ICICI Bank Private Banking Debit Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Private Banking Debit Card is a premium offering designed for consumers of Private Banking, providing a suite of exclusive benefits. It stands out with its high daily transaction limits, complimentary airport lounge access, and a robust reward points program. Cardholders also benefit from special dining, travel, and retail offers through Visa Infinite, along with a convenient fuel surcharge waiver.

Fees

• Annual Fees: ₹300 + GST. These charges will be applicable only on new accounts opened from August 2025.
• Replacement Fees: ₹300 + GST.
• Fuel Surcharge: Waived when using the card on ICICI Bank swipe machines at select HPCL, IOCL, and BPCL fuel shops. If a non-ICICI Bank machine is used, the surcharge may apply initially but will be reversed upon receipt of reimbursement from the acquiring bank.

Rewards

• Reward Points Earning:
  • Earn 2 ICICI Bank Reward Points for every ₹200 spent on International transactions.
  • Earn 2 ICICI Bank Reward Points for every ₹200 spent on Domestic transactions.
  • Payments including mutual funds, utilities, government services, and wallets are not considered for the rewards program.
• Airport Lounge Access:
  • Get up to 6 domestic airport lounge visits per quarter.
  • Lounge Access Eligibility Criteria:
    • For Savings Account holders (opened on or after 1st August 2025) enrolled in the Private Banking Programme: Minimum spends of ₹10,000 quarterly OR meeting program eligibility criteria of Relationship value of ₹5 Crore (Deposits + Account balance + Investments + Demat holdings) OR Deposits + Account balance = ₹50 Lakh.
    • 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.
    • For Salary Account holders: Individual spends of ₹10,000 on the Debit Card in the previous quarter will be considered.
    • For Savings Family Banking: If customers have opted for family banking, they must maintain 1.5X of the program eligibility criteria at the Family ID level for all family members to enjoy lounge access. If this criterion is not met, the individual spends criterion of ₹10,000 in the previous quarter shall apply.
    • For Salary Family Banking: Individual spends of ₹10,000 on the Debit Card in the last quarter is checked for all. If criteria are not met and family members with Savings Account are part of Select Banking, Wealth Management, or Private Banking program, individual program eligibility criteria will be considered to provide lounge access.
• Visa Infinite Offers:
  • Enjoy exclusive offers on dining, hotel bookings, shopping, and travel privileges.
• Fuel Surcharge Waiver:
  • Waived when using the card on ICICI Bank swipe machines at select HPCL, IOCL, and BPCL fuel shops.
• High Transaction Limits:
  • Domestic ATM Withdrawal Limit: ₹1,50,000
  • International ATM Withdrawal Limit: ₹1,50,000
  • Domestic Spend Limit: ₹7,50,000
  • International Spend Limit: ₹2,00,000
• Other Privileges:
  • Instant SMS alerts for every transaction, ensuring end-to-end transparency and security.
  • Tap and Pay functionality with your Android Phone for PIN-free Debit Card transactions at supported contactless terminals.
  • Suitable for international use, allowing daily purchases up to ₹2,00,000 and international cash withdrawals up to ₹1,50,000.

Rewards Redemption Guide

• Reward points can be redeemed for a variety of categories including Health & Beauty, Travel & Luggage, Shopping Vouchers, Home Appliances, Electronics, and Fashion & Lifestyle.

Card Eligibility Criteria

• The card is designed for consumers of Private Banking.
• Specific eligibility criteria apply for airport lounge access, which include being enrolled in the Private Banking Programme, meeting quarterly spend thresholds (₹10,000), or maintaining a significant relationship value (₹5 Crore in Deposits + Account balance + Investments + Demat holdings or ₹50 Lakh in Deposits + Account balance).

Card Review

The ICICI Bank Private Banking Debit Card is a strong offering for high-net-worth individuals and Private Banking customers of ICICI Bank. It provides substantial value through its premium features and benefits.

• Who should apply: This card is ideal for ICICI Bank Private Banking customers who frequently travel, make significant domestic and international purchases, and value premium perks like airport lounge access and high transaction limits.
• Pros:
  • High daily transaction and withdrawal limits cater to substantial spending needs.
  • Complimentary domestic airport lounge access (up to 6 per quarter) is a significant travel benefit.
  • Competitive reward points earning on both domestic and international spends.
  • Exclusive Visa Infinite offers enhance dining, travel, and shopping experiences.
  • Fuel surcharge waiver provides cost savings.
  • Instant transaction alerts and Tap and Pay functionality add convenience and security.
  • Globally accepted, making it suitable for international use.
• Cons:
  • An annual fee of ₹300 + GST will be applicable for new accounts opened from August 2025.
  • Lounge access is subject to specific quarterly spend or relationship value criteria, which may not be met by all users.
  • Certain transaction categories (mutual funds, utilities, government services, wallets) are excluded from earning reward points.
• Value: The card offers excellent value for its target audience, providing a comprehensive suite of premium benefits that align with the lifestyle and financial needs of Private Banking clients.

Important Product Details

• Positive Highlights:
  • High daily transaction limits: Domestic ATM Withdrawal ₹1,50,000, International ATM Withdrawal ₹1,50,000, Domestic Spend ₹7,50,000, International Spend ₹2,00,000.
  • Up to 6 complimentary domestic airport lounge access per quarter, subject to eligibility.
  • Earn 2 reward points for every ₹200 spent on both domestic and international transactions.
  • Fuel surcharge waiver at select HPCL, IOCL, and BPCL fuel stations when using ICICI Bank swipe machines.
  • Exclusive Visa Infinite offers on dining, travel, hotel bookings, and shopping.
  • Instant SMS alerts for all transactions for enhanced security and tracking.
  • Tap and Pay functionality for convenient, PIN-free contactless transactions.
  • Globally accepted for purchases and cash withdrawals.
• Negative Highlights:
  • Annual fee of ₹300 + GST applicable on new accounts opened from August 2025.
  • Replacement fee of ₹300 + GST.
  • Reward points are not earned on payments for mutual funds, utilities, government services, and wallets.
  • Lounge access is contingent on meeting specific quarterly spend or relationship value criteria.

Other Details

• Detailed Terms & Conditions are available for review.
• The card is supported by a comprehensive FAQ section addressing common queries.
• Blogs and videos related to debit card usage are available for customer education.
• A customer testimonial highlights the card's ease of activation and use for both online and in-person transactions.