ICICI Bank Platinum Chip Credit Card
Card Overview
The ICICI Bank Platinum Chip Credit Card is a no-annual-fee card that rewards you with up to 2 Reward Points for every purchase, which can be redeemed for cashback and other rewards. Cardholders also enjoy exclusive discounts at over 2500 restaurants across India through the ICICI Bank Culinary Treats Programme, making dining out more affordable. Additionally, the card provides a 1% discount on fuel transactions at HPCL stations, offering savings for everyday expenses.
With its secure chip technology, the ICICI Bank Platinum Chip Credit Card offers safe, contactless payments, both in India and globally. The card also provides flexible payment options, such as No Cost EMI, and complimentary insurance coverage for cardholders. It’s an excellent option for individuals looking to save on everyday purchases, enjoy dining benefits, and get rewards without paying an annual fee.
Card Details
- You’ll get 2 reward points for every ₹100 you spend on shopping, except for fuel.
- Earn 1 reward point for every ₹100 spent on insurance and utilities.
- Get a 1% fuel surcharge waiver at HPCL pumps (valid for the first 4,000 transactions).
- Get a minimum of 15% discount on dining at over 2,500 restaurants through the Culinary Treats Program.
- Available for individuals aged 23 and above.
- Annual fee waived if you spend ₹50,000 or more in a year.
- Redeem 2,000 PAYBACK points for ₹500 worth of fuel at HPCL stations.
Features & Benefits
ICICI Bank Platinum Chip Credit Card – Benefits, Rewards & How to Apply
The ICICI Bank Platinum Chip Credit Card has no annual fee and offers up to 2 Reward Points per purchase, redeemable for cashback and rewards. It gives dining discounts at 2,500+ restaurants, 1% fuel savings at HPCL, secure contactless payments, No Cost EMI options, and complimentary insurance, making it great for everyday savings and rewards.
Fuel Surcharge Waiver
One of the top benefits of the ICICI Bank Platinum Chip Credit Card is the 1% fuel surcharge waiver at HPCL petrol pumps. This applies to transactions up to ₹4,000. For example, if your petrol bill is ₹3,000, you instantly save ₹30.
Earn Reward Points on Every Spend
With this card, you earn Reward Points on almost every transaction:
- 2 Reward Points for every ₹100 spent on shopping.
- 1 Reward Point for every ₹100 spent on insurance and utility bills.
Redeeming Reward Points
You can redeem points for cashback or gifts:
| Redeem Option | Contact Number | Value | Fee |
|---|---|---|---|
| Cashback | 080-40146444 | 1 Reward Point = ₹0.25 | ₹99 per redemption |
| Gifts | 1860-258-5000 | 1 Reward Point = ₹0.25 | ₹99 per redemption |
For instance, 2,000 Reward Points can give you ₹500 cashback or gifts.
Dining Discounts
The card offers up to 15% discount at 2,500+ restaurants across India with the Culinary Treats Programme. Whether it’s casual dining or a fine dining experience, you save money every time you use your card.
Annual Fee & Other Charges
The ICICI Platinum Chip Credit Card has zero annual and joining fees, but some charges apply:
- Overdue interest: 3.75% per month (45% per year)
- Forex transactions: 3.5% on international payments
- Cash withdrawals: 2.5% of withdrawn amount, minimum ₹500
Eligibility – Who Can Apply
To apply for the ICICI Platinum Chip Credit Card.
- Primary applicant: 21 years or older
- Add-on applicant: 18 years or older
- You should have a steady income and a good credit score.
Required Documents
- Identity Proof: Aadhar Card, PAN Card, Voter ID, Driving License
- Address Proof: Aadhar, utility bills, Passport, Voter ID, or Driving License
- Income Proof: Latest salary slips, bank statements, or audited ITR
How to Apply – Online & Offline
You can apply offline or online:
- Offline: Visit your nearest ICICI Bank branch and submit the application form with documents.
- Online: Visit to the ICICI Bank website, click on Apply Now, choose the Platinum Chip Credit Card, fill out the form, and submit it.
Track Your Application Status
- Check online on the ICICI Bank application page
- Call ICICI Bank credit card customer care
- Visit your nearest branch for assistance
Real-Life Example
Suppose you spend monthly:
- Shopping: ₹10,000 → 200 Reward Points = ₹50
- Dining: ₹1,500 → 15% discount = ₹225 saved
- Fuel: ₹3,000 → 1% surcharge waiver = ₹30 saved
Total Monthly Savings: ₹305
ICICI Bank Platinum Chip Credit Card Review
The ICICI Bank Platinum Chip Credit Card is an ideal choice for anyone looking for a low-cost credit card with high rewards. With Reward Points, dining discounts, and fuel surcharge waiver, it helps you save every month. Apply online or offline and enjoy maximum value with minimal cost.
Reality Check Feedback
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
- What dining discounts can I get with this card?
You can get up to a 15% discount on dining through the ICICI Bank Culinary Treats Programme at 2,500+ restaurants in India.
- Will I get a fuel surcharge waiver at every fuel station?
No, the 1% fuel surcharge waiver is available only at HPCL pumps for transactions up to ₹4,000.
- Is there a joining fee for the ICICI Bank Platinum Chip Credit Card?
No, this credit card has no joining fee.
- What is the value of 1 Reward Point?
For the ICICI Bank Platinum Chip Credit Card, 1 Reward Point = ₹0.25.
- What documents are required for ID proof?
You need to submit one of these: your passport, driving license, or Aadhaar card.
- Why should I get the ICICI Bank Platinum Chip Credit Card?
This card includes a security chip that protects against fraud and provides a Personal Identification Number (PIN) for added security.
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