RewardMatrix

The ICICI Bank Sapphiro Credit Card is a premium travel and shopping card offering a range of benefits. Welcome vouchers worth over ₹9,000 are provided upon joining for brands like Tata CLiQ, EaseMyTrip, Uber, and Croma. Cardholders can earn reward points on domestic and international spends, with accelerated earning on international purchases. The card also provides access to airport lounges and other travel perks. While the annual fee is present, it can be waived off by meeting a specific spending threshold. This card is suitable for those who frequently travel and shop, both domestically and internationally, and want to maximize their rewards and benefits. The welcome vouchers provide significant initial value, and the lounge access enhances the travel experience. The reward points can be redeemed for various options, adding to the card's overall utility. While the Sapphiro offers a decent rewards program and travel perks, its reward rate is considered lower compared to some competitors. The specific conditions tied to benefits like lounge access and annual fee waivers require careful consideration. Potential applicants should evaluate their spending habits and travel frequency to determine if the Sapphiro card aligns with their needs and financial goals.

Intro Offers

Shopping and travel vouchers worth ₹9,000+ (Tata CLiQ, EaseMyTrip, Uber, Croma).

Condition: Payment of joining fee and within 45 days of card activation.

₹750 cashback

Condition: American Express variant only; spend ₹20,000 within 60 days of card issuance.

Fees

Annual Fee

₹3.5K

Waived off after spending ₹6L

Joining Fee

₹6.5K

Forex Fee

3.5%

Eligibility

#1
Age
Between 21 and 65 years.
#2
Income
Stable source of income (minimum ₹80,000 per month for salaried, ₹83,333 for self-employed).
#3
Credit Score
Decent credit score (750 or above).

Reward Points

Total international spend in a month

4.00 PAYBACK Points for every ₹100 spent

Total domestic spend in a month

2.00 PAYBACK Points for every ₹100 spent

Total utility spend in a year

1.00 PAYBACK Points for every ₹100 spent

Examples:

Spending Rs. 10,000 domestically earns 200 reward points.
Spending Rs. 5,000 internationally earns 200 reward points.
Spending Rs. 20,000 on utilities earns 200 reward points.
Spending Rs. 1,00,000 on insurance earns 800 reward points (capped at 80,000).
Spending Rs. 4,00,000 in a year earns 4000 milestone reward points.

Exclusions:

Milestones

Milestone #1

4,000 PAYBACK Points

Spend ₹4 Lacs in an anniversary year

Milestone #2

2,000 PAYBACK Points

Spend every ₹1 Lac after milestone-1 in an anniversary year

Redemptions

No redemption options available for this card.

Rewards Calculator

ON MONTHLY SPEND

Reset

25KYour monthly expenditure

Total domestic spend in a month (₹)

2.00% rewards

Total international spend in a month (₹)

4.00% rewards

Total utility spend in a year (₹)

1.00% rewards

REWARD POINTS EARNED

0 PAYBACK Points earned per year

POINT REDEMPTION OPTIONS

0 Worth of gift vouchers

0 Worth of statement balance

Lounge Access

Domestic

Complimentary domestic lounge access.

Condition: Spend ₹75,000 in the previous calendar quarter. Access may vary based on card variant (Visa, Mastercard, Amex).

International

Complimentary international lounge access via DreamFolks.

Condition: DreamFolks membership; primary cardholder only.

Discounts

Dining

15% off at participating restaurants under the ICICI Bank Culinary Treats Programme.

Conditions:

Participating restaurants only.

Fuel

1% fuel surcharge waiver.

Conditions:

Transactions between ₹400 and ₹4,000.
Maximum waiver of ₹250 per billing cycle.

Movie

Buy one, get one up to ₹500 off on the second ticket via BookMyShow.

Conditions:

Valid twice per calendar month.
Second ticket discount capped at ₹500.

Insurance Coverage

INR

3Cr

Air Accident Death Cover

INR

50K

Credit Shield

Other Features

Concierge Services

Flight referral and reservation
Hotel and restaurant reservations
Flowers and gifts
Booking and delivery of movie tickets
Medical concierge services

EMI Conversion

Available with processing fee; No Cost EMI options may have hidden charges.

Fraud Protection

Lost card liability of ₹50,000 (including loss up to 2 days prior to reporting and 7 days post-reporting).

Pros & Cons

PROS

Welcome Vouchers
Receive welcome vouchers worth over ₹9,000 upon joining.
Lounge Access
Enjoy complimentary access to domestic and international airport lounges.
Reward Points
Earn reward points on all spends, with accelerated earning on international purchases.
BookMyShow Offer
Buy one, get one offer on movie tickets via BookMyShow.
Fuel Surcharge Waiver
1% fuel surcharge waiver at all fuel stations (with conditions).

CONS

Lower Reward Rate
The reward rate is comparatively lower than some other premium cards.
Annual Fee
The card has a moderate annual fee, although it can be waived.
Conditions on Benefits
Several benefits, including lounge access and fee waivers, are tied to spending conditions.

Who should get this card

This card is best suited for frequent travelers who value airport lounge access and individuals who spend significantly on shopping and travel, especially internationally. Those comfortable with a moderate annual fee and who can meet the spending criteria for fee waivers will find this card beneficial.