ICICI Platinum Chip Credit Card
Fees
Free
Joining & Annual 1st Year FreeReward 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 Access
No Lounge Access
FindMyCard 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.
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
Editorial Verdict
The ICICI Platinum Chip Credit Card is ideally suited for first-time credit card users. If you want 2 payback points per ₹100 on all retail spends (excluding fuel); 25% off at partner restaurants, this card delivers real value. The free is easily offset by the card's perks if you use it regularly. You'll generally need Fair (680+), Salaried or Self-Employed, Age 23–60 credit to be approved.
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
🚀 Milestone Spends Timeline
Bonus reward points on spending ₹50,000 annually
1% Fuel Surcharge Waiver up to ₹250/month across all fuel stations
Fees & Charging Rates
Annual Fee Waivers
Free
💡 No annual fee ever
Regular Interest Charges
3.5% per month (42% per annum)
📅 Late Payment Fee Penalty Tiers
Insurance & Protection Benefits
Eligibility Criteria
age
23 to 60 years
nationality
Resident Indian
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; 1% cashback on offline spends | 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 |