ICICI Bank Sapphiro Credit Card

You can easily apply for the ICICI Sapphiro Credit Card online and, upon payment of the joining fee, receive shopping and travel vouchers worth Rs. 10,000. Additionally, you have the opportunity to earn up to 20,000 payback points annually, along with the benefit of complimentary access to airport lounges and golf courses. The ICICI Bank Sapphiro Credit Card is a noteworthy component of the Gem Collection, a series of ICICI credit cards that present a variety of rewards and exclusive privileges to cardholders.

Features and Benefits of ICICI Bank Sapphiro Credit Card

  • The ICICI Bank Sapphiro VISA credit card is equipped with an embedded microchip, enhancing card security and offering additional protection against duplication and counterfeiting. Furthermore, an added layer of security is provided through the Personal Identification Number (PIN), ensuring your confirmation for each transaction.
  • Managing your account online is both effortless and convenient. You can utilize the internet banking service for a variety of tasks, including the seamless payment of your credit card bill.
  • You have a grace period of 18 to 48 days to settle your credit card bills. When you clear your account balance entirely, a new interest-free period commences, enabling you to avoid paying any interest by settling all your bills in full.
  • The monthly interest rates for credit card purchases can be as low as 1.25%. In cases of defaults and other adverse situations, the maximum interest rate that could be applied is 3.50% per month.

ICICI Bank Sapphiro Credit Card Fees and Charges

The ICICI Bank Sapphiro Credit Card comes with the following fee and charge structure:

Joining Fee The initial fee for acquiring the card is Rs. 6,500 (excluding GST).
Annual Fee During the first year of card ownership, there is no annual fee. Starting from the second year, an annual fee of Rs. 3,500 (excluding GST) will apply.
Minimum Card Purchases for Annual Fee Waiver To have the annual fee waived, you must make card purchases totaling at least Rs. 6 lakh.
Interest on Cash Advances If you withdraw cash using the card, an annual interest rate of 40.80% or a monthly rate of 3.40% will be charged on the cash advance amount.
Dial-a-Draft Transaction Fee When using the Dial-a-Draft service, a transaction fee of 3% of the draft value amount applies, with a minimum fee of Rs. 300.
Overlimit Fee If you exceed your credit limit, an overlimit fee of 2.50% of the over-limit amount will be charged, with a minimum fee of Rs. 500.
Cash Advance Transaction Fee For cash advances, a transaction fee of 2.5% of the advance amount applies, with a minimum fee of Rs. 300.

ICICI Bank Sapphiro Credit Card Eligibility

Here are the key points regarding the ICICI Bank Coral Credit Card eligibility requirements:

  • Primary Cardholder Age: The primary cardholder must be at least 23 years old.
  • Add-On Cardholder Age: The add-on cardholder, if any, should be at least 18 years old.
  • Indian Resident: The applicant must be a resident of India to be eligible for this card.
  • Good Credit Score: A good credit score enhances the likelihood of card approval, indicating the importance of a positive credit history.
  • Identity and Address Proof: The bank requires applicants to provide valid identity proof and address proof for verification.
  • Permanent Account Number (PAN): Applicants need to submit their PAN card or Form 16 for tax-related documentation.
  • Passport-Size Photograph: The application should include a recent color passport-size photograph of the primary cardholder.

Documents Required for ICICI Bank Sapphiro Credit Card

  • For the purpose of identity verification, acceptable documents include a PAN card, Aadhaar card, passport, voter’s ID, driver’s license, or any other official photo ID issued by the government.
  • To establish your address, you can provide an Aadhaar card, passport, driver’s license, the most recent utility bill, voter’s ID, or any other government-issued address proof.
  • For income verification, you may submit your most recent payslips, income tax return, or Form 16.
  • In addition to these, please include a color photograph of yourself for miscellaneous documentation.

How to apply for ICICI Bank Sapphiro Credit Card ?

To apply for the ICICI Sapphiro Credit Card through the bank’s website, follow these simple steps:

  • Start by visiting the official ICICI bank website.
  • In the “Cards” section, locate and click on “Credit Cards.”
  • Navigate to the ‘Special Credit Cards’ section, and select the Sapphiro Credit Card. Then, click on the “Apply Now” button.
  • You will be prompted to enter your mobile number, followed by your email address and PAN number.
  • Input the OTP (One-Time Password) received on your registered mobile number and email address.
  • Complete the application process by providing all the required details and uploading the necessary documents.
  • The bank boasts a swift processing time, with the card typically being disbursed to eligible candidates in just 15-20 minutes.

Frequently Asked Questions (FAQs)

1. What is the ICICI Bank Sapphiro Credit Card?

The ICICI Bank Sapphiro Credit Card is a premium credit card offered by ICICI Bank, providing a range of benefits and privileges across various categories such as travel, lifestyle, and dining.

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

You can apply for the Sapphiro Credit Card through the official ICICI Bank website, by visiting a branch, or by contacting the customer service helpline. Online applications typically require you to fill out a form and submit necessary documents.

3. What are the key features of the ICICI Bank Sapphiro Credit Card?

The Sapphiro Credit Card offers features such as complimentary airport lounge access, reward points on transactions, exclusive discounts on dining and shopping, travel benefits, and more. Check the latest features on the official ICICI Bank website.

4. What is the annual fee for the ICICI Bank Sapphiro Credit Card?

The annual fee for the Sapphiro Credit Card may vary. It is advisable to check the latest fee structure on the official website or contact the bank’s customer service for the most accurate and up-to-date information.

5. How do the reward points work on the ICICI Bank Sapphiro Credit Card?

The card earns reward points on eligible transactions, and these points can be redeemed for a variety of options, including merchandise, vouchers, and travel bookings. The redemption process and the value of points may vary, so it’s recommended to review the reward program details.

6. Does the ICICI Bank Sapphiro Credit Card offer travel benefits?

Yes, the Sapphiro Credit Card often provides travel benefits, such as complimentary airport lounge access, discounts on airfare and hotel bookings, travel insurance coverage, and other perks. Refer to the terms and conditions for specific details.

7. Can I convert my purchases into EMI using the ICICI Bank Sapphiro Credit Card?

Yes, the Sapphiro Credit Card usually offers the option to convert high-value purchases into easy monthly installments (EMIs). You can check the eligibility and terms for this service on the ICICI Bank website or by contacting customer support.

8. How can I check my ICICI Bank Sapphiro Credit Card statement?

You can access your credit card statement online through the ICICI Bank internet banking portal or mobile app. Additionally, the bank sends monthly statements to the registered email address. You can also request a physical copy through customer service.

9. What should I do if my ICICI Bank Sapphiro Credit Card is lost or stolen?

In case of loss or theft, immediately contact the ICICI Bank customer service helpline and report the incident. The bank will guide you through the process of blocking the card and issuing a replacement.

10. How do I contact ICICI Bank customer service for Sapphiro Credit Card queries?

You can contact ICICI Bank customer service through the helpline number provided on the back of your credit card or on the official ICICI Bank website. Additionally, you may visit a branch for in-person assistance.