ICICI

Times Black Credit Card

Good for frequent travelers with unlimited lounge access.

Should you get this?

Conditional fit

Verified

Why this card

  • Unlimited lounge access is a clear travel strength.
  • Forex markup is low at 1.49%.
  • You use airport lounges often.
Issuer evidence · 3 sources →

Trade-off

The annual fee (₹20,000) is waived only when eligible annual spend exceeds ₹25,00,000.

Annual fee ₹20,000 per year
Rewards 2 pts / ₹100
Lounge access ∞ unlimited domestic + international
Forex markup 1.49% low
Compare with Axis Bank Burgundy Private →

Similar tier comparison

What it costs to get, and to keep

Joining vs renewal

First year

₹20,000joining fee

From year 2

₹20,000renewal fee

Waived above ₹25,00,000 eligible annual spend

Welcome offer

CVP joining bundle (issuer T&C)

Atlys · OneVasco · EaseMyTrip · Zomato Gold · Toni&Guy · Interflora · CribLife

Qualification and fulfilment conditions apply

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
General spend2 pts / ₹100Credited as reward pointsNot stated

Redemption value

What a Reward Point is worth

  1. Vouchersup to₹1 / pt

    ₹25 redemption fee

  2. Cash redemption value₹0.40 per Reward Point

When does this card pay for itself?

Rewards break-even estimate
₹25L

Conservative yearly spend needed at the ₹0.40-per-point ranking floor.

Best documented case: about ₹10L at ₹1 per point.

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

2 points per ₹100 on eligible spend

Verified value

₹0.4 per point

Cashback

Realisation

Credited as reward points

Costs & fees

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Annual fee waiver₹25,00,000yearAnnual fee waiver

Watch outs

Before choosing this card
  • Annual fee is ₹20,000, so value depends on actual usage.
  • Fee waiver requires spend above ₹25,00,000 annually.

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Up to ~1,000 pts/month if the entire spend qualifies for base earn · uses base/general earn rate. Excluded transactions earn less.
  • Worth ~₹400 at the conservative redemption floor
  • Fee waiver unlikely at this spend
  • Forex cost ~₹750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
Unlimited · verified 6 Jul 2026 Unlimited domestic lounge access

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
International (cardholder)
Unlimited Requires Priority Pass card

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Guest access
Guests: paid access
ICICI domestic airport lounge list , opens external site

Lounge network

Rewards

Points per ₹100
2 points per ₹100 value depends on redemption
Effective return (honest floor)
~0.8% base at the cash-redemption floor; up to ~2% through documented voucher redemption · verified 6 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
Cash redemption value
₹0.40 per Reward Point · verified 6 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.

Insurance Cover

Air accident cover
₹3 crore · verified 6 Jul 2026
Lost card liability cover
₹50,000 · verified 6 Jul 2026
Underwriter
Insured by ICICI Lombard General Insurance Company Limited · verified 7 Jul 2026
Fees & charges

Fees

Monthly interest rate
3.75% / month
Annual fee
₹20,000
Joining fee
₹20,000 · verified 3 Sept 2026
Fee waiver spend
Above ₹25,00,000 · verified 3 Sept 2026 Annual fee waived on eligible anniversary-year spend above ₹25,00,000.
Interest-free period
Up to 48 days · verified 7 Jul 2026

International Use

Forex markup
1.49%

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Product tier
Super-premium

Travel & perks

Fuel Benefits

At the pump
  • 1% fuel surcharge waived.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
SIDE BY SIDE
ICICI Bank Times Black
vs
Axis Bank Burgundy Private
SIDE BY SIDE
ICICI Bank Times Black
vs
Axis Bank Magnus
SIDE BY SIDE
ICICI Bank Times Black
vs
Axis Bank Primus
SIDE BY SIDE
ICICI Bank Times Black
vs
Kotak Mahindra Bank White Reserve

The fine print

Caps · exclusions · earning · redemption · last refresh

Exclusions

These spends do not earn reward points.

Payments

  • Rent

Redemption & expiry

  • Voucher redemption: ₹25 redemption fee per redemption

Latest update

  • Annual fee: ₹20,000.
  • Forex markup currently listed at 1.49%.
  • Unlimited domestic lounge · Unlimited international.

Common questions

From verified card facts

Is this good for lounge access?

Unlimited domestic lounge + Unlimited international. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 1.49%, which can be useful for international spends if the annual fee and usage pattern still make sense.

Is the annual fee easy to recover?

Fee waiver applies above ₹25,00,000 annual spend. Verify eligible spend exclusions before counting on it.

When do welcome benefits arrive?

CVP joining bundle (issuer T&C). Included items: Atlys — Travel visa processing fee waiver up to ₹10,000, OneVasco — VAYD / premium lounge / visa concierge up to ₹10,000 via Times Black Visa Wallet, EaseMyTrip — Luxury stay gift voucher — hotel bookings on Easemytrip.com, Zomato Gold — Free annual Zomato Gold membership voucher, Toni&Guy, Interflora, CribLife — 6 complimentary lifestyle-management services per year. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.

Learn

Learn more

Guides matched to this card — not a random syllabus.

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Last refreshed 3 Sept 2026 moneymatters.cards Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

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