ICICI Bank
ICICI Bank Instant Platinum Credit Card
An FD-backed lifetime free credit card from ICICI Bank designed mainly for beginners and users with no credit history. It offers instant issuance against a Fixed Deposit along with reward points, movie discounts, and fuel surcharge waiver.
Highlights
Main benefits
- Lifetime free credit card
- Instant issuance against FD
- No income proof generally needed
- 2 PAYBACK points per ₹100 spend
- Movie ticket discount on BookMyShow
- Dining discounts through Culinary Treats program
- Fuel surcharge waiver available
- Helps improve CIBIL score
- International acceptance with Visa benefits
Fees
Fees and charges
Joining fee
Nil
Renewal fee
Nil
Annual fee waiver
Not applicable
Who can apply
Eligibility
- Indian resident
- Minimum FD generally ₹20,000–₹50,000 depending on issuance criteria
- Minimum FD tenure: 180 days
- No income proof usually required
- Suitable for beginners and users with low/no credit history
Checklist
Documents required
- PAN Card
- Aadhaar Card
- Passport-size photo
- Address proof
- FD with ICICI Bank
- Basic KYC documents
Process
How to apply
1. Visit nearest ICICI Bank branch or apply online
2. Open/create eligible Fixed Deposit
3. Submit KYC documents
4. Complete verification
5. Card may be issued instantly over the counter after approval
Value
Reward and cashback structure
Reward rate
2 PAYBACK points per ₹100 spent on retail purchases, 1 PAYBACK point per ₹100 on utility and insurance spends
Cashback
No direct cashback system, Rewards redeemed through PAYBACK catalogue and vouchers
Good fit
Pros
- Easy approval process
- Good beginner credit card
- Instant issuance possible
- Lifetime free structure
- Useful movie and dining offers
- Strong ICICI sale discount compatibility
- Helps build credit history
Watchouts
Cons
- No airport lounge access
- Rewards value is basic compared to modern cashback cards
- Requires FD lien
- No strong cashback system
- Limited travel benefits
- Better UPI-focused beginner cards now available in market
Related
Related cards
Compare
Compare Cards
| Field | ICICI Bank Instant Platinum Credit Card | HDFC Diners Club Black METAL Credit Card |
|---|---|---|
| Bank/provider | ICICI Bank | HDFC Bank |
| Joining fee | Nil | ₹10,000/- plus Applicable Taxes |
| Renewal fee | Nil | ₹10,000/- plus Applicable Taxes |
| Best for | Building credit score, first-time credit card users, FD-backed guaranteed approval, ICICI instant discount offers, Movie and dining discounts | Luxury travel, airport lounge access, and maximum reward points on high spending |
| Reward rate | 2 PAYBACK points per ₹100 spent on retail purchases, 1 PAYBACK point per ₹100 on utility and insurance spends |
|
| Cashback | No direct cashback system, Rewards redeemed through PAYBACK catalogue and vouchers | Cashback redemption value: around ₹0.30 per point against statement balance |
| Lounge access | No Included airport lounge access | Unlimited lounge access to 1,300+ lounges in India and abroad for primary and add-on card members |
| Fuel surcharge waiver | Up to 2.5% fuel surcharge waiver at HPCL pumps on eligible transactions up to ₹4,000 | 1% waiver at fuel stations across India on transactions above ₹400, with a maximum waiver of ₹1,000 per statement cycle |
| Welcome benefit | Not listed | Annual memberships of Club Marriott, Amazon Prime and Swiggy One on 1.5 Lakh spends in first 90 days |
| Annual fee waiver condition | Not applicable | Spend ₹ 8 lakh in 12 Months and get Renewal Fee waived for next renewal year |
| Eligibility |
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| Apply link | Apply | Apply |