ICICI Bank Sapphiro Credit Card Review 2026: Is the ₹3,500 Fee Worth It?

ICICI Bank's Sapphiro Credit Card is often described as a travel card built around foreign spending. ICICI's own listing says otherwise. International spends earn 4 reward points per ₹100, about 1% back at the roughly ₹0.25 a point that ICICI's redemption options imply, and the foreign-currency markup is 3.5%. Domestic spends earn 2 points per ₹100, about 0.5% back. Where Sapphiro does stand out is domestic lounge access, and even that is conditional on how much you spend each quarter. Here is what the ₹3,500 card is actually worth.

Fees and the Renewal Waiver

Sapphiro charges a joining fee of ₹6,500 plus GST and an annual fee of ₹3,500 plus GST. The annual fee is waived on the renewal if you spend ₹6 lakh or more in the card year, which is ₹50,000 a month. That is a realistic bar if most of a household's spending runs through the card, but an occasional user pays the full fee every year to keep it.

Rewards: Modest Across the Board

Domestic spends earn 2 reward points per ₹100, international spends earn 4 points per ₹100, and utility and insurance spends earn 1 point per ₹100. ICICI's page does not state a rupee value per point, so the value depends on how you redeem. At an assumed ₹0.25 a point, that is about 0.5% back on domestic spends, about 1% on international spends and about 0.25% on utilities. None of that is high for a card with a ₹3,500 fee.

Redeeming Points

Points redeem through ICICI's rewards catalogue and partner options. Because ICICI does not publish one fixed rupee value, treat the ₹0.25 a point used above as an assumption, and check the value of the redemption you plan to use before you count the points as savings.

Eligibility

ICICI sets a minimum monthly income requirement of ₹75,000 for Sapphiro. A CIBIL score in the 750+ range improves approval odds; our guide to minimum CIBIL scores for premium and super-premium credit cards covers what issuers check for cards in this fee bracket.

Who Should Get This Card

• Existing ICICI Bank customers who spend ₹75,000 or more a quarter and will use the 4 quarterly domestic lounge visits
• Households that can reach ₹6 lakh a year of spend, so the fee is waived from the renewal
• Spenders who value a bank relationship over the best reward rate

Skip it if you travel abroad, because of the 3.5% markup; our credit card forex markup comparison lists cards that charge less. Domestic-only spenders will find better flat rates in our best cashback credit cards in India roundup, and our comparison of India's leading travel credit cards weighs Axis Atlas and Scapia against premium cards like this one.