ICICI BankSapphiro (MC + Amex)
Mastercard + Amex
ICICI Bank · Mastercard + Amex
Sapphiro (MC + Amex)
Joining ₹6,500 · Annual ₹3,500 · Waived on ₹6 lakh+ spend in the card year (rent, government and education spends don't count)
Fee break-even: ≈₹7,00,000/yr through this card at its base rate. Below that, the fee eats the rewards.
Earns Reward Points · assumed 0.25 ₹/point. 1 RP = ₹0.25 via vouchers (Amazon/Flipkart/Tata CLiQ) or statement credit. ₹99 + GST redemption fee. No transfer partners exist
Verified 7 Aug 2026Forex markup3.5%
ConciergeNone
GolfGolf: 1 complimentary round/lesson per ₹50,000 retail spend in the previous month, up to 4/month
EMI2.99% capped at ₹299 plus GST at a merchant, up to 2% converting a billed balance processing fee · 2.99% of the purchase capped at ₹299 plus GST, so anything above roughly ₹10,000 costs the full ₹299. On No Extra Cost EMI at selected brands the merchant absorbs the interest but this fee still stands. Fuel, gold, jewellery, gambling and cash cannot be converted.
Fuel surcharge1% on transactions up to ₹4,000, max ₹250 per billing cycle
Domestic lounge16 a year. 4 visits/quarter across the two plastics (2 per network), unlocked by ₹75,000 spend in the previous calendar quarter
International lounge2 a year. 2 visits/year via DreamFolks. Priority Pass membership included (visits beyond quota chargeable for post-Nov-2024 applicants)
Milestones
- ◆ Spend ₹4,00,000 per year → 4,000 Reward Points (≈₹1,000) at ₹4L annual spend Worth ₹1,000
- ◆ Spend ₹5,00,000 per year → 2,000 RP per additional ₹1L beyond ₹4L, capped at 20,000 milestone points/year Worth ₹500
Return by category
| Category | Return | Notes |
|---|---|---|
| Online spend | 0.5% | Base rate |
| Amazon | 0.5% | Base rate |
| Flipkart | 0.5% | Base rate |
| Subscriptions & OTT | 0.5% | Base rate |
| Offline spend | 0.5% | Base rate |
| UPI spending | 0% | Visa, Mastercard and Amex credit cards can't be linked to UPI. RuPay is the only network NPCI allows for credit-on-UPI. |
| Dining | 0.5% | Base rate |
| Swiggy | 0.5% | Base rate |
| Zomato | 0.5% | Base rate |
| Groceries | 0.5% | Grocery earning capped at ₹40,000 spend/month (Nov 2024) · Base rate with monthly earning cap |
| Quick commerce | 0.5% | Uses its groceries rate |
| Swiggy Instamart | 0.5% | Base rate |
| Blinkit | 0.5% | Base rate |
| BigBasket | 0.5% | Uses its groceries rate |
| Movies & shows | 0.5% | Base rate |
| BookMyShow | 0.5% | Base rate |
| PVR INOX | 0.5% | Base rate |
| Fuel | 0% | No reward points on fuel. 1% fee on fuel spends above ₹10,000/month |
| Travel (general) | 0.5% | Base rate |
| Flights | 0.5% | Base rate |
| Hotels | 0.5% | Base rate |
| MakeMyTrip | 0.5% | Base rate |
| IRCTC rail | 0.5% | Base rate |
| International | −2.5% | 1% reward − 3.5% forex markup |
| Utilities & bills | 0.25% | Utility + insurance earning capped around ₹80,000/cycle. 1% fee on utility spends above ₹50,000/month · 1 RP per ₹100 on utilities and insurance |
| Rent | 0% | No reward points on rent |
| Education fees | 0.5% | Base rate |
| Insurance premiums | 0.5% | Base rate |
| Government & tax | 0% | No reward points on government/tax payments |
| Wallet loads | 0% | Wallet loads earn nothing. 1% fee on loads of ₹5,000+ |
| Anything else | 0.5% | Base rate |
| Jewellery | 0.5% | Base rate |
Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.
Also worth knowing
- Dual-card setup: one credit account and limit, two plastics (Mastercard + Amex). Amex variant no longer issued new. Existing holders keep it and its Amex merchant offers
- BookMyShow buy-1-get-1: up to ₹500 off the 2nd ticket, twice a month. Needs ₹25,000 previous-quarter spend
- Welcome vouchers ₹13,000+ (Tata CLiQ, EaseMyTrip, Da Milano, Croma, Uber, EazyDiner Prime)
- ₹3 crore air accident insurance
- ₹99 + GST reward redemption fee
Sources
Every figure above comes from the issuer's own pages and documents. Last verified 7 Aug 2026.