ICICI Bank Platinum Chip Credit Card: Review, Features, and Benefits

In the fast pacing digital world

It has become more important to have a credit card that is there for shopping, dining or traveling – or all of them. Of the many options out there, the ICICI Bank Platinum Chip Credit Card emerges as an excellent option for those who would like a dependable no-frills card with an effective rewards program, no joining and renewal fees and an emphasis on security. A card that is tailor-made for the consumer's everyday requirements and exceeded their expectations, offered by stalwarts in banking, ICICI Bank.

In this blog post

We will mention some of the features, advantages and other important considerations of the ICICI Bank Platinum Chip Credit Card, to help you decide if this is the right credit card for you.

What is ICICI Bank Platinum Chip Credit Card?

The ICICI Bank Platinum Chip Credit Card is a high-end, entry-level credit card with an enticing suite of benefits to match without getting bogged down by complicated fee schedules or unmanageable eligibility criteria that are typically the domain of more exclusive credit cards. This card is brought to you by ICICI Bank, one of the most reputed private-sector banks of the country and offers a wide range of benefits to cater to the needs of the customers who wish to enjoy the perks of rewards, safety and convenience.

With no annual fee combined with the first year waived and the second at least potentially waived, the card combines relatively low cost access to credit with valuable perks.

ICICI Bank Platinum Chip Credit Card: Features you will Like

Now, let’s check out what are the main talking points we’ll discuss in this credit card:

Zero Joining and Renewal Fees

The ICICI Bank Platinum Chip Credit Card offers zero joining and zero renewal fee, one of the key drivers on the card. Which makes it the perfect card for someone who doesn’t care for the credit card run around and just wants a no fuss card with no fees. Even now, the card itself is free as long as the holder continues to make a certain amount of purchases each year.

Reward Points

This credit card gives 2 PAYBACK Points per ₹100 spent on non-fuel retail purchases. PAYBACK Points Turn your shopping into rewards Each time you swipe your card, you'll earn PAYBACK Points for shopping with us, and they can be exchanged for a variety of items or even a service that you want to purchase, like gift vouchers, air miles, goods and even movie tickets. PAYBACK Points can also be redeemed at the aforesaid partner sites or for online shopping. The ICICI Bank Platinum Chip Credit Card has a range of fabulous redemption options to give you true value for your rupee.

ICICI Bank Platinum Chip Credit Card Features and Benefits

icici bank platinum chip credit card features

There is much more to enhance the credit card, you occupying and its bonus points, discounts or huge discounts in your search for shopping or travel or food commodity Offers. Here’s what represents the value in this card:

Dining Discounts

One of the highlight features is Dining Offers on ICICI Bank Platinum Chip Credit Card. Under the culniary treats program, over 2,500 premium restaurants in 12 major cities of India will allow cardholders to get a discount of upto 15%. Whether you’re dining with friends or family your dining experience will be affordable for all!

Fuel Surcharge Waiver

Fuel surcharge too can become significantly heavy on your pocket but not when you are a lucky card holder of the ICICI Bank Platinum Chip Credit Card as you get 1% fuel surcharge waiver on fuel purchase between ₹400 and ₹4,000 at all petrol stations. For those who find themselves gassing up their car all the time, this benefit is awesome, since you’ll get to save on every fuel purchase.

Shopping Perks

This card also provides shopping rewards, i.e. you get rewarded for spending. You are purchasing clothes, electronics, groceries or anything else, you can earn 2 PAYBACK Points on every ₹100 spent. Reward points earned through this credit card can be spent in online shopping, on travel and for purchasing a number of items through the PAYBACK program.

Insurance Coverage

Purchase Protection and Credit Shield: With the ICICI Bank Platinum Chip Credit Card you are financially covered against loss from theft or accidental damage of any products purchased using the card. This is an added bonus which will give you peace of mind that your card includes purchase and event coverage. Furthermore, this card comes with a credit shield to pay off your dues in case the cardholder dies an untimely death.

International Usage

You can use the ICICI Bank Platinum Chip Credit Card at over 9 lakh merchant establishments in India, and over 29 million merchants all across the globe, in addition to internet transactions at millions of e-commerce websites. On top of that, the card offers you security, thanks to its chip & PIN feature, which gives you greater protection against fraud or your card being cloned abroad.

Cash Advance Facility

This card also has cash advance feature that allows a cardholder to get emergency or immediate cash through ATMs. This service does have certain fees, but it's a great emergency option when you need cash in hand asap.

How Does the ICICI Bank Platinum Chip Credit Card Compare to Other Cards?

The ICICI Bank Platinum Chip Credit Card is a good option for those applying for their first credit card and for individuals in the market for a hassle-free credit card, you’ll have to put things into perspective and see how it stacks up against other cards in the segment. “Amidst premium cards from ICICI, SBI and HDFC, the ICICI Bank Platinum Chip Credit Card stands strong with a nominal charge, satisfactory offers and straightforward reward system.”

Premium cards might provide better reward rates, luxury lounge access and global concierge services but the ICICI Bank Platinum Chip Credit Card is solid choice for someone who doesn’t want to pay a huge annual fee for the benefits. Plus, it's one of the only no-fee cards offering no joining or renewal fee, providing a low-cost option to some of the more premium cards.

ICICI Bank Platinum Chip Credit Card Eligibility Criteria

ICICI Bank Platinum Chip Credit Card is offered to those meeting the income requirement, credit score, and other eligibility criteria. Here are the key requirements to qualify:

• Age: Candidate should be between 23 to 60 years.
  
  
• Income: You should receive an annual income of at least ₹2.5 lakh (for salaried) or ₹7.5 lakh (for self-employed).
  
  
• Nationality: Candidate must be a citizen of India.
  
  

How Can You Make the Most of the ICICI Bank Platinum Chip Credit Card?

Here are a few pointers to help you make the most of your ICICI Bank Platinum Chip Credit Card:

Get More Reward Points

When you use your card for everyday expenditure, such as groceries, utilities and dining, to earn reward points, you get double the points. Redeem points for gift vouchers or travel bookings to maximise value.

Dining Deals

Utilize the Culinary Treats Program to get restaurant discounts. This is especially good if you often eat at upscale dining establishments.

Waiver

Enjoy waiver on your fuel surcharge (Currently 1%) every time you purchase fuel from any petrol pump across the country, you will get back 1% as cash back.

Stay Safe

Finally, when you’re paying for something abroad, always use your chip and PIN to add extra safety when making a transaction.

Final Thoughts

The ICICI Bank Platinum Chip Credit Card is a no-frills credit card for customers who desire to have the convenience of a credit card without the hassles of the more expensive ones. With no application fee or annual fee for the first year, and good rewards and benefits, this card offers strong value for customers who want to build their credit while gaining access to the fun of dining, shopping and travel rewards.

The ICICI Bank Platinum Chip Credit Card is a great option if you’re a first-time card owner or an occasional budget spender who still wants the benefits of rewards and lifestyle incentives. Because of its low fees, points system, and insured purchases it’s the best middle ground between value and convenience.