ICICI Bank Sapphiro Credit Card – Review, Details, Offers, Benefits, Fees, How To Apply

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ICICI Bank Sapphiro Credit Card – has exclusive privileges on entertainment, dining, wellness and golf. 

 

ICICI Bank Sapphiro Credit Card Benefits

  • Enjoy the benefits of 2 cards (American Express and MasterCard) under 1 account
  • Avail amazing welcome vouchers worth ₹ 10,000 within 45 days of payment of joining fees.
    • Shoppers Stop Voucher worth ₹ 3000
    • EaseMyTrip Vouchers worth ₹ 4000 (Four vouchers worth ₹ 1000 each)
    • Ola Vouchers worth ₹ 1000 (Four vouchers worth ₹ 250 each)
    • Vouchers from Swiggy worth Rs.1000 (Two vouchers worth Rs. 500 each)
    • Croma Voucher worth ₹ 1000
  • DragonPass Membership :  allows 2 Complimentary International Lounge access and 2 complimentary domestic airport Spa sessions
  • Amex Airport Lounge Access: 4 complimentary access to the Participating Lounges per quarter (Domestic)
  • Mastercard Airport Lounge Access: 4 complimentary access to the Participating Lounges per quarter (Domestic)
  • Golf:  Enjoy up to 4 complimentary rounds of golf every month at the golf course of your choice based on eligible spends (for every ₹50,000 retail spends in the previous calendar month) on your card.
  • Buy one movie/event ticket and get up to Rs 500 off on the second ticket, twice every month, through www.bookmyshow.com.
    Free tickets will be offered under the offer for each day in four blocks, starting at 12 A.M., 11 A.M., 3 P.M, & 7 P.M. until stocks last
  • Minimum 15% savings on dining bills at over 2,500+ restaurants across India through Culinary Treats Programme
  • Fuel Surcharge Waiver – 1% fuel surcharge waived off on fuel transactions at any fuel outlet.
  • Amex Privileges:  American Express Connect provides a wide range of special offers across categories like Travel, Lodging, Dining (upto 20% off), Retail and Online Shopping.
  • MasterCard Privileges:  Mastercard Moments is an exclusive programme specially created for Mastercard cardholders and offer wide range of special offers.

Rewards Collection

  • ICICI Bank Sapphiro Mastercard Credit Card
    • Domestic spends (except fuel) –  2 PAYBACK Points per Rs 100 spend
    • International spends –  4 PAYBACK Points per Rs 100 spend
  • ICICI Bank Sapphiro Amex Credit Card
    • Domestic spends (except fuel) –  3 PAYBACK Points per Rs 100 spend
    • International spends –  6 PAYBACK Points per Rs 100 spend
  • Additional PAYBACK points –
    • Get 4,000 PAYBACK Points on spending Rs. 4,00,000 on your card and
    • 2,000 PAYBACK Points each time you cross Rs. 1,00,000 spend thereafter in an anniversary year;
    • maximum of 20,000 PAYBACK Points per year.
  • Get 1 PAYBACK Points on every Rs. 100 spent on fuel, utilities and insurance categories.
  • You not only earn PAYBACK Points when you use your ICICI Bank Credit Card, but also earn additional points from PAYBACK Partner Brands for the same purchase.

Rewards Redemption

  • Each PAYBACK Points is equivalent to Rs. 0.25
  • So effectively: you get:
    • 0.5% cashback on normal purchases and 1% cashback on international purchases (0.75% and 1.5% in case of Amex)
    • Additional 0.25% cashback on hitting annual spend

 

ICICI Bank Sapphiro Credit Card – Fees

  • Joining Fees: Rs 6500 + GST
  • Annual Fees : Rs 3500  (waived off if annual spend in last year is Rs 6 lakhs)

 

How to Apply – You can apply online   See details

Documents needed: 

  • Minimum Income:  Rs 15 lakhs
  • Proof of ID and Address
  • Last 2 salary slips

 

Summary

This is a high fee credit card and is beneficial if you are spending approx 50K per month on the credit card. Given that it is offering reward points worth 0.5% – 1.5% it is not the best available credit card in the market. You can find other cards which offer better benefits.

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