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ICICI Bank Platinum Chip Credit Card Benefits | Eligibility | Charges

ICICI Bank Platinum Chip Credit Card

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If you are new to the world of credit cards, then ICICI Bank Platinum Chip Credit Card can be a very good option for you because in this credit card you do not have to pay any annual fee. In this way it becomes a lifetime free credit card. So if you want to get any new credit card for the first time, then it becomes very important for you to know about this credit card. What are some benefits of this card & how is this card lifetime free? In today’s article, we will provide you all the information about this credit card.

In this credit card, you can also get discounts in more than 2500 Indian restaurants. You also get the option to save up to one% on fuel transactions. So let’s start today’s post and first know about some features and benefits of this credit card.

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ICICI Bank Platinum Chip Credit Card Features & Benefits

  1. Lifetime Free Card: As we told you above, a credit card is given for a lifetime, you do not have to pay any annual fee and you are also not charged any joining fee, in such a situation it comes out as a budget friendly credit card.
  2. Reward Points: With the help of this credit card, you get an opportunity to win some reward points every day. You can use all these points to enhance gift vouchers and travel experience.
  3. Fuel Surcharge Waiver: You can enjoy fuel surcharge waiver at different petrol pumps, under which you can save something every month.
  4. Contactless Payments: This credit card comes with the latest technology in which you can make payment only by typing the card, which saves a lot of your transaction time.

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ICICI Bank Platinum Chip Credit Card Fees & Charges

  • Joining & Renewal Fees : The joining and renewal fee for ICICI Bank Platinum Chip Credit Card is Rs 0.
  • Interest Charges : The interest charge on the card is 3.4% per month.
  • Cash Advance Fee : For every cash withdrawal using the card from an ATM, you are charged 2.5% of the amount or flat Rs 300, whichever is higher.
  • Foreign Currency Markup : The card charges 3.5% as Foreign Currency Markup fee.

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ICICI Bank Platinum Chip Credit Card Joining Fee?

You do not get to see any joining fee in ICICI Bank Platinum Chip Credit Card. Hence you will get the credit card lifetime free.

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ICICI Bank Platinum Chip Credit Card Renewal Fee?

You do not get to see any renewal fees in ICICI Bank Platinum Chip Credit Card.

 

ICICI Bank Platinum Chip Credit Card Card Advance Charges?

On using this credit card, you are charged a minimum cash advance charge of ₹300 and 2.5%.

 

ICICI Bank Platinum Chip Credit Card Interest Rate?

In this credit card, you can be charged 3.4% interest per month.

 

ICICI Bank Platinum Chip Credit Card Fuel Surcharge Charges?

In ICICI Bank Platinum Chip Credit Card, you are given a discount of 1% on Fuel Surcharge Charges.

 

Now let’s know some benefits of this credit card, what are the eligibility criteria if you want to take this credit card.

ICICI Bank Platinum Chip Credit Card Eligibility Criteria

  1. Your age should be at least 21 years.
  2. You should have a source of income.
  3. You should have a good credit score.

 

ICICI Bank Platinum Chip Credit Card Documents Required

The documents that are required in order to apply for the ICICI Bank Platinum Chip card are as follows:

  • Identity Proof:  Aadhar Card, Voter’s Id, PAN Card, Driving License, etc.
  • Address Proof:  Aadhar Card, utility bills, Voter’s Id, Passport, Driving License, etc.
  • Income Proof: Latest salary slips/bank statements, or latest audited ITR.

 

Disadvantages and limitations of ICICI Bank Platinum Chip Credit Card

  1. As we told you that this credit card is free, so in such a situation, you may also get to see some shortcomings in this credit card, about which we have told you below.
  2. Here you get to see a low reward rate, if you compare this credit card with a premium credit card, but as this credit card is free, then here you get this reward rate too low.
  3. Here you get to see limited benefits.
  4. You get to see a high interest rate in this credit card, to avoid which you have to return all your bills to its credit card at this time.

 

ICICI Bank Platinum Chip Credit Card Review

So now you have got information about this credit card, so should you take a credit card? So according to us, if you are also new in the world of credit cards and you do not have any kind of credit history, then you should take Platinum Chip Credit Card because here you get free membership under which you can create your credit history. If any annual fee is charged on this credit card, then this credit card becomes free. If you keep sharing the regular payment time, then only no interest will be charged on you, but you can also use this credit card as a friend in which you have to take money when needed and return the money before a fixed date next month.

 

ICICI Bank Platinum Chip Credit Card is one of the basic credit cards in which no annual fee is charged. Here you can get rewards points, you will be able to make contactless payments. However, here you may see some limitations in additional benefits, but the way this credit card comes free, all those limitations can be ignored for some time. So if you want to build your credit score, then you You can definitely use this credit card. Just make sure to pay bills on time & avoid minimum due amount.

 

We hope you liked our post and if you have any question about this credit card, then you can definitely ask us in the comment below & if you have any suggestion for us then Please consider sharing your thoughts in the comments so that we can improve our content & serve you.

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