vs
In short: ICICI Platinum Chip has the lower annual fee (none vs ₹3,500); both charge a 3.5% forex markup.
| Key facts | ICICI Platinum Chip | ICICI Sapphiro |
|---|---|---|
| Annual fee | None | ₹3,500 |
| Joining fee | None | ₹6,500 |
| Annual fee waived | Not listed | On ₹6 lakh annual spend |
| Top reward rate | 2 Reward Points per ₹100 | 4 reward points For Every ₹100 on International Spends |
| Base rewards | 2 Reward Points per ₹100 | 2 Reward Points per ₹100 |
| Lounge access | Not listed | 4 airport lounge visits a quarter |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 4 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
On ₹20,000 a month with ₹5,000 at each card's top rate, ICICI Platinum Chip returns about ₹3,200 more a year after annual fees (₹1,200 vs ₹1,500 in rewards).
| Spend profile | ICICI Platinum Chip | ICICI Sapphiro |
|---|---|---|
| Reward value: top rate / base rate | 0.5% / 0.5% | 1% / 0.5% |
| ₹20,000 a month, all general spends | ₹1,200 | ₹1,200 |
| ₹20,000 a month, ₹5,000 of it at each card's top rate | ₹1,200 | ₹1,500 |
| Annual fee | None | ₹3,500 |
Estimates from the earn rates above, with stated cashback caps applied, before exclusions. Reward points are valued at the card's best listed redemption (often travel or vouchers via the bank's portal); cash-back on the statement is usually worth less. Annual fees may be waived on spend (see the table below).
The ICICI Bank Platinum Chip Credit card Visa offers a no-fee structure with a straightforward rewards program, while the ICICI Bank Sapphiro Visa Credit Card comes with a higher joining and renewal fee but provides enhanced travel perks and better rewards on international spends. Both cards have a 3.5% forex markup and a 1% fuel surcharge waiver, catering to different user priorities.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
Last updated:
| Feature | ICICI Bank Platinum Chip Credit card Visa | ICICI Bank Sapphiro Visa Credit Card |
|---|---|---|
| Bank | ICICI Bank | ICICI Bank |
| Network | Visa | Visa |
| Joining fee | No Joining Fees | Joining Fee of Rs.6500 |
| Annual / renewal fee | No Annual Fee | Second Year Onwards Annual Fee of Rs.3500 |
| Annual fee waiver | — | Spend Rs.6 Lakh For Waiver of Annual Fee |
| Top reward rate | Earn 2 Reward Points per Rs.100 | Earn 4 Rewards Points For Every Rs.100 on International Spends |
| Base rate (other spends) | — | Earn 2 Reward Points per Rs.100 |
| Lounge — domestic | — | 4 Complimentary Airport Lounge Access Per Quarter |
| Lounge — international | — | 2 Complimentary International Airport Lounge Access |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | — | 20000 Reward Points Every Anniversary Year |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | 3.50% - Foreign Currency Transactions |
For rewards, the ICICI Bank Sapphiro Visa Credit Card stands out with its higher earning potential, offering 4 reward points per Rs.100 on international spends compared to the Platinum Chip card's flat 2 points per Rs.100. Both cards provide 2 points per Rs.100 on domestic spends, but the Sapphiro's accelerated international rewards and the 20,000 reward points given every anniversary year add significant value. At Rs.20,000 a month of spend, the Sapphiro card yields about Rs.1,500 in rewards annually, compared to Rs.1,200 with the Platinum Chip card.
The Sapphiro card is better suited for travel enthusiasts, offering 4 complimentary domestic airport lounge accesses per quarter and 2 international lounge accesses, enhancing the travel experience. The Platinum Chip card does not list lounge access benefits in our data. Both cards have the same 3.5% forex markup and 1% fuel surcharge waiver, but the Sapphiro's lounge access and concierge services provide a clear advantage for frequent travelers.
The Platinum Chip card has no joining or annual fees, making it a cost-effective choice for those seeking basic credit card benefits without extra charges. In contrast, the Sapphiro card charges Rs.6,500 as a joining fee and Rs.3,500 annually from the second year onwards, with an annual fee waiver if you spend Rs.6 lakh in a year. This higher cost is justified by premium benefits but may not be suitable for low spenders.
Both cards allow reward points to be redeemed at Rs.0.25 per point, but the Sapphiro card's higher points earning on international spends and anniversary bonus points increase the overall redemption potential.
The Sapphiro card offers an annual fee waiver if you spend Rs.6 lakh in a year, which requires careful tracking of your expenses to avoid fees. Information about fee waivers for the Platinum Chip card is not listed in our data — check the issuer.
Consider the ICICI Bank Platinum Chip Credit card Visa if you prefer a no-fee credit card with simple rewards and basic fuel surcharge benefits. It is ideal for users who want to avoid annual fees and prefer straightforward rewards without a focus on premium travel perks.
Consider the ICICI Bank Sapphiro Visa Credit Card if you are a frequent traveler who values airport lounge access and concierge services, and if you spend significantly on international transactions to maximize the 4 reward points per Rs.100. It suits those willing to pay higher fees for enhanced rewards and travel benefits, especially if you can meet the Rs.6 lakh annual spend to waive the renewal fee.
The ICICI Bank Platinum Chip Credit card Visa has no annual fee, while the ICICI Bank Sapphiro Visa Credit Card charges Rs.3,500 annually from the second year, with a joining fee of Rs.6,500.
The ICICI Bank Sapphiro Visa Credit Card provides 4 complimentary domestic airport lounge accesses per quarter and 2 international lounge accesses. Lounge access benefits for the Platinum Chip card are not listed in our data.
Both cards have a forex markup fee of 3.5% on foreign currency transactions.
Yes, both cards offer a 1% fuel surcharge waiver on fuel transactions.
The Platinum Chip card earns 2 reward points per Rs.100 on all spends, while the Sapphiro card earns 2 points per Rs.100 on domestic spends and 4 points per Rs.100 on international spends.
The Sapphiro card offers 20,000 reward points every anniversary year as a welcome benefit. The Platinum Chip card does not list any welcome or milestone benefits in our data.