ICICI Bank
Times Black ICICI Bank Credit Card
Travel
Premium
Shopping
1st Year Fee: ₹20,000* Plus Applicable Taxes
Rewards
Up to 2.5% reward points on card spends
Lounge Access
Unlimited international & domestic lounge visits
International Use
Low forex mark-up fee & exclusive travel offers
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About Times Black ICICI Bank Credit Card
Times Black ICICI Bank Credit Card is a metal card co-branded with Times Internet Ltd. Catering to the lifestyle needs of the premium segment, the card lets the users elevate their lifestyle and travel experiences while availing exclusive services. At an annual fee of Rs. 20,000, it offers some high-end benefits like unlimited lounge access, milestone rewards worth up to Rs. 70,000, and other lifestyle benefits, including, but not limited to, the lifestyle management service called CribLife, exclusive access to events, dining discounts, and offers on travel and shopping.
Though these features are expected from a high annual fee card, the major value back of this card comes from its annual and milestone benefits.
Rewards & Travel Benefits
- 2% Reward Points: On all domestic spends
- 2.5% Reward Points: On international spends (adjusted to 1% after a low forex mark-up fee of 1.49%)
- Up to 6X rewards on flight bookings, 6X on vouchers, and 12X on hotel bookings via ICICI Bank’s iShop portal (12% reward rate on flights/vouchers and 24% reward rate on hotel bookings)
- Capping 1: The combined reward points earned via spends made on utilities, insurance premium, education, and government payments like house and advance tax, fines, court and postal payments, etc. are capped at 5,000 reward points per month.
- Redemption Fee: Nil
- Rewards Redemption: 1 Reward Point = Up to Rs. 1 for products and vouchers, while 1 Reward Point = Rs. 0.40 for cashback
- Low Forex Fee: 1.49% forex mark-up charges
- Concierge Services: 24×7 international and domestic concierge services2
- Lounge Access: Unlimited complimentary international and domestic airport lounge access
Suggested Read: International lounge access credit cards
Other Features & Benefits
Welcome & Renewal Benefits3:
Redeem the following joining benefits via the Times Black app up to 1 year from the date you receive the e-mail with their details:
- EaseMyTrip gift card for luxury stay worth Rs. 10,000
- Travel Visa benefits via Atlys and OneVasco worth Rs. 10,000
- Toni&Guy and Interflora lifestyle gift cards worth Rs. 4,000
- Zomato Gold annual membership
- Access to The Quorum Club
Milestone Benefits:
- On Rs. 2 lakh annual spends: International experiences and activities by Klook worth Rs. 10,000
Times Black ICICI Bank Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Rs. 20,000 + applicable taxes | ||||||||||||||||
| Finance Charges | 3.67% p.m. (44% p.a.) | ||||||||||||||||
| Forex Mark-up Fee | 1.49% + applicable taxes | ||||||||||||||||
| Cash Advance Fee | Nil | ||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Consider this card if:
You are willing to pay a high-annual fee
You own other credit cards with lifetsyle benefits around movies, golf
You can plan your spends around the associated brands for maximum benefits
You can travel and shop via iShop for accelerated rewards
Other Similar Cards:
HDFC Diners Club Black
ICICI Emeralde Credit Card
Axis Bank Magnus Credit Card
Paisabazaar Review
What do we like about this card?
With a decent rate, the card includes some often restricted categories in the rewards program. Unlike most cards that offer the milestone benefits on one or two spend thresholds, this card gives users an opportunity to earn it five times (including an annual fee waiver). Additionally, the activation and renewal benefits surpass the card fee by a wide margin.
Pros
- Welcome benefits are valid for redemption for a year
- Accelerated rewards, offers and complimentary vouchers for travel
- Multiple milestone benefits worth Rs. 70,000
- No cash withdrawal charges
- Inclusion of utilities, insurance and often excluded categories in the reward program
- 1:1 redemption against product/voucher
Cons
- Low rewards redemption value for cashback redemption
- No redemption against miles conversion
- Milestone Benefits are brand-specific
- Limited Lifestyle Benefits
Conclusion
Though annual and milestone benefits on the card are good, they are mostly brand-centric. While this may be restricting for some users, for consumers with matching brand preferences, this can be a good add-on. Beyond these, the card offers a slightly lower general reward rate than other premium cards like HDFC Diners Club that offer 3.33% at a lower annual fee of Rs. 10,000. However, the inclusive rewards program and accelerated return via iShop compensates for this difference. Plus, except for the miles conversion, consumers get multiple options to redeem their reward points—product/voucher and cash. For frequent travelers, the card holds in store some high-end perks like rewards on travel and a low forex markup fee.
Frequently Asked Questions
Everything you need to know about this credit card
Yes, Times Black ICICI Credit Card offers unlimited access to both domestic and international airport lounges.
Times Black ICICI Credit Card charges a foreign exchange transaction fee of 1.49% on all international spends.
You can apply online for Times Black ICICI Credit Card by visiting the official bank’s website. You can also contact your Relationship Manager in case you are an existing ICICI bank customer.
Some of the key Times Black ICICI Credit Card benefits include up to 2.5% reward points earnings on card spends, unlimited access to airport lounges, milestone benefits worth up to Rs. 50,000, spend-based annual fee waiver, and other discount vouchers on top brands and experiences.
Footnotes
- Exclusion from rewards program: fuel and rent
- To avail, contact the i-Assist team by calling on 1800 26 70731 (toll free for MTNL/BSNL) or 022 6787 2016
- Subject to payment of joining/annual fee
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
