Times Black ICICI Bank Credit Card

2% reward points on eligible domestic purchases, valued at ₹0.40 per point for statement credit. ₹20,000+GST card fee.

How this estimate works

ICICI lists 2% ICICI Bank Reward Points on eligible ordinary domestic purchases. This model conservatively treats that as 2 points per full ₹100 eligible purchase and values each at the issuer-confirmed ₹0.40 statement-credit rate, not the advertised up-to-₹1 rate for select partner redemptions. The live issuer MITC lists nil reward redemption handling fee for this specific card; no ₹99 deduction is applied. exact minimum statement-credit redemption is not published on the public product page, so confirm in iMobile before relying on small balances. The bank lists ₹20,000+GST joining and annual fees and a ₹25 lakh prior-year annual-fee waiver threshold. The calculator deducts the standard annual fee without assuming a waiver and omits joining gifts, milestone rewards, forex and lounge benefits. Fuel, rent and EMI do not earn points. Utilities, insurance, education and government transactions are subject to the issuer’s 5,000-point-per-statement-cycle cap; these and other special merchant/payment chips are left unscored because a generic chip does not establish the actual MCC or cumulative cycle usage. Points expire after 36 months. The rate is a conservative statement-credit equivalent, not a 2% cash return.

Issuer terms

ICICI card earn and statement value · Current bank fee schedule and nil card-specific reward handling fee · General bank rewards rules

Terms checked 30 September 2026. Issuer statement redemption is ₹0.40 per point, not the advertised maximum partner value.