The ICICI Sapphiro Credit Card is a premium lifestyle credit card designed for customers who regularly spend on travel, dining, entertainment and other lifestyle categories. It offers benefits such as airport lounge access, movie offers, golf privileges, reward points, milestone benefits and insurance coverage.
The card comes with a joining and annual fee, although the annual fee may be waived when the applicable spending requirement is met. Its value largely depends on how frequently you use the travel, entertainment and lifestyle benefits. Before applying, compare the card's fees, reward structure and eligibility requirements with your spending habits.
Features and Lifestyle Benefits of the ICICI Sapphiro Credit Card
The ICICI Sapphiro Credit Card offers travel, entertainment, reward and lifestyle benefits for customers with premium spending needs.
- Welcome Benefits - Get welcome vouchers worth up to ₹13,000 from brands such as Tata CLiQ, EazyDiner, Da Milano, EaseMyTrip and Tata Croma, subject to applicable terms.
- Lounge Access - Enjoy 2 complimentary international lounge visits per year and 4 domestic lounge visits per quarter, subject to spending over ₹75,000 in the applicable quarter.
- Golf Benefits - Get 1 complimentary golf round on spending ₹50,000 in the previous calendar month, subject to applicable conditions.
- Insurance Coverage - The card provides protection through air accident, personal accident, purchase protection, baggage and card liability insurance, subject to policy terms.
- Reward Points - Earn reward points on eligible transactions and redeem them for applicable travel, shopping and other benefits.
- Lifestyle Benefits - Additional benefits include concierge services, entertainment offers, travel privileges and lifestyle deals, making the card suitable for frequent travellers and premium spenders.
Offerings of the ICICI Bank Sapphiro Credit Card
Joining Fee: ₹6,500 + GST | Annual Fee: ₹3,500 + GST (Waived on spending ₹6 Lakhs in a calendar year)
Reward Points:
- Get 4000 reward points for every ₹4 Lakhs spent.
- Get 2000 reward points for every additional ₹1 Lakh spent.
- Get up to 20,000 reward points in an anniversary year.
Welcome Benefit: Get welcome vouchers from Tata CLiQ, Eazy Diner, Da Milano, EaseMyTrip, and Tata Croma up to ₹13,000
Airport Lounge Access:
- Get 2 complimentary international lounge access in a year.
- Get 4 complimentary domestic lounge access in a quarter, subject to spending over ₹75,000 in the quarter.
Free Movie Tickets: Get 1 movie ticket and up to ₹500 off the second movie ticket on BookMyShow, twice a month.
Insurance Coverage
- Air Accident Insurance coverage up to ₹3 crores.
- Get personal accident coverage up to ₹2 lakhs.
- Get purchase protection coverage on your ICICI Sapphiro card up to ₹1,40,000.
- Plane Hijacking and Credit Shield to a maximum of ₹1 Lakh.
- Loss of Checked-In Baggage of ₹84,000.
- Insurance for Baggage up to ₹50,000.
- Card Liability Coverage of ₹50,000.
Other Benefits
- Round-the-clock concierge services are available by calling the toll-free number.
- Get complimentary gold rounds every month, up to 4 rounds.
Fuel Surcharge Waiver: Get 1% fuel surcharge waiver on fuel transactions up to ₹4000 in all fuel pumps.
Forex Markup Fee: 3.5% on all transactions done in a foreign country.
Golf Round: Get 1 free golf round access on spending ₹50,000 in the previous month.
Eligibility:
- An Indian Citizen over 21 years of age
- Salaried individual with a monthly income of ₹75,000.
- Self-employed professional with an annual income of ₹9,00,000.
Documents:
- ID Proof: Aadhaar Card/ PAN Card/Voter's ID Card/ Passport/ Driving License
- Address Proof: Aadhaar Card/ Passport/ Registered Rent or Lease Agreement/
- Income Proof: Bank Statement/ 3 Months Salary Slips
Earn and Redeem Reward Points
With the ICICI Sapphiro Credit Card, you can earn reward points based on your eligible spending category:
- International transactions: 4 points for every ₹100 spent
- Domestic transactions: 2 points for every ₹100 spent
- Utility and insurance transactions: 1 point for every ₹100 spent
Reward Point Redemption
The accumulated points can be redeemed for a variety of products and experiences, including:
- Health and beauty
- Travel and luggage
- Shopping vouchers
- Home appliances
- Electronics
- Fashion and lifestyle
The available redemption options and applicable conditions may vary as per the current reward programme terms.
Disadvantages of the ICICI Sapphiro Credit Card
Although the ICICI Sapphiro Credit Card offers several premium benefits, it may not be suitable for everyone.
- Relatively High Fees
The card carries a joining fee and annual fee. Customers who do not use the available benefits or meet the applicable fee-waiver condition may find the overall cost less attractive.
- Benefits Depend on Spending
Several benefits are linked to spending thresholds. Customers with lower or irregular spending may not be able to fully utilise the card's milestone, lounge or golf benefits.
- Not Primarily a Cashback Card
The Sapphiro card focuses more on travel, entertainment and lifestyle benefits than straightforward cashback. Customers looking for a simple cashback-focused card may find other options more suitable.
- Foreign Currency Charges
International transactions are subject to the applicable foreign currency markup. Frequent international spenders should compare this charge with cards that offer lower forex fees.
- Reward Exclusions
Certain transaction categories may earn fewer or no reward points depending on the applicable reward programme terms. Cardholders should review the exclusions before choosing the card for everyday spending.
Conclusion
The ICICI Sapphiro Credit Card can be a suitable choice for frequent travellers and premium spenders who can make the most of its lounge access, rewards, golf and lifestyle benefits. Before applying, compare the fees, spending requirements and reward value to ensure the card matches your spending habits.
FAQs
1. What is the ICICI Sapphiro Credit Card?
It is a premium lifestyle credit card that combines reward points with travel, entertainment, lounge access, golf and insurance benefits. It is generally more suitable for customers who can make regular use of these features.
2. What are the key benefits of the Sapphiro Credit Card?
Key benefits include reward points on eligible transactions, complimentary airport lounge access, golf privileges, movie offers, insurance protection and selected dining and lifestyle benefits.
3. Can the annual fee be waived?
Yes. The annual fee can be waived when you spend ₹6 lakh in a calendar year, subject to the applicable terms and conditions.
4. Is there a spending requirement for lounge access?
Yes. You can get 2 complimentary international lounge visits per year and 4 domestic lounge visits per quarter. Domestic access requires spending ₹75,000 in the applicable quarter, subject to the prevailing conditions.
5. How many milestone reward points can I earn?
You can earn 4,000 reward points on spending ₹4 lakh and an additional 2,000 points for every ₹1 lakh spent, subject to the applicable milestone rules. The card also offers up to 20,000 milestone reward points in an anniversary year.
Disclaimer: This page includes information compiled from many sources and is provided for informational purposes only. Given that this type of data may change over time, we cannot guarantee the accuracy of the information supplied or included within it. It is anticipated that the user will confirm with the relevant source before making any choices or taking any action.