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ICICI Platinum Chip Credit Card

ICICI Platinum Chip Credit Card is a lifetime free card suited for everyday spending. It offers accelerated reward points on retail purchases along with dining discounts at partner restaurants. With no annual fee and simple benefits, it is a practical choice for users seeking basic rewards and savings.

ICICI Platinum Chip Credit Card

About ICICI Platinum Chip Credit Card

This lifetime-free credit card is designed for individuals starting their credit journey. With no joining or annual charges, it helps users build a credit history while earning reward points on regular spends, including utilities and insurance payments. The card offers accelerated rewards on retail purchases, making it useful for managing everyday expenses.

In addition to basic rewards, the card includes benefits such as a fuel surcharge waiver and dining discounts. However, it does not offer premium lifestyle perks or milestone-based rewards. While experienced users may look for cards with higher value-back, this card remains a safe, low-cost option for beginners seeking simplicity and steady credit growth.

Rewards Program

Earn points on every Rs. 100 spent with the Platinum Rewards Card:

  • 2 Points: For all retail purchases

  • 1 Point: For payments toward insurance and utilities

  • Monthly Limits: Points are capped for utility and insurance payments at Rs. 40,000 each, and grocery or departmental store spends at Rs. 20,000

  • Redemption Options: Accumulated points can be redeemed for lifestyle products, travel and entertainment vouchers, or other rewards available through the card’s reward portal

Other Features & Benefits

Along with reward points on all card spends, this Platinum Credit Card provides additional perks such as dining offers and fuel savings:

  • Dining Benefits: Enjoy exclusive discounts and offers at selected partner restaurants under the card’s dining program.

  • Fuel Savings: Get a 1% waiver on fuel surcharge for transactions between Rs. 400 and Rs. 4,000 at participating petrol stations.

ICICI Platinum Chip Credit Card: Fees & Charges

Fee TypeAmount
Joining/Annual Fee Nil
Finance Charges 3.75% per month (45% per annum)
Late Payment Charges
On outstanding balance of –
Less than Rs. 100Nil
Rs.100 to Rs.500Rs. 100
Rs. 501 to Rs. 1,000Rs. 500
Rs. 1,001 to Rs. 5,000Rs. 600
Rs.5,001 to Rs.10,000Rs. 750
Rs.10,001 to Rs.20,000Rs. 900
Rs.20,001 to Rs.50,000Rs. 1,100
Above Rs. 50,000Rs. 1,300

Things to Consider Before Applying

Who Should Apply:

  • Individuals new to credit seeking an easy-to-manage entry-level card to start building their credit history.

  • Those who prefer a simple rewards-based card rather than a cashback-focused card.

  • People looking for a credit card with no annual fees.

FAQs

How to Apply for the Platinum Chip Credit Card?

You can apply for this card either online or offline:

  • Online: Visit the bank’s official website and complete the application form, or use a trusted financial platform to submit your details.

  • Offline: Visit the nearest bank branch and apply directly with the assistance of a bank representative.

Yes. This is an entry-level card designed for individuals who are new to credit or do not yet have a credit score. It provides basic benefits without any annual fee, making it ideal for first-time credit users.

No. You can apply for this card even if you do not have an account with the bank. Existing account holders can also apply.

You can track your application in multiple ways:

  • Online: Visit the bank’s website and enter your application number.

  • Offline: Call the bank’s credit card customer care line and speak with a representative.

Cash withdrawals on this card attract:

  • A fee of 2.5% of the withdrawn amount (minimum Rs. 500 per transaction)

  • Interest at 3.75% per month (45% per annum) from the date of withdrawal until full repayment
    It is generally advisable to avoid using the card for cash advances due to these high charges.

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