VVyaya

ICICI Sapphiro Credit Card: Fees, Rewards & Benefits

Utilities card with lounge access

Vyaya Team · Aug 2026
5 min read
Apply Now

We may earn a commission if you apply through this link. It never affects our ratings.

Value Score
8.0 / 10
Annual Fee
₹3,500
Best For
Premium Frequent Flyer, High Milestone Spender
Network
Visa
Expert Verdict

The ICICI Sapphiro is a strong premium travel card with 16 domestic plus 2 international lounge visits, generous golf, milestone points up to 20,000 a year and a Rs 3 crore air cover. Its low Rs 0.25 point value and 3.5% forex markup mean the value comes mostly from lounges and lifestyle perks rather than raw points.

ICICI BANKVisa
Sapphiro
Tap to see back →
REWARD SUMMARY
0.5% Base Rewards
Utilities card with lounge access
← Tap to flip back

The Bottom Line

The Sapphiro is built for premium frequent flyer and high milestone spender. With a ₹3,500 annual fee that is waived on ₹6,00,000 yearly spend, it offers 1% rewards on international and a welcome benefit worth ₹13,000. It makes the most sense if your spending matches premium frequent flyer and high milestone spender.

It earns a base reward rate of 0.5% and stacks best when your spending lines up with Premium Frequent Flyer, High Milestone Spender. The renewal fee gets easier to justify once you can hit ₹6,00,000 in yearly spend.

What we like
+Excellent lounge access for the tier: 16 domestic and 2 international airport lounge visits per year via Priority Pass / DreamFolks
+Double points abroad at 4 reward points per Rs 100 (2x the base) on international spends
+Milestone rewards of 4,000 points at Rs 4 lakh spend plus 2,000 per additional Rs 1 lakh, up to 20,000 points a year
+Annual fee of Rs 3,500 waived on spends of Rs 6,00,000, plus a Rs 3 crore international air accident cover
+Up to 4 complimentary golf rounds a month, buy-one-get-one BookMyShow tickets and 24/7 concierge
What we don't
Reward points are worth only Rs 0.25, so the 2-point base is about 0.5% effective value
Utility and insurance spends earn a reduced 1 point per Rs 100, and fuel earns nothing
High 3.5% foreign currency markup despite the 2x international earn
Rs 6,500 joining fee and Rs 9.6 lakh minimum income requirement

Who Should Get This Card

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

Best fit for

Ideal
+
Premium Frequent Flyer

Travellers who value 16 domestic and 2 international lounge visits, golf and concierge, and can spend Rs 6 lakh to waive the Rs 3,500 fee

+
High Milestone Spender

Big spenders who can earn up to 20,000 milestone points a year on top of base earning

Probably not for

Skip
Bill-Heavy Spender

Those paying mostly utilities or insurance, which earn only 1 point per Rs 100

Value Optimiser

Reward-focused users, since the Rs 0.25 point value keeps the effective base return near 0.5%

Is It Worth It For You?

Slide to your typical monthly card spend. We'll do the rest.

Calculate Your Value

Adjust your typical monthly spend by category.

Dining
05,000Max ₹50k
Est. Returns
Travel
010,000Max ₹1L
Est. Returns
Online & Shopping
08,000Max ₹80k
Est. Returns
Groceries
06,000Max ₹40k
Est. Returns
Annual rewards0
Welcome bonus (Year 1)+₹13,000
Annual fee-₹3,500
Net Value (Year 1)+9,500
Net Value (Year 2+)-3,500
Progress to fee waiver0%

Spend ₹6,00,000 more to waive annual fee

Sign in for personalized estimates based on your actual spending

Reward Rates

Sapphiro offers 0.5% basic reward rate.

Quick Calculator

Estimate earnings for a specific purchase

International
1%
Utility
0.25%
Insurance
0.25%
iShop (Travel)
3%
iShop (Hotel)
6%
iShop (Shopping)
3%

Welcome Offer

Welcome Benefit

Welcome vouchers worth over Rs.13,000 within 45 days of joining-fee payment: Tata CLiQ Rs.3,000, EaseMyTrip Rs.4,000 (4 x Rs.1,000), Da Milano Rs.5,000, Croma Rs.1,500 (3 x Rs.500), plus a 3-month EazyDiner Prime membership (~Rs.1,095) and, per some sources, a complimentary 12-month Zomato Pro membership. No minimum spend is stated to unlock the welcome vouchers themselves (only card issuance + fee payment).

Value: ₹13,000

Milestone Benefits

Spend ₹4,00,000

4,000 bonus Reward Points on annual spends of Rs.4,00,000.

Spend ₹5,00,000

Additional 2,000 Reward Points for every incremental Rs.1,00,000 spent beyond Rs.4,00,000, up to a maximum of 20,000 Reward Points in an anniversary year.

Spend ₹6,00,000

Annual/renewal fee (Rs.3,500 + GST) is waived on spends of Rs.6,00,000 or more in the preceding year.

Fees & Charges

Joining fee₹6,500
Annual fee₹3,500
Fee waiverSpend > ₹6,00,000

Eligibility

  • Min Income: ₹9 Lakhs
  • Min Credit Score: 750
  • Age 21-65; min monthly income Rs 75,000 salaried (₹9L p.a.) or Rs 9L p.a. self-employed; available on Visa Signature/Mastercard; annual fee waived on Rs 6L+ spend.

Exclusions & Terms

Forex markup

  • Foreign currency markup

Cash Advances

  • Cash withdrawals do not earn reward points and attract a separate cash-advance finance charge (~3.75%/month).

EMI Conversion

  • Spends converted to EMI at point of sale or post-purchase are generally excluded from reward point earning, per standard ICICI Bank card terms.

Frequently Asked Questions

3 data-backed answers from our card database

What is the annual fee of the ICICI Sapphiro?+

The ICICI Sapphiro has an annual fee of ₹3,500, waived on annual spends of ₹600,000.

What rewards does the ICICI Sapphiro offer?+

It earns ICICI Bank Reward Points, with accelerated earning on Utilities.

Does the ICICI Sapphiro offer airport lounge access?+

Yes, it includes complimentary airport lounge access. See the benefits section for visit limits.

Ready to apply?

₹3,500 annual fee. Apply on the ICICI Bank website.

Apply on ICICI Bank

We may earn a commission if you apply through this link. It never affects our ratings.

Already have this card?See the best way to redeem Sapphiro points — channel by channel, valued in ₹.

Explore more on Vyaya