ICICI Bank Cashback Black Card

Several benefits can be availed on ICICI Bank Cashback Black Card which includes-

Cash Back on Business Expenses- The highlight of the card is that it offers cash back on different transactions made through the card. The cash back is offered on aggregate spending. The more the amount spent the higher the cash back. Besides allowing cash back on business expenses, users can also avail cash back when credit card bills are paid.

Cash Back on Domestic Spends- If the card is used for transacting within India, the cash back earned on the card would depend on the total balance in the credit card statement. If the balance is up to Rs. 75,000, cash back allowed would be up to 1%. If, however, the balance of the credit card statement is between Rs. 25,000 and Rs. 50,000, cash back would be reduced to 0.5%.

Cash Back on International Spends- If the card is used to pay for international transactions; the cash back would be higher. The cash back rate for international spends is 1% for statement balance of Rs. 25,000 to Rs. 50,000. For statement balance of more than Rs. 75,000, the cash back rate is again 1%.

Maximum Cash Back- Cardholders can earn a maximum cash back of Rs. 2,000 in one month on spending on airline, hotels and restaurants.

Contactless Card- ICICI Bank Cashback Black Card is a contactless credit card. The card has Visa Paywave technology which allows quick yet secured payments. For making contactless payments, the cardholder would just have to tap the card and the payment would be made. Contactless transactions do not require PIN and allow transactions for up to Rs 2,000 to be paid by just tapping the card.

Concierge Services- The bank provides a team of expert professionals to arrange for concierge services to the cardholder round the clock. Through the concierge service, the cardholder can make reservations or bookings for various services.

Culinary Treats- ICICI Bank offers the Culinary Treats Program wherein cardholders can enjoy a minimum of 15% discount on their dining bills across more than 2,500 restaurants.

Insurance Cover- The card offers free insurance coverage against accidental deaths when flying. Coverage is allowed for up to Rs. 75 lakhs.

The table below shows the fees and charges associated with this credit card-

Fee/Charge	Amount/Rate
Joining Fee	Rs. 1,500
Annual Fee	Rs. 1,500
Interest on Revolving Credit and Cash Advances	3.50% per month or 42% per annum
Foreign Currency Transaction Fee	Mark-up of 3.50%
Cash Advance Fee	2.5% subject to a minimum of Rs. 300
Over-limit Fee	2.50% of the over-limit amount subject to a minimum of Rs. 500
Payback Reward Redemption Fee	Rs. 25
Late Payment Fee	Less than Rs. 100- None From Rs. 100 to Rs. 500- Rs. 100 From Rs. 500 to Rs. 10,000- Rs. 500 From Rs. 10,000 to Rs. 20,000- Rs. 600 More than Rs. 20,000- Rs. 700

The eligibility parameters for ICICI Bank Cashback Black Card are fixed by ICICI Bank. The card is offered to corporate clients of the bank and the issuance of the card depends on the bank’s approval.

Documents Required

ICICI Bank would require the applicants to furnish documents supporting the identity and address of the applicant as well as the business. The proof of income, however, will be the same for both. Following documents may be accepted by the bank:

Proof of Identity for Applicant	Proof of Address for Applicant
PAN Card Aadhaar Card Voter’s ID Card Driving License Passport Any other government-approved photo ID proof	Aadhaar Card Passport Driving License Ration Card Voter’s ID Card Any other government-approved address proof

Proof of Income

For proof of income of the applicant and business, the bank may accept the following documents-

• Profit and loss statement
• Balance sheet
• Acknowledged ITR
• Bank statement

There are two ways of applying for ICICI Bank Cashback Black Card which are as follows –

• Branch visit – Applicants can visit the branches of the bank to apply
• SMS – Applicants can SMS ‘BCARD (space)Pin Code_Name of the customer’ to 5676766

Are there charges for late payment?

Yes, there are late payment charges if the credit card bill is not cleared within the due date. The charges are applicable if the bill is more than Rs. 100. The actual charge would depend on the outstanding balance on the card.

How to contact ICICI Bank for any query?

Customers can contact the bank by requesting a callback, writing to it, sending an email or through the bank’s toll-free number.

Do I need to provide documents for my business?

Yes. Business documents will also be required by ICICI Bank to verify the information provided by you in the application form.