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

Introduction

The ICICI Bank Private Banking Debit Card, a premium offering under the Visa Infinite platform, is designed for consumers of the bank's Private Banking Programme. It provides a suite of exclusive benefits including high daily transaction limits, complimentary airport lounge access, a fuel surcharge waiver, and a robust reward points program on regular purchases. Cardholders also gain access to special dining, travel, and retail offers curated by Visa Infinite.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit:
  • Domestic: ₹1,50,000
  • International: ₹1,50,000
• Daily POS/Online Transaction Limits:
  • Domestic: ₹7,50,000
  • International: ₹2,00,000
• International Usage: The card is suitable for international use, allowing daily purchases up to ₹2,00,000 and international cash withdrawals up to ₹1,50,000, making it ideal for regular travelers or overseas business needs.

Fees and Charges

• Annual Fee: ₹300 + GST. This charge will only be applicable on new accounts opened from August 2025.
• Replacement Fee: ₹300 + GST
• Fuel Surcharge Waiver:
  • A fuel surcharge waiver is available when using the card on ICICI Bank swipe machines at select HPCL, IOCL, and BPCL fuel stations.
  • 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 & Offers

• Reward Points Program:
  • Earn 2 ICICI Bank Reward Points for every ₹200 spent on qualified transactions.
  • This applies to both International and Domestic Spends.
  • Redemption Options: Reward points can be redeemed for health and beauty products, travel and luggage, shopping vouchers, home appliances, electronics, and fashion and lifestyle items.
  • Exclusions: Payments for mutual funds, utilities, government services, and wallets are not considered for the rewards program.
• Airport Lounge Access:
  • Get up to 6 complimentary domestic airport lounge visits per quarter.
  • Eligibility Criteria for Lounge Access:
    • General: Must be enrolled in the Private Banking Programme and have opened a Savings Account on or after August 1, 2025.
    • Spends-based: Minimum spends of ₹10,000 quarterly on the Debit Card.
    • Relationship Value-based: Meeting program eligibility criteria of a Relationship Value of ₹5 crore (Deposits + Account balance + Investments + Demat holdings) or Deposits + Account balance = ₹50 lakh.
    • Spends Cycle: 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 on the 5th of the month following the quarter's end.
    • For Salary Account Holders: Individual spends of ₹10,000 on the Debit Card in the previous quarter will be considered.
    • For Family Banking (Savings Family): 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 Family Banking (Salary Family): Individual spending of ₹10,000 on the Debit Card in the last quarter is checked for all. If this criterion is 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 to provide lounge access. For Salary Account holders, only ₹10,000 spends on the Debit Card in the previous quarter will be considered.
• Offers on Visa Infinite: Enjoy exclusive offers on dining, hotel bookings, shopping, and travel privileges.
• Instant Message Alerts: Receive instant SMS alerts for every transaction, ensuring transparency and better tracking of expenses.

Account & Eligibility Criteria

• Mandatory Bank Account Tiers: The card is designed for consumers enrolled in the ICICI Bank Private Banking Programme.
• Lounge Access Eligibility: Requires enrollment in the Private Banking Programme and a Savings Account opened on or after August 1, 2025.
• Minimum Average Balance (MAB) / Relationship Value: Eligibility for lounge access can be met by maintaining a Relationship Value of ₹5 crore (Deposits + Account balance + Investments + Demat holdings) or Deposits + Account balance = ₹50 lakh.
• Spends Requirement: A minimum quarterly spend of ₹10,000 on the debit card is an alternative criterion for lounge access.
• Family Banking Eligibility:
  • Savings Family: Requires maintaining 1.5X of the program eligibility criteria at the Family ID level.
  • Salary Family: Requires individual spending of ₹10,000 on the Debit Card in the last quarter.

Debit Card Review

The ICICI Bank Private Banking Debit Card is a premium offering tailored for high-net-worth individuals within the bank's Private Banking Programme. It is an excellent choice for those who frequently travel, engage in significant domestic and international transactions, and value exclusive lifestyle benefits.

• Pros:
  • High daily transaction limits for both ATM withdrawals and POS/online purchases, domestically and internationally.
  • Generous complimentary airport lounge access (up to 6 per quarter) with clear eligibility paths based on spends or relationship value.
  • Reward points on all qualified domestic and international spends, redeemable across various categories.
  • Fuel surcharge waiver at select fuel stations.
  • Exclusive dining, travel, and retail offers through Visa Infinite.
  • "Tap and Pay" contactless payment functionality.
  • Instant SMS alerts for all transactions enhance security and expense tracking.
• Cons:
  • An annual fee of ₹300 + GST applies to new accounts opened from August 2025.
  • Eligibility for the card and its premium benefits (especially lounge access) is tied to specific Private Banking program enrollment and financial criteria, making it exclusive.

Who Should Apply: This card is best suited for existing or prospective ICICI Bank Private Banking customers who maintain high relationship values or significant quarterly spends, and who can fully leverage the high transaction limits, lounge access, and exclusive offers for a premium banking experience.

Important Product Details

• Card Name: Private Banking Debit Card
• Issuing Bank: ICICI Bank
• Card Variant: Visa Infinite
• Key Highlights:
  • High daily transaction limits (Domestic ATM: ₹1,50,000; International ATM: ₹1,50,000; Domestic POS/Online: ₹7,50,000; International POS/Online: ₹2,00,000).
  • Up to 6 complimentary domestic airport lounge accesses per quarter.
  • 2 ICICI Bank Reward Points for every ₹200 spent on qualified domestic and international transactions.
  • Fuel surcharge waiver at select HPCL, IOCL, and BPCL fuel stations using ICICI Bank swipe machines.
  • Exclusive offers on dining, travel, and shopping via Visa Infinite.
  • "Tap and Pay" contactless payment feature.
  • Instant SMS alerts for all transactions.

Other Details

• Tap and Pay: Facilitates PIN-free Debit Card transactions at supported contactless terminals using an Android Phone.
• Instant SMS Alerts: Provides real-time notifications for every transaction, enhancing security and expense tracking.
• Terms & Conditions: Applicable Terms & Conditions are available for review on the bank's website.