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Card Overview/ICICI Bank Platinum Chip Credit Card
ICICI
Everyday
PLATINUM
ICICI BANK
VISA

ICICI Bank Platinum Chip Credit Card

by ICICI • Visa

Complete Benefits & FAQs

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“The simplest card in our entire 20-card collection. True lifetime free — no fee, no conditions, no spend requirements. Reward rate of 0.5% (2 RP/₹100 at ₹0.25/RP) is low but expected for a free card. Monthly caps on utility (₹40K), insurance (₹40K), and grocery/dept (₹20K) spending limit RP earning. Key gotcha: fuel surcharge waiver is HPCL ONLY — not all pumps like every other card in our collection. No lounge, no travel insurance, no milestone benefits, no welcome benefits. The ₹99 redemption fee eats into value for small redemptions. RP expire after 36 months. iShop 6-12X acceleration is the same as all ICICI cards, so the card is useful for iShop hotel bookings (12X). Good starter card for building credit history at zero cost. Minimum income of ₹20K/month is very accessible.”

Fee Waiver: Not applicable — no fee

Best suited for

🎯 Credit card beginners — zero cost to hold, builds credit history🎯 Users wanting a no-fee card with basic rewards (0.5% retail)🎯 HPCL fuel users — 1% surcharge waiver🎯 Budget-conscious users who prefer zero annual commitment🎯 Users wanting iShop acceleration without paying any card fee

Welcome & Onboarding Perks

    Airport Lounge Privileges

    DomesticNone
    InternationalNone

    Reward Rates

    iShop Hotels (12X)
    up to 6%
    iShop Flights/Vouchers (6X)
    up to 3%
    Grocery/Dept Storescap ₹20,000/month
    up to 0.5%
    Base Spends
    up to 0.5%
    Utility & Insurancecap ₹40,000/month
    up to 0.3%

    Surcharges & Waivers

    Forex Markup3.50%
    Interest Rate3.75% per month (45% per annum). Up to 3.8% per month (46% p.a.) in case of default.
    Wallet Loading1% on loading ₹5,000+ to wallets (MCC 6540) - effective January 15, 2026
    Fuel Surcharge Waiver
    Waiver %1%
    Cap / cycleNo cap
    Transaction range₹₹400 – ₹₹4,000

    Eligibility Requirements

    Salaried

    Age21+ years

    Note: Criteria are indicative; bank reserves right to approve/decline.

    Documents Required

    • •Identity proof
    • •Address proof
    • •Income proof

    Key Highlights

    ✓Lifetime free — no joining or annual fee ever
    ✓EMV Chip Protection (embedded microchip) for counterfeit protection
    ✓Contactless payments with single-tap security
    ✓Zero-liability protection against unauthorized transactions
    ✓PIN-based transaction security
    ✓Easy EMI conversion — shop now, pay later
    ✓iShop 6-12X acceleration on travel and vouchers

    Frequently Asked Questions

    Ready to apply for ICICI Bank Platinum Chip Credit Card?

    Annual fee: FREE

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