By Bharti Bisht
Updated On September 14, 2021

The ICICI Bank Platinum Chip credit card comes with a nominal joining fee of Rs. 199, and allows you to save amazingly on all your spends. With this card, you can earn up to 2 PAYBACK Points on your purchases, and redeem those points against several options that are available at the Payback app/website. Moreover, it provides its customers with exciting discount offers on dining across 2500+ restaurants in India through the ICICI Bank Culinary Treats Programme. The cardholders can also save 2.5% on all their fuel transactions at HPCL pumps. To know all about the ICICI Bank Platinum Chip credit card, its benefits, and fees & charges, keep reading the details given below:

Best Suited For

Dining |

Joining Fee

Rs. 199

Reward Type

Reward Points |

Product Details

  • Earn 2 PAYBACK Points on every spend of Rs. 100 on retail purchases.
  • Earn 1 PAYBACK Point on every Rs. 100 spent on insurance & utilities.
  • 2.5% fuel surcharge waiver at all HPCL pumps.
  • Exciting discount offers on dining through the Culinary Treats Programme.
  • Spend-based waiver of annual fee.

Rewards and Benefits

Welcome Benefits

N/A

Movie & Dining

Up to 15% off on dining through the ICICI Bank Culinary Treats Programme.

Rewards Rate

2 PAYBACK Points on every retail spend of Rs. 100

Reward Redemption

The PAYBACK Points you earn can be redeemed through the Payback website/app against various options. 1 PAYBACK Point = Rs. 0.25

Travel

N/A

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

Zero Liability Protection for a lost/stolen card is provided if reported in a timely manner.

Fees & Charges

Joining Fee

Rs. 199

Renewal Fee

Rs. 99

Spend based Waiver

The annual fee is waived off on spending Rs. 50,000 or more in the previous year.

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.4% per month (or 40.8% per annum)

Fuel Surcharge

2.5% fuel surcharge is waived off at all HPCL fuel stations.

Cash Advance Charge

2.5% of the amount transacted subject to a minimum of Rs. 300

Add-on Card Fee

Nil

ICICI Bank Platinum Chip Credit Card Rewards:

  • You Get 2 PAYBACK Points on every spend of Rs. 100 on retail purchases.
  • You can earn 1 PAYBACK Point on every Rs. 100 spent on utilities and insurance services.

Rewards Redemption

  • The rewards you earn in the form of PAYBACK Points can be redeemed against a variety of options available at the Payback website/app.
  • 1 PAYBACK Point = Rs. 0.25.
  • The ICICI bank charges a Reward redemption fee of Rs. 99 per redemption request.

Dining Benefits

Avail a discount of up to 15% in 2500+ restaurants in India through the ICICI Bank Culinary Treats Programme.

Fuel Surcharge

You get a 2.5% fuel surcharge waiver at all HPCL petrol pumps for a maximum transaction of Rs. 4,000.

Spend Based Waiver of Annual Fee

The annual fee of Rs. 99 is waived off if you spend Rs. 50,000 or more in the previous year.

Conclusion

The ICICI Bank Platinum Chip credit card is a great choice for people looking for an affordable credit card with maximum saving opportunities. Along with offering PAYBACK Points on all your spends, it provides exclusive discount offers on dining, which is a big plus of the card. Moreover, it gives you an extra fuel surcharge waiver on HPCL pumps. So, having a card with such a low annual fee and availing of such great benefits is something that many people want. If you are one of them, you should definitely go for the ICICI Bank Platinum Chip Credit Card.

FAQs:

No, you get a 2.5% fuel surcharge waiver only at HPCL pumps for all fuel transactions up to Rs. 4,000.

For the ICICI Bank Platinum Chip credit card, 1 PAYBACK Point = Rs. 0.25

The ICICI Bank Platinum Chip Credit Card comes with a joining fee of Rs. 199.

You can avail up to a discount of 15% on dining through the ICICI Bank Culinary Treats Programme.

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