Vyaya
Side-by-Side Comparison|Updated March 2026

ICICI Bank Instant Platinum Credit Card vs ICICI Bank Platinum Chip 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
View Full Details

ICICI Bank

ICICI Bank Platinum Chip Credit Card

6.5/10
Annual FeeFree
Base Rewards0.125%
NetworkVisa
View Full Details

Feature-by-Feature Comparison

FeatureICICI Bank Instant Platinum Credit CardICICI Bank Platinum Chip Credit Card
Annual FeeFreeFree
Joining FeeFreeFree
Fee Waiver SpendN/AN/A
Base Reward Rate0.125%0.125%
Reward CurrencyICICI Bank RewardsICICI Bank Reward Points
NetworkVisaVisa
Editor Rating6.5/106.5/10
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.

ICICI Bank Platinum Chip Credit Card

Pros

  • Lifetime free card with no joining or annual fees ever
  • Earn 2 reward points for every ₹100 spent on retail purchases
  • 1% fuel surcharge waiver at HPCL pumps for transactions up to ₹4,000
  • Minimum 15% savings on dining bills at 2,500+ partner restaurants via Culinary Treats

Cons

  • No complimentary airport lounge access
  • Low reward rate of 0.5% on general retail spends
  • Reward points on utilities and insurance are capped at 1 point per ₹100

Our Verdict

Both ICICI Bank Instant Platinum Credit Card and ICICI Bank Platinum Chip 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 ICICI Bank Platinum Chip Credit Card if

Ideal for beginners looking to build a credit history without the burden of annual fees.

Frequently Asked Questions

Which is better: ICICI Bank Instant Platinum Credit Card or ICICI Bank Platinum Chip Credit Card?
Both ICICI Bank Instant Platinum Credit Card and ICICI Bank Platinum Chip 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 ICICI Bank Platinum Chip Credit Card?
ICICI Bank Instant Platinum Credit Card has no annual fee, while ICICI Bank Platinum Chip Credit Card has no annual fee.
Which card has better rewards: ICICI Bank Instant Platinum Credit Card or ICICI Bank Platinum Chip Credit Card?
ICICI Bank Instant Platinum Credit Card offers a base reward rate of 0.125%. ICICI Bank Platinum Chip Credit Card offers 0.125% base rewards. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Instant Platinum Credit Card and ICICI Bank Platinum Chip Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Instant Platinum Credit Card and ICICI Bank Platinum Chip 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 ICICI Bank Platinum Chip 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.

Related Comparisons

ICICI Bank Instant Platinum Credit Card vs Amazon Pay ICICI Bank Credit CardICICI Bank Platinum Chip Credit Card vs Amazon Pay ICICI Bank Credit CardICICI Bank Instant Platinum Credit Card vs Axis Bank ACE Credit CardICICI Bank Platinum Chip Credit Card vs Axis Bank ACE Credit Card

Explore More

ICICI Bank Instant Platinum Credit Card Full ReviewICICI Bank Platinum Chip Credit Card Full ReviewAll ICICI Bank CardsBrowse All Credit CardsCredit Card Guides & Tips