ICICI Bank Alumni Credit Card
ICICI Bank
Annual / renewal fee
- ₹3,500 (2nd year onwards) for ICICI Bank Sapphiro Credit Card.
- Rs. Nil in 1st year.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Earn rate
Confirm on the official page
Official source not yet captured
This is the issuer's own page for this card. We earn nothing from this link.
You'll land on the issuer's official application portal at icici.bank.in — if a different card is shown first, use its card selector to pick this one.
This is the issuer's own page for this card. We earn nothing from this link.
You'll land on the issuer's official application portal at icici.bank.in — if a different card is shown first, use its card selector to pick this one.
Overview
Alumni Credit Card by ICICI Bank. Facts on this page are extracted and verified automatically from official issuer documents.
Fees
Joining fee
- ₹6,500 (1st year) for ICICI Bank Sapphiro Credit Card.
- Offered Lifetime Free under the Alumni programme, in which case no joining benefits apply.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Annual / renewal fee
- ₹3,500 (2nd year onwards) for ICICI Bank Sapphiro Credit Card.
- Rs. Nil in 1st year.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Fee waiver
Annual fee reversed if total spends are ₹6,00,000 or more during the anniversary year (spends through EMI transactions excluded).
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Rewards
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.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
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).
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Reward exclusion
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Travel & lounge
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).
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Dining, golf, concierge, insurance, milestones & welcome
Welcome benefit
Confirm on the official page
Official source not yet captured
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.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Eligibility
Not published in the official documents on file — see the official T&C link below.
Charges & interest
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.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
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.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
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).
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
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.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Transfers
Not published in the official documents on file — see the official T&C link below.
Common questions
What is the annual fee on the Alumni Credit Card?
Officially traced: Rs. 3,500 (2nd year onwards) for ICICI Bank Sapphiro Credit Card.
ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026What is the joining fee on the Alumni Credit Card?
Officially traced: Rs. 6,500 (1st year) for ICICI Bank Sapphiro Credit Card.
ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026Is the Alumni Credit Card annual fee ever waived?
Annual fee reversed if total spends are Rs. 6,00,000 or more during the anniversary year (spends through EMI transactions excluded).
ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026What lounge access does the Alumni Credit Card include?
Complimentary airport lounge access on spending Rs. 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).
ICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 2026What are the transfer ratios for Alumni Credit Card points?
Transfer ratios are not shown here as a confident value. Confirm the current ratio in your issuer account before transferring.
Other verified details
Not published in the official documents on file — see the official T&C link below.
Official documents & verification
Official terms
https://www.icici.bank.in/campus-power/alumni-credit-card.
VerifiedICICI Bank Credit Cards – Most Important Terms and Conditions (MITC), updated Jul 2, 20264 Aug 2026, 1:30 AM ISTICICI Bank
Verified 2026-08-03 · facts from the official issuer page. Issuers may change fees, earn rates, lounge counts and waivers without notice — always confirm before applying.