M16S / ICICI Bank / Emirates Skywards ICICI Bank Sapphiro Credit Card
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Emirates Skywards ICICI Bank Sapphiro Credit Card
The Emirates Skywards ICICI Bank Sapphiro Credit Card costs Rs 5,000 a year. It earns 1.5 Skywards Miles per Rs 100 (domestic and international). The forex markup is 3.5%. Lounge visits in India: 2 per quarter. Abroad: 2 per year via Priority Pass, primary only. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 5,000+ GST
- Fee waived at
- —
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on icici.bank.inOpens the bank’s own page.
What changed on this card
- ICICI cards lose air accident cover and INOX, fees rise, Dec 2026
From 15 December 2026, ICICI Bank ends air accident cover on 7 cards, CFAR cover on 4 and the INOX benefit on 9. Card replacement goes to Rs 300 plus GST from 11 December.
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 5,000 |
|---|---|
| Annual fee | Rs 5,000 |
| Fee notes | No spend-based fee waiver. Add-on Rs 199. |
Rewards
| Welcome benefit | 5,000 Skywards Miles and Skywards Silver tier; 5,000 miles on each renewal |
|---|---|
| Reward currency | Emirates Skywards Miles |
| Base earn | 1.5 Skywards Miles per Rs 100 (domestic and international) |
| Point value | Skywards Miles; value depends on redemption |
| Spends that earn nothing | No miles on insurance, utility, government, education (from 15 Jan 2026); none on fuel, rent, cash, EMI, wallet loads |
| Points expiryunverified | Per Emirates Skywards rules (3 years on the Emeralde page) |
| Reward notes | Rate cut from 2 to 1.5 miles per Rs 100 on 15 Jan 2026. Silver tier retained in later years only on Rs 5 lakh annual spend. |
Transfers
| Partners | Emirates Skywards |
|---|---|
| Ratio | Earns Skywards Miles directly |
Travel and perks
| Domestic lounge | 2 per quarter |
|---|---|
| International lounge | 2 per year via Priority Pass, primary only |
| Lounge conditions | Spend of Rs 75,000 in the preceding calendar quarter unlocks access for the next quarter (rent, government, education, EMI spends excluded). Primary cardholder only. Rs 2 authorisation at entry. |
| Forex markupunverified | 3.5% |
| Fuel surcharge waiver | 1% on Rs 400-4,000 fuel txns |
| Other freebies | Up to 10% off Emirates fares with promo code; BookMyShow buy-one-get-one up to Rs 500 twice a month (BookMyShow offer needs Rs 25,000 spend in the preceding quarter (from 1 Apr 2026); each add-on card must qualify separately) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil <Rs 100; Rs 100 (Rs 100-500); Rs 500 (Rs 501-1,000); Rs 600 (Rs 1,001-5,000); Rs 750 (Rs 5,001-10,000); Rs 900 (Rs 10,001-25,000); Rs 1,100 (Rs 25,001-50,000); Rs 1,300 (>Rs 50,000) |
| Cash advance fee | 2.5% min Rs 500 |
| Eligibility | Age 21+; salaried Rs 1,50,000 a month; self-employed Rs 18,00,000 a year |
| Fine-print notes | Network taken from a testimonial on the issuer page. Forex markup is the MITC standard rate. Bank-wide transaction fees (MITC): 1% on rent; 1% on fuel txns above Rs 10,000; 1% on utility txns above Rs 50,000; 1% on transportation above Rs 50,000; 1% on education paid via third-party apps; 1% on wallet loads of Rs 5,000+; 2% on skill-based gaming. DCC fee on INR transactions abroad equals the card's forex markup from 15 Jan 2026. Fee-waiver spend excludes rent, government and education payments; a fee reversal forfeits annual gifts. |
Questions
- What is the annual fee of the Emirates Skywards ICICI Bank Sapphiro Credit Card?
- Rs 5,000 a year, before GST.
- Does the Emirates Skywards ICICI Bank Sapphiro Credit Card give airport lounge access?
- Yes. In India: 2 per quarter. Outside India: 2 per year via Priority Pass, primary only. Conditions: Spend of Rs 75,000 in the preceding calendar quarter unlocks access for the next quarter (rent, government, education, EMI spends excluded). Primary cardholder only. Rs 2 authorisation at entry.
- What is the forex markup on the Emirates Skywards ICICI Bank Sapphiro Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Emirates Skywards ICICI Bank Sapphiro Credit Card?
- No miles on insurance, utility, government, education (from 15 Jan 2026); none on fuel, rent, cash, EMI, wallet loads