Card Image
ICICI Platinum Chip
Annual Fee
₹199
Rewards/₹100 ⓘ
₹0.25
Normalized to balance base rate with bonus categories
Interest Rate
41.04%
Credit Score
680+
At a Glance
Key Benefits
Reward points
Lounge Access
No lounge access
Eligibility
Any income level, CIBIL: 680+
Quick Details
Annual Fee
₹199
#59
Joining Fee
FREE
#1
Interest Rate
41.04% p.a.
#80
Forex Markup
3.50%
#75
Rewards/₹100
₹0.25
#276
Reward Type Reward Points
Reward Currency Points
Min Credit Score
680+
#38
Min Monthly Income ₹NaN
Network VISA
Late Payment Fee 15.00% (min ₹100)
Over Limit Fee ₹600
Cash Advance Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.25 /₹100
Reward Calculator
₹
Allocate by Category100%
Your Rewards
Points Earned500
Cash Value₹125
Breakdown
Other Spends500
Total Value₹125
Quick amounts:
Milestone Benefits
Renewal Benefit
Annual fee waiver on Rs. 50000 annual spend
Spend ₹50,000 within 365 days
₹199
value
Insurance Coverage
Lost Card
₹0
Zero liability for lost card transactions when reported within 3 days of loss/theft.
Fraud
₹0
Zero liability for unauthorized transactions when reported immediately to the bank.
Quick Analysis
A basic entry-level card for first-time credit card users.
Pros
- Very low/no joining fee, easy approval, fuel surcharge waiver
Cons
- Basic reward rate, no premium benefits
Best For
Entry-level card, credit building, low fee
Not Ideal For
Very basic rewards and benefits
Frequently Asked Questions
What is the annual fee for ICICI Platinum Chip?
The annual fee is Rs. 199. The fee can be waived on spending Rs. 50000 annually.
What are the eligibility requirements for ICICI Platinum Chip?
A good credit score of 680+ is recommended. Income requirements vary based on your relationship with the bank.
Does ICICI Platinum Chip offer lounge access?
This card does not include complimentary lounge access as a primary benefit.
What rewards does ICICI Platinum Chip offer?
The card offers reward value ranging from 0.50% to 0.50% depending on spend categories.
What is the forex markup on international transactions?
The forex markup is 3.50% on international transactions.
Which payment network does ICICI Platinum Chip use?
The card is issued on the Visa network.
User Reviews
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