Icici Bank Sapphiro Debit Card - Benefits, Charges and Eligibility
Icici Bank Sapphiro Debit Card Overview
ICICI Bank has introduced ICICI Bank Sapphiro Debit Card which is designed to deliver superior value through its On-going benefits like built in concierge service, card protection plan and road-side assistance programme. This card comes with unparalleled features and privileges for our customers. Come, experience the infinite possibilities on your Sapphiro Debit Card.
Icici Bank Sapphiro Debit Card Features
- Issued under MasterCard platform
- Cashless Shopping
- Use your Card on the internet for buying travel or movie tickets, paying your bills and much more
- Receive instant SMS alerts on transaction made on your Card
- Allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement
Icici Bank Sapphiro Debit Card Eligibility
All customers holding an account with ICICI bank are eligible for this card. Existing eligible customers can also upgrade the accounts to apply for this card.Icici Bank Sapphiro Debit Card Fees & Charges
- Joining fee: Rs.1999 plus service tax
- Annual fee:Rs.1499 plus service tax
- PoS/Ecom Transactions: Nil
- Re-issuance charges: Rs. 200 plus service taxes
Icici Bank Sapphiro Debit Card Benefits
- Kaya Gift Voucher worth Rs.1,000
- Sapphiro Debit Card customer will be eligible for 2000 Bonus PAYBACK reward points on first usage of debit card for any retail or online purchase, and 2 earn transactions through PAYBACK online shops using PAYBACK Card or linked mobile number within 60 days of card issuance
- Wills Lifestyle gift certificates worth Rs.1500
What is EMV-Chip Based Debit Card?
EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.
EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.
The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.