Is it compulsory to have a fixed deposit account in ICICI Bank only to get this card?

No, you can have a fixed deposit account in other banks as well.

What documents will I need to submit in order to get this card?

You will only have to submit a proof of your fixed deposit account.

Is there a renewal fee that I need to pay in order to maintain the card?

No, there are no joining, annual, or renewal fee that you would need to pay in order to maintain this card.

How long does it take to get this card?

This card is available over-the-counter. Hence, you would get it as soon as you submit your document.

Is there a salary criterion?

Since the bank offers this card against a fixed deposit account, there is no salary criterion.

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ICICI Bank Instant Platinum Credit Card

To suit the financial needs of individuals who love to lead a fast-paced life, ICICI Bank has come up with the Instant Platinum Credit Card. This card can be obtained instantly and is free of cost. This is a perfect choice for people who want to build their credit score from scratch. It is also a good option for them who want to repair their CIBIL score by using a good credit card.

Individuals can procure this card against their fixed deposit account and they wouldn't need to submit any income proof as well. This card is available to customers over-the-counter. Hence, one wouldn't even have to wait for an application process start or finish. Let's take a detailed look at the prime features and benefits of the ICICI Bank Instant Platinum Credit Card.

Features and Benefits of ICICI Bank Instant Platinum Credit Card

The ICICI Bank Instant Platinum Credit Card comes loaded with some useful features and exciting benefits.

Over-the-counter issuance of card: Applicants can walk into a branch and get the ICICI Bank Instant Platinum Credit Card over-the-counter in an instant. All the applicant needs is a fixed deposit account.
No joining or annual fee: Cardholders do not need to pay a joining or annual fee to procure this card. If they have a valid fixed deposit account, they can get this card without having to pay any fee.
Good payback rewards: For every Rs.100 spend on the card, cardholders can earn 2 payback reward points. They can redeem these reward points to bag attractive gifts from the bank's catalogue.
Globally accepted: This card is accepted in more than 2 million outlets and has global emergency assistance.
Low rate of interest: Cardholders can earn interest on their fixed deposit and use the ICICI Bank Instant Platinum Credit Card to manage their liquidity. The applicable interest rate is just 2.49% per month. However, if the cardholder pays his outstanding balance on time, they will not have to pay any interest.
Contactless technology: This card is equipped with contactless technology that offers additional security against credit card fraud and duplication.
Good savings on dining: Cardholders can avail a discount worth 15% while dining at more than 800 leading restaurants across the country. This card features under the culinary delights program run by the ICICI Bank.
Fuel surcharge waiver: cardholders can avail fuel surcharge waiver worth 1% on transactions made on fuel worth a maximum of Rs.4,000 at all HPCL pumps. The cardholder will need to swipe the card on ICICI merchant services swiping machines.
Attractive VISA offers: Cardholders can avail amazing deals from VISA. They can unwind while enjoying lip-smacking cuisines through great deals from luxury hotels, restaurants, spas, lifestyle stores, among others.

Fees and Charges of ICICI Bank Instant Platinum Credit Card

ICICI Bank Instant Platinum Credit Card come with a set of fees and charges that the cardholder needs to pay in order to procure and maintain the card. Listed below is the list of the same:

Fees and Charges	Particulars (In Rs.)
Joining fee	Nil
Annual fee	Nil
Finance charges	2.49% per month (29.88% per annum)
Supplementary card fee	Nil
Cash advance fee	2.49% per month (29.88% per annum)
Dial-a-draft-transaction fee	3% of the value of the draft subject to a minimum fee of Rs.300
Cheque return fee	2% of the total amount due (or a minimum fee of Rs.450)
Auto-debit return fee	2% of the total amount due (or a minimum fee of Rs.450)
Fee on payment in cash at bank's branch	Rs.100 per payment
Outstation cheque processing fee	1% of the cheque's value, subject to a minimum of Rs.100
Request for duplicate statement (More than 3 months)	Rs.100
Card replacement fee	Rs.100
Cash or cheque pick-up fee	Rs.100 per pick-up
Fuel surcharge	1% of the transaction value of Rs.10, which is higher
Railway booking surcharge	1.80% of the transaction value for transactions done on the internet and 2.50% for the ones made over-the-counter
Request for charge slip	Rs.100 per slip
Late payment fine	Up to Rs.750
GST	The rate of GST for financial and banking services is 18% (applicable on all kinds of fees, surcharge, interest, and other charges)

How to Apply for ICICI Bank Instant Platinum Credit Card

Individuals can apply for this card in the following ways:

They can log on to www.icicibank.com and select this card from the list of credit cards on the website. Once, they select it, all that they will need to do is click on the "Apply" tab. Next, they will need to fill in details about themselves on the online application form. After duly filling up the form, they will need to submit it online. An executive will get in touch with them to take the procurement process further.
They can call the ICICI bank's credit card customer care at 1800-200-3344 and ask the executive to process your application.
Alternatively, applicants can walk into the nearest branch of ICICI and submit an application form in person.
Eligibility Criteria of ICICI Bank Instant Platinum Credit Card.
To procure the ICICI Bank Instant Platinum Credit Card, applicants will need to fulfil certain eligibility criteria that are listed below:
Applicants should have a fixed deposit account with ICICI Bank.
The minimum tenure of fixed deposit has to be 6 months.
The minimum amount of fixed deposit is Rs.20,000.

Documentation required for ICICI Bank Instant Platinum Credit Card

In order to get this card, the cardholder will need to submit proof of their fixed deposit account.

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FAQs on ICICI Bank Instant Platinum Credit Card

Is it compulsory to have a fixed deposit account in ICICI Bank only to get this card?
No, you can have a fixed deposit account in other banks as well.
What documents will I need to submit in order to get this card?
You will only have to submit a proof of your fixed deposit account.
Is there a renewal fee that I need to pay in order to maintain the card?
No, there are no joining, annual, or renewal fee that you would need to pay in order to maintain this card.
How long does it take to get this card?
This card is available over-the-counter. Hence, you would get it as soon as you submit your document.
Is there a salary criterion?
Since the bank offers this card against a fixed deposit account, there is no salary criterion.

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