By Bharti Bisht
Updated On October 15, 2021

ICICI Bank Sapphiro Credit Card is a premium credit card that has been categorized under the Gemstone Collection. This credit card comes with an annual fee of Rs 6,500 and you can experience an array of privileges, attractive offers, and user-friendly features. The card is offered in two variants- American Express and Mastercard, allowing its customers to get the benefits of two cards with a single account. The card is not only best for frequent travelers, but also for people who aim to have a card with maximum saving opportunities, entertainment benefits, and many more other advantages.

With exclusive welcome benefits worth more than the joining fee, the ICICI bank aims to give a great start to your journey with this card. You get rewarded for almost every purchase you make using your ICICI credit card. Be it domestic/international purchases, utility bill payments, fuel purchases, or anything, you will save every time you spend. The Sapphiro credit card has a number of exciting features that you must know. Read on to get detailed information about the card:

Best Suited For

Travel | Shopping |

Joining Fee

Rs 6,500 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • Welcome benefits worth more than Rs. 9,000.
  • An opportunity to earn Rs. 750 cashback as a welcome gift through the AmEx variant.
  • Earn up to 6 PAYBACK Points on every Rs 100 spent on international purchases and 3 PAYBACK Points on every Rs 100 spent on domestic purchases.
  • Up to 20,000 bonus PAYBACK Reward Points every year under Milestone Reward Program.
  • Exclusive offers and benefits under the ICICI Culinary Treats Programme.
  • BOGO (Buy 1 Get 1 Free Offer) on movie tickets on BookMyShow.
  • Get complimentary Lounge Access within and outside India, and complimentary spa sessions at selected domestic airports.
  • Avail 24×7 concierge service through ICICI’s i-Assist.
  • Avail of complimentary golf sessions up to 4 times a month at some of the finest golf courses across the globe.
  • 1% of Fuel Surcharge Waiver at all fuel stations across India.

Rewards and Benefits

Welcome Benefits

Get exclusive travel & shopping gift vouchers worth more than Rs. 9,000 and get a cashback of Rs. 750 on spending Rs 20,000 within 60 days of issuance of the Sapphiro AmEx card.

Movie & Dining

Get Rs. 500 off on the second movie or event ticket when you buy one ticket from Book My Show. A discount of 15% or more on dining through the ICICI Bank Culinary Treats Programme.

Rewards Rate

On every Rs. 100 spent, get 6 PAYBACK Points on international purchases & 3 PAYBACK Points on domestic purchases through the AmEx variant and get 4 PAYBACK Points on international purchases & 2 PAYBACK Points on domestic purchases through the Mastercard variant.

Reward Redemption

The PAYBACK Points you earn can be redeemed against various products and categories, like travel, electric appliances, shopping, cash, etc, at a rate of 1 PAYBACK Point = Re. 0.25.

Travel

Get complimentary Domestic &  International Airport Lounge Access and complimentary Spa Sessions at select Domestic airports under the Dreamfolks Membership Programme.

Golf

Get complimentary golf sessions up to 4 times a month at some of the finest golf courses across the globe.

Domestic Lounge Access

Complimentary domestic airport lounge access four times in quarter (2 times on AmEx variant and 2 times on Mastercard variant).

International Lounge Access

Get 2 complimentary International Airport Lounge Access every year through the Dreamfolks membership.

Insurance Benefits

Air accident insurance worth Rs 3 crores, Credit Shield Cover worth Rs 50,000 and other travel-related Insurance Covers.

Zero Liability Protection

Lost card liability worth Rs. 50,000 applicable from 2 days before reporting and till 7 days after reporting the loss of card.

Fees & Charges

Joining Fee

Rs 6,500 (plus applicable taxes)

Renewal Fee

Rs. 3,500 (plus applicable taxes)

Spend based Waiver

Renewal fee waived off on annual spends of Rs 6 Lakhs.

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 total transaction value.

Interest Rates

3.4% per month (or 40.8% per annum)

Fuel Surcharge

1% of Fuel Surcharge Waiver (Maximum waiver of Rs 250 per billing cycle) at all fuel stations across India.

Cash Advance Charge

2.5% of the total transaction amount (minimum Rs. 300)

Add-on Card Fee

Nil

ICICI Bank Sapphiro Credit Card Welcome Benefits:

  • With ICICI Bank Sapphiro Credit Card, you get exclusive gift vouchers worth more than Rs. 9,000 within 45 days of successful payment of the Membership fee as a welcome privilege. The following vouchers will be included in this package-
    • Tata Cliq Voucher worth Rs 3,000
    • Croma Voucher worth Rs 1,000
    • Ease My Trip Vouchers worth Rs 4,000
    • Uber Vouchers worth Rs 1,000
    • Zomato Pro- 12 Month Membership worth Rs. 800
  • Also, if you spend Rs 20,000 in the first 60 days on your ICICI Sapphiro AmEx variant you get Rs 750 as a cashback reward.

Rewards Rate:

  • With ICICI Bank Sapphiro AmEx Credit Card, you can earn up to 6 PAYBACK Points on spending Rs 100.
  • With the ICICI Bank Sapphiro Mastercard Credit Card, you can earn up to 4 PAYBACK Points on spending Rs. 100.
  • You can also earn 1 Payback reward point on every Rs 100 spent on Fuel, Utilities, and Insurance categories.
  • Earn 50% extra reward points on ICICI Sapphiro Amex Credit Card.
Spend Category Payback Points (MasterCard Variant) Payback Points (AMEX Variant)
Domestic 2 3
International 4 6

Movie & Dining:

Get 1 movie or event ticket free every time you buy 1 ticket on BookMyShow. The maximum price of the complimentary movie ticket can be Rs. 500 and the offer can be availed 2 times a month.

ICICI Bank Sapphiro Credit Card allows you to enjoy your favorite delicacies by availing exclusive offers and benefits under the ICICI Culinary Treats Programme.

Reward Redemption:

With ICICI Bank Sapphiro Credit Card, you can redeem your Payback reward points by below given methods- 

In the form of cash, purchase of any products like mobiles, electronic appliances or any gift vouchers like a movie, food, travel, etc.

Redemption Method Cash (1 PB Reward Point= Rs 0.25).
Cash is transferred to your card associated account within 7 working days.
Gifts/ Vouchers
(You can redeem these Payback Reward Points by purchasing a product or vouchers available in the catalogue on payback.in)

Travel Benefits:

ICICI Bank Sapphiro Credit Card, allows you to access Airport Lounges in India 4 times in a quarter (2 times on the AmEx variant and 2 times on Mastercard variant) by spending Rs 5,000 or more in the previous quarter. Apart from this, you also get access to International Airport Lounges 2 times and 2 complimentary spas each year at selected domestic airports through the Dreamfolks membership.

Golf:

With ICICI Bank Sapphiro Credit Card, you can enjoy up to 4 complimentary golf sessions every month, for every Rs 50,000 retail spends in the previous month. You can book your slot at your convenience at golftripz.com and enjoy your golf session at some of the finest golf courses across the globe.

Insurance Benefits

With ICICI Bank Sapphiro Credit Card, you get the following insurance benefits:

Insurance Coverage
Personal Air Accident Rs 3 Crore
Baggage insurance Up to Rs 25,000
Loss of checked-in baggage USD 1200
Delay in receipt of checked-in baggage USD 300 (in excess of 12 hours)
Missing flight due to trans-shipment USD 300
Loss of travel documents USD 500
Delay in flight USD 250 (in excess of 12 hours)
Plane hijacking USD 250 Per Hour (up to max 12 Hrs.)

Milestone Benefits

With ICICI Bank Sapphiro Credit Card, you earn 4,000 Payback points on spending Rs 4 lakhs in an anniversary year, and you get 2,000 Payback Points every time you achieve a milestone spend of Rs. 1 lakh. You can get a maximum of 20,000 PAYBACK Reward Points under the Milestone Reward Program.

Concierge Service

ICICI Bank Sapphiro Credit Card offers 24×7 concierge services and assists regarding:

  • Flight referral and reservation.
  • Hotel and restaurant reservation.
  • Flowers and gifts.
  • Booking and delivery of movie tickets.
  • Medical Concierge services.

Conclusion

The premium ICICI Bank Sapphiro Credit Card is undoubtedly a significant choice for individuals, who believe in having a credit card with multiple benefits over different categories, including Reward offers, travel, entertainment, dining, etc. This card rewards you for all the domestic and international spends you make using it, with the AmEx variant offering 50% greater rewards in comparison to the Mastercard variant. Moreover, ICICI Bank Sapphiro Credit Card allows you to enjoy your favorite delicacies by availing exclusive offers and benefits including a 15% saving on bills under the ICICI Culinary Treats Programme at more than 2,500 restaurants all over India.

You can also avail of 2 complimentary movie tickets worth up to Rs. 500 each, saving you up to Rs. 12,000 per year. Talking about its travel benefits, the card provides complimentary domestic as well as international lounge access every year, making your travel experiences even more luxurious. All these privileges make this card worth trying.

FAQs:

Payback Reward Points are valid for 3 years from the date of accrual.

Yes, the Renewal fee is waived off on annual spending of Rs 6 Lakhs.

Yes, you get an Air Accidental Insurance of Rs 3 Crores which can be used by the cardholder itself.

You can avail 2 spa sessions at selected airports in India in 1 year under the Dreamfolks Program.

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