ICICI Sapphiro Credit Card Launched in 2012, the ICICI Sapphiro Credit Card was the third Credit Card to be launched in the ICICI Gemstone collection. With ICICI Sapphiro Credit Card, you get 2 cards linked to the same account: Sapphiro Amex and Sapphiro MasterCard with a combined limit and hence, you get to enjoy the benefits of both MasterCard and Amex.
Marketed as a Premium Card with high annual fees, the reward points which we get on this card are not that great, but there are other unique benefits which are not offered with most of the Credit Cards out there.
ICICI Bank Sapphiro Credit Card is one of the popular credit cards produced by ICICI Bank. It is the premium credit card, earlier the bank has launched the Visa Signature card variant of this premium credit card with an annual fee of Rs 6000. But now the ICICI Bank has produced 2 variants of this credit card, the Sapphiro Mastercard and American Express with an annual fee of Rs 6,500.
ICICI Sapphiro Credit Card Review 2021
Rs 6,500 + GST (18%)
You get welcome vouchers from various merchants worth Rs 9,000+ within 45 days of payment of the joining fee.
ICICI Sapphiro Credit Card Annual Fee
Rs 3,500 + GST (18%)
Fee waiver: The annual fee is waived off on spending more than Rs 6L in the previous year.
Eligibility for ICICI Sapphiro Credit Card
No specific criteria is mentioned for the Card on the ICICI website.
Benefits of ICICI Sapphiro Credit Card
On the payment of joining fees, you get the following vouchers:
- On reaching annual spends of Rs 4L, you get 4,000 payback points worth Rs 1,000.
- On every incremental 1L spend, you get 2,000 payback points worth Rs 500.
The maximum milestone payback points we can earn per year has an upper limit of 20k.
Airport Lounge Access
4 free Domestic Airport Lounge access (2 each for MasterCard and Amex variants) per quarter to selected Airport lounges in India. To avail the complementary airport lounge access, you need to spend a minimum of Rs 5,000 in the previous quarter (spends counted on each card variant separately).
2 complementary international airport lounge access per year to more than 450 airports in the world through the Dreamfolks membership you get with this Credit Card for free.
Buy 1 ticket from BookMyShow and get Rs 500 off on the second ticket, twice every month.
- The annual fee of Rs 3,500 is too high when we see the return rate we get on this card.
- The Payback rewards system is not so good in terms of transparency of the points earned per transaction, the redemption options and the redemption charges.
Should you get Sapphiro Credit Card?
If you are only looking for monetary rewards, then the ICICI Saffiro Credit Card is not for you. By spending Rs 6 lakh on the Amex variant, you get an annual fee waiver and 26,000 payback points (18,000 regular points and 8,000 points) equivalent to Rs 6500, which translates to a ~1.08% return.
Too little for a “premium card”, huh!! However, if you look at the other benefits, you can get a fair value back from this card. Very few credit cards in India offer supplementary international airport lounge access (2 yearly) and on top of that, supplementary spa access at airports (again, 2 yearly) is another great benefit that we get from this card. But in any case, it doesn’t justify the high fees you pay for this card IMO.
ICICI Sapphiro Credit Card Review 2021
The ICICI Bank Sapphiro Credit Card is a good option for those who can utilize all the benefits that are provided by the card, if not then it could be a burden. The card offers many benefits, apart from that there are some limitations like the high annual fee, higher milestone limit to enjoy the rewards and benefits. And in case of entertainment, it will be a beneficiary card if you spend frequent on movies. But in the market, there are many other alternative credit cards available with benefits at lower annual fee comparatively than the Sapphiro Credit Card. So, analyze and review yourself and decide which card is your type and choose it for your wallet.