HomeCredit CardsICICI Bank Platinum Chip Credit Card
ICICI Bank Platinum Chip Credit Card

ICICI Bank

ICICI Bank Platinum Chip Credit Card

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Annual Fee

Lifetime Free

Base Reward

2% points

Foreign Markup

3.5%

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4.4/5
VerifiedLast updated 26 May 2026

Product Highlights

  • Zero annual fee
  • Earn 2 Reward Points for every ₹100 spent on retail transactions
  • 1% fuel surcharge waiver at HPCL pumps
  • Discount offers on dining

Category Rewards

utilities

1 RP per ₹100 on utilities/insurance

0.25X

Specialty

1 RP per ₹100 on utilities/insurance

0.25X

Reward Calculator

Earns ₹690/year (net)

Modest gain. Solid hold if you like the perks.

Monthly spend

₹13K

across all your buckets

Points / yr

2.8K

ICICI Reward Points

Best worth

₹690

via standard · ₹0.25/pt

Effective rate

0.44%

Annual fee

FREE

Year 1 net

+₹690

Year 2+ net

+₹690

ongoing

Adjust your spend by reward bucket

2 buckets
0.25%1 RP per ₹100 on utilities/insurance
₹3,000/mo
Earns 30 icici reward points / mo≈ ₹8 worth/mo
0.50%All other spends
₹10,000/mo
Earns 200 icici reward points / mo≈ ₹50 worth/mo

Surcharges & Exclusions

Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.

Rent payment surcharge

1%

Charged on every rent transaction via CRED / NoBroker / Magicbricks / etc.

Wallet load surcharge

1%from Jan 2026

Kicks in after ₹5,000 cumulative wallet loads/cycle (Paytm, PhonePe, Mobikwik)

Utility payment surcharge

1%

Kicks in after ₹50,000 cumulative utility spends/cycle

Foreign exchange markup

3.5%

Charged on every international (non-INR) transaction

Excluded from rewards

fuel, rent, wallet, emi, cash advance, utility

Fuel surcharge waiver (good news)

1%

Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.

Rewards Details

Earn 2 Reward Points on every retail spend of ₹100. Earn 1 Reward Point on every ₹100 spent on insurance & utilities. Up to 15% off on dining through the ICICI Bank Culinary Treats Programme in 2500+ restaurants.

Reward Points — Redemption Value
  • 1 Reward Point = ₹0.25

Benefits & Features

Up to 15% off on dining through the ICICI Bank Culinary Treats Programme.

Pros & Cons

Pros

  • Lifetime free annual fee
  • 2 Reward Points on retail spends
  • Up to 15% off on dining
  • 1% fuel surcharge waiver at HPCL

Cons

  • No welcome benefits
  • Redemption fee of ₹99 + GST
  • Limited to HPCL for fuel surcharge waiver

Partner Merchants

HPCL

Ready to apply?

Apply directly on the bank's official website. Quick approval, no hidden steps.

Apply Now

Official bank website · Secure

Fees & Charges

Annual FeeFREE
Joining FeeLifetime Free
Foreign Markup3.5%
Interest Rate3.75% per month
Cash AdvanceHigher of ₹500 or 2.5% of the Amount Withdrawn
Redemption Fee₹99 + GST

Eligibility

Min Age

21 yrs

Networks

visa