* 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 negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.
The ICICI Bank Platinum Identity Credit Card gives 1.30 – 2.60% effective rewards on foreign spends and 0.65 – 1.30% on all domestic spends, with the reward rates increasing between annual spends of ₹2.5 lacs to ₹5 lacs.
Overall, we estimate you can earn a net reward yield of 0.8-1.1% on monthly spending above ₹50,000 with this card.
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 netreward 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 Platinum Identity Credit Card
Card Type
Reward
Reward Features
Annual spend up to ₹2.5 lacs
– 4 Hand-picked Rewards / ₹200 on Foreign spends
– 2 Hand-picked Rewards / ₹200 on all Domestic Spends
Annual spend between ₹2.5 – ₹5Lacs
– 5 Hand-picked Rewards / ₹200 on Foreign spends
– 3 Hand-picked Rewards / ₹200 on all Domestic Spends
Annual spend >₹5Lacs
– 8 Hand-picked Rewards / ₹200 on Foreign spends
– 4 Hand-picked Rewards / ₹200 on all Domestic Spends
Milestone Rewards
Nil
Other Rewards
Nil
Rewards Redemption Fee
₹99
Reward Caps
Unlimited
Preferred Redemption Method
Redeem on travel, dining, fashion, gadgets, and AirMiles from the Hand-picked Rewards catalouge
1 Point= ₹0.65
Fees & Charges
Card
ICICI Bank Platinum Identity Credit Card
Joining Fee
Nil
Annual Fee
₹750 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
N/A
Income Criteria
Salaried
N/A
Self-employed
N/A
Supplementary Card Fee
Free
Interest Rate
40.80% p.a.
Foreign Currency Markup
3.50%
Cash Advance Charge
2.50% with a minimum of ₹300
References & Footnotes
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Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.