ICICI Bank Platinum Identity Credit Card Review

ICICI Bank Platinum Identity Credit Card is a basic credit card from ICICI Bank that comes with some basic features. The main benefit of the card is reward point and concierge service. This card also offers a waiver on fuel surcharges. Let’s have a closer look at its benefits to see if the benefits of the card justify the ₹750 annual fees or not. 

ICICI Bank Platinum Identity Credit Card Review

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: ₹90,000 monthly. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Income tax return should be more than ₹12 lakh. 
  • Good CIBIL Score(750 or more). 
  • Good relation with the bank. 

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
      • Recent audited financial report. 

Fee:

  • Joining Fee: ₹2,000 + GST
  • Annual Fee: ₹750 + GST

Benefits:

  • Reward benefit:

With this card, you will get 2 hand-picked rewards for every ₹200 spent in India.

You will also get 4 hand-picked rewards on every ₹200 spent internationally. 

This card offers 8 hand-picked rewards per ₹200 on accelerated card spends.

Those points can be redeemed in exclusive options, like dining, travel, fashion, gadgets, and so on.

  • Fuel surcharge Waiver:

This card offers an exclusive waiver on fuel surcharges, this offer is applicable at any fuel station in India. 

  • i-Assist 

With this card, you will get a personal concierge to take care of all your needs including travel bookings, hotel and restaurant reservations, emergency auto assist, medical services, and even flower or gift delivery, etc. 

  • Mobile Banking:

You can now control your account through your mobile, just download the ICICI Bank mobile application and link your card with it to control your account. 

  • EMV Chip Card:

This card comes with the new EMV Chip and PIN system, it makes your transactions more secure. Also if you subscribe to the SMS alert, you will get a notification for every transaction you make with your card. 

Charges:

  • Cash Withdrawal Charge: 2.5% against the withdrawn amount. 
  • Finance Charge: 3.40% monthly. 
  • Foreign currency transaction: 3.50% against the transaction amount. 

Contact Details:

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

100xGain Ratings: 5/10

Final Opinion:

After having a closer look at the benefits of the card it can be said that it a very basic credit card that offers very few benefits. Only a beginner who does not have enough knowledge about credit cards can use this card to gain some knowledge. Otherwise, ii don’t think this card worth ₹750 annual fees. 

There are lots of credit cards in the Indian Market which cost lesser but offer much better benefits. For Instance, if you want to earn Cash-Back from your card then you can go for the HSBC Cash-Back Credit Card, and if you want to earn benefits like golf and lounge access, you can go for the Yes FIRST Preferred Credit Card or IndusInd Bank Platinum Credit Card. 

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