ICICI Bank Ferrari Signature Credit Card – Benefits, Fees & Eligibility

ICICI Bank Ferrari Signature Credit Card

Introduction

The ICICI Bank Ferrari Signature Credit Card is a co-branded credit card launched in partnership with Ferrari, designed specifically for Ferrari enthusiasts. It offers exclusive Ferrari privileges, including a discount of up to 20% on Ferrari merchandise. Top spenders can receive exceptional benefits such as a trip to Ferrari’s home in Italy. Additionally, cardholders earn 2 Reward Points on every Rs. 100 spent, which can be redeemed across various categories. The card also provides travel and entertainment benefits, including up to 2 complimentary movie tickets monthly and 2 complimentary domestic lounge accesses quarterly, alongside a spend-based annual fee waiver and fuel surcharge waiver.

Welcome Benefits

• An exclusive Scuderia Ferrari Watch is provided as a welcome gift.
• Every cardholder receives the Scuderia Ferrari Watch without any spend criteria.

Fees

• Joining Fee: Rs. 3,999 + GST
• Renewal Fee: Rs. 999 + GST
• Spend-Based Waiver: The annual fee is waived off on spending Rs. 2,50,000 or more in the previous year. This also applies to the renewal fee.
• Rewards Redemption Fee: Rs. 99 on every redemption request.
• Foreign Currency Markup: 3.5% on all overseas transactions.
• Interest Rates: 3.40%
• Fuel Surcharge: 1% fuel surcharge waiver at all HPCL fuel stations for fuel transactions worth up to Rs. 4,000.
• Cash Advance Charges: 2.5% of the transacted amount, subject to a minimum of Rs. 300.

Rewards

• Rewards Rate: Earn 2 Reward Points on every Rs. 100 spent.
• Reward Exclusions: No reward points are earned for fuel transactions.

Movie & Dining

• Movies: Avail Buy 1 Get 1 Free offer on movie tickets on BookMyShow, up to 2 complimentary movie tickets every month. The maximum price of the complimentary ticket is capped at Rs. 250 for each ticket.
• Dining: Enjoy a discount of 15% or more on dining through the ICICI Bank Culinary Treats Programme, available at 2,500+ premium restaurants.

Travel

• Domestic Lounge Access: Get 2 complimentary domestic lounge accesses each calendar quarter under the Visa lounge access program.
• International Lounge Access: Not applicable.

Ferrari Privileges

• Ferrari Merchandise: Receive up to 20% discount on Ferrari merchandise at the Ferrari store in Italy.
• Online Merchandise: Get up to 15% discount on Ferrari merchandise at the online store.
• Top Spender Benefits: Top spenders among cardholders receive exclusive privileges, including:
  • A trip to the Ferrari home in Maranello, Italy.
  • A chance to attend the official Ferrari challenge race.
  • An opportunity to attend a Gala event with VIP guests in Maranello, Italy.

Fuel

• Fuel Surcharge Waiver: A 1% fuel surcharge is waived at all HPCL fuel stations for fuel transactions up to Rs. 4,000 when using the card.

Rewards Redemption Guide

• The earned Reward Points can be redeemed against an array of categories, including gifts and cashback, by contacting ICICI Bank customer care.
• Redemption Value: 1 ICICI Reward Point = Re. 0.25.
• A Rewards Redemption Fee of Rs. 99 applies to every redemption request.

Card Review

The ICICI Bank Ferrari Signature Credit Card is an excellent choice for Ferrari enthusiasts, offering exclusive Ferrari privileges alongside a comprehensive range of benefits across travel, entertainment, and dining categories. A major highlight is the exclusive Scuderia Ferrari Watch provided as a welcome gift to every cardholder without any spend criteria. Furthermore, the card offers aspirational benefits for top spenders, such as a trip to Italy. Considering the diverse benefits and exclusive perks, this card is suitable for individuals seeking a credit card with multiple rewarding features.

Important Product Details

• Welcome gift of a Scuderia Ferrari Watch.
• Earn 2 Reward Points on every spend of Rs. 100.
• Up to 2 complimentary movie tickets every month (Buy 1 Get 1 Free offer on BookMyShow, capped at Rs. 250 per ticket).
• A discount of 15% or more on dining across 2,500+ premium restaurants.
• 2 complimentary domestic lounge accesses every quarter.
• Top spenders get exclusive privileges, including a trip to the Ferrari home in Italy.
• Up to 20% off on Ferrari merchandise at the Ferrari store in Italy and up to 15% off at the online store.
• Spend-based waiver of the annual membership fee if Rs. 2,50,000 or more is spent in the previous year.
• 1% fuel surcharge waiver at all HPCL pumps for transactions up to Rs. 4,000.
• Joining Fee: Rs. 3,999 + GST.
• Renewal Fee: Rs. 999 + GST.
• Rewards Redemption Fee: Rs. 99 on every redemption request.
• Foreign Currency Markup: 3.5% on all overseas transactions.
• No reward points are earned for fuel transactions.
• No complimentary international lounge access is provided.

Other Details

• Best Suited For: Movies, Travel.