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ICICI Bank Instant Platinum Credit Card
A fixed-deposit-secured card with no income proof or credit history requirement, making it one of the most accessible ways to get approved for a credit card in India — a practical tool for students, first jobbers, or anyone rebuilding credit. The trade-off is a minimal reward rate and a credit limit hard-capped at up to 90% of the linked FD, so it's a credit-building tool rather than a rewards card.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.5% base rate
Benefits by category
- 🧾 Utilities
0.25% reward rate
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹400–₹4,000
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: salaried, self-employed
- Age: 18–60
Fees & charges
- Rewards redemption fee: Free for redemption as statement credit or ICICI's own reward catalogue vouchers; ₹99 + GST per redemption request for select third-party gift/merchandise catalogue items
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹400–₹4,000
- Cash advance charges: Not applicable in the usual sense — the card is secured against a fixed deposit, but standard ICICI cash withdrawal charges of 2.5% or ₹500 (whichever is higher) still apply
Benefits
- Credit limit set at up to 90% of a linked fixed deposit (minimum ₹50,000 FD, 180-day tenure, auto-renewal)
- 1% fuel surcharge waiver on transactions between ₹400–₹4,000
Pros
- + No income proof or credit history needed — approval backed by an FD
- + Zero joining/annual fee, ever
- + Good first card for building a credit history from scratch
- + Accessible to applicants as young as 18
Cons
- − Requires locking a minimum ₹50,000 FD for at least 180 days
- − Very thin 0.5% reward rate on general spend
- − Credit limit is capped by the FD amount, not actual spending capacity