The ICICI Bank Corporate Platinum Credit Card is a premium offering tailored for corporate employees and businesses that seek to streamline their expenses while enjoying exclusive benefits. This card is designed to provide a range of features, including travel perks, comprehensive expense management tools, and attractive rewards on business spending. With its focus on simplifying financial operations and enhancing the travel experience, the ICICI Bank Corporate Platinum Credit Card is an ideal choice for corporate professionals and companies aiming to manage their finances efficiently.
- Overview
- ICICI Bank Corporate Platinum Credit Card Fees and Charges
- ICICI Bank Corporate Platinum Credit Card Benefits
- Rewards
- ICICI Bank Corporate Platinum Credit Card Usage
- Airport Lounge Access
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- ICICI Bank Corporate Platinum Credit Card Review
- Similar Cards to ICICI Bank Corporate Platinum Credit Card
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Corporate Credit Card |
| Reward Rate | 1 Reward Point per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 when redeemed |
| Joining Fee | Nil |
| Unique Selling Points | Comprehensive expense management, travel perks, global acceptance |
| Rating | ★★★★☆ (4.3/5) |
ICICI Bank Corporate Platinum Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| 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| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,200 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹400 and ₹4,000 |
ICICI Bank Corporate Platinum Credit Card Benefits
Comprehensive Expense Management
- Detailed Expense Tracking: Track and manage your corporate expenses efficiently with detailed monthly statements, helping you maintain financial control.
- Expense Reporting: Simplified expense reporting through integrated tools, making it easier to monitor spending and stay within budget.
Rewards Program
- 1 Reward Point per ₹100 Spent: Earn 1 Reward Point for every ₹100 spent on business-related expenses, including travel, dining, and office supplies.
- Flexible Redemption: Redeem Reward Points for a variety of options, including gift vouchers, merchandise, or air miles through the ICICI Bank rewards catalog.
Travel Perks
- Airport Lounge Access: Complimentary access to select airport lounges across India, offering comfort and convenience to frequent business travelers.
- Travel Insurance: Enjoy complimentary travel insurance, including coverage for travel accidents, lost baggage, and flight delays, providing peace of mind during business trips.
Security and Protection
- EMV Chip Security: Enhanced security with an EMV chip, protecting your card from fraud and unauthorized transactions.
- Zero Liability on Lost Card: If your card is lost or stolen, report it immediately to avoid liability for any fraudulent transactions.
Fuel Surcharge Waiver
- Fuel Benefits: Get a 1% waiver on fuel surcharge on transactions between ₹400 and ₹4,000, with a maximum waiver of ₹250 per billing cycle.
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| Business Expenses | 1 Reward Point per ₹100 spent |
| Other Purchases | 1 Reward Point per ₹100 spent |
Redemption
- Gift Vouchers and Merchandise: Redeem Reward Points for a variety of gift vouchers, merchandise, or air miles through the ICICI Bank rewards catalog.
- Travel and Dining: Use Reward Points for travel bookings and dining offers, adding value to your business-related expenses.
ICICI Bank Corporate Platinum Credit Card Usage
- Business and Personal Expenses: Use the ICICI Bank Corporate Platinum Credit Card for both business and personal expenses, maximizing rewards and benefits on all your spending.
- Bill Payments: Pay your utility bills, mobile recharges, and other regular expenses using the ICICI Bank Corporate Platinum Credit Card and earn Reward Points on every transaction.
Airport Lounge Access
The ICICI Bank Corporate Platinum Credit Card offers complimentary access to select airport lounges across India, providing a comfortable travel experience for corporate cardholders.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Age: 21 to 65 years.
- Income: Minimum annual income of ₹5 lakh.
- Corporate Status: Available to corporate employees, self-employed professionals, and businesses.
How to Apply?
Online Application
- Visit the ICICI Bank website or contact your corporate HR department.
- Complete the application form with your corporate and personal details.
- Submit the required documents for verification.
- If eligible, you’ll receive approval, and the card will be delivered to your address.
ICICI Bank Corporate Platinum Credit Card Review
Editor’s Rating
- Benefits: 4.3/5
- Fees: 4.5/5
- Customer Service: 4.2/5
Summary
The ICICI Bank Corporate Platinum Credit Card is a robust financial tool for corporate employees and businesses looking to manage their expenses effectively while enjoying a range of benefits. With 1 Reward Point per ₹100 spent and perks like complimentary airport lounge access and travel insurance, this card offers excellent value for frequent travelers and those managing significant business expenditures. The card’s expense management tools and detailed statements make it easier to track spending and ensure that your corporate finances are under control. While it may lack the high reward rates of some premium cards, the ICICI Bank Corporate Platinum Credit Card provides a balanced offering of rewards, travel perks, and financial management features.
Pros and Cons
| Pros | Cons |
|---|---|
| 1 Reward Point per ₹100 spent on business expenses | Foreign transaction fee of 3.5% + GST |
| Complimentary airport lounge access | Lower reward rate compared to some premium corporate cards |
| No joining or annual fees | Limited premium features compared to high-end corporate credit cards |
| Expense management tools and detailed statements | No cashback option for Reward Points |
Similar Cards to ICICI Bank Corporate Platinum Credit Card
| Feature | ICICI Bank Corporate Platinum Credit Card | SBI Platinum Corporate Credit Card | HDFC Business MoneyBack Credit Card |
|---|---|---|---|
| Annual Fee | Nil | ₹499 + GST (waived on spending ₹2 lakh annually) | ₹500 + GST (waived on spending ₹50,000 annually) |
| Reward Rate | 1 Reward Point per ₹100 spent | 2 Reward Points per ₹100 spent | 2 Reward Points per ₹150 spent |
| Airport Lounge Access | Yes, complimentary access to select lounges | Yes, complimentary access to select lounges | No |
| Eligibility | Available to corporate employees and business owners | Available to corporate employees and business owners | Available to self-employed professionals and business owners |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
SBI Platinum Corporate Credit Card vs ICICI Bank Corporate Platinum Credit Card
The SBI Platinum Corporate Credit Card offers a higher reward rate with 2 Reward Points per ₹100 spent and similar travel benefits, including airport lounge access. However, the ICICI Bank Corporate Platinum Credit Card’s zero joining and annual fees, combined with its comprehensive expense management tools, may make it more appealing to companies seeking cost-effective solutions.
HDFC Business MoneyBack Credit Card vs ICICI Bank Corporate Platinum Credit Card
The HDFC Business MoneyBack Credit Card offers a cashback option via Reward Points and a higher reward rate for general spending. However, the ICICI Bank Corporate Platinum Credit Card’s travel perks and expense management features provide more value for corporate users who frequently travel or need detailed expense reporting.
FAQ
What is the annual fee for the ICICI Bank Corporate Platinum Credit Card?
The ICICI Bank Corporate Platinum Credit Card has no annual fee, making it a cost-effective option for corporate employees and businesses.
How do I earn rewards with the ICICI Bank Corporate Platinum Credit Card?
You earn 1 Reward Point for every ₹100 spent on business-related expenses. These points can be redeemed for gift vouchers, merchandise, or air miles through the ICICI Bank rewards catalog.
Does the ICICI Bank Corporate Platinum Credit Card support international transactions?
Yes, the card supports international transactions with a foreign transaction fee of 3.5% + GST.
How do I manage my ICICI Bank Corporate Platinum Credit Card account?
You can manage your card through the ICICI Bank net banking portal or the iMobile app, which offers real-time tracking, spending insights, and easy redemption of rewards.
Are there any hidden fees with the ICICI Bank Corporate Platinum Credit Card?
No, the ICICI Bank Corporate Platinum Credit Card has no hidden fees, and all charges are transparently communicated through the bank’s official channels.
