myBiz ICICI Bank Business Credit Card

Siddarth

For small and medium businesses, keeping track of expenses and managing travel can be pretty tough. That's why the myBiz ICICI Bank Business Credit Card is perfect for this kind of situation. It makes handling your finances way easier and also gives you rewards for every purchase.

Here’s what’s great about this card:

Welcome Benefits

When you get the card, you start off with 500 myBiz cash.
You’ll also get discounts on your first five flight bookings over ₹10,000.
Plus, there are discounts on your first five hotel bookings, but they need to hit some minimum amounts.

Reward Rates

You earn 3 myBiz cash for every ₹200 spent on hotels.
Earn 2 myBiz cash for every ₹200 spent on flights.
For international transactions, you get 1.25 myBiz cash for every ₹200.
And for domestic transactions, it’s 1 myBiz cash for every ₹200.

How to Redeem Rewards

You can use your myBiz Cash on the MMT myBiz platform.
Every 1 myBiz Cash equals ₹1.
So, you can use that cash for travel and accommodation right through the app or website.

Milestone Benefits

Spend ₹1 lakh in a year and earn 1,000 myBiz cash.
Hit ₹5 lakhs and you’ll get 2,000 myBiz cash.
There are bonus rewards for hitting your yearly spending targets.

Airport Lounge Access

Enjoy one free access to a domestic lounge every quarter.
Just spend ₹35,000 in the current quarter to keep your access for the next.

Concierge Services

There’s i-Assist available 24/7 to help you with travel, hotel bookings, and more.

MakeMyTrip myBiz Privileges

No booking fees for hotels, whether domestic or international.
No rescheduling fees on special fare domestic flights.
Get free meals on those special fare domestic flights.
There are discounts on booking fees for one-way and round-trip tickets.
Lower cancellation fees for domestic flights.
Access to top hotels at good prices.
A mobile workflow to help manage your corporate travel rules.

Financial Perks

The joining fee is just ₹500 + GST, and there’s no renewal fee after the first year.
It’s a great deal for long-term business use.
You earn myBiz cash on multiple purchases, which can be used on MMT myBiz.
Earn big with 3 myBiz cash for every ₹200 on hotels and 2 myBiz cash for every ₹200 on flights.
You get 1.25 myBiz cash for international transactions and 1 myBiz cash for domestic ones.
Plus, you get a bonus of 1,000 myBiz cash for spending ₹1 lakh annually, and 2,000 for ₹5 lakhs.
There's a 1% waiver on fuel surcharges at petrol pumps.

Fees and Charges

Joining Fee: ₹500 + GST for new cardholders.
Renewal Fee: No fee after the first year.
Rewards Redemption Fee: Just ₹99 when you redeem rewards.
Foreign Currency Markup: A 3.50% fee on international transactions.
Interest Rates: The monthly rate is 3.67%, which is about 44% annually.
Fuel Surcharge: You get a 1% waiver on fuel purchases, with a monthly limit.
Cash Advance Charges: It's a 2.5% fee or a minimum of ₹300.

Final Thoughts

The myBiz ICICI Bank Business Credit Card is a solid option for entrepreneurs who want to keep a tight grip on their costs and make the most out of their savings, especially when it comes to travel and lodging. It’s definitely a handy tool to help your business grow!