Head-to-head · 🇮🇳 India
ICICI Platinum Chip vs IndusInd Iconia Amex
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
ICICI Bank
ICICI Platinum Chip
VISA
Wins 3 of 10
IN
Premium
IndusInd Bank
IndusInd Iconia Amex
AMERICAN
EXPRESS
EXPRESS
Wins 4 of 10
Verdict
IndusInd Iconia Amex wins 4-3. Mid-premium Amex with annual-fee waiver from year 2. ICICI Platinum Chip is still the right call if lifetime free entry-tier icici card..
Side-by-side
| Criterion | ICICI Platinum Chip | IndusInd Iconia Amex |
|---|---|---|
| Annual fee | = No annual fee | = No annual fee |
| Joining fee | None | · ₹3,500 |
| Top reward rate | · 0.5% (general) | 5% (shopping) |
| Base reward rate | · 0.5% | 1.5% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = No welcome bonus — fee-free for life | = 4,000 reward points + Yatra voucher |
| Fee waiver threshold | · N/A (no fee) | N/A (no fee) |
| Min income | ₹200,000 | · ₹600,000 |
| Min credit score | 700 | · 770 |
| Editorial rating | · 3.6/5 | 4.2/5 |
Benefits compared
ICICI Platinum Chip
- 2 PAYBACK points per ₹100
- 15% off at 800+ restaurants
- 1% fuel surcharge waiver
- Lifetime free, no annual fee ever
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
FAQ
›ICICI Platinum Chip vs IndusInd Iconia Amex: which is better?
IndusInd Iconia Amex wins on more dimensions (4 vs 3). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use ICICI Platinum Chip for its best categories, IndusInd Iconia Amex for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
ICICI Platinum Chip: No welcome bonus — fee-free for life. IndusInd Iconia Amex: 4,000 reward points + Yatra voucher.