ICICI Bank Sapphiro Credit Card
Travel
Shopping
1st Year Fee: ₹6,500* Plus Applicable Taxes
Joining Bonus
Shopping and travel vouchers worth Rs. 9,000
Movie Offer
Up to Rs. 1,000 off per month on BookMyShow
Lounge Access
Up to 16 free domestic lounge visits per year
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About ICICI Bank Sapphiro Credit Card
ICICI Sapphiro Credit Card caters to those who are high spenders and seek a combination of rewards and lifestyle-related benefits. Its rewards program includes accelerated value-back on international spends which can later be used against a wide array of redemption options across categories, like travel, shopping, health and many more. Beyond rewards, this ICICI credit card benefits frequent travellers with complimentary international and domestic lounge access. Moreover, movie enthusiasts can avail the Buy 1 Get 1 offer on tickets twice every month. Dining discounts, free golf rounds and concierge services further push this card towards offering all-rounder benefits across different types of spends. In addition, the cardholders also have the option to earn bonus points based on their annual spends once they reach Rs. 4 lakh spending mark. Read on to know about ICICI Sapphiro’s features and benefits in detail.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit ICICI Bank’s website.
Rewards Program
- Reward Earnings
ICICI Sapphiro credit card offers reward points on every card spend as follows:
-
- On International Spends: 4 reward points on every Rs. 100 spent
- On Domestic Spends: 2 reward points on every Rs. 100 spent
- On Utility and Insurance Spends: 1 reward point on every Rs. 100 spent
- Redemption Options
The earned ICICI reward points are redeemable against multiple categories, including health, beauty, travel, home appliances, electronics, fashion, lifestyle, shopping vouchers, etc.
Other Features & Benefits
- Welcome Benefit: Vouchers worth Rs. 9,000 from Uber, EaseMyTrip, Tata CLiQ, and Tata Croma combined on joining fee payment1
- Airport Lounge Access
- International Lounges: 2 complimentary visits per year and Priority Pass membership
- Domestic Lounges2: 4 complimentary visits per quarter on reaching Rs. 75,000 quarterly spends
- Milestone Benefits
- 4,000 reward points on reaching Rs. 4 lakh annual spends
- 2,000 reward points for every additional Rs. 1 lakh spent after reaching Rs. 4 lakh annual spends
- Movie Offer3: Buy 1 ticket and get up to Rs. 500 off on the second on BookMyShow, twice per month
- Golf Benefits: 1 free golf round per Rs. 50,000 spent on retail in the previous month (max. 4 per month)
- Fee Waiver: Card annual fee is waived on spending at least Rs. 6 lakh in a year
ICICI Bank Sapphiro Credit Card: Fees & Charges
| Particulars | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 6,500 + Applicable Taxes | ||||||||||||||||||
| Annual Fee | Rs. 3,500 + Applicable Taxes | ||||||||||||||||||
| Finance Charges | 3.75% per month (or 45% per annum) | ||||||||||||||||||
| Late Payments Fees |
|
Things to Know Before you apply
Get This Card If:
You are a high-spender, travel frequently and can maximise your savings by making the most of the milestone benefits, including bonus reward points and lounge access
You want a rewards credit card with accelerated value-back on international spends
You are fine with paying considerable annual fee of Rs. 3,500 or can meet the annual spending condition of Rs. 6 lakh to waive off this fee
You can make optimum usage of the card’s lifestyle benefits, like vouchers as joining bonus, movie offer, free gold rounds and dining discount, without overspending
Eligibility Criteria:
Age: 21 to 65 years
Min. Income for Salaried: Rs. 75,000 p.m.
Min. Income for Self-Employed: Rs. 9 lakh p.a.
Documents Required: Identity, address & income proofs
Paisabazaar Review
What do we like about this card?
ICICI Bank Sapphiro offers extensive lifestyle benefits spanning across categories like movies, dining, golf, travel, shopping, etc. This card mainly caters to high-spenders as it offers good value-back if you can meet the spending conditions applicable on some of these benefits. Despite charging a high joining fee, it far exceeds that value through the vouchers offered as welcome bonus. Frequent domestic travellers get ample number of domestic lounge access. Milestone rewards also allow the card users to save considerably as they do not come with any set upper limit. The earned reward points can later be redeemed against a wide variety of categories, thus giving the card users the liberty to use them as per their lifestyle needs.
Pros
- Up to 16 domestic and 2 international airport lounge access every year
- Welcome benefits worth Rs. 9,000 exceeding the joining fee of Rs. 6,500
- Unlimited bonus reward points as milestone benefit depending on the cardholder’s annual spending capacity
- Up to 48 complimentary golf rounds in a year
- Up to Rs. 12,000 annual savings on movie ticket purchases
Cons
- Low rewards earning rate on card spends
- Spend-based condition on domestic airport lounge and golf benefits
- High forex mark-up fee of 3.5% despite offering accelerated rewards on international spends
Footnotes
- Brand-wise voucher values are: 4 Uber vouchers of Rs. 250 each, 4 EaseMyTrip vouchers of Rs. 1,000 each, Rs. 3,000 from Tata CliQ, and Rs. 1,500 from Croma
- Cardholders with dual card network variants (Mastercard & American Express®) will get 2 visits per quarter are available for each variants separately
- 1 free ticket per month is offered for each of the card variants in case of users with dual card network variants
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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1 Comment
Thanks, very comprehensive and detailed article