Cards · ICICI Bank

ICICI Bank Sapphiro Credit Card: rewards, caps and exclusions

The ICICI Bank Sapphiro Credit Card pays about 1% on International spends, and 0.5% on everything else. Below is every rate, cap and exclusion in ICICI Bank's published terms, as we last checked them on 18 July 2026.

Visa, Mastercard, American Express, RuPay₹3,500 a yearPaid in points

What it earns

≈1%International spendsno cap stated

≈0.5%Grocerieson the first ₹40,000 of spend a cycle

≈0.5%Transporton the first ₹20,000 of spend a cycle

≈0.25%Billson the first ₹80,000 of spend a cycle

≈0.5%Everything elseno cap stated

≈ marks a rate paid in points, valued at ₹0.25 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

Fuel
Cash withdrawals and fees
Money transfers
Rent
Wallet loads

Milestones

In ICICI Bank's own words:

₹4L spend → 4,000 RP; +2,000 RP per additional ₹1L; capped 20,000 RP/anniversary yr → 4,000 RP
₹4L spend → 4,000 RP; +2,000 RP per additional ₹1L; capped 20,000 RP/anniversary yr → +2,000 RP per ₹1L above ₹4L (max 20,000 RP)

Fees

Annual fee: ₹3,500, plus 18% GST
Joining fee: ₹6,500
Annual fee waived on ₹6,00,000 of spend in a card year

Welcome benefit: Vouchers ₹13,000+ (Tata CLiQ/EaseMyTrip/Da Milano/Croma/EazyDiner).

Where this comes from

Transcribed from ICICI Bank's own documents and checked against them on 18 July 2026:

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with ICICI Bank's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

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Zenidhi reads your ICICI Bank statements and transaction alerts in Gmail, replays every swipe against the rules on this page, and shows you what you missed, and which card in your wallet to use next time. Get my audit · How the audit works