ICICI Bank Sapphiro Forex Prepaid Card – Benefits, Fees & Eligibility
Is the ICICI Bank Sapphiro Forex Prepaid Card Right for You?
The ICICI Bank Sapphiro Forex Prepaid Card is best suited for users who prioritize Travel, International Spends, Premium. With a joining fee of ₹2,999 + GST and a renewal fee of Nil, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Cashback & Vouchers as its primary reward mechanism.
Key Card Details
₹2,999 + GST
Nil
Cashback & Vouchers
Zero mark-up fee on cross-currency transactions.
Notable Perks
International Lounge
2 complimentary visits via Dreamfolks; additional access at USD 27 per visit.
Insurance
Card Protection Plus insurance worth ₹1,600 and Lost Card Liability Coverage up to ₹5,00,000.
Things to Consider
The ICICI Bank Sapphiro Forex Prepaid Card has a joining fee of ₹2,999 + GST.
Additional lounge access beyond the complimentary visits incurs a fee.
A delivery charge is applicable for physical international SIM cards.
Benefits & Features
Welcome Offer
Joining benefits worth ₹10,000, 2 intl. lounge access, ₹1,000 Uber vouchers, free intl. SIM & insurance.
Reward Type
Cashback & Vouchers
Reward Redemption
Lounge access via Dreamfolks, Uber vouchers via ICICI portal, and international SIM via Visa link.
International Lounge Access
2 complimentary visits via Dreamfolks; additional access at USD 27 per visit.
Insurance Coverage
Card Protection Plus insurance worth ₹1,600 and Lost Card Liability Coverage up to ₹5,00,000.
Travel Benefits
Worldwide international lounge access, zero mark-up on currency, cashback on global airline/hotel bookings.
What matters, explained clearly
Introduction
The ICICI Bank Sapphiro Forex Prepaid Card is a premium travel card designed to elevate the international travel experience. It offers exclusive international lounge access, a zero mark-up on currency conversions, and valuable cashback on global airline and hotel bookings. Key differentiating benefits include Uber discount vouchers and comprehensive Lost Card Liability Coverage, ensuring a smooth and rewarding journey for travellers.
Welcome Benefits
- Joining benefits worth ₹10,000.
- 2 complimentary international lounge access via Dreamfolks voucher.
- Uber discount vouchers worth ₹1,000.
- Complimentary international SIM card offered by Visa.
- Free replacement card in case the primary card gets lost or damaged.
- Card Protection plus insurance worth ₹1,600.
Fees
- Joining Fee: ₹2,999 + GST.
- Annual Fee: Nil.
- Foreign Currency Markup: Zero mark-up fee on cross-currency transactions.
- International Lounge Access: After 2 complimentary visits, any additional access will incur a fee of USD 27 per visit.
- International SIM Delivery: A delivery charge of ₹100 applies for a physical SIM card.
Rewards
- Worldwide international lounge access with 2 complimentary visits.
- Zero mark-up fee on cross-currency transactions.
- Uber discount vouchers worth ₹1,000.
- Complimentary international SIM card offered by Visa.
- Free replacement card in case of loss or damage.
- Card Protection plus insurance worth ₹1,600.
- Lost Card Liability Coverage of up to ₹5,00,000 in case of card loss.
- Cashback on global airline and hotel bookings.
- Embedded microchip for high-level security in every transaction.
Rewards Redemption Guide
International Lounge Access
- Open the Dreamfolks app and enter your mobile number to receive an OTP.
- After OTP verification, register using the membership ID and PIN from your Card’s kit.
- Browse available airport lounges, make your choice, and present the QR code for access.
- Enjoy 2 complimentary visits; any additional access will incur a fee of USD 27.
Uber Gift Voucher
- Visit the ICICI Bank Travel Card Page and enter your registered email and mobile number.
- Apply the voucher code from your Card’s kit, complete the checkout, and receive your Uber gift code via email.
- Add the code to your Uber account by selecting ‘Add Payment Method’ > ‘Gift Card’ in the payment section.
International SIM
- Eligible cardholders can avail the benefit by clicking on the link: https://visaforex.poshvine.com/.
- Login using the card number of your eligible card and other details.
- Copy the unique code from the offer tile and click on the link to visit the e-SIM / SIM card vendor's platform.
- On the vendor's platform, select your preferred call plan details.
- Receive an e-mail with a link to complete the KYC process by uploading the necessary details.
- After KYC is completed, an option to select an e-SIM or a physical SIM card will be available.
- For an e-SIM, a QR code will be sent via e-mail to activate the e-SIM. A list of compatible phones will be available on the platform.
- For a physical SIM card, enter your delivery address and pay a delivery charge of ₹100 for the vendor to ship the SIM card.
Card Eligibility Criteria
- Must be an Indian citizen, 18 years of age and above.
- Must hold an Indian Passport.
Documents Required
- Aadhaar Card
- Valid Passport
- PAN Card
Card Review
The ICICI Bank Sapphiro Forex Prepaid Card is an excellent companion for international travels, offering a perfect blend of convenience, security, and savings. It is highly recommended for frequent travellers and those seeking premium benefits.
- Pros:
- Zero mark-up on currency exchange, minimizing costs on cross-currency transactions.
- Provides worldwide international lounge access, enhancing travel comfort.
- Includes valuable welcome benefits such as Uber vouchers, complimentary international SIM, and insurance coverage.
- Offers robust security features like an embedded microchip and Lost Card Liability Coverage.
- Widely accepted globally, ensuring smooth transactions at various merchants and ATMs.
- Features competitive exchange rates and minimizes the risk of carrying large sums of cash.
- Offers online card management and easy fund loading for enhanced user experience.
- Nil annual fees.
- Cons:
- A joining fee of ₹2,999 + GST applies.
- Additional lounge access beyond the complimentary visits incurs a fee.
- A delivery charge is applicable for physical international SIM cards.
- Who should apply: This card is ideal for individuals who travel internationally frequently and are looking for a prepaid card that offers premium benefits, security, and cost-effectiveness on foreign currency transactions.
Important Product Details
- Positive Highlights:
- Zero mark-up fee on cross-currency transactions.
- 2 complimentary international lounge access.
- Uber discount vouchers worth ₹1,000.
- Complimentary international SIM card.
- Free replacement card.
- Card Protection plus insurance worth ₹1,600.
- Lost Card Liability Coverage up to ₹5,00,000.
- Embedded microchip for high-level security.
- Cashback on global airline and hotel bookings.
- Joining benefits worth ₹10,000.
- Nil annual fees.
- Contactless payment functionality.
- Supports multiple currencies.
- Negative Highlights:
- Joining Fee: ₹2,999 + GST.
- Additional international lounge access incurs a fee of USD 27 per visit.
- Delivery charge of ₹100 for a physical international SIM card.
Other Details
- The card is a contactless card.
- The card comes with an embedded microchip for high-level security.
- The card offers multiple currency support.
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