ICICI Bank Student Sapphiro Forex Prepaid Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Student Sapphiro Forex Prepaid Card is positioned as the ideal companion for students studying abroad. This premium card is crafted specifically to meet students’ needs, offering support for 15 currencies, international lounge access, and cashback on key purchases. Its top differentiating benefits include a zero mark-up fee on cross-currency transactions, three monthly ATM fee waivers, and valuable student-centric perks such as an International Student Identity Card (ISIC) Membership, Uber discount vouchers, comprehensive card protection, lost card liability coverage, and a complimentary international SIM card.

Welcome Benefits

• Complimentary DreamFolks membership, with the USD 99 annual membership fee waived.
• 2 complimentary international lounge accesses.
• Uber discount vouchers worth ₹ 1,000.
• International Student Identity Card (ISIC) Membership worth ₹ 999.
• Card Protection plus insurance worth ₹ 1,600.
• Complimentary international SIM card offered by Visa.
• Free replacement card in case the primary card gets lost or damaged.

Fees

• Joining Fee: ₹ 2999 + GST.
• Annual Fee: No annual fee for continued use of the Card.
• Foreign Currency Markup: Zero mark-up fee on cross-currency transactions.
• ATM Fee: The first 3 withdrawals every month are free of charge. Extra charges may apply if the withdrawal is made from a merchant ATM.
• Lounge Access Fee: USD 27 will be levied for Dreamfolks members on each additional lounge access after the 2 complimentary accesses are used.
• SIM Card Delivery Charge: ₹ 100 for a physical SIM card delivery.

Rewards

• Multi-currency Support: Offers 15 currencies, simplifying managing expenses in a foreign country.
• International Lounge Access: Enjoy 2 complimentary international lounge accesses via DreamFolks membership.
• Cashback: Earn 5% cashback on online grocery or transit spends via international websites, capped at ₹ 3,000 per month.
• Uber Vouchers: Receive Uber discount vouchers worth ₹ 1,000 for your rides.
• ISIC Membership: Get an International Student Identity Card (ISIC) Membership worth ₹ 999.
• Card Protection: Includes Card Protection plus insurance worth ₹ 1,600.
• Lost Card Liability Coverage: Provides coverage of up to ₹ 5,00,000 in case of Card loss.
• International SIM: Get a complimentary international SIM card offered by Visa.
• Security: The card comes with an embedded microchip for high-level security.

Rewards Redemption Guide

• Worldwide Lounge Access

  • Download the DreamFolks app and log in using the membership ID provided in your Welcome Kit.
  • Use the generated QR code to access partner lounges.
  • Complimentary lounge access is valid for a maximum of 1 year.
  • For visits beyond the 2 complimentary accesses, make payment using your ICICI Bank Student Sapphiro Forex Prepaid Card.

• ISIC Membership Voucher

  • Visit the ISIC website.
  • Enter your Card details to apply for the discount.
  • Complete the application to receive your International Student Identity Card.

• Uber Voucher

  • The Uber voucher is valid for 12 months from Card activation.
  • To redeem, visit icicitravelcard.woohoo.in/uber-e-gift-card, enter your registered e-mail ID, mobile number, and the voucher code from your Welcome Kit.
  • Place the order to receive the voucher on your registered e-mail ID and mobile number.
  • In the Uber app, go to the payment section, tap ‘Add Payment Method’, select ‘Gift Card’, and enter the gift code to add Uber credits to your account.

• International SIM

  • Eligible Cardholders can avail the benefit by visiting 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.
  • Select your preferred call plan details on the vendor's platform.
  • You will 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 it.
  • For a physical SIM card, Cardholders must enter their delivery address and pay a delivery charge of ₹ 100.

Card Review

• Overall Verdict: The ICICI Bank Student Sapphiro Forex Prepaid Card is a premium and highly beneficial financial tool specifically designed for students studying abroad. It simplifies expense management and significantly enhances the study-abroad experience through its comprehensive features and student-centric perks.
• Who Should Apply: This card is ideal for students heading abroad for studies who require a secure, multi-currency solution with added benefits for travel and daily expenses.
• Pros:
  • Supports 15 currencies, offering great flexibility.
  • Features a zero mark-up fee on cross-currency transactions, saving money on international spends.
  • Provides 2 complimentary international lounge accesses and 3 monthly ATM fee waivers.
  • Offers a valuable 5% cashback on online grocery and transit spends, capped at ₹ 3,000 per month.
  • Includes significant student-specific benefits such as ISIC Membership and Uber vouchers.
  • Ensures robust security with Card Protection, Lost Card Liability Coverage up to ₹ 5,00,000, and an embedded microchip.
  • Comes with a complimentary international SIM card and a free replacement card.
  • Has no annual fee for continued use.
  • Praised by customers for competitive exchange rates and wide global acceptance.
• Cons:
  • A joining fee of ₹ 2999 + GST is applicable.
  • Additional lounge accesses beyond the two complimentary ones incur a charge of USD 27 per visit.
  • A delivery charge of ₹ 100 applies for a physical international SIM card.

Important Product Details

• Card Name: Student Sapphiro Forex Prepaid Card
• Issuing Bank: ICICI Bank
• Key Features:
  • Supports 15 currencies.
  • Zero mark-up fee on cross-currency transactions.
  • 2 complimentary international lounge accesses.
  • 3 monthly ATM fee waivers.
  • 5% cashback on online grocery and transit spends (capped at ₹ 3,000 per month).
  • International Student Identity Card (ISIC) Membership worth ₹ 999.
  • Uber discount vouchers worth ₹ 1,000.
  • Card Protection plus insurance worth ₹ 1,600.
  • Lost Card Liability Coverage up to ₹ 5,00,000.
  • Complimentary international SIM card.
  • Free replacement card.
  • Embedded microchip for high-level security.
• Fees:
  • Joining Fee: ₹ 2999 + GST.
  • Annual Fee: Nil.
  • Additional Lounge Access: USD 27 per visit after 2 complimentary accesses.
  • Physical SIM Delivery Charge: ₹ 100.

Other Details

• One month for ATM fee waivers is defined as per Indian Standard Time (IST) from 00:00
  hours of Day 1 to 23:59
  hours of the last day of the month.
• The USD 99 annual membership fee for Dreamfolks is complimentary.
• Complimentary lounge access will be valid for a maximum of 1 year.
• Extra charges may apply if ATM withdrawal is made from a merchant ATM.
• The card comes with an embedded microchip for high-level security, ensuring trust in every transaction.