Lifetime free credit card offering ICICI reward points on everyday retail spending with zero annual fees.
First-Time Borrowers, Credit Score Builders & Zero-Fee Relationship Seekers
Free
One-time upfrontFree
Lifetime Free — no renewal fee2 Reward Points on every retail spend of Rs. 100
On eligible spends3.50% + GST
Cross-currency spendsLast verified 2 Oct 2026
Objective editorial assessment, ideal spender profile, and primary trade-offs
The ICICI Bank Platinum Chip Credit Card is an entry-level, 100% Lifetime Free credit card that serves as an accessible entry point into ICICI Bank's card ecosystem. With zero joining fee and zero annual renewal fee forever, it carries no holding cost or spend hurdles. Cardholders earn 2 ICICI Reward Points per ₹100 spent on general retail transactions (0.50% valueback at 1 RP = ₹0.25) and 1 RP per ₹100 on utility and insurance payments (0.25% valueback). It also includes a 1% fuel surcharge waiver on transactions up to ₹4,000 at HPCL petrol pumps. The card's features are intentionally foundational: it offers no airport or railway lounge access, no entertainment discounts, a modest 0.50% reward rate, and standard 3.50% forex markup. Who should get it: Students, fresh graduates, and first-time applicants seeking an unconditional zero-maintenance card to build a robust CIBIL score and establish a credit line with ICICI Bank. Who should avoid it: Anyone spending more than ₹10,000 monthly who can qualify for Amazon Pay ICICI, which offers unconditional 5% cashback on Amazon and 1% flat unlimited cashback everywhere with zero annual fees.
2 Reward Points on every retail spend of Rs. 100
N/A
Base earning rates, partner merchant acceleration, redemption options, and exclusions
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| Retail Spends | 2 Reward Points per ₹100 spent (1 RP = ₹0.25) | No Cap | Standard terms apply |
| Utilities & Insurance | 1 Reward Point per ₹100 spent | No Cap | Standard terms apply |
Calculate estimated net cashback and points across your actual spending pattern.
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| Retail Spends | ₹6,000 | 2 Reward Points per ₹100 spent (1 RP = ₹0.25) | — | None | Calculating... | Under cap |
| Utilities & Insurance | ₹6,000 | 1 Reward Point per ₹100 spent | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
₹3.6 lakh
12 billing cycles₹0
0% blended return₹0
Standard renewal+₹0 / yr
Rewards - FeeDomestic and international lounge privileges, spend hurdles, and participating terminals
This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
Fee Structure: 100% Lifetime Free credit card with ₹0 joining fee and ₹0 annual renewal fee forever. No spend conditions or waiver thresholds required. Rewards Accrual: 2 ICICI Reward Points per ₹100 spent on eligible retail purchases (0.50% return); 1 ICICI Reward Point per ₹100 spent on utilities and insurance categories (0.25% return). Point Valuation: 1 ICICI Reward Point = ₹0.25. Points can be redeemed for gift vouchers, merchandise, or catalog items on the ICICI Rewards portal. ₹99 + GST redemption fee per request. Fuel Surcharge Waiver: 1% waiver on fuel purchases up to ₹4,000 at HPCL petrol pumps when swiped on ICICI merchant POS terminals. Lounge & Travel: No complimentary domestic or international airport lounge access; no railway lounge access. Exclusions: Fuel purchases, cash withdrawals, wallet reloads, and EMI transactions do not earn reward points.
Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Common questions regarding ICICI Bank Platinum Chip Credit Card application, fees, reward redemption, and eligibility
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Direct online application on the official ICICI Bank portal with paperless verification.
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