Times Black ICICI Bank Credit Card

ICICI Bank · Open to apply

ICICI's ₹20,000 card with Times Internet: 2 reward points per ₹100 at home and 2.5 abroad, a 1.49% forex mark-up, unlimited lounges for primary and add-on holders, and vouchers for joining and for spend milestones up to ₹20 lakh a year.

Annual fee
₹20,000 + GST a year
Joining fee
₹20,000 + GST
Fee waiver
Annual fee waived on ₹25,00,000 spend per card year
Base rate
Domestic spends, 2 points per ₹100: 2 ICICI Bank Reward Points per ₹100 (about 0.8% at cash value)
Lounges
International: unlimited visits a calendar year; Domestic: unlimited visits a calendar year
Forex markup
1.49%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • International spends, 2.5 points per ₹100: 2.5 ICICI Bank Reward Points per ₹100 (about 1% at cash value)

Earns nothing on

  • No points on fuel, rent, cash, e-wallet loads or EMI

Terms the calculator does not value

  • The T&C defines "Annual Benefits" given on payment of the annual fee each anniversary year but does not list which of the joining benefits recur, so no renewal credit is entered.
  • ICICI says a point is worth "up to ₹1" without naming the redemptions that reach it; the calculator uses the ₹0.40 statement rate.
  • The Visa and Mobility wallets (₹10,000 each) can only be spent on visa processing and airport transfers or day passes, and are not valued.
  • Groceries and department stores, and IRCTC railway spends, earn the base 2 points per ₹100 with no cap of their own: the MITC's capping tables (pp20-22) list this card only for the shared 5,000-point cap on utilities, insurance, education and government payments, and its transportation and grocery caps name other cards.

Sources

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