moolahgeeks is no longer being updated. Our recommendations may be outdated and should not be relied upon. Learn more

ICICI Bank Platinum Identity Credit Card

by Kshitiz V Sharma on

The Bottom Line

ICICI Bank Platinum Identity Credit Card
Low Fee, Average Rewards

4 - 8 Hand-picked Rewards / ₹200 on foreign spends & 2 - 4 points on all domestic spends. Higher spending = higher reward rate.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield -0.7%^ 0.1% 0.4% 0.8% 1.1%
Est. Monthly Reward (₹) (35) 5 75 390 1,125
All-India Rewards Rank* 211 224 239 175 106
Within Bank Rank* 24 22 25 11 7
* 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 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 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

Rate this article

Comments are closed.

Questions? Suggestions? See a mistake? Write to us!

E-mail

More in Credit Cards

How much

How much are International Airline Miles worth in India?

by Kshitiz V Sharma on

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.

RBL Bank Play Credit Card

RBL Bank Play Credit Card

by Kshitiz V Sharma on

2 Free Movie / Stream / Play / Events / Sports / Activities tickets up to ₹250 each and ₹100 off on F&B Spends on BookMyShow tickets.

RBL Bank Platinum Bonus Supercard

RBL Bank EasySaver SuperCard

by Kshitiz V Sharma on

8 reward points / ₹400 on bill payments & education and 1 point on all other spends. Fuel surcharge waiver of up to ₹100 per month.