ICICI Bank Sapphiro Credit Card – Benefits, Fees & Eligibility

ICICI Bank Sapphiro Credit Card

The ICICI Bank Sapphiro Credit Card is a premium offering designed for individuals who appreciate indulging in travel and lifestyle experiences. Positioned as one of the bank's top-tier cards, it provides an array of privileges, attractive offers, and user-friendly features. Available in multiple variants, including AmEx, Visa, RuPay, and Mastercard, this card is ideal for frequent travelers and those seeking maximum saving opportunities, entertainment benefits, and various other advantages. It offers exclusive welcome benefits that often exceed the joining fee, and rewards users for almost every transaction, including domestic and international purchases, utility bill payments, and fuel purchases.

Welcome Benefits

• Receive welcome vouchers worth over ₹14,500 upon payment of the joining fee, credited within 45 days.
• Specific vouchers include:
  • Tata CLiQ Voucher: ₹3,000
  • EaseMyTrip Voucher: ₹4,000 (comprising 4 vouchers of ₹1,000 each)
  • EazyDiner Prime Membership: ₹1,095 (for a 3-month subscription)
  • Da Milano Voucher: ₹5,000
  • Croma Voucher: ₹1,500 (comprising 3 vouchers of ₹500 each)
  • Uber Voucher: ₹1,000

Fees

• Joining Fee: ₹6,500 + GST
• Annual Fee: ₹3,500 + GST (from the second year onwards)
• Spend-Based Waiver: The annual fee for the next year can be waived off if you spend ₹6 lakh or more in the preceding anniversary year.
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.5% + GST on all foreign currency transactions.
• Interest Rates:
  • 3.75% interest per month (equivalent to 45% per annum) on outstanding balances.
  • 3.75% interest per month on ATM cash withdrawals.
  • 3.75% interest per month if only the minimum due is paid.
• Fuel Surcharge Waiver: 1% waiver on fuel transactions up to ₹4,000 at all fuel pumps. The maximum waiver is ₹250 per billing cycle. This benefit applies to both primary and Plus (supplementary) cardholders.
• Cash Advance Charges: 2.5% of the total transaction amount or a minimum of ₹500, whichever is higher.
• Late Bill Payment Charges: Ranging from ₹100 to ₹1300.

Rewards

• Reward Points Earning

  • Earn 4 Reward Points for every ₹100 spent on international transactions.
  • Earn 2 Reward Points for every ₹100 spent on domestic purchases (excluding fuel transactions).
  • Earn 1 Reward Point for every ₹100 spent on utility and insurance categories.
  • Earn 6x to 12x reward points on iShop.

• Milestone Benefits

  • Get 4,000 bonus Reward Points on spending ₹4 lakh in an anniversary year.
  • Earn an additional 2,000 Reward Points for every additional ₹1 lakh spent thereafter.
  • A maximum of 20,000 bonus Reward Points can be earned per anniversary year under the Milestone Reward Program.

• Movies

  • Enjoy a "Buy One Get One Free" movie ticket offer, up to ₹500 off on the second ticket, when purchased through BookMyShow.
  • This offer can be availed twice every month.
  • Customers with dual Credit Card variants (MasterCard and AmEx) can avail one complimentary movie benefit per month per variant.

• Dining

  • Avail exclusive offers and benefits with the ICICI Bank Culinary Treats Programme, including a 15% saving on bills at over 2,500 partner restaurants across India.

• Travel

  • International Lounge Access:
    • Get 2 complimentary international airport lounge accesses annually for the primary cardholder.
    • For cards applied on or after November 15, 2024: Complimentary Priority Pass Membership for the primary cardholder, offering access to 1,400+ lounges in 145+ countries worldwide.
    • For cards applied before November 15, 2024: DreamFolks Membership for the primary cardholder, offering access to 650+ lounges in 100+ countries.
    • Accompanying guests (including add-on cardholders) will be charged.
  • Domestic Lounge Access:
    • Get 4 complimentary domestic airport lounge accesses per calendar quarter.
    • Eligibility requires spending ₹75,000 or more on your Sapphiro Credit Card in the preceding calendar quarter to avail the benefit in the following calendar quarter.
    • This benefit is exclusively applicable to the primary cardholder.
    • For customers with dual Credit Card variants (MasterCard and AmEx), the entitlement includes 2 domestic lounge visits per quarter for each variant.

• Golf

  • Receive complimentary golf rounds/lessons every month.
  • Eligibility: One complimentary round or lesson for every ₹50,000 spent on retail purchases in the previous calendar month.
  • A maximum of 4 complimentary golf rounds/lessons can be availed per month.
  • Booking is done through the Golftripz website after registering your credit card using the registered e-mail ID.
  • Benefits are credited to your Golftripz account by the 10th day of the following month and are available for use in the next two months.

• Insurance

  • Personal Air Accident Insurance: Coverage of ₹3 crore for the primary cardholder. This benefit is applicable when the card has been used at least once in the 60 days prior to the event. It covers international travel only if tickets were purchased using the Credit Card. Supplemental cardholders are not eligible.
  • Personal Accident Insurance Cover (Rupay Variant): ₹2 lakh.
  • Credit Shield Cover: Worth ₹50,000.
  • Baggage Insurance: Up to ₹25,000.
  • Loss of Checked-in Baggage: USD 1200.
  • Delay in Receipt of Checked-in Baggage: USD 300 (in excess of 12 hours).
  • Missing Flight Due to Trans-shipment: USD 300.
  • Loss of Travel Documents: USD 500.
  • Delay in Flight: USD 250 (in excess of 12 hours).
  • Plane Hijacking: USD 250 per hour (up to a maximum of 12 hours).

• Lifestyle

  • 24x7 Concierge Service: Get round-the-clock assistance by calling the toll-free number 18002670731 (for Visa/MasterCard/AmEx variants) or 1800-26-78729 (for Rupay variant). Services include:
    • Restaurant reservations.
    • Flower & gift deliveries.
    • Hotel & flight bookings.
    • Car rentals.
    • Movie ticket delivery.
    • Emergency auto assistance.
    • Medical concierge support.

Rewards Redemption Guide

• Cash Redemption: To redeem Reward Points against cash, call 080-40146444. Points will be credited as cash to your account within 7 days.
• Gift Redemption: For redemption against gifts, call 1860-258-5000. The chosen gift will be sent within ten working days.
• Reward Point Value: 1 Reward Point = ₹0.25 (for cashback/vouchers).

Card Eligibility Criteria

• Age: Applicant must be an Indian citizen between 21 and 65 years of age.
• Income:
  • Salaried individuals require a stable source of income with a monthly income of ₹75,000.
  • Self-employed individuals require a stable source of income with an annual income of ₹9,00,000.
• Credit Score: A decent credit score (typically 750 or above) is required.

• Documents Required

  • Identity Proof
  • Address Proof
  • Income Proof
  • No physical documents may be required if applying via Digi Locker.

Card Review

The ICICI Bank Sapphiro Credit Card is a significant choice for individuals who prioritize a credit card with multiple benefits across various categories, including rewards, travel, entertainment, and dining. While the joining fee is relatively high, it is effectively offset by the substantial welcome benefits provided. The annual fee is comparatively affordable, especially with the option of a spend-based waiver. The card offers a decent reward rate on both international and domestic spending, with accelerated points on specific categories and milestone benefits encouraging higher usage.

Its standout features include complimentary domestic and international airport lounge access, a generous "Buy One Get One Free" movie ticket offer on BookMyShow, and valuable insurance coverage for air accidents and travel inconveniences. The 24x7 concierge services add a layer of convenience for cardholders managing various lifestyle needs. Overall, the ICICI Bank Sapphiro Credit Card caters well to affluent customers who frequently travel and seek premium lifestyle perks.

Important Product Details

• Benefits worth over ₹14,500 as welcome gifts.
• Earn up to 4 Reward Points per ₹100 on international spending and 2 Reward Points per ₹100 on domestic spending.
• Earn 1 Reward Point per ₹100 on insurance and utility categories.
• Opportunity to earn up to 20,000 bonus Reward Points annually through the Milestone Reward Program.
• Buy 1 Get 1 Free offer on movie tickets via BookMyShow, up to ₹500 off, twice a month.
• Complimentary domestic and international airport lounge access (with spending conditions for domestic lounges).
• Complimentary golf rounds/lessons every month (with spending conditions).
• Comprehensive insurance benefits, including Air Accident Insurance of ₹3 crore and Credit Shield Cover.
• 24x7 Concierge Services for travel, dining, and lifestyle assistance.
• Renewal fee waiver on spending ₹6 lakh annually.
• Foreign currency markup of 3.5% + GST.
• Interest rate of 3.75% per month (45% per annum) on outstanding balances and cash advances.
• Rewards points are valid for 3 years from the date of accrual.
• Features Counterfeit Card Liability and Account Takeover Cover for fraud protection.
• Equipped with an embedded microchip for enhanced security and requires a PIN for merchant outlet transactions (not for online transactions).

Other Details

• The ICICI Bank Sapphiro Credit Card is available in AmEx, Visa, RuPay, and Mastercard variants.
• The card is international and can be used for foreign currency transactions, which can be enabled/disabled via internet banking.
• Application Process:
  • Online: Apply through the official webpage by filling out an application form and submitting required documents.
  • Offline: Visit your nearest ICICI Bank branch to apply for the card.
• Application Status: Check your application status on the official webpage using your registered mobile number, date of birth, and application number, or inquire at a branch.
• Card Activation:
  • Through net banking by generating a PIN.
  • At an ICICI Bank ATM using the "Create PIN using OTP" option (requires registered mobile number).
  • Via the ICICI Bank Mobile app.
  • By contacting customer care.
• Customer Care:
  • For doubts or queries, contact 1860 120 7777 (available daily from 9:00 am to 7:00 pm).
  • For email inquiries, send to customer.care@icicibank.com with personal and account details.
• The card number's CVV is a three-digit security code located on the back of the card next to the signature panel. It can also be checked via the iMobile app or Internet Banking.
• The card's Due Date can be found on your monthly statement, the iMobile app, through Internet Banking, or by calling Customer Care at 1800 1080.