ICICI Bank Business Advantage Black

[Siddarth]

The ICICI Bank Business Advantage Black Card is a special financial tool designed to make managing regular expenses easier and help businesses save money. It is especially useful for small and medium enterprises (SMEs).

Unlocking Business Benefits

• Complimentary Airport Lounge Access
  Cardholders get 2 free accesses per quarter at selected domestic airport lounges in India. This is perfect for business travelers looking for comfort and a place to work or relax. Currently, the card does not include international lounge access.

• Dining Benefits
  ICICI Bank Culinary Treats Program: Enjoy a minimum discount of 15% on your dining bill at over 2,500 restaurants in 11 cities.

• Insurance Benefits
  The card offers protection for unexpected events during business travel, including personal air accident insurance coverage up to ₹75 lakhs.

Other Benefits

• Earn up to 1% cashback on eligible business spending, capped at ₹2,000 monthly.
• Cashback not available on fuel, cash withdrawals, insurance, fees, or interest.
• Make secure contactless payments using Visa PayWave in over 48 countries.
• Pay up to ₹2,000 in India without entering a PIN for convenience.
• Access 24/7 concierge services for restaurant bookings, travel help, and gift assistance.
• Benefit from Zero Liability protection against unauthorized use if reported quickly.
• Receive a fuel surcharge waiver of up to 1% at HPCL petrol stations, capped at ₹500 monthly.

Fees & Other Charges

• Joining fee: ₹1,500 + GST
• Annual fee: ₹1,000 + GST
• Fees can be waived by spending a certain amount.
• Spend ₹75,000 in 60 days to waive the joining fee.
• Spend ₹7,50,000 in a year to waive the annual fee.
• ATM withdrawals have a monthly interest of 3.00%.
• Paying only the minimum amount due also incurs 3.00% monthly interest, totaling 36.0% annually.
• Late bill payments may result in a one-time penalty of up to ₹1,200.
• A 3.5% fee applies to foreign currency transactions.
• Cash advances cost 2.5% of the transaction, with a minimum fee of ₹300 and 3.0% monthly interest.

Eligibility Criteria

• Must be an Indian citizen and over 18 years old.
• Must be self-employed with a monthly income of at least ₹30,000.

Conclusion

The ICICI Bank Business Advantage Black Card is a great choice for Small and Medium Enterprises. It goes beyond traditional payment methods and helps manage business finances with its strong benefits and security features.