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ICICI BankClassic

ICICI Platinum Chip

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Quick facts

ICICI Platinum Chip

Top reward1 RP/₹150

Annual feeLifetime Free

Min income₹18,000/mo

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🌱First Card / Entry

ICICI Bank · Classic tier

ICICI Platinum Chip

Simple lifetime-free credit builder.

Key Benefits

All spends: 1 RP/₹150Contactless: PayWave enabledLifetime free — no annual feeBest for: Basic lifetime-free card

Annual fee

Free

Top rate

1 RP/₹150

Min income

₹18,000/mo

Eff. return

Realistic net value (moderate user): ₹10/year

After ₹0 fee & ₹630 forex. Based on ₹40,000/mo spend.

12,400 users matched · Verified 2026-06-12

You apply directly with the bank. If you share your contact details on their form, the bank may call you. We never sell your data or make sales calls.

We earn commission if approved — at no cost to you. Zero sales calls.

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Our transparency commitment

✓ Reward caps shown in absolute ₹ — not just "5% cashback"

✓ Exclusions listed upfront — fuel, EMI, rent, wallet

✓ Point conversions with conservative ₹/point rates

Rates, fees, and eligibility notes are sourced from public issuer information and may contain errors. Always verify on the bank's website before applying.

All Benefits

Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.

All spends: 1 RP/₹150
Contactless: PayWave enabled
Lifetime free
PayWave contactless
Basic rewards
Best for: Basic lifetime-free card
Best for: ICICI relationship
Best for: ₹18K+ income

Source: ICICI Platinum Chip T&Cs

🌱First Card / Entry

Low income threshold, easy approval

Reward Structure

Source: ICICI Platinum Chip T&Cs

All spends

1 RP/₹150

Contactless

PayWave enabled

Excluded categories (no rewards)

EMIFuel

What You Actually Earn (in ₹)

Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.

Gross rewards / year

₹640

Before fees & forex

Costs / year

₹630

Fee ₹0 + forex ₹630

Net value / year

₹10

0% effective return on spend

Category-wise breakdown

All other eligible spends

Spend ₹40,000/mo · 1 pts per ₹150 spend

₹640.00/year

₹53.33/mo

267 pts × ₹0.20 = ₹53.33/mo267 pts/mo @ ₹0.20/pt

Estimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.

Best for

→Basic lifetime-free card
→ICICI relationship
→₹18K+ income

Points → INR Conversion Guide

Marketing says "10X points" — here's what that actually means in your pocket.

all — 1 pts per ₹150 spend

You spend

₹10,000

→

You earn

67 pts

Worth ≈

₹13.33

@ ₹0.20/point

Redemption reality: Point value varies — cashback redemption is typically lower than travel partner transfers. We use a conservative ₹0.20/pt in calculations.

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Fees & Charges — Full Disclosure

All amounts in INR. Everything that can reduce your net value.

Joining fee

Lifetime free card

₹0

Annual / renewal fee

No renewal fee ever

₹0

Forex markup

3.5% on international transactions

Finance charges

≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid

Late payment fee

₹400–₹1,300 depending on statement balance — always pay on time

Reward redemption fee

Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee

Example: moderate user net math

Gross rewards+ ₹640

Annual fee− ₹0

Forex cost− ₹630

Net annual value₹10

Eligibility Snapshot

Public criteria from ICICI Platinum Chip T&Cs. Bank makes final decision.

Minimum age21–60 years

Min income (salaried)₹18,000/mo

Min income (self-employed)₹4,00,000/year

Employment acceptedsalaried, self employed

Credit historyNo minimum stated

CIBIL checkBank checks at application — CardHungry never pulls your score

Secured optionUnsecured card only

Card tierClassic — entry-level product

Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.

FAQ

How much can I actually earn with ICICI Platinum Chip?+

At moderate spend (₹40,000/mo), gross rewards are about ₹640/year. After the ₹0 annual fee, net value is approximately ₹10/year. Use the calculator above to model your own spends.

What is the minimum income for ICICI Platinum Chip?+

₹18,000/month for salaried applicants (indicative — bank decides).

What spends do NOT earn rewards?+

EMI, Fuel.

Does CardHungry pull my CIBIL score?+

No. We use public eligibility criteria only. The bank will check CIBIL when you apply.