ICICI Bank Sapphiro Credit Card
Rewards & Benefits
Welcome Benefits
The card offers attractive welcome benefits of up to Rs. 10,000 on paying the annual fee.
Milestone Benefits
Milestone benefit: Users will get up to 20,000 reward points every anniversary year.
Cashback Rate
The value of 1 reward point for ICICI Bank Sapphiro credit card is Rs. 0.25.
Users will earn 2 reward points for every INR 100 spent on domestic transactions, effective cashback rate: 0.50%.
4 reward points for every INR 100 spent on international transactions, effective cashback rate: 1%.
Movie Benefits
Buy one movie/event ticket and get up to Rs 500 off on the second ticket, twice every month, through www.bookmyshow.com.
Dining Benefits
Other Benefits
Complimentary accident insurance cover of Rs. 2 lakhs.
Personal accident cover of Rs. 1 lakh.; Users can enjoy up to 4 complimentary rounds of golf every month at the golf course of their choice based on eligible spends on their card.
Lounge Access
Fees & Charges
Joining Fee
Rs 6,500
Annual Fee
Rs 3,500 (waived off on spending more than Rs 6 lakh in the previous year)
Cash Advance Fee
2.5% of the withdrawn amount (subject to a minimum charge of Rs. 300)
Interest rate
3.40% per month / 40.80% p.a.
Late Payment Fee
Late Payment Fee: Nil for the amount due less than Rs. 100; Rs 100 for amount between Rs 100 and Rs 500; Rs 500 for the total amount due greater than Rs 501 and up to Rs 10,000; Rs 750 for the total amount due greater than Rs 10,000.
Foreign Currency Transactions Fee
Foreign currency transactions: Mark-up of 3.50%.
Other Fees
Finance Charges: 3.40% per month / 40.80% p.a. | Cash Advance Charges: 2.5% on the advanced amount, subject to a minimum of ₹300 | Reward Redemption fees: Rs. 99/-
Cons
The card has a high annual fee of Rs. 3,500.
The reward rate of the card is average compared to other premium credit cards.
The interest rate on the card is relatively high.
Welcome benefit: The card offers attractive welcome benefits of up to Rs. 10,000 on paying the annual fee.
Rewards system: The value of 1 reward point for ICICI Bank Sapphiro credit card is Rs. 0.25. Users will earn 2 reward points for every INR 100 spent on domestic transactions, effective cashback rate: 0.50%, and 4 reward points for every INR 100 spent on international transactions, effective cashback rate: 1%.
Milestone benefit: Users will get up to 20,000 reward points every anniversary year.
2 complimentary international airport lounge visits and 2 domestic airport spa visits per calendar year, under the complimentary membership to the Dreamfolks programme.
4 complimentary access per quarter to select airport lounges in India, on a minimum spend of Rs 5,000 or above in a calendar quarter on your ICICI Bank Sapphiro credit card to avail this facility in the next calendar quarter.
Users can enjoy up to 4 complimentary rounds of golf every month at the golf course of their choice based on eligible spends on their card.
Buy one movie/event ticket and get up to Rs 500 off on the second ticket, twice every month, through www.bookmyshow.com.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
To apply for the credit card, you have to be at least 23 years old.
A good credit score of 750 or higher is required.
You have to be an Indian citizen.
For salaried individuals, the minimum monthly income required to apply for the card is Rs. 80,000, and for self-employed individuals, it is Rs. 83,333.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the ICICI Bank website or mobile app.
Go to the credit cards section.
Select the ICICI Bank Sapphiro Credit Card (Visa or Mastercard).
Click on "Apply Now".
Fill in the application form with your details.
Submit the form.
Once you have submitted your application, ICICI Bank will process it and let you know the decision within a few days.
Contact Details
1800 1080
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome benefit: The card offers attractive welcome benefits of up to Rs. 10,000 on paying the annual fee.
Rewards system: The value of 1 reward point for ICICI Bank Sapphiro credit card is Rs. 0.25. Users will earn 2 reward points for every INR 100 spent on domestic transactions, effective cashback rate: 0.50%, and 4 reward points for every INR 100 spent on international transactions, effective cashback rate: 1%.
Milestone benefit: Users will get up to 20,000 reward points every anniversary year.
2 complimentary international airport lounge visits and 2 domestic airport spa visits per calendar year, under the complimentary membership to the Dreamfolks programme.
4 complimentary access per quarter to select airport lounges in India, on a minimum spend of Rs 5,000 or above in a calendar quarter on your ICICI Bank Sapphiro credit card to avail this facility in the next calendar quarter.
Users can enjoy up to 4 complimentary rounds of golf every month at the golf course of their choice based on eligible spends on their card.
Buy one movie/event ticket and get up to Rs 500 off on the second ticket, twice every month, through www.bookmyshow.com.
The card has a high annual fee of Rs. 3,500.
The reward rate of the card is average compared to other premium credit cards.
The interest rate on the card is relatively high.
The ICICI Bank Sapphiro Credit Card can be a good option for frequent travellers who utilize the airport lounge access, travel insurance, and dining benefits. However, the high annual fee and average reward rate make it less suitable for non-frequent travelers or those looking for cards with the best reward programs. Before applying, consider your spending habits and compare it to other premium cards on the market to see if it aligns with your priorities and offers good value for your money.
The ICICI Bank Sapphiro Credit Card can be a good option for frequent travellers who utilize the airport lounge access, travel insurance, and dining benefits. However, the high annual fee and average reward rate make it less suitable for non-frequent travelers or those looking for cards with the best reward programs. Before applying, consider your spending habits and compare it to other premium cards on the market to see if it aligns with your priorities and offers good value for your money.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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