ICICI Platinum Chip Credit Card

ICICI Platinum Chip in three lines

• It is lifetime free: the bank page shows Nil joining and Nil annual fees.
• It earns 2 points per ₹100 on retail spends and 1 point per ₹100 on utilities and insurance. Users value a point at about ₹0.25, which makes retail roughly 0.5%; the bank page does not state a point value.
• Its real job, according to users, is to sit in a drawer until an ICICI instant discount shows up in an Amazon or Flipkart sale.

This page covers the plain ICICI Platinum Chip. The Adani One ICICI Platinum, Manchester United Platinum and MakeMyTrip Platinum cards are separate products with their own terms.

What "Platinum" does not include

The name makes people expect lounges. There are none: no domestic airport lounge, no international lounge and no railway lounge. There is no spend target you missed. Eight threads in the sentiment report call the name misleading for exactly this reason. There are no movie or dining offers listed either.

What you do get is a 1% fuel surcharge waiver at HPCL pumps on fills of ₹400 to ₹4,000, and a 3.5% forex markup, so leave it at home when you travel abroad.

Why people keep it anyway

ICICI's festive sale offers often exclude co-brand cards. If your only ICICI card is Amazon Pay ICICI, users say you can miss the instant bank discount on Amazon, Flipkart, Croma or Apple sales. A free Platinum Chip in the same wallet fixes that, and 11 threads in the report name this as the main reason to hold it.

A rough idea of the gap: if a sale offers 10% off with ICICI cards, a ₹60,000 phone saves up to ₹6,000, subject to the offer's cap. The same ₹60,000 earns 1,200 points on the card itself, roughly ₹300 at the ₹0.25 a point users report. Read each sale's terms, because caps and eligible cards change.

Getting it on a shared limit

"Can I get Platinum Chip if I already have Amazon Pay ICICI?" is one of the most common questions. Users report yes, and that the new card usually shares the credit limit of the existing one. Some who were rejected on a fresh application say asking ICICI to issue it against their Amazon Pay card worked better. Users new to credit describe getting it against a fixed deposit first.

Starting limits are a mild complaint in 4 threads, so check yours in the iMobile app before you plan a big sale purchase.

ICICI Platinum Chip: our honest verdict

Apply if you want a free core ICICI card for bank-sale discounts, or a no-cost first card to build a credit history. It costs nothing to keep and nothing to ignore for months.

Do not apply expecting an everyday rewards card. At roughly 0.5% (if a point is worth ₹0.25, as users report), most free cashback cards beat it, and the Amazon Pay ICICI Credit Card pays far more on Amazon. If you want lounge rules within ICICI's entry range, see the ICICI Coral lounge access list.

Credit Card Information Compiled by: Abhijeet Kumar | Reviewed by: Anmol Ratan Sachdeva