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Side-by-Side Comparison|Updated March 2026

ICICI Bank Instant Platinum Credit Card vs Axis Bank My Zone Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

ICICI Bank

ICICI Bank Instant Platinum Credit Card

6.5/10
Annual FeeFree
Base Rewards0.125%
NetworkVisa
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Axis Bank

Axis Bank My Zone Credit Card

7.2/10
Annual Fee₹500
Base Rewards0.2%
NetworkVisa
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Feature-by-Feature Comparison

FeatureICICI Bank Instant Platinum Credit CardAxis Bank My Zone Credit Card
Annual FeeFree₹500
Joining FeeFree₹500
Fee Waiver SpendN/AN/A
Base Reward Rate0.125%0.2%
Reward CurrencyICICI Bank RewardsEDGE Reward Points
NetworkVisaVisa
Editor Rating6.5/107.2/10
Forex Markup3.5%3.5%

Pros & Cons

ICICI Bank Instant Platinum Credit Card

Pros

  • Lifetime Free card with no joining or annual fees.
  • No income proof or credit score required as it is a secured card against FD.
  • Lower interest rate of 2.49% per month compared to standard credit cards.
  • Instant issuance over-the-counter or via iMobile app for FD holders.

Cons

  • Requires a minimum Fixed Deposit of ₹50,000 which stays locked.
  • No complimentary domestic or international airport lounge access.
  • Very basic reward rate of 0.5% on most spends.

Axis Bank My Zone Credit Card

Pros

  • Complimentary SonyLIV Premium annual subscription worth ₹999 on first spend.
  • Buy One Get One (BOGO) offer on movie tickets via District app, up to ₹200/month.
  • Flat ₹120 discount on Swiggy orders twice a month on minimum spend of ₹500.
  • Up to ₹1,000 off on Ajio for select styles on minimum spend of ₹2,999.

Cons

  • Low base reward rate of 0.4% (4 points per ₹200).
  • Domestic lounge access requires a high spend of ₹50,000 in the previous quarter.
  • Many exclusions for reward points including fuel, utilities, and rent.

Our Verdict

Both ICICI Bank Instant Platinum Credit Card and Axis Bank My Zone Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.

Choose ICICI Bank Instant Platinum Credit Card if

Ideal for students or individuals with no credit history to build their CIBIL score safely.

Choose Axis Bank My Zone Credit Card if

Strong benefits for OTT subscriptions and movie ticket discounts.

Frequently Asked Questions

Which is better: ICICI Bank Instant Platinum Credit Card or Axis Bank My Zone Credit Card?
Both ICICI Bank Instant Platinum Credit Card and Axis Bank My Zone Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.
What is the annual fee difference between ICICI Bank Instant Platinum Credit Card and Axis Bank My Zone Credit Card?
ICICI Bank Instant Platinum Credit Card has no annual fee, while Axis Bank My Zone Credit Card has an annual fee of ₹500.
Which card has better rewards: ICICI Bank Instant Platinum Credit Card or Axis Bank My Zone Credit Card?
ICICI Bank Instant Platinum Credit Card offers a base reward rate of 0.125%. Axis Bank My Zone Credit Card offers 0.2% base rewards. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Instant Platinum Credit Card and Axis Bank My Zone Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Instant Platinum Credit Card and Axis Bank My Zone Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: ICICI Bank Instant Platinum Credit Card or Axis Bank My Zone Credit Card?
For beginners, ICICI Bank Instant Platinum Credit Card may be more approachable with no annual fee. However, evaluate based on your expected spending pattern rather than fee alone.

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