ICICI Bank Set to Launch the Premium Times Black Credit Card

ICICI Bank is one of the largest credit card issuers in India. This year alone, the issuer has launched several new cards, including the Adani Co-Branded Card series and the ICICI MakeMyTrip Credit Card. ICICI Bank now plans to launch the Premium Times Black Credit Card. This exclusive, sleek, and mysterious card will be launched in mid-December (Before 20th December). Not much is known about this card, but the few available details are mentioned below.

• Joining Charges – ₹20,000 + GST
• Annual Charges – ₹20,000 + GST
• Annual Fee Waiver on Spends of ₹25 Lakh in a Year
• Forex Markup Charges 1.49%
• Zero Cash Advance Charges
• Zero Reward Redemption Charges

It’s rumored that the Times Black card will offer a special lifestyle management service, helping you easily access the experiences and things you value most. From sourcing concert and sports tickets to finding rare sneakers or booking exclusive restaurants, this service will simplify everything.

Times Black ICICI Bank Credit Card shall also offer exclusive access to premium Times Group events like

• ET Startup Awards
• Food and Nightlife Awards
• CXO Meetups
• ET Conversations with High-Profile Guests
• Unique Dining Experiences like The Royal Table

Times Black ICICI Credit Card Reward Point Earning

The complete reward point structure for the card has not been released. However, some information has been shared online. You can earn up to 5,000 reward points on certain restricted categories, including utility payments, advance tax, education expenses, and insurance premiums.

1. Utilities (MCC – 4900, 4901, 3887)
2. Insurance Premiums (MCC – 6300, 6381, 6399)
3. Education (MCC – 8220, 8241, 8244, 8249, 8299, 8493, 8494, 7911)
4. Government Payments – This Includes Payments like House Tax, Advance Tax, Fines, Court Payments, Postal Payments, etc. (MCC – 9222, 9311, 9313, 9211, 9399, 9402, 9405)

Earn 2% Reward Points on domestic spends and 2.5% Reward Points on international spends.

Bottom Line

The ICICI Bank Times Black Credit Card is shaping up to be an elite card for high-spending individuals who want a blend of premium perks, low forex markup, and zero cash advance charges. With its hefty joining like those of Axis Bank Olympus Credit Card, it is clearly positioned as a luxury offering. While the reward point structure remains disclosed, the card’s unique benefits across utility, insurance, education, and government payments are promising.

Recently, people have expressed dissatisfaction with the devaluations and poor reward structure of ICICI Bank Credit Cards. Let’s see if this card will be the redemption for one of the largest credit card issuers in India.

The Times Black Credit Card from ICICI Bank is definitely one to watch out for this December.