ICICI Times Black Credit Card: India’s Premier Luxury Credit Card for High-Spenders
ICICI Bank with being one of the fastest-growing credit card issuers and acquirers in India is readying the launch of its new product, ICICI times black credit card that is seen as premier or unique category credit card in the Indian market targeting High Net worth Indians (HNWI). Known by the Adani and MakeMyTrip series of co-branded cards, ICICI Bank remains innovative and meets high net worth customers. Introducing the Times Black Credit Card to be out by Mid December, one will expect an element of elegance and privilege. Below is a breakdown of what you are likely to expect from this card.
Welcome & Annual Benefits
Luxury Stay Gift Card from EaseMyTrip worth ₹10,000
Travel Visa Benefits with Atlys and OneVasco worth ₹10,000
Exclusive access to The Quorum Club, unlocking exceptional benefits
Lifestyle Gift Cards from Toni&Guy and Interflora worth ₹4,000
Annual membership of Zomato Gold
Milestone Benefits
Klook’s international experiences and activities worth ₹10,000
Luxury airport transfers via BLADE India/Avis/Indian Travel House worth ₹10,000
Tata CLiQ Luxury Gift Card worth ₹10,000
One night luxury stay from Ayatana Resorts worth ₹20,000
Annual fee waiver on spends of ₹25 lakh
Reward Points & Exclusive ICICI Times Black Benefits
Earn 2.5% Reward Points on international spends & 2% Reward Points on domestic spends
Lifestyle management services by CribLife tailored just for you, with 6 exclusive offerings
Unlimited complimentary international and domestic airport lounge access
Low mark-up fee of 1.49% on all foreign currency transactions
24×7 international and domestic concierge services. To contact the i-Assist team please call our numbers 1800 26 70731 (toll free for MTNL/BSNL) or 022 6787 2016 (standard call charges applicable)
Fuel surcharge waiver of 1% on all transactions
Comprehensive insurance coverage
ICICI Times Black Credit Card Fees
Joining Fee – ₹20,000 + GST
Annual Fee – ₹20,000 + GST (Annual Fee waiver on spends of ₹25,00,000 in an anniversary year).
Exclusive Lifestyle Management Services
It is rumored that such a card as the Times Black Credit Card offers an excellent lifestyle management solution. As such, this concierge-like service is intended to decomplex various luxuries and relevant services. This currency will make it easy to get everything from concert tickets, rare items or even get a table at an elite restaurant.
Premium Access to Times Group Events
The Times Black Credit Card will unlock entry to some of the most prestigious events organized by the Times Group, including:
- ET Startup Awards: Second, barrel that identified it, promote knowledge about innovation and entrepreneurship.
- Food and Nightlife Awards: The goal is to reward the best dining and nightlife locations.
- CXO Meetups: Engage key players in the industry and market to be apart of.
- ET Conversations: Join interesting events with popular speakers.
- Unique Dining Experiences: Engage in events such as, The Royal Table.
These bonuses ensure that the Times Black Credit Card acts as a key opening to endless privileges.
Comparison with Other Premium Cards
Following the other luxury credit cards in India, the Times Black Credit Card becomes part of this cadre. Here are some strong competitors:
- Axis Bank Magnus Credit Card:
- Free domestic and international lounge access is offered.
- As a welcome benefit, you’d get 12,500 Axis Edge Reward Points.
- Frequent travelers like it because features like milestone benefits and low forex markup charges are good.
- HDFC Infinia Credit Card:
- Priority Pass unlimited international and domestic lounge access.
- Redeem travel, dining and luxury rewards from 1 to 5 reward points for every ₹150 spent.
- Worldwide comprehensive insurance and concierge services.
- American Express Platinum Card:
- Exclusively included in the Fine Hotels & Resorts Program.
- Cashback on international spends, extensive rewards.
- Priority passes membership and Amex Offers specifically designed for the luxury travelers.
- Standard Chartered Ultimate Credit Card:
- Get 5 reward points for every ₹150 spent on renewal of Rs. 1 & above in all categories.
- 1:1 airline partners transfer used miles.
- Complimentary two free golf sessions and low forex markup charges.
All these cards come with benefits but the combination of lifestyle perks along with rewards on milestones and event discounts while using Times group passes differentiate the ICICI Times Black Credit Card.
Devaluation issues in ICICI Bank’s credit cards
Recently, ICICI Bank has been criticized for devaluations and poorer reward structures in the overall credit card lineup it already has. The bank is using The Times Black Credit Card as a chance to win back the trust of its most sophisticated customer base. By balancing out a well rounded offer and filling in the gaps left behind by previous cards, the aim being to reestablish ICICI Bank’s premium credit card leadership.
Final Thoughts on ICICI Times Black Credit Card
ICICI Bank’s Times Black Credit Card could be the spark that ignites the luxury credit cards market. The card comes with hefty joining and annual fees paying off to high spending people to enjoy premium benefits and exclusive experiences. The main difference here is its focus on utility and lifestyle categories, and its competitive forex charges and zero fees for cash advances and reward redemptions.
Additional announcements around the card’s reward structure, and any other potentially useful perk offerings, will come as the launch approaches. The Times Black Credit Card may be a perfect fit for the high net worth individual looking for an overly exclusive, yet truly benefitting, card.
We’ll keep you posting with the latest credit card and financial products offerings here at MarketInsiderz.com.
FAQ's on ICICI Times Black Credit Card
This card combines high-end perks like exclusive Times Group event access, milestone rewards, and a competitive 1.49% forex markup fee. It’s designed for High Networth, high-spenders with benefits that make it stand out
Absolutely, for those who maximize the rewards like milestone perks, Zomato Gold membership, and gift cards, the joining fee pays for itself quickly.
Annual Fee is waived off if you spend ₹25,00,000 or more in a year.
Perks of owning a ICICI Times Black Credit Card
includes a luxury stay at Ayatana Resorts worth ₹20,000 and ₹10,000 gift cards from Tata CLiQ Luxury and Klook.
As of now the card is yet to be launched. Once launched you can visit ICICI Bank’s website or call customer service to begin the application process.
While other credit cards focus on broad perks, the Times Black Card’s exclusive event access and milestone rewards uniquely cater to high net worth spenders.
Yes, you can enjoy unlimited domestic and international lounge access.
Concierge services include securing exclusive event like concert tickets, sourcing rare items, and arranging luxury dining or travel experiences.
Forex Markup Fees is only 1.49%, ideal for frequent international travelers.
No, there are zero fees for both.
