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

Introduction

The ICICI Bank Ferrari Signature Credit Card is a co-branded credit card issued by ICICI Bank in partnership with Ferrari, specifically designed for Ferrari enthusiasts. Positioned as a mid-to-premium range offering, it provides exclusive Ferrari privileges, including discounts on merchandise and a chance for top spenders to visit Ferrari's home in Italy. Beyond its unique branding, the card also offers significant benefits in travel and entertainment, such as complimentary movie tickets and domestic lounge access, alongside a robust rewards program.

Welcome Benefits

• An exclusive Scuderia Ferrari Watch is provided as a welcome gift.

Fees

• Joining Fee: Rs. 3,999 + GST
• Annual Fee: Rs. 999 + GST
• Spend-Based Waiver: The annual fee is waived off on spending Rs. 2,50,000 or more in the previous anniversary year.
• 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 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 you spend.
• Exclusions: No reward points are earned for fuel transactions.
• Movie & Dining:
  • Avail Buy 1 Get 1 Free offer on movies on BookMyShow, for up to 2 complimentary movie tickets every month.
  • The maximum price of the complimentary ticket is capped at Rs. 250 for each ticket.
  • Receive a discount of 15% or more on dining across 2,500+ premium restaurants with the ICICI Bank Culinary Treats Programme.
• Travel:
  • Get 2 complimentary domestic lounge access each calendar quarter through the Visa lounge access program.
  • International lounge access is not provided.
• Golf: Not available.
• Insurance Benefits: Not available.
• Ferrari Privileges:
  • Up to 20% discount on Ferrari merchandise at the Ferrari store in Italy.
  • Up to 15% discount on Ferrari merchandise at the online Ferrari store.
• Milestone Benefits (for Top Spenders):
  • 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.

Rewards Redemption Guide

• Earned Reward Points can be redeemed against an array of categories, including various products, gifts, and cashback.
• The redemption rate is 1 Reward Point = Re. 0.25.
• Reward Points can be redeemed by calling ICICI Bank customer care.

Card Review

The ICICI Bank Ferrari Signature Credit Card is an excellent choice for Ferrari enthusiasts, offering exclusive brand privileges alongside a comprehensive suite of benefits across travel, entertainment, and dining. A significant advantage is the guaranteed welcome gift of a Scuderia Ferrari Watch for all cardholders, without any spend criteria. Additionally, top spenders are rewarded with unique experiences, including a trip to Italy. Considering its diverse benefits, the card presents a strong value proposition for individuals seeking a card with multiple lifestyle advantages.

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 on BookMyShow, capped at Rs. 250 per ticket).
• Discount of 15% or more on dining across 2,500+ premium restaurants.
• 2 complimentary domestic lounge access every quarter.
• Top spenders receive exclusive privileges, including a trip to the Ferrari home in Italy, a chance to attend the official Ferrari challenge race, and an opportunity to attend a Gala event with VIP guests.
• Up to 20% off on Ferrari merchandise at the Ferrari store in Italy and up to 15% off at the online store.
• Annual membership fee waiver on spending Rs. 2,50,000 or more in the previous year.
• 1% fuel surcharge waiver at all HPCL pumps for transactions up to Rs. 4,000.
• No reward points are earned on fuel transactions.
• No complimentary international lounge access is provided.
• A rewards redemption fee of Rs. 99 applies to every redemption request.

Other Details

• The ICICI Bank Ferrari Signature Credit Card is discontinued.
• The card is best suited for Movies and Travel.
• The reward type is Reward Points.