ICICI Bank Student Sapphiro Forex Prepaid Card
- Updated On: 27 March, 2025
The ICICI Student Sapphiro Forex Prepaid Card, specially made for students, offers freedom of spending and exclusive student offers. This card has no mark-up charges for foreign currency transactions, making it perfect for international students. They can easily load upto 15 foreign currencies with this card and make fast and reliable payments. The Student Sapphiro Card offers welcome benefits of ₹15,000. These welcome benefits, like International Student Identity Card (ISIC) membership, are very beneficial for students. Cardholders can also earn 5% cashback on online transit and grocery spends. Apart from this, you can enjoy exclusive travel benefits like complimentary international lounge access along with Dreamfolks membership.
ICICI Bank Student Sapphiro Forex Prepaid Card
( 4.5 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
5% Cashback on Online Grocery and Transit Spends
Welcome Benefits
Free International SIM Card and Discount Vouchers for Uber Worth ₹1,000
Rewards and Benefits
Movie & Dining
N/A
Rewards Rate
5% Cashback on Online Grocery and Transit Spends
Reward Redemption
N/A
Travel
DreamFolks Membership
Domestic Lounge Access
N/A
International Lounge Access
2 International Lounge Visits
Golf
N/A
Insurance Benefits
Lost Card Liability ₹5,00,000
Fees & Charges
Spend-Based Waiver
N/A
Rewards Redemption Fee
N/A
Foreign Currency Markup
N/A
Interest Rates
N/A
Fuel Surcharge Waiver
N/A
Cash Advance Charges
N/A
Product Details
- This is a prepaid Forex card designed for students.
- This card has zero markup charges for international transactions.
- Cardholders get free access to international lounges with this card.
- Monthly three ATM fee waivers on cash withdrawals for five years.
- Lost Card Liability coverage up to ₹5,00,000.
Pros/Cons
Pros
This card charges a one-time fee of ₹2,500 and has no annual charge.
Cons
The joining fee for this card might be too high for some people.
Welcome Benefits Worth ₹15,000
The ICICI Bank Student Sapphiro Forex Prepaid Card offers multiple welcome benefits.
- Free international SIM Card.
- International Student Identity Card (ISIC) membership worth ₹999.
- The welcome kit contains a passport holder, booklet, and travel checklist.
No Charges on Cross Currency Transactions
No markup charges on any cross-currency transactions with this card. This would ease the burden on students and allow them to carry out their expenses without having to worry about additional charges. They can even make contactless payments with this card. ICICI Bank Student Sapphiro Forex Prepaid Card allows loading of upto 15 foreign currencies.
Other Benefits
- Monthly three ATM fee waiver on cash withdrawals for five years.
- Get 5% cashback on all online grocery shopping and transit bookings made through online channels. This is capped at ₹3,000 per month.
Bottom Line
Forex cards are quite popular amongst international students as they allow easy transactions for them. ICICI Bank Student Sapphiro Forex Prepaid Card has zero extra charges on cross-currency transactions. Simply add your money and spend at desired locations. Apart from the Forex features, this card also offers certain travel benefits like free international lounge access. One of the exclusive features of the card includes 5% cashback on groceries and transit spends made online.
FAQs:
Are there any fees associated with the ICICI Bank Student Sapphiro Forex Prepaid Card?
Yes, the ICICI Bank Student Sapphiro Forex Prepaid Card has the following fees: Joining Fee: ₹2,999 + GST. Renewal Fee: Nil (no annual charge).
What are the drawbacks of the ICICI Bank Student Sapphiro Forex Prepaid Card?
While the ICICI Bank Student Sapphiro Forex Prepaid Card offers many benefits, it does have some drawbacks, such as being limited to 5% cashback on specific categories, such as online grocery shopping and transit spends.