Platinum Chip Credit Card
MyRupaya Ratings
उत्पाद विवरण
क्रेडिट कार्ड का नाम
Platinum Chip Credit Card
Bank Name :
ICICI Bank
प्रकार
Lifestyle Credit Card
ब्याज दर
3.40% per month (40.80% annualized)
पात्रता
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.
पेशेवरों
Lifetime free platinum chip credit card.
Reward system: On retail purchases (except fuel): Users will get 2 PAYBACK points per Rs. 100 spent, on 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 is 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).
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.
ICICI Bank reward points are redeemable for exciting gifts and vouchers.
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.
दोष
Low reward rate: Compared to other cards, the 2x and 1x points may not be very lucrative for high spenders.
No welcome bonus or joining gifts: Unlike some other cards, there's no initial boost to your reward points.
Limited benefits: No airport lounge access, complimentary movie tickets, or other premium features.
Renewal fee potential: If you spend less than ₹50,000 annually, you may have to pay a renewal fee.
High-interest rates: If the user doesn't pay his dues on time, the interest rate is on the higher side.
Not ideal for travel: Limited travel benefits and foreign currency markup fee make it less suitable for frequent travelers.
पक्ष विपक्ष
Welcome Benefits
None
पुरस्कार प्रणाली
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)
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
Up to: 3.5%
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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.
फ़ायदे
No joining fee, no annual fee: The card comes with no joining fee and no annual fee for the second year onwards.
Security of a chip card: The card has a chip that provides security against the risk of fraud.
PAYBACK points: You can earn PAYBACK points on your transactions, which are redeemable for exciting gifts and vouchers.
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
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.
सम्पर्क करने का विवरण
1800 1080
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Lifetime free platinum chip credit card.
Reward system: On retail purchases (except fuel): Users will get 2 PAYBACK points per Rs. 100 spent, on 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 is 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).
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.
ICICI Bank reward points are redeemable for exciting gifts and vouchers.
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.
Low reward rate: Compared to other cards, the 2x and 1x points may not be very lucrative for high spenders.
No welcome bonus or joining gifts: Unlike some other cards, there's no initial boost to your reward points.
Limited benefits: No airport lounge access, complimentary movie tickets, or other premium features.
Renewal fee potential: If you spend less than ₹50,000 annually, you may have to pay a renewal fee.
High-interest rates: If the user doesn't pay his dues on time, the interest rate is on the higher side.
Not ideal for travel: Limited travel benefits and foreign currency markup fee make it less suitable for frequent travelers.
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.
ICICI Platinum Chip Credit Card
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
उत्पाद समीक्षा
फीस एवं प्रभार
Joining Fee – NIL
Annual Fee (Second year onwards) – NIL
Supplementary Card Fee – NIL
Interest Rate – 3.40% per month (40.80% annualized).
Cash Advance Charges: 2.5% on advanced amount , subject to minimum of ₹300.
Foreign Currency Mark-up Fees: 3.5% of the transaction value.
Reward Redemption fees: INR 99/-
ईंधन अधिशुक्ल
1% fuel surcharge waiver: Applicable on the first Rs. 4,000 spent at HPCL pumps per month.
Billing Cycle
30 Days