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    ICICI Lifetime Free Credit Card

    Ever since cashless payments have been initiated, the use of credit cards has substantially increased. But a common nuisance with them is paying the annual fee. To get rid of them, customers usually switch to no annual fee credit cards or credit cards that are offered under the lifetime free scheme.

    Though there are many issuers offering such credit cards, this article focuses on the ones that are offered by the ICICI Bank.

    Currently, ICICI offers three credit cards under the lifetime free scheme:

    • ICICI Instant Platinum Credit Card
    • ICICI Bank HPCL Coral Credit Card
    • ICICI Chip Platinum Credit Card

    Note: The zero fee credit cards listed above either have no annual charges or the fee is reversible if you meet the card usage requirements as stated by the bank.

    List of ICICI Lifetime Free Credit Cards

    Let’s see each of these credit cards in detail.

    ICICI Instant Platinum Credit Card

    The ICICI Instant Platinum Credit Card is an excellent option for non-salaried individuals. Whether you are a homemaker, student, or a first-time user, this credit card is an ideal pick. However, the only mandatory requirement is to make an FD (Fixed Deposit).

    Features & Benefits of Lifetime Free ICICI Instant Platinum Credit Card

    • It offers an assured credit card at zero annual fees without any income documents, given that you make a fixed deposit with the ICICI Bank.
    • It offers global emergency support service and card replacement assistance.
    • It offers about 15% savings via ICICI Culinary Treats Program.
    • It offers up to Rs.100 off on any movie ticket that is booked via BookMyShow.

    Rewards of of Lifetime Free ICICI Instant Platinum Credit Card

    • For every Rs.100 that you spend, you earn 2 reward points. However, this does not include fuel.
    • The accumulated reward points can be redeemed for amazing gifts.
    • It offers 1% fuel surcharge waiver, provided that the transaction is up to Rs.4000 and is done only at an HPCL petrol pump.

    Fees and Charges of Lifetime Free ICICI Instant Platinum Credit Card

    Type of Fee Charge
    Annual fee Nil
    Renewal fee Nil
    Add-on card charges Nil
    Cash advance fee 2.49% a month (29.88% per annum)
    FTF (Foreign Transaction Fee) 3.5% of the transaction amount
    Interest rate 2.49% every month
    Fee for redeeming the reward points Rs.99
    Over-limit fee 2.5% of the total over-limit amount (Rs.500 minimum)
    Cheque return penalty fee 2% of the total amount (Rs.450 minimum)
    Fee for requesting a duplicate statement Rs.100
    Fee for card replacement Rs.100
    Cash/cheque pickup fee Rs.100 for every pickup
    Late payment charges
    • If the credit card bill is up to Rs.100, there are no penalties.
    • If the bill amount is from Rs.100 to Rs.500, the penalty is Rs.100.
    • If the bill amount is from Rs.501 to Rs.10,000, the penalty is Rs.500.
    • If the bill amount exceeds Rs.10,000, the penalty is Rs.750.

    ICICI Bank HPCL Coral Credit Card

    The ICICI Bank HPCL Coral Credit Card is one of the basic cards to avail for, especially if you are a first-time user. It offers one complimentary lounge access at domestic airports on a quarterly basis and other additional discounts. Usually, beginner/basic credit cards do not offer the kind of facilities the ICICI Coral Card offers.

    Features & Benefits of lifetime free ICICI Bank HPCL Coral Credit Card

    • It offers Rs.100 off on any movie ticket that is booked through BookMyShow. This offer can be availed two times a month.
    • It helps you save at least 15% on dining bills at any of their partner restaurants. This scheme can be availed via the ICICI Bank Culinary Treat Program.
    • It comes with an inbuilt microchip for additional security.
    • It offers an interest-free (or grace) period of 18 - 48 days.

    Rewards of lifetime free ICICI Bank HPCL Coral Credit Card

    • It offers 1% fuel surcharge waiver on a maximum transaction of Rs.4000 but only at an HPCL petrol pump.
    • It offers a cashback up to Rs.100 on fuel purchases made at any HPCL petrol pump, given that the minimum transaction amount is Rs.500.
    • It offers 2 payback points for Rs.100 that you spend on retail purchases. Note that this doesn’t include fuel transactions.

    Fees and Charges of lifetime free ICICI Bank HPCL Coral Credit Card

    Type of Fee Charges
    Annual fee Rs.199 and is reversible if you spend Rs.50,000 or more in the course year
    Joining fee Rs.199 + GST
    Add-on card charges Nil
    Cash advance fee 2.5% of the advance amount, which is subject to a minimum of Rs.300
    Over-limit charge 2.5% of the over-limit amount, which is subject to a minimum of Rs.500
    Cheque return fee 2% of the transacting amount, which is subject to a minimum of Rs.450
    Auto-debit return charge 2% of the transacting amount, which is subject to a minimum of Rs.450
    Cash payment fee Rs.100 at any ICICI branch
    Processing fee for an outstanding cheque 1% of the actual cheque value, which is subject to a minimum of Rs.100
    Jetprivilege Miles Capping fee Rs.7,500
    Cheque/cash pickup fee Rs.100 for each pickup
    Fee for requesting a duplicate statement Rs.100
    Fee for requesting a charge slip Rs.100 each
    FTF (Foreign Transaction Fee) Rs.3.5%
    Late payment charges
    • If the credit card bill is within Rs.99, there are no penalties.
    • If the bill amount is from Rs.100 to Rs.500, the penalty is Rs.100.
    • If the bill amount is from Rs.501 to Rs.10,000, the penalty is Rs.500.
    • If the bill amount exceeds Rs.10,000, the penalty is Rs.750.

    ICICI Bank Platinum Chip Credit Card

    The ICICI Chip Platinum Credit Card is a basic card, which targets the beginners. It is designed to provide extra security, convenience, and flexibility to the customers. The credit card includes both MasterCard & VISA payment gateways. Whether you are spending on dining, traveling, or shopping, this card offers multiple benefits. However, this does not include fuel.

    Features & Benefits of lifetime free ICICI Bank Platinum Chip Credit Card

    • It offers Global Emergency Support Service if you lose the credit card outside India. Once this option is activated, the card will be blocked and you will receive a new card with some emergency funds.
    • The card can be used at any ATM in the world.
    • It offers a minimum of 15% discount if you dine at any of their 2500 partner restaurants. This scheme can be availed via ICICI Culinary Treats Program.
    • It offers 1% fuel surcharge waiver, given that the transaction amount is up to Rs.4000 and is only done at an HPCL petrol pump.

    Rewards of lifetime free ICICI Bank Platinum Chip Credit Card

    • It helps you earn 2 payback points for Rs.100 that you spend on retail purchases.
    • The collected reward points can be easily redeemed for striking products or gift vouchers at any of the ICICI’s partner stores.

    Fees and Charges of lifetime free ICICI Bank Platinum Chip Credit Card

    Type of Fee Charges
    Joining fee Rs.199 + GST
    Annual fee for the subsequent year Rs.99. It can be reversed if you spend Rs.50,000 or more in the previous year
    Add-on card charges Nil
    Interest rate 3.4% per month
    Cash advance fee 2.5% of the advance amount, which is subject to a minimum of Rs.300
    Overdue interest rate on the extended credit 3.4% each month (40.8% per annum)
    Over-limit fee 2.5% of the over-limit amount, which is subject to a minimum of Rs.500
    Fee for cheque return 2% of the transacting amount, which is subject to a minimum of Rs.450
    Auto-debit return charge 2% of the transacting amount, which is subject to a minimum of Rs.450
    Cash/cheque pickup fee Rs.100 for each pickup
    Cash payment charge Rs.100 at any ICICI branch
    Processing fee for an outstanding cheque 1% of the actual cheque value, which is subject to a minimum of Rs.100
    Foreign Transaction Fee (FTF) 3.5% of the total transaction amount
    Late payment charges
    • If the credit card bill amount is within Rs.99, there are no penalties.
    • If the bill amount is between Rs.100 and Rs.500, the penalty is Rs.100.
    • If the bill amount is between Rs.501 and Rs.10,000, the penalty is Rs.500.
    • If the bill amount is above Rs.10,000, the penalty is Rs.750.

    How To Apply lifetime free ICICI Credit Cards Online?

    • Step 1: Go to the official website of ICICI bank. (https://www.icicibank.com/card/credit-cards/credit-card.page)
    • Step 2: Select Products > Cards > Credit Cards from the menu.
    • Step 3: From the listed credit cards, choose the one suiting your lifestyle needs. Click on Apply Now.
    • Step 4: Fill all the details and click submit.
    • Step 5: Once the verification process, a bank representative will call you and help you with the further process.

    Important FAQS On The Lifetime Free Credit Cards Offered By ICICI Bank

    1. What are the advantages of using lifetime free credit cards?

    • The annual fee is not only low but also reversible.
    • The card is secured and safe to use.
    • There are payback rewards.
    • There is a waiver on fuel surcharge.
    • There are offers on dining.

    2. How long does it take to receive the credit card?

    If the details entered are correct and you meet the eligibility criteria, the application is approved instantly. You will receive the credit card in 5-7 working days.

    3. What should you do if your card is stolen or lost or damaged?

    If the card is lost or stolen, you need to call the ICICI customer support and report it immediately. Upon doing this, the card is blocked instantly.

    4. Can you reapply for the credit card if it is lost?

    Yes, you can request for a fresh card at the time of reporting.

    5. Do the reward points expire?

    Yes. The accrued reward points expire if they are not redeemed in the given period.

    Conclusion

    The idea behind the lifetime free scheme is to attract new customers. At times, the offer period is limited. Hence, it is important to read the terms, conditions, and other policies frequently so that changes made by the issuer can be kept in mind.

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