Platinum Chip

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL
Rewards
Fuel
Best For: Everyday spenders, Those seeking a no-cost entry-level rewards card

Platinum Chip

Rewards Structure

Base Reward Rate

2% on spends

Point Value

1 Point = ₹1

Earning Cap

₹5,000 /monthly

Pros

  • No joining fee
  • No annual fee
  • Reward points on every purchase
  • Fuel surcharge waiver at HPCL pumps
  • Easy EMI conversion

Cons

  • Limited to HPCL pumps for fuel waiver
  • Lower points rate on utility and insurance spends

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Fuel surcharge waiver only applicable on transactions between ₹400 and ₹4,000

3.75% interest per month on ATM withdrawals and if only minimum due is paid

Key Benefits & Features

Detailed benefits inside

Eligibility Criteria

Min. Annual Income

₹2.4 Lakhs

Age Requirement

21+ Years

Occupation

SALARIEDSELF_EMPLOYED

Required Documents

IDENTITY Proof

Identity Proof

ADDRESS Proof

Address Proof

INCOME Proof

Income Proof

About Platinum Chip

The ICICI Bank Platinum Chip Credit Card is an entry-level rewards card designed for everyday spenders who want meaningful benefits without any cost burden. With zero joining fee and no annual fee, it offers an accessible way to earn rewards on regular purchases. Cardholders earn 2 reward points for every ₹100 spent on retail transactions and 1 reward point per ₹100 on utility and insurance payments. These points can be redeemed across a wide range of categories including travel and luggage, health and beauty, shopping vouchers, home appliances, electronics, and fashion and lifestyle. Beyond rewards, the card provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at HPCL fuel outlets in India, benefiting both primary and supplementary cardholders. The embedded microchip technology adds an enhanced layer of security against counterfeiting and duplication, with PIN authentication required for in-person transactions at merchant outlets. To be eligible, applicants must be Indian citizens between 21 and 65 years of age with a minimum monthly income of ₹20,000, whether salaried or self-employed. No physical documents are required during the application process. For those seeking a no-cost card that rewards everyday spending while offering practical fuel savings and strong security features, the Platinum Chip Credit Card is a compelling choice.

Expert Review

Our Verdict

Zero-fee card with reward points on every spend and 1% fuel surcharge waiver at HPCL pumps.

Frequently Asked QuestionsAbout Platinum Chip

FEESIs there a joining fee or annual fee for the Platinum Chip Credit Card?
The Platinum Chip Credit Card has no joining fee or annual fee. This makes it a completely cost-free credit card, allowing you to enjoy all its benefits without any recurring charges. You can apply for this card without worrying about upfront or annual costs.
ELIGIBILITYWhat is the age limit to apply for a Platinum Chip Credit Card?
You must be between the ages of 21 and 65 years to be eligible to apply for an ICICI Bank Platinum Chip Credit Card. Along with the age requirement, you must also be an Indian citizen and meet the minimum income criteria to qualify for the card.
BENEFITSWhat is the fuel surcharge waiver offered to Platinum Chip Credit Cardholders?
Cardholders can avail of a 1% fuel surcharge waiver on all fuel transactions of ₹400 to ₹4,000 at HPCL fuel outlets in India. This benefit applies to both the primary cardholder and the Plus (supplementary) cardholder, helping them save on regular fuel expenses. The waiver is automatically applied when the eligible transaction is completed using the Credit Card.
OTHERWhat is CVV and how do I find it on my ICICI Bank Platinum Chip Credit Card?
CVV stands for Card Verification Value. To find it, flip your Platinum Chip Credit Card — the three-digit security code next to the signature panel is your CVV. You can also check it by logging in to your iMobile app or Internet Banking. This code is required for online and certain other transactions to verify card authenticity.
USAGEHow to know the payment due date of the Platinum Chip Credit Card?
You can know the payment due date of your Platinum Chip Credit Card through multiple channels: your monthly statement, the iMobile app, Internet Banking, or by calling ICICI Bank Customer Care on the toll-free number 1800 1080. It is important to pay by the due date to avoid late payment charges, which can range from ₹100 to ₹1,300.
BENEFITSWhat security features are provided by the chip and PIN on the Platinum Chip Credit Card?
The Platinum Chip Credit Card comes with an embedded microchip that provides enhanced security against counterfeiting and duplication. For transactions at merchant outlets, customers must enter a Personal Identification Number (PIN) to complete the payment. This chip and PIN combination significantly reduces the risk of fraudulent use, especially if the card is lost or stolen. Note that the PIN is not required for online transactions.
USAGEIs a PIN required for online transactions on the Platinum Chip Credit Card?
No, the PIN is not required for online transactions made with the Platinum Chip Credit Card. The PIN is only needed for in-person transactions at POS terminals (swipe machines) at merchant outlets. For online payments, other security measures such as OTP (One-Time Password) verification may still apply to ensure transaction security.
REWARDSHow do I earn reward points on the Platinum Chip Credit Card?
You earn reward points on every ₹100 spent using the Platinum Chip Credit Card. You get 2 reward points for every ₹100 spent on retail purchases, and 1 reward point for every ₹100 spent on utility and insurance payments. Points can be redeemed across multiple categories including Health & Beauty, Travel & Luggage, Shopping Vouchers, Home Appliances, Electronics, and Fashion & Lifestyle.
REWARDSWhat categories can I redeem my reward points for?
Reward points earned on your Platinum Chip Credit Card can be redeemed across a wide range of categories, including Health & Beauty, Travel & Luggage, Shopping Vouchers, Home Appliances, Electronics, and Fashion & Lifestyle. This flexibility allows you to use your points on everyday needs or special purchases based on your preferences.
DOCUMENTSWhat documents are required to apply for the Platinum Chip Credit Card?
To apply for the Platinum Chip Credit Card, you need Identity Proof, Address Proof, and Income Proof. The good news is that no physical documents are required — the process is fully digital. You must be an Indian citizen, at least 21 years of age, and have a minimum monthly income of ₹20,000 whether salaried or self-employed.
INTERNATIONALWhat is the forex markup fee for the Platinum Chip Credit Card?
The Platinum Chip Credit Card charges a foreign exchange markup fee of 3.5% on international transactions. This fee is applied to all transactions made in foreign currencies. If you frequently travel abroad or make international purchases, you should factor this cost into your spending. For heavy international spenders, you may want to consider a card with a lower or zero forex markup.
FEESWhat are the interest charges if I only pay the minimum due amount?
If you only pay the minimum due amount on your Platinum Chip Credit Card bill, an interest rate of 3.75% per month will be charged on the remaining outstanding balance. Similarly, cash withdrawals from ATMs also attract an interest rate of 3.75% per month. Late payment fees range from ₹100 to ₹1,300 depending on the outstanding amount. It is advisable to pay the full outstanding amount before the due date to avoid these charges.
BENEFITSCan I convert my Platinum Chip Credit Card purchases into EMIs?
Yes, the Platinum Chip Credit Card offers an easy EMI conversion facility. This allows you to shop now and pay later in convenient monthly instalments. You can convert eligible purchases into EMIs, making it easier to manage large expenses without straining your monthly budget. For more details on eligible transactions and applicable interest rates, you can contact ICICI Bank Customer Care at 1800 1080.
APPLICATIONHow can I apply for the Platinum Chip Credit Card?
You can apply for the Platinum Chip Credit Card online through the ICICI Bank official website by clicking the 'Apply Now' button on the card page. No physical documents are required as the process is fully digital. You need to be an Indian citizen, between 21 and 65 years of age, and have a minimum monthly income of ₹20,000. You will need to provide Identity Proof, Address Proof, and Income Proof digitally.
BENEFITSCan I add a supplementary cardholder to my Platinum Chip Credit Card?
Yes, the ICICI Bank Platinum Chip Credit Card offers a Plus Card (supplementary card) feature, allowing you to extend the card's benefits to your loved ones. The supplementary cardholder also enjoys benefits such as the fuel surcharge waiver at HPCL pumps on eligible transactions between ₹400 and ₹4,000. This makes it a convenient option for families looking to share credit card benefits.

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