ICICI Bank Ferrari Platinum Credit Card Review

ICICI Bank offers several different credit cards for their customers, to match their needs. Just like that ICICI Bank has brought a new credit card for Ferrari lovers, called ICICI Bank Ferrari Platinum Credit Card. It is a low-cost credit card designed for those who want to buy Ferrari merchandise. You will also get some other benefits like lounge access, discount on a movie ticket, fuel surcharge waiver, option to earn reward points, etc. 

ICICI Bank Ferrari Platinum Credit Card

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 18 to 60 yrs. 
    • Income: ₹20,000 monthly. 
  • For self-employed person:
    • Age: 18 to 65 yrs. 
    • Income: Income tax return should be more than ₹3 lakh annually. 
  • Good CIBIL Score. (750 or more).

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

Fee:

  • Joining Fee: ₹499 + GST
  • Annual Fee: ₹499 + GST

Benefits:

  • Cash-Back benefit:

Cardholders will get up to 15% discounts on Ferrari merchandise at the Online Ferrari Store at http://f1member.ferrari.com/ 

For buying a ticket from Ferrari World Abu Dhabi at the park counter you will get a 15% discount.

Also, this card offers a 20% discount on Ferrari Merchandise purchased from Ferrari Store at Maranello, Italy.

  • Reward benefit:

For spending ₹100 you will earn 2 PAYBACK Points on all retail purchases except fuel.

You can use PAYBACK Points in movies and travel, you can also get vouchers for appliances, lifestyle products, mobiles shopping, which makes the shopping truly rewarding.

  • Lounge access:

This card offers 1 complimentary domestic lounge access per quarter. Also if you can spend ₹5,000 with your card in a month you will get another lounge access for the next quarter.   

  • Movie benefit:

If you book a movie ticket from BookMyShow or Inox you will get a 25% discount on it, (Max ₹100). You have to purchase at least 2 tickets to claim this offer. You can get this offer two times a month.   

  • Dining:

This card offers some exclusive benefits on dining at some of the selected restaurants in India. 

  • Fuel surcharge waiver:

This card offers a 1% waiver on fuel surcharges, this offer applies to all of the HPCL fuel stations in India. 

  • Fee waiver:

If you can spend ₹1,25,000 in a year you will get a 100% waiver on the next year’s annual fee. 

  • Security:

This card comes with an EMV chip and PIN security, which adds more security to your transactions. 

Charges:

  • Cash Withdrawal Charge: 2.50% against the withdrawn amount. 
  • Finance Charge: 3.40% monthly. 
  • Foreign currency transaction: 3.50% against the transaction amount. 

Contact Details:

Call: 1860 120 7777

Mail: You can mail the service authority just by visiting their website here: https://www.icicibank.com/complaints/complaints.page

100xGain Ratings: 6/10

Final Opinion:

If you are a Ferrari lover and if you want a card that can offer you a big discount on Ferrari merchandise and event tickets, then this is the card you need. It offers up to 20% discount on Ferrari merchandise, reward points on every purchase, lounge access, fuel surcharge waiver, and lots more. So if you are a Ferrari lover then you must go for this card. And I would recommend you to take this as your second credit card. 

It is the best card for earning benefits on Ferrari products. Also if you are a football lover then you can go check for ICICI Bank Manchester United Signature Credit Card

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