ICICI Times Black Credit Card Features, Benefits, Reward Points
ICICI Bank is one of the largest credit card providers in India. This year bank has several new credit cards, including the Adani Co-branded Card series and the ICICI MakeMyTrip Credit Card. Now ICICI Bank is set to launch the Premium Times Black Credit Card. This exclusive, stylish and enigmatic card is scheduled for release in mid-November. While details about this card are unknown, but few available details will mentioned below.
Fees & Charges of ICICI Times Black Credit Card
- Joining Charges – ₹20,000 + GST
- Annual Charges – ₹20,000 + GST
- Annual Fee Waiver on Spends of ₹25 Lakh in a Year
- Forex Markup Charges 1.49%
- Zero Cash Advance Charges
- Zero Reward Redemption Charges
ICICI Times Black Credit Card Reward Point Earning
The complete reward point structure for the card has not been revealed, however, some details have been shared online. You can earn up to 5,000 reward points on specific restricted categories such as utility payments, advance tax, education expenses and insurance premiums.
Reward Points Structure
- Utilities (MCC – 4900, 4901, 3887)
- Insurance Premiums (MCC – 6300, 6381, 6399)
- Education (MCC – 8220, 8241, 8244, 8249, 8299, 8493, 8494, 7911)
- Government Payments – This Includes Payments like House Tax, Advance Tax, Fines, Court Payments, Postal Payments, etc. (MCC – 9222, 9311, 9313, 9211, 9399, 9402, 9405)
Card Highlights
Luxury Positioning: Designed for high spenders, this card offers premium perks and lower forex markup, placing it alongside cards like the Axis Olympus.
No Cash Advance Fees: A unique feature that adds value for those who make frequent cash withdrawals.
Premium Benefits: Crafted for substantial spending in key payment categories.
Final Verdict
This card marks ICICI’s move towards luxury offerings after following recent devaluations for its other cards. It’s an exciting option for those looking to maximize rewards on essential and government transactions.