ICICI Bank Sapphiro Credit Card
ICICI Bank · Open to apply
A premium travel and lifestyle card from ICICI Bank with 2 reward points per ₹100 at home and 4 abroad, lounge visits, golf and movie offers, and a vouchers-worth-₹13,000 welcome benefit.
- Annual fee
- ₹3,500 + GST a year
- Joining fee
- ₹6,500 + GST
- Fee waiver
- Annual fee waived on ₹6,00,000 spend per card year
- Base rate
- Domestic spends, 2 points per ₹100: 2 ICICI Bank Reward Points per ₹100 (about 0.5% at cash value)
- Lounges
- International: 2 visits a calendar year; Domestic: 4 visits a calendar quarter after ₹75,000 spend
- Forex markup
- 3.5%
- Data
- From bank documents, checked 20 Oct 2026
Main earn rates
- International spends, 4 points per ₹100: 4 ICICI Bank Reward Points per ₹100 (about 1% at cash value)
Earns nothing on
- No points on cash, rent, fuel, e-wallet loads or EMI
Where the sources disagree
- Annual fee waiver threshold wording: The product page says "spend over ₹6 lakh"; the MITC footnote says spends "equal to or more than" ₹6,00,000. We use the MITC.
Terms the calculator does not value
- ICICI publishes no current rupee value per reward point. The calculator uses the third-party figure of ₹0.25, so every points-based number on this card moves with it.
- The welcome vouchers are valued at the stated ₹13,000 of face value; their use is subject to each brand's own conditions. The listed voucher values add up to ₹14,595.
- Whether UPI spends on the RuPay variant earn points is not stated. The calculator credits them at the normal rate on that variant.
- The grocery and departmental cap group also holds MCC 5331 (variety stores), which has no category of our own here, so it is valued at the base rate without the cap. The transport cap covers MCCs 4111, 4112, 4131 and 4784; only IRCTC is capped here.
- The general MITC's ₹50,000-per-statement fuel waiver limit is applied, although the MITC speaks of "select cards" without naming Sapphiro.
- Lounge and BookMyShow benefits are allocated per variant on dual-network cards, and a Plus (add-on) card needs its own ₹25,000 spend for the movie offer.
Sources
- ICICI Bank Sapphiro Credit Card product page (Product page, the bank's own, read 20 Oct 2026)
- General MITC for ICICI Bank credit cards (last updated 2026-10-09) (Most important terms (MITC), the bank's own, read 20 Oct 2026)
- Terms and Conditions governing credit card facilities (updated 2026-09-28) (Reward terms, the bank's own, read 20 Oct 2026)
- Upcoming changes to credit card features and charges (Bank notice, the bank's own, read 20 Oct 2026)
- ICICI Bank credit card listing page (Product page, the bank's own, read 20 Oct 2026)
- How to redeem ICICI credit card reward points (CardInsider; third party, gives ₹0.25 a point) (Third-party site, read 20 Oct 2026)