By Gunjan Bharara
Updated On August 26, 2022

ICICI Bank has recently launched the ICICI Business Advantage Blue Card which allows customers to save more by using this credit card on their regular spends by exercising the multiple cashback options. This card offers cashback to the cardholders on spends related to travel and car rentals. Additionally, the cardholders will also get cashback while they make credit card payments. The cardholders will get a cashback of 0.5% on their domestic spends between Rs. 25,000 to Rs. 75,000 and 1% on their domestic spends exceeding Rs. 75,000.

This credit card comes with a joining and renewal fee of Rs. 500 which can be waived off on the basis of the amount spend using your credit card in an anniversary year. Also, the cardholders will also get a fuel surcharge on their fuel transactions at the HPCL petrol pumps. There are various other benefits that cardholders will receive. Keep reading the article to know more about this credit card –

(4.5/5)

Best Suited For

Dining | Shopping |

Joining Fee

Rs. 500 (plus applicable taxes)

Reward Type

Cashback |

Product Details

  • Up to 1% cashback on domestic and international spends
  • 0.20% cashback on the payment of the credit card bill
  • 15% discount on your dining bills
  • 24×7 concierge services
  • 1% fuel surcharge waiver at HPCL fuel stations
  • Complimentary lounge access

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

15% discount on dining bills under the ICICI Bank Culinary Treats Program

Rewards Rate

0.5% and 1% cashback on eligible domestic spends. 1% cashback on all eligible international spends

Reward Redemption

The cashback will be credited to the cardholder’s account within 30-45 days.

Travel

Complimentary access to airport lounges

Golf

NA

Domestic Lounge Access

2 complimentary visits per quarter at selected airport lounges

International Lounge Access

NA

Insurance Benefits

The cardholders will get personal air accidental death cover worth Rs. 75 Lakhs

Zero Liability Protection

Zero Liability Protection is provided against lost/stolen credit cards upon reporting to the customer care of the bank.

Fees & Charges

Joining Fee

Rs. 500 (plus applicable taxes)

Renewal Fee

Rs. 500 (plus applicable taxes)

Spend based Waiver

Waiver of renewal fee on the spending of Rs. 5 Lakh in the previous year. Waiver of joining fee on spends of Rs. 50,000 within 60 days of the card setup date.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% on all international transactions

Interest Rates

3.40% per month (or 40.80% annually)

Fuel Surcharge

1% at all HPCL fuel stations in India

Cash Advance Charge

2.5% of the amount or Rs. 300, higher of the two

Add-on Card Fee

Nil

ICICI Bank Business Advantage Blue Credit Card – Features and Benefits

ICICI Bank Business Advantage Blue Credit Card is a new launch by ICICI Bank which has been specially designed with the enhanced convenience of contactless technology and an exclusive card that drives business savings. The card lets you earn cashback on recurring business expenses from air travel to car rentals, etc. Additionally, you can also earn cashback while you pay bills with your ICICI Bank Business Advantage Blue Credit Card. You get a cashback of up to 1% on your eligible domestic and international spends. This card comes with a joining and renewal fee of Rs. 500 which are nominal and affordable with respect to the benefits that this card provides. Following are the detailed benefits of ICICI Bank Business Advantage Blue Credit Card –

Dining Benefits

  • Under the ICICI Bank Culinary Treats Program, the cardholders can enjoy the delicate cuisines at 2500+ partnered restaurants by getting a minimum discount of 15% while you pay the bills using the ICICI Bank Business Advantage Blue Credit Card.

Fuel Transactions

  • The cardholders will get a fuel surcharge waiver of 1% on monthly fuel transactions of Rs. 5,000 at all HPCL fuel stations using the ICICI Bank swiping machines only.
  • The fuel surcharge waiver amount is capped at a maximum of Rs. 500 in a month.

Travel Benefits

  • With the ICICI Bank Business Advantage Blue Credit Card, the cardholder can enjoy a luxurious travel experience by getting complimentary access to selected airport lounges in India.The cardholder will get 8 complimentary visits in a year, limited to 2 per quarter.

Concierge Services

  • With the 24×7 concierge services, all your needs will be taken care of by a team of professionals at i-Assist.
  • The services include – Restaurant referral and reservation, flight referral and reservation, booking and delivery of movie tickets, flower and gist assistance, car rental and limousine services, medical concierge privileges, hotel referral and reservation, and emergency auto assistance across India.

Spend Based Renewal Fee Waiver

  • The joining fee of Rs. 500 of the ICICI Bank Business Advantage Blue Credit Card can be waived off if the cardholder spends Rs. 50,000 or more using this credit card within 60 days from the date of card issuance.
  • The renewal of this card is Rs. 500 which can be waived off if the cardholder spends an amount of Rs. 5 Lakhs or more in an anniversary year.

Zero Credit Card Lost Liability

  • In the unfortunate circumstances where your HPCL Bank of Baroda ENERGIE Credit Card is lost or stolen, you will not be liable for fraudulent transactions taking place through your card if you inform about the loss or theft of the card on an immediate basis.

Insurance Benefits

With ICICI Bank Business Advantage Blue Credit Card, you get the following insurance benefits:

Insurance Cover Description Cover Amount
Personal accidental death (Air Accident) Rs. 75 Lakhs
Personal accidental death (Non-Air) Rs. 5 Lakhs
Medical expenses for bodily injury arising out of accident Rs. 1 Lakh
Credit shield (in case of accidental death) Rs. 50,000
Baggage insurance Up to Rs. 25,000
Loss of travel documents US$ 500
Loss of checked-in baggage US$ 1,200
Delay in receipt of checked-in baggage US$ 300 in excess of 12 hours
Missing flight due to trans-shipment US$ 300
Plane hijacking US$ 250 per hour up to a maximum of 12 hours
Delay in flight US$ 250 per hour up to a maximum of 12 hours
Transit liability  Rs. 50,000
Lost Card liability Rs. 1,00,000 – – 2 days (pre-reporting) and 7 days (post-reporting)

ICICI Bank Business Advantage Blue Credit Card Reward Points

The more the cardholders will spend using this credit card, the more cashback they will get.

  • In case of eligible domestic spending using this credit card, the cardholder will get no cashback if his statement balance is less than Rs. 25,000. The cardholder will get a cashback of up to 0.5% if his statement balance is between Rs. 25,000 to Rs. 75,000 and he is entitled to a cashback of 1% if his statement balance is more than Rs. 75,000
  • In case of eligible international spending using this credit card, the cardholders will not get any cashback if their statement balance is below Rs. 25,000 but will get a cashback of up to 1% on the statement balance exceeding Rs. 25,000
  • You can get a maximum cashback of Rs. 500 in a month.
  • Also, you will get instant cashback of 0.20% on your total amount due by making a payment of your ICICI Bank Business Advantage Blue Credit Card bill within 7 days from the date of statement generation through ICICI Bank Internet Banking. You will get a cashback only if the payment amount is more than the minimum due amount.
  • The eligible spending include spends on airline, hotel & restaurant except for select categories such as fuel, cash withdrawals, insurance, all fees, and interest charges.

Reward Redemption

  • The cashback will be credited to your account within 30-45 days from the date of the transaction.

ICICI Bank Business Advantage Blue Credit Card: Fees and Charges

  • The joining fee for the ICICI Bank Business Advantage Blue Credit Card is Rs. 500
  • This card comes with a renewal fee of Rs. 500
  • ICICI Bank Business Advantage Blue Credit Card offers a Foreign Currency markup fee of 3.5%
  • 3.40% per month is the interest rate that is charged on this card. This comes out to be 40.80% annually
  • The cash advance charges on this card are 2.5% of the transaction amount or Rs. 300, whichever is higher.

Eligibility Criteria for ICICI Bank Business Advantage Blue Credit Card

  • Only Indian residents can apply for this card.
  • The age bracket for self-employed individuals lies between 21 years to 65 years.
  • The add-on cardholder should at least be 18 years of age to get this card.
  • The cardholder should have a stable source of income.
  • The cardholder must have a good credit score to be eligible for this credit card.

Documents Required

The documents required to apply for the ICICI Bank Business Advantage Blue Credit Card are as follows:

  • Identity Proof: Aadhar Card, Passport, Voter’s Id, PAN Card, or Driving License of the applicant.
  • Address Proof: Utility bills (not older than three months), Aadhar Card, Passport, etc. The office address proof might also be required in some cases.
  • Other than the documents mentioned above, you will also need to submit business-related documents like audited ITR, business registration certificate, etc.

How to apply for ICICI Bank Business Advantage Blue Credit Card

You can apply for this card through both – online and offline modes.

For online mode –

  • Visit the official website of ICICI Bank
  • Go to the ‘Credit Cards’ Tab.
  • Click on Commercial Credit Cards and then Business Cards.
  • Choose ‘ICICI Bank Business Advantage Blue Credit Card’ and then click on apply now
  • You need to fill in all the required details and submit the documents required.

For offline mode –

  • You can visit the nearest ICICI Bank branch and fill in the credit card application form. Attach all the required documents. Submit it to the bank officials, who will then forward it to the credit card department for further processing.

Bottom Line

ICICI Bank Business Advantage Blue Credit Card is a special credit card that amps up business savings by providing cardholders with cash back on their recurring business expenses like air travel, professional payments, car rentals, etc. Apart from getting cashback on these transactions, the cardholders will also get cashback while they pay the bill of their ICICI Bank Business Advantage Blue Credit Card within the prescribed time format, which is an attractive feature. This card is placed at an affordable joining and renewal fee of Rs. 500 but also offers some value-added benefits such as domestic lounge access, discount on dining bills, 24×7 concierge services, insurance benefits, etc.

In terms of fees and features, this card can be considered very similar to the Business MoneyBackCredit Card offered by HDFC Bank. The Business Advantage Blue card is a grab now card for business individuals who quite frequently spend on air travel, and professional services such as marketing expenses, accounting services, etc as this card allows you to save more on business expenses along with enhanced security and features that come along with this credit card. This was the ICICI bank Business Advantage Blue Credit Card review from our side. Do let us know your views on this in the comment section below!

FAQs:

You are charged an annual fee of Rs. 500 plus applicable taxes.

Yes, the ICICI Bank Business Advantage Blue Credit Card does provide a fuel surcharge waiver of 1% at all HPCL fuel stations across India on a maximum monthly transaction of Rs. 5,000. (the waiver will be subjected to a maximum of Rs. 500 per month)

Yes, the cardholder will get a cashback of 0.20% of the total amount due if he pays the credit card bill within 7 days from the date of statement generation. He will be eligible for cashback only if the amount paid towards the credit card bill is more than the minimum amount due.

The cashback will be credited to your account within 30-45 days from the date of the transaction.

Yes, the joining fee of Rs. 500 of the ICICI Bank Business Advantage Blue Credit Card can be waived off if the cardholder spends Rs. 50,000 or more using this credit card within the first 60 days from the date of the card issuance date.

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