ICICI Instant Platinum Credit Card
ICICI Bank
last updated: Oct 23, 2025
₹0
₹0
3.5%
No lounge access
Contents
A secured platinum credit card issued against an ICICI fixed deposit, suited for customers building credit or seeking a no-fee everyday card. Instant issuance is available when a qualifying fixed deposit is provided. The card offers reward points on everyday spends, movie and dining offers, and international acceptance.
Features of ICICI Instant Platinum Credit Card which makes it unique
Instant Issuance
Card issued instantly when secured by a qualifying ICICI fixed deposit
Immediate usage and no waiting period
Faster than unsecured issuance routes
Reward Redemption
Redeem Payback points across multiple categories and partners
Flexibility in redemption
Compatible with ICICI and Payback partner network
Rewards Structure of ICICI Instant Platinum Credit Card
Milestones of ICICI Instant Platinum Credit Card
Quarterly Milestone
₹50,000 : ₹500 cashback
Annual Milestone
₹2,00,000 : Bonus reward or partner benefit (subject to bank promotions)
Fees & Charges of ICICI Instant Platinum Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹750 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2% |
Renewal Conditions:Lifetime free when card issued against a valid fixed deposit; refer to bank terms.
Fee Explanation Standard bank rates apply for overdue amounts and cash advances; refer to most important terms & conditions.
Lounge Access Benefits with ICICI Instant Platinum Credit Card
domestic Lounges
silverVisits per year: 0
Guest access: No
Complimentary lounge access may be available on selected ICICI products or via quarterly spend programmes.
Insurance Coverage with ICICI Instant Platinum Credit Card
Travel Insurance
₹0Travel benefits vary by product; check card-specific terms.
Purchase Protection
₹50,000Valid within 90 days of purchase; claims subject to insurer terms.
Additional Features of ICICI Instant Platinum Credit Card
Contactless Payments
Tap-and-pay enabled for faster checkouts
Add-on Cards
Supplementary cards available as per bank policy
Up to bank-specified limit.
Welcome Bonus with ICICI Instant Platinum Credit Card
Welcome Bonus: Get 10,000 Payback points
Bonus Conditions: Valid for new customers only. Minimum spend ₹20,000 within 90 days.
Application Process for ICICI Instant Platinum Credit Card
Processing Time
Instant issuance or within 5-7 business days depending on application mode
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Apply online via ICICI or Finanjo portal with FD details
Upload KYC documents or provide at branch
Receive verification and instant card details (if eligible)
Physical card dispatched as per bank timeline
Required Documents for ICICI Instant Platinum Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
secured/FD-backed issuanceAccepted documents:
ICICI Instant Platinum Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for ICICI Instant Platinum Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
650+
Citizenship
Indian resident
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹0
Minimum annual income
Who Can Apply
Important Conditions
- For instant issuance the card is secured by a qualifying ICICI fixed deposit.
How Approval Is Decided
- Valid ICICI fixed deposit (qualifying amount, typically from ₹50,000)
- Indian resident
- KYC-complete account
Pros of ICICI Instant Platinum Credit Card
- No joining or annual fee (when FD-backed)
- Instant issuance for customers with FD
- Simple Payback rewards on everyday spends
Cons of ICICI Instant Platinum Credit Card
- Secured by fixed deposit (requires funds)
- Relatively higher forex markup compared with premium travel cards
- Limited premium travel perks
Frequently Asked Questions about ICICI Instant Platinum Credit Card
Is there a joining fee?
No. When the card is issued against a qualifying ICICI fixed deposit, there is no joining or annual fee.
How is the card issued instantly?
Instant issuance is available when you apply with a qualifying fixed deposit at an ICICI branch or via approved issuance channels.
What is the reward earning rate?
Typical earn rates include 2 Payback points per ₹100 on general spends and higher rates in selected categories; refer to bank for current rates and promotional offers.
Can I use this card internationally?
Yes. The card has international acceptance, but a forex markup applies (typical market rates around 3.5%).
What documents are required to apply?
ID proof (PAN, Aadhaar), address proof (passport, utility bill) and fixed deposit details for FD-backed issuance.
How do I redeem Payback points?
Points can be redeemed via ICICI/Payback partner portals for vouchers, flights, or statement credit, subject to partner terms.
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