ICICI Bank Platinum Credit Card

Name: ICICI Bank Platinum Credit Card
Brand: ICICI
Availability: InStock
Rating: 2 (1 reviews)

Overview

The ICICI Bank Platinum Credit Card sits at the entry level of ICICI’s credit card range, targeting first-time cardholders and low spenders who want a simple rewards card without any fees. With zero joining and annual fees for life, there are no spend thresholds to meet or conditions to fulfill. The card earns 2 reward points per ₹100 on retail purchases and 1 point on utility payments, a structure that requires no mental gymnastics to understand.Fuel users who refuel at HPCL stations get a 1% surcharge waiver on transactions between ₹400 and ₹4,000. This applies to both primary and supplementary cardholders. The iShop portal multiplies reward earnings to 6x or 12x at select online merchants, adding occasional value beyond the base earn rate. Points can be redeemed for shopping vouchers, electronics, fashion, travel products, and more through the ICICI Rewards portal.Where this card falls short is in the features it lacks. There is no airport or railway lounge access, no welcome vouchers, no milestone rewards, no concierge service, and no travel insurance. The 3.5% foreign currency markup is standard for this tier but offers no compensating international benefits. If you spend more than ₹20,000 per month regularly, upgrading to the Coral or Rubyx tier unlocks significantly more value for the incremental cost.This card is best suited for salaried or self-employed individuals earning ₹20,000 per month who want their first credit card to build a repayment history. The fully digital application process requires no physical documents. If you outgrow its basic features, ICICI Bank typically offers upgrades to higher-tier cards based on your spending pattern and payment behaviour.

Pros

↑Zero lifetime fees with no conditions to meet, unlike most cards that require annual spend thresholds to waive their fees
↑Low ₹20,000 monthly income requirement makes it accessible to first-time cardholders and those starting their credit journey
↑1% fuel surcharge waiver at HPCL pumps saves money on regular refueling, and applies to supplementary cardholders too

Cons

↓No airport lounge access, no welcome offer, and no milestone rewards, benefits that even some other free cards now include
↓Fuel surcharge waiver is limited to HPCL pumps only, while competing free cards offer the waiver at all fuel stations
↓3.5% forex markup with no international benefits makes this a poor choice for overseas spending or travel

Key Highlights

Welcome Offer
Lifetime free, no joining fee
No joining fee
No annual fee
No welcome vouchers or sign-up bonuses
Zero-cost card from day one

Reward Rate
2 points per ₹100 retail
Retail: 2 points per ₹100
Utility & Insurance: 1 point per ₹100
Fuel: no points
iShop: 6x to 12x points

Minimum Salary
₹20,000/month
Salaried: ₹20,000/month
Self-employed: ₹20,000/month
Age: 21 to 65 years
Indian citizen

Joining Fee
Nil (Lifetime Free)
Joining fee: Nil
No conditions or spend thresholds
Truly lifetime free card

Annual Fee
Nil (Lifetime Free)
Annual fee: Nil
No conditions or spend thresholds
Truly lifetime free card

Why Choose?
1% fuel surcharge waiver at HPCL
1% waiver on ₹400 to ₹4,000 fuel transactions
HPCL pumps only
Applies to primary and supplementary cardholders

Key Benefits

Fuel

★3.0

▼

1% surcharge waiver on ₹400 to ₹4,000 transactions
HPCL pumps only (not all fuel stations)
Primary and supplementary cardholders
No reward points on fuel

Reward Points

★2.0

▼

Retail: 2 points per ₹100
Utility & Insurance: 1 point per ₹100
6x to 12x points on iShop purchases
Redeem via ICICI Bank Rewards portal

Shopping

★2.0

▼

6x to 12x reward points on iShop portal at select merchants
2 reward points per ₹100 on retail purchases
Redeem for vouchers, electronics, fashion, and more

Merchant Offers

▼

6x to 12x reward points on iShop portal

Liability Protection

▼

Chip and PIN security against counterfeiting
Zero liability on fraudulent transactions when reported promptly

Emi

▼

EMI conversion on purchases above ₹2,500

Detailed Information

Joining Fee	No joining fee
Annual Fee	No annual fee
Annual Fee Waiver	Not applicable (lifetime free)
Monthly Percentage Rate	3.75%
Annual Percentage Rate	45%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	3.5%
Late Payment Charges	₹100 to ₹1,300 based on outstanding
Overlimit Charges	2.5% of overlimit amount
Cash Advance Fee	2.5% of amount (min ₹500)
Balance Transfer Fee	2% of transferred amount (min ₹250)
Fee For Supplementary Card	Nil
Card Replacement Fee	₹100 to ₹200
Fee For Duplicate Statement	₹50 per statement
Fee For Cheque Bounce	₹500

Age Requirement Salaried	21-65 years
Age Requirement Self Employed	21-65 years
Minimum Annual Income Salaried	₹2.4 lakh (₹20,000/month)
Minimum Annual Income Self Employed	₹2.4 lakh (₹20,000/month)
Minimum Credit Score	750+

Identity Proof	PAN Card (mandatory) Aadhaar Card Passport Voter ID
Address Proof	Aadhaar Card Passport Utility Bill (recent) Bank Statement
Income Proof Salaried	Latest 3 months salary slips Latest 3 months bank statement Form 16 or ITR
Income Proof Self Employed	Latest 2 years ITR Latest 6 months bank statement Business proof documents

Frequently Asked Questions

The ICICI Bank Platinum Credit Card has no joining fee. It is a lifetime free card with no conditions or spend thresholds required to maintain the zero-fee status.

No. The card has no annual fee for life. Unlike most credit cards that require a minimum annual spend to waive fees, the Platinum Credit Card remains free regardless of how much or how little you spend.

The card earns 2 reward points per ₹100 on retail purchases and 1 point per ₹100 on utility and insurance payments. Fuel transactions do not earn any points. The iShop portal offe₹6x to 12x points at select online merchants.

You get a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at HPCL pumps across India. This applies to both the primary cardholder and any supplementary cardholders.

Salaried and self-employed applicants both need a minimum monthly income of ₹20,000 (₹2.4 lakh per year). You must be an Indian citizen aged 21 to 65 years. This is one of the lowest income thresholds among ICICI Bank credit cards.

Apply through the ICICI Bank website or the iMobile app. The process is fully digital with no physical documents required. You need a PAN card and Aadhaar for digital KYC. Existing ICICI Bank customers may find a pre-approved offer in their iMobile app or internet banking.

No. The Platinum Credit Card does not include any airport lounge access, either domestic or international. If lounge access is important, consider upgrading to the ICICI Bank Rubyx or Sapphiro cards, which include domestic lounge visits.

The card is primarily available on the Visa network. Reward points, fuel surcharge waiver, and all other benefits remain the same regardless of network variant.

The finance charge is 3.75% per month (45% per year). This applies to any outstanding balance carried past the payment due date. Paying the full statement balance by the due date avoids interest charges entirely.

Yes, any purchase above ₹2,500 can be converted to EMI through the iMobile app or internet banking. Tenure options and interest rates depend on the transaction amount and your account standing. EMI conversions do not earn reward points.

Points can be redeemed through the ICICI Bank Rewards portal for shopping vouchers, electronics, home appliances, fashion, health and beauty products, and travel items. Redemption is also available through the iMobile app.

Fuel transactions earn zero points. Cash advances, EMI conversions, balance transfers, fee payments, and penalty charges are also excluded. Utility and insurance payments earn at a reduced rate of 1 point per ₹100 instead of the standard 2 points on retail.

No. The card does not include welcome vouchers or any sign-up bonuses. The value proposition is the lifetime zero-fee structure rather than upfront benefits.

Shopping through the ICICI iShop portal earns 6x to 12x reward points at select merchants. This multiplied earn rate applies on top of the portal's own deals, making it the best way to maximize reward value from this card.

The foreign currency markup is 3.5% on all international transactions. There are no compensating international benefits like global lounge access or boosted international reward rates, so this card is not ideal for overseas spending.

Yes, supplementary cards (called ICICI Bank Plus Cards) are available for family members at no cost. The supplementary cardholder shares the fuel surcharge waiver benefit, and their transactions earn points that accumulate in the primary cardholder's account.

Late fees range from ₹100 to ₹1,300 depending on your total outstanding amount. These apply when you do not pay at least the minimum amount due by the statement due date.

The application is fully digital. You need a PAN card (mandatory), Aadhaar for e-KYC, and income proof such as salary slips for salaried applicants or ITR for self-employed applicants. No physical document submission is required.

An overlimit charge of 2.5% applies on the amount exceeding your approved credit limit. Transactions beyond the limit may also be declined depending on your payment history and account standing.

The minimum payment is 5% of the total outstanding balance or ₹200, whichever is higher. Paying only the minimum avoids late payment fees but triggers the 3.75% monthly finance charge on the remaining balance.

The card does not include any standalone insurance benefits such as air accident cover, personal accident cover, or purchase protection. For insurance benefits, higher-tier ICICI cards like the Rubyx or Sapphiro are better options.

Yes. The zero fees, low ₹20,000 monthly income requirement, and simple rewards structure make it an accessible first credit card. It helps build a credit history without the pressure of meeting spend thresholds for fee waivers.

Cash advances carry a fee of 2.5% of the withdrawn amount (minimum ₹500). Interest of 3.75% per month starts from the date of withdrawal with no interest-free period. Avoid using credit cards for cash withdrawals whenever possible.

No. There are no milestone rewards or spend-based bonuses on this card. The reward structure is limited to the standard earn rate of 2 points per ₹100 on retail and 1 point on utilities. For milestone rewards, consider the ICICI Bank Rubyx card which offe₹3,000 points at ₹3 lakh spend.

Call the ICICI Bank credit card helpline at 1800 1080 (toll-free). You can also manage your card, raise disputes, and track rewards through the iMobile app or ICICI Bank internet banking.