Adani One ICICI Bank Platinum Credit Card – Benefits, Fees & Eligibility

Welcome Benefits

• Flight Voucher: Receive a voucher worth ₹2,000 on spending ₹10,000 within 60 days of card activation.
• Hotel Voucher: Receive a voucher worth ₹1,000 (requires a minimum transaction of ₹5,000).
• Holiday Voucher: Receive a voucher worth ₹2,000 (requires a minimum transaction of ₹20,000).
• Total Value: Cardholders can receive vouchers worth over ₹5,000 upon meeting activation and spend requirements.
• Note: Only customers who pay the joining or annual fee are eligible for the flight voucher. Those who avail of the card without joining/annual fees are ineligible.

Fees

• Joining Fee: ₹750 + GST.
• Annual Fee: ₹750 + GST.
• Spend-Based Waiver: The annual fee is waived for the following year if you spend over ₹3,00,000 in a calendar year.
• Foreign Currency Markup: 3.5%.
• Interest Rates: 3.75% per month (45% per year) if only the minimum due is paid.
• ATM Withdrawal Interest: 3.75% interest per month.
• Cash Advance Charges: 2.5% of the amount withdrawn, subject to a minimum of ₹500.
• Late Bill Payment Charges: Ranging from ₹100 to ₹1,300.
• Fuel Surcharge: 1% surcharge waiver on fuel transactions between ₹400 and ₹4,000 (maximum waiver up to ₹4,000).

Rewards

Reward Earning Rates

• Adani One Ecosystem: 3% reward points on spends made within the Adani ecosystem (Adani-managed airports, Trainman, Adani Gas, Adani Electricity, etc.).
• International Spends: 1.5% reward points on every ₹100 spent.
• Domestic Spends: 1% reward points on every ₹100 spent.
• Utility and Insurance: 0.5% Adani reward points on utility and insurance spends.
• iShop: Earn up to 4% cashback on iShop.
• Exclusions: No reward points are awarded for fuel, gambling, EMI, or rent payments.

Travel and Airport Benefits

• Domestic Lounge Access: 2 complimentary domestic airport lounge visits per quarter (8 annually).
• Premium Lounge Upgrades: 8 premium lounge upgrades annually at Adani-managed airports (including the premium section at Mumbai Airport T2).
• Valet Parking: 2 instances of valet parking and car washing annually upon card activation.
• Premium Parking: 2 instances of premium car parking annually upon card activation.
• Porter Services: Up to 4 porter services per year at Adani-managed airports. 2 services are unlocked upon spending ₹1,00,000, and the remaining 2 are unlocked upon spending ₹2,00,000 annually.

Entertainment

• Movie Tickets: 25% discount (up to ₹100) on movie tickets through BookMyShow and INOX. This offer can be availed twice every month.

Rewards Redemption Guide

• Crediting: Reward points are credited to the Adani One App as Adani OneApp Rewards at the end of each billing cycle.
• Redemption Value: 1 Adani Reward Point = ₹1.
• Redemption Platform: Points can be redeemed via the Adani One ecosystem for various travel and lifestyle services.

Card Eligibility Criteria

Eligibility Rules

• Citizenship: Must be an Indian citizen.
• Age: Over 21 years of age.
• Salaried Individuals: Monthly income of at least ₹20,000.
• Self-Employed Individuals: Annual income of at least ₹2,40,000.
• CIBIL Score: A minimum CIBIL score of 750 is required.

Documents Required

• Identity Proof.
• Address Proof.
• Income Proof.
• Digital Processing: No physical documents are required if processed via DigiLocker.

Card Review

• Overall Verdict: The Adani One ICICI Bank Platinum Credit Card is an ideal choice for frequent domestic flyers who frequent Adani-managed airports and utilize their ecosystem for utilities or travel.
• Pros:
  • Affordable joining fee of ₹750.
  • No spending requirement for domestic airport lounge access (most other ICICI cards require ₹75,000 per quarter).
  • High reward value with a 1:1 point-to-rupee redemption ratio.
  • Generous welcome vouchers exceeding the cost of the joining fee.
  • Exclusive airport privileges like valet parking and car washing.
• Cons:
  • No dedicated dining benefits.
  • Lack of international lounge access.
  • High foreign currency markup fee of 3.5%.
  • No insurance benefits included.
  • Porter services are subject to high annual spending milestones.

Important Product Details

Positive Highlights

• Welcome vouchers worth ₹5,000 (Flight, Hotel, and Holiday).
• 8 complimentary domestic lounge visits per year.
• 8 premium lounge upgrades per year at Adani-managed airports.
• 2 valet parking and 2 premium parking instances annually.
• Up to ₹2,400 annual savings on movie tickets.
• Reward points credited directly to the Adani One App.

Negative Highlights

• High interest rate of 45% per annum on defaults or cash advances.
• Spend criteria of ₹1 Lakh and ₹2 Lakh respectively to unlock porter services.
• No reward points for rent, fuel, EMI, or gambling.
• High 3.5% forex markup.

Other Details

• Activation: The card can be activated via the iMobile app, Internet Banking, or by following instructions in the welcome kit.
• Card Interest: Over 14,430 people have expressed interest in this product.
• Integration: Part of the first association between Adani and ICICI Bank.
• Variants: There are two types of Adani One ICICI Bank Credit Cards: Platinum and Signature. The Signature card has a higher joining fee of ₹5,000 + GST.
• Meet and Greet: This card does not include meet-and-greet services, though it offers porter services.