M16S / ICICI Bank / ICICI Times Black Credit Card
super-premium · rewards, travel, cobrand
ICICI Times Black Credit Card
The ICICI Times Black Credit Card costs Rs 20,000 a year, waived if you spend Rs 25,00,000 in a year. Its base return is 2% (2% as reward points on domestic spend). Accelerated earn: 2.5% as reward points on international spend. The forex markup is 1.49%. Lounge visits in India: Unlimited, primary and add-on. Abroad: Unlimited via Priority Pass, primary and add-on. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 20,000+ GST
- Fee waived at
- Rs 25,00,000annual spend
- Base return
- 2%
- Forex markup
- 1.49%
- Interest
- 3.75%a month
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.
- ICICI 1838 Reserve credit card launched, Rs 1,75,000 fee, Oct 2026
ICICI Bank and Times Internet launched the invite-only 1838 Reserve Visa card in New Delhi on 30 October 2026. It costs Rs 1,75,000 plus GST to join and every year, with no waiver.
- ICICI Bank adds fees on wallet loads, gaming and transport, Jan 2026
From 15 Jan 2026 ICICI Bank charges 1% on wallet loads of Rs 5,000 or more, 2% on skill-based gaming and 1% on transportation transactions above Rs 50,000. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank raises Dynamic Currency Conversion fee, Jan 2026
From 15 Jan 2026 statements the DCC fee on rupee transactions abroad is 3.50% on most cards, up from 1%. It is 2.00% on Emeralde Private Metal and Emeralde, 1.99% on Amazon Pay and 1.49% on Times Black. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank drops rent, government and education spends from fee waiver, Nov 2024
From 15 Nov 2024 rent, government and education payments no longer count toward the spend threshold for annual fee reversal and milestone benefits. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank adds 1% fee on fuel, utility and education payments, Nov 2024
From 15 Nov 2024 ICICI Bank charges 1% on fuel transactions above Rs 10,000, 1% on utility payments above Rs 50,000 and 1% on education payments made through third-party apps. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank stops reward points on rent and wallet loads, Feb 2024
From 5 Feb 2024 rent pay and e-wallet loading transactions earn no reward points on ICICI Bank credit cards. The Amazon Pay ICICI Bank card is exempt. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank moves government payments into the utility category, Feb 2024
From 5 Feb 2024 government transactions count as utility payment transactions on ICICI Bank credit cards, so they follow the utility earn rules and caps. The Amazon Pay ICICI Bank card is exempt. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
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 20,000 |
|---|---|
| Annual fee | Rs 20,000 |
| Annual spend that waives the fee | Rs 25,00,000 |
| Fee notes | Add-on Rs 3,500 one-time. Card replacement Rs 3,500. No cash advance fee. |
Rewards
| Welcome benefit | Luxury stay gift card: EaseMyTrip Rs 10,000 or Lohono Rs 12,000; also Toni and Guy Rs 3,000, Interflora Rs 1,000, Atlys/OneVasco visa services Rs 10,000, Zomato Gold |
|---|---|
| Reward currency | ICICI Bank Reward Points |
| Base earn | 2% as reward points on domestic spend |
| Base return | 2% |
| Point value | Up to Rs 1 per point on products/vouchers; Rs 0.40 per point as statement credit (issuer page) |
| Accelerated earn | 2.5% as reward points on international spend |
| Caps | 5,000 points per statement cycle across utility, insurance, education and government payments |
| Spends that earn nothing | No points on fuel, rent, EMI-converted transactions (reversed) |
| Milestone benefits | Rs 2 lakh: Klook Rs 10,000; Rs 5 lakh: WeWork day passes or airport transfers Rs 10,000; Rs 10 lakh: Tata CLiQ Luxury Rs 10,000; Rs 20 lakh: one night at Ayatana or Lohono worth Rs 20,000. Claim within 6 months via Times Black app. |
| Reward notes | base_return_pct = 2% at best-case Rs 1 per point; 0.8% as statement credit. Redemption fee nil for this card (MITC). |
Travel and perks
| Domestic lounge | Unlimited, primary and add-on |
|---|---|
| International lounge | Unlimited via Priority Pass, primary and add-on |
| Lounge conditions | No spend condition. Guest policy not stated by issuer. |
| Forex markup | 1.49% |
| Fuel surcharge waiver | 1% at all pumps, txns up to Rs 4,000; eligible fuel spend capped at Rs 1,00,000 per cycle (MITC) |
| Other freebies | Cancellation cover up to Rs 12,000 on domestic flights/hotels; air accident cover; 24x7 concierge; CribLife services; Elite Club dining offers |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil <Rs 100; Rs 100 (Rs 100-500); Rs 500 (Rs 501-1,000); Rs 600 (Rs 1,001-5,000); Rs 750 (Rs 5,001-10,000); Rs 900 (Rs 10,001-25,000); Rs 1,100 (Rs 25,001-50,000); Rs 1,300 (>Rs 50,000) |
| Cash advance fee | Nil |
| Eligibility | Invite only (timesblack.com); age 21+; salaried Rs 2,00,000 a month; self-employed Rs 24,00,000 a year |
| Fine-print notes | Card T&C PDF blocked to automated readers; expiry and transfer options not confirmed. Bank-wide transaction fees (MITC): 1% on rent; 1% on fuel txns above Rs 10,000; 1% on utility txns above Rs 50,000; 1% on transportation above Rs 50,000; 1% on education paid via third-party apps; 1% on wallet loads of Rs 5,000+; 2% on skill-based gaming. DCC fee on INR transactions abroad equals the card's forex markup from 15 Jan 2026. Fee-waiver spend excludes rent, government and education payments; a fee reversal forfeits annual gifts. |
Questions
- What is the annual fee of the ICICI Times Black Credit Card?
- Rs 20,000 a year, before GST. It is waived if you spend Rs 25,00,000 in a year.
- Does the ICICI Times Black Credit Card give airport lounge access?
- Yes. In India: Unlimited, primary and add-on. Outside India: Unlimited via Priority Pass, primary and add-on. Conditions: No spend condition. Guest policy not stated by issuer.
- What is the forex markup on the ICICI Times Black Credit Card?
- 1.49% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the ICICI Times Black Credit Card?
- No points on fuel, rent, EMI-converted transactions (reversed)