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ICICI Bank Platinum Business Card
An entry-level business card from ICICI aimed at proprietors and small business owners who want basic expense tracking and a low fee bar rather than heavy rewards. Lounge access and a fuel waiver make it usable day-to-day, but the earn rate is modest.
Annual fee
₹999
Joining fee
₹999
Reward type
points
Base reward rate
0.5%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to self-employed applicants with a credit score of roughly 700+ whose spend is concentrated in travel. It's worth the annual fee mainly if your points value clears it.
Rewards & benefits
- Rewards rate: 0.5% base rate
- Domestic lounge access: 2 complimentary domestic airport lounge visits per quarter
- Insurance benefits: Personal accident death cover up to ₹25 lakh
Benefits by category
- ✈️ Travel
1% reward rate · 2 complimentary domestic airport lounge visits per quarter
- 🛡️ Insurance
Personal accident death cover up to ₹25 lakh
- ⛽ Fuel
1% fuel surcharge waiver at all fuel stations
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: self-employed
- Age: 21–65
Fees & charges
- 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%–45% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at all fuel stations
- 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 all fuel stations
- Personal accident death cover up to ₹25 lakh
Pros
- + Low joining and annual fee for a business card
- + Quarterly domestic lounge access
- + Personal accident insurance cover
- + Consolidated expense statements for GST-registered businesses
Cons
- − Reward rate is thin outside bonus categories
- − No milestone or spend-based fee waiver