Introduction: You can apply for ICICI Bank Sapphiro Credit card via online and receive vouchers for shopping and travel which will be worth an amount of Rs.10,000/- on the payment of joining fee. You will be able to receive payback points of up to 20,000 each year and get complimentary visits for airport lounges and golf rounds.
A guide to ICICI Bank Sapphiro Credit card features and benefits
The Gem Collection is a credit card series which has been introduced by ICICI bank. This collection will provide you with a range of privileges and rewards. The ICICI Bank Sapphiro Credit card is an integral part of this credit card collection. This credit card will come in two different variants i.e., ICICI Bank Sapphiro MasterCard Credit card and ICICI Bank Sapphiro American Express Credit card.
Avail the below rewards on joining
- Vouchers which are worth an amount of Rs.3,000/- and Rs.1,000/- on Croma and Shoppers Stop.
- 4 vouchers which are worth an amount of Rs.1,000/- and Rs.250/- each for Ola and Yatra respectively.
- Speciality chain of restaurants will provide vouchers for an amount of Rs.1,000/-.
PAYBACK Points on the purchases made using card
- You will be able to get 2,00,000 points in a year.
- When you made transactions using your card up to an amount of Rs.4 lakhs, you will be able to receive 4,000 PAYBACK points as per the program of Milestone Rewards. Adding to this, transactions which are more than the amount of Rs.1 lakh in one year will give you 2,000 points.
- You will be able to receive up to 6 points for transactions which are worth an amount of Rs.100/-. If you are using your card to purchase fuel, payment of utility bills or insurance, you will be able to get 1 point per amount of Rs.100/-.
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- You will be able to receive complimentary membership of the Dream Folks DragonPass.
- The membership will allow you to have two complimentary access to airport lounge along with two sessions of the spa.
Access to golf rounds as complimentary
- Each month, you will be able to get up to 4 complementary golf rounds or lessons.
- You will be able to access this offer through GolfTripz after the 10th of the next month. This offer will be valid for the next two months.
- 1% is waived off on surcharges of fuel for transactions at fuel stations.
ICICI Bank Sapphiro Credit card movie offer
- If you are using the credit card for purchasing movie ticket from BookMyShow, you will be able to receive Rs.500/- off on another ticket which will be purchased in that month.
- You can use this offer twice in a month.
Concessions on dining
- You will be able to receive a 15% discounts at the time of dining at selected restaurants.
- These restaurants should be a part of the Culinary Treats Program of ICICI Bank.
- Services of i-Assist provided by the ICICI Bank will help you in making reservations and referrals for travelling, dining, lifestyle amenities and accommodation.
Protection against misuse of card
- An in-built microchip will protect the credit card from unauthorized or fraudulent transactions.
- Each user will be given a PIN which has to be provided when you are making purchases with card at retail stores.
- You will not be required to enter the PIN for purchases which are made online.
- For obtaining 3D secure for the credit card, you will be required to register your credit card in the ICICI Bank official website.
- Features such as “Counterfeit Card Liability” and “Account Takeover Cover” will act as a protection against malicious usage of the card.
Benefits on insurance
- You will be able to receive up to an amount of Rs.3 crore as part of air accident insurance cover.
- Add-on cardholder will not be able to avail insurance cover.
- This insurance cover can be claimed only if the credit card was used a minimum of 60 days before the incident has occurred.
- For availing insurance, the minimum outstanding balance of the credit card has to be cleared.
ICICI Bank Sapphiro Credit card fees charges
- Joining fee on this Sapphiro Travelcard will be an amount of Rs.6,500/- and GST is excluded.
- There will be no annual fee charged on this Sapphiro Credit card for the first year. From the second year onwards, ICICI Bank Sapphiro Credit card annual fees would be an amount of Rs.3,500/-.
- Minimum purchases you have to make with the credit card to get a waiver on annual fee is an amount of Rs.6 lakh.
- The interest which is charged on the cash advances is 3.40% per month which would be summed up to 40.80% per year.
- Fee for the dial-a-draft transaction is 3% of the amount of draft value for which you will have to make a payment of the minimum fee of Rs.300/-.
- Fee for over-limit will be 2.50% of the amount of over-limit for which you will have to pay the minimum of Rs.500/-.
- Fee for cash advance transaction is 3.5% of the amount of advance which would be subjected to a minimum amount of Rs.300/-.
Process of redeeming reward points on ICICI Bank Sapphiro Credit card
- One PAYBACK point will be equal to an amount worth of Rs.0.25/-.
- The PAYBACK points can be redeemed either in the form of cash or gifts.
- For redeeming the points in the form of cash, you will have to get in touch with the customer care number of ICICI Bank. You will get the money within 7 business days.
- You can also give a call to the customer care number for redeeming reward points for any selected gift. This gift will be received by you within 10 business days.
Eligibility to apply for ICICI Bank Sapphiro Credit card
- Your age should be a minimum of 23 years whereas the add-on cardholder’s age should be a minimum of 18.
- You should be a resident of India.
- You should also have a good credit score as it will improve the chances for the card being approved.
- You will be required to submit your address proof and identity proof like your PAN card, Aadhaar card, Driver’s licence etc.
- You will also be required to submit your Form 16.
- You should also submit your recent passport-size colour photo along with the application which is duly-filled.
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