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Key Features of ICICI Bank Instant Platinum Credit Card

  • Instant Issuance:
    • Get the card instantly over-the-counter at ICICI Bank branches by linking it to a fixed deposit of ₹20,000 or more.
    • No lengthy application process or waiting period for approval.
  • No Income Proof Required:
    • Approval based on fixed deposit collateral, making it accessible to students, homemakers, and those with limited income.
    • Ideal for individuals with no credit history or low credit scores.
  • Reward Points Program: Earning Reward Points:
    • 2 Reward Points for every ₹100 spent on retail purchases (excluding fuel, utilities, and insurance).
    • 1 Reward Point for every ₹100 spent on utilities and insurance payments.
    Redemption: Points can be redeemed for cash (₹0.25 per point), e-vouchers, or products from ICICI's rewards catalog.
  • Credit Building:
    • Complimentary Credit Builder Program to help establish or improve your credit score.
    • Regular reporting to credit bureaus when used responsibly.
ICICI Instant Platinum Credit Card
    • Credit Building: Complimentary Credit Builder Program to help establish or improve your credit score. Regular reporting to credit bureaus when used responsibly.
    • Movie Ticket Discounts: 25% discount (up to ₹100) on BookMyShow for minimum 2 tickets, twice per month.
    • Dining Benefits: 15% discount at 2,500+ restaurants across India through Culinary Treats Programme.
    • Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400-₹4,000 at HPCL pumps.
    • Contactless Payments: Tap-and-pay enabled for secure and fast transactions.
    • No Joining/Annual Fees: Lifetime free card with no hidden charges.
    • Free Supplementary Card: Share benefits with family members at no extra cost.
    • Low Interest Rate: 2.49% per month (29.88% annually) on outstanding balances.
    • Global Acceptance: Accepted at over 2 million Visa/Mastercard outlets worldwide.
    • 3D Secure: Extra security layer for online transactions with OTP authentication.
    • Loan on Card: Access instant cash up to your credit limit with flexible repayment.
Instant Platinum Credit Card Benefits

Benefits of ICICI Bank Instant Platinum Credit Card

  • 1. Instant Approval Against FD:
    • Over-the-Counter Issuance: Walk into any ICICI Bank branch with a fixed deposit of ₹20,000+ and get your card instantly.
    • No Credit Checks: Approval based on your FD, not credit history or income.
    • Continue Earning Interest: Your fixed deposit keeps earning interest while serving as collateral.
  • 2. Credit Building Program:
    • Free Credit Education: Learn how to build credit through responsible usage.
    • CIBIL Reporting: Your payment history is reported to credit bureaus to help establish your credit profile.
    • Gradual Credit Limit Increases: Potential for limit increases based on usage patterns.
  • 3. Cost Savings:
    • No Joining/Annual Fees: Unlike most credit cards, this one is completely free.
    • Fuel Savings: 1% surcharge waiver at HPCL pumps saves money on every fill-up.
    • Entertainment Discounts: Regular savings on movies and dining out.
        • Reward Points Program: Earn 2 points per ₹100 on retail spends (except fuel, utilities). Redeem for cash (₹0.25 per point), e-vouchers, or merchandise. No expiry on reward points. No redemption fees.
        • Global Usage: Accepted worldwide at Visa/Mastercard merchants. Emergency card replacement and cash advance services abroad. Zero liability protection against fraudulent transactions.
        • Security Features: EMV chip technology prevents skimming. Instant SMS alerts for all transactions. 24/7 customer support for lost/stolen cards. Online transaction blocking facility.
        • Supplementary Cards: Free add-on cards for family members. Shared credit limit with separate spending tracking. Helps build credit history for supplementary cardholders.
        • Digital Banking: Manage card via iMobile app or internet banking. Set spending limits and transaction alerts. Instant e-statements and payment reminders.
Check Best Gold Loan Offers

How to Apply for ICICI Bank Instant Platinum Credit Card

  • Option 1: Online Application
    • Step 1: Visit ICICI Bank Website or iMobile App
      Go to www.icicibank.com or use the iMobile Pay app (iOS/Android).
    • Step 2: Navigate to Credit Cards Section
      Select "Cards & Loans" > "Credit Cards" > "Instant Platinum Credit Card".
    • Step 3: Link Your Fixed Deposit
      Provide details of your existing ICICI Bank FD (₹20,000+, 180-day tenure) or open a new FD online.
    • Step 4: Complete KYC
      Upload scanned copies of PAN, address proof, and photograph.
    • Step 5: Submit Application
      Receive application reference number via SMS/email.
    • Step 6: Card Delivery
      Physical card dispatched within 7-21 working days to registered address.
  • Option 2: Offline Application (Instant Issuance)
    • Step 1: Visit ICICI Bank Branch
      Locate nearest branch with required documents (FD proof, KYC).
    • Step 2: Open Fixed Deposit (If Needed)
      Minimum ₹20,000 FD with 180-day tenure, set to auto-renewal.
    • Step 3: Fill Application Form
      Provide personal details and attach documents.
    • Step 4: Instant Card Issuance
      Receive card immediately over-the-counter if all criteria are met.
    • Step 5: Activate Card
      Set PIN at ATM or via iMobile app to start using.

Eligibility Criteria for ICICI Bank Instant Platinum Credit Card

  • Age Requirements:
    • Primary Cardholder: Must be between 18 and 60 years of age.
    • Add-on Cardholder: Must be 18 years or older.
  • Fixed Deposit Requirements:
    • Minimum FD amount: ₹20,000 (some sources indicate ₹50,000)
    • Minimum tenure: 180 days (6 months)
    • Must be set to auto-renewal mode
    • Must be held as single account holder (not joint)
  • FD Exclusions: Cannot be issued against:
    • Linked, quantum, 80C, NRE, NRO, or HFC fixed deposits
    • FDs with existing liens
    • FDs in name of third parties, HUFs, societies, trusts, or companies
  • Residency: Must be a resident of India. NRIs are not eligible.
  • Credit Score: No minimum score required (ideal for those with no credit history or low scores).
  • Income Proof: Not required as card is secured against FD.
  • Bank Relationship: Applicant must have an active ICICI Bank savings account or fixed deposit account.
  • Document Submission: Basic KYC documents like PAN and Aadhaar are required for identity verification.
  • Mobile Number Requirement: A valid Indian mobile number linked to your bank account is mandatory.
  • Online Application Access: Internet or mobile banking access is recommended for easier application tracking and FD creation.
Check Best Gold Loan Offers

Documents Required for ICICI Bank Instant Platinum Credit Card

  • Identity Proof (Any one):
    • PAN Card (mandatory for credit limit allocation and processing)
    • Aadhaar Card
    • Passport
    • Driving License
    • Voter's ID
  • Address Proof (Any one):
    • Aadhaar Card
    • Passport
    • Utility Bills (electricity, gas, or telephone – not older than 3 months)
    • Bank Statement or Passbook (with address, not older than 3 months)
  • Fixed Deposit Proof:
    • Fixed Deposit Receipt or Statement showing FD details
    • Confirmation of auto-renewal status
  • Photograph:
    • One or two recent passport-sized color photographs

Key Factors for the ICICI Bank Instant Platinum Credit Card

  • Fixed Deposit Amount:
    • Minimum ₹20,000–₹50,000 required depending on bank policy
    • Credit limit typically 85–90% of FD amount
    • Higher FD = Higher credit limit
  • FD Tenure and Auto-Renewal:
    • Minimum 180-day tenure mandatory
    • Must be set to auto-renewal for uninterrupted card benefits
    • Early FD withdrawal may lead to card cancellation
  • Credit Building Potential:
    • Reports to all major credit bureaus (CIBIL, Experian, Equifax)
    • Timely payments improve credit score over 6–12 months
    • Potential to upgrade to unsecured card after 1 year
  • Usage Benefits:
    • No foreign transaction markup fees on Visa/Mastercard network
    • Free add-on cards help family build credit history
    • Contactless payments for faster checkouts
  • Limitations:
    • No airport lounge access

Frequently Asked Questions (FAQs)

What is the ICICI Bank Instant Platinum Credit Card?
It's a secured credit card issued instantly against a fixed deposit with ICICI Bank. Ideal for those with no credit history or low income, it helps build credit while offering benefits like reward points, dining discounts, and fuel surcharge waivers.
Who should get this card?
This card is perfect for:
  • Students or young adults starting their credit journey
  • Individuals with no credit history or low credit scores
  • Those who can't provide income proof for unsecured cards
  • Anyone needing instant access to a credit card
How does the fixed deposit work with this card?
  • Minimum ₹20,000–₹50,000 FD required (varies by bank policy)
  • FD must have 180-day tenure and be set to auto-renewal
  • You continue earning interest on your FD
  • Credit limit is typically 85–90% of FD amount
  • FD is released when you close the card after clearing dues
What are the fees for this card?
  • Joining Fee: None (Lifetime Free)
  • Annual Fee: None
  • Cash Advance Fee: 2.5% of amount (min ₹300)
  • Late Payment Fee: ₹100–₹750 based on overdue amount
  • Interest Rate: 2.49% per month (29.88% annually)
How long does it take to get the card?
  • Branch Application: Instant issuance over-the-counter if you have eligible FD
  • Online Application: 7–21 working days for delivery
  • Pre-Approved Offers: Existing customers may get instant digital card
Can I upgrade to an unsecured card later?
Yes, after 6–12 months of responsible usage (timely payments, good credit utilization), you may be eligible for an upgrade to an unsecured ICICI credit card. Your FD will be released upon upgrade.
What happens if I don't pay my credit card bill?
The bank may recover dues from your fixed deposit after sending payment reminders. Persistent non-payment could lead to card cancellation and impact your credit score negatively.
Can NRIs apply for this card?
No, the ICICI Bank Instant Platinum Credit Card is only available to resident Indians. NRIs would need to explore other NRI-specific credit card options.
How do I redeem my reward points?
Reward points can be redeemed through:
  • ICICI Bank Rewards Portal (www.icicibank.com/rewards)
  • iMobile app under 'Rewards' section
  • By calling customer care at 1800-200-3344
Redemption options include cash credit, e-vouchers, merchandise, or air miles.
What's the difference between Visa and Mastercard variants?
Both networks offer similar core benefits. The main differences are:
  • Visa: Access to Visa Platinum offers and discounts
  • Mastercard: Access to Mastercard World benefits
  • Network-specific promotions may vary
Functionality and acceptance are nearly identical globally.

List of ICICI Bank Manchester United Platinum Credit Card Branches in Tamil Nadu

  • Virudhunagar (Arupukottai)
  • Virudhunagar (Rajapalayam)
  • Virudhunagar (Srivilliputhur)
  • Salem (Attur)
  • Salem
  • Salem (Omalur Main Road)
  • Salem (Gugai)
  • Salem (Seelanaickenpatti)
  • Salem (Fairland)
  • Salem (Hastampatti)
  • Salem (Agraharam Street)
  • Salem (Junction Main Road)
  • Cuddalore
  • Cuddalore (Annamalainagar - Chidambaram)
  • Cuddalore (Chidambaram)
  • Cuddalore (Neyveli)
  • Namakkal District