ICICI Bank Platinum Chip Credit Card

The ICICI Bank Platinum Chip credit card is a no-annual-fee card designed to deliver impressive savings. With this card, you can accumulate up to 2 Reward Points for each purchase, which are redeemable for various options, including cashback. Additionally, it offers enticing dining discounts at over 2500 restaurants across India through the ICICI Bank Culinary Treats Programme. Cardholders can also enjoy a 1% savings on all fuel purchases made at HPCL pumps.

Key Highlights of ICICI Bank Platinum Chip Credit Card

  • Ideal for Novices
  • No Enrollment Fee
  • No Yearly Charges
  • Prominent Perk: Earn 2 reward points for every Rs. 100 spent on retail transactions.

Features and Benefits of ICICI Bank Platinum Chip Credit Card

1. Welcome Rewards:

  • The ICICI Bank Platinum Chip Credit Card lets you accrue PAYBACK Points with each transaction, India’s premier Rewards Program. These points offer enticing rewards, from daily expenses to purchases at PAYBACK Partner Brands.

2. Spend & Earn:

  • Earn 2 PAYBACK Points for every Rs. 100 spent on retail (excluding fuel).
  • Receive 1 PAYBACK Point for every Rs. 100 spent on insurance and utilities.

3. Fuel Savings:

  • Enjoy a 1% fuel surcharge waiver on fuel transactions over Rs. 4,000 at HPCL pumps when using the card with ICICI Merchant Services machines.

4. Dining Discounts:

  • Save up to 15% on dining at over 2,500 restaurants across 12 Indian cities with the ICICI Bank Culinary Treats program.
  • Redeem your PAYBACK Points for various rewards, including travel vouchers, lifestyle products, movie tickets, appliances, mobiles, and more.

ICICI Bank Platinum Chip Credit Card Fees and Charges

  1. Joining Charges: Nil
  2. Interest Rate: 40.80% annually (3.40% monthly)
  3. Annual Charges: Nil
  4. Late Payment Charges:
  • No charge for amounts under Rs. 100.
  • Rs. 100 for amounts between Rs. 100 and Rs. 500.
  • Rs. 500 for amounts between Rs. 501 and Rs. 5,000.
  • Rs. 750 for amounts between Rs. 5,001 and Rs. 10,000.
  • Rs. 900 for amounts between Rs. 10,000 and Rs. 25,000.
  • Rs. 1,000 for amounts between Rs. 25,001 and Rs. 50,000.
  • Rs. 1,200 for amounts exceeding Rs. 50,000.

ICICI Bank Platinum Chip Credit Card Eligibility

  1. The main applicant must be at least 21 years old.
  2. The supplementary applicant should be over 18 years of age.
  3. A consistent income source is required for the applicant.
  4. A reasonable credit score is expected from the applicant.

Documents Required for ICICI Bank Platinum Chip Credit Card

1. Identity Verification:

  • Accepted forms of identification include Aadhar Card, Voter ID, PAN Card, Driving Licence, and other valid identification documents.

2. Income Proof:

  • Submit either your most recent pay stubs and bank statements or your most recent audited Income Tax Return (ITR).

3. Address Verification:

  • Provide documents such as Aadhar Card, utility bills, Voter ID, Passport, or Driving Licence to verify your address.

How to apply for ICICI Bank Platinum Chip Credit Card?

You have the flexibility to apply for the Platinum Chip Credit Card either online or offline, depending on your preference. If you choose to apply offline, visit your nearest branch and complete a physical application form, ensuring you have all the required documents with you. Alternatively, for online application, follow these simple steps:

  1. Go to ICICI Bank’s official website.
  2. Navigate to the ‘Credit Cards’ section.
  3. Locate the Platinum Chip Credit Card at the top of the page.
  4. Click on ‘Apply Online.’
  5. Complete the online application form and follow the subsequent instructions.

Frequently Asked Questions (FAQs)

1. What is the ICICI Bank Platinum Chip Credit Card?

The ICICI Bank Platinum Chip Credit Card is a credit card offered by ICICI Bank with a chip for enhanced security. It provides various benefits, including rewards, discounts, and exclusive privileges.

2. How can I apply for the ICICI Bank Platinum Chip Credit Card?

You can apply for the card online through the official ICICI Bank website or by visiting a nearby ICICI Bank branch. The application process typically involves filling out a form and providing necessary documents.

3. What are the features of the Platinum Chip Credit Card?

The card comes with features such as chip technology for added security, reward points on transactions, fuel surcharge waiver, and discounts on dining, travel, and more.

4. How does the rewards program work?

The rewards program allows you to earn points for every transaction made using the card. These points can be redeemed for a variety of rewards, including gift vouchers, merchandise, and more.

5. Is there an annual fee for the ICICI Bank Platinum Chip Credit Card?

The annual fee and other charges associated with the card may vary. It is recommended to check the latest fee structure on the ICICI Bank website or contact customer support for the most accurate information.

6. What is the interest-free period on this credit card?

The interest-free period is the time during which you can make purchases without incurring interest. The ICICI Bank Platinum Chip Credit Card typically offers a grace period, and the exact duration may vary.

7. How can I pay my credit card bill?

You can pay your ICICI Bank Platinum Chip Credit Card bill through various channels, including internet banking, mobile banking, ATMs, cheque payments, and auto-debit facilities. Online payment methods are convenient and widely used.

8. Are there any international transaction charges?

Yes, there may be charges for international transactions. It is advisable to review the terms and conditions or contact customer support to get detailed information on the charges associated with international transactions.

9. How can I track my credit card transactions?

You can track your credit card transactions through the ICICI Bank mobile app, internet banking, or by contacting the customer care helpline. Regularly monitoring your transactions ensures security and helps manage expenses.

10. What security features does the Platinum Chip Credit Card offer?
The chip technology enhances the security of the card, making it more difficult for unauthorized parties to clone or misuse. Additionally, the card may come with features like SMS alerts and one-time passwords for added security.