M16S / ICICI Bank / ICICI Business Ascent (American Express) Credit Card
mid · business, rewards
ICICI Business Ascent (American Express) Credit Card
The ICICI Business Ascent (American Express) Credit Card costs Rs 1,500 a year, waived if you spend Rs 7,50,000 in a year. It earns 3 points per Rs 200. Accelerated earn: 4 points per Rs 200 on airlines and dining. Lounge visits in India: 2 per quarter. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 1,500+ GST
- Fee waived at
- Rs 7,50,000annual spend
- Base return
- —
- Forex markup
- —
- Interest
- 3.75%a month
Apply on icici.bank.inOpens the bank’s own page.
What changed on this card
- ICICI cards lose air accident cover and INOX, fees rise, Dec 2026
From 15 December 2026, ICICI Bank ends air accident cover on 7 cards, CFAR cover on 4 and the INOX benefit on 9. Card replacement goes to Rs 300 plus GST from 11 December.
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 2,000 |
|---|---|
| Annual fee | Rs 1,500 |
| Annual spend that waives the fee | Rs 7,50,000 |
Rewards
| Welcome benefit | 3,000 points after paying the first month's bill; 2,000 points within 30 days of paying each annual fee |
|---|---|
| Reward currency | Reward Points |
| Base earn | 3 points per Rs 200 |
| Accelerated earn | 4 points per Rs 200 on airlines and dining |
Travel and perks
| Domestic lounge | 2 per quarter |
|---|---|
| Lounge conditions | Conditions not stated on page |
| Fuel surcharge waiver | 1% at petrol pumps |
| Other freebies | Complimentary insurance (amounts in separate document); Amex offers |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Eligibility | Owner or manager of a registered business or professional practice in India with a stable financial record |
| Fine-print notes | Business card MITC PDF is blocked to automated readers; late fee, cash advance fee and forex markup not confirmed for business cards. Point value for business reward points not found. |
Questions
- What is the annual fee of the ICICI Business Ascent (American Express) Credit Card?
- Rs 1,500 a year, before GST. It is waived if you spend Rs 7,50,000 in a year.
- Does the ICICI Business Ascent (American Express) Credit Card give airport lounge access?
- Yes. In India: 2 per quarter. Outside India: none listed. Conditions: Conditions not stated on page