ICICI Sapphiro cashback rate, cap and annual fee
ICICI Sapphiro pays 1% at non-rupee spending, 0.5% on everything else, 0.25% on government and 0.25% on phone and internet. The card costs INR 3,500 a year.
ICICI Bank · India · catalogue v101
Read from ICICI Bank's own published terms on 19 Sep 2026.
INR 3,500Annual fee
1%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| non-rupee spendingtravel | 1.00% | —Anything bought in a currency other than the rupee, not only travel. ICICI publishes 4 Reward Points per Rs 100; this is that figure per rupee — again |
| everything else | 0.50% | —Everything else in rupees: 2 Reward Points per Rs 100. |
| government | 0.25% | —Utility bills, on the reduced band ICICI shares with insurance: 1 Reward Point per Rs 100. |
| phone and internet | 0.25% | —Telecom bills, on the same reduced band. |
Rate for rate the same card as the Rubyx — ICICI publishes identical earning for both — at nearly double the fee, so everything the extra buys is a benefit rather than a rate. 4 Reward Points per Rs 100 abroad, 2 at home, and 1 on utility bills and insurance. The foreign rate is the one to read twice: ICICI charges a 3.5% markup on every non-rupee transaction, and at the 25 paise a Reward Point is worth on the ordinary redemption, 4 points per Rs 100 is 1% — less than the markup, so the card costs more abroad than it pays. Joining fee Rs 6,500 plus GST, then Rs 3,500 plus GST a year, waived entirely on Rs 600,000 of annual spending. A 1% fuel surcharge waiver applies on transactions up to Rs 4,000. Source: icicibank.com's own page for the card, read 19 Sep 2026.
Questions people ask
What cashback does the ICICI Sapphiro pay?
1% at non-rupee spending, 0.5% on everything else, 0.25% on government and 0.25% on phone and internet.
Is there a cap on the ICICI Sapphiro?
No monthly cap is published on the rates shown here.
What is the annual fee on the ICICI Sapphiro?
INR 3,500 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.
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