In the ever-expanding realm of premium credit cards, the ICICI Bank Sapphiro Credit Card stands out as a distinguished offering, positioned just beneath the coveted ICICI Emeralde Credit Card. Designed for individuals seeking a host of privileges, lucrative offers, and user-friendly features, this credit card caters to both frequent travelers and those aiming to maximize savings across various spending categories.
ICICI Sapphiro Credit Card Variants and Fees
The ICICI Bank Sapphiro Credit Card comes in three variants:
Welcome Benefits
The card starts your journey with exclusive welcome benefits worth more than the joining fee itself. Cardholders receive travel and shopping gift vouchers from Tata CliQ, EaseMyTrip, Uber, Zomato Pro, and Croma, collectively valued at over Rs. 9,000. The AmEx variant goes the extra mile, providing an additional cashback of Rs. 750 on spending Rs. 20,000 within 60 days of issuance.
Rewards and Milestones
Earning rewards is easy with the ICICI Bank Sapphiro Credit Card. The card transitioned from the Payback Program to the ICICI Rewards program, offering users the chance to accumulate ICICI Reward Points for every purchase. The reward rate is at 4/Rs. 100 spent on international purchases and 2 on domestic purchases.
Under the Milestone Reward Program, cardholders can earn up to 20,000 bonus Reward Points every year by achieving spending milestones. The card also features a "Buy 1 Get 1 Free Offer" on movie tickets through BookMyShow, enhancing entertainment benefits.
Travel and Lounge Access
For travellers, the ICICI Bank Sapphiro Credit Card provides a suite of travel benefits. Cardholders enjoy complimentary domestic and international airport lounge visits, ensuring a touch of luxury during their journeys. Additionally, the Dreamfolks Membership Programme offers spa sessions at select domestic airports.
Insurance and Protection
The card extends a range of insurance benefits, including air accident insurance worth Rs. 3 crores, credit shield cover of Rs. 50,000, and various other travel-related insurance covers. The Zero Liability Protection feature offers peace of mind in case of a lost or stolen card.
Additional Features
Beyond travel and rewards, the ICICI Bank Sapphiro Credit Card brings exclusive golf benefits, offering complimentary golf rounds and lessons every quarter. The card also features a spend-based waiver, granting a renewal fee waiver on spending Rs. 6 lakhs annually.
Fees
While the joining fee is Rs. 6,500 plus GST, the renewal fee is Rs. 3,500 plus GST from the second year onwards. The card carries a foreign currency markup of 3.50% and an annual interest rate of 3.4%. However, the benefits provided aim to outweigh these charges for the right user.
Is It the Right Card for You?
Choosing the ICICI Bank Sapphiro Credit Card depends on individual preferences and spending habits. The card caters to a diverse audience, from travel enthusiasts to those seeking savings across various categories. With its welcome benefits, rewards program, travel perks, and insurance coverage, the card stands as a comprehensive offering for those willing to explore the premium credit card segment.
In conclusion, the ICICI Bank Sapphiro Credit Card presents a compelling choice for individuals wanting a credit card that seamlessly combines luxury, rewards, and practical benefits. While the joining fee may seem substantial, the card's extensive range of features and potential savings make it a worthy contender in the competitive landscape of premium credit cards.
ICICI Sapphiro Credit Card Variants and Fees
The ICICI Bank Sapphiro Credit Card comes in three variants:
- ICICI Bank Sapphiro AmEx Credit Card
- ICICI Bank Sapphiro Visa Credit Card
- The Mastercard variant
Welcome Benefits
The card starts your journey with exclusive welcome benefits worth more than the joining fee itself. Cardholders receive travel and shopping gift vouchers from Tata CliQ, EaseMyTrip, Uber, Zomato Pro, and Croma, collectively valued at over Rs. 9,000. The AmEx variant goes the extra mile, providing an additional cashback of Rs. 750 on spending Rs. 20,000 within 60 days of issuance.
Rewards and Milestones
Earning rewards is easy with the ICICI Bank Sapphiro Credit Card. The card transitioned from the Payback Program to the ICICI Rewards program, offering users the chance to accumulate ICICI Reward Points for every purchase. The reward rate is at 4/Rs. 100 spent on international purchases and 2 on domestic purchases.
Under the Milestone Reward Program, cardholders can earn up to 20,000 bonus Reward Points every year by achieving spending milestones. The card also features a "Buy 1 Get 1 Free Offer" on movie tickets through BookMyShow, enhancing entertainment benefits.
Travel and Lounge Access
For travellers, the ICICI Bank Sapphiro Credit Card provides a suite of travel benefits. Cardholders enjoy complimentary domestic and international airport lounge visits, ensuring a touch of luxury during their journeys. Additionally, the Dreamfolks Membership Programme offers spa sessions at select domestic airports.
Insurance and Protection
The card extends a range of insurance benefits, including air accident insurance worth Rs. 3 crores, credit shield cover of Rs. 50,000, and various other travel-related insurance covers. The Zero Liability Protection feature offers peace of mind in case of a lost or stolen card.
Additional Features
Beyond travel and rewards, the ICICI Bank Sapphiro Credit Card brings exclusive golf benefits, offering complimentary golf rounds and lessons every quarter. The card also features a spend-based waiver, granting a renewal fee waiver on spending Rs. 6 lakhs annually.
Fees
While the joining fee is Rs. 6,500 plus GST, the renewal fee is Rs. 3,500 plus GST from the second year onwards. The card carries a foreign currency markup of 3.50% and an annual interest rate of 3.4%. However, the benefits provided aim to outweigh these charges for the right user.
Is It the Right Card for You?
Choosing the ICICI Bank Sapphiro Credit Card depends on individual preferences and spending habits. The card caters to a diverse audience, from travel enthusiasts to those seeking savings across various categories. With its welcome benefits, rewards program, travel perks, and insurance coverage, the card stands as a comprehensive offering for those willing to explore the premium credit card segment.
In conclusion, the ICICI Bank Sapphiro Credit Card presents a compelling choice for individuals wanting a credit card that seamlessly combines luxury, rewards, and practical benefits. While the joining fee may seem substantial, the card's extensive range of features and potential savings make it a worthy contender in the competitive landscape of premium credit cards.
