ICICI Bank Platinum Chip Debit Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Platinum Debit Card is positioned as a premium banking solution designed for daily conveniences and smarter spending. It offers high online transaction limits and rewards on qualified purchases. Key differentiating benefits include higher transaction and purchase limits, a fuel surcharge waiver, and the ability to earn reward points on both domestic and international spends. The card also provides enhanced security with chip-enabled technology and Zero Liability protection.

Welcome Benefits

• No specific welcome benefits are mentioned for this debit card.

Fees

• Annual Fee: ₹300 + GST
• Replacement Fees: ₹300 + GST
• Fuel Surcharge: Zero fuel surcharge on transactions done on ICICI Bank POS machines at HPCL, IOCL, BPCL outlets. If the transaction takes place on a non-ICICI Bank terminal, the surcharge may be first assessed but will be reversed upon receipt of reimbursement from the acquiring bank.

Rewards

• Reward Points Earning:
  • Earn 2 reward points on every ₹200 spent on international transactions.
  • Earn 1 reward point on every ₹200 spent on domestic transactions.
• Reward Points Exclusions: Reward points are not applicable for transactions in categories including Mutual Funds, Telecom, Education, Utilities, Insurance, Government Payments, Fuel, Post Office, Wallet, and Account Transfers.
• Domestic Lounge Access: Get up to 1 domestic airport lounge access per quarter.
  • Eligibility for Lounge Access (for Savings Account opened on or after August 1, 2025, and enrolled in Select Banking Program): Minimum spends of ₹10,000 quarterly OR meeting program eligibility of deposits & balances of ₹2 Lakhs quarterly OR Relationship value of ₹25 lakhs (Deposits + Account balance + Investments + Demat holdings) quarterly.
  • Spends Cycle for Lounge Access: Spends incurred between the 1st and 31st of the three months of a calendar quarter will be considered, and lounge access will be provided starting the 5th of the month following the quarter end.
  • Lounge Access Criteria for Family Banking (Savings Family): If customers opt for family banking, they must maintain 1.5X of the program eligibility criteria at the Family ID level. If 1.5X is maintained, all family members will enjoy lounge access. If the criteria are not met at the family ID level, then individual spends criteria of ₹10,000 in the previous quarter shall apply.
  • Lounge Access Criteria for Family Banking (Salary Family): Individual spends of ₹10,000 on the Debit Card in the last quarter are checked for all. If criteria are not met and family members with Savings Accounts are part of Select Banking, Wealth Management, or Private Banking programs, individual program eligibility criteria will be considered. For Salary Account holders, only ₹10,000 spends on the Debit Card in the previous quarter will be considered.
• Zero Liability Protection: Added security for unauthorized transactions.
• Instant SMS Alerts: Receive instant SMS alerts for every transaction made on your registered mobile number.
• Itemized Billing: Get details of purchases made, including date, merchant's name, and amount, in your bank statement.
• Tap and Pay: Conduct PIN-free Debit Card transactions using your Android Phone.
• Higher Transaction Limits:
  • ATM Withdrawal Limit (Domestic): ₹50,000
  • ATM Withdrawal Limit (International): ₹1,00,000
  • POS/Merchant Purchase Limit (Domestic): ₹3,00,000
  • POS/Merchant Purchase Limit (International): ₹1,25,000
  • Online Transaction Limit: Up to ₹7.5 lakhs every day (covers internet buying, bill payment processing, and ticket booking).

Rewards Redemption Guide

• Reward points can be redeemed for:
  • Health & Beauty products
  • Travel & Luggage
  • Shopping Vouchers
  • Home Appliances
  • Electronics
  • Fashion & Lifestyle products

Card Eligibility Criteria

• No general eligibility criteria for the card itself are explicitly mentioned, beyond specific conditions for lounge access related to banking programs and account opening dates.

Card Review

The ICICI Bank Platinum Debit Card is best suited for individuals seeking convenience and rewards from their daily spending. It offers significant benefits like higher transaction limits, reward points on eligible purchases, and a fuel surcharge waiver, making spending wiser. The card's premium features, such as quarterly domestic lounge access (subject to eligibility), Zero Liability protection, and instant transaction alerts, enhance security and control. The itemized billing feature helps in tracking and managing expenses effectively.

Important Product Details

• Positive Highlights:
  • Higher daily transaction and purchase limits (ATM, POS, Online).
  • Earn reward points on domestic and international spends.
  • Zero Fuel Surcharge waiver at specific outlets and ICICI Bank POS machines.
  • Quarterly domestic airport lounge access (subject to eligibility criteria).
  • Zero Liability protection for unauthorized transactions.
  • Instant SMS alerts for all transactions.
  • Itemized billing for easy expense tracking.
  • Tap and Pay functionality for convenient, PIN-free transactions.
  • Safe chip-enabled technology for enhanced security.
• Negative Highlights:
  • Annual fee of ₹300 + GST.
  • Replacement fee of ₹300 + GST.
  • Reward points are not applicable for several categories including Fuel, Utilities, Insurance, and Wallet Transfers.
  • Lounge access is subject to specific eligibility criteria, including minimum quarterly spends or maintaining high account balances/relationship values, and specific conditions for family banking.

Other Details

• The card offers safe chip technology for more protection for offline and online transactions.
• Terms & Conditions (T&C) apply to the card and its benefits.
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