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ICICI Bank · Visa / Mastercard / RuPay · हिन्दी

ICICI Bank Platinum Chip Credit Card: full review

The ICICI Platinum Chip is the best first credit card for Indians new to credit. It costs nothing, earns on every spend including utilities, and builds your CIBIL score. Once you're established, you'll want to upgrade to a cashback card, but this is the perfect starting point.

Apply now ↗Annual fee: Lifetime free
Last updated: August 2026 · Current terms verified
ICICI BANK
VISA
)))
PLATINUM CHIP
ASHOK KUMAR
12/28
Lifetime freeAnnual fee
2 reward points per ₹100 on retail (0.5%); 1 RP per ₹100 on utility and insurance (0.25%)Reward structure
NoneLounge access

Key benefits of the ICICI Bank Platinum Chip Credit Card

2 reward points per ₹100 on all retail purchases (1 RP = ₹0.25)1 reward point per ₹100 on utility and insurance paymentsReward points never expire as long as card is active1% fuel surcharge waiver at HPCL pumps (transactions ₹400–₹4,000)15% off at 2,500+ restaurants via ICICI Culinary Treats programLifetime free, zero joining and annual fee
Apply now ↗ Min. income: ₹15,000/month (salaried) · Credit score: 650+
Pros and cons
Pros
✓ Truly lifetime free, no conditions or spend thresholds
✓ Rewards on utilities and insurance, rare for a free card
✓ Points never expire
✓ Easy approval for first-time credit users
Cons
✗ Very low 0.5% effective reward rate
✗ No lounge access
✗ No accelerated categories for online shopping
✗ ₹99 redemption fee eats into small point balances
Quick facts
Issuer ICICI Bank
Network Visa / Mastercard / RuPay
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → Lifetime free
Joining feeA one-time fee charged when you first get the card, separate from the recurring annual fee.Full definition → ₹0
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → None
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 3.5%
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹15,000/month (salaried)
Min. credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → 650+
SourceICICI Bank's published card terms and official card page · Last updated August 2026
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Frequently asked questions
The annual fee for ICICI Bank Platinum Chip Credit Card is Lifetime free. This card is lifetime free with no annual fee.
The main benefits of the ICICI Bank Platinum Chip Credit Card are: 2 reward points per ₹100 on all retail purchases (1 RP = ₹0.25); 1 reward point per ₹100 on utility and insurance payments; Reward points never expire as long as card is active; 1% fuel surcharge waiver at HPCL pumps (transactions ₹400–₹4,000); 15% off at 2,500+ restaurants via ICICI Culinary Treats program; Lifetime free, zero joining and annual fee.
2 reward points per ₹100 on retail (0.5%); 1 RP per ₹100 on utility and insurance (0.25%)
ICICI Bank Platinum Chip Credit Card is best for First credit card with zero cost and basic rewards on every spend. The ICICI Platinum Chip is the best first credit card for Indians new to credit. It costs nothing, earns on every spend including utilities, and builds your CIBIL score. Once you're established, you'll want to upgrade to a cashback card, but this is the perfect starting point.
The minimum income requirement for ICICI Bank Platinum Chip Credit Card is ₹15,000/month (salaried). A minimum credit score of 650+ is also recommended.
ICICI Bank Platinum Chip Credit Card does not offer airport lounge access.
ICICI Bank Platinum Chip Credit Card charges a 3.5% foreign currency markup on international transactions. This is in line with the standard 3.5% charged by most Indian credit cards.
Related guides
Best Shopping Credit Cards →Best Lifetime Free Credit Cards →Best Credit Cards for Amazon and Flipkart →Best Credit Cards for Salaried Employees →Best Credit Cards for Students →
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