Introduction: The ICICI Bank Ferrari Platinum Credit card is a lifestyle and travel credit card provided by ICICI Bank. This credit card will provide you with a large range of offers and benefits on airport, travel, airport lounge access, benefits on fuel along with dining and entertainment offers.
ICICI Bank Ferrari Platinum credit card
By making use of this credit card, you will be able to get a good number of discounts and offers on the purchases made at official merchandise of Ferrari from the online store of Ferrari.
Quick Key Highlights of the ICICI Bank Ferrari Platinum credit card
- You will be able to get a large range of discounts on the purchases or spends on products from the online store of Ferrari.
- You will receive a discount of 15% on entry tickets to Abu Dhabi Ferrari world.
- You can get PAYBACK points on all of your transactions made using this credit card.
- By making use of the VISA lounge Access Program, you will receive complimentary access to lounges at domestic airports in India.
- You will receive a discount of 20% on the purchase of products at the Ferrari store located at Maranello, Italy.
Discounts provided at Ferrari store
- By making use of this credit card, you will receive a discount of 20% on all the purchases you make using this credit card on the online store of Ferrari.
- You will receive a discount on the purchase of products at the Ferrari store which is located in Italy.
Benefits of Airport lounge
You will be able to enjoy one visit to the airport lounge as a complimentary to domestic airport lounges in India every three months.
Benefits on fuel
- You will be able to receive a waiver of 1% on all purchases of fuel for transactions which amount to Rs.4,000/-.
- You will be required to swipe this credit card on ICICI card machines only.
- This offer will be valid at the petrol stations of HPCL all over the country.
ICICI Ferrari Platinum credit card cash limit
The credit limit on this Ferrari credit card is completely decided by the bank based on many factors. The applicant’s credit score, credit report, the existing and previous debts are the large criteria to decide the credit limit of the card.
You may be interested in Kotak Solaris Credit Card Benefits, Features.
ICICI Bank Ferrari Platinum credit card latest offers
ICICI Ferrari credit card BookMyShow offer
- You will be able to enjoy many offers while booking tickets on any weekdays.
- With this offer, you can purchase one ticket and receive another ticket for free.
- You will also be able to receive two free tickets per month which are worth an amount of Rs.250/-.
Offers on Inox
- You can enjoy a buy one, get one offer on the movie tickets purchased from the official website or app of Inox.
- You can also receive two tickets for free which are worth an amount of Rs.250/- per month.
Offers on dining
- You can receive a 15% discount on all the bills made on dining at all the restaurants which are partnered with ICICI bank across the country.
- You can visit the official website of Culinary Treats program to get more information about it.
ICICI Ferrari Platinum credit card reward points
- By making use of this Ferrari Platinum Credit card, you will be able to receive access to the largest rewards program of the country called PAYBACK.
- You can get benefits from PAYBACK reward points by considering to redeem it for purchases of movie tickets, electronics, online shopping and many more.
- For each amount of Rs.100/- spent using this Ferrari Credit card, you will be able to receive two PAYBACK points.
- You will also be able to earn reward points by purchasing with the partner brands of PAYBACK too.
Process of redeeming PAYBACK reward points
You can consider redeeming your PAYBACK reward points by visiting the official website of PAYBACK or by giving a call to the ICICI Bank Customer Care.
For redeeming the points from the PAYBACK official website, please follow the below steps
- Log in using your credentials into PAYBACK account.
- Click “redeem points”.
- You can consider choosing between “Redeem points from rewards catalogue” or “Redeem points for instant vouchers”.
- Click on the option you wish to and then chose the rewards from the category of rewards.
- Add them to your card.
- Once you are done with it, click “Submit”.
For redeeming your PAYBACK points, ICICI Bank will also provide you with an option through their customer service. You can give a call to their customer support number of your city and then request them to redeem your points and then follow the instructions provided by them.
Fees and charges of ICICI Bank Ferrari Platinum credit card
- An amount of Rs.499/- is charged as a joining fee.
- There is no annual fee charged on this Ferrari Platinum Credit card. An amount of Rs.499/- will be charged as an annual fee on this credit card from the second year onwards.
- No fee is charged for a supplementary card.
- The minimum amount of spends you should make for the reversal of annual fee is Rs.1,25,000/-.
- Rate of interest on this credit card is 3.40%.
- Charges for the issue of the duplicate statement is an amount of Rs.100/-.
- The fee charged for the replacement of card is Rs.100/-.
- Fee for cheque or cash pick-up is an amount of Rs.100/-.
- Fee for the request of charge slip is Rs.100/- per slip.
- Fee for transactions made using a foreign currency is 3.50%.
- The transaction fee for the cash advance is 2.50% which would be subjected to a minimum amount of Rs.300/-.
- Fee for handling redemption is an amount of Rs.99/-.
- The transaction fee for dial-a-draft is 3% of the value of draft which would be subjected to a minimum of Rs.300/-.
- If the outstanding balance amount is up to an amount of Rs.100/-, then there will be no late payment fee charged. An amount of Rs.100/- will be charged as a late payment fee if the outstanding balance is between the amounts of Rs.100/- to Rs.500/-. If the outstanding balance is between the amounts of Rs.501/- to Rs.10,000/-, then an amount of Rs.500/- will be charged a late payment fee. Any outstanding statement balance amount beyond Rs.10,001/- will be charged with a late payment fee of Rs.750/-.
- Charges of over-limit would be 2.50% of the amount of over-limit which would be subjected to a minimum amount of Rs.500/-.
- Fee for cheque return will be 2% of the total amount which would be subjected to a minimum amount of Rs.450/-.
- Fee for return of auto-debit is 2% of the due amount which would be subjected to a minimum value of Rs.450/-.
- Fee on the payment of cash at branches is an amount of Rs.100/- per transaction.
- Processing fee for the outstation cheque is 1% of the value of cheque which would be subjected to a minimum of Rs.100/-.
Eligibility Criteria for ICICI Bank Ferrari Platinum credit card
- The minimum age required for the applicant of the primary card is 23 years.
- Minimum age required for the applicant of the add-on card is 18 years.
- The net income of the primary applicant of the credit card should be more than Rs.5 lakh per year.
- The applicant should be an Indian Citizen.
Documentation for ICICI bank Ferrari Platinum credit card
- Proof of Identity like Passport, Aadhaar card, PAN card.
- Proof of Address like Passport, Aadhaar card.
- Income proof like your Salary Slip or Form 16.
- Coloured Passport photo.