Vyaya
Side-by-Side Comparison|Updated March 2026

ICICI Bank Platinum Identity Credit Card vs SBI Card MILES ELITE

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

ICICI Bank

ICICI Bank Platinum Identity Credit Card

7/10
Annual Fee₹750
Base Rewards0.25%
NetworkVisa
View Full Details

SBI Card

SBI Card MILES ELITE

8.2/10
Annual Fee₹4,999
Base Rewards1%
NetworkMastercard
View Full Details

Feature-by-Feature Comparison

FeatureICICI Bank Platinum Identity Credit CardSBI Card MILES ELITE
Annual Fee₹750₹4,999
Joining Fee₹2,000₹4,999
Fee Waiver Spend₹2,00,000₹15,00,000
Base Reward Rate0.25%1%
Reward CurrencyHand-picked RewardsTravel Credits
NetworkVisaMastercard
Editor Rating7/108.2/10
Forex Markup3.5%3.5%

Pros & Cons

ICICI Bank Platinum Identity Credit Card

Pros

  • Accelerated rewards of 8 points per ₹200 on annual spends exceeding ₹5 Lakhs.
  • Double rewards on international spends (4 points per ₹200) compared to domestic.
  • Complimentary 24/7 i-Assist concierge services for travel and lifestyle assistance.
  • 1% fuel surcharge waiver at all HPCL pumps for transactions up to ₹4,000.

Cons

  • Low base reward rate of 0.25% (2 points per ₹200) for domestic spends.
  • Domestic lounge access is restricted by a high quarterly spend requirement of ₹75,000.
  • Priority Pass membership is complimentary but individual visits are chargeable at $35+.

SBI Card MILES ELITE

Pros

  • High 3% reward rate on travel spends (6 Travel Credits per ₹200).
  • 1:1 conversion ratio for Travel Credits to Air Miles and Hotel Points with major partners.
  • Unique spend-linked domestic lounge access (1 extra visit per ₹1 Lakh spend).
  • Low foreign currency markup of 1.99%, ideal for international travelers.

Cons

  • High annual fee of ₹4,999 with a steep waiver threshold of ₹15 Lakhs.
  • Lounge access is capped per quarter (2 visits), which may be restrictive for frequent flyers.
  • Air Accident insurance coverage was discontinued as of July 2025.

Our Verdict

SBI Card MILES ELITE edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank Platinum Identity Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose ICICI Bank Platinum Identity Credit Card if

Best for those who spend over ₹5 Lakhs annually to unlock the 1% reward rate tier.

Choose SBI Card MILES ELITE if

High reward rates on flights and hotels with 1:1 mile conversion across multiple airlines.

Frequently Asked Questions

Which is better: ICICI Bank Platinum Identity Credit Card or SBI Card MILES ELITE?
SBI Card MILES ELITE edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank Platinum Identity Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between ICICI Bank Platinum Identity Credit Card and SBI Card MILES ELITE?
ICICI Bank Platinum Identity Credit Card has an annual fee of ₹750, while SBI Card MILES ELITE has an annual fee of ₹4,999. ICICI Bank Platinum Identity Credit Card offers a fee waiver on ₹2,00,000 annual spend. SBI Card MILES ELITE offers a fee waiver on ₹15,00,000 annual spend.
Which card has better rewards: ICICI Bank Platinum Identity Credit Card or SBI Card MILES ELITE?
ICICI Bank Platinum Identity Credit Card offers a base reward rate of 0.25%. SBI Card MILES ELITE offers 1% base rewards. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Platinum Identity Credit Card and SBI Card MILES ELITE?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Platinum Identity Credit Card and SBI Card MILES ELITE can complement each other if they cover different reward categories.
Which card is better for beginners: ICICI Bank Platinum Identity Credit Card or SBI Card MILES ELITE?
For beginners, ICICI Bank Platinum Identity Credit Card may be more approachable with a lower annual fee of ₹750. However, evaluate based on your expected spending pattern rather than fee alone.

Related Comparisons

ICICI Bank Platinum Identity Credit Card vs SBI Card PRIMESBI Card MILES ELITE vs SBI Card PRIME

Explore More

ICICI Bank Platinum Identity Credit Card Full ReviewSBI Card MILES ELITE Full ReviewAll ICICI Bank CardsAll SBI Card CardsBrowse All Credit CardsCredit Card Guides & Tips