ICICI Bank Platinum Chip Credit Card

For people looking to establish credit and who desire a lifetime free credit card, the ICICI Platinum Chip Credit Card is a wonderful choice. The card provides a number of advantages, including reward points, a dining discount, the waiver of fuel surcharges, and more. To provide its consumers with a hassle-free and simple to use credit card, ICICI Bank launched the Platinum Chip Credit Card. You will be protected against fraud by using this credit card, which contains a security chip. An additional layer of security is also included with these new chip cards. A Personal Identification Number (PIN) is used for this.

The ICICI Platinum Chip Credit Card is a fantastic option for anyone trying to build credit and who want a lifetime free credit card. Rewards points, a meal discount, the elimination of fuel surcharges, and other benefits are among the benefits offered by the card. ICICI Bank introduced the Platinum Chip Credit Card to give its customers a hassle-free and user-friendly credit card. Using this credit card, which has a security chip, will protect you from fraud. These new chip cards give an additional level of security.

The ICICI Bank Platinum Chip Credit Card is a straightforward and useful credit card that they offer. This card makes a statement with the numerous offers and schemes it provides for the owner. But the truth is that managing it is similarly simple. This is what distinguishes it from other items in the same market and makes it more competitive. Because this card uses an integrated chip to process payments, the security of your money and personal information is guaranteed. So there is no chance of fraud!

Fees And Charges Of ICICI Bank Platinum Chip Credit Card Limit

You must be aware of the associated fees and charges if you intend to apply for this credit card from ICICI Bank. You can find all the information you need about this right here.

Particulars	Fees
Joining fee	Nil
Annual fee	Nil
Finance charges	3.40% of the month, or 40.80% of the year
Cash advance fees	3.40% of the month or 40.80% of the year
Foreign currency conversion charges	3.5%
Card replacement charges	₹100
Over-limit fee	2.5% of the amount that exceeds the limit (subject to a minimum of 550)

Late Payment Charges

Statement Balance	Late Fee
Less than ₹100	Nil
Between ₹100 and ₹500	₹100
Between ₹501 and ₹5,000	₹500
Between ₹5,001 and ₹10,000	₹750
Between ₹10,001 and ₹25,000	₹900
Between ₹25,001 and ₹50,000	₹1,000
Above ₹50,000	₹1,200

Features And Benefits Of ICICI Bank Platinum Chip Credit Card

The ICICI Platinum Chip Credit Card offers benefits like dining discounts and fuel surcharge waivers in addition to the ability to earn reward points on regular transactions. The ICICI Bank Platinum Chip Credit Card offers the following advantages:

Welcome Benefits

• With the ICICI Bank Platinum Chip Credit Card, you can accrue PAYBACK Points for each purchase you make. The biggest rewards programme in India is PAYBACK, which has proven itself. You can obtain a variety of alluring rewards from all of your spending by using the ICICI credit card reward points.
• You can earn extra points from PAYBACK Partner Brands on top of the PAYBACK Points you receive every time you use your ICICI Bank Platinum Chip Credit Card.
• There are numerous ways to use these PAYBACK Points. These include gift cards for vacation, household goods, cinema tickets, appliances, mobile phones, and many other items.

Spending Benefits

• For all retail purchases other than petrol, you will receive 2 PAYBACK Points for every Rs. 100 you spend.
• Every time you make a transaction for Rs. 100 or more in the insurance and utility categories, you will earn 1 PAYBACK Point.

Fuel Benefits

• Get 1% off of all fuel purchases up to Rs 4,000 at all HPCL pumps when using an ICICI Bank Platinum Chip Credit Card on any ICICI Merchant Services terminal.

Dining Benefits

• With the ICICI Bank Culinary Treats scheme, you may save about 15% on meals at more than 2,500 establishments. These are dispersed over 12 Indian cities.

Special Benefits For Visa And MasterCard Holders

• Holders of this credit card can take advantage of Visa’s Platinum advantages on a variety of purchases, including dining, shopping, lodging, and travel. Owners of Mastercards are eligible to participate in the premium Mastercard Priceless Specials programme.

Reward Program

On qualifying purchases, you may reward points in the amount of up to two in the following ways:

• Rs. 100 rupees spent on utilities and insurance equals one reward point.
• Spending Rs. 100 on retail purchases earns you 2 reward points (excluding petrol).

Rewards Redemption

• By calling 080-40146444 to redeem earned Rewards for cashback, or by calling 1860-258-5000 to redeem them for presents, are the numbers to use.
• 1 reward point is equal to 0.25 rupees.
• For each request to redeem a reward, the ICICI bank levies a cost of Rs. 99.

ICICI Bank Platinum Chip Credit Card Limit

The bank will determine the credit limit for your ICICI Bank Platinum Chip Credit Card. Banks consider a wide range of factors when deciding a credit card’s limit. Your credit score and report are among the important variables. The credit utilization percentage and your historical repayment history are two more indicators that banks consider.

ICICI Bank Platinum Chip Credit Card Eligibility And Documentation

The following are the basic requirements that applicants must meet in order to be authorized for the ICICI Platinum Chip Credit Card. The bank, however, might also have some internal standards:

• The primary applicant must be older than 21.
• The add-on applicant’s age must be more than 18.
• The candidate ought to be supported financially.
• The applicant must to have a respectable credit rating.

Documents Required

The following documents must be submitted with an application for an ICICI Bank Platinum Chip card:

• Two passport-size pictures and national identification cards with signatures
• Ration cards, power bills, and other forms of proof of address, such as PAN cards, Form 16s, and Income Tax Returns Statements, may be presented.
• Proof of income, job, or business information
• Last three months’ worth of pay stubs.

Terms And Conditions

• The following are the terms and conditions for the ICICI Bank Platinum Chip Credit Card:
  Over limit fees: ICICI bank levies a 2.50% fee (minimum of 500 rupees) on the amount that exceeds the limit. Therefore, you must pay this if you go above the card’s permitted limit.
  Grace Time: The bank permits an interest-free grace period of 18 to 48 days.
• Credit and Withdrawal Limits: These limits are discussed with the cardholder when the card is handed over and are also listed on monthly bills.

Should You Get ICICI Bank Platinum Chip Credit Card?

An entry-level credit card with no annual or joining fees is the ICICI Platinum Chip Credit Card. Because it gives more reward points for retail purchases, it is a basic credit card that is perfect for you if you wish to earn points for your retail purchases. Additionally, this credit card offers a 1% fuel cost waiver, much like other basic credit cards.

However, the card does not provide many benefits other from prizes. Aside from that, there are other reward credit cards on the market with significantly higher rewards rates. In conclusion, you can apply for this credit card if you want to start building your credit and are new to it because of its flexible qualifying requirements.

How To Apply For The ICICI Bank Platinum Chip Credit Card?

Depending on your comfort level, you can apply for the Platinum Chip Credit Card both online and offline. Simply fill out the paper application form at your nearby bank to submit an offline application. Make sure you have all the paperwork you require with you. If you want to submit an application online, you can do so by following these few easy steps:

• Visit the ICICI Bank website.
• Click “credit Cards” under the “cards” section.
• At the very top of your screen, you’ll see a link to the Platinum Chip Credit Card.
• Simply select “get the card online.”
• Complete the online application form, then continue as necessary.

ICICI Bank Platinum Chip Credit Card Application Status

Any of the options listed below can be used to verify the status of your application if you’ve already submitted one for the Platinum Chip Credit Card:
– Visit the ICICI Bank’s online application monitoring website, fill out the necessary information, and quickly find out the progress of your application.
– Inquire about the status of your credit card application by contacting the ICICI Bank credit card customer service. Ask the bank staff about it when you visit the ICICI branch that is closest to you.

Other Similar Credit Cards

The following table lists a few credit cards with perks comparable to those offered by this one:

Credit Card	Annual Fee	Key Feature
HDFC Moneyback Credit Card	Rs. 500	For every Rs. 150 spent, you earn 2 reward points.
Standard Chartered Platinum Rewards Credit Card	Rs. 250	Every Rs. 150 spent on eating and petrol earns you 5 reward points
HSBC Smart Value Credit Card	Nil	Spend Rs. 100 and receive up to 3 reward points from a selection of categories
Amazon Pay Amazon Pay Credit Card	Nil	On all Amazon purchases, get up to 5% cashback*
Flipkart Axis Bank Credit Card	Rs. 500	5% cashback on Myntra and Flipkart

ICICI Bank Credit Card Customer Care Number for Platinum Chip Card

For assistance with your inquiries, ICICI Bank provides a helpful Customer Care service. The ICICI Customer Care team can be reached by:

• The ICICI Bank’s official website has a “Complaint Form,” and its toll-free hotline is 1800-102-4242 from 9 am to 6 pm, Monday through Friday.
• Or send a letter to the Nodal Officer at the address provided on the ICICI bank website.
• Additionally, for more details on the PAYBACK points call 1860-258-5000, send an email to membercare@payback.in, or visit the PAYBACK website.
• To contact the bank, write to the following address:
  The ICICI Bank Group,
  ICICI Phone Banking Centre,
  7th floor, ICICI Bank Tower,
  Plot No. 12, Nanakramguda,
  Serilingampally, Survey No. 115/27
  500032 Hyderabad

Comparison Between ICICI Bank Coral Credit Card & ICICI Bank Platinum Chip Credit Card

Benefits	ICICI Bank Coral Credit Card	ICICI Bank Platinum Chip Credit Card
Annual Fee	Rs. 500	Nil
Rewards Rate	For every Rs. 100 spent in retail purchases, you receive 2 reward points. For every Rs. 100 spent on utilities and insurance, one reward point is earned. For every Rs. 100 spent online using the AmEx option, 4 reward points are earned.	For every Rs. 100 spent in retail purchases, you receive 2 reward points. For every Rs. 100 spent on utilities and insurance, one reward point is earned.
Reward Redemption	1 Reward Point is equal to 0.25 Re when used to purchase gifts and cashback, among other things	For use in exchange for gifts and cashback, 1 reward point is equal to 0.25 rupees.
Additional Benefits	Get 1,000 additional reward points each time you spend Rs. 1 lakh throughout a calendar year. Every quarter, one free domestic lounge visit. Access to one complimentary train lounge each quarter. 25% off of movie tickets on Inox and BookMyShow. If you spent Rs. 1.5 lakh or more in the previous year, the annual charge is waived.	Dine at one of the many participating restaurants and get up to 15% off.

Flipkart Axis Vs. ICICI Platinum Bank Chip Credit Card

Basis of Difference	Flipkart Axis Credit Card	ICICI Bank Platinum Chip Credit Card
Welcome Offer	Up to Rs. 3300 in welcome and activation bonuses are available with this card. You will get a 500 rupee Flipkart voucher after using this card for the first time to make a purchase.	On this credit card, there is no Welcome Offer available.
Cashback and Discount Offer	This card offers 5% Cashback on Flipkart and 2GUD. Receive a 4% Cashback on the Cure. fit Earn 4% Cashback on UrbanClap, Goibibo, PVR, Uber, and Ubereats. Receive 1.5% Cashback on all other categories. Get 5% Cashback when you shop on Myntra. Get 4% cashback when you book a trip on MakeMyTrip.	Receive 2 Payback Points for every Rs. 100 spent in retail. Any HPCL Fuel Stations accept 2000 PAYBACK Points, valued at Rs. 500
Dining Offers	This credit card doesn’t have any dining promotions.	A 15% discount is available on dining as part of the culinary treat programme.
Free Airport Lounge Access	You will receive four complimentary passes to Indian domestic airport lounges.	You cannot use this ICICI Bank credit card to gain free access to airport lounges.
Fuel Surcharge Waiver	With this Axis Bank credit card, there is no fuel surcharge waiver or cashback on fuel purchases.	Take advantage of a 1% fuel surcharge waiver on fuel purchases.

Comparison of Fees and Other Charges of these Cards

Fees and Charges	Axis Flipkart Card	ICICI Bank Platinum Chip Credit Card
Joining Fees	₹500	NIL
Renewal Fees	₹500	NIL
Waiving Off Criteria	Spend Rs. 2 Lac or more annually to avoid renewal costs.	No Waiving off Requirements
Add-on Card Fees	NIL	NIL
Finance Charges	3.4% monthly	3.4% monthly
Cash Advance Fees	A minimum of Rs. 500 with a 2.5% of the amount	A minimum of Rs. 300 with a 2.5% of the amount
Late Payment Charges	NIL up to a maximum of 100. 100 for sums ranging from 101 to 300. 300 for amounts ranging from 301 to 1000. Rs. 500 for sums between Rs.1001 and Rs. 5,000. – 600 for sums between 5001 and 100000. 700 for sums more than Rs. 100,000.	NIL in cases when the total amount owed is less than 100. 100 if the total amount owed is within the range of 100 and 500. Rs. 500 if the balance owed is between Rs. 1,001 and Rs. 1,500. – 750 if the total amount owed exceeds 10,000.

Eligibility Criteria for Both the Credit Cards

Criteria	Axis Flipkart Card	ICICI Platinum Bank Chip Credit Card
Minimum Age of the Applicant	18 Years	23 Years
Maximum Age of the Applicant	70 Years	60 Years
Cibil Score of the Applicant	750 and Above	750 and Above
Citizenship Status of the Applicant	Must be an Indian citizen	Must be an Indian citizen

HDFC Millennia Credit Card Vs. ICICI Bank Platinum Chip Credit Card

Features	HDFC Millennia	ICICI Platinum Chip
Joining Fees	Rs.1000 + taxes	NIL
Renewal Fees / Annual Fees	Taxes of Rs. 5000 + are applicable, but they can be avoided if you spent Rs. 1 lakh the previous year.	NIL
Add-On Card Charges	Free Forever	Free
Interest Charges	3.49% monthly	3.40% monthly
Late Payment Charges	Less than 100 rupees: NilRs. 100 to 500 rupees: Rs. 100Rs. 501 to 5,000 rupees: Rs. 500Rs. 5,000 to 10,000 rupees: Rs. 600Rs. 10,000 to 25,000 rupees: Rs. 800Rs. 25,001 to 50,000 rupees: Rs. 1100between Rs. 50,000 and Rs. 1300	Less than 100 Rupees Between Rs. 100 and Rs. 500 equals Rs. 100Between Rs.501 and Rs.10,000, equals Rs. Over Rs. 10,000, you get Rs. 750.
Age Eligibility	Minimum age: 21; maximum age: 60	minimum age of 23
Minimum Income Eligibility	Salary of Rs.25,000 per month LPA of Rs. 6 for self-employed	Rs.15,000 monthly

Reward Program

HDFC Millennia	ICICI Bank Platinum Chip
You receive 5% cashback when you shop at Amazon, Flipkart, and when you use PayZapp and SmartBuy. Receive 1% cashback and 2.5% cashback on all online purchases.	For every Rs. 100 spent on retail purchases (excluding gasoline purchases), customers receive 2 Payback points.- 1 Payback point for every Rs. 100 spent on insurance and utilities bills.

Additional Benefits And Features

HDFC Millennia

ICICI Bank Platinum Chip

1. 8 Free domestic lounge access for the duration of the year 2. There would be no 1% fuel surcharge at any petrol stations in India 3. During the first year, receive gift certificates of Rs. 1000 on purchases of Rs. 100,000 and more during each calendar quarter. 4. A 1000-point welcome bonus for cashback 5. If you spend more than Rs. 30,000 in the first 90 days, the first year of membership is free. 6. Contactless Payment Capable on Card

1. A contactless card with a chip adds an extra layer of protection. 2. At HPCL Petrol Pumps, there is a 1% fuel cost rebate on fuel purchases of Rs.4000 and more. 3. The ICICI Bank Culinary Treats initiative offers 15% off food bills at more than 2500 establishments. 4. For assistance with card loss and emergency cards, Visa card types offer a Global Emergency Assistance Service.

Conclusion

For those seeking for an economical credit card with the most savings potential, the ICICI Platinum Chip credit card is a fantastic option. A significant benefit of the card is that it offers exclusive dining discounts in addition to Reward Points on all of your purchases. It also exempts you from an additional gasoline cost at HPCL pumps. Therefore, many people desire a card with such a low annual price and access to such fantastic features. If this describes you, you must apply for the ICICI Bank Platinum Chip Credit Card.

FAQs

Read More

ICICI Bank Coral Credit Card	Axis Bank FreeCharge credit card
SBI Aurum Credit Card	SBI Card Pulse
HDFC MoneyBack Credit Card	Axis Bank Magnus Credit Card
Airtel Axis Bank Credit Card	IDFC First Wealth Credit Card
Paytm SBI Credit Card	SBI Elite Credit Card