ICICI Bank Corporate Sapphiro Forex Card – Benefits, Fees & Eligibility

Introduction

The Corporate Sapphiro Forex Prepaid Card, issued by ICICI Bank, is designed for business travelers, offering a sophisticated solution for managing international expenses. It is distinguished as the world’s first Infinite Prepaid Card powered by VISA, providing premium benefits, seamless global transactions, and unmatched convenience. Key differentiating benefits include zero cross-currency markup, complimentary comprehensive card insurance up to ₹5 lakh, and a waiver on the first three monthly ATM withdrawals.

Welcome Perks & Issuance Benefits

• The first 2,500 cardholders are eligible for a Tata Cliq voucher worth INR 2,000 from VISA.

Supported Currencies & Wallet Features

• The card supports seamless transactions in 15 Global Currencies.

Fees and Charges

• Joining Fee: ₹2,999 plus GST.
• Annual Fee: NIL.
• Cross-Currency Markup: Zero cross-currency markup.
• International ATM Withdrawal Fees:
  • No charges will be levied on the first three withdrawals of the month.
  • No charges on the first withdrawal for the five-year validity period of the card.
  • Extra charges may be levied by the merchant ATM from which the customer is withdrawing.

Travel Features & Insurance

• Lounge Access:
  • 2 complimentary international lounge accesses.
  • To redeem, use the Dreamfolks app: register with membership ID and PIN from the card kit, browse lounges, and present the QR code for access.
  • Any additional access will incur a fee of USD 27.
• Insurance Cover: Complimentary comprehensive card insurance cover up to ₹5 lakh.
• Emergency Cash Assistance: In case of loss, the card can be instantly blocked through the InstaBIZ app or by contacting Customer Care at 1800 1080.
• Visa Infinite Benefits:
  • Hotel Offers: Access to deals from IHG, Visa Luxury Hotel Collection, Expedia, and Trip.com.
  • Car Rentals: Discounts and offers with Avis, Hertz, and Rentalcars.com.
  • Dining Discounts: 20% off at select restaurants.
  • Flight Offers: 8% off on Japan Airlines flights.
  • Global Chauffeuring: Access to the Visa airport limo transfer program.
• International SIM:
  • Eligible cardholders can avail this benefit via visaforex.poshvine.com by logging in with their card number.
  • After logging in, a unique code can be copied to visit the e-SIM/SIM card vendor's platform.
  • Select preferred call plan details and complete the KYC process by uploading necessary details.
  • Option to select an e-SIM (QR code sent via email) or a physical SIM card.
  • For a physical SIM card, a delivery charge of ₹100 applies.
• Meet & Greet Service:
  • Eligibility: Customers who have completed an initial load of USD 2,500 (or equivalent currency) on their card post issuance are eligible. The service is applicable only for international travel and for one individual per booking.
  • Benefit: Eligible customers receive a unique code within 5 working days after successful loading.
  • Booking Steps: Visit Visa Meet & Greet, complete OTP validation, provide 16-digit VISA card number, fill in travel details, select the Platinum Travel One Package, and enter the unique promo code at the payment page.

How to Manage the Card

• Fund Loading: Foreign currencies can be conveniently loaded onto the card through the InstaBIZ app or via ICICI Bank forex-enabled branches. The InstaBIZ app offers a seamless and secure experience for instant loading and management of funds.
• Card Limit Management: Online card limit management is available.
• Card Blocking: In case of loss, the card can be instantly blocked through the InstaBIZ app or by contacting Customer Care at 1800 1080.

Forex Card Review

The Corporate Sapphiro Forex Prepaid Card is an excellent choice for business travelers seeking premium benefits and efficient expense management. Its standout features include zero cross-currency markup, comprehensive insurance cover, and complimentary international lounge access, which significantly enhance the travel experience. The waiver on the first three monthly ATM withdrawals adds further value. The card's integration with the InstaBIZ app for digital reloading and card management offers great convenience. The array of Visa Infinite benefits, including hotel, car rental, dining, and flight offers, along with global chauffeuring and international SIM options, make it a comprehensive travel companion.

Important Product Details

• The card is the world’s first Infinite Prepaid Card, powered by VISA Infinite.
• It supports transactions in 15 global currencies.
• Offers free comprehensive card insurance cover up to ₹5 lakh.
• Features zero cross-currency markup.
• Provides 3 monthly ATM fee waivers.
• Allows digital reloading and online card limit management via the ICICI Bank InstaBIZ app.
• Includes 2 complimentary international lounge accesses.

Other Details

• Documents Required for Application:
  • Valid KYC documents.
  • Valid passport of the cardholder.
  • Additional documents as specified by ICICI Bank.
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