← Back to Card Engine ICICI Bank ENTRY TIER

ICICI Student Credit Card

Annual Fee Lifetime Free (₹0 joining fee + ₹0 annual fee)

Reward Rate 2 Reward Points per ₹100 retail spend (0.5% on statement credit, up to 2% on catalogue)

Lounge Access 1 domestic lounge visit per quarter via ICICI lounge programme (no international lounge access)

ICICI

ICICI Bank plastic

ICICI Student Credit Card Visa

Apply Nowopen_in_newlockSecure · Official site

campaignCredSutra earns a referral fee when you apply through our links. This does not affect our reviews or rankings.

lock Secure redirect to the bank's official site. CredSutra does not store your application data.

Community Consensus

Consensus Note: ICICI Student Credit Card issued by ICICI Bank remains a flagship choice for ICICI Campus Power alumni looking for a lifetime-free entry-level Visa chip card. Verified user discussions highlight strong yields on spending thresholds.

At-A-Glance Quick Facts

payments Annual Membership Fee

stars Base Reward Return Rate

flight_takeoff Airport Lounge Privilege

account_balance_wallet Min Monthly Income

₹25,000 / month

speed Recommended CIBIL Score

750+

8.4 / 10

AI Verdict CredSutra Engine

Synthesized objective algorithmic score

Confidence: 95%

The ICICI Student Credit Card issued by ICICI Bank offers competitive value for ICICI Campus Power alumni looking for a lifetime-free entry-level Visa chip card. Audit your monthly spending against its Lifetime Free (₹0 joining fee + ₹0 annual fee) fee structure.

Key Trade-offs & Considerations

⚡ Annual fee of Lifetime Free (₹0 joining fee + ₹0 annual fee)
⚡ Lounge access policy: 1 domestic lounge visit per quarter via ICICI lounge programme (no international lounge access)
⚡ Reward rate: 2 Reward Points per ₹100 retail spend (0.5% on statement credit, up to 2% on catalogue)

Key Benefits & Characteristics

stars

Category Rewards Multiplier Matrix

1 RP ≈ ₹0.25 to ₹1.00

Spend Category	Earning Multiplier / Return Rate
flight Travel & Flights	2% to 5% points
shopping_cart Online Shopping & SaaS	1% to 5% cashback
storefront Offline Retail Stores	1% reward points
account_balance Government & Tax Pay	0.5% (Caps apply)
house Rent & Wallet Loads	Excluded / 1% surcharge

receipt_long Fee & Surcharge Breakdown

badge Joining Fee

event_repeat Annual Fee

Lifetime Free (₹0 joining fee + ₹0 annual fee)

savings Fee Waiver Threshold

N/A

currency_exchange Forex Markup

3.5% + GST

warning Late Payment Fee

Up to ₹1,300

Detailed Analysis & Review

Deep-Dive Review: ICICI Bank Student / Alumni Credit Card

Community Verdict

[!NOTE] The ICICI Bank Alumni Credit Card (the live Campus Power equivalent of the legacy “Student Credit Card”) is a lifetime-free Visa chip card purpose-built for verified alumni of ICICI’s listed Campus Power colleges — IITs, IIMs, BITS, NITs, NLUs, AIIMS, ISB, FMS, MDI and several others. You get 2 Reward Points per ₹100 retail spend, twice-a-month discounts on BookMyShow and INOX, a 1% fuel surcharge waiver at HPCL pumps, and 1 quarterly domestic lounge visit — all with zero joining and zero annual fees. The catch is sourcing: you must hold a graduation certificate or alumni card from a participating institute, which limits this card to actual alumni of the listed colleges.

Pros

Lifetime Free Card: Zero joining fee and zero annual fee — ICICI’s cheapest entry-level Visa, no spend gate to maintain.
Reward Points on Every Spend: 2 Reward Points per ₹100 retail spend; 1 RP per ₹100 on Utility & Insurance (redeemable up to ₹1/RP in ICICI’s brand catalogue).
Domestic Lounge Access: Complimentary domestic airport lounge access (1 visit per quarter) — generous for a lifetime-free alumni card.
BookMyShow + INOX Movie Discounts: Twice-a-month discounts on movie tickets via BookMyShow and INOX — a useful everyday entertainment perk.
1% Fuel Surcharge Waiver at HPCL: 1% waiver on fuel transactions worth ₹400 to ₹4,000 at HPCL petrol pumps, available for primary and add-on Plus cardholders.
24x7 Concierge Service: Round-the-clock concierge assistance at 1800-26-78729 (dedicated Alumni line).
Up to ₹1/RP in Catalogue: Redeem Reward Points against ICICI brand catalogue (Health & Beauty, Travel & Luggage, Shopping, Home Appliances, Electronics, Fashion) for up to ₹1 per point.
Chip + PIN + Contactless Security: Chip-and-PIN security plus contactless tap-to-pay for fast in-store transactions.
Optional Plus Card for Family: Add-on ICICI Bank Plus card benefits extend to family members at no extra cost.

Cons

Restricted Sourcing: Card is available only to verified alumni of listed ICICI Campus Power colleges (IIT, IIM, BITS, NIT, NLU, ISB, FMS, MDI, etc.) — not a public-application card.
No International Lounge Access: Only domestic lounges are included; no Priority Pass or overseas lounge benefit.
Statement Redemption is Poor: 1 Reward Point = only ₹0.25 against statement credit; catalogue redemptions are essential to extract decent value.
Standard Reward Exclusions: No points on fuel, rent, EMI conversions, wallet loads, or cash advances — categories a young professional uses frequently.
Movie Discounts Capped: BookMyShow and INOX benefits are available twice a month each — not unlimited.
Fuel Surcharge Waiver Restricted to HPCL: 1% fuel waiver works only at HPCL petrol pumps; other fuel networks are excluded.
Limited Insurance Coverage: Standard ICICI ₹50,000 fraud liability cover only — no air accident or travel insurance on this entry-level variant.
₹99 Reward Redemption Fee: Each points-to-statement or catalogue redemption attracts a ₹99 processing fee.

Reward Spends & Categories

Understanding how the Alumni card earns across categories (verified from the ICICI Campus Power page and the live FAQs):

Category Spend	Earning Rate / Reward Points
🛒 Offline / Retail Spends	2 Reward Points per ₹100 spent (≈0.5% statement / up to 2% catalogue)
🛍️ Online Shopping (General)	2 Reward Points per ₹100 spent
🥦 Groceries & Departmental Stores	2 Reward Points per ₹100 spent
💡 Utility Bill Payments	1 Reward Point per ₹100 spent (≈0.25% statement / up to 1% catalogue)
🛡️ Insurance Premium Payments	1 Reward Point per ₹100 spent (separate from retail cap)
🎓 Education Transactions	0% (No points)
🏛️ Government & Tax Payments	0% (No points)
🏠 Rent Transactions	0% (Rent spends completely excluded)
⛽ Fuel Transactions	0% (1% surcharge waiver applies, but no points earned)
💳 Wallet Loads	0% (No points)
💰 Cash Advances	0% (No points)
📅 EMI Conversions	0% (No points on EMI-converted purchases)

Reward Point Redemption Value

Redeeming reward points on the Alumni Credit Card:

Statement Credit: 1 Reward Point = ₹0.25
ICICI Brand Catalogue (Health, Travel, Shopping, Electronics, Fashion, Home): Up to 1 RP = ₹1
Air-mile Transfers: Not supported on this entry-level variant.
Redemption Fee: ₹99 per redemption request (billed to the cardholder).

[!TIP] The catalogue is the only way to unlock value from this card — redeeming to statement credit at ₹0.25/RP effectively makes the card a 0.5% cashback card, but a 2% voucher-value card.

Airport Lounge & Travel Perks

Lounge access on the Alumni Credit Card is modest but free for a lifetime-free entry-level Visa:

[!IMPORTANT]

Domestic Airport Lounges: 1 complimentary domestic airport lounge visit per quarter (4 per year) via the ICICI lounge programme.

International Airport Lounges: Not available on this entry-level alumni variant — no Priority Pass, no overseas lounge membership.

No Spend Gate for Domestic Lounge: The 1-per-quarter visit is part of the card’s standing benefit — no quarterly spend milestone required.

Visa Signature Travel Acceptance: Standard Visa global acceptance with emergency card replacement at no extra charge.

Annual Milestones

The Alumni Credit Card does not publish annual spend milestones. The card’s value proposition is its lifetime-free structure plus standing benefits (lounge access every quarter, twice-a-month BookMyShow & INOX discounts, 1% fuel surcharge waiver at HPCL). Add-on family members get a free ICICI Bank Plus card.

For official terms, interest rates, and applications, refer to the ICICI Campus Power Alumni Card Page. Alumni can write to alumnicc@icicibank.com for sourcing queries.