ICICI Preferred Gold Credit Card Review

ICICI Preferred Gold Credit Card is designed to offer shopping benefits. The card primarily meant for shoppers offers nothing exclusive to its cardholders and has features similar to other shopping inclined cards.

The card has a very lame Reward Points program offering its users 1 point for every Rs.200 spent. The card also offers i-mint points for expenses made on the card. For every Rs 100 spent on the card you earn 1 i-mint point. The card offers fuel purchase benefits like fuel surcharge waiver of 2.5%. However this offer is valid only at selected HPCL petrol pumps.

ICICI Preferred Gold Credit Card offers impressive dining benefits to its users. The card also provides travel and holiday discounts provided bookings are made through yatra.com.

ICICI Preferred Gold Credit Card has a Joining and Annual fee from Rs 2000-3500. The card can be compared to cards like Axis Bank Gold Credit Card which too is a shopping card but has very few features and benefit to offer its users.

Surprisingly Axis Bank Gold Credit Card has no Joining and Annual fee in comparison to ICICI Preferred Gold Credit Card high fees/charges. Simply put the card is high on charges and low on offering. The features and benefits offered by ICICI Preferred Gold Credit Card do not justify its high cost.

Interest rate offering is an important criterion with these sections of cards due to volume of transactions. The interest rate offered by ICICI Preferred Gold Credit Card is 3.40% p.m. which again is very high in comparison to Axis Bank Gold Credit Card.