What is the forex markup on the ICICI Instant Platinum (against Fixed Deposit) Credit Card?

3.5% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the ICICI Instant Platinum (against Fixed Deposit) Credit Card?

No points on fuel, rent (MCC 6513), e-wallet loads, cash; EMI and fees excluded. Government payments treated as utility.

M16S / ICICI Bank / ICICI Instant Platinum (against Fixed Deposit) Credit Card

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ICICI Instant Platinum (against Fixed Deposit) Credit Card

ICICI BankVisaLast checked 11 Oct 2026fees only

The ICICI Instant Platinum (against Fixed Deposit) Credit Card charges no annual fee and no joining fee. The forex markup is 3.5%. Read from the issuer's own documents on 11 Oct 2026.

Annual fee: Free
Fee waived at: —
Base return: —
Forex markup: 3.5%
Interest: 3.75%a month

Apply on icici.bank.inOpens the bank’s own page.

Fees

Joining fee	Free
Annual fee	Free
Fee notes	Nil joining and annual fee per MITC. Add-on Rs 199.

Rewards

Reward currency	ICICI Bank Reward Points
Spends that earn nothing	No points on fuel, rent (MCC 6513), e-wallet loads, cash; EMI and fees excluded. Government payments treated as utility.
Points expiry	3 years from issuance

Travel and perks

Forex markup	3.5%

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	FD of Rs 50,000+ with ICICI Bank, tenure 180 days+, auto-renewal on; credit limit up to 90% of FD
Fine-print notes	BookMyShow offer removed from this card from 1 Feb 2026 (MITC: Secured Platinum). Earn rate not stated on the FD page. 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 ICICI Instant Platinum (against Fixed Deposit) Credit Card?: No annual fee.
What is the forex markup on the ICICI Instant Platinum (against Fixed Deposit) Credit Card?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the ICICI Instant Platinum (against Fixed Deposit) Credit Card?: No points on fuel, rent (MCC 6513), e-wallet loads, cash; EMI and fees excluded. Government payments treated as utility.