Updated September 29, 2026 · SumCue Editorial Team
ICICI Bank vs Vexi
ICICI Bank
Vexi
Higher score in this comparison
ICICI Bank vs Vexi: the differences
| Compare | ICICI BankReviewVisitVisit | VexiReviewVisitVisit |
|---|---|---|
| Annual fee | ₹3,500 | MX$0 |
| APR | 9.99% to 16.5%Lower | 43.38% to 75.76% |
| Rewards type | Points | Cashback |
| Rewards rate | 4 points per INR 100 international spend, 2 points per INR 100 domestic spend, 1 point per INR 100 utility and insurance spend | up to 5% |
| Perks | Welcome vouchers worth over INR 13,000 from Tata CLiQ, EaseMyTrip, Da Milano, Croma and EazyDiner, 2 complimentary international and 4 domestic airport lounge visits, Up to 4 complimentary golf rounds per month, 24/7 concierge service (i Assist), Air accident insurance cover up to INR 3 crore, 1% fuel surcharge waiver on fuel transactions up to INR 4,000, BookMyShow movie offers, up to INR 500 off the second ticket | Purchase protection, Travel assistance, Telemedicine |
| Currency conversion fee | 3.5% | Not confirmed |
| Credit needed | Good | Not confirmed |
| Regulators | Not confirmed | Comision Nacional Bancaria y de Valores (CNBV) |
Same on both: Card kind (Credit).
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Key differences
- Vexi scores higher overall: 9.0 vs 8.9.
- APR is lower at ICICI Bank: 9.99% to 16.5% vs 43.38% to 75.76%.
- Perks: only ICICI Bank offers Welcome vouchers worth over INR 13,000 from Tata CLiQ, EaseMyTrip, Da Milano, Croma and EazyDiner, 2 complimentary international and 4 domestic airport lounge visits, Up to 4 complimentary golf rounds per month.
- Perks: only Vexi offers Purchase protection, Travel assistance, Telemedicine.
- Pricing model: only ICICI Bank offers Fixed rate.
- Pricing model: only Vexi offers No annual fee.
Our verdict on each
ICICI Bank
ICICI Bank is a full-service Indian bank covering saving, spending and borrowing, so it suits customers who want one provider. The savings account pays 2.5% on a variable rate, with easy access to cash, bill payments and transfers by UPI, IMPS, NEFT and RTGS, and personal loans disburse instantly.
Vexi
Vexi suits spenders in Mexico seeking cashback without a yearly charge, as annual fee of MXN 0 keeps fixed costs at free while rewards add value on spending. Borrowing costs apply through APR of 43.38% to 75.76%, so paying in full each cycle matters for households watching budgets closely.
Score breakdown
| Area | ICICI Bank | Vexi |
|---|---|---|
| Cost | 8.6Card costs weigh heavy: an annual fee of INR 3,500 on the Sapphiro card, and personal loan rates of 9.99% to 16.5%. | 9.2Higherannual fee of MXN 0 keeps fixed costs at free, though APR of 43.38% to 75.76% matters for revolvers |
| Offer | 9.4Higher | 9.1cashback of cashback with rewards of up to 5% plus cover via purchase protection, travel assistance and telemedicine |
| Trust | 9.0Higher | 8.8oversight from Comision Nacional Bancaria y de Valores (CNBV) supports confidence in card operations and handling |
From lowest to highest
| Fact | ICICI Bank | Vexi |
|---|---|---|
| APR | 9.99% to 16.5% | 43.38% to 75.76% |
Where they rank in our lists
| Ranking | ICICI Bank | Vexi |
|---|---|---|
| Credit and debit cards | 43 of 1594 | 17 of 1594 |
| Credit cards | 15 of 421 | 5 of 421 |
Every fact side by side
| Fact | ICICI Bank | Vexi |
|---|---|---|
| Pricing model | Fixed rate | No annual fee |
| Features | Rewards | Rewards |
| Legal entity | ICICI Bank Ltd. | Not confirmed |
| Headquarters | India | Not confirmed |
| Founded | 1994 | Not confirmed |
| Support channels | Phone, Help centre, Chat | Not confirmed |
Loans
| Fact | ICICI Bank | Vexi |
|---|---|---|
| Loan amount | ₹50,000 to ₹5,000,000 | Not confirmed |
| Term | 12 to 72 months | Not confirmed |
| Arrangement fee | Up to 2% of loan amount plus taxes (Personal Loan processing charge) | Not confirmed |
| Credit check | Hard | Not confirmed |
| Funding time | Instant disbursement | Not confirmed |
| Rate type | Variable | Not confirmed |
| Lender type | Direct lender | Not confirmed |
| Free early repayment | No | Not confirmed |
| Eligibility | Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees | Not confirmed |
| Origination fee (%) | 2% | Not confirmed |
| Loan types | Personal, Debt consolidation | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Savings
| Fact | ICICI Bank | Vexi |
|---|---|---|
| Headline rate | 2.5% | Not confirmed |
| Minimum deposit | ₹2,500 to ₹15,000 | Not confirmed |
| Access terms | Easy access to funds: cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS | Not confirmed |
| Account kind | Easy access | Not confirmed |
Mortgages
| Fact | ICICI Bank | Vexi |
|---|---|---|
| Initial rate | 7.55% | Not confirmed |
| Maximum loan to value | 80% to 90% | Not confirmed |
| Purpose | Purchase, Remortgage | Not confirmed |
Where each stands against the rest
| Fact | ICICI Bank | Vexi | Median |
|---|---|---|---|
| APR | 9.99% to 16.5%below the median | 43.38% to 75.76%highest quarter | 11.635 |
| Currency conversion fee | 3.5%highest quarter | Not confirmed | 1% |
Median across 486 listed providers.
Pros and cons
ICICI Bank
Pros
- Personal loans disburse with Instant disbursement, on amounts of INR 50,000 to INR 5,000,000 over terms of 12 to 72.
- The savings account is easy access, taking a minimum deposit of INR 2,500 to INR 15,000.
- The card pays points on spending, with lounge visits, golf rounds, concierge help and welcome vouchers added.
Cons
- Foreign spend on the card carries a currency conversion fee of 3.5%.
- Personal loan applications run a hard credit check, and good credit is the bar.
- Free early repayment is not offered, so settling a personal loan early carries a charge.
Vexi
Pros
- Free ownership with annual fee of MXN 0, lighter than DKB with fees of €29.88
- Cashback rewards of cashback with rewards of up to 5% for eligible spending
- Added lifestyle cover through purchase protection, travel assistance and telemedicine for shopping and travel peace of mind
Cons
- Borrowing carries APR of 43.38% to 75.76%, which proves costly where balances revolve across billing cycles
- Support runs on email, chat and help centre only, which limits choice at moments when voice help feels urgent
Who each suits
ICICI Bank
Who it suits
- Salaried Indian citizens of adult age who want savings, a card and loans from one bank.
- Savers comfortable with a variable savings rate and borrowers happy with a fixed rate loan.
- Cardholders who want a credit card with lounge, golf and concierge perks on top of points.
Who should look elsewhere
- wise, if a card with no annual fee matters most, since its annual fee is £0.
- bunq, if you would rather hold a euro account with an annual fee of €0 on the card.
- Varo Believe Secured Credit Card, if a secured card with an annual fee of $0 is the better fit.
Vexi
Who it suits
- Shoppers who value cashback over Kraken while weighing fees of €0 in comparisons
- Budget holders who favour free ownership over DKB with fees of €29.88
- Digital users at ease with email, chat and help centre rather than eToro style platform help
Who should look elsewhere
- Readers who often revolve balances and dislike APR of 43.38% to 75.76% may compare DKB before committing
- Readers who want voice support beyond email, chat and help centre may prefer Kraken as a comparison point
Current offers
ICICI Bank
Current offer
Bonus
Sapphiro Credit Card welcome vouchers: Vouchers worth over INR 13,000
Upon payment of the joining fee of INR 6,500 + GST; vouchers worth INR 3,000 from Tata CLiQ, INR 4,000 from EaseMyTrip, INR 5,000 from Da Milano, INR 1,500 from Croma and an EazyDiner Prime Membership worth INR 1,095; issued within 45 business days
Source, checked September 26, 2026
Discount code
BookMyShow buy one get one movie offer on Sapphiro Credit Card: Up to INR 500 off the second ticket
From Apr 1, 2026 requires spending INR 25,000 or more on the Sapphiro Credit Card in the preceding spends quarter; one movie offer per month per card variant for dual-network cards
Source, checked September 26, 2026
Bonus
Sapphiro Credit Card milestone reward points: 4,000 reward points on INR 4 lakh annual spend, plus 2,000 points per additional INR 1 lakh, up to 20,000 points
Awarded in an anniversary year on qualifying annual spend
Source, checked September 26, 2026
Country by country
| Country | ICICI Bank | Vexi |
|---|---|---|
| India | Yes | No |
| Mexico | No | Yes |
Questions about each
ICICI Bank
What does the card cost to hold each year?+
The annual fee on the card is INR 3,500, which sits above cards that charge nothing. Foreign currency transactions add a conversion fee of 3.5% on top. It is a credit card, so balances are meant to be cleared in full rather than carried.
What rewards does the card pay?+
Rewards come as points, earning more on international spend than on domestic, utility and insurance purchases. The credit card also carries welcome vouchers with travel, dining and retail partners, lounge visits, golf rounds, a round the clock concierge service, air accident cover and a fuel surcharge waiver.
Vexi
What does Vexi charge each year for card ownership?+
Vexi charges annual fee of MXN 0, which keeps ownership costs at free while you use the card for retail spending and routine bills. That structure suits households that clear balances and wish to avoid a fixed yearly charge eating into cashback gains over time.
How much interest applies when carrying a Vexi balance?+
Vexi applies APR of 43.38% to 75.76% when you carry a balance beyond the payment due date. The range reflects risk based pricing, so your assigned rate depends on assessment. Paying in full helps avoid interest and preserves the value earned through rewards.
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