ICICI Bank Business Advantage Black Card
- Joining fee
₹1,500 + GST
- Annual fee
₹1,000 + GST
- Best suited for
Travel, Shopping, Business Expenses
- Reward type
Cashback
Rewards
- Rewards rate
Cashback every month up to 1% on every eligible spends.
- Reward redemption
Cashbacks depends upon the statement balance, the more you spend more cashback you earn. Cashbacks are directly added to the account.
Benefits
- Movie & dining
Minimum discount of 15% on your dining bill at over 2500+ restaurants through ICICI Bank Culinary Treats Programme.
- Domestic lounge
Get 2 complimentary access per quarter at select Airport Lounges.
- Insurance
The card is equipped to compensate for the uncertainties associated with your business travel. It offers personal air accident death insurance cover of up to 75 lacs and many other benefits.
Fees & charges
- Spend-based waiver
Joining fee Fee waived off if eligible spends is greater than ₹75,000 within 60 days of card setup and Renewal fee waived off if eligible spends is greater than ₹7,50,000 in an anniversary year.
- Rewards redemption fee
Nil
- Foreign currency markup
3.5% of the transaction amount
- Interest rates
3.0% per month (36.0% per annum)
- Fuel surcharge waiver
Fuel surcharge waiver of up to 1% on transaction value on HPCL petrol pumps, (capped at Rs. 500 per month)
- Cash advance charges
2.5% of the transaction amount or subject to a minimum fee of Rs.300
Product highlights
- Get up to 1% Cashbacks every month on every eligible spends, Maximum up to Rs. 2,000.
- 5% savings on dining spends at select partners under ICICI Bank Culinary Treats Programme.
- Make fast, convenient and secure payments at retail outlets with Visa payWave contactless technology.
- Enjoy the 24×7 concierge service on your ICICI Bank Business Advantage Black Card for all your needs.
- Get Fuel surcharge waiver of up to 1% on transaction value on HPCL petrol pumps, (capped at Rs. 500 per month)
- Enjoy up to 48 days of interest-free credit on Business Advantage Black Card for your business expenses.
- Use your Business Advantage Black Card to make utility bill payments from the comfort of your office or home.
- Get a minimum discount of 15% on your dining bill at over 2500+ restaurants with the ICICI Bank Culinary Treats programme.
FAQs
Can the cardholder get benefits like balance transfer or personal loans?
No, Business cards do not offer personal card facilities like balance transfer, EMI on call, merchant EMI on card, add-on card and personal loans.
Does ICICI Bank Business Advantage Black Card comes with Zero Liability Protection for the cardholders.
Yes, ICICI Bank does provide a protection cover to its customers in case of loss or theft if it is reported with a stipulated time period. In case of loss/theft/misuse of the Card, it must be reported immediately to the ICICI Bank either through the Customer Care or Simply SMS CCBLK to 5676766 from your registered mobile number only.
What is the Interest-Free (Grace) Period for the ICICI Bank Business Advantage Black Card customers?
ICICI offers up to a maximum of 50 days of interest-free credit period and 20 days from the statement date for the Business Secured Card holders.
What is the Interest on Cash Advances on ICICI Bank Business Advantage Black Card
ICICI charges 3.0% on cash advances per month. Therefore, annually the interest charges on cash advances will be 36.0% per annum.