Verified value
₹0.25 per point
Catalogue
ICICI MASTERCARD
Sapphiro Mastercard
Should you get this?
Conditional fit
Why this card
- Up to 4 pts / ₹100 on international spend
- 4 per quarter domestic + 2 per year international.
- You can comfortably spend ₹6,00,000 a year on the card.
Trade-off
The annual fee (₹3,500) is waived only after ₹6,00,000 of eligible annual spend.
Annual fee ₹3,500 per year
Rewards 2 pts / ₹100
Lounge access 4 domestic (4 per quarter) + 2 intl (2 per year)
Forex markup 3.5% high
Compare with Axis Bank Horizon →
Similar lounge profile
Rewards
Earning rules
Detail · from the summary aboveScopeRateEligibilityLimit
Domestic spend2 pts / ₹100Does not earn on —
- emi
- fuel
- govt
- insurance
- rent
- tax
- utility
- wallet load
International spend4 pts / ₹100Does not earn on —
- emi
- fuel
- govt
- insurance
- rent
- tax
- utility
- wallet load
Insurance (domestic)1 pt / ₹100—5,000 points per month; at 1 pt / ₹100, this lane reaches the cap at ₹5,00,000 of eligible spend
Utility (domestic)1 pt / ₹100—1,000 points per month; at 1 pt / ₹100, this lane reaches the cap at ₹1,00,000 of eligible spend
Redemption value
What a Reward Point is worth
- Catalogue₹0.25 / pt
₹99 redemption fee
Annual fee break-even math
When does this card pay for itself ₹7L
Conservative yearly spend needed at the ₹0.25-per-point ranking floor.
Reward reality — the earning-rate detail behind the numbers above
Reward reality
Conclusion · what you actually getBase earn
2 points per ₹100 (~0.5% base (conservative redemption))
Best verified lane
International spend
4 pts / ₹100
View bonus categories →Caps
- Insurance (domestic)5,000 points per month
Why?
at 1 pt / ₹100, this lane reaches the cap at ₹5,00,000 of eligible spend
- Utility (domestic)1,000 points per month
Why?
at 1 pt / ₹100, this lane reaches the cap at ₹1,00,000 of eligible spend
No reward on
- Rent
- Government payments
- Tax payments
- Fuel
- +4 more
Costs & fees
Spending requirements
Spend gates · caps · milestone thresholdsRequirementAmountPeriodUnlocksRealismStrength
Annual fee waiver₹6,00,000yearAnnual fee waiverhighstrong
Lounge access spend gate₹75,000quarterLounge eligibilityreasonablestrong
Milestone spend₹4,00,000yearMilestone benefithighstrong
Watch outs
Before choosing this card- Forex markup is 3.5%, so frequent international spends may be costly.
- Fee waiver requires ₹6,00,000 annual spend.
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Based on the standard earn rate (2 pts / ₹100). ~1,000 pts/month. Category and partner bonuses aren't included in this estimate.
- Fee waiver achievable at this spend
- Forex cost ~₹1,750 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- 4 per quarter Condition: ₹75,000 spend in the calendar quarter
5 sources agree · verify issuer terms before applying
Where to verify
- PaisaBazaar
- ICICI official page
- CardInsider
- Issuer site (verified manually) , opens external site
- Operator-verified anchor
- International (cardholder)
- 2 per year — via · verified 12 Jun 2026 Requires Priority Pass card · Condition: ₹75,000 spend in the calendar quarter
5 sources agree · verify issuer terms before applying
Where to verify
- PaisaBazaar
- ICICI official page
- CardInsider
- Issuer site (verified manually) , opens external site
- Operator-verified anchor
- Guest access
- Guests: paid access
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.
Insurance Cover
- Air accident cover
- ₹3 crore · verified 6 Jul 2026
- 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
- Fee waiver spend
- ₹6,00,000 Above catalog median waiver (₹2,00,000 vs ₹6,00,000).
- Interest-free period
- Up to 48 days · verified 7 Jul 2026
International Use
- Forex markup
- 3.5%
2 sources agree · verify issuer terms before applying
Where to verify
- ICICI official page
- CardInsider
- Issuer site (verify current terms) , opens external site
- Product tier
- Premium
Travel & perks
Spend milestones
Progression rewardsUnlock up to 4,000 reward points through spend milestones
- ₹4L spend → 4,000 reward points
Fuel Benefits
At the pumpNo verified fuel benefit available.
Fine print & compare
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · earning · redemption · last refreshCaps & limits
- Monthly cap:5,000 reward points per month; at 1 reward points / ₹100, this lane reaches the cap at ₹5,00,000 of eligible spend.
- Monthly cap:1,000 reward points per month; at 1 reward points / ₹100, this lane reaches the cap at ₹1,00,000 of eligible spend.
- After a category cap is reached, further spends earn nothing in that category.
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
Latest update
- Annual fee: ₹3,500.
- Forex markup currently listed at 3.5%.
- 4 per quarter domestic lounge · 2 per year international.
Common questions
From verified card factsIs this good for lounge access?
4 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 at ₹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 more
Guides matched to this card — not a random syllabus.
- Priority Pass
Membership, visits and issuer rules - Forex markup bands
0% vs 3.5% — which cards publish what - How reward rate works
Pts / ₹100 without the marketing fog