If you are looking for an entry-level card, the ICICI Bank Platinum Chip Credit Card is the right choice. This is a chip-based credit card with robust security features and a decent rewards program. It offers attractive reward points on everyday spends, which can be redeemed for various options. This card provides reward points for both online and offline spending. Moreover, this card is lifetime free and offers various lifestyle benefits, making it a valuable addition to your wallet.
Other card benefits include a discount of up to 15% on dining through the Culinary Treats program and fuel surcharge waiver. Plus, it has no annual fee, which means you don’t have to pay a single penny for getting and using this card. Read on to learn more about the ICICI Bank Platinum Chip Credit Card:
Overview
| Feature | Details |
|---|---|
| Card Type | Lifestyle Credit Card |
| Reward Rate | 2 Reward Points per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
| Annual Fee | Nil |
| Unique Selling Points | No annual fee, comprehensive rewards program, enhanced security features |
| Rating (out of 5) | 4.0 |
Table of Contents
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Bonus Reward Points | 2,000 Reward Points on your first spend within 30 days |
| Additional Benefits | Discounts on dining and shopping |
Charges for Card
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Renewal Fee | Nil |
| Finance Charges | 3.40% per month (40.8% per annum) |
| Late Payment Fee | ₹100 to ₹1,000 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
ICICI Bank Platinum Chip Credit Card Benefits
Travel Benefits: Travel insurance coverage and access to select travel offers.
Dining Offers: Enjoy discounts of up to 15% at over 2,500 partner restaurants across India through the Culinary Treats program.
Fuel Surcharge Waiver: Waiver of 1% fuel surcharge on fuel transactions at HPCL petrol pumps when you swipe the card on ICICI Merchant Services swipe machines.
Insurance and Protection: Purchase protection, extended warranty, and fraud liability coverage.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Online Spends | 2 Reward Points per ₹100 spent |
| Offline Spends | 2 Reward Points per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1 Lakh | 5,000 Reward Points |
Redemption
Reward Points can be redeemed for:
- Shopping Vouchers: Use points to get vouchers for leading brands.
- Travel Bookings: Redeem points for flight and hotel bookings.
- Gift Vouchers: Available for various brands and services.
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Not available with this card |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Who Should Get the Card
The ICICI Bank Platinum Chip Credit Card is perfect for individuals who are starting their credit journey and want a simple yet effective card with no annual fee. With attractive rewards on everyday spends and discounts on dining, this card is designed to cater to the lifestyle of the modern consumer. Whether you are a foodie, a shopper, or someone looking for a secure credit card, this card has something for you. Unlock your savings journey with the ICICI Bank Platinum Chip Credit Card.
Eligibility for ICICI Bank Platinum Chip Credit Card
To apply for the ICICI Bank Platinum Chip Credit Card, applicants must meet the following criteria:
- Age: 23 to 60 years for salaried individuals, 23 to 65 years for self-employed individuals
- Income: Minimum ₹20,000 per month for salaried applicants; ₹3 lakh per annum for self-employed applicants
- Documents Required: Aadhar Card, PAN Card, proof of income (latest salary slips, bank statements, or ITR), and residence proof.
Card Review
Along with being a highly affordable card, the ICICI Bank Platinum Chip Credit Card is one of the most secure and user-friendly cards in the market one can opt for. It has a robust reward point system and offers significant lifestyle benefits like dining discounts and fuel surcharge waiver. This card is best suited for people who are searching for a lifetime free credit card with no joining fee and want reward points on every spend. You won’t regret buying this smart and value-for-money credit card. Another card you must check is the ICICI Bank Coral Credit Card, which offers additional benefits and rewards.
This was the ICICI Bank Platinum Chip Credit Card review from our side. Let us know your views on this card in the comment section below!
Pros and Cons
| Pros | Cons |
|---|---|
| No annual fee | No lounge access |
| Attractive reward points on everyday spends | High foreign transaction fee |
| Dining discounts and fuel surcharge waiver |
Similar Cards to ICICI Bank Platinum Chip
| Feature | ICICI Bank Platinum Chip Credit Card | HDFC MoneyBack Credit Card | SBI SimplyCLICK Credit Card | Axis Bank Neo Credit Card |
|---|---|---|---|---|
| Annual Fee | Nil | ₹500 + GST | ₹499 + GST | ₹250 + GST |
| Lounge Access | No lounge access | No lounge access | No lounge access | No lounge access |
| Reward Rate | 2 Reward Points per ₹100 spent | 2 Reward Points per ₹150 spent | 10x Reward Points on online spends | 2 Reward Points per ₹200 spent |
| Reward Value | 1 point = ₹0.25 | 1 point = ₹0.25 | 1 point = ₹0.25 | 1 point = ₹0.20 |
| Special Benefits | Dining discounts, fuel surcharge waiver | Cashback on online spends | Online shopping rewards | Discounts on movie tickets and travel bookings |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Credit Cards for Beginners in India
- Best Lifetime Free Credit Cards in India
- How to Maximize Credit Card Rewards
- ICICI Bank Credit Cards
For more detailed information about ICICI Bank credit cards and other financial products, you can visit the official ICICI Bank website.
FAQ
Q: What is the annual fee for the ICICI Bank Platinum Chip Credit Card?
A: There is no annual fee for the ICICI Bank Platinum Chip Credit Card.
Q: How can I earn reward points with the ICICI Bank Platinum Chip Credit Card?
A: You can earn 2 Reward Points per ₹100 spent on both online and offline transactions.
Q: How can I redeem the reward points earned with the ICICI Bank Platinum Chip Credit Card?
A: Reward Points can be redeemed for shopping vouchers, travel bookings, and gift vouchers through the bank’s rewards portal.
Q: Does the ICICI Bank Platinum Chip Credit Card offer any special benefits for dining?
A: Yes, the card provides up to 15% discount at over 2,500 partner restaurants across India through the Culinary Treats program.
Q: What milestone benefits are available with the ICICI Bank Platinum Chip Credit Card?
A: You can earn 5,000 Reward Points upon spending ₹1 Lakh annually.
Q: Is the ICICI Bank Platinum Chip Credit Card worth it for beginners?
A: Absolutely. With no annual fee, attractive rewards on everyday spends, and various lifestyle benefits, this card offers great value for beginners.
