ICICI Sapphiro Review (2026)
ICICI's answer to the HDFC Regalia. 4x rewards on all spends, strong lounge access, and solid value for ICICI banking customers.
Last updated: 2026-03-25· By PointsWallah Editorial
Fee Details
| Annual Fee | ₹3,500 |
| Joining Fee | ₹3,500 |
| Fee Waiver | Spend 4L in a year (or salary account with ICICI) |
| Income Required | ₹15L/year |
| Network | Visa |
| Fuel Surcharge Waiver | Yes |
Reward Rates
Currency: ICICI Reward Points
Milestone Benefits
5,000 bonus reward points on spending 5L
Lounge Access
Our Review
The Sapphiro is a solid premium card that competes directly with the HDFC Regalia. On paper, the specs are very similar — 4x base rate, comparable lounge access, similar fee structure. Where it differs: if you bank with ICICI, you get preferential treatment on fee waivers and approval. The reward point redemption ecosystem is slightly less flexible than HDFC's (fewer transfer partners). For most people, the choice between Sapphiro and Regalia comes down to which bank you have a salary account with — that bank will give you better terms.
Pros & Cons
Pros
- + 4 reward points per 100 on all spends
- + Solid lounge access — 12 domestic + 6 international
- + Good milestone benefits
- + ICICI's ecosystem benefits if you bank with them
Cons
- - 3,500 annual fee is slightly higher than HDFC Regalia's 2,500
- - ICICI reward point redemption options are more limited than HDFC
- - 4L fee waiver threshold is higher than Regalia's 3L
- - Less brand cachet than HDFC Regalia in the enthusiast community
Best For
Compare ICICI Sapphiro
Frequently Asked Questions
Is the ICICI Sapphiro worth it in 2026?
It depends on your spending. The ICICI Sapphiro costs ₹3,500/year (waiver: Spend 4L in a year (or salary account with ICICI)). With an effective base return of 1.2%, you'd need to spend approximately ₹2.9L per year just to break even on the fee. If your annual spend exceeds that, the card earns you money.
What is the ICICI Sapphiro annual fee?
The ICICI Sapphiro has an annual fee of ₹3,500. Joining fee is also ₹3,500. Fee waiver: Spend 4L in a year (or salary account with ICICI).
What is the minimum salary required for ICICI Sapphiro?
The minimum annual income required for the ICICI Sapphiro is ₹15L. However, if you have an existing banking relationship with ICICI Bank, you may get approved at a lower income level.
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Card features, fees, and reward structures may change without notice. Please verify all details on ICICI Bank's website before applying. We may earn a commission if you apply through our links — this does not affect our editorial assessment.