ICICI

Sapphiro Mastercard Credit Card

Good for lounge, movie and lifestyle benefits if you can meet the spend requirements.

Should you get this?

Conditional fit

Some details need issuer confirmation

Why this card

  • Up to 4 pts / ₹100 on international spend
  • 2 per quarter domestic + 2 per year international.
Issuer evidence · 3 sources →

Trade-off

The annual fee (₹3,500) is waived only when eligible annual spend exceeds ₹6,00,000.

Card fees ₹6,500 to join From year 2 · ₹3,500 / year
Rewards 2 pts / ₹100
Lounge access 2 domestic (2 per quarter) + 2 intl (2 per year)
Forex markup 3.5% high
Compare with AU Small Finance Bank Zenith+ →

Similar lounge profile

What it costs to get, and to keep

Joining vs renewal

First year

₹6,500joining fee

From year 2

₹3,500renewal fee

Waived above ₹6,00,000 eligible annual spend

Welcome offer

Issuer lists benefits worth over ₹13,000

Tata CLiQ · EaseMyTrip · Da Milano · Croma · EazyDiner Prime

Qualification and fulfilment conditions apply

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
Domestic spend2 pts / ₹100Credited as reward points—
International spend4 pts / ₹100Credited as reward points—
Insurance1 pt / ₹100Credited as reward pointsEligible spend capped at ₹80,000 per statement cycle
Utilities1 pt / ₹100Credited as reward pointsEligible spend capped at ₹80,000 per statement cycle

Redemption value

What a Reward Point is worth

  1. Catalogue₹0.25 / pt

    ₹99 redemption fee

How to avoid the annual fee

Spend threshold for waiver
Above ₹6L annual eligible spend required for the waiver

Above ₹6L eligible annual spend waives the fee

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

2 points per ₹100 on eligible spend

Verified value

₹0.25 per point

Catalogue

Caps

  • InsuranceEligible spend capped at ₹80,000 per statement cycle
  • UtilitiesEligible spend capped at ₹80,000 per statement cycle
View full earning rules →

Realisation

Credited as reward points

Reported reward terms

Evidence · not used in rates or comparisons

Reported category terms

Utilities
1 point per ₹100Domestic & international

Reported by secondary sources · verify with issuer1 other source

Evidence only · excluded from decisions

Costs & fees

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Annual fee waiver₹6,00,000yearAnnual fee waiver
Domestic lounge spend gate₹75,000quarterLounge eligibility
Milestone spend₹4,00,000yearMilestone benefit

Watch outs

Before choosing this card
  • Forex markup is 3.5%, so frequent international spends may be costly.
  • Fee waiver requires spend above ₹6,00,000 annually.

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Based on the standard earn rate (2 pts / ₹100). Up to ~1,000 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
  • Worth ~₹250 at the conservative redemption floor
  • Just below the annual-fee waiver pace — eligible annual spend must exceed ₹6,00,000.
  • Forex cost ~₹1,750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
2 per quarter — via ICICI Bank lounge programme · verified 31 Jul 2026 Condition: ₹75,000 spend in the previous calendar quarter (unlocks the following quarter) · 2 domestic visits per quarter on the Mastercard variant. Dual-card customers may have a separate Amex entitlement.

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • ICICI official page
  • CardInsider
  • Operator-verified anchor
International (cardholder)
2 per year Requires Priority Pass card · Primary cardholder; 2 visits/calendar year. No domestic lounge spend gate. Applicants from 15 Nov 2024 onward receive Priority Pass; earlier cohorts used DreamFolks.

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • ICICI official page
  • CardInsider
  • Operator-verified anchor
Guest access
Guests: paid access
ICICI Sapphiro official , opens external site

Lounge network

Rewards

Base earn
2 points per ₹100 · verified 18 Jun 2026 value depends on redemption
Effective return (honest floor)
~0.5% base (conservative redemption) Conservative redemption floor; best documented path is not ranked on.
Headline point value
₹0.25 per Reward Point (Catalogue) Issuer headline channel — full channel grid in Redemption value.
Point validity
Points expire 3 years after earning

Insurance Cover

Air accident cover
₹3 crore · verified 6 Jul 2026 Requires at least one card use during the preceding 60 days
Lost card liability cover
₹50,000 · verified 6 Jul 2026
Underwriter
Insured by ICICI Lombard General Insurance Company Limited · verified 7 Jul 2026
Fees & charges

Fees

Monthly interest rate
3.75% / month
Annual fee
₹3,500
Joining fee
₹6,500 · verified 3 Sept 2026
Fee waiver spend
Above ₹6,00,000 · verified 31 Jul 2026 Annual fee waived on eligible anniversary-year spend above ₹6,00,000.
Interest-free period
Up to 48 days · verified 7 Jul 2026

International Use

Forex markup
3.5%

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Product tier
Premium

Travel & perks

Spend milestones

Progression rewards

Unlock up to 20,000 reward points through spend milestones

  1. ₹4L

    4,000 reward points

  2. ₹12L

    20,000 reward points maximum

Fuel Benefits

At the pump
  • 1% fuel surcharge waived.
  • Fuel transactions do not earn reward points.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
SIDE BY SIDE
ICICI Bank Sapphiro Mastercard
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AU Small Finance Bank Zenith+
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ICICI Bank Sapphiro Mastercard
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Axis Bank SELECT
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ICICI Bank Sapphiro Mastercard
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RBL Bank World Safari
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ICICI Bank Sapphiro Mastercard
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HSBC India TravelOne

The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

  • Insurance cap: Eligible spend capped at ₹80,000 per statement cycle.
  • Utilities cap: Eligible spend capped at ₹80,000 per statement cycle.
  • After the Insurance cap is reached, further spending in that lane earns no rewards.
  • After the Utilities cap is reached, further spending in that lane earns no rewards.
Exclusions: 8

These spends do not earn reward points.

Payments

  • Rent
  • Government payments
  • Tax payments

Financial

  • Fuel
  • EMI
  • Insurance premiums

Utilities

  • Utilities

Other

  • Third Party Wallets MCC 6540 — no reward points

Redemption & expiry

  • Voucher redemption: ₹99 redemption fee per redemption

Latest update

  • Annual fee: ₹3,500.
  • Forex markup currently listed at 3.5%.
  • 2 per quarter domestic lounge · 2 per year international.

Common questions

From verified card facts

Is this good for lounge access?

2 per quarter domestic + 2 per year international. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 3.5%, so frequent international spends may be costly.

Is the annual fee easy to recover?

Fee waiver applies above ₹6,00,000 annual spend. Verify eligible spend exclusions before counting on it.

When do welcome benefits arrive?

Issuer lists a welcome benefit over ₹13,000. Included items: Tata CLiQ, EaseMyTrip, Da Milano, Croma, EazyDiner Prime — 3-month Prime membership. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.

Learn

Learn more

Guides matched to this card — not a random syllabus.

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Last refreshed 4 Sept 2026 moneymatters.cards Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

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