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ICICI Bank Business Ascent Credit Card
Sits a step above ICICI's Essential Business card, adding quarterly domestic lounge access and a richer travel/dining reward rate for SMEs and business owners with meaningfully higher spend. The ₹7.5L waiver threshold is steep for a small operation but reasonable for a growing business.
Annual fee
₹1,500
Joining fee
₹2,000
Reward type
points
Base reward rate
1.5%
Card network
Amex
Card tier
Mid
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar whose spend is concentrated in travel, dining. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1.5% base rate
- Domestic lounge access: 2 complimentary domestic airport lounge visits per quarter
Benefits by category
- 🍽️ Dining & food delivery
2% reward rate
- ✈️ Travel
2% reward rate · 2 complimentary domestic airport lounge visits per quarter.
- 🛡️ Insurance
Complimentary insurance coverage for the primary cardholder.
- ⛽ Fuel
1% fuel surcharge waiver at all petrol pumps.
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- 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: 45% p.a.
- Cash advance charges: 2.5% of the transaction amount or ₹500, whichever is higher, plus applicable GST
Benefits
- 3,000 reward points on first month's bill payment plus 2,000 within 30 days of annual fee payment.
- 2 complimentary domestic airport lounge visits per quarter.
- 1% fuel surcharge waiver at all petrol pumps.
- Complimentary insurance coverage for the primary cardholder.
Pros
- + Quarterly domestic lounge access
- + Strong dining and travel reward rate for a business card
- + Sizeable welcome bonus
Cons
- − High joining fee and a demanding annual-fee waiver spend
- − Amex acceptance gaps versus Visa/Mastercard/RuPay
- − Business documentation required to apply