ICICI Bank Platinum Chip Credit Card
Lifetime free beginner credit card with basic rewards and strong security features.
Overview
The ICICI Bank Platinum Chip Credit Card is an entry-level, no-frills credit card primarily designed for beginners and everyday retail usage. It comes with embedded microchip security for enhanced fraud protection and is widely issued as a Lifetime Free (LTF) card. While it offers basic reward points on retail spending, it does not provide airport or railway lounge access.
Features & Benefits
Joining & Renewal Benefits
Cashback & Rewards
- • 2 Reward Points per ₹100 on regular retail spends
- • 1 Reward Point per ₹100 on utility & insurance payments
Reward points can be redeemed through the ICICI Rewards platform for shopping vouchers, electronics, merchandise, travel bookings, and statement cashback as per ICICI Bank terms.
Lifestyle Benefits
- • EMV microchip-enabled card for enhanced fraud protection
- • 1% fuel surcharge waiver at HPCL pumps
- • No airport lounge access
- • No railway lounge access
1% fuel surcharge waiver valid at HPCL pumps for eligible fuel transactions as per ICICI Bank terms.
3.5% forex markup fee on international transactions.
Fees & Charges
- • Lifetime free
- • Good for first-time users
- • Simple reward structure
- • Secure chip-enabled card
- • No airport or railway lounge access
- • Basic reward rate
- • High forex markup
- • Multiple 2026 fee changes
- • Transport & insurance reward caps
Effective Jan 15, 2026: 1% fee on loading ₹5,000 or more into digital wallets and 2% fee on online gaming transactions. Effective Feb 1, 2026: Reward earning capped at ₹10,000 per month on transport spends with 1% fee beyond ₹50,000; insurance reward points capped at ₹40,000 per month; BookMyShow benefit discontinued for Instant Platinum Chip variant.