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ICICI Bank Platinum Chip Credit Card
ICICI's lifetime-free, no-frills entry card offering chip-and-PIN security and a flat 2 points per ₹100 on general retail spend — a straightforward first credit card for building credit history rather than chasing rewards.
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
- Travel: None
- Domestic lounge access: No lounge access
Benefits by category
- 🧾 Utilities
0.25% reward rate
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹400-₹4,000 at HPCL pumps
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
- Age: 21–65
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: 45% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at HPCL pumps on ₹400-₹4,000 transactions
- Cash advance charges: 2.5% of the transaction amount or ₹500, whichever is higher, plus applicable GST
Benefits
- 1% fuel surcharge waiver on transactions between ₹400-₹4,000 at HPCL pumps
Pros
- + Lifetime free — no joining or annual fee ever
- + Chip & PIN embedded security standard across the card
- + 2 points per ₹100 on retail spend (about 0.5% value), 1 point on utility and insurance
- + Accessible income requirement suited to first-time applicants
Cons
- − No lounge access at any spend level
- − Reward point value is modest (~₹0.25/point)
- − Very limited travel or premium lifestyle benefits