ICICI Bank Emirates Sapphiro Credit Card

Lounge access

• International: 2 complimentary accesses to international airport lounges (primary cardholder only).
• Complimentary Priority Pass Membership (applied on/after Nov 15, 2024) for access to 1,400+ lounges in 145+ countries.
• DreamFolks Membership (applied before Nov 15, 2024) for access to 650+ lounges in 100+ countries.
• Domestic: 2 complimentary lounge accesses per quarter by spending ₹75,000 in the preceding calendar quarter (unlocks access for subsequent calendar quarter).

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Forex markup

Mark-up of 3.50% on foreign currency transactions (a refund initiated by the customer on similar Foreign Currency transactions will also attract a 3.5% Mark-up fee).

Verified · MITC (Most Important Terms & Conditions) for ICICI Bank Credit Cards – includes Emirates Skywards Sapphiro; also contains Key Fact Sheet (Section I) · 2026-08-03 · source

Charge

• Finance charges 3.75% per month (45% p.a.) on retail and cash advances (w.e.f. Nov 15, 2024).
• Cash advance transaction fee 2.5% of advanced amount, min ₹500.
• Card replacement fee ₹200 (w.e.f. Jul 1, 2024; earlier ₹100).
• Add-on/supplementary card fee ₹199 (annual).
• Dynamic Currency Conversion fee 3.5% (w.e.f. Jan 15, 2026; earlier 1%) on Indian currency transactions at international locations/foreign-registered merchants in India.
• Rent Pay 1% (MCC 6513).
• Fuel transaction 1% on transactions above ₹10,000.
• Utility transaction 1% on transactions above ₹50,000.
• Transportation transaction 1% on transactions above ₹50,000 (w.e.f. Jan 15, 2026).
• Education payment 1% via third-party apps.
• Skill-Based Gaming 2% (w.e.f. Jan 15, 2026, MCC 5816).
• Wallet Load 1% on transactions of ₹5,000 or more (w.e.f. Jan 15, 2026).
• Over-limit charge 2.50% of over-limit amount (min ₹550).
• Fee on cash payment at branches ₹150 per transaction (w.e.f. Jan 15, 2026; earlier ₹100).
• Late payment charges slab: <₹100 None.
• ₹100-500 ₹100.
• ₹501-1,000 ₹500.
• ₹1,001-5,000 ₹600.
• ₹5,001-10,000 ₹750.
• ₹10,001-25,000 ₹900.
• ₹25,001-50,000 ₹1,100.
• >₹50,000 ₹1,300.
• Return of cheque / Auto-Debit return fee 2% of TAD (min ₹500) plus ₹50 + GST.
• GST 18%.

Verified · MITC (Most Important Terms & Conditions) for ICICI Bank Credit Cards – includes Emirates Skywards Sapphiro; also contains Key Fact Sheet (Section I) · 2026-08-03 · source

Interest-free period

• Interest-free period could range from 18 to 48 days.
• Grace period of 3 days after the payment due date.

Verified · MITC (Most Important Terms & Conditions) for ICICI Bank Credit Cards – includes Emirates Skywards Sapphiro; also contains Key Fact Sheet (Section I) · 2026-08-03 · source

Fuel surcharge waiver

• Fuel surcharge waiver of 1% of transaction value on HPCL petrol pumps (valid on max transaction of ₹4,000, paid via ICICI Merchant Services swipe machines) and 1% on all petrol pumps on select cards.
• Fuel surcharge waiver applicable for spends up to ₹50,000 per statement cycle.

Verified · MITC (Most Important Terms & Conditions) for ICICI Bank Credit Cards – includes Emirates Skywards Sapphiro; also contains Key Fact Sheet (Section I) · 2026-08-03 · source

Milestone benefit

• Emirates Skywards Gold tier membership on achieving annual spends milestone of ₹15 lakh, of which ₹50,000 must be spent with Emirates on flights booked via emirates.com or Emirates Contact Centre within the anniversary year.
• Gold Tier active upon payment of annual fee in the subsequent year (per Sapphiro upcoming changes: milestone tier upgrade upon crossing qualifying retail spend threshold).
• Note: the ₹15 lakh / ₹50,000 Gold-tier milestone is stated for the Emeralde variant in MITC.

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Redemption value

• Redemption Handling Fee plus GST charged on every redemption request for reward points: ICICI Bank Rewards Scheme ₹99.
• Reward points have expiry of 36 months from the date of issuance.
• Skywards Miles are valid for 3 years from the date of the relevant flight or transaction with a Partner.

Verified · MITC (Most Important Terms & Conditions) for ICICI Bank Credit Cards – includes Emirates Skywards Sapphiro; also contains Key Fact Sheet (Section I) · 2026-08-03 · source

Reward cap

• Reward Points accrued per statement cycle capped for certain MCCs: Utility Spend ₹80,000.
• Insurance Spend ₹80,000.
• Grocery & Departmental Spend ₹40,000.
• Transportation Transaction capped at ₹20,000 per statement cycle (w.e.f. Feb 01, 2026).
• Skywards Miles earnings are up to the credit limit assigned to the card for each statement cycle.

Verified · MITC (Most Important Terms & Conditions) for ICICI Bank Credit Cards – includes Emirates Skywards Sapphiro; also contains Key Fact Sheet (Section I) · 2026-08-03 · source

Reward exclusion

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Transfer partner

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Transfer rule

• Skywards Miles are credited to the Primary cardholder's Emirates Skywards membership account within 48 hours of the statement generation date.
• Supplementary cardholder miles also credit to the Primary Cardholder's account.
• Skywards Miles are valid for 3 years from the date of the relevant flight or Partner transaction, and can be redeemed for flights, upgrades, hotel stays and more with Emirates and its partners.

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Travel benefit

Up to 10% off on Emirates flight bookings using promo code INICI26 on Emirates website/mobile app (Emirates ICICI Co-Brand Credit Cards), for bookings made between 15 April 2026 and 28 February 2027, valid for travel originating from India, on all available fares except special fares.

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Insurance

• ICICI Bank offers free insurance cover on certain cards through a tie-up with ICICI Lombard General Insurance Company Limited.
• Insurer is ICICI Lombard General Insurance Co. Ltd. (Toll-Free 1800-2666).
• Refer to the Comprehensive Insurance Cover terms.

Verified · MITC (Most Important Terms & Conditions) for ICICI Bank Credit Cards – includes Emirates Skywards Sapphiro; also contains Key Fact Sheet (Section I) · 2026-08-03 · source

Eligibility

• Card issued solely for personal use.
• Supplementary cards available.
• Cardholders not an existing Emirates Skywards Member are automatically enrolled into the Emirates Skywards Loyalty Programme.

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Official terms

https://www.icici.bank.in/personal-banking/cards/credit-card/emirates-skywards/emirates-sapphiro.

Verified · harvested from product page · 2026-08-03 · source