Introduction:

The ICICI Bank Platinum Chip Credit Card is an excellent choice for those looking for a straightforward credit card with essential benefits. This card is designed to provide value without any annual fees, making it ideal for new credit card users or those seeking a basic card with core features.

Key Highlights:

• No Annual Fee: Enjoy lifetime free usage with no annual fees.
• Reward Points: Earn 2 reward points for every Rs. 100 spent on all retail transactions.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions at HPCL petrol pumps.
• Dining Benefits: Up to 15% discount at over 2,500 partner restaurants under the ICICI Bank Culinary Treats Programme.
• Security Features: Enhanced security with an embedded microchip.

Reward Points:

Earning Points:

• 2 reward points for every Rs. 100 spent on retail purchases.

Redemption Options:

• Redeem points for cashback, gifts, or vouchers. Each reward point is equivalent to Rs. 0.25.

Fees and Charges:

• Joining Fee: None.
• Annual Fee: None.
• Finance Charges: 3.40% per month (40.80% annually).
• Late Payment Charges: Ranges from Rs. 100 to Rs. 1,300 based on the statement balance.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Cash Advance Charges: Higher of Rs. 300 or 2.5% of the amount withdrawn.

Additional Benefits:

• Dining Discounts: Up to 15% off at select restaurants across India through the ICICI Bank Culinary Treats Programme.
• Fuel Benefits: 1% fuel surcharge waiver at HPCL petrol pumps, limited to transactions up to Rs. 4,000.
• Annual Fee Waiver: Lifetime free usage with no annual fees.

Security Features:

The ICICI Bank Platinum Chip Credit Card is equipped with a microchip that ensures secure transactions and reduces the risk of fraud. The card also requires a PIN (Personal Identification Number) for transactions at merchant outlets, providing an additional layer of security.

Eligibility Criteria:

• Age:
  • Primary cardholder: 23 to 60 years.
  • Add-on cardholder: Minimum 18 years.
• Income:
  • Salaried individuals: Minimum monthly income of Rs. 20,000.
  • Self-employed individuals: Minimum annual income of Rs. 3.6 lakhs.
• Credit Score: Good credit score is required for approval.

Comparison with Similar Credit Cards:

Conclusion:

The ICICI Bank Platinum Chip Credit Card is an excellent choice for those looking for a simple, no-frills credit card with essential benefits. Its no annual fee, straightforward rewards program, and additional benefits like dining discounts and fuel surcharge waivers make it a practical option for everyday use. If you meet the eligibility criteria and are looking for a reliable credit card to start with, the ICICI Bank Platinum Chip Credit Card is a strong contender.