Adani One ICICI Bank Platinum Credit Card
The Adani One Platinum Credit Card is a budget-friendly option in the Adani One Card series, with the Signature Credit Card being the premium version. Priced at ₹750 per year, it offers travel perks like lounge access, valet parking, and porter services at airports. Cardholders also get vouchers worth over ₹5,000 for hotels, flights, and holidays, making it a great choice for frequent travelers within India. However, it lacks international lounge access, dining benefits, and insurance coverage, and has a high 3.5% foreign currency markup fee.
This card is issued by ICICI Bank in partnership with Visa and Adani One. It rewards users for spending on the Adani One app, where they can book flights, hotels, trains, and utilities. The Platinum version costs ₹750 per year, while the Signature version is priced at ₹5,000. Overall, the Platinum card is ideal for those who frequently travel within India and use Adani services, offering good value despite a few limitations.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How do I earn reward points with this card?
You can earn 3% Adani Reward Points when you spend on the Adani One app, Adani airports, CNG stations, electricity bills, and Trainman. Domestic purchases (except fuel and rent) give you 1% reward points, while international spending earns 1.5%. For utility and insurance payments, you get 0.5% reward points.
When was the Adani One Platinum Credit Card introduced?
The Adani One Platinum Credit Card was officially launched on June 3, 2024.
Do I need an ICICI Bank account to apply for the Adani One Platinum Credit Card?
Yes, having an ICICI Bank account is necessary to apply for this credit card.
Does the Adani One Platinum Credit Card provide free lounge access?
Yes, cardholders get complimentary access to domestic airport lounges.
What are the key benefits at Adani-managed airports?
Get 8 free domestic lounge visits and premium upgrades yearly, along with 2 valet parking services and 2 premium parking passes. You also get 4 porter services per year, limited to 2 per ₹1 lakh spent.
Leave a Reply