ICICI Bank
Sapphiro
The ICICI Bank Sapphiro Credit Card is a premium financial product crafted specifically for high-income earners and frequent spenders who want a comprehensive mix of rewards and lifestyle privileges. Charging a first-year fee of Rs.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹3,500
Joining Fee
₹6,500
Fee Waiver
Spend ₹6,00,000 annually
Lounge Access
4 Domestic visits per quarter + 2 International visits per year
Forex Markup
3.5%
Effective Yield
0.5% – 6%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The ICICI Bank Sapphiro Credit Card is a premium financial product crafted specifically for high-income earners and frequent spenders who want a comprehensive mix of rewards and lifestyle privileges. Charging a first-year fee of Rs. 6,500 and a renewal fee of Rs. 3,500, the card aims to justify its premium cost immediately upon registration by offering high-value welcome bonuses that far exceed the entry fee. With its dual-network variants and robust rewards structure, it targets users looking to extract value from both domestic and international transactions.
In terms of features, this card offers a solid selection of travel and entertainment perks. Cardholders enjoy domestic and international lounge privileges, complimentary rounds of golf, and a highly attractive Buy 1 Get 1 movie ticket offer via BookMyShow. While the regular reward structure is somewhat conservative on utility and domestic purchases, the card provides accelerated points on international spend and grants substantial milestone reward points without any upper limit, allowing heavy spenders to accumulate points rapidly.
This card is ideally suited for individuals who can naturally meet the spend-based requirements needed to unlock its full utility. To make the most of the Sapphiro card, users should be prepared to meet the Rs. 75,000 quarterly spend threshold for domestic lounge access and aim for the Rs. 6 lakh annual spend limit to completely waive the renewal fee. If you are a frequent traveler and moviegoer who can easily manage these spending levels, this card provides exceptional lifestyle value.
What We Like
We highly appreciate the card's generous welcome package, which offers vouchers worth over Rs. 13,000 that easily offset the joining fee. Additionally, the uncapped milestone reward program and the extensive domestic lounge access of up to 16 visits per year are fantastic features for frequent travelers and high spenders.
Pros
- ✓Provides up to 16 complimentary domestic and 2 international airport lounge visits every year.
- ✓Offers welcome vouchers worth more than Rs. 13,000, which greatly exceeds the joining fee of Rs. 6,500.
- ✓Features unlimited milestone reward points depending on the cardholder's annual retail spending.
- ✓Includes up to 48 complimentary golf rounds in a year based on retail spending.
- ✓Allows up to Rs. 12,000 in annual savings through the Buy 1 Get 1 movie ticket offers.
Cons
- ✗The reward point earning rate on regular card expenditures is relatively low.
- ✗Access to domestic airport lounges and golf benefits is restricted by spend-based conditions.
- ✗Carries a high foreign currency markup fee of 3.5% despite marketing accelerated rewards on international spends.
Get This Card If
- ✓You are a high spender who travels frequently and can optimize your returns through uncapped milestone benefits and airport lounge access.
- ✓You want a rewards card that features accelerated reward points on international transactions.
- ✓You can comfortably pay the Rs. 3,500 annual fee or meet the Rs. 6 lakh annual spending threshold to waive it.
- ✓You can maximize premium lifestyle benefits like welcome vouchers, golf games, and movie ticket discounts without overspending.
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| International Retail Spends | 4 Reward Points (RP) per ₹100 | 1.00% | No Upper Cap |
| Domestic Retail Spends | 2 RP per ₹100 | 0.50% | No Upper Cap |
| Utilities & Insurance | 1 RP per ₹100 | 0.25% | Capped at ₹80,000 spend per month for Insurance/Utilities |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹4 Lakh | Annual Milestone 14,000 pts | ₹1,000 | Earn 4,000 bonus RP upon hitting ₹4 Lakhs in an anniversary year. |
| ₹1 Lakh | Incremental Milestone2,000 pts | ₹500 | Earn 2,000 bonus RP for every ₹1 Lakh spend above the initial ₹4L (Max 20,000/year). |
| ₹6 Lakh | Fee Waiver | ₹3,500 + GST Savings | Annual fee waived for the next year if annual spends exceed ₹6 Lakhs. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| ICICI Rewards Catalogue (Vouchers) | ₹0.25 per point4:1 Ratio | Best Value (Redeem for Amazon, Croma, or Shoppers Stop vouchers via iMobile app) |
What You Need to Know
The ₹75k Lounge Barrier
Effective Jan 2026, you must spend ₹75,000 in the PREVIOUS quarter to unlock the next quarter's lounge access.
Impact: Massive devaluation for users who keep this as a 'secondary' card for emergency travel.
BookMyShow Spend Gate
Effective Feb 2026, the 'Buy 1 Get 1' movie offer requires a quarterly spend of ₹25,000.
Impact: Users can no longer just hold the card for 'cheap movie Sundays' without active usage.
Dual-Network Strategy
Issued as two cards (Amex + Mastercard/Visa) sharing a single credit limit.
Impact: Lounge visits are split (2 per variant per quarter), allowing a total of 4 visits if both cards are used.
2026 Fee Surcharges
1% fee on Wallets (>₹5,000), 2% on Gaming, and 1% on Transport (>₹50,000).
Impact: Transport reward points are also capped at ₹20,000 monthly spend.
Essential Fine Print
Reward Exclusions
Excluded Categories: Fuel, Rent, Wallet loading, and Government-related transactions do not earn reward points.
Welcome Offer
Welcome Vouchers
Vouchers worth ₹9,000+ from brands like Tata Cliq, EaseMyTrip and more upon payment of joining fee.
Lounge Access
Domestic Lounge Access
2 complimentary visits per quarter to domestic airport lounges on spending ₹75,000 in the previous calendar quarter.
International Lounge Access
2 complimentary international lounge visits and 2 spa sessions per year via Dreamfolks membership.
Travel Benefits
Dreamfolks Membership
Complimentary Dreamfolks membership providing access to international lounges and spa sessions.
Golf Benefits
Golf Access
1 complimentary golf round/lesson for every ₹50,000 spent on retail purchases in the previous month (max 4 per month).
Milestone Benefits
Reward Milestone
Earn 4,000 ICICI Bank Reward Points on spending ₹4,00,000 and 2,000 points on every subsequent ₹1,00,000 spend in an anniversary year.
Additional Features
Movie Discounts
Buy one ticket and get up to ₹500 off on the second ticket twice a month via BookMyShow. (Note: You can enjoy the BookMyShow offer on your Credit Card by spending ₹ 25,000 or more in the preceding quarter.)
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹6,500 |
| Annual / Renewal Fee | ₹3,500 |
| Fee Waiver Threshold | Spend ₹6,00,000 annually |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Salaried Individuals
Minimum monthly income of ₹75,000.
Self-Employed Individuals
Annual income tax return (ITR) of more than ₹9,00,000.
Ready to apply for Sapphiro?
Annual fee: ₹3,500 · Waived on ₹6,00,000 spend
Frequently Asked Questions
Annual fee
₹3,500
0.5% – 6% yield