ICICI Sapphiro (Mastercard) Credit Card
ICICI Bank
Last updated: Feb 03, 2026
₹3,500
₹6,500
3.5%
10 visits/yr
Contents
A premium lifestyle and travel credit card offering generous welcome vouchers, accelerated rewards on lifestyle spends and curated partner offers. It includes complimentary domestic and international lounge access and milestone privileges for high spenders. Best suited for customers who want premium perks and are comfortable with a higher joining and annual fee.
Features of ICICI Sapphiro (Mastercard) Credit Card which makes it unique
Portal Multipliers
High reward multipliers on bank shopping and travel portals
Boosted point accumulation
Higher portal multipliers than many base cards
Milestone Privileges
Spend-based lounge and lifestyle benefits
Perks for high spenders
Milestone rewards targeted at premium customers
Rewards Structure of ICICI Sapphiro (Mastercard) Credit Card
Milestones of ICICI Sapphiro (Mastercard) Credit Card
Quarterly Spend Privilege
₹75,000 (per quarter) : 2 complimentary domestic lounge accesses in following quarter
Annual Milestone
₹600,000 (annual) : Annual fee waiver and luxury partner benefits
Fees & Charges of ICICI Sapphiro (Mastercard) Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹6,500 |
| Annual Fee | ₹3,500 |
| 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:Annual fee waived on ₹600,000 annual spend in previous year.
Fee Explanation Standard ICICI Bank credit card fee schedule and GST apply to joining and annual fees. Other charges follow bank's published rates.
Detailed Explanation of ICICI Sapphiro (Mastercard) Credit Card Fees
Joining Fee: 6500 (one-time)
Paid at card issuance; GST extra
Annual Fee: 3500 (yearly)
Waived on ₹600,000 annual spend
Forex Markup: 3.5% (transaction)
Applies to international transactions
Cash Advance Fee: 2.5% (transaction)
Minimum charge applies per ATM/transaction
Lounge Access Benefits with ICICI Sapphiro (Mastercard) Credit Card
domestic Lounges
silverVisits per year: 8
Guest access: No
Entitlement subject to quarterly spend threshold
international Lounges
silverVisits per year: 2
Guest access: Yes
Through partner programmes (DragonPass/Priority Pass) and spend eligibility
Insurance Coverage with ICICI Sapphiro (Mastercard) Credit Card
Air accident insurance
₹3,000,000Primary cardholder covered for eligible journeys
Purchase protection
₹50,000Within 90 days of purchase; subject to T&Cs
Additional Features of ICICI Sapphiro (Mastercard) Credit Card
Contactless Payments
Tap-and-pay enabled for quick transactions
Add-on Cards
Add-on cards available; privileges apply to primary cardholder
Number of free add-on cards subject to bank policy
Welcome Bonus with ICICI Sapphiro (Mastercard) Credit Card
Welcome Bonus: vouchers worth ₹9,500
Bonus Conditions: Welcome vouchers delivered after payment of joining fee and card activation; offers and partner vouchers subject to change and T&Cs.
Application Process for ICICI Sapphiro (Mastercard) Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via ICICI Bank or partner portal
Upload KYC documents
Receive verification/underwriting call
Card dispatched after approval
Required Documents for ICICI Sapphiro (Mastercard) Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
ICICI Sapphiro (Mastercard) Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally where Mastercard is accepted
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for ICICI Sapphiro (Mastercard) Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
720+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹80,000
Minimum annual income
Self-Employed Applicants
₹100,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant must hold valid PAN and Aadhaar; Indian resident; subject to bank verification.
How Approval Is Decided
- Minimum income as per bank's criteria
- Indian resident
- Satisfactory credit history and KYC
Pros of ICICI Sapphiro (Mastercard) Credit Card
- Attractive welcome voucher package
- Premium lounge access and lifestyle privileges
- Good portal multipliers for accelerated rewards
Cons of ICICI Sapphiro (Mastercard) Credit Card
- High joining and annual fees
- Many premium benefits require high annual spend thresholds
Frequently Asked Questions about ICICI Sapphiro (Mastercard) Credit Card
Is there a joining fee?
Yes. The joining fee is ₹6,500 plus applicable taxes.
What is the annual fee and how can I get it waived?
Annual fee is ₹3,500 plus taxes and can be waived by meeting the annual spend threshold of ₹6,00,000.
What welcome benefits are included?
Welcome vouchers worth approximately ₹9,500 from partners such as Tata CLiQ, Croma, EaseMyTrip and Uber; partner terms apply.
What is the forex markup on international spends?
A foreign exchange markup of around 3.5% is applied to international transactions.
How many lounge visits do I get?
Domestic and international lounge access is available subject to quarterly spend conditions and partner programme terms; specific entitlements depend on card variant and spend.
Who is eligible to apply?
Indian residents aged 21–65 with the bank's minimum income criteria and valid KYC documents are eligible; final approval subject to bank's underwriting.
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