ICICI Bank Business Advantage Black Card

The ICICI Bank Business Advantage Black Card incorporates advanced contactless technology for heightened convenience, presenting an exclusive solution for efficiently managing business expenditures. This distinctive card ensures smart business savings by providing cashback on a range of recurring expenses such as air travel, car rentals, professional services payments (including accounting services, advertising, and marketing), and more. In addition to cashback on business expenses, the card also offers additional cashback on Credit Card payments.

Key Highlights of ICICI Bank Business Advantage Black Card

  1. Receive monthly cashbacks of up to 1% on eligible expenses, with a maximum cap of Rs. 2,000.
  2. Avail 5% savings on dining expenses at specific partners through the ICICI Bank Culinary Treats Programme.
  3. Make secure and convenient payments at retail outlets using Visa payWave contactless technology.
  4. Benefit from 24×7 concierge services provided by your ICICI Bank Business Advantage Black Credit Card.
  5. Enjoy a fuel surcharge waiver of up to 1% on transaction values at HPCL petrol pumps, with a monthly cap of Rs. 500.
  6. Access up to 48 days of interest-free credit for your business expenses with the ICICI Business Advantage Black Credit Card.
  7. Utilize the card for hassle-free utility bill payments from the comfort of your office or home.
  8. Receive a minimum 15% discount on dining bills at over 2500+ restaurants through the ICICI Bank Culinary Treats programme.

Features and Benefits of ICICI Bank Business Advantage Black Card

The ICICI Bank Business Advantage Black Card offers several features and benefits:

1. Travel Benefits:

  • ICICI Business Advantage Black Card grants cardholders complimentary access to select Airport Lounges in India.
  • Enjoy 2 complimentary lounge accesses per quarter.

2. Insurance Benefits:

  • The card covers uncertainties related to business travel.
  • Insurance includes personal accidental death (Air and Non-air), medical expenses, and more.
  • Cover amounts: Rs. 75 lakh for air accident, Rs. 500,000 for non-air death, Rs. 100,000 for medical expenses, Rs. 50,000 for credit shield, and up to Rs. 25,000 for baggage insurance.
  • Check ICICI Bank’s website for additional insurance benefits and terms.

3. Concierge Services:

  • ICICI Business Advantage Black Card offers 24×7 concierge services.
  • Services include restaurant referrals, reservations, car rental, limousine service, medical concierge privileges, and more.

4. Fuel Surcharge Waiver:

  • Enjoy a fuel surcharge waiver of up to 1% on transactions at HPCL petrol pumps (capped at Rs. 500 per month).
  • Valid on a maximum transaction of ₹5,000 when using ICICI Bank swipe machines.

5. Joining/Renewal Fee Waiver:

  • First-year fee waived if eligible spends exceed ₹75,000 within 60 days of card setup.
  • Renewal fee waived if eligible spends exceed ₹7,50,000 in an anniversary year.
  • Renewal fees applicable from the 2nd year onwards.

6. Zero Liability Protection:

  • ICICI Bank Business Advantage Black Credit Card provides zero liability protection.
  • In case of loss, theft, or misuse, report immediately to ICICI Bank officials.
  • Cardholder not liable for transactions made post-reporting loss/theft/damage to the bank.

ICICI Bank Business Advantage Black Card Fees and Charges

Explore the fee structure for the ICICI Bank Business Advantage Black Card and discover the financial advantages that come with it.

1. Joining Fee: ICICI Business Advantage Black Card incurs a joining fee of Rs. 1,500.
2. Annual Fee:

  • For the ICICI Business Advantage Black Card, ICICI Bank imposes an annual fee of Rs. 1,000 (plus applicable taxes).
  • This annual fee is applicable from the 2nd year onwards, with no charges for the first year.

3. Interest Rate: In case of non-payment by the due date, a monthly interest rate of 3.00% (equivalent to 36% annually) is applied to the outstanding amount on the ICICI Business Advantage Black Credit Card.

4. Forex Mark-up Fee: All foreign currency transactions made with the ICICI Business Advantage Black Card are subject to a forex mark-up fee, amounting to 3.5% of the transaction value.

Eligibility Criteria for ICICI Bank Business Advantage Black Card

Here are essential criteria for applying for an ICICI Bank Business Advantage Black Card:

  1. Eligibility Criteria: The applicant must be at least 21 years old.
  2. Business Ownership Requirement: The applicant is required to own a business with a consistent income.
  3. Credit Score Consideration: Both the individual applicant’s credit score and the business credit score could impact eligibility for the card.

Documents Required for ICICI Bank Business Advantage Black Credit Card

To apply for the ICICI Bank Business Advantage Black Credit Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Aadhar Card
  • Voter’s ID
  • PAN Card
  • Passport
  • Driving License

2. Address Proof:

  • Utility bills (not older than three months)
  • Aadhar Card
  • Passport

Note: Office address proof may also be necessary.

3. Business-related Documents:

  • Audited Income Tax Return (ITR)
  • Business Registration Certificate

Ensure no duplication of documents when submitting the required paperwork.

How To Apply for ICICI Bank Business Advantage Black Card?

Follow these steps to apply for the ICICI Bank Business Advantage Black Card:

  1. Go to the official website of ICICI Bank.
  2. Navigate to the ‘Cards’ section.
  3. Choose ‘Commercial Cards’ and then select ‘Business Cards.’
  4. Opt for the ICICI Bank Business Advantage Black Credit Card.
  5. Click on the “Apply Now” button.
  6. Complete the application by providing the necessary information.
  7. Proceed further as instructed.

Frequently Asked Questions (FAQs) –

  1. What is the ICICI Bank Business Advantage Black Card?
    The ICICI Bank Business Advantage Black Card is a premium credit card designed for business users, offering a range of exclusive benefits and features.
  2. How can I apply for the ICICI Business Advantage Black Card?
    You can apply for the card by visiting the official ICICI Bank website, navigating to the ‘Cards’ section, selecting ‘Commercial Cards,’ then ‘Business Cards,’ and choosing the Business Advantage Black Credit Card. Click on “Apply Now” and follow the application process.
  3. What are the key features of the ICICI Business Advantage Black Card?
    The card comes with features such as complimentary airport lounge access, accelerated rewards on business-related expenses, fuel surcharge waiver, and a dedicated relationship manager, among others.
  4. Is there an annual fee for the ICICI Bank Business Advantage Black Card?
    Yes, there is an annual fee associated with the card. Please refer to the terms and conditions or contact ICICI Bank for specific details on fees and charges.
  5. What is the eligibility criteria for the ICICI Business Advantage Black Card?
    The eligibility criteria may vary. Generally, it is based on factors like income, credit score, and other financial aspects. Check the official website or contact ICICI Bank for detailed eligibility requirements.
  6. How can I check the status of my ICICI Bank Business Advantage Black Card application?
    You can check the status of your application by visiting the ICICI Bank website or contacting their customer support. Typically, you’ll need your application reference number.
  7. Can I manage my ICICI Bank Business Advantage Black Card online?
    Yes, the card comes with online account management features. You can check your balance, view statements, and perform other account-related activities through the ICICI Bank online banking portal or mobile app.
  8. Does the ICICI Bank Business Advantage Black Card offer any travel benefits?
    Yes, the card provides travel benefits such as airport lounge access and travel insurance. Refer to the card’s terms and conditions for specific details on the travel-related perks.
  9. Is there a reward program associated with the ICICI Bank Business Advantage Black Card?
    Yes, the card typically comes with a reward program where you earn points on eligible transactions. These points can be redeemed for various rewards, including merchandise, vouchers, and more.
  10. How can I contact customer support for the ICICI Bank Business Advantage Black Credit Card?
    You can reach ICICI credit card customer care support through the contact details provided on their official website, including phone numbers and email addresses dedicated to credit card inquiries.