ICICI Bank Times Black Credit Card

Card Details

ICICI Bank Times Black Credit Card
Issuer
ICICI Bank
Card type
Premium
Joining fee
₹20,000 + GST
Annual fee
₹20,000 + GST
Rewards currency
Reward Points

Highlights

  • ₹10,000 EaseMyTrip Hotel Voucher and other welcome privileges Zomato Gold membership.
  • Value back of ~2 % on domestic spends and 2.5 % on international spends with 1 % fuel surcharge waiver.
  • Milestone benefits worth ₹10,000 each for Klook experiences, airport transfers and Tata CLiQ vouchers, plus a complimentary night at Ayatana Resorts on high spend.
  • Annual fee waived when you spend ₹25 lakh in a membership year.
  • Unlimited domestic and international lounge access for primary and add‑on cardholders.

Welcome, annual & renewal benefits

  • The card charges a joining and renewal fee of ₹20,000 + GST.
  • Spending ₹25 lakh in the membership year waives the renewal fee
  • As joining benefit you get ₹10,000 EaseMyTrip Hotel Voucher, ₹3,000 Toni & Guy Voucher and Zomato Gold Membership
  • You also get some more vouchers but they are not worth counting as real benefits

Reward earning

Spend typeEarn rateCap
General spends2% Reward Points-
Flight Bookings via iShop12% Reward Points15,000 Reward Points
Gift Vouchers via iShop12% Reward Points15,000 Reward Points
Hotel Bookings via iShop24% Reward Points15,000 Reward Points
Forex spends2.5% Reward Points-
  • Reward points worth roughly 3 % can be redeemed for flights, hotels or merchandise.
  • 5000 RP/statement cap applies on reward accumulation for utilities, education and grocery transactions.
  • No rewards on Fuel

Redemption options

Redeem via iShop for maximum value.

  • Transfer points to Air India Maharaja Cluba att 1 RP : 1 air mile ratio.
ChannelValue
iShop flights & hotels1 RP = ₹1
Statement credit1 RP = ₹0.40

Milestone benefits

  • ₹10,000 Klook voucher on annual spend of ₹2 Lac.
  • ₹Luxury sedan airport transfers spend of ₹5 Lac.
  • ₹10,000 Tata CLiQ Luxury voucher on annual spend of ₹10 Lac.
  • ₹20,000 Stay Voucher from Ayatana spend of ₹20 Lac.

Lounge, Travel & lifestyle

  • Unlimited domestic and international lounge access for cardholder and companions.
  • Low forex markup of 1.49 % for overseas purchases.
  • 1 % fuel surcharge waiver up to ₹500 per month.

Review

For those who are not elegible for other premium cards may consider this but fees seems too high for the benefits you get. Yes it gives a lot of voucher to offset the fee but is that enough? Maybe.'

  • Reward rate of 2% is too low for a ₹20,000 fee card.
  • 24% return rate on Hotels and 12% on fligts and voucher through iShop.
  • Low forex markup of 1.49%
  • iShop has lower conv. fee on Amazon vouchers compared to what HDFC charges on smartbuy

Points Transfer Calculator

Calculate how many points you'll receive when transferring from ICICI Bank Times Black Credit Card

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Points to Transfer

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Air India Maharaja Points

Air India Maharaja Points

1 : 1 Ratio