myBiz ICICI Bank Business Credit Card
- Joining fee
₹500 + GST
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
1 myBiz cash for every ₹200 domestic spends; 1.25 myBiz cash for every ₹200 international spends; 2 myBiz cash for every ₹200 spent on flight bookings; 3 myBiz cash for every ₹200 spent on hotel bookings
- Welcome benefits
Bonus 500 myBiz cash
- Reward redemption
Earn Rewards as myBiz Cash, which Can be Redeemed at MMT myBiz
Benefits
- Domestic lounge
1 complimentary lounge access every quarter
Fees & charges
- Rewards redemption fee
₹99
- Foreign currency markup
3.50%
- Interest rates
3.67% monthly (44% annually)
- Fuel surcharge waiver
1% surcharge waiver across all petrol pumps
- Cash advance charges
2.5% or a Minimum of ₹300
Product highlights
- There is no renewal fee after the first year.
- New cardholders receive a bonus of 500 myBiz cash when they join.
- Cardholders can access domestic airport lounges once every quarter.
- Earned myBiz cash can be redeemed for future travel and accommodation expenses.
Pros & cons
Pros
- New cardholders receive 500 myBiz cash upon joining.
- Concierge services are provided 24/7.
Cons
- The card does not provide offers or cash back for dining, entertainment, or movie-related expenses.
- To enjoy lounge access in the next quarter, cardholders must spend a minimum of ₹35,000 in the current quarter.
FAQs
Is there a renewal fee with the myBiz ICICI Bank Business Credit Card?
No, after the joining fee of ₹500 plus taxes, there is no renewal fee after the first year.
What happens if I don’t meet the spending requirement for lounge access?
If you don’t spend a minimum of ₹35,000 in the current quarter, you won’t get lounge access for the next quarter.
How can I apply for the myBiz ICICI Bank Business Credit Card?
You can apply for the myBiz Business Credit Card online via the ICICI Bank website or visit a branch.