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ICICI Platinum Chip Credit Card
Lifetime Free
Rewards
Rewards
2X reward points on all retail spends
Lifetime free
No annual card fee is charged
Dining
Discount offers on dining at restaurants
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About ICICI Platinum Chip Credit Card
ICICI Platinum Chip is a lifetime-free entry-level credit card, ideal for individuals who are beginning their credit journey. With no joining or annual fee, this card can be used to build up your credit profile while earning reward points on every card spend, including utility bills and insurance payments. Cardholders can earn 2X rewards on retail purchases, making it a suitable choice to save on everyday purchases. Moreover, the card provides a 1% fuel surcharge waiver and exclusive dining discounts which add to the overall value-back.
However, beyond its basic rewards program, the card lacks any significant lifestyle or milestone benefits. While it serves as a good starting point for first-time credit users, those looking for a higher reward rate or additional lifestyle privileges may find better rewards credit card options in the market. Still, its relaxed eligibility criteria and no annual cost structure make it a low-risk, beginner-friendly choice for credit building.
Rewards Program
On every spend of Rs. 100, ICICI Bank Platinum Chip Card offers –
- 2 Reward Points: On retail spends1
- 1 Reward Point: On insurance and utility payments2
- Monthly Capping: Reward points earnings are capped on utility spends of Rs. 40,000, insurance spends of Rs. 40,000, and grocery and departmental store purchases worth Rs. 20,000.
- Rewards Redemption: Card users can redeem their reward points on ICICI Bank Rewards platform against lifestyle products, travel and movie vouchers, and other options available in the catalogue.
Other Features & Benefits
In addition to the reward points on card spends, this ICICI Bank Credit Card also offers benefits like dining discount and fuel surcharge waiver, as given below:
- Dining Benefit:
Cardholders can avail discount offers offered under the ICICI Bank Culinary Treats Program at the partner restaurants.
- Fuel Benefit:
1% fuel surcharge waiver is available at HPCL petrol pumps on fuel transactions worth Rs. 400 to Rs. 4,000
ICICI Platinum Chip Credit Card: Fees & Charges
| Particulars | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Nil | ||||||||||||||||||
| Finance Charges | 3.75% per month (45% per annum) | ||||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get This Card If:
You are new to credit and are looking for an entry-level card to build your credit profile
You prefer to get a basic rewards credit card, over a cashback one
You want a card without any annual fee
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What do we like about this card?
ICICI Platinum Chip credit card doesn’t charge any annual fee and comes with a simple rewards structure which makes it a decent choice for those who are new to credit cards. Its rewards program also includes utility bills and insurance payments, which are often excluded by many credit cards. Dining discount offers across a wide range of restaurant options and fuel surcharge waiver further let the cardholders to increase their overall savings using this card.
Pros
- Lifetime free credit card
- Up to 2X rewards earnings on card spends
- Dining discount offers across a wide range of restaurants
Cons
- Low reward rate
- No accelerated benefits on popular lifestyle-related categories, like travel, shopping, movies, etc.
Frequently Asked Questions
Everything you need to know about this credit card
Footnotes
- Cardholders will no longer earn reward points on rent, e-wallet loads, government, and education spends. These transactions also won’t count toward milestone benefits or fee waivers. Additionally, a 1% fee will apply to education payments via third-party apps, utility spends above Rs. 50,000/month, and fuel spends above Rs. 10,000/month.
- Rewards on utility and insurance spends are capped at Rs. 40,000 per month, grocery spends at Rs. 20,000 per month, and fuel spends at Rs. 50,000 per month.
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
4 Comments
Does this card have airport lounge access
No, ICICI Platinum Chip does not offer any complimentary airport lounge access.
Does ICICI Platinum chip credit card provides lounge access.
No, ICICI Bank Platinum Chip credit card does not come with any complimentary lounge access for the card users.