By Divya Shokeen
Updated On October 19, 2021

ICICI Bank Platinum Identity Credit Card is a basic entry-level credit card from the Bank. Unlike most other ICICI Bank cards, you do not earn rewards as PAYBACK Points with the Platinum Identity Credit Card. Instead, you earn Hand-picked Rewards on your Platinum Identity account for incremental spends of Rs. 200 and accelerated Hand-picked Rewards on crossing the stipulated annual spends-based thresholds. You have to pay an initial joining fee of Rs. 2,000 for the Platinum Identity Card and a membership fee of Rs. 750 per annum is applicable second year onwards. Read on to learn more about this entry-level offering by ICICI Bank.

ICICI Bank Platinum Identity Credit Card

Best Suited For

Shopping |

Joining Fee

Nil

Reward Type

Reward Points |

Product Details

  • 2 Hand-picked Rewards per Rs. 200 on domestic spends and 4 Hand-picked Rewards per Rs. 200 on international spends.
  • Accelerated Hand-picked Rewards on crossing the stipulated spends thresholds.
  • 24×7 i-Assist (ICICI Bank’s concierge service) support for assistance regarding hotel/flight bookings, hotel reservations, gift deliveries, etc.
  • Fuel surcharge waived at all petrol pumps across India.

Rewards and Benefits

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

2 Hand-picked Rewards per Rs. 200 on domestic spends, 4 Hand-picked Rewards per Rs. 200 on international spends, 3 and 5 Hand-picked Rewards per Rs. 200 on domestic and international spends respectively on crossing the annual spends threshold of Rs. 2.5 lakh, 4 and 8 hand-picked rewards on domestic and international spends respectively on crossing the annual spends threshold of Rs. 5 lakh

Reward Redemption

Hand-picked Rewards can be redeemed for Air Miles and other travel-related spends and for spends on fashion, electronics, gadgets and dining categories on the Hand-picked Rewards catagog.

Travel

N/A

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

Cardholder shall not be liable for any fraudulent transaction made with the card post reporting the loss of card to the bank.

Fees & Charges

Joining Fee

Nil

Renewal Fee

Rs. 750 (plus applicable taxes)

Spend based Waiver

N/A

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

3.50% of the transaction amount

Interest Rates

3.40% per month (or 40.8% per annum)

Fuel Surcharge

Fuel surcharge waived at all filling stations across India

Cash Advance Charge

2.5% or a minimum of Rs. 300

Add-on Card Fee

Nil

ICICI Bank Platinum Identity Credit Card Rewards:

  • 2 Hand-picked Rewards per Rs. 200 on domestic spends and 4 Hand-picked Rewards per Rs. 200 on international spends.
  • 3 Hand-picked Rewards per Rs. 200 on domestic spends and 5 Hand-picked Rewards per Rs. 200 on international spends post crossing the annual spends threshold of Rs. 2,5 lakh.
  • 4 Hand-picked Rewards per Rs. 200 on domestic spends and 8 Hand-picked Rewards per Rs. 200 on international spends post crossing the annual spends threshold of Rs. 5 lakh.

Reward Redemption:

The Hand-picked Rewards earned on your ICICI Bank Platinum Identity Credit Card can be redeemed against travel, dining, fashion, gadgets, home electronics spends, or Air Miles from the Hand-picked Rewards catalog.

Concierge Service:

You get a dedicated 24×7 i-Assist (ICICI’s concierge service) support for assistance regarding hotel reservations, flight bookings, restaurant table reservations, gift deliveries, etc. Apart from this, you also get 24×7 medical service and emergency auto assistance with your ICICI Platinum Identity Credit Card.

Fuel Surcharge Waiver:

The fuel surcharge applicable on fuel purchases is waived off at all filling stations across the country.

Conclusion:

Considering that it is a basic credit card and comes with an annual membership fee of just Rs. 750, it can be considered to be a good pick for first-time cardholders. Although you don’t get many additional benefits like complimentary lounge access, complimentary rounds of golf, etc, the card does offer a decent reward rate. Apart from the Hand-picked Rewards, you also get a complimentary concierge service from the bank, which most entry-level credit cards don’t offer. If you’re planning to sign up for a new credit card, the Platinum Identity Card by ICICI Bank is certainly worth looking at. Do let us know your opinion on the ICICI Bank Platinum Identity Credit Card; and if you’re an existing cardholder, do let us know your experience with the card.

FAQs:

The Hand-picked Rewards accumulated on your ICICI Bank Platinum Identity Credit Card can be redeemed for various categories of spends ranging from travel and Air Miles to dining and fashion  from the Hand-picked Rewards catalog.

No, w.e.f. 1st June, 2013, you no longer get the complimentary Priority Pass membership with ICICI Bank Platinum Identity Credit Card.

i-Assist is ICICI Bank’s proprietary concierge service for assistance regarding hotel/flight bookings, table reservations at restaurants, gift/flower deliveries, etc. You get i-Assist support complimentary with the ICICI Bank Platinum Identity Credit Card.

Yes, you can apply online for this card. If you wish to visit the bank for applying, you can also do that. For online procedure click here.

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