ICICI Bank Instant Platinum Credit Card Review: Fees, Rewards & FD ...

Get the ICICI Bank Instant Platinum Credit Card against FD with zero joining fees. Learn about rewards, 2.49% interest rate, and BookMyShow offers.

Vyaya Team · Mar 2026

5 min read

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Value Score

6.5 / 10

Annual Fee

₹0

Best For

credit-builder, low-risk-spender

Network

Visa

Expert Verdict

REWARD SUMMARY

0.125% Base Rewards
A credit card that's as good as cash, and even better.

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The Bottom Line

The ICICI Bank Instant Platinum Credit Card is one of the most accessible entry-level secured cards in India. It is perfect for building a credit profile from scratch without the hassle of income documentation, provided you have the liquidity for a Fixed Deposit. With no annual fee, it offers 25% discount up to ₹100 on purchase of minimum 2 m and 0.125% base rewards. For anyone researching icici bank instant platinum credit card, the verdict is simple: recommended.

It earns a base reward rate of 0.125% and stacks best when your spending lines up with credit-builder, low-risk-spender.

What we like

+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.

What we don't

–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.

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal

credit-builder

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

Best value above ₹5,000/month

low-risk-spender

Suitable for those who want a backup card with lower interest rates and no annual maintenance costs.

Probably not for

Skip

–

frequent-traveler

Lacks travel benefits like lounge access, air miles, or low forex markup.

Is It Worth It For You?

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Calculate Your Value

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Reward Rates

ICICI Bank Instant Platinum Credit Card offers 0.125% basic reward rate.

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Where

Amount

₹

Flat 0.125% on all spends

Fees & Charges

Joining fee₹0

Annual fee₹0

Fee waiverN/A

Eligibility

Issued against a Fixed Deposit (FD) with ICICI Bank. Minimum FD amount required is typically ₹50,000 (some sources mention ₹20,000) with a minimum tenure of 180 days. No income proof or credit history required.

Exclusions & Terms

Fuel

Eligible for surcharge waiver instead of reward points.

Cash Withdrawal

Standard exclusion for cash transactions.

Frequently Asked Questions

3 data-backed answers from our card database

What is the minimum FD amount for ICICI Instant Platinum Credit Card?+

The minimum Fixed Deposit amount required is ₹50,000 for a minimum tenure of 180 days. The credit limit is typically 85-90% of the FD amount.

Is there any annual fee for this card?+

No, the ICICI Bank Instant Platinum Credit Card is a Lifetime Free (LTF) card with no joining or annual renewal fees.

Does this card offer lounge access?+

No, this card does not provide any complimentary domestic or international airport lounge access.

Ready to apply?

₹0 fee. Excellent rewards. Apply now securely.

Apply on ICICI Bank →

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