ICICI Bank Ferrari Signature Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Receive a Scuderia Ferrari Watch as a welcome gift. Earn 2 Reward Points for every Rs. 100 spent. Get up to 2 free movie tickets each month. Enjoy a discount of at least 15% on dining at over 2,500 high-end restaurants. Receive 2 complimentary domestic lounge access passes every quarter. Top spenders are rewarded with exclusive privileges, including a trip to the Ferrari home in Italy. Get up to 20% off on Ferrari merchandise. Waive the annual membership fee based on spending. Avoid paying a 1% fuel surcharge at all HPCL pumps.

The ICICI Bank Ferrari Signature Credit Card is a great choice for movie and travel enthusiasts.

With a joining fee of Rs. 3,999 + GST and a renewal fee of Rs. 999 + GST, this card offers some exciting benefits.

For movie lovers, the card provides a Buy 1 Get 1 Free offer on movies at BookMyShow.

This is a fantastic perk for those who enjoy catching the latest films.

Additionally, cardholders can enjoy a minimum discount of 15% on dining, making it a great option for foodies.

When it comes to shopping, the card offers 2 Reward Points for every Rs. 100 spent, allowing you to earn rewards while making your purchases.

This can be a great way to save money and get some extra perks.

For travelers, the card provides complimentary domestic lounge access every quarter.

This is a great benefit for those who frequently travel within the country and want to enjoy a comfortable and relaxing experience at the airport.

Furthermore, cardholders can also avail 2 complimentary domestic lounge access each calendar quarter.

If you are looking for a card with golf or insurance benefits, this card may not be the best fit as it does not offer those features.

However, the annual fee of the card can be waived off if you spend Rs. 2,50,000 or more in the previous year.

This gives you the opportunity to enjoy the benefits of the card without having to pay the renewal fee.

When it comes to redeeming your rewards, there is a redemption fee of Rs. 99 on every redemption request.

This is something to keep in mind if you plan on redeeming your rewards frequently.

It is important to note that the card has a foreign currency markup of 3.5% on all overseas transactions.

This should be taken into consideration if you frequently travel abroad and plan on using the card for your expenses.

The card has an interest rate of 0.034, which is competitive compared to other credit cards in the market.

This makes it a good option if you tend to carry a balance on your card.

For fuel purchases, the card offers a 1% fuel surcharge waiver at all HPCL fuel stations.

This can be a great way to save money on your fuel expenses.

If you need cash in an emergency, you can avail a cash advance with a fee of 2.5% of the transacted amount, with a minimum of Rs. 300.

In summary, the ICICI Bank Ferrari Signature Credit Card is a suitable choice for individuals who enjoy movies and travel.

It offers attractive benefits such as the Buy 1 Get 1 Free offer on movies, discounts on dining, and rewards on shopping.

With the added perk of lounge access and the potential to waive the annual fee, this card can provide value for those with specific interests.

However, be aware of the redemption fee and foreign currency markup, and consider your spending habits and travel requirements before applying for this card.