ICICI Bank Alumni Credit Card

Lounge access

Complimentary airport lounge access on spending ₹75,000 in the preceding calendar quarter, unlocking access for the subsequent calendar quarter (applicable to eligible ICICI Bank Credit Cards including Sapphiro, effective Jan 01, 2025).

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Forex markup

• Foreign currency transactions: Mark-up of 3.50%.
• A refund initiated by the customer on similar foreign currency transactions will also attract a 3.5% mark-up fee.

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Charge

• Finance charge (revolving credit on retail & cash advances): 3.75% per month i.e. 45% per annum (w.e.f. Nov 15, 2024).
• Cash advance fee: 2.5% of advanced amount, subject to minimum of ₹500.
• Card replacement fee: ₹100 (current) / ₹200 w.e.f. July 1, 2024.
• Dynamic Currency Conversion fee: 1% (current) rising to 3.5% w.e.f. Jan 15, 2026 on transactions in INR at international locations or at India merchants registered in a foreign nation.
• Rent Pay transactions: 1% fee (MCC 6513).
• Fuel transactions exceeding ₹10,000: 1% fee (w.e.f. Nov 15, 2024).
• Utility transactions exceeding ₹50,000: 1% fee (w.e.f. Nov 15, 2024).
• Transportation transactions exceeding ₹50,000: 1% fee (w.e.f. Jan 15, 2026).
• Education payments via third-party apps: 1% fee (w.e.f. Nov 15, 2024).
• Skill-based gaming transactions: 2% fee (w.e.f. Jan 15, 2026).
• Wallet load transactions of ₹5,000 or more: 1% fee (w.e.f. Jan 15, 2026).
• Over-limit charge: 2.50% on over-limit amount (minimum ₹550).
• Fee on cash payment at branches: ₹100 (current) / ₹150 w.e.f. Jan 15, 2026.
• Late payment charges: None below ₹100.
• ₹100 (₹100-500).
• ₹500 (₹501-1,000).
• ₹600 (₹1,001-5,000).
• ₹750 (₹5,001-10,000).
• ₹900 (₹10,001-25,000).
• ₹1,100 (₹25,001-50,000).
• ₹1,300 (above ₹50,000).
• Return of cheque / Auto-debit return fee: 2% of Total Amount Due (min ₹500) plus ₹50 + GST.

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Interest-free period

The interest-free period could range from 18 to 48 days, and a grace period of 3 days is given after the payment due date.

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Fuel surcharge waiver

• Fuel surcharge waiver of 1% of transaction value on HPCL petrol pumps on select cards (valid on a maximum transaction of ₹4,000 when paid via ICICI Merchant Services swipe machines), and 1% surcharge waiver on all petrol pumps on select cards.
• Waiver applicable for spends up to ₹50,000 per statement cycle (w.e.f. Nov 15, 2024).

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Milestone benefit

• BookMyShow offer: enjoy the offer on spending ₹25,000 or more in the preceding quarter (w.e.f. Jan 15, 2026).
• ICICI Bank Sapphiro Credit Card is eligible for this offer.
• Cycle repeats every quarter.

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Redemption value

• Redemption Handling Fee (plus GST) per redemption request: ICICI Bank Rewards Scheme ₹99.
• Mine Cash Statement Credit Redemptions ₹99.
• Mine Cash Catalogue Based Redemptions ₹25.
• For ICICI Bank Rewards scheme: Catalogue Based Redemptions ₹99.
• Online and in-store redemptions at Online Partner Brands ₹25.
• Reward points have an expiry of 36 months from the date of issuance.

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Reward cap

• Reward Points accrued per statement cycle capped for Sapphiro: Utility ₹80,000.
• Insurance ₹80,000.
• Grocery & Departmental ₹40,000 (w.e.f. Nov 15, 2024).
• Transportation transactions capped at ₹20,000 (w.e.f. Feb 01, 2026).

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Reward exclusion

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source

Official terms

https://www.icici.bank.in/campus-power/alumni-credit-card.

Verified · ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026 · 2026-08-03 · source