ICICI Platinum Chip Review 2026
Last reviewed:
Quick verdict
ICICI's most basic credit card at just ₹199 per year — not exciting on rewards, but serves as an excellent credit-building tool. The clear upgrade path to Coral and Sapphiro means your credit history with ICICI compounds over time. Best for students or first-time earners starting their credit journey.
Pros
- Accessible eligibility — minimum income around ₹12,000/month
Cons
- 3.5% + GST forex markup makes it expensive abroad
- No complimentary airport lounge access
- Interest of 3.40% per month (40.80% p.a.) if you carry a balance
Key benefits
- Lowest annual fee ICICI card
- Fuel surcharge waiver
- Contactless payments enabled
- Easy upgrade path to Coral/Sapphiro
Fees & charges at a glance
| Joining Fee | ₹199 + GST |
|---|---|
| Annual Fee | ₹199 + GST |
| Rewards | 2 PAYBACK points per ₹100 on all spends |
| Welcome Benefit | None |
| Lounge Access | None |
| Fuel Surcharge Waiver | 1% waiver on ₹400-₹5,000 txns |
| Foreign Txn Fee | 3.5% + GST |
| Interest Rate | 3.40% per month (40.80% p.a.) |
| Credit Limit | ₹15,000 - ₹1,50,000 |
| Add-On Card Fee | Free |
| Min Income | ₹12,000/month |
| Network | Visa |
| Contactless | Yes |
| EMI Conversion | Yes |
Who should get this card?
The ICICI Platinum Chip is best suited for budget users. It is a entry level card on the Visa network, and ICICI Bank generally looks for a minimum income of ₹12,000/month. If your spending matches its reward categories (2 payback points per ₹100 on all spends), the card can pay for its annual fee of ₹199 + GST. If not, a lifetime-free card may give you better net value.
Compare side by side
ICICI Platinum Chip: frequently asked questions
What is the annual fee of the ICICI Platinum Chip?
The ICICI Platinum Chip has a joining fee of ₹199 + GST and an annual fee of ₹199 + GST. Many banks waive the renewal fee when you cross a yearly spend milestone — check the latest waiver condition with ICICI Bank.
What rewards does the ICICI Platinum Chip give?
2 PAYBACK points per ₹100 on all spends. Lowest annual fee ICICI card. Fuel surcharge waiver.
Does the ICICI Platinum Chip offer airport lounge access?
No. The ICICI Platinum Chip does not include complimentary airport lounge access. If lounge access matters to you, look at travel cards in our best travel credit cards list.
What is the eligibility and minimum income for the ICICI Platinum Chip?
ICICI Bank typically requires a minimum income of ₹12,000/month for the ICICI Platinum Chip, along with a good credit score (750+ improves approval chances), age of 21 or above, and valid KYC documents (PAN and Aadhaar).
What is the interest rate on the ICICI Platinum Chip?
The ICICI Platinum Chip charges 3.40% per month (40.80% p.a.) on unpaid balances. Interest is avoided completely if you pay the full statement amount by the due date every month.
What is the forex markup on the ICICI Platinum Chip?
The foreign currency markup on the ICICI Platinum Chip is 3.5% + GST. Cards with a 2% or lower markup are better for frequent international travel and foreign-currency online shopping.
Can I link the ICICI Platinum Chip to UPI?
No. The ICICI Platinum Chip runs on the Visa network. Only RuPay credit cards can be linked to UPI in India at present.
CardKhoj is an independent comparison site. We do not sell cards or collect applications — apply only on the bank's official website or app, and confirm the latest fees there.