ICICI Bank has partnered with Italian sports car maker Ferrari to introduce a co-branded credit card in India — one of the first collaborations of its kind between a bank and a supercar brand in the country. For Ferrari, this partnership is an effective way to engage high-net-worth customers and increase brand visibility in India. The cards may also bring exclusive offers for Ferrari buyers in the future.
ICICI Bank Ferrari Signature Credit Card
The ICICI Ferrari Credit Card is available in two variants on the Visa platform and delivers a range of benefits tailored to different customer needs.
#1 ICICI Ferrari Signature Credit Card
The Ferrari Signature is the premium variant, issued on the Visa Signature platform and offering exclusive privileges such as BookMyShow benefits and airport lounge access under the Visa program. Key advantages include:
- Earn 2 PAYBACK points for every ₹100 spent on retail purchases
- An all-expenses-paid trip to an official Ferrari Challenge race and other Ferrari events in Italy for the highest spenders each year
- Discounts on Ferrari merchandise at Myntra and the official online Ferrari store
- Complimentary access to airport lounges in India as per the Visa Signature program
Joining Privileges and Fees:
- Joining fee: ₹3,999 + service tax; includes a complimentary Scuderia Ferrari watch
- Annual fee: ₹999 + service tax from the second year. The annual fee is waived if you spend more than ₹2,50,000 in the previous year
#2 ICICI Ferrari Platinum Credit Card
The Ferrari Platinum is the more entry-level option on the Visa Platinum platform, offering a focused set of benefits at a lower fee.
- Earn 2 PAYBACK points for every ₹100 spent on retail purchases
- Two complimentary domestic airport lounge visits per quarter
- Two complimentary movie tickets every month under the Buy 1 Get 1 offer via BookMyShow
- Discounts on Ferrari merchandise at Myntra and the official online Ferrari store
Joining Privileges and Fees:
- Joining fee: ₹499 + service tax
- Annual fee: ₹499 + service tax from the second year. The annual fee is waived if you spend more than ₹1,25,000 in the previous year
At the time of writing, details about eligibility for the “top spenders” reward on the Signature variant were not fully confirmed. ICICI customer care did not provide clear information; further updates will be posted when official terms and qualifying criteria are available.