ICICI Bank Business American Express Essential Credit Card
ICICI Bank · Open to apply
ICICI's entry American Express business card: 4 points per ₹200 online, 2 on dining and airlines, 1 on others, 1,500 points on the first month's bill and on each annual fee payment. ₹1,000 a year.
- Annual fee
- ₹1,000 + GST a year
- Joining fee
- ₹1,000 + GST
- Fee waiver
- Annual fee waived on ₹5,00,000 spend per card year
- Base rate
- Other spends, 1 point per ₹200: 1 ICICI Bank Reward Points per ₹200 (about 0.13% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- Online spends, 4 points per ₹200: 4 ICICI Bank Reward Points per ₹200 (about 0.5% at cash value)
- Dining and airline spends, 2 points per ₹200: 2 ICICI Bank Reward Points per ₹200 (about 0.25% at cash value)
Earns nothing on
- No points on cash, fuel, rent or utilities
Terms the calculator does not value
- ICICI publishes no rupee value per reward point; the calculator uses the third-party ₹0.25.
- Insurance, groceries and IRCTC railway spends earn the base rate (utilities earn nothing, per the page): the consumer MITC's capping tables do not apply to this business card, and the business MITC sets no category cap.
Sources
- ICICI Bank Business American Express Essential Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- Business Cards MITC (2026-10-14) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- How to redeem ICICI credit card reward points (CardInsider; third party, gives ₹0.25 a point) (Third-party site, read 20 Oct 2026)