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ICICI Instant Platinum Credit Card

Home Credit Card ICICI ICICI Instant Platinum Credit Card
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Earn 6.5%* Interest on FD

& Get a Lifetime Free Step Up Credit Card

  • Safe & Secure FD, Insured by RBI
  • No Savings A/c Required
  • FD Starts from Rs 2000
  • Card Limit = FD Amount

*Rates are subject to change as per the bank's discretion.

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Invest in FD and Get Lifetime
FREE Step Up Credit Card

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Updated: 12-06-2023 12:17:10 PM

ICICI Bank Instant Platinum Credit Card is a secured credit card issued against ICICI fixed deposit with a minimum deposit of Rs 20,000. This credit card comes with no annual and joining fees. This secured credit card features attractive movie offers, rewards, dining benefits and much more. The pledged ICICI FD would continue to earn interest for cardholders.

ICICI Bank Instant Platinum Credit Card Highlights
Card Type Secured Credit Card (Backed by FD)
Minimum FD Rs 20,000
Minimum FD Tenure 180 days
Rewards Point Program 2 reward point on every spend of Rs 100
Offers BookMyShow & Dining Offers
Annual Fee NIL
Finance Charges 2.49% per month (29.88% p.a.)

Earn 6.5% p.a. on your FD & Get a lifetime free Step Up Credit Card

  • Card limit is 100% of FD Amount

  • Instant Virtual Card

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stepup 6.5%INTEREST ON FD

ICICI Bank Instant Platinum Credit Card Rewards Point Program

  • Cardholders can get 2 reward point on every Rs 100 spends
  • The reward points can be redeemed against cash. The earned reward points can be converted into an equivalent cash amount and credited to your credit card balance.

ICICI Bank Instant Platinum Credit Card Offers

  • BookMyShow Offer: Cardholders can get 25% discount of up to Rs 100 on purchase of minimum 2 tickets through BookMyShow website. The offer can be availed twice a month
  • Dining Offer: Exclusive dining offers TGI Fridays, Café Coffee Day, Pizza Hut, Mainland China, Vaango, etc are available through ICICI Bank Culinary Treats Program

Looking for Higher FD rates? Book an FD @6.5% p.a. and get a lifetime free credit card

  • FDs of up to ₹5 lakhs insured by RBI

  • No hassle of opening a saving account

  • No documentation

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stepup

Other Key Privileges of ICICI Bank Instant Platinum Credit Card

  • No income document is required for availing this secured credit card
  • Contactless technology to make seamless and secure payments at retail outlets
  • Credit builder program: The credit builder program is complimentary with ICICI Bank Instant Platinum Credit Card. The programme offers guidance to cardholders on how they can build a good credit score. This credit card is beneficial for those applicants who do not have credit score or have poor credit scores or who cannot avail unsecured credit cards due to inadequate income or location. With the Credit Builder Program, applicants can manage their purchases, make timely repayment of their credit card dues and gradually improve their overall credit score.

Fees & Charges of ICICI Bank Instant Platinum Credit Card

Fee/Charge Amount
Joining Fee NIL
Annual Fee Nil
Supplementary Card Fee NIL
Finance Charges 2.49% per month (29.88% p.a.)
Interest on Cash Advances 2.49% per month (29.88% p.a.)
Duplicate Statement Request (beyond 3 months) Rs 100
Card Replacement Fee Rs 100
Cheque/Cash pick-up fee Rs 100 per pick-up
Charge Slip Request Rs 100 per charge slip
Cash Advance Transaction Fee 2.5% on advanced amount (Minimum Rs 500)
Foreign currency transactions mark-up fee 3.5% of the transaction amount
Rent Pay Transactions fee 1% of the transaction amount

Late Payment Charges

Outstanding Amount Charges
Up to Rs 100 None
Between Rs 100 to Rs 500 Rs 100
Between Rs 501 to Rs 5,000 Rs 500
Between Rs 5,001 to Rs 10,000 Rs 750
Between Rs 10,001 to Rs 25,000 Rs 900
Between Rs 25,001 to Rs 50,000 Rs 1,000
Above Rs 50,000 Rs 1,200

Eligibility Criteria of ICICI Bank Instant Platinum Credit Card

  • Applicants need to open fixed deposit account of at least Rs 20,000 with ICICI Bank
  • The minimum tenure of ICICI Bank FD should be 180 days

Applicants should note that the card is not issued in the following cases:

  • If the FD is in the name of third parties or HUF or society or partnership firms or trust or companies
  • Against Linked/Quantum /80C/ NRO/NRE/HFC FDs or if a lien is marked on the fixed deposit account
  • If the applicant is minor and/or foreign nationals

ICICI Bank Instant Platinum Credit Card – FAQs

Q. What is ICICI Instant Platinum credit card?
ICICI Instant Platinum credit card is a secured credit card that is issued against a fixed deposit. Customers can avail this credit card to improve their credit score and to earn interest on the fixed deposit amount.

Q. Is ICICI Instant Platinum credit card free?
Yes, there is no annual or joining fee on the credit card.

Q. What is ICICI Credit Builder Program?
ICICI Instant Platinum credit card comes with the ICICI Credit Builder Program where the bank provides the card holder with tips on improving credit score. There are no fees and charges to enrol in the program.

Q. What is the finance charge on is ICICI Instant Platinum credit card?
The finance charge is 2.49% per month or 29.88% per annum.

Q. I was unable to pay my ICICI Instant Platinum credit card’s bill. What will happen?
Late payment charges along with finance charges will be applied to your credit card bill. You also risk getting your card blocked. Finally, in case you do not pay the bank will recover its charge from the fixed deposit amount.

 

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