Quick Verdict

  • For everyday spend, the IndusInd Legend Credit Cardⓘ wins with a higher base reward rate of 0.7% versus 0.5% on the ICICI Bank Platinum Chip Credit Cardⓘ.
  • For dining rewards, the IndusInd Legendⓘ card offers a superior 1.75% return compared to no special dining category on the ICICI Platinum Chipⓘ.
  • Both cards have no joining or annual fee, making them equally cheap to hold.
  • Choose the ICICI Bank Platinum Chipⓘ if you want a no-frills, lifetime-free card for basic shopping and utilities. Pick the IndusInd Legendⓘ if you want better rewards and lounge access with no fees.

Side by Side

DetailICICI Bank Platinum Chip Credit CardⓘIndusInd Legend Credit Cardⓘ
Annual feeNil (lifetime free)Nil (lifetime free)
Joining feeNil (lifetime free)Nil (lifetime free)
Fee waiver on spend,,
Reward rate0.5%0.7%
Reward typepointspoints
Domestic loungeNone8 per year
International loungeNoneNone
Forex markup3.5%3.5%
Best suited forlifetime-free, first-card, dining, shoppingrewards, lifetime-free, lounge, shopping

Rewards Compared

The ICICI Bank Platinum Chip Credit Cardⓘ offers a flat 0.5% reward rate, which translates to Rs 50 back on Rs 10,000 spent. It also has a category rate of 0.5% on utilities, so no uplift there. This makes it a modest rewards card ideal for basic spenders who want a free card with some points on everyday transactions.

On the other hand, the IndusInd Legend Credit Cardⓘ provides a better base reward rate of 0.7%, yielding Rs 70 on Rs 10,000 spend. Its dining category is especially lucrative, offering 1.75% or Rs 175 back on Rs 10,000 spent in dining. This makes it a strong choice for users who spend heavily on dining and want higher rewards overall.

Fees Compared

Both cards have no joining fee and no annual fee, making them equally economical to hold. Neither card requires a minimum spend to waive fees, as there are no fees to begin with. Therefore, there is no break-even point to consider on fees. This makes both cards attractive for users wary of hidden costs or annual fees.

Which One Should You Pick

Pick the ICICI Bank Platinum Chip Credit Cardⓘ if you are a first-time credit card user or someone who wants a simple, no-annual-fee card for everyday shopping and utility payments. It suits those who prioritize a free card over high rewards and do not need lounge access.

Choose the IndusInd Legend Credit Cardⓘ if you want a lifetime-free card with higher rewards, especially if you spend on dining or want domestic lounge access. It is ideal for reward-focused users who want some premium benefits without an annual fee.

Overall, the IndusInd Legendⓘ card wins for rewards and benefits, but the ICICI Platinum Chipⓘ is a solid pick for no-cost, straightforward usage. Skip the ICICI card if you want better returns or lounges. Skip the IndusInd card if you want ultra-basic, no-frills credit.

What to Check Before You Apply

  • Check if the IndusInd Legendⓘ card requires an invitation, as it is not openly available.
  • Confirm if there are any caps on lounge visits or reward redemption limits.
  • Understand the forex markup of 3.5% applies equally on both cards for foreign currency spends.
  • Verify if the ICICI Platinum Chipⓘ has any hidden conditions despite being lifetime free.
  • Check which airports the IndusInd Legendⓘ domestic lounges are available at to ensure convenience.

FAQ

Is there any joining or annual fee on these cards?+
Both the ICICI Bank Platinum Chip Credit Cardⓘ and IndusInd Legend Credit Cardⓘ have no joining fee and no annual fee, making them cost-effective choices.
Do these cards offer lounge access?+
Only the IndusInd Legend Credit Cardⓘ provides domestic lounge access, with 8 visits per year. The ICICI Platinum Chipⓘ has no lounge access.
What is the forex markup on these cards for international transactions?+
Both cards apply a forex markup of 3.5% on foreign currency spends, which is the standard rate.
Which card offers better rewards on dining?+
The IndusInd Legend Credit Cardⓘ offers 1.75% rewards on dining, significantly higher than the ICICI Platinum Chipⓘ, which has no special dining category.
Are these cards suitable for first-time credit card users?+
The ICICI Bank Platinum Chip Credit Cardⓘ is well suited for first-time users due to its simplicity and no fees. The IndusInd Legendⓘ card requires an invitation and is better for experienced users seeking rewards and lounges.