ICICI Bank VISA Signature Credit Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank VISA Signature Credit Card is a premium offering from ICICI Bank, designed for high-income individuals seeking exclusive reward offers and benefits, particularly those interested in golf privileges and luxurious travel experiences. It comes with a joining fee of Rs. 25,000 and provides a substantial welcome benefit of 30,000 Hand-picked Rewards. Cardholders can earn up to 10 Hand-picked Rewards on every Rs. 100 spent and enjoy a complimentary Priority Pass Membership for airport lounge access.

Welcome Benefits

• Receive 30,000 Hand-picked Rewards as a welcome benefit.

Fees

• Joining Fee: Rs. 25,000 + GST
• Annual Fee: Rs. 2,000 + GST
• Rewards Redemption Fee: Rs. 99 (plus applicable taxes) per redemption request
• Foreign Currency Markup: 3.5% of the transaction amount
• Interest Rates: 3.4% per month (or 40.8% per annum)
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on all petrol pumps in India.
• Cash Advance Charges: 2.5% of the amount withdrawn or Rs. 300 (whichever is higher).

Rewards

• Earn up to 10 Hand-picked Rewards on every Rs. 100 spent.
• Fuel transactions are not eligible for Hand-picked Rewards.

Rewards Rate

• On spends up to Rs. 5 lakhs:
  • 5 Hand-picked Rewards for every Rs. 100 spent on International purchases.
  • 4 Hand-picked Rewards for every Rs. 100 spent on travel bookings.
  • 2 Hand-picked Rewards for every Rs. 100 spent on hotels/restaurant transactions.
  • 1 Hand-picked Reward on every other spend of Rs. 100.
• On spends over Rs. 5 lakhs:
  • 10 Hand-picked Rewards for every Rs. 100 spent on international purchases.
  • 8 Hand-picked Rewards for every Rs. 100 spent on travel bookings.
  • 4 Hand-picked Rewards for every Rs. 100 spent on hotels/restaurant transactions.
  • 2 Hand-picked Rewards on every other spend of Rs. 100.

Travel

• Receive a complimentary Priority Pass Membership, which is worth US $99.
• A lounge usage fee of US $27 + GST per person will be charged every time you visit a lounge using the Priority Pass.

Golf

• Get 1 complimentary golf round every month to domestic/international golf courses.
• Eligibility for the complimentary golf round requires a total retail spend of over Rs. 1 lakh in the previous calendar month.
• Book your game by logging in to www.teetimes.golftripz.com using the email ID registered with your ICICI Bank VISA Signature credit card.

Lifestyle

• Enjoy 24*7 personal concierge service.

Rewards Redemption Guide

• Hand-picked Rewards can be redeemed from the Hand-picked Rewards catalog.
• Rewards can be redeemed against various options including travel, dining, fashion, gadgets, shopping, and AirMiles.
• Receive a shopping voucher worth Rs. 1000 for every 1250 Hand-picked Rewards earned.
• Gift Voucher Redemption Examples (for Rs. 1,000 voucher value):
  • Amazon: 1,500 Hand-picked Rewards
  • Flipkart: 1,450 Hand-picked Rewards
  • Croma: 1,300 Hand-picked Rewards
  • Nike: 1,250 Hand-picked Rewards
  • Big Bazaar: 1,400 Hand-picked Rewards
  • Pizza Hut: 1,300 Hand-picked Rewards

Card Review

The ICICI Bank VISA Signature Credit Card is tailored for high-income individuals, particularly those who value golf privileges. Beyond golf, the card offers exclusive Hand-picked Rewards on most spends, which are highly flexible and redeemable across categories like travel, dining, and AirMiles. A significant advantage is the ability to convert 1250 Hand-picked Rewards into a Rs. 1000 shopping voucher, offering substantial savings. The generous welcome benefit of 30,000 Hand-picked Rewards further enhances its appeal. This card is a strong option for those seeking an ICICI credit card that provides significant savings and exclusive benefits.

Important Product Details

• The card is currently discontinued.
• Welcome benefit of 30,000 Hand-picked Rewards.
• Earn up to 10 Hand-picked Rewards on every Rs. 100 spent.
• Complimentary Priority Pass Membership (membership worth US $99).
• Lounge usage fee of US $27 + GST per person per visit applies when using Priority Pass.
• 1 complimentary golf round every month, subject to spending over Rs. 1 lakh in the previous month.
• 24*7 personal concierge service.
• Shopping vouchers worth Rs. 1000 for every 1250 Hand-picked Rewards.
• Hand-picked Rewards can be redeemed against various options from the Hand-picked Rewards catalog.

Other Details

• The card provides zero liability protection against any fraudulent transactions once the loss is reported to ICICI Bank.