ICICI Bank Expands its Premium Card Portfolio
ICICI Bank, a leader in the Indian credit card market, is set to launch the exclusive Times Black Credit Card in mid-December. Here’s a sneak peek into what this sleek and mysterious premium card will offer.
Key Charges
- Joining Fee: ₹20,000 + GST.
- Annual Fee: ₹20,000 + GST (waived on annual spends of ₹25 lakh).
- Forex Markup: 1.49%, one of the lowest in its class.
- Zero Fees: No cash advance or reward redemption charges.
Exclusive Lifestyle Management Service
Rumored to provide a personalized lifestyle service to simplify premium experiences:
- Assistance with sourcing concert and sports tickets.
- Help with finding rare collectibles like sneakers.
- Reservations at exclusive fine-dining restaurants.
Access to Times Group Premium Events
Cardholders will enjoy invitations to:
- ET Startup Awards.
- Food and Nightlife Awards.
- CXO Meetups.
- ET Conversations with High-Profile Guests.
- Unique dining events like The Royal Table.
Reward Point Earning
While the full structure hasn’t been revealed, here’s what’s known:
- 5,000 reward points for restricted categories such as utilities, insurance premiums, education, and government payments.
- Utilities (MCC 4900, 4901).
- Insurance (MCC 6300, 6399).
- Education (MCC 8220, 8299).
- Government payments like advance tax and house tax (MCC 9222, 9405).
- 2% Reward Points on domestic spends.
- 2.5% Reward Points on international spends.
Why the Times Black Card Stands Out
With a sleek design, ultra-premium lifestyle services, exclusive event access, and low forex markup, the Times Black Credit Card caters to those who value luxury, convenience, and exclusivity.
The Times Black Credit Card promises to redefine premium credit card offerings. Stay tuned for its launch before December 20.