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Side-by-Side Comparison|Updated March 2026

Reliance SBI 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.

SBI Card

Reliance SBI Card

7.2/10
Annual Fee₹499
Base Rewards0.25%
NetworkRuPay
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ICICI Bank

ICICI Bank Platinum Chip Credit Card

6.5/10
Annual FeeFree
Base Rewards0.125%
NetworkVisa
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Feature-by-Feature Comparison

FeatureReliance SBI CardICICI Bank Platinum Chip Credit Card
Annual Fee₹499Free
Joining Fee₹499Free
Fee Waiver Spend₹1,00,000N/A
Base Reward Rate0.25%0.125%
Reward CurrencyReward PointsICICI Bank Reward Points
NetworkRuPayVisa
Editor Rating7.2/106.5/10
Forex Markup3.5%3.5%

Pros & Cons

Reliance SBI Card

Pros

  • Accelerated 10 Reward Points per ₹100 spent on Ajio and JioMart (2.5% value back).
  • 5 Reward Points per ₹100 spent at participating Reliance Retail stores like Trends and Smart Bazaar.
  • Welcome benefit of ₹500 Reliance Retail voucher effectively offsets the joining fee.
  • Low annual fee waiver threshold of ₹1 Lakh annual spend.

Cons

  • No complimentary airport lounge access in the base variant.
  • Reward redemption fee of ₹99 + GST applies to every redemption request.
  • Base reward rate of 0.25% on non-Reliance spends is very low.

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 Reliance SBI 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 Reliance SBI Card if

High value back on grocery (JioMart), fashion (Ajio, Trends), and electronics (Reliance Digital).

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: Reliance SBI Card or ICICI Bank Platinum Chip Credit Card?
Both Reliance SBI 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 Reliance SBI Card and ICICI Bank Platinum Chip Credit Card?
Reliance SBI Card has an annual fee of ₹499, while ICICI Bank Platinum Chip Credit Card has no annual fee. Reliance SBI Card offers a fee waiver on ₹1,00,000 annual spend.
Which card has better rewards: Reliance SBI Card or ICICI Bank Platinum Chip Credit Card?
Reliance SBI Card offers a base reward rate of 0.25%. ICICI Bank Platinum Chip Credit Card offers 0.125% base rewards. The better choice depends on your primary spending categories.
Can I have both Reliance SBI Card and ICICI Bank Platinum Chip Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Reliance SBI Card and ICICI Bank Platinum Chip Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Reliance SBI Card or ICICI Bank Platinum Chip Credit Card?
For beginners, ICICI Bank Platinum Chip 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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