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ICICI Bank Business Micro Credit Card
ICICI Bank Business Micro Credit Card is ICICI's card under the Government's Credit Card Scheme for Micro Enterprises (launched May 2026), available only to Udyam-registered micro enterprises through the Jan Samarth portal. There is no joining or annual fee and interest is 1.5% a month (18% a year), far below the 3.75% on ICICI's other cards, but an annual CGTMSE guarantee fee of 0.55% of the credit limit (plus GST) is charged. Rewards are thin (1 point per ₹200 domestic), so it is a working-capital tool for small businesses rather than a rewards card.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.125%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.125% base rate
- Reward redemption: Points redeemable for movie tickets, flights, hotel vouchers, mobile phones, electronics and lifestyle products via the ICICI Bank Rewards portal or the Self-Care portal.
- Insurance benefits: Complimentary personal accidental death cover of up to ₹10 lakh.
Benefits by category
- 🛡️ Insurance
Personal accidental death cover of up to ₹10 lakh.
- ⛽ Fuel
1% fuel surcharge waiver at HPCL pumps, capped at ₹500 a month.
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: self-employed
Fees & charges
- Rewards redemption fee: ₹99 + GST redemption handling fee per redemption request (ICICI Bank business cards MITC).
- Foreign currency markup: 3.5%
- Interest rate: 1.5% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at HPCL petrol pumps, up to ₹500 per month.
Benefits
- Issued under the Government's Credit Card Scheme for Micro Enterprises (CCME) to Udyam-registered micro enterprises, applied for via the Jan Samarth portal; scheme limits go up to ₹5 lakh with CGTMSE guarantee cover and no collateral.
- 1 reward point per ₹200 on domestic spends and 2 reward points per ₹200 on international spends.
- Personal accidental death cover of up to ₹10 lakh.
- 1% fuel surcharge waiver at HPCL pumps, capped at ₹500 a month.
Pros
- + No joining or annual fee
- + 1.5% monthly interest (18% a year), much lower than standard ICICI cards
- + Collateral-free, backed by CGTMSE guarantee cover
- + RuPay card that can be linked to UPI for merchant payments
- + ₹10 lakh accidental death cover and HPCL fuel surcharge waiver
Cons
- − Annual CGTMSE guarantee fee of 0.55% of the credit limit + GST (₹2,750 + GST on a ₹5 lakh limit)
- − Very low reward rate: 1 point per ₹200 on domestic spends
- − Only for Udyam-registered micro enterprises; 3.5% forex markup