ICICI Sapphiro Credit Card

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The ICICI Sapphiro Credit Card is a premium card from ICICI Bank, known for its many valuable benefits like travel, lifestyle, and rewards. It’s made for people who want to enhance their spending experience.

Welcome & Milestone Rewards:

• When you join and pay the ₹6,500 joining fee plus taxes, you'll receive welcome benefits worth over ₹9,000.
• These benefits come as vouchers:
• ₹3,000 Tata Cliq voucher.
• ₹4,000 EasyMyTrip voucher, given as four ₹1,000 vouchers that can be used one at a time.
• ₹1,500 Chroma voucher.
• ₹1,000 Uber voucher, provided as four ₹250 vouchers that can be used one at a time.
• You usually get these vouchers within 45 days of paying the joining fee.

Milestone Rewards:

• If you spend ₹4 lakhs in a year, you will earn 4,000 reward points.
• For every additional ₹1 lakh spent beyond ₹4 lakhs, you will receive an extra 2,000 reward points.
• You can earn a maximum of 20,000 reward points each year through these rewards.
• Each reward point is worth 25 paise.

Travel & Lifestyle Perks:

a) Airport Lounge Access

• Cardholders get complimentary access to domestic airport lounges, with four visits allowed each quarter.
• To qualify for lounge access, you may need to spend at least ₹5,000 or ₹75,000 in the previous quarter, depending on the source. If you meet this spending requirement, you can enjoy four complimentary lounge visits in the next quarter.
• This totals up to 16 domestic lounge accesses each year.
• The card also offers two complimentary international lounge visits annually through Priority Pass.
• Additionally, you can use your Priority Pass membership for two free spa visits at domestic airports each year.
• For American Express cardholders, lounge access may be limited to specific airports; a list is available for reference.

b) Golf Benefits

• Golf lovers can enjoy free golf rounds or lessons.
• One source states that spending ₹50,000 or more each month allows one complimentary golf round, with a maximum of four rounds per month.
• Another source mentions that to receive four complimentary golf lessons and rounds, you need to spend ₹500 on your credit card in the previous quarter.

c) Movie Ticket Offer

Enjoy a "Buy One Get One Free" movie ticket deal on BookMyShow.

• This offer is available twice a month.
• The maximum discount per free ticket is ₹500. If the first ticket costs more than ₹500, the cardholder must pay the difference.
• This benefit could save you up to ₹12,000 a year on movies.

Rewards & Protection

a) Reward Points

• Domestic Spending: Earn two reward points for every ₹100 spent on domestic purchases, both online and offline (excluding fuel).
• International Spending: Get four reward points for every ₹100 spent internationally.
• Utility and Insurance Payments: Earn one reward point for every ₹100 spent on utility or insurance payments.
• Redemption Value: Each reward point is worth 25 paise. You can redeem these points for various vouchers or apply them as cash to your statement by calling ICICI customer care.

b) Fuel Surcharge Waiver

• The card offers a 1% waiver on fuel surcharges.
• This waiver applies to fuel purchases between ₹500 and ₹4,000.
• To get the waiver, the transaction must be at HPCL fuel stations, and the card must be used on an ICICI Bank machine.

c) Insurance Coverage

• Personal Air Accident (in case of serious incidents) - Rs. 3 crore
• Purchase Protection - Rs. 1.4 lakh
• Plane Hijacking and Credit Shield - Rs. 1 lakh each
• Loss of Checked-in Baggage - Rs. 84,000
• Card Liability Cover - Rs. 50,000
• Medical Expenses for Rail/Road accidents - Rs. 50,000
• Lost Passport or travel documents - Rs. 35,000
• Baggage Insurance - Rs. 25,000
• Delayed Checked-in Baggage - Rs. 21,000
• Missing a Connecting International Flight - Rs. 21,000
• Flight Delay - Rs. 17,500

d) Concierge Service

• A 24/7 concierge service is available to help cardholders.
• This service assists with bookings and arrangements such as travel, movie tickets, hotel reservations, sending flowers or gifts, and handling medical emergencies.

Fees & Eligibility

• Joining Fee:

  • The joining fee is ₹6,500 plus taxes.
  • After paying this fee, cardholders get welcome benefits worth over ₹9,000, making the fee seem small.

• Annual Renewal Fee:

  • The annual renewal fee is ₹3,500 plus taxes.
  • This fee can be waived if you spend ₹1.5 lakhs or more in the previous year. Don’t let the fee discourage you if the benefits are worth it.

• Other Charges:

  • Cash withdrawal from ATM: 2.5% of the amount or ₹500, whichever is higher.
  • Finance charges: If the bill is not paid on time, a charge of 3.40% per month applies, which is 40.8% per year. Some sources mention 3.75% per month.
  • Forex markup fee: A 3.5% fee is applied to foreign currency transactions.

Eligibility Criteria:

• The card is for both salaried and self-employed individuals.

• Applicants must have a monthly income of ₹80,000 or more.

• Existing ICICI Bank credit card holders may upgrade to this card.

• Required documents include PAN card, identity proof, and address proof.

• Additional Information:

  • The card offers an interest-free grace period of 48 days.
  • It features contactless payments for transactions up to ₹5,000 without a PIN at retail outlets.
  • The card provides significant value through welcome benefits, lounge access, and movie discounts.

How to Apply

You can apply online or offline.

a) For offline applications, visit your nearest ICICI Bank branch, fill out the form with the required details, and submit it with the necessary documents.

b) For online applications, go to the ICICI website, navigate to Cards -> Credit Cards -> click on “Sapphiro Credit Card” -> select Apply Now, fill out the online form with accurate details, and follow the instructions to review and submit your application.