ICICI Bank Platinum Chip Credit Card
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Cashback Rate
Retail purchases (except fuel): 2 PAYBACK points per Rs. 100 spent.
Insurance & utilities: 1 PAYBACK point per Rs. 100 spent.
Generally, 1 PAYBACK point translates to Rs. 0.25 to Rs. 0.40 if redeemed for vouchers, merchandise, or gift cards. Considering the average value of 1 PAYBACK point as Rs. 0.35, the effective cashback rate for retail purchases works out to:0.7% (2 points per Rs. 100 * Rs. 0.35) For insurance & utilities, the effective cashback rate is:0.35% (1 point per Rs. 100 * Rs. 0.35).
Movie Benefits
Dining Benefits
Other Benefits
Lifetime free platinum chip credit card.; The ICICI Bank platinum chip credit card offers you great value as a no-frills.; Security of a chip card to protect you against the risk of fraud.; A fuel surcharge waiver is available.; Users will get accidental death and air accident insurance coverage.; Visa cards are accepted at most merchants in India and abroad.
Lounge Access
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Cashback Rate
Retail purchases (except fuel): 2 PAYBACK points per Rs. 100 spent.
Insurance & utilities: 1 PAYBACK point per Rs. 100 spent.
Generally, 1 PAYBACK point translates to Rs. 0.25 to Rs. 0.40 if redeemed for vouchers, merchandise, or gift cards. Considering the average value of 1 PAYBACK point as Rs. 0.35, the effective cashback rate for retail purchases works out to:0.7% (2 points per Rs. 100 * Rs. 0.35) For insurance & utilities, the effective cashback rate is:0.35% (1 point per Rs. 100 * Rs. 0.35).
Movie Benefits
Dining Benefits
Other Benefits
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Lounge Access
Fees & Charges
Joining Fee
NIL
Annual Fee
(Second year onwards) – NIL
Cash Advance Fee
2.5% on advanced amount , subject to minimum of ?300.�
Interest rate
Interest Rate – 3.40% per month (40.80% annualized).
Late Payment Fee
Foreign Currency Transactions Fee
Foreign Currency Mark-up Fees: 3.5% of the transaction value.
Other Fees
Supplementary Card Fee – NIL | Cash Advance Charges: 2.5% on advanced amount , subject to minimum of ₹300. | Reward Redemption fees: INR 99/-
Fees & Charges
Joining Fee
NIL
Annual Fee
(Second year onwards) – NIL
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate – 3.40% per month (40.80% annualized).
Late Payment Fee
Foreign Currency Transactions Fee
Foreign Currency Mark-up Fees: 3.5% of the transaction value.
Other Fees
Supplementary Card Fee – NIL | Cash Advance Charges: 2.5% on advanced amount , subject to minimum of ₹300. | Reward Redemption fees: INR 99/-
Special Features
None
Eligibility Criteria
Age: Between 22 and 60 years.
Occupation: Salaried or self-employed.
Minimum income:
Salaried: ₹48,000 per month.
Self-employed: ₹60,000 per month.
Credit score: Good credit score (CIBIL score of 750 or above).
Residence: Resident of India.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online:
Visit the ICICI Bank website: https://www.icicibank.com/personal-banking/cards/credit-card
Select the "Credit Cards" tab.
Choose the "Platinum Chip Credit Card".
Click on "Apply Now"
Fill in the application form with your details.
Upload the required documents.
Apply.
Once you have submitted your application, it will be processed by ICICI Bank. You will be informed of the decision within 7-10 business days.
Contact Details
1800 1080
Account Opening and Procedure
The ICICI Platinum Chip Credit Card is a no-frills option suitable for individuals with moderate spending who value simplicity and avoid annual fees. It offers a basic rewards program and some essential benefits like fuel surcharge waiver and insurance coverage. However, its low reward rate, limited perks, and high late payment charges might not be appealing to those seeking higher value or more features.
The ICICI Platinum Chip Credit Card is a no-frills option suitable for individuals with moderate spending who value simplicity and avoid annual fees. It offers a basic rewards program and some essential benefits like fuel surcharge waiver and insurance coverage. However, its low reward rate, limited perks, and high late payment charges might not be appealing to those seeking higher value or more features.
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