Federal BankThe ICICI Bank Instant Platinum Credit Card is a secured credit card, issued against a fixed deposit. The card caries zero renewal fee and earns you Reward points every time you make a purchase using it. Moreover, to let you save more on other categories, the card provides amazing discounts on dining and movies keeping your requirements in mind.
Other than these benefits mentioned, you can save on fuel transactions as the card comes with a fuel surcharge waiver. More of its benefits include a low-interest rate on revolving credit. To get full details about the ICICI Bank Instant Platinum Credit Card, advantages, and fees & charges, refer to the details given below:
ICICI Bank Instant Platinum Credit Card
Fees
Joining Fee
Renewal Fee
Best Suited For
Movies | Shopping |
Reward Type
Reward Points
Welcome Benefits
Movie & Dining
25% discount on movie tickets (up to Rs. 100) on booking a minimum of 2 tickets in a single transaction on BookMyShow. Discount can be availed for a maximum of two times in a month.
Rewards Rate
2 Reward Points per Rs. 100 spent.
Reward Redemption
The Reward Points are redeemable for gifts/shopping vouchers and for purchasing products from the Rewards Catalog.
Travel
N/A
Golf
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Insurance Benefits
N/A
Zero Liability Protection
For any fraudulent transaction done on the card, the cardholder will not be liable for any unauthorized transaction.
Spend Based Waiver
N/A
Rewards Redemption Fee
Rs. 99 per redemption request
Rewards Redemption Fee
Rs. 99 per redemption request
Foreign Currency Markup
3.5% on all international transactions
Interest Rates
2.49% per month
Fuel Surcharge
1% fuel surcharge waiver for all fuel transactions up to Rs. 4,000
Cash Advance Charges
2.5% of the cash amount transacted (minimum of Rs. 300)
Add-on Card Fee
Nil
- It is a secured credit card that is issued against a fixed deposit.
- 2 Reward Points for every Rs. 100 you spend with the card (except on utilities, insurance and fuel).
- 1 Reward Point for every Rs. 100 you spend on fuel purchases.
- Minimum 15% off on dining transactions at partner restaurants under the ICICI Bank Culinary Treats Program.
- 25% discount on movie tickets on BookMyShow on purchasing 2 movie tickets in a single transaction (max twice in a month).
- 1% surcharge waived on fuel purchases at all fuel stations all over India for transactions of up to Rs. 4,000.
ICICI Bank Instant Platinum Credit Card Rewards:
- You get 2 Reward Points per Rs. 100 spent using your card.
- You earn 1 Reward Point per Rs. 100 spent on insurance-related transactions or utility bills.
Rewards Redemption
- The Reward Points you earn using your ICICI Bank Instant Platinum Credit Card can be redeemed at the www.icicibank.com website.
- 1 RP = Re. 0.25.
- The earned Reward points are redeemable against various categories and products, including shopping, gift vouchers, and many more.
Dining & Movie Benefits
- Avail of a discount of 15% or more on dining with the ICICI Bank Culinary Treats Programme.
- You get an assured discount of 25% on movie tickets on BookMyShow on a minimum purchase of two movie tickets.
- The maximum discount you can get on movie tickets is capped at Rs. 100 twice in a month.
Fuel Surcharge Waiver
The 1% fuel surcharge is waived off on fuel transactions below Rs. 4,000 if you pay using your ICICI bank Instant Platinum Credit Card.
Eligibility Criteria
The ICICI Bank Instant Platinum Credit Card is a secured credit card that can be issued against an FD of Rs. 20,000 or above. The minimum tenure of the fixed deposit needs to be of 180 days or more.
How To Apply for the ICICI Bank Instant Platinum Credit Card?
To apply for this card, you have to get a fixed deposit of a minimum of Rs. 20,000 with the ICICI Bank. You can either visit the branch nearest to you to get your card instantly or you can apply online through the ICICI Bank’s internet banking.
Conclusion
Being a zero annual fee credit card, the ICICI Bank Instant Platinum provides exclusive benefits one can expect from a lifetime free credit card. One of the most significant advantages of the cards is: it is a low-interest credit card, unlike most other credit cards that have an interest rate of 3% and above.
Other than the savings you make from its reward program, you can save up to Rs. 2,400 annually on movies, which is not a bad deal. Being a secured credit card, the card allows you to build or rebuild your credit score that too without any annual fee. So, if you want a secured credit card offering exciting benefits, this card would be a great choice.
FAQs:
With the ICICI Bank Instant Platinum Credit Card, you can avail of a discount of 25% (up to Rs. 100) on movies two times a month on BookMyShow.
The minimum amount required to apply for this card is Rs. 20,000.
The ICICI Bank Instant Platinum Credit Card has no joining/annual fee.
Yes, the Reward Points earned with ICICI Bank Instant Platinum Credit Card are redeemable against cash.
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