ICICI Bank Sapphiro Forex Prepaid Card

The ICICI Bank Sapphiro Prepaid Forex Card stands out as a premium offering from the bank, characterized by its relatively high issuance fee of Rs. 2,999 (with an annual charge of Rs. 999 from the second year onwards). This card provides several attractive benefits, including complimentary access to international airport lounges, discounted rates for hotel and flight bookings, and more. It’s important to note that, unlike credit cards, the ICICI Sapphiro Prepaid Forex Card does not feature a rewards program.

Key Highlights of ICICI Bank Sapphiro Forex Prepaid Card

  • Obtain an international lounge access pass at no cost by joining the Dragon Pass membership.
  • Receive two complimentary international lounge visits.
  • Gain coverage for lost card and counter card liabilities up to Rs.5 lakh.

Features and Benefits of ICICI Bank Sapphiro Forex Prepaid Card

The ICICI Bank Sapphiro Forex Prepaid Card offers several features and benefits:

1. Welcome Benefits:

  • Receive a complimentary international lounge access pass along with a free Dragon Pass membership.
  • Receive a Central shopping voucher valued at Rs.500.
  • Enjoy lost card/counter card liability coverage worth Rs.5 lakh.

2. Cashback Benefits:

  • Earn a 5% cashback on your airline and hotel expenses.
  • The cashback is capped at Rs.3,000 per month.

3. Airport and Lounge Benefits:

  • Access 2 international lounges for free.

ICICI Bank Sapphiro Forex Prepaid Card Fees and Charges

Explore the fee structure for the ICICI Bank Sapphiro Forex Prepaid Card and discover the financial advantages that come with it.

  1. When you get the card, you’ll need to pay an initial fee of Rs. 2,999 (plus GST).
  2. Starting from the second year, there’s an annual membership fee of Rs. 999 (plus GST).
  3. There are no extra fees for using the card in foreign currencies or for cross-currency transactions.
  4. If you withdraw cash from an ATM using the card, a cash advance fee of USD 2 applies.
  5. If you withdraw cash at a Point of Sale (POS) terminal, you’ll be charged a withdrawal fee equal to 0.5% of the withdrawn amount.

Documents Required for ICICI Bank Sapphiro Forex Prepaid Card

To apply for the ICICI Bank Sapphiro Forex Prepaid Card, you will typically need to provide the following documents:

  1. PAN card copy
  2. Aadhar card copy
  3. Passport (with Visa) copy
  4. Form A2, along with the card application form.

How To Apply for ICICI Bank Sapphiro Forex Prepaid Card?

Follow these steps to apply for the ICICI Bank Sapphiro Forex Prepaid Card:

  1. Visit ICICI Bank’s official website.
  2. Locate the “Forex Cards” section and select “Sapphiro Forex Prepaid Card.”
  3. Fill out the online application form with your details.
  4. Upload the necessary documents like passport, visa, and PAN.
  5. Make the required payment and await card delivery to your address.

Frequently Asked Questions (FAQs)

1. What is the ICICI Bank Sapphiro Forex Prepaid Card?

The ICICI Bank Sapphiro Forex Prepaid Card is a multi-currency travel card that allows you to load multiple foreign currencies onto a single card. It’s designed for international travelers and can be used for transactions abroad.

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

You can apply for the card online through ICICI Bank’s website or by visiting a local ICICI Bank branch.

3. What currencies can I load onto the Sapphiro Forex Prepaid Card?

You can load several major foreign currencies onto the card, such as USD, EUR, GBP, CAD, AUD, JPY, and more, depending on the card’s offerings.

4. What are the benefits of using this card for international travel?

The card offers benefits like competitive exchange rates, enhanced security with an EMV chip, ease of reloading, and the convenience of carrying multiple currencies on a single card.

5. How can I reload funds onto my Sapphiro Forex Prepaid Card when traveling?

You can reload the card online through the ICICI Bank website, mobile app, or by visiting an ICICI Bank branch. Some cards may also offer the option to reload through partner banks or forex centers.

6. Are there any fees associated with the Sapphiro Forex Prepaid Card?

Yes, there may be fees for card issuance, ATM withdrawals, currency conversion, and inactivity. It’s essential to review the fee structure provided by ICICI Bank when applying for the card.

7. Is the card protected against loss or theft?

Yes, the card is protected by a PIN, and you can report its loss or theft to ICICI Bank immediately to block the card and prevent unauthorized transactions. Additionally, some cards offer insurance coverage for such situations.

8. Can I use the card for online purchases?

Yes, you can use the Sapphiro Forex Prepaid Card for online shopping and transactions wherever Mastercard or Visa cards are accepted, depending on the card’s network.

9. How do I check the balance and transaction history on my card?

You can check your card balance and transaction history online through the ICICI Bank website or mobile app. Some cards may also offer SMS or email alerts for transactions.

10. Can I use this card in India for domestic transactions?

No, the Sapphiro Forex Prepaid Card is meant for international use only. It cannot be used for domestic transactions within India.