Deep-Dive Review: ICICI Signature Credit Card

⚠️ Important Notice — Card Discontinued

[!WARNING] This card is DISCONTINUED. The official ICICI Bank Signature product page at https://www.icicibank.com/cards/credit-card/signature-credit-card.page returns 404 as of 3 July 2026. ICICI Bank has stopped sourcing new applications for the standalone Signature Credit Card — only co-brand Signature variants exist now (Adani One Signature, MakeMyTrip Signature), and these are different products. Existing cardholders can continue using the legacy card for outstanding balances, Reward Points redemption, and EMI conversions.

What this means for you:

• New applications: Not possible — the card cannot be applied for.
• Existing cardholders: Can continue using the card for purchases, EMI conversions, and Reward Points redemption until renewal/expiry.
• Reward Points: Already-accrued points continue to expire 36 months from accrual date.
• Alternative: For a current ICICI premium card with similar positioning, see ICICI Bank Sapphiro or upgrade to Emeralde if income permits. If you specifically want Signature-tier benefits today, the HDFC Bank Regalia Gold is the comparable active mid-premium offering.

Community Verdict

[!NOTE] The ICICI Signature Credit Card was a premium Visa Signature card positioned between the mid-premium Rubyx and the upper-premium Sapphiro. It earned a flat 1 ICICI Reward Point per ₹100 retail (~0.25% return at ₹0.25/point), with 1 complimentary domestic airport lounge visit per quarter in legacy records (subject to bank confirmation on existing cards). Joining and annual fee were both ₹2,500 + GST with no documented spend-based waiver. The card had ₹50,000 fraud liability cover, but no air accident insurance, no travel insurance, no concierge, no welcome benefit, no milestone rewards, and a 3.5% forex markup. Discontinued by ICICI Bank — the official product URL returns 404 today and the card is not in the active catalog.

Pros

• Visa Signature Tier Privileges (Legacy): As a Visa Signature card, certain international travel benefits (Visa concierge, hotel privileges at Visa Signature partner hotels) may apply subject to bank confirmation.
• Simple Reward Structure: Flat 1 ICICI Reward Point per ₹100 across retail — easy to track.
• 1 Domestic Airport Lounge Visit/Quarter (Legacy): Up to 4 complimentary lounge visits per year on legacy record — better than entry-level no-lounge cards.
• Add-on Cards Free: Nil add-on card fee for family members (legacy record).
• 1% Fuel Surcharge Waiver: On transactions between ₹400 and ₹4,000 at all fuel pumps.
• 3-Year Point Validity: Reward Points valid for 36 months from accrual.
• Airmile Conversion: 1 RP = 0.25 airmile — occasional flyer redemption.
• Fraud Liability Cover: ₹50,000 cover against fraudulent transactions.

Cons

• DISCONTINUED — New Applications Not Possible: Official ICICI Bank page returns 404 as of 3 July 2026; sourcing stopped by ICICI Bank. Only co-brand Signature variants remain (Adani One Signature, MakeMyTrip Signature) — different products.
• Low Reward Rate at 0.25%: 1 ICICI Reward Point per ₹100 retail — substantially below mid-premium cards like Rubyx (0.5%) or Sapphiro (0.5% base).
• Annual Fee Not Waivable: No documented spend-based waiver — full ₹2,500 + GST charged every year on legacy cards.
• No Welcome Benefit: No joining voucher bundle documented on the legacy Signature card.
• No Milestone Rewards: No annual spend-based milestone bonus — contrast active ICICI Rubyx / Sapphiro / Emeralde.
• Heavy Reward Exclusions: Fuel, rent (MCC 6513), wallet loads, government payments, and EMI conversions earn zero Reward Points.
• 3.5% Forex Markup: Erodes international reward value — use a 0%-forex card for overseas trips.
• Reward Redemption Fee: Flat ₹99 + GST charged per redemption request via the Reward Points catalogue.
• Cash Advance Interest ~42% p.a.: 3.5% per month on ATM withdrawals — avoid cash advances entirely.
• No Insurance Beyond Fraud Cover: No Air Accident Insurance, no travel insurance, no purchase protection.
• No Concierge: No dedicated 24×7 concierge service on the legacy Signature card.
• Lounge Benefit Subject to Bank Confirmation: Only 1 domestic lounge visit/quarter in legacy records — significantly less than ICICI Rubyx / Sapphiro. Current applicability on existing cards subject to bank confirmation.

Reward Spends & Categories

The ICICI Signature Credit Card earned ICICI Reward Points (worth ₹0.25/point at catalogue redemption). Note: data is from legacy Finology Select and Web Archive records since the official page returns 404:

Category Spend	Earning Rate / Reward Points
🛒 All Retail (offline + online)	1 ICICI Reward Point per ₹100 retail (~0.25% return)
✈️ Travel Spends	1 ICICI Reward Point per ₹100 retail (~0.25% return)
💡 Utility Payments	1 ICICI Reward Point per ₹100 retail (~0.25% return)
🛡️ Insurance Premiums	1 ICICI Reward Point per ₹100 retail (~0.25% return)
🏛️ Government Payments	0% (Excluded)
🏠 Rent Payments (MCC 6513)	0% (1% fee capped at ₹250 + GST)
⛽ Fuel Transactions	0% (1% surcharge waiver ₹400–₹4,000 — no points earned)
💳 Wallet Loads	0% (Excluded)
💳 EMI Conversion (post-conversion)	0% (Excluded)

Reward Point Redemption Value

ICICI Reward Points on the legacy Signature card redeemed via Reward Points catalogue (iMobile app / Net Banking):

• Cash / Statement Credit: 1 RP = ₹0.25 (after ₹99 + GST redemption fee per request)
• Airmiles (Flight Conversion): 1 RP = 0.25 airmile per legacy record
• Cash Vouchers (Brand Catalog): 1 RP = ₹0.25 equivalent value

[!IMPORTANT] Since the card is discontinued, new Reward Points may no longer accrue on existing cards once ICICI migrates the legacy book to a successor product. Existing points already accrued continue to expire 36 months from accrual date.

Annual Milestones & Welcome Benefit

[!IMPORTANT]

• Welcome Benefit: None documented on the legacy Signature card.
• Annual Milestone Rewards: None documented — contrast active ICICI Rubyx / Sapphiro / Emeralde.
• Annual Fee Waiver: Not applicable — no documented spend-based waiver. Full ₹2,500 + GST charged every year.

Airport Lounge & Travel Perks

[!IMPORTANT]

• Domestic Airport Lounges: 1 complimentary visit per quarter in legacy records (up to 4 per year). Current applicability on existing cards subject to bank confirmation since the page is gone.
• International Airport Lounges: Not included on the Signature card.
• Railway Lounges: Not included on the Signature card.
• No Spend Gate Documented: Unlike Rubyx / Sapphiro, no ₹75,000 quarterly spend gate was documented on the legacy Signature card.
• Visa Signature Privileges: Hotel discounts, dining offers, and travel insurance may apply through Visa Signature network benefits subject to bank confirmation.

Insurance Coverage

[!IMPORTANT]

• Fraud Liability Cover: ₹50,000.
• No Air Accident Insurance.
• No Travel / Baggage / Flight Delay Cover.
• No Purchase Protection or Extended Warranty.

Fees & Charges — Snapshot

Fee / Charge	Amount
Joining Fee	₹2,500 + GST
Annual Fee (Year 1)	₹2,500 + GST
Annual Fee (Year 2 onwards)	₹2,500 + GST (no documented spend-based waiver)
Add-on / Plus Card Fee	Nil
Foreign Currency Markup	3.5%
Cash Withdrawal Fee	₹500 (flat)
Cash Advance Interest	3.5% per month (~42% p.a.)
Reward Redemption Fee	₹99 + GST per request
Fuel Surcharge	1% (waived ₹400–₹4,000)
Card Replacement Fee	₹100
Duplicate PIN Fee	Nil
Statement Retrieval Fee	Nil

Who Is This Card For?

Existing cardholders — keep if:

• Aapke paas legacy Signature card hai aur aap renewal date tak use karna chahte hain
• Aap outstanding balance har mahine full pay karne ki discipline rakhte hain
• Aap 1 quarterly domestic lounge visit ka benefit leverage karte hain
• Aap add-on cards free me use karte hain

Skip / upgrade if:

• Aap aaj apply karne wala card chahte hain — yeh card discontinued hai
• Aap higher reward rates chahte hain (0.5%+) — ICICI Sapphiro ya HDFC Regalia Gold dekhein
• Aap lounge, milestone rewards, ya insurance cover chahte hain — Rubyx ya Sapphiro better options hain
• Aap lower forex markup chahte hain — 3.5% industry standard hai lekin HDFC Infinia, Niyo/Scapia offer karte hain
• Aap strong utility + insurance earnings chahte hain — Sapphiro ya Emeralde better rates dete hain

Active alternatives: Aaj mid-premium card ke liye HDFC Bank Regalia Gold ya ICICI Bank Sapphiro dekhein. Premium upgrade ke liye ICICI Emeralde ya HDFC Infinia top picks hain.

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For official terms, interest rates, and applications, refer to the Bank Reference Page.

For monetization on the side, existing cardholders legacy card continue use kar sakte hain, lekin new applications possible nahi hain. Aaj active ICICI card ke liye apply karne ke liye CredSutra ke through ICICI Bank Sapphiro ya HDFC Regalia Gold dekhein. CredSutra approved cards par referral commission kamata hai — aapke liye koi extra cost nahi.