ICICI Sapphiro Review 2026
Last reviewed:
Quick verdict
A solid mid-premium card for lifestyle spenders who value movie tickets and lounge access. The ₹9,000+ in welcome vouchers almost covers three years of the annual fee upfront. Best suited for those who travel domestically 4-5 times a year and watch movies regularly on BookMyShow.
Pros
- Airport lounge access: 16 domestic + 4 international per year
- Welcome benefit: Vouchers worth ₹9,000+
Cons
- High annual fee of ₹3,500 + GST — only worth it if you use the benefits
- 3.5% + GST forex markup makes it expensive abroad
- Interest of 3.40% per month (40.80% p.a.) if you carry a balance
Key benefits
- Buy 1 Get 1 Free on movie tickets (BookMyShow)
- Dreamfolks Membership for lounges
- 4 domestic lounge visits per quarter
- Welcome vouchers worth ₹9000+
Fees & charges at a glance
| Joining Fee | ₹3,500 + GST |
|---|---|
| Annual Fee | ₹3,500 + GST |
| Rewards | 2-4 PAYBACK points per ₹100 |
| Welcome Benefit | Vouchers worth ₹9,000+ |
| Lounge Access | 16 domestic + 4 international per year |
| 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 | ₹3,00,000 - ₹10,00,000 |
| Add-On Card Fee | ₹500 + GST |
| Min Income | ₹50,000/month |
| Network | Visa |
| Contactless | Yes |
| EMI Conversion | Yes |
Who should get this card?
The ICICI Sapphiro is best suited for travel & lifestyle. It is a premium card on the Visa network, and ICICI Bank generally looks for a minimum income of ₹50,000/month. If your spending matches its reward categories (2-4 payback points per ₹100), the card can pay for its annual fee of ₹3,500 + GST. If not, a lifetime-free card may give you better net value.
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ICICI Sapphiro: frequently asked questions
What is the annual fee of the ICICI Sapphiro?
The ICICI Sapphiro has a joining fee of ₹3,500 + GST and an annual fee of ₹3,500 + 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 Sapphiro give?
2-4 PAYBACK points per ₹100. Buy 1 Get 1 Free on movie tickets (BookMyShow). Dreamfolks Membership for lounges.
Does the ICICI Sapphiro offer airport lounge access?
Yes. The ICICI Sapphiro offers 16 domestic + 4 international per year. Lounge programmes are often linked to a minimum spend in the previous quarter, so confirm the current rule with ICICI Bank.
What is the eligibility and minimum income for the ICICI Sapphiro?
ICICI Bank typically requires a minimum income of ₹50,000/month for the ICICI Sapphiro, 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 Sapphiro?
The ICICI Sapphiro 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 Sapphiro?
The foreign currency markup on the ICICI Sapphiro 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 Sapphiro to UPI?
No. The ICICI Sapphiro runs on the Visa network. Only RuPay credit cards can be linked to UPI in India at present.
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