ICICI Bank
Times Black ICICI Bank Credit Card
This is an invite only card
Top Benefits
Enjoy Unlimited Domestic And International Airport Lounge
Access via Priority Pass across 1,400+ lounges in 145+ countries for both primary and add-on cardholders
Earn 2% Reward Points On Domestic Spends And 2.5%
On International Spends on eligible transactions using the card
Best For
Shopping
Dining
Travel
The Times Black ICICI Bank Credit Card is a premium offering built specifically for high earners who ...
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The Times Black ICICI Bank Credit Card is a premium offering built specifically for high earners who ...
The Times Black ICICI Bank Credit Card is a premium offering built specifically for high earners who want top-tier luxury, travel perks, and strong reward rates. This card directly targets individuals with a monthly income of at least Rs. 2,00,000, offering a massive suite of welcome benefits that easily offset its high initial cost. With complimentary luxury resort stays, premium gift vouchers, and an exceptional 2.5% reward value on international spends, it stands out as a heavy hitter in the super-premium category.
What makes this card unique is its sheer volume of upfront lifestyle benefits. Instead of just giving you points when you sign up, it hands you actual luxury experiences, like a Rs. 20,000 stay at Ayatana Resorts and a Rs. 10,000 Tata CLiQ Luxury voucher. If you spend heavily on travel and luxury brands, this card provides clear, immediate value. It also offers unlimited airport lounge access for both primary and add-on cardholders, making family travel incredibly comfortable.
View FAQ
Commonly Asked Questions
Is the Times Black ICICI Bank Credit Card lifetime free?
No, this card is not lifetime free. It comes with a joining fee of Rs. 20,000 and an annual renewal fee of Rs. 20,000, though the annual fee can be waived if you meet specific spending targets.
Who should apply for this credit card?
This card is perfect for high-income earners taking home at least Rs. 2,00,000 per month who frequently travel abroad, stay in luxury hotels, and shop at premium retail brands.
What is the standout feature of this card?
The standout feature is the massive welcome package, which includes an EaseMyTrip voucher worth Rs. 10,000, an Ayatana Resorts stay worth Rs. 20,000, and unlimited Priority Pass lounge access.
Is this a good first credit card?
No, this is a super-premium card requiring a high income and a minimum credit score of 750. It is best suited for experienced credit card users with established, high-volume spending habits.
Expert Review
The Times Black ICICI Bank Credit Card is an unapologetic luxury product. In my experience reviewing credit cards, very few cards hand out Rs. 50,000 worth of lifestyle and travel vouchers on day one just for paying a Rs. 20,000 joining fee. If you are someone who frequently uses premium salons like Toni&Guy, buys from Tata CLiQ Luxury, and enjoys high-end resorts like Ayatana, this card practically pays you to own it in the first year. The unlimited domestic and international lounge access for both primary and add-on cardholders is another massive win for family travelers.
However, I have one major criticism: the Rs. 25 lakh annual fee waiver threshold is incredibly steep. Asking a cardholder to spend over Rs. 2 lakhs a month just to waive the Rs. 20,000 fee is a high target, especially when competitors offer lower waiver targets. Additionally, the sheer volume of exclusions—ranging from rent to utility bills to education fees—means you cannot rely on big mandatory household expenses to hit that Rs. 25 lakh target. You must spend that money on retail, travel, and lifestyle.
Overall, this card suits high-earning jet-setters who naturally spend heavily on luxury without thinking about category exclusions. If you are a budget-conscious optimizer looking for cashback on groceries and utility bills, stay far away from this card.
Joining / Annual Fee
Joining Fees
₹23,600 ( ₹20000 + GST )
Annual Fees
₹23,600 ( ₹20000 + GST )
Premium benefits come with a premium price tag. The Times Black ICICI Bank Credit Card charges a subs...
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Premium benefits come with a premium price tag. The Times Black ICICI Bank Credit Card charges a subs...
Premium benefits come with a premium price tag. The Times Black ICICI Bank Credit Card charges a substantial joining fee of Rs. 20,000 plus applicable taxes. There is no direct waiver or offset mechanism for this initial fee; however, the welcome benefits—such as the Rs. 20,000 Ayatana stay and the Rs. 10,000 EaseMyTrip voucher—provide immediate value that far exceeds this cost.
From the second year onward, you will be charged an annual renewal fee of Rs. 20,000. Fortunately, the bank offers a generous fee waiver policy for heavy spenders. The annual fee is entirely waived if you spend Rs. 25 lakh or more on your card in the preceding year. For example, to hit the Rs. 25 lakh milestone, you need to route approximately Rs. 2,08,333 through your card every month. If you achieve this, you enjoy all the luxury perks for the next year absolutely free.
View FAQ
Commonly Asked Questions
What is the exact joining fee for this card?
The joining fee is Rs. 20,000, and this amount is subject to applicable Goods and Services Tax (GST).
Can the Rs. 20,000 joining fee be waived?
No, there is no waiver available for the initial joining fee. You must pay it when the card is issued.
What is the annual fee from the second year?
The card charges an annual renewal fee of Rs. 20,000 plus taxes from the second year onwards.
How can I get the annual fee waived?
The annual fee is waived if you spend Rs. 25 lakh or more in a year on your card, as per bank policy.
Do rent payments count toward the Rs. 25 lakh waiver milestone?
Transactions in excluded categories, such as rent, insurance, or wallet loads, do not count toward your annual Rs. 25 lakh spending milestone.
What happens if I spend Rs. 24 lakhs in a year?
If you fall short of the Rs. 25 lakh requirement by even a small amount, you will be charged the full Rs. 20,000 annual fee on your renewal date.
Is the fee waiver based on calendar year or card anniversary?
The spending threshold is calculated based on your card anniversary year, which is 12 months from the date of card issuance.
Will I get the welcome vouchers again when I pay the renewal fee?
The Rs. 10,000 EaseMyTrip voucher and luxury stay vouchers are joining benefits and do not renew annually.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
24LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Securing the Times Black ICICI Bank Credit Card requires a strong financial profile. The bank has str...
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Securing the Times Black ICICI Bank Credit Card requires a strong financial profile. The bank has str...
Securing the Times Black ICICI Bank Credit Card requires a strong financial profile. The bank has strict guidelines to ensure only high-net-worth individuals access these premium benefits. The minimum age to apply is 21 years, and the maximum age allowed at the time of application is 65 years. This age bracket applies to both salaried professionals and self-employed individuals.
The income requirement is where this card filters its audience. You must have a minimum annual income of Rs. 24 lakhs. This translates to a monthly income of Rs. 2,00,000. Whether you run your own business or work in a corporate role, you must provide documentation proving this income level. Additionally, a strong credit history is mandatory. The bank requires a minimum CRIF or CIBIL score of 750 to approve your application. For example, if you earn Rs. 2.5 lakhs a month but have a credit score of 680 due to past defaults, your application will likely be rejected.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 21 years old to apply for the Times Black ICICI Bank Credit Card.
What is the maximum age limit for applicants?
The maximum age limit to apply for this credit card is 65 years.
What is the minimum salary required for salaried employees?
Salaried individuals must have a minimum annual income of Rs. 24 lakhs, which equals Rs. 2,00,000 per month.
What is the income requirement for self-employed applicants?
Self-employed professionals and business owners must also demonstrate a minimum annual income of Rs. 24 lakhs.
What credit score do I need for approval?
You need a minimum CRIF or CIBIL score of 750 to be eligible for this card. A clean credit history is essential.
Can I apply if my salary is Rs. 1.5 lakhs per month?
No, you will not meet the eligibility criteria. The strict minimum requirement is Rs. 2,00,000 per month.
Do I need an existing ICICI Bank account to apply?
An existing banking relationship is not mandatory, though it frequently speeds up the approval process.
Can a student apply for this card?
No, given the massive income requirement of Rs. 24 lakhs annually, students generally cannot qualify for this card as primary account holders.
All Card Benefits
- Unlimited domestic and international airport lounge access via Priority Pass for primary and add-on cardholders
- Earn 2% reward points on domestic spends and 2.5% on international spends
- 1.49% forex markup on international transactions with zero cash advance charges
- Air accident insurance cover of ₹3 crore on eligible international travel
- Welcome benefits worth over ₹25,000 including luxury stay voucher, travel visa benefits, Zomato Gold and lifestyle gift cards
Welcome and Lifestyle Benefits
The moment you activate this card, you receive an exceptional packa...
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Welcome and Lifestyle Benefits The moment you activate this card, you receive an exceptional packa...
Welcome and Lifestyle Benefits
The moment you activate this card, you receive an exceptional package of welcome and lifestyle gifts. You get an EaseMyTrip luxury stay gift voucher worth Rs. 10,000 just as a joining benefit. Beyond that, the card offers exclusive access to The Quorum Club and lifestyle management services from CribLife with six unique offerings.
For shopping and pampering, you receive a Tata CLiQ Luxury Gift Card worth Rs. 10,000, along with lifestyle gift cards from Toni&Guy and Interflora worth another Rs. 10,000. You also get a one-night luxury stay at Ayatana Resorts valued at Rs. 20,000. For example, if you pay the Rs. 20,000 joining fee, you immediately receive over Rs. 50,000 in physical value through these vouchers alone, putting you in profit from day one.
Travel and Flight Benefits
Frequent flyers get significant utility out of this card. You receive up to Rs. 12,000 in waivers for cancellation charges on domestic flight bookings. Additionally, it covers travel visa benefits through Atlys and OneVasco worth Rs. 4,000. For international explorers, it opens doors to unique international experiences curated by Klook.
The card also covers your ground transit. You get luxury airport transfers via BLADE India, Avis, or Indian Travel House worth Rs. 10,000. For example, if you book a family vacation and suddenly need to cancel your domestic flights, the card covers up to Rs. 12,000 in cancellation penalties, saving you from taking a complete loss on non-refundable tickets.
Airport Lounge Access
Lounge access on the Times Black ICICI Bank Credit Card is entirely unrestricted. You get unlimited domestic airport lounge access and unlimited international lounge access via Priority Pass. The best part is that these unlimited benefits apply to both the primary cardholder and add-on cardholders.
For example, if you travel internationally six times a year with your spouse (who holds an add-on card), you both get free lounge access every single time. At an average cost of Rs. 3,000 per international lounge visit, 12 total visits save you Rs. 36,000 annually, completely removing the stress of airport layovers.
Dining and Fuel Surcharge Benefits
Food lovers receive a complimentary Zomato Gold membership voucher. This allows you to enjoy free deliveries and extra discounts at partner restaurants, depending on Zomato's current terms and validity rules.
For drivers, the card offers a standard 1% fuel surcharge waiver. The maximum waiver you can get is Rs. 1,000 per statement cycle. For example, if you spend Rs. 15,000 on petrol in a month, you would normally pay a Rs. 150 surcharge. This card waives that fee entirely, leaving more money in your pocket.
Reward Points Structure
The Times Black ICICI Bank Credit Card offers a straightforward and highly lucrative reward structure. You earn a flat 2.5% reward value on all international spends and a 2% reward value on all domestic spends. This high earning rate ensures that every purchase brings substantial value back to you.
Let us look at a practical example. If you spend Rs. 2,00,000 on domestic shopping in a month, you earn rewards equivalent to Rs. 4,000. If you spend Rs. 1,00,000 during an international trip, you earn rewards equivalent to Rs. 2,500. Over a year, heavy spenders can easily accumulate tens of thousands of rupees in reward value simply through regular usage.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must pay the joining fee and make a minimum transaction of Rs. 100 within 30 days to activate the card. Otherwise, you will not be eligible for the rewards.
What is the exact value of the EaseMyTrip voucher?
The card provides an EaseMyTrip gift card specifically for luxury stays valued at exactly Rs. 10,000.
Can I use the Ayatana Resorts voucher anytime?
The one-night luxury stay at Ayatana Resorts worth Rs. 20,000 is subject to the resort's booking availability and specific voucher terms. Blackout dates apply during peak holiday seasons like December and national festivals.
Do I get the Tata CLiQ voucher every year?
The Tata CLiQ Luxury Gift Card worth Rs. 10,000 is a one-time welcome benefit provided upon card activation and payment of the joining fee.
What does the CribLife benefit include?
You receive lifestyle management services from CribLife that include six exclusive offerings. This acts like a premium concierge service to help manage travel and reservations.
Does this card offer free flight tickets?
No, the card does not offer free flight tickets. However, it covers domestic flight cancellation charges up to Rs. 12,000.
How do the airport transfer benefits work?
You receive luxury airport transfers via BLADE India, Avis, or Indian Travel House worth up to Rs. 10,000. You need to book through the designated bank concierge or portal.
Are visa application fees completely free?
You get travel visa benefits with Atlys and OneVasco worth Rs. 4,000. If your visa costs Rs. 6,000, the benefit covers the first Rs. 4,000, and you pay the balance.
Does this card offer railway booking benefits?
No, this card does not offer any benefits, waivers, or rewards for railway bookings.
Does it cover international flight cancellations?
No, the cancellation charge waiver of up to Rs. 12,000 applies strictly to domestic flight bookings.
How many lounge visits do I get per year?
You receive absolutely unlimited domestic and international lounge visits throughout the year without any quarterly caps.
Do my family members get free lounge access?
Yes, if you issue add-on cards to your family members, they also receive unlimited domestic and international lounge access via Priority Pass.
How do I access international lounges?
International lounge access is provided through the complimentary Priority Pass membership that comes with this card. You must present your Priority Pass card at the lounge.
Are railway lounges included?
No, this card does not offer any benefits for railway lounge access.
Do I need to spend a minimum amount to access lounges?
This card offers truly unlimited access without any minimum monthly or quarterly spend requirements to maintain the lounge benefit.
Is the Zomato Gold membership valid for life?
No, the Zomato Gold membership is provided as a complimentary voucher. The membership is valid for 12 months from the date of activation.
Does this card give discounts on movie tickets?
No, this card does not offer any movie or entertainment benefits.
How much can I save on fuel surcharges?
You can save a maximum of Rs. 1,000 per statement cycle through the 1% fuel surcharge waiver.
Do I earn reward points on dining through Zomato?
Yes, regular dining and Zomato food delivery payments earn standard domestic reward points, provided they do not fall under any specific exclusion category.
Can I use the fuel surcharge waiver at any petrol pump?
The 1% fuel surcharge waiver applies across all petrol pumps in India for transactions between Rs. 400 and Rs. 5,000.
What is the reward rate for domestic purchases?
You earn an effective reward value of 2% on all eligible domestic transactions made with this card.
What is the reward rate for international purchases?
You earn an accelerated effective reward value of 2.5% on all eligible international spends.
Do I earn reward points on fuel purchases?
No, fuel spends are strictly excluded and do not earn any reward points on this card.
Will I earn points if I pay my child's school fees?
No, education spends are part of the bank's exclusion list. You will not earn any rewards for school or college fee payments.
Do I get rewards for paying my utility bills?
No, utility bill payments like electricity, water, and gas are excluded from earning reward points.
Do EMI transactions earn reward points?
No, if you convert a purchase into an EMI, that transaction is excluded from the reward points program.
Is there a cap on how many reward points I can earn?
There is no upper limit on the total reward points you can accumulate in a month or year.
Do I earn points when I load money into a wallet like Paytm?
No, wallet transactions and load money transactions are explicitly excluded from earning rewards.
What happens to the points if a transaction is reversed?
If a merchant refunds or reverses a transaction, any reward points you earned on that specific purchase will be deducted from your account.
Are government tax payments eligible for rewards?
No, government-related transactions, including tax payments, do not earn any reward points.
Milestone Benefits
Voucher Benefit(Worth ~ ₹10,000)
Spend ₹2,00,000 in 365 days
0 reward points(Worth ~ ₹0)
Spend ₹5,00,000 in 365 days
Voucher Benefit(Worth ~ ₹10,000)
Spend ₹10,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.40
Redemption Options
- Travel
- Lifestyle
- Electronics Via iMobile and Internet Banking
To check redemption catalogue
The Times Black ICICI Bank Credit Card provides a flexible redemption system that lets you extract va...
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The Times Black ICICI Bank Credit Card provides a flexible redemption system that lets you extract va...
The Times Black ICICI Bank Credit Card provides a flexible redemption system that lets you extract value exactly how you prefer. You manage all your points through the bank's dedicated rewards portal: https://www.rewards.icicibank.com/portal/. The redemption options include physical products, brand vouchers, and direct cashback to your statement via the app or portal.
Understanding the conversion rate is critical to maximizing your value. 1 Reward Point is worth up to Rs. 1 when redeemed for vouchers or products from the catalogue. However, if you choose the direct cashback option, 1 Reward Point equals Rs. 0.40. For example, if you have accumulated 10,000 reward points, you can exchange them for a Rs. 10,000 shopping voucher, which is an excellent return. If you prefer hard cash credited to your card statement, those same 10,000 points will give you Rs. 4,000. It is almost always better to redeem for vouchers to retain maximum value.
View FAQ
Commonly Asked Questions
How do I redeem my reward points?
You can redeem your points by logging into the dedicated portal at https://www.rewards.icicibank.com/portal/ or through the bank's mobile app.
What is the rupee value of 1 Reward Point?
1 Reward Point is worth up to Rs. 1 when used for vouchers and products, but drops to Rs. 0.40 if you redeem it for statement cashback.
Which redemption option gives me the best value?
Redeeming points for brand vouchers or products gives you up to Rs. 1 per point, making it far more valuable than the Rs. 0.40 cashback rate.
Is there a fee for redeeming my reward points?
Yes, the bank charges a flat reward redemption fee of Rs. 100 every time you process a redemption request.
Can I use my points to pay my credit card bill?
Yes, you can select the cashback option on the app or portal to adjust the points against your outstanding statement, though at a lower conversion rate.
Do my reward points expire?
Reward points on this super-premium card do not expire as long as the credit card account remains active and in good standing.
What happens to my points if I cancel the card?
Unredeemed reward points are forfeited upon card closure. You should redeem all your points before submitting a cancellation request.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Cash Advances
Bank Charges & Fees
Interest Charges
Goods & Services Tax (GST)
EMI Spends
Transactions that are reversed
Rent Payment
Jewellery Purchases
Education Spends
Government-related Transactions
Wallet transactions
Load Money
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
For Spends Waiver
Fuel Spends
Cash Advances
Bank Charges & Fees
Interest Charges
Goods & Services Tax (GST)
EMI Spends
Transactions that are reversed
Rent Payment
Insurance Payments
Jewellery Purchases
Education Spends
Government-related Transactions
Wallet transactions
Load Money
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
To avoid unpleasant surprises, you must understand exactly which transactions the bank restricts. The...
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To avoid unpleasant surprises, you must understand exactly which transactions the bank restricts. The...
To avoid unpleasant surprises, you must understand exactly which transactions the bank restricts. The Times Black ICICI Bank Credit Card explicitly excludes a massive list of spend categories from earning reward points. You will earn absolutely zero rewards on Fuel Spends, Cash Advances, Rent Payments, Jewellery Purchases, Education Spends, and Government-related Transactions. Additionally, loading money into wallets, toll payments, insurance payments, charity, utility bill payments, and railways are entirely excluded from the rewards program.
Let us look at the real-world impact. If you pay your child's annual school fee of Rs. 2,00,000 using this card, you earn zero reward points. If you use the card to pay Rs. 40,000 in monthly house rent, not only do you earn zero points, but you also pay a 1% convenience fee on the transaction. You must strictly use this card for travel, dining, lifestyle shopping, and general retail to reap its 2% and 2.5% reward benefits. Additionally, EMIs, bank charges, and balance transfers yield no points.
View FAQ
Commonly Asked Questions
Does paying rent with this card earn reward points?
No, rent payments are strictly excluded from earning any reward points. You will also be charged a 1% fee on the rent amount.
Will I earn rewards if I buy gold jewellery?
No, jewellery purchases are placed on the exclusion list and will not generate any reward points.
Are insurance premium payments excluded from rewards?
Yes, insurance payments are classified as excluded spends and do not earn any reward points on this card.
Do I get points for adding money to my Paytm wallet?
No, wallet transactions and load money activities are explicitly excluded from the rewards program.
Are utility bill payments like electricity excluded?
Yes, utility bill payments are excluded from earning reward points.
What happens if I convert a large purchase into an EMI?
EMI spends are excluded from rewards. If you convert a Rs. 50,000 television purchase into an EMI, you forfeit the points you would have earned.
Do I get points for booking train tickets?
No, railway transactions are excluded from rewards, and you will also incur a booking surcharge of up to 2.50%.
Are charity donations eligible for rewards?
No, transactions made for charity are excluded from the reward points program.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  1.49% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 1.49% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid. | 3.75% |
ATM withdrawal No ATM withdrawal fee for Times Black ICICI Bank Credit Card. | Not Applicable |
Reward Redemption Fees No reward redemption fee is applicable for Times Black ICICI Bank Credit Card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1.80% is applied to transactions made for booking railway tickets.₹10 is charged per transaction for bookings via IRCTC | 1.80% |
Rent Payment Fees A surcharge fee of 1% applies on rent payment transactions made using the credit card, subject to applicable GST and platform charges | 1% |
cheque Payment Fees A fee of ₹150 is levied for cheque return, cheque dishonour, or auto-debit reversal | ₹150 |
Cash Payment Fees ₹150+ taxes will be charged for all payments done via Cash | ₹150 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 – ₹100 | ₹0 |
| ₹101 – ₹500 | ₹100 |
| ₹501 – ₹1,000 | ₹500 |
| ₹1,001 – ₹5,000 | ₹600 |
| ₹5,001 – ₹10,000 | ₹750 |
| ₹10,001 – ₹25,000 | ₹900 |
| ₹25,001 – ₹50,000 | ₹1100 |
| Above ₹50,000 | ₹1300 |
Understanding the exact cost of carrying the Times Black ICICI Bank Credit Card is crucial before app...
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Understanding the exact cost of carrying the Times Black ICICI Bank Credit Card is crucial before app...
Understanding the exact cost of carrying the Times Black ICICI Bank Credit Card is crucial before applying. While the card offers immense luxury value, its fee structure—from annual costs to late penalties—is designed for a premium audience and carries heavy charges if mismanaged.
The Joining Fee is set at Rs. 20,000 plus taxes. You pay this amount once when the card is issued. While it cannot be waived, the bank provides luxury vouchers (like the Rs. 20,000 Ayatana stay) that effectively offset this cost immediately.
The Annual or Renewal Fee is Rs. 20,000 plus taxes, charged from the second year onwards. The bank completely waives this fee if you spend Rs. 25 lakh or more in a year. For example, if you spend roughly Rs. 2,10,000 every month on business travel and shopping, you will hit the Rs. 25 lakh mark and save Rs. 20,000 the following year.
The APR or Interest Rate is 3.99% per month, which compounds to 47.88% annually. If you carry forward an unpaid balance of Rs. 10,000 to the next month, you will be charged Rs. 399 in interest for just that month, plus GST. You should always pay your bill in full to avoid this.
Late Payment Charges apply if you miss your due date. The fee is Rs. 0 for balances under Rs. 500, Rs. 500 for balances up to Rs. 5,000, Rs. 750 for balances up to Rs. 10,000, and Rs. 1,200 for balances above Rs. 10,000. For example, if your outstanding statement is Rs. 3,000 and you forget to pay, the bank will add a Rs. 500 penalty to your next bill.
The Foreign Transaction or Forex Markup Fee is 2.75% on all international spends. If you are on a vacation in Europe and spend USD 100 (assume Rs. 8,300), the bank will charge you an extra Rs. 228.25 just for processing the currency conversion.
The ATM Cash Withdrawal Fee is an expensive 2.5% of the withdrawn amount, subject to a minimum of Rs. 500. If you withdraw Rs. 10,000 from an ATM using this credit card, you will instantly be charged a Rs. 500 fee, and cash advance interest will start accruing immediately from day one.
The Rent Payment Convenience Fee is 1% of the transaction amount. If you use this card to pay Rs. 20,000 to your landlord, the bank will add a Rs. 200 fee to your statement. Since rent payments are excluded from earning reward points, using this card for rent is not financially beneficial.
The Railway Booking Surcharge is 1.80% for online transactions and 2.50% for offline bookings. If you book a train ticket worth Rs. 5,000 online, you will pay an extra Rs. 90 as a surcharge fee.
The Cash Payment Fee is Rs. 25. If you choose to visit an ICICI Bank branch and pay your credit card bill using physical cash, the bank will charge you Rs. 25 for processing that manual transaction.
The Cheque Payment Fee is Rs. 25. Similarly, if you drop a cheque at a drop box to clear your credit card dues, a Rs. 25 processing fee will be applied to your account.
The Reward Redemption Fee is Rs. 100. Every time you convert your points into vouchers, products, or statement cashback, the bank deducts Rs. 100. It is smarter to accumulate a large number of points and redeem them all at once rather than doing multiple small redemptions.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 20,000 + GST |
| Annual Fee | Rs. 20,000 + GST (Waived on Rs. 25 Lakh spends) |
| Interest Rate (APR) | 3.99% per month (47.88% annually) |
| Late Payment Fee | Up to Rs. 1,200 depending on balance |
| Forex Markup Fee | 2.75% |
| Cash Withdrawal Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | 1.80% online / 2.50% offline |
| Cash Payment Fee | Rs. 25 |
| Cheque Payment Fee | Rs. 25 |
| Reward Redemption Fee | Rs. 100 per request |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 20,000 plus applicable taxes. You receive substantial welcome vouchers to offset this cost.
What is the annual or renewal fee?
From the second year, the annual fee is Rs. 20,000 plus GST.
Is there an annual fee waiver based on spending?
Yes, the annual fee is waived if you spend Rs. 25 lakh or more in a year on your card, as per bank policy.
How can I get this card lifetime free?
This card is not offered as a lifetime free product and requires the annual fee payment or reaching the spend-based waiver milestone.
What is the interest rate (APR) if I don't pay my full balance?
The interest rate is 3.99% per month, which translates to 47.88% annually.
How is the interest calculated on outstanding balances?
If you fail to make payment in due time, the bank charges 3.99% monthly interest from the date of each purchase. Converting large spends to EMIs can reduce this burden.
What are the late payment charges?
Late payment fees range from Rs. 0 to Rs. 1,200 depending on your outstanding balance amount.
Is the late payment fee different based on outstanding amount?
Yes, balances up to Rs. 500 have no fee, up to Rs. 5,000 incur a Rs. 500 fee, up to Rs. 10,000 incur a Rs. 750 fee, and balances above Rs. 10,000 incur a Rs. 1,200 fee.
What is the forex markup for international transactions?
The bank charges a 2.75% forex markup fee on all transactions made in currencies other than Indian Rupees.
Can I withdraw cash using my credit card?
Yes, but you will be charged a steep fee of 2.5% of the withdrawn amount, subject to a minimum of Rs. 500.
What happens if I spend more than my credit limit?
Over-limit transactions incur a fee of 2.5% of the over-limit amount, starting from a minimum of Rs. 500.
Are there fees for paying rent with this card?
Yes, a 1% convenience fee is charged on the total transaction amount when you use the card to pay rent.
Is there a fee for paying my bill in cash?
Yes, if you pay your credit card bill using cash at a branch, a Rs. 25 fee is applied.
What are the charges for cheque payment of bills?
The bank charges Rs. 25 if you pay your credit card bill via a physical cheque.
Is there a fee to redeem my reward points?
Yes, you must pay a Rs. 100 redemption fee every time you request to convert points into vouchers or cashback.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
Is a PAN card mandatory to apply?
Yes, a physical PAN card is strictly mandatory, especially for completing the Video KYC process.
Can I use my rental agreement as address proof?
A registered rental agreement is accepted as valid address proof when accompanied by a utility bill in your name.
How many months of salary slips do I need?
You need to provide your salary slips from the last three consecutive months.
What if my Aadhaar is not linked to my mobile number?
If your Aadhaar is not linked to your active mobile number, you will not be able to complete the OTP-based digital application process.
Do self-employed individuals need to show ITR?
Yes, self-employed applicants must provide their latest Income Tax Returns to prove they meet the Rs. 24 lakh annual income requirement.
Can I upload digital copies of my documents?
Yes, if you apply online, you can upload clear scanned copies or photos of your required documents.
Who Should Get This Card?
The Times Black ICICI Bank Credit Card is designed for a very specific type of user. You should get this card if you are a high-income professional or business owner who travels internationally and loves premium lifestyle brands. If you naturally spend money at luxury resorts and high-end salons, the welcome benefits alone make this card a massive win for you. Furthermore, if you travel with family, the unlimited Priority Pass lounge access for add-on members is a lifesaver.
You should NOT get this card if your annual income is below Rs. 24 lakhs, as you will not meet the eligibility criteria. Additionally, if your yearly credit card spends are around Rs. 5 lakhs to Rs. 10 lakhs, you will pay the Rs. 20,000 annual fee every year since the waiver requires a Rs. 25 lakh spend. Budget-conscious users should look elsewhere.
Credit Limit and What to Expect
Because the Times Black ICICI Bank Credit Card requires a minimum monthly income of Rs. 2,00,000, you can expect a very generous credit limit. Banks assign credit limits based on a multiple of your monthly take-home salary and your existing credit history. A profile clearing the Rs. 24 lakh annual income mark with a CRIF score of 750 can expect starting limits ranging from Rs. 4 lakhs to Rs. 8 lakhs, giving you plenty of purchasing power for international flights and luxury hotel bookings.
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Commonly Asked Questions
What will be my starting credit limit?
Starting credit limits usually begin at Rs. 4,00,000 and are assigned based on your income, existing debt, and credit score.
Can I request a credit limit increase later?
Yes, after 6 to 12 months of responsible card usage and timely payments, you can request a credit limit enhancement from the bank.
Does the bank offer temporary limit increases for travel?
You can request temporary limit enhancements for specific events like international vacations or weddings through the iMobile app or customer service.
Will a high credit limit affect my credit score?
Having a high credit limit improves your credit score by lowering your credit utilization ratio, provided you do not spend aggressively near the maximum limit.
Can I set my own transaction limits on the card?
Yes, as per RBI guidelines, you can use the bank's mobile app to set daily limits for online, POS, and international transactions.
What happens if I spend over my credit limit?
Transactions exceeding your approved credit limit will incur an over-limit penalty fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 500.
How to Apply?
Applying for the Times Black ICICI Bank Credit Card is a straightforward process if you meet the high income requirements. The fastest way to get your application moving is through the online route. You can visit the official ICICI Bank website, navigate to the credit cards section, and locate the Times Black card. After entering your personal details, PAN, and employment information, the system will run a preliminary check on your CRIF score and income eligibility.
If you pass the initial screening, you will be prompted to complete a Video KYC (VKYC) process. For a successful VKYC, ensure you have your original PAN card in hand, sit in a well-lit room, and maintain a stable internet connection. Keep in mind that for security reasons, the bank requires you to be within a 50 km radius of your registered residential or office address during the video call. Once VKYC is complete and documents are verified, the card is typically dispatched within a week.
View FAQ
Commonly Asked Questions
Can I apply for this card online?
Yes, you can apply directly through the official ICICI Bank website or partner financial platforms.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process where a bank agent verifies your identity over a video call. It is mandatory for online applications to avoid visiting a branch.
What documents do I need during the VKYC call?
You must have your original physical PAN card and a blank piece of paper with a pen to provide a live signature.
Are there geographic restrictions during the application?
Yes, during the Video KYC process, you must be physically located within 50 kilometers of your registered communication address.
How long does approval take after applying?
Credit card applications are processed within 7 to 10 working days after successful KYC completion and document verification.
Can I track my application status online?
Yes, you can track your application status on the bank's portal using the application reference number generated when you applied.
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Top Benefits
Top Benefits
Enjoy Unlimited Domestic And International Airport Lounge
Access via Priority Pass across 1,400+ lounges in 145+ countries for both primary and add-on cardholders
Earn 2% Reward Points On Domestic Spends And 2.5%
On International Spends on eligible transactions using the card
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