Read our comprehensive ICICI Platinum Credit Card review to learn about its benefits, features, and fees. Find out whether it is suitable for you or not.
Introduction
ICICI Bank is one of India’s leading private sector banks that offers its customers a wide range of credit cards. One of its popular credit cards is the ICICI Platinum Credit Card, which offers several benefits, rewards, and privileges. This review will discuss the features, benefits, fees, and other essential details of the ICICI Platinum Credit Card.
Features and Benefits of ICICI Platinum Credit Card
Here are some of the key features and benefits of the ICICI Platinum Credit Card:
- Rewards Program: The ICICI Platinum Credit Card offers reward points on every transaction, which can be redeemed for various gifts and vouchers.
- Fuel Surcharge Waiver: Cardholders can enjoy a waiver on fuel surcharges at select petrol pumps in India.
- Dining Discounts: The ICICI Platinum Credit Card offers discounts on dining at select restaurants in India.
- Travel Benefits: Cardholders can enjoy travel-related benefits such as airport lounge access, travel insurance, and discounts on hotel bookings.
- EMI Facility: Cardholders can convert their high-value purchases into easy EMIs, which can be repaid over some time.
Fees and Charges of ICICI Platinum Credit Card
Here are the fees and charges associated with the ICICI Platinum Credit Card:
- Joining Fee: Rs. 199 + GST
- Annual Fee: Rs. 199 + GST (waived off if the yearly spend is more than Rs. 50,000)
- Interest Rate: 3.50% per month
- Late Payment Fee: Rs. 100-750 depending on the outstanding balance
- Overlimit Fee: Rs. 500-600 depending on the credit limit
FAQs
Q. What are the eligibility criteria to apply for ICICI Platinum Credit Card?
A. The applicant must be a resident of India and must be between 21-60 years of age. The applicant must also have a good credit score and a stable income source.
Q. How can I apply for ICICI Platinum Credit Card?
A. You can apply for ICICI Platinum Credit Card online by visiting the ICICI Bank website or the nearest ICICI Bank branch.
Q. What minimum income is required to apply for ICICI Platinum Credit Card?
A. The minimum income required to apply for ICICI Platinum Credit Card is Rs. 20,000 per month.
Conclusion
The ICICI Platinum Credit Card is a good option for those looking for a credit card with essential features and benefits. It offers rewards points, a fuel surcharge waiver, dining discounts, travel benefits, and an EMI facility. The joining and annual fees are affordable, and the eligibility criteria are reasonable. However, the interest rate is higher, and the late payment and over-limit costs are also significant. Overall, it is a decent credit card for those who want primary benefits and rewards.