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ICICI Bank Business Advantage Black
ICICI's mainstream business card for self-employed professionals and small business owners — a flat 1% cashback on eligible business spend (capped at ₹2,000/month), quarterly domestic lounge access, and dining discounts, all wrapped in fees that are easy to waive with routine business turnover. Reward economics are unremarkable once the monthly cap is hit, so it works better as a spend-tracking and lounge-access tool than a rewards-maximizing card.
Annual fee
₹1,000
Joining fee
₹1,500
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to business owners managing company spend with a credit score of roughly 700+ whose spend is concentrated in dining. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: 2 complimentary domestic airport lounge visits per quarter
Benefits by category
- 🍽️ Dining & food delivery
15% off dining bills at 2,500+ Culinary Treats partner restaurants across 11 cities
- ✈️ Travel
2 complimentary domestic airport lounge visits per quarter
- ⛽ Fuel
1% fuel surcharge waiver at HPCL pumps, capped ₹500/month
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹50,000
- Employment: self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹7,50,000
- Rewards redemption fee: Free for redemption as statement credit or ICICI's own reward catalogue vouchers; ₹99 + GST per redemption request for select third-party gift/merchandise catalogue items
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver, capped at ₹500/month
- Cash advance charges: 2.5% of the transaction amount or ₹500, whichever is higher, plus applicable GST
Benefits
- 2 complimentary domestic airport lounge visits per quarter
- 1% fuel surcharge waiver at HPCL pumps, capped ₹500/month
- 15% off dining bills at 2,500+ Culinary Treats partner restaurants across 11 cities
Pros
- + Easy fee waiver on routine business turnover (₹7.5L/year)
- + Quarterly domestic lounge access included
- + 15% dining discounts at 2,500+ Culinary Treats partner restaurants
- + Employee add-on cards with spend controls, useful for business expense management
Cons
- − Cashback capped at just ₹2,000/month
- − No accelerated rate on any specific business spend category
- − Self-employed-only eligibility excludes salaried business owners
Best for