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INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official icicibank.com (ICICI Bank Ltd.) Most Important Terms and Conditions (MITC).
🏛️ICICI Bank Ltd.Network: Visa / MastercardSalaried & Everyday CardsLast Verified: 2026-09-28

ICICI Platinum Chip Credit Card

आईसीआईसीआई प्लेटिनम चिप क्रेडिट कार्ड

Unconditionally Lifetime Free (LTF) credit card with zero annual fees, microchip security, and 1% fuel surcharge waiver.

Annual FeeLifetime Free (₹0 Joining Fee / ₹0 Annual Fee)
Reward Rate2 ICICI Reward Points per ₹100 spent on all retail transactions (excluding fuel). 1 Reward Point per ₹100 on utilities and insurance categories.
Airport LoungeNo complimentary airport lounge access is included on this lifetime-free starter card.
Forex Markup3.50% + GST on foreign currency transactions.
01

What Is This Card

ICICI Platinum Chip Credit Card is one of India's most popular lifetime-free starter cards for first-time employees and students establishing their initial credit score. It comes with zero joining fee, zero annual renewal fee forever, microchip fraud protection, and Culinate dining discounts.

02

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

Lifetime Free (₹0 Joining Fee / ₹0 Annual Fee)

Fee Waiver: Unconditionally Lifetime Free (LTF) with zero annual maintenance fees.

🎁Welcome Benefit

Lifetime free card issuance with zero joining fee and microchip fraud protection.

⚡Reward Points Structure

2 ICICI Reward Points per ₹100 spent on all retail transactions (excluding fuel). 1 Reward Point per ₹100 on utilities and insurance categories.

Redemption Value: 1 Reward Point = ₹0.25 (effective 0.50% base return). Redeemable for catalog merchandise, retail vouchers, or statement cash credit.

🛫Airport & Railway Lounge Access

No complimentary airport lounge access is included on this lifetime-free starter card.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Standard fraud liability cover up to credit limit under zero lost card liability.

Fuel Surcharge: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 across all HPCL petrol pumps.

🎯Milestone Spends & Grace Period

Milestones: No milestone requirements; card is completely free for life with zero recurring maintenance charges.

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

03

What's Missing (Eligo's Honest Disclosures)

!

Fine-Print Exclusions & Realistic Costs

No airport or railway lounge access. Modest reward rate of 0.50% (2 points per ₹100 at ₹0.25/point). Standard 3.50% forex markup.

Forex Markup Fee3.50% + GST on foreign currency transactions.
Cash Advance Fee2.5% of withdrawn amount or ₹500 (whichever is higher) + 3.50% monthly finance charges.
Finance Charges (Interest)3.50% per month (42.00% per annum) on revolving balances.
Late Payment SlabsNil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).
Reward Points ExpiryReward points expire 3 years (36 months) from the date of accrual.
Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, wallet top-ups, rent payments, educational institutional fees, and government tax payments.
04

Eligibility Criteria

Salaried Indian individuals aged 21 to 60 with monthly salary exceeding ₹20,000. Self-employed individuals aged 21 to 65 with annual ITR exceeding ₹3,00,000.

Age Requirement21 to 60 Years
Minimum Income₹20,000/month (Salaried) / ₹3,00,000/year ITR (Self-Employed)
CIBIL Score NoteA credit score of 700+ is standard. Frequently issued as a first card to newly opened ICICI salary accounts.
SBI RelationshipNot mandatory. Open to all qualifying Indian citizens.
05

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit icicibank.com/cards or check iMobile Pay app.
2Enter PAN and mobile number for instant eligibility check.
3Select ICICI Platinum Chip Credit Card.
4Confirm employment details and monthly salary.
5Complete online Video KYC session with bank official.
6Card is approved and dispatched via courier within 3 to 5 business days.

Branch Application for Offline Applicants

Apply at any ICICI Bank branch with self-attested copies of PAN, Aadhaar, salary slip, and a passport-size photo.

Visit Official Card Page (icicibank.com)Download Official MITC (PDF)
06

Documents Required

1. PAN Card (statutory requirement)
2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID
3. Proof of Income: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Sheet
4. Passport-size photograph.
07

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on ICICI Platinum Chip Credit Card?
If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).. In addition, revolving finance charges at 3.50% per month (42.00% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.
Can I convert transactions on ICICI Platinum Chip Credit Card into EMI?
Yes, ICICI Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.
How do I track and redeem reward points or cashback on ICICI Platinum Chip Credit Card?
You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into ICICI Bank Ltd.'s official mobile banking application or web portal. 1 Reward Point = ₹0.25 (effective 0.50% base return). Redeemable for catalog merchandise, retail vouchers, or statement cash credit. Please note: Reward points expire 3 years (36 months) from the date of accrual.
What is the interest-free grace period on ICICI Platinum Chip Credit Card and how does it work?
The interest-free period on ICICI Platinum Chip Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.50% per month (42.00% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.
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