The ICICI Bank Business Advantage Black Credit Card is a business credit card designed to help users maximize savings on their business expenses through cashback rewards. This card offers cashback on various recurring business expenditures, including air travel, professional services, and car rentals, making it an ideal choice for businesses looking to reduce their operational costs. Equipped with Visa PayWave contactless technology, the card allows for quick, convenient, and secure payments at retail outlets worldwide—just tap your card wherever contactless payments are accepted in over 48 countries.
In addition to cashback, the Business Advantage Black Card provides numerous other benefits. Cardholders can enjoy a minimum of 15% savings through the ICICI Bank Culinary Treats Program, and receive comprehensive insurance coverage, such as a personal air accident death cover of up to Rs 75 lakh. The card also grants two complimentary airport lounge accesses per quarter at select lounges, adding a touch of comfort to business travel. Cashback rates depend on the statement balance, meaning the more you spend, the higher your cashback, with a 1% cashback rate on both domestic and international expenses.
This card is particularly advantageous for Small and Medium Enterprises (SMEs) due to the exclusive deals it offers on business-related subscriptions and services, including DocuSign, Evernote, Awfis, Amazon Web Services, and Airtel business plans. Overall, the ICICI Bank Business Advantage Black Card is a valuable tool for businesses looking to save on expenses while enjoying additional perks and security features.
- Overview
- ICICI Bank Business Advantage Black Credit Card Fees and Charges
- ICICI Bank Business Advantage Black Credit Card Features and Benefits
- Expense Management and Corporate Services
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- Similar Cards to ICICI Bank Business Advantage Black Credit Card
- ICICI Bank Business Advantage Black Credit Card vs. Axis Bank My Business Credit Card
- ICICI Bank Business Advantage Black Credit Card vs. HDFC Corporate Platinum Credit Card
- Final Thoughts
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Business Credit Card |
| Reward Rate | Earn reward points on every business transaction |
| Joining Fee | ₹1,000 + GST |
| Key Benefits | Rewards on spends, fuel surcharge waiver, insurance coverage |
| Rating | ★★★★☆ (4.5/5) |
ICICI Bank Business Advantage Black Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Annual Fee | Rs 1,000 + GST + GST |
| Finance Charges | 3.4% per month (40.8% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn, with a minimum of ₹300 |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Overlimit Fee | ₹600 |
ICICI Bank Business Advantage Black Credit Card Features and Benefits
Rewards Program
- Earn Reward Points: Accumulate reward points on every business expense, which can be redeemed for travel vouchers, gift cards, and other business-friendly options.
Fuel Surcharge Waiver
- Save on Fuel Costs: Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at all fuel stations in India. This can help businesses manage transportation expenses more effectively.
Insurance Coverage
- Comprehensive Protection: Offers personal accident insurance coverage, as well as insurance for card misuse and fraudulent transactions. This adds a layer of security to business transactions, ensuring peace of mind.
Expense Management Tools
- Detailed Expense Tracking: Provides comprehensive statements and spending reports, making it easier for businesses to track and manage their expenses. This feature helps maintain a clear financial overview and control over company spending.
Zero Liability Protection
- Protection Against Fraud: In the event of a lost or stolen card, the cardholder is not liable for any unauthorized transactions made post-reporting the loss. This security feature adds a layer of protection to corporate finances.
Global Acceptance
- Widely Accepted: Use this card globally at millions of merchant locations and for international transactions, providing flexibility and convenience for businesses operating on a global scale.
Concierge Services
- Dedicated Assistance: Access 24/7 concierge services for travel bookings, dining reservations, and other business needs, enhancing convenience and efficiency in managing corporate activities.
Expense Management and Corporate Services
- Detailed Monthly Statements: Receive clear, comprehensive statements to help manage spending, plan budgets, and maintain financial control.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Business and Corporate Use: Ideal for SMEs and corporate entities looking to optimize expenses and gain rewards on regular business transactions.
- Income Requirements: Specific eligibility criteria will depend on the income and credit profile of the business.
How to Apply?
- Process: Visit the ICICI Bank website or go to the nearest branch. Complete the application form and submit the required documents. Once approved, the card will be issued to the business.
Similar Cards to ICICI Bank Business Advantage Black Credit Card
| Feature | ICICI Bank Business Advantage Black Credit Card | Axis Bank My Business Credit Card | HDFC Corporate Platinum Credit Card |
|---|---|---|---|
| Annual Fee | ₹1500 + GST (waived on spending ₹1,00,000 annually) | ₹999 + GST (waived on spending ₹50,000 annually) | ₹2,499 + GST |
| Reward Rate | Earn points on all business expenses | Rewards on business and personal expenses | 2 Reward Points per ₹150 spent |
| Expense Management | Comprehensive tracking and reporting | Detailed MIS reports and customized solutions | Expense management tools, detailed reports |
| Insurance Coverage | Includes fraud protection and personal accident insurance | Basic insurance coverage | Extensive insurance benefits including travel insurance |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
ICICI Bank Business Advantage Black Credit Card vs. Axis Bank My Business Credit Card
The ICICI Bank Business Advantage Black Credit Card offers a comprehensive rewards program on business expenses, making it a versatile choice for those looking to maximize returns on spending. Meanwhile, the Axis Bank My Business Credit Card provides customized solutions and rewards that cater to both business and personal expenses, which could be ideal for small business owners managing both types of transactions.
ICICI Bank Business Advantage Black Credit Card vs. HDFC Corporate Platinum Credit Card
While the ICICI Bank Business Advantage Black Credit Card focuses on rewards and comprehensive expense management tools, the HDFC Corporate Platinum Credit Card offers extensive insurance benefits and a strong rewards program, which are better suited for large businesses requiring more robust coverage and rewards.
Final Thoughts
- ICICI Bank Business Advantage Black Credit Card is excellent for SMEs and businesses looking for a balance of rewards, security, and expense management.
- Axis Bank My Business Credit Card suits businesses that require flexibility in managing both personal and business expenses.
- HDFC Corporate Platinum Credit Card is ideal for larger corporations needing extensive rewards and comprehensive insurance coverage.
FAQ
What is the annual fee for the ICICI Bank Business Advantage Black Credit Card?
The annual fee is ₹1000 + GST.
How do I earn rewards with the ICICI Bank Business Advantage Black Credit Card?
Earn reward points on every business transaction, redeemable for travel vouchers, merchandise, or statement credit.
Does the ICICI Bank Business Advantage Black Credit Card offer insurance coverage?
Yes, it includes personal accident insurance and coverage against fraudulent transactions.
What are the expense management features of the ICICI Bank Business Advantage Black Credit Card?
The card provides detailed monthly statements and spending reports to help businesses track and manage expenses efficiently.
How do I apply for the ICICI Bank Business Advantage Black Credit Card?
You can apply online through the ICICI Bank website or visit a branch to complete the application process.
