ICICI Bank Sapphiro Credit Card: Check benefits, Eligibility, and Fees & Charges

The ICICI Bank Sapphiro Credit Card is a premier offering designed for affluent individuals seeking luxury and comprehensive benefits. Launched with variants including Visa, Mastercard, and American Express, this card stands out with its competitive joining fee and annual charges. Users receive 4 Reward Points for every Rs. 100 spent on foreign transactions and 2 Reward Points for local purchases (gas and utilities excluded). 

Since its inception, the ICICI Bank Sapphiro Credit Card has evolved to include enhanced features such as milestone rewards, exclusive dining offers, and concierge services, cementing its position as a preferred choice among affluent consumers. Notably, the card offers multiple variants—Visa, Mastercard, and American Express—each tailored to maximise benefits across diverse spending categories. 

With its robust rewards program and tailored benefits, the ICICI Bank Sapphiro Credit Card remains a preferred choice for those looking to elevate their financial and lifestyle privileges.

Feed and Charges

Fee Type	Amount/Rate
Joining Fee:	Rs. 6,500 + GST
Renewal Fee:	Rs. 3,500 + GST
Interest Rate:	3.4% per month (40.8% annually)
Cash Advance Fee:	2.5% of the transaction amount or Rs. 500 (whichever is lower)
Forex Markup Fee:	3.5% for foreign currency transactions
Late Payment Fee:	Rs. 100 to Rs. 1,200 (based on the total due amount)
Overlimit Fee:	2.5% of the over-limit amount or Rs. 500 (whichever is higher)

Reward and Benefits

#1. Reward Points System

• International Purchases: 4 Reward Points per Rs. 100 spent.
• Domestic Purchases: 2 Reward Points per Rs. 100 spent.
• Utilities and Insurance: 1 Reward Point per Rs. 100 spent.

#2. Travel Perks

• Domestic Lounge Access: 4 complimentary visits/year (Visa); 2 visits/year (Mastercard/AmEx).
• International Lounge Access: 2 complimentary visits/year.
• Spa Sessions: 2 complimentary sessions/year at select airports.

#3. Entertainment and Dining

• Movie Benefits: Rs. 500 off on the second ticket via BookMyShow, twice a month.
• Dining Offers: Discounts at over 2,500 restaurants through the Culinary Treats Programme.

#4. Golf Privileges

• Complimentary Rounds: 1 free round per Rs. 50,000 spent in the preceding quarter, up to 4 rounds/quarter.

#5. Insurance Coverage

• Air Accident Insurance: Up to Rs. 3 crores.
• Travel Insurance: Includes baggage loss, flight delay, and more.

#6. Concierge Services

• 24×7 assistance for travel bookings, hotel reservations, and personal services.

Product Details

• 4 Reward Points per Rs. 100 spent internationally; 2 Reward Points per Rs. 100 spent domestically; 1 Reward Point per Rs. 100 on utilities and insurance.
• Welcome benefits of Vouchers worth over Rs. 9,000 (Visa/Mastercard); Rs. 750 cashback on spending Rs. 20,000 within 60 days (AmEx).
• 4 complimentary domestic lounge visits/year (Visa); 2 visits/year (Mastercard/AmEx); 2 international lounge visits/year; 2 spa sessions/year.
• Rs. 500 off on the second movie ticket via BookMyShow, twice a month.
• Savings at over 2,500 restaurants under the Culinary Treats Programme.
• 1 free golf round per Rs. 50,000 spent in the preceding quarter, up to 4 rounds/quarter.
• Up to Rs. 3 crores in air accident insurance, comprehensive travel insurance including baggage loss and flight delay.

ICICI Bank Sapphiro Credit Card: Advantages and Disadvantages

Advantages:

1. Comprehensive Rewards Program: Earn up to 4 Reward Points per Rs. 100 spent, with bonus points on milestone spends.
2. Travel Perks: Enjoy complimentary domestic and international airport lounge access, along with spa sessions at select airports.
3. Entertainment and Dining Benefits: Discounts on movie tickets and dining at a wide range of restaurants through the Culinary Treats Programme.
4. Golf Privileges: Access to complimentary golf rounds at premium courses, making it ideal for golf enthusiasts.
5. Insurance Coverage: Extensive coverage, including air accident insurance and travel insurance, providing peace of mind during journeys.
6. Concierge Services: 24×7 assistance for travel bookings, hotel reservations, and more, adding convenience for cardholders.

Disadvantages:

1. Eligibility Criteria: Requires a decent credit score and stable income, limiting access for some individuals.
2. Limited Movie Benefits: The offer of Rs. 500 off on the second movie ticket has restrictions and may not cover all movie preferences or expenses.
3. Companion Costs: Lounge access benefits are primarily for the primary cardholder; guests may incur additional charges, reducing the benefit for group travel.

ICICI Bank Sapphiro Credit Card: Features and Benefits

Benefit	Details
Welcome Benefit	➡Receive travel and shopping vouchers worth over Rs. 9,000 with Visa/Mastercard variants. ➡Earn Rs. 750 cashback on spending Rs. 20,000 within 60 days with the American Express variant.
Milestone Rewards	➡ Earn 4,000 Reward Points on spending Rs. 4 lakhs annually. ➡Additional 2,000 Reward Points for every Rs. 1 lakh spent thereafter, up to a maximum of 20,000 points annually.
Travel Lounge Access	➡ Enjoy 4 complimentary domestic lounge visits per year with the Visa variant. ➡Avail 2 domestic and 2 international lounge visits per year with the Mastercard and American Express variants.
Golf Benefits	➡Receive 1 complimentary golf round/lesson for every Rs. 50,000 spent in the previous quarter. ➡Maximum of 4 complimentary rounds/lessons per quarter.
Travel Insurance	➡ Enjoy 4 complimentary domestic lounge visits per year with the Visa variant. ➡Avail 2 domestic and 2 international lounge visits per year with the Mastercard and American Express variants
Forex Markup Fee	➡Charged at 3.5% for foreign currency transactions, ensuring global usability with added cost.
Fuel Surcharge Waiver	➡Enjoy a waiver of a 1% fuel surcharge on fuel transactions across all petrol pumps in India

ICICI Bank Sapphiro Credit Card: Reward Offers

• Reward Points System:
  • International Transactions: Earn 4 Reward Points for every Rs. 100 spent.
  • Domestic Transactions: Earn 2 Reward Points for every Rs. 100 spent.
  • Utilities and Insurance: Earn 1 Reward Point for every Rs. 100 spent.
• Entertainment and Dining: Enjoy Rs. 500 off on the second movie ticket booked via BookMyShow, twice a month.
• Dining Offers: Avail discounts at over 2,500 restaurants nationwide through the Culinary Treats Programme.
• Travel Benefits:
  • Access 4 complimentary domestic
  • 2 international airport lounge visits annually, plus 2 spa sessions.
• Golf Privileges: Receive up to 4 complimentary golf rounds/lessons per quarter at premium golf courses.
• Insurance Coverage: Includes air accident insurance up to Rs. 3 crores, along with travel insurance covering baggage loss and flight delays.
• Reward Redemption:
  • Cashback: Redeem Reward Points for cashback against your card’s statement balance at a rate of 1 Reward Point = Re. 0.25.
  • Gifts: Exchange points for gifts by calling 1860-258-5000; gifts are delivered within 10 working days.

ICICI Bank Sapphiro Credit Card: Fees and Charges

• Interest Rate: 3.4% per month (40.8% annually) on revolving credit.
• Cash Advance Fee: 2.5% of the transaction amount or a minimum of Rs. 500, whichever is lower.
• Foreign Currency Transaction Fee (Forex Markup): 3.5% on the transaction amount.
• Late Payment Charges: Rs. 100 to Rs. 1,200, depending on the outstanding amount.
• Overlimit Charges: 2.5% of the over-limit amount or Rs. 500, whichever is higher.
• Fuel Surcharge: 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000 at all petrol pumps in India.
• Card Replacement Fee: Rs. 100 to Rs. 250 for re-issuance of lost or stolen cards.
• Statement Retrieval Fee: Rs. 100 per statement beyond the last 3 months.
• Cash Payment Fee: Rs. 100 for cash payments made at ICICI Bank branches.
• Balance Transfer Fee: 2.5% of the transferred amount or Rs. 199, whichever is higher.
• Service Tax: Applicable on all fees and charges as per prevailing government regulations.

Welcome Benefits of ICICI Bank Sapphiro Credit Card

• Visa/Mastercard Variants:
  • Receive travel and shopping vouchers worth more than Rs. 9,000 upon card issuance.
• American Express Variant:
  • Earn Rs. 750 cashback on spending Rs. 20,000 within the first 60 days of card activation.
• Exclusive Vouchers:
  • Includes vouchers from Tata CliQ, EaseMyTrip, Uber, Zomato Pro, and Croma.
• Joining Benefits Timeline:
  • Vouchers and cashback are typically credited within 45 days of card activation.
• Additional Benefits:
  • Enjoy introductory offers designed to enhance the value of joining the ICICI Bank Sapphiro Credit Card.

Travel Benefits Available on ICICI Bank Sapphiro Credit Card

• Airport Lounge Access:
  • Domestic: Enjoy 4 complimentary visits per year with the Visa variant.
  • International: Access 2 international airport lounges annually through partner programs.
• Spa Sessions:
  • Receive 2 complimentary spa sessions per year at select domestic airports under the Dreamfolks Lounge Access Program.
• Travel Insurance:
  • Air accident insurance up to Rs. 3 crores.
  • Baggage insurance for up to Rs. 25,000.
  • Loss of checked-in baggage, flight delay, and travel document loss coverage.
• Fuel Surcharge Waiver:
  • Enjoy a waiver of 1% fuel surcharge on transactions between Rs. 500 and Rs. 4,000 at all petrol pumps in India.
• International Usage:
  • Use the card for international transactions with the convenience of a 3.5% forex markup fee.
• Global Acceptance:
  • Accepted worldwide at millions of locations, ensuring access to funds and benefits during international travel.

Insurance Benefits Available on ICICI Bank Sapphiro Credit Card

• Air Accident Insurance:
  • Coverage up to Rs. 3 crores in case of accidental death while travelling by air.
• Baggage Insurance:
  • Coverage up to Rs. 25,000 for loss of checked-in baggage during travel.
• Travel Insurance:
  • Loss of travel documents up to USD 500.
  • Delay in receipt of checked-in baggage up to USD 300 (in excess of 12 hours).
  • Delay in flight up to USD 250 (in excess of 12 hours).
  • Missing flight due to trans-shipment up to USD 300.
  • Plane hijacking compensation of USD 250 per hour (up to 12 hours).
• Credit Shield Cover:
  • Coverage up to Rs. 50,000 in case of accidental death or permanent disability.
• Insurance Activation:
  • Insurance coverage is automatically activated when travel tickets are purchased using the ICICI Bank Sapphiro Credit Card.

Why Choose the ICICI Bank Sapphiro Credit Card?

• Priority Pass Membership: While primarily known for lounge access, the card also includes a Priority Pass membership, providing access to over 1,300 airport lounges globally, including those not directly partnered with ICICI Bank.
• Global Acceptance and Security: Accepted globally, the card includes advanced security features like PIN-based transactions and secure online payment options, ensuring peace of mind during domestic and international transactions.
• Customer Support and Concierge Services: Access to 24×7 concierge services for travel bookings, restaurant reservations, and more, enhancing convenience and personalised assistance.
• Flexible Redemption Options: Reward points can be redeemed for statement credit, gifts, or vouchers, offering flexibility in managing rewards based on personal preferences.
• Exclusive Merchant Offers: Cardholders receive access to exclusive offers and discounts from a wide network of partner merchants, ranging from luxury brands to lifestyle services, enriching everyday shopping experiences.

ICICI Bank Sapphiro Credit Card: Terms and Conditions

• Reward Points Validity: Reward points earned on the card are valid for three years from the date of accrual and can be redeemed for various benefits or cash credits.
• Renewal Charges: From the second year onwards, an annual renewal fee of Rs. 3,500 plus taxes is applicable.
• Interest Rates: The card carries an interest rate of 3.4% per month (40.8% annually) on revolving credit, applicable if the full amount is not paid by the due date.
• Grace Period and Late Payment Charges:
  • The card offers a grace period for interest-free repayment, typically ranging from 15 to 45 days, depending on the billing cycle.
  • Late payment charges apply if minimum dues are not met by the payment due date.
• Travel Benefits Activation: Travel insurance coverage and lounge access benefits activate automatically upon booking travel tickets using the ICICI Bank Sapphiro Credit Card.
• Customer Support and Dispute Resolution:
  • Access to dedicated customer support services for quick resolution of queries, disputes, and card-related issues.
  • Provision for escalation procedures and consumer protection under banking regulations.
• Online Account Management: Secure online account management tools allow cardholders to monitor transactions, set spending limits, and initiate service requests conveniently.

Who Can Apply for the ICICI Bank Sapphiro Credit Card?

• Age Requirement:
  • Applicants must be between 21 years to 65 years of age.
• Income Criteria:
  • A stable source of income is essential. While specific income thresholds may not be publicly disclosed, a higher income generally improves eligibility chances.
• Credit Score:
  • A good credit score is crucial. Typically, a credit score of 750 or above is preferred, indicating responsible credit behaviour.
• Nationality and Residency:
  • Indian nationals residing in India are eligible to apply.
  • Non-resident Indians (NRIs) meeting specific criteria may also apply, subject to additional documentation requirements.
• Employment Status:
  • Salaried individuals employed with reputed companies or organizations are preferred.
  • Self-employed individuals with a stable business history and income may also apply, supported by financial documents.

Documentation Needed for ICICI Bank Sapphiro Credit Card

1. Identity Proof:
   • Aadhaar Card
   • Passport
   • Voter ID
   • Driver’s License
   • PAN Card (mandatory)
2. Address Proof:
   • Aadhaar Card
   • Utility bills (electricity, water, gas) not more than 3 months old
   • Passport
   • Voter ID
   • Driver’s License
3. Income Proof:
   • For Salaried Individuals:
     • Latest salary slips (last 3 months)
     • Form 16 (latest)
     • Bank statements (last 3 months showing salary credit)
   • For Self-Employed Individuals:
     • Income Tax Returns (ITR) for the last 2 years
     • Profit & Loss Statement and Balance Sheet certified by a CA
     • Bank statements (last 6 months)
4. Photographs:
   • Recent passport-sized colour photographs
5. Additional Documents:
   • Depending on specific requirements or as requested by ICICI Bank, additional documents may include:
     • Employer’s letter (for salaried individuals)
     • Business continuity proof (for self-employed individuals)
     • Proof of investments or assets (if applicable)

How To Apply For ICICI Sapphiro Credit Card

#1. Online Application:

1. Visit the ICICI Bank website and locate the Sapphiro Credit Card section.
2. Click on the “Apply Now” button to access the application form.
3. Fill out the form with accurate personal and financial details.
4. Upload scanned copies of necessary documents like ID proof, address proof, and income proof.
5. Submit the application and await verification from ICICI Bank.

#2. Offline Application:

1. Visit your nearest ICICI Bank branch.
2. Request an application form from the bank executives.
3. Fill out the form thoroughly with all the required details.
4. Attach copies of ID, address, and income proofs.
5. Submit the completed form and documents to the bank staff for processing.

Checking Application Status of Your Sapphiro Credit card

1. Online: Visit ICICI Bank’s official website, and enter your registered mobile number, date of birth, and application number to track your application status.
2. Offline: Visit the branch where you applied and inquire about your application status from ICICI Bank representatives.
3. Customer Care: Contact ICICI Bank’s customer service at 1860 120 7777 to get updates on your ICICI Sapphiro Card application.

How to Activate ICICI Sapphiro Credit Card

• Net Banking: Log in to your ICICI Bank net banking account, navigate to the credit cards section, and select the option to generate your PIN.
• ICICI Bank ATM: Visit any ICICI Bank ATM, insert your credit card, and select the “Create PIN using OTP” option. Ensure your registered mobile number is handy for OTP verification.
• Mobile App: Download and open the ICICI Bank mobile app, locate the credit cards section, and follow the prompts to activate your new card.
• Customer Care: Another option for credit card activation is to reach out to your credit card customer care at 1860 120 7777 and ask them to guide you.

FAQs