ICICI Platinum Chip Credit Card by ICICI Bank — Credit Card Image
ICICI Bank Review Verified: 2026-08-25 🆓 First Year Free

ICICI Platinum Chip Credit Card

3.7 / 5.0 Rating
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#no-fee #best-for-beginners

Fees

Free

Joining & annual

1st year free

Reward Rate

2 PAYBACK points per ₹100 on all retail spends (excluding fuel); 25% off at partner restaurants

Welcome Bonus

2 PAYBACK points per ₹100 on every spend from day 1

Lounge

No Lounge Access

Overview Perks & Milestones Fees & Interest Insurance Eligibility FAQs Compare

Our Expert Take

ICICI Platinum Chip is a solid starter card: no annual fee, a simple flat 2 PAYBACK points per ₹100 spent, and a 25% dining discount at over 2,500 partner restaurants. It's not going to compete with rewards-heavy premium cards, but for a first card or a no-fuss backup, it does the job.

Reward limits

Checked 28 Sep 2026 · Bank terms

  • 2 points per ₹100; 1 per ₹100 on utilities and insurance

    No published limit

No rewards on: Fuel, rent, government, EMI, cash advances; utilities and insurance earn at a reduced rate

Pros & Cons

Key Advantages

  • No annual fee, genuinely lifetime free
  • Simple flat 2 PAYBACK points on every ₹100 spend
  • 25% dining discount at 2,500+ Culinary Partner restaurants
  • Contactless chip card with enhanced security
  • Easy approval, ideal for credit beginners

Limitations

  • Low reward rate compared to paid premium cards
  • No lounge access
  • No travel benefits
  • PAYBACK points have limited redemption options

Key Perks & Spending Milestones

2 PAYBACK points per ₹100 on all retail spends (excluding fuel)

25% discount on dining at 2,500+ Culinary Partner restaurants

1% fuel surcharge waiver up to ₹100/month

Contactless payment with chip & PIN security

Global acceptance on VISA network

Zero liability on lost/stolen card fraud

Convert large purchases to easy EMI

Spend milestone

Bonus reward points on spending ₹50,000 annually

Spend milestone

1% Fuel Surcharge Waiver up to ₹250/month across all fuel stations

Fees & Charges

Joining fee

Free

Annual fee

Free 1st year free

No annual fee ever

Interest rate

3.5% per month (42% per annum)

Late payment fee

Nil for balance up to ₹500; ₹400 for ₹501-₹5,000; ₹600 for ₹5,001-₹10,000; ₹800 for balance above ₹10,000.

Insurance & Protection Benefits

Comprehensive travel insurance & lost card liability cover up to ₹1,000,000

Eligibility Criteria

age

23 to 60 years

nationality

Resident Indian

Credit score & income

Fair (680+), Salaried or Self-Employed, Age 23–60

Frequently Asked Questions

Is the BookMyShow offer still free on ICICI Platinum Chip?
No — effective 1 February 2026, the BOGO movie ticket offer now requires ₹25,000 in spends during the preceding calendar quarter to unlock, rather than being unconditional.
What's the reward rate on ICICI Platinum Chip?
A flat 2 PAYBACK points per ₹100 spent (excluding fuel).
Does this card have lounge access?
No, it's a no-frills entry-level card with no lounge or travel benefits.

Compare ICICI Platinum Chip Credit Card With Similar Cards

Card Annual Fee Reward Rate Lounge Access Rating
ICICI Platinum Chip Credit Card This Card Free 2 PAYBACK points per ₹100 on all retail spends (excluding fuel);... No Lounge Access 3.7/5
Cashback SBI Credit Card ₹999 + Taxes 5% cashback on online spends, capped ₹2,000/statement cycle; 1%... No Lounge Access 4.7/5
KIWI UPI RuPay Credit Card Free Up to 5% cashback on UPI spends via Kiwi Neon program (1.5% base... Domestic (Neon Spend Milestones) 4.7/5
Axis Bank ACE Credit Card ₹499 + Taxes 5% cashback on Google Pay utilities; 4% on Swiggy, Zomato & Ola;... 4 Domestic/yr 4.6/5

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