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ICICI Bank Instant Platinum Credit Card

by Kshitiz V Sharma on

The Bottom Line

ICICI Bank Instant Platinum Credit Card
Lifetime Free, Low Rewards

2 reward points / ₹100 on all spends and 1 reward point on fuel purchases. No Joining and Annual Fees.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield 0.4% 0.4% 0.5% 0.5% 0.5%
Est. Monthly Reward (₹) 15 40 90 235 480
All-India Rewards Rank* 108 161 223 265 263
Within Bank Rank* 13 13 22 33 32
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

The ICICI Bank Instant Platinum Credit Card gives 0.25% effective reward on fuel purchases and 0.50% effective reward on all other spending.

Overall, we estimate you can earn a net reward yield of 0.4-0.5% on all spending with this card in a month.

The Mine Credit Card is the best credit card from ICICI Bank for most people.

Sign up for the PRO 49 plan if you are spending less than ₹20,000 a month on your card. The PREMIUM 149 plan is best if you are spending between ₹20,000 – 50,000.

You can earn a net reward yield of 1.4-1.8% on all your spending with this credit card.

If you are spending more than ₹50,000 a month on your card, the Amazon Pay ICICI Bank Credit Card is the best option from ICICI Bank. We estimate you can earn a net reward yield of 1.2% with this card.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card ICICI Bank Instant Platinum Credit Card
Card Type Reward
Reward Features 2 Reward Points / ₹100 on all spends

1 Reward points / ₹100 on Fuel Purchases

Milestone Rewards Nil
Other Rewards – 15% off on dining through the ICICI Bank Culinary Treats Programme

– 25% discount(up to ₹100) on movie tickets at BookMyShow

Rewards Redemption Fee ₹99
Reward Caps Unlimited
Preferred Redemption Method Redeem for various categories and products, including shopping, gift vouchers

Fees & Charges

Card ICICI Bank Instant Platinum Credit Card
Joining Fee Nil
Annual Fee Nil
Min. Annual Credit Card Spend
for Fee Waiver
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Nil
Interest Rate 29.88% p.a.
Foreign Currency Markup 3.50%
Cash Advance Charge 2.50% with a minimum of ₹300

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