ICICI Bank
ICICI Bank Instant Platinum Credit Card
An FD-backed lifetime free credit card from ICICI Bank designed mainly for beginners and users with no credit history. It offers instant issuance against a Fixed Deposit along with reward points, movie discounts, and fuel surcharge waiver.
Highlights
Main benefits
- Lifetime free credit card
- Instant issuance against FD
- No income proof generally needed
- 2 PAYBACK points per ₹100 spend
- Movie ticket discount on BookMyShow
- Dining discounts through Culinary Treats program
- Fuel surcharge waiver available
- Helps improve CIBIL score
- International acceptance with Visa benefits
Fees
Fees and charges
Joining fee
Nil
Renewal fee
Nil
Annual fee waiver
Not applicable
Who can apply
Eligibility
- Indian resident
- Minimum FD generally ₹20,000–₹50,000 depending on issuance criteria
- Minimum FD tenure: 180 days
- No income proof usually required
- Suitable for beginners and users with low/no credit history
Checklist
Documents required
- PAN Card
- Aadhaar Card
- Passport-size photo
- Address proof
- FD with ICICI Bank
- Basic KYC documents
Process
How to apply
1. Visit nearest ICICI Bank branch or apply online
2. Open/create eligible Fixed Deposit
3. Submit KYC documents
4. Complete verification
5. Card may be issued instantly over the counter after approval
Value
Reward and cashback structure
Reward rate
2 PAYBACK points per ₹100 spent on retail purchases, 1 PAYBACK point per ₹100 on utility and insurance spends
Cashback
No direct cashback system, Rewards redeemed through PAYBACK catalogue and vouchers
Good fit
Pros
- Easy approval process
- Good beginner credit card
- Instant issuance possible
- Lifetime free structure
- Useful movie and dining offers
- Strong ICICI sale discount compatibility
- Helps build credit history
Watchouts
Cons
- No airport lounge access
- Rewards value is basic compared to modern cashback cards
- Requires FD lien
- No strong cashback system
- Limited travel benefits
- Better UPI-focused beginner cards now available in market
Related
Related cards
Compare
Compare Cards
| Field | ICICI Bank Instant Platinum Credit Card | Amazon pay ICICI credit card |
|---|---|---|
| Bank/provider | ICICI Bank | ICICI bank |
| Joining fee | Nil | 0 |
| Renewal fee | Nil | 0 |
| Best for | Building credit score, first-time credit card users, FD-backed guaranteed approval, ICICI instant discount offers, Movie and dining discounts | Amazon shopping, online spending, cashback rewards, and everyday purchases |
| Reward rate | 2 PAYBACK points per ₹100 spent on retail purchases, 1 PAYBACK point per ₹100 on utility and insurance spends | Earn cashback on Amazon purchases and reward benefits on everyday spending |
| Cashback | No direct cashback system, Rewards redeemed through PAYBACK catalogue and vouchers | 5% cashback for Amazon Prime users and 3% cashback for non-Prime users on Amazon purchases |
| Lounge access | No Included airport lounge access | Limited airport lounge access may be available on eligible offers and spends |
| Fuel surcharge waiver | Up to 2.5% fuel surcharge waiver at HPCL pumps on eligible transactions up to ₹4,000 | 1% fuel surcharge waiver on eligible fuel transactions |
| Welcome benefit | Not listed | Enjoy Amazon Pay cashback and exclusive shopping offers on eligible transactions |
| Annual fee waiver condition | Not applicable | No joining fee and no annual fee for lifetime |
| Eligibility |
|
|
| Apply link | Apply Now | Apply Now |
Community Reviews
Reviews (0)
Add Your Review
Rating
800 characters left
Loading reviews...