ICICI Bank Sapphiro Credit Card

“ICICI's premium travel & lifestyle card. January 2026 devaluation: BookMyShow now requires ₹25K quarterly spend, transportation rewards capped at ₹20K/month, new gaming fee (2%), wallet load fee (1%), transport surcharge (1% on >₹50K txns). Joining fee (₹6,500) is high but welcome vouchers (₹14.5K+) more than cover it — 2.2x return on fee. Annual fee (₹3,500) waived at ₹6L spend. Reward structure is simpler than Axis/HDFC: 4/2/1 RP per ₹100 at ₹0.25/RP value gives 1%/0.5%/0.25% effective rates. iShop acceleration (6-12X) is shared across all ICICI cards — best value on hotel bookings (12X + 90% redemption). BookMyShow BOGO (₹500 off) twice/month is excellent for movie-goers — ₹12K annual value but now conditional on spend. Domestic lounge has ₹75K/quarter spend gate — important to note. Golf (4 rounds/month) is unique — not seen on other cards in our collection. ₹3Cr air accident insurance is the highest we've recorded. Milestone structure is progressive: starts at ₹4L (4K RP) then 2K per additional ₹1L, maxing at 20K RP (₹5K) at ₹12L. Dual variant (MC + Amex) doubles some benefits. Forex at 3.5% is standard — loses to SBI ELITE/Miles ELITE's 1.99%. ICICI has bank-level PDFs for T&C, MITC, lounge, insurance — so card-specific PDFs are minimal (just welcome benefit T&C).”

Fee Waiver: Annual fee waived on spends over ₹6,00,000 (₹6 Lakh) in a year