ICICI Bank Business Ascent Card

This business credit card comes with the following features:

Joining Benefit- A bonus of 3,000 Payback points are awarded under the card as joining benefit.

Annual Bonus Benefit- Every year, as the card is renewed, 2,000 Payback points are allowed as an annual reward benefit.

Payback Points- 6 Payback points are allowed for each Rs. 100 that is spent on dining expenses, booking air tickets, making hotel reservations and also for renting cars. 3 Payback points can be earned for each Rs. 100 spent on any other transaction except on fuel, utility bills and insurance premium.

Redemption of Reward Points- When the cardholder accumulates Payback points on card spends, the points can be redeemed on the following –

• Branded merchandise from Calvin Klein, Tommy Hilfiger and other renowned brands
• Gift vouchers of Nautica, Taj Hotels and Resorts, etc.
• AirMiles of Jet Airways Miles and More program
• The points can also be converted to cash wherein one point would be equal to INR 0.25

Privileges Promised by American Express- Since the card is powered by American Express, the cardholder can also enjoy privileges offered by American Express. These privileges include the following –

• Railways lounge access and airport lounge access at selected domestic airports
• Special offers under American Express Select program across dining, travel, shopping and entertainment both within India and abroad

SME Benefits- If SMEs book shared working spaces with ‘Breathing Rooms’, they can avail discounts on their bookings. The discount allowed is Rs. 600 on the first booking and thereafter 20% on the next five bookings made with the card.

Culinary Treats Program- A discount of 15% and above is allowed on dining bills at 2,500+ merchant restaurants tied up with the bank.

Fuel Surcharge Waiver- Up to 1% fuel surcharge waiver on fuel transactions across all petrol pumps in India.

Interest-free Credit Period- The card provides up to 48 days of credit free interest period to pay credit card bills easily.

Payment of Utility Bills– The card can be used for paying utility bills. Users can set standing instruction for utility bills online or by calling the customer support cell.

ExpressPay Payment Technology- The card allows easy payment facilities through ExpressPay technology.

Security- This is a 3D secure card which comes enabled with a Chip and PIN for secured transactions.

The card is available to corporates and SMEs. The actual eligibility criteria depend on the discretion of ICICI Bank and the bank takes the final call on who can avail the card.

Documents Required

Since it is a business credit card, twice the verification will be carried out by the bank. So, the applicants will be required to submit various proofs for them as well as their business. Some of the documents that may be accepted by the bank include:

Applicants will also be required to submit proof of business existence. This may include business registration paperwork, business license, business PAN, etc. The documentation procedure may vary on the basis of the applicant’s profile.

Broadly, there are two ways-

• To apply for ICICI Bank Business Ascent Card, the applicant can visit the nearest branch of the bank and complete the application process.
• Alternatively, the application can also be made through an SMS sent to 5676766. The format of the SMS should be ‘BCARD (space) Pin code_Name of the applicant’.

How can the reward points be redeemed?

To redeem the accumulated reward points, the cardholder should call the Payback customer care department or ICICI Bank’s customer care department. The number for Payback’s customer care department is 1860 258 5000 and calls are entertained between 10 am and 9 pm. ICICI Bank can be contacted any time on its toll-free number 1800 103 8181. Alternatively, cardholders can also make an online redemption request at www.payback.in.

What offers are available on American Express Select program?

The offers on American Express Select program varies from time to time. To check the latest offers, cardholders can visit this page.

How are credit card statements communicated to cardholders?

The credit card statements are generated and communicated to cardholders on their registered email IDs and also through SMS alerts on their registered mobile numbers.