ICICI Bank Sapphiro Credit Card Review
Joining the ICICI Sapphiro Credit Card offers numerous benefits, including earning up to 4 Reward Points for international purchases, 2 Reward Points for domestic purchases, 1 Reward Point for insurance and utilities, up to 20,000 bonus Reward Points...

ICICI Bank Sapphiro Credit Card Review
General Information
Our Rating: 9/10
Joining Fee: Rs. 6,500 + GST
Annual Fee: Rs. 3,500 + GST
Best For: Travel Shopping
Rewards and Benefits
Type of Rewards: Reward Points
Welcome Offers: Exclusive travel & shopping gift vouchers worth more than Rs. 9,000 (From Tata CliQ, EaseMyTrip, Uber, Zomato Pro, Croma) with the Visa & Mastercard variants and get an extra cashback of Rs. 750 on spending Rs 20,000 within 60 days of issuance with the Am
Entertainment and Dining: Get Rs. 500 off on the second movie or event ticket when you buy one ticket from Book My Show.
Shopping Perks: On every Rs. 100 spent, get 4 Reward Points per Rs. 100 spent on international purchases & 2 Reward Points on domestic purchases.
Travel Benefits: Complimentary Domestic & International Airport Lounge visits and complimentary Spa Sessions at select Domestic airports under the Dreamfolks Membership Programme.
Domestic Lounge Access: 2 complimentary domestic lounge visits with the MasterCard & Amex variant each, and 4 complimentary domestic lounge access with the Visa variant.
International Lounge Access: 2 complimentary International Airport Lounge Access every year through the Dreamfolks membership.
Golf Benefits: Complimentary golf rounds/lessons every quarter
Insurance Coverage: Air accident insurance (worth Rs 3 crores), Credit Shield Cover worth Rs 50,000 and other travel-related Insurance Covers.
Fees and Charges
Waiver on Spend: Renewal fee waiver on spending Rs 6 Lakhs annualy.
Redemption Fee: Rs. 99 (plus applicable taxes) per redemption request
Foreign Transaction Fee: 3.5
Interest Rate: 3.4% per month (or 40.8% per annum)
Fuel Surcharge Waiver: 1% of Fuel Surcharge Waiver (Maximum Rs 250 per billing cycle) at all fuel stations in India.
Cash Advance Fee: 2.5% of the total transaction amount (minimum Rs. 300)
Summary
The benefits of joining are valued at more than Rs. 9,000. For international purchases, you can earn up to 4 Reward Points for every Rs. 100 spent, and for domestic purchases, you can earn 2 Reward Points per Rs. 100 spent. You will also earn 1 Reward Point for every Rs. 100 spent on insurance and utility categories. Additionally, you can receive up to 20,000 bonus Reward Points each year through the Milestone Reward Program. You can also take advantage of the Buy 1 Get 1 Free offer on movie tickets at BookMyShow. Furthermore, you will have access to complimentary lounges within and outside of India, as well as the opportunity to enjoy spa sessions at selected domestic airports. Lastly, with the ICICI Sapphiro Credit Card, you can enjoy complimentary golf sessions up to four times a month at prestigious golf courses around the world.
Our Review
I recently applied for the ICICI Bank Sapphiro Credit Card and I am extremely satisfied with its benefits and features.
This card is well-suited for travel and shopping enthusiasts like me, as it offers a wide range of exclusive benefits.
Firstly, the joining fee of Rs. 6,500 + GST and renewal fee of Rs. 3,500 + GST may seem on the higher side, but the perks and rewards justify the cost.
As a welcome benefit, I received exclusive travel and shopping gift vouchers worth more than Rs. 9,000 from popular brands like Tata CliQ, EaseMyTrip, Uber, Zomato Pro, and Croma.
This was a pleasant surprise and helped me kickstart my credit card journey with great savings.
Additionally, I was thrilled to learn that I could get an extra cashback of Rs. 750 on spending Rs. 20,000 within 60 days of issuance with the American Express variant.
This rewards program encourages me to spend responsibly and reap the benefits of this card.
One of the key features that stood out to me was the movie dining offer.
I can enjoy Rs. 500 off on the second movie or event ticket when I purchase one ticket from BookMyShow.
This is a fantastic way to save money while enjoying my favorite films.
The rewards program of the ICICI Bank Sapphiro Credit Card is highly rewarding.
For every Rs. 100 spent, I earn 4 Reward Points on international purchases and 2 Reward Points on domestic purchases.
These points can be redeemed for a wide range of products and services, and the redemption process is hassle-free.
However, it is important to note that there is a rewards redemption fee of Rs. 99 (plus applicable taxes) per redemption request.
As a frequent traveler, I was delighted to discover that this card offers complimentary domestic and international airport lounge visits.
Additionally, I can enjoy complimentary spa sessions at select domestic airports under the Dreamfolks Membership Programme.
With the MasterCard and American Express variants, I receive 2 complimentary domestic lounge visits each, while the Visa variant provides 4 complimentary domestic lounge access.
Moreover, the Dreamfolks membership also grants me 2 complimentary international airport lounge accesses every year.
If you are a golf enthusiast, you will appreciate the complimentary golf rounds or lessons that are offered every quarter.
This is a unique feature that sets this credit card apart from others in the market.
The ICICI Bank Sapphiro Credit Card also provides comprehensive insurance benefits.
It includes air accident insurance worth Rs. 3 crores and a Credit Shield Cover worth Rs. 50,000.
Additionally, it offers various travel-related insurance covers to ensure peace of mind during my journeys.
For those who spend a significant amount on their credit card annually, the ICICI Bank Sapphiro Credit Card offers a renewal fee waiver on spending Rs. 6 Lakhs annually.
This is a great incentive for those who maximize their card benefits and enjoy the perks offered by this card.
It is essential to note that this card has a foreign currency markup of 3.50% of the total transaction value.
This might be a drawback for frequent international travelers, as it adds to the overall cost of transactions made in foreign currency.
The interest rate on this credit card is 3.4% per month, which amounts to an annual rate of 40.8%.
It is advisable to clear the outstanding balance on time to avoid hefty interest charges.
Another advantage of the ICICI Bank Sapphiro Credit Card is the fuel surcharge waiver of 1% (maximum Rs. 250 per billing cycle) at all fuel stations in India.
This waiver provides additional savings for those who commute frequently by private vehicles.
In case of emergencies or cash requirements, this credit card offers a cash advance facility.
The cash advance fee is 2.5% of the total transaction amount, with a minimum charge of Rs. 300.
Overall, the ICICI Bank Sapphiro Credit Card is an excellent choice for individuals who love to travel and shop.
The benefits, rewards, and exclusive privileges make it a standout option in the market.
The joining and renewal fees may seem on the higher side, but the plethora of benefits more than make up for it.
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