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 / Mastercard (Dual Card)Travel & Aviation CardsLast Verified: 2026-09-28

ICICI Sapphiro Credit Card

आईसीआईसीआई सफायरो क्रेडिट कार्ड

Premium dual-network travel card offering 16 domestic & 2 international lounge visits, golf games, and BookMyShow B1G1 tickets up to ₹500.

Annual Fee₹6,500 + GST (Renewal: ₹3,500 + GST)

Reward Rate6 ICICI Reward Points per ₹100 spent on international transactions. 3 ICICI Reward Points per ₹100 spent on domestic retail transactions. 1 Reward Point per ₹100 on utilities and insurance.

Airport Lounge4 complimentary domestic airport lounge visits per calendar quarter upon spending ₹35,000 in preceding quarter (up to 16 visits annually). 2 complimentary international airport lounge visits per calendar year via DreamFolks membership. 4 complimentary domestic railway lounge visits per quarter.

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

ICICI Sapphiro is the premium tier in the gemstone collection. Issued as dual cards (Visa Infinite + Mastercard World), it is crafted for senior executives and frequent flyers. It features 16 domestic lounge visits, 2 international lounge visits with DreamFolks, 4 golf games per month, and BookMyShow B1G1 tickets up to ₹500.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹6,500 + GST (Renewal: ₹3,500 + GST)

Fee Waiver: Spend ₹6,00,000 or more in each preceding anniversary year to get the annual renewal fee of ₹3,500 waived.

🎁Welcome Benefit

Welcome voucher bundle worth ₹9,000+ from luxury travel, shopping, and hospitality partners credited within 45 days of paying the joining fee.

⚡Reward Points Structure

6 ICICI Reward Points per ₹100 spent on international transactions. 3 ICICI Reward Points per ₹100 spent on domestic retail transactions. 1 Reward Point per ₹100 on utilities and insurance.

Redemption Value: 1 Reward Point = ₹0.25 (effective 1.50% on international, 0.75% on domestic retail). Points redeemable for luxury catalog products, vouchers, or statement credit.

🛫Airport & Railway Lounge Access

4 complimentary domestic airport lounge visits per calendar quarter upon spending ₹35,000 in preceding quarter (up to 16 visits annually). 2 complimentary international airport lounge visits per calendar year via DreamFolks membership. 4 complimentary domestic railway lounge visits per quarter.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Accidental air death cover of ₹3 Crores. Emergency medical expenses overseas up to ₹15 Lakhs. Baggage loss/delay cover up to ₹55,000.

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

🎯Milestone Spends & Grace Period

Milestones: Up to 4 complimentary rounds of golf every month based on qualifying spends. BookMyShow Buy 1 Get 1 free movie ticket discount up to ₹500 twice a month.

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

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Only 2 international lounge visits included annually. Domestic lounge access requires spending ₹35,000 in the prior quarter. Forex markup is 3.50%. Annual fee waiver requires a high threshold of ₹6 Lakhs.

Forex Markup Fee3.50% + GST on foreign currency transactions.

Cash Advance Fee2.5% of transaction 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.

Eligibility Criteria

Salaried Indian individuals aged 21 to 60 with monthly salary exceeding ₹1,25,000. Self-employed individuals aged 21 to 65 with annual ITR exceeding ₹15,00,000.

Age Requirement21 to 60 Years

Minimum Income₹1,25,000/month (Salaried) / ₹15,00,000/year ITR (Self-Employed)

CIBIL Score NoteA credit score of 760+ is standard. Alumni of premier institutes (IITs, IIMs, XLRI) frequently receive lifetime-free Sapphiro under the ICICI Alumni Program.

SBI RelationshipNot mandatory. ICICI Wealth Management clients receive priority processing.

How to Apply (Official Procedure)

Online Digital Application Flow

1Check eligibility on icicibank.com/sapphiro or via ICICI NetBanking.

2Enter PAN and mobile number for algorithmic credit evaluation.

3Select ICICI Sapphiro Dual Card lineup.

4Enter corporate email, employer details, and monthly salary.

5Complete online Video KYC session with bank official.

6Premium welcome box with both physical cards dispatched via courier within 3 business days.

Branch Application for Offline Applicants

Apply at any ICICI Bank branch through a Wealth Relationship Manager with PAN, Aadhaar, salary slips, and Form 16.

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

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 Form 16 OR Last 2 years' audited ITR with computation

4. Passport-size photograph.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on ICICI Sapphiro 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 Sapphiro 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 Sapphiro 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 1.50% on international, 0.75% on domestic retail). Points redeemable for luxury catalog products, vouchers, or statement credit. Please note: Reward points expire 3 years (36 months) from the date of accrual.

What is the interest-free grace period on ICICI Sapphiro Credit Card and how does it work?

The interest-free period on ICICI Sapphiro 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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