Times Black ICICI Bank Credit Card
Times Black ICICI Bank Credit is most premium and luxurious credit card even surpassing its own ICICI Emeralde private metal credit card. This card is collaboration between ICICI bank and Times Internet private limited. The card elevate the user experience at premium level by the offer and benefits. It comes with joining and annual fee of ₹20,000+GST and it offer some high end benefits like unlimited lounge access, milestone benefits, EaseMyTrip Voucher and many more but it also lack some area like 2.5% reward on International spending but there is also 1.5% forex markup fee. The rewards are good but depend on spending criteria. Let’s read in details about this card.
JOINING FEE
Rs.20000+GST
RENEWAL FEE
Rs.20000+GST
BENEFITS
Unlimited Domestic & International lounge access for primary and add-on cardholder.
REWARDS &CASHBACK
Earn 2% reward on domestic transaction and 2.5% on International transaction.
Welcome Benefits of Times Black ICICI Bank Credit Card
EasyMyTrip Voucher
- You will receive a complimentary EaseMyTrip voucher of worth ₹10,000. This is luxury stay gift voucher so you can choose hotel according to your choice.
Travel Visa Benefits with Atlys & OneVasco
- The Atlys and OneVasco a reputed platform for doorstep VISA services. This website is easy to apply for VISA of different countries and they charge platform or processing fee, so you will get waiver on processing charges of worth ₹10,000.
Toni & Guy and Interflora Gift Card
- You will get premium voucher of worth ₹3000 of Toni & Guy and ₹1000 of Interflora Gift card as welcome benefits.
The Quorum Club Benefits
- The Quorum club private, member only club which offer space for social and creative work. As Time Black cardholder you will get chance to attend unique events without holding any membership.
- You will get 20% discount at premium restaurant under the Quorum Club : Cafe reed (Mumbai), Zila (Hyderabad), 689 (Gurugram)
Features & Benefits of Times Black ICICI Bank Credit Card
Reward Program
- Earn 2% reward point on domestic spends.There is capping of 5000 reward points per month spend made on utilities, Insurance, Education, Government transaction, Tax payment.
- Earn 2.5% eward point on International spends.
- No Reward Points on wallet, Cash, Rent, Fuel.
Travel Benefits
- Get complimentary unlimited domestic lounge access for primary and add-on card holder.
- Get complimentary unlimited International lounge access for primary and add-on cardholder through priority pass.
Fuel Surcharge Waiver
- Get 1% Fuel surcharge waiver on all fuel transaction upto ₹1000 per month in each statement cycle.
Annual Benefits
- Annual fee that is ₹20,000+GST will be waived off on spending ₹25 lakh in previous year.
Milestone Benefits
- On annual spend of ₹2 lakh, you will get ₹10,000 Klook voucher..
- On annual spend of ₹5 lakh, you will get Airport transfer by Luxury sedan or Helicopter.
- On annual spend of ₹10 lakh, you will get ₹10,000 Tata CliQ Luxury voucher.
Other Benefits
- Get 24 × 7 concierge services for like reservation at restaurant, flight/hotel booking, Gift, Car rentals, Booking movie tickets and many more
- Get Insurance benefits like Air accident (upto ₹3 crore) , baggage Insurance (upto ₹25,000), Delay of checked-in baggage (upto ₹21,000), Loss of passport/Travel document (upto ₹35,000), Medical expenses due to rail road accident (upto ₹50,000), Loss of checked-in baggage (upto ₹84,000) and many more.
Fees & Charges
Foreign Currency Markup
- The card come with marginal foreign currency markup fee that is 1.49% of total transaction amount which is lower compared to other credit card in the market. This is plus point for this credit card which become good choice for International spends.
Finance Charges & Cash withdrawal Fee
- Interest rate is 3.75% per month that is approx 45% per annum.
- Cash withdrawal fee is NIL.
Eligibility Criteria
| Criteria | Salaried Individuals | Self Employed Individuals |
|---|---|---|
|
Age |
21-60 Years |
21-65 Years |
|
Income |
₹2,00,000 Per month |
ITR should be ₹24,00,000 or more |
- Pros & Cons
Pros
- Unlimited lounge access.
- Low foreign markup fee.
- Reward on utility and Insurance.
- Milestone benefits for high spender.
Cons
- Very low reward rate.
- No options for Airmile conversion.
- Low reward rate redemption value.
- High joining/annual fee.
- No guest lounge access.
- Final Thoughts
The card comes with good annual and milestone benefits but it is only brand centric which may create problem for many user. No doubt card excel in some area but there is not great options for reward point redemption like Air mile ratio transfer. For travel related it is great to provide unlimited lounge access but no hotel benefits. You will get Zomato Gold annual membership but no movies and golf benefits. There are other card which comes lower fee than this and offer good reward value than this like HDFC Dinner club black, HDFC Infinia and many others. At such high joining and annual fee the ICICI Bank need to think more but overall if you are high spender then you should go for this card because of milestone benefits it offer is great.
- Frequently Asked Questions
Do I get both complimentary Domestic & International lounge access?
Yes, You will get unlimited complimentary domestic and International lounges access for primary cardholder and add-on cardholder.
How to apply for Times Black ICICI Bank Credit Card?
You can apply at bank official website or you can contact to your relationship manager.
Does Times Black ICICI bank Credit Card have spend based annual fee waiver?
Yes, You need to spend ₹25 lakh in previous year to get waived off the fees.
What is ICICI Bank Credit Card customer care number?
The ICICI Bank Credit Card Customer care number is 1860 120 7777 .