ICICI Bank Sapphiro Credit Card Review: A Premium Credit Card with Lucrative Perks

The ICICI Bank Sapphiro Credit Card is a premium lifestyle offering under ICICI’s Gemstone collection, targeted at affluent individuals seeking a range of benefits across travel, dining, wellness, and entertainment.

Check our ICICI Bank Sapphiro CC Unboxing and Review Video - Click Here

To Apply for ICICI Bank Credit Card - Click Here

Joining Fee:

• INR 6,500 / Nil

Annual Fee:

• INR 3,500 / Nil (Waived off on spending more than Rs. 6 lakh in the previous year)

Card Variants:

• Available in Visa, MasterCard, and American Express variants.

The ICICI Bank Sapphiro Credit Card offers the convenience of managing your expenses through a single account while enjoying the benefits of two powerful platforms.

Welcome Benefits

• Welcome Vouchers worth ₹9,000+ upon payment of the joining fee.
  The card charges an annual fee of ₹3,500, which might seem steep for some. However, you receive vouchers worth ₹9,000+ as a welcome gift, making the fee seem much more reasonable.

Vouchers Include:

• TataCliQ Voucher: ₹3,000
• EaseMyTrip Voucher: ₹4,000 (Four vouchers worth ₹1,000 each)
• Uber Voucher: ₹1,000 (Four vouchers worth ₹250 each)
• Croma Voucher: ₹1,500 (Three vouchers worth ₹500 each)

You can avail of these vouchers within 45 days of paying the joining fee. For more details, you can visit here and review the Terms & Conditions here.

Key Features & Benefits

1. Fly in Style:

   • 2 Complimentary International Airport Lounge Accesses per year.
   • 4 Complimentary Domestic Airport Lounge Accesses per quarter (Domestic lounges are now accessible after a spend of ₹75,000 in the previous quarter; this threshold was previously ₹5,000).
   • For Domestic Lounge List - Click Here

2. DreamFolks Membership:

   • Complimentary membership for the primary cardholder. This gives you access to over 450 luxurious airport lounges across 115 countries, regardless of airline or travel class.

3. Complimentary Golf Rounds:

   • Get one complimentary golf round or lesson for every ₹50,000 spent in the previous month, up to a maximum of 4 rounds per month.

4. Save on Movies & Events:

   • Enjoy a Buy-One-Get-One offer of up to ₹500 for two movie tickets twice every month using the VISA variant.
   • Holders of dual credit card variants (Visa + MasterCard or Amex) are entitled to 1 movie benefit per month for each variant.

5. Concierge Services:

   • Access premium services like restaurant reservations, gift assistance, flight bookings, car rentals, and more.

6. Fuel Surcharge Waiver:

   • Enjoy a 1% fuel surcharge waiver on fuel transactions of up to ₹4,000 at any fuel outlet.

Comprehensive Insurance Coverage:

• Air Accident Insurance: ₹3 crore
• Card Liability Cover: ₹50,000 (Protection against fraudulent transactions, skimming, phishing, and online fraud).
• Purchase Protection: ₹1,40,000
• Baggage Insurance: ₹25,000
• Loss of Checked-In Baggage: ₹84,000
• Flight Delay Compensation: ₹17,500
• Medical Expenses for Rail/Road Accident: ₹50,000
• Additional benefits like loss of passport, hijacking, and more.

All insurance benefits apply only if the card has been used at least once in the last 60 days. These benefits are applicable only on the primary card, and not on supplementary cards.

Reward Points (PAYBACK Points)

• Domestic Spends: 2 PAYBACK Points per ₹100
• International Spends: 4 PAYBACK Points per ₹100
• Utilities & Insurance: 1 PAYBACK Point per ₹100

Under the Milestone Rewards program, earn:

• 4,000 PAYBACK Points when you spend ₹4 lakh in an anniversary year.
• 2,000 PAYBACK Points each time you cross ₹1 lakh in an anniversary year (up to a maximum of 20,000 points annually).

Note: Rent, government, and education payments are excluded from the spend threshold for rewards and annual fee reversal.

DreamFolks Membership Program:

This is one of the most valuable perks of the ICICI Bank Sapphiro Credit Card. With complimentary DreamFolks membership, you get access to more than 450 airport lounges globally, regardless of your airline or class.

• 2 complimentary airport lounge visits outside India and 2 spa sessions at selected airports in India every year.
• USD 99 annual membership fee is waived for cardholders. Any lounge visits beyond the complimentary ones will incur charges.

Should You Get This Card?

Consider the ICICI Bank Sapphiro Credit Card if:

• You are a frequent domestic or international traveler.
• You frequently use services from brands like TataCliQ, EaseMyTrip, Uber, and Croma.
• You are comfortable paying an annual fee of ₹3,500 for premium benefits like lounge access, golf rounds, and concierge services.

Consider Other Options If:

• You prefer a card with a lower annual fee.
• You do not spend heavily on your credit card.
• You do not travel frequently or require airport lounge access.
• You are looking for more robust entertainment and dining benefits.

This card combines luxurious benefits, premium travel perks, and substantial rewards, making it a strong contender for those who travel often and enjoy premium services.