What is the fee for the ICICI 1838 Reserve credit card?

ICICI's page lists a joining fee and an annual fee of ₹1,75,000 + GST each, with no fee waiver. At 18% GST, that is about ₹2,06,500 a year.

Can I apply for ICICI 1838 Reserve?

ICICI says the card is by invitation only and asks customers to contact their Relationship Manager; its FAQ also offers an online form to register interest, after which ICICI says its team reaches out following eligibility checks. ICICI's page does not publish income or relationship thresholds.

Is the 1838 Reserve reward cap per month or per billing cycle?

ICICI's page says 1,00,000 reward points per month overall, with a monthly 10,000-point cap on utility, telecom, government, tax, education and insurance spends. Some aggregators reported a per-cycle cap; the issuer says monthly.

Does ICICI 1838 Reserve charge a forex markup?

ICICI's page says zero forex markup on all international spends. One aggregator listing reported 1.5%, which the issuer page contradicts.

How much do I need to spend to recover the fee?

On rewards alone, and assuming 3% is the value you get back, about ₹68.83 lakh of eligible domestic spending a year covers the ₹2,06,500 fee with GST. Benefits you would have bought anyway lower that number.

ICICI 1838 Reserve credit card: the ₹1.75 lakh fee, decoded

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ICICI 1838 Reserve credit card: the ₹1.75 lakh fee, decoded | Spendzie