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INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official icicibank.com (ICICI Bank Ltd.) Most Important Terms and Conditions (MITC).
🏛️ICICI Bank Ltd.Network: VisaBusiness & Corporate CardsLast Verified: 2026-09-28

ICICI Business Platinum Credit Card

आईसीआईसीआई बिजनेस प्लेटिनम क्रेडिट कार्ड

Commercial credit card for SMEs and traders providing cash flow management, consolidated GST invoicing, and 1 lounge visit per quarter.

Annual Fee₹499 + GST (Renewal: ₹499 + GST)
Reward Rate2 ICICI Reward Points per ₹100 spent on all commercial and retail business purchases. 3 Reward Points per ₹100 on utility and tax payments.
Airport Lounge1 complimentary domestic airport lounge visit per calendar quarter upon spending ₹35,000 in preceding quarter.
Forex Markup3.50% + GST on foreign currency transactions.
01

What Is This Card

ICICI Business Platinum Credit Card is an SME commercial credit solution designed for sole proprietorships, partnerships, and small business owners. It provides cash flow flexibility with up to 50 days of interest-free credit, consolidated GST billing reports, and 1 domestic airport lounge visit per quarter.

02

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹499 + GST (Renewal: ₹499 + GST)

Fee Waiver: Spend ₹1,00,000 or more in each preceding anniversary year to get the annual renewal fee of ₹499 waived.

🎁Welcome Benefit

Bonus ICICI Reward Points credited upon fee realization and first commercial transaction.

⚡Reward Points Structure

2 ICICI Reward Points per ₹100 spent on all commercial and retail business purchases. 3 Reward Points per ₹100 on utility and tax payments.

Redemption Value: 1 Reward Point = ₹0.25 against business merchandise catalog or statement balance credit.

🛫Airport & Railway Lounge Access

1 complimentary domestic airport lounge visit per calendar quarter upon spending ₹35,000 in preceding quarter.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Comprehensive corporate liability waiver insurance protecting business entity against unauthorized employee misuse.

Fuel Surcharge: 1% fuel surcharge waiver across all fuel stations in India on transaction amounts between ₹400 and ₹4,000.

🎯Milestone Spends & Grace Period

Milestones: Consolidated monthly GST tax invoices with categorized input tax credit (ITC) reconciliation. Annual fee reversal on ₹1 Lakh spend.

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

03

What's Missing (Eligo's Honest Disclosures)

!

Fine-Print Exclusions & Realistic Costs

Requires registered business entity proof (GST, Udyam, or Trade License). Domestic lounge access is conditional upon ₹35,000 quarterly spend. Forex markup is standard 3.50%.

Forex Markup Fee3.50% + GST on foreign currency transactions.
Cash Advance Fee2.5% of withdrawn amount or ₹500 (whichever is higher) + 3.50% monthly finance charges.
Finance Charges (Interest)3.50% per month (42.00% per annum) on revolving balances.
Late Payment SlabsNil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).
Reward Points ExpiryReward points expire 3 years (36 months) from the date of accrual.
Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, wallet top-ups, and rent payments do not earn reward points.
04

Eligibility Criteria

Self-employed proprietors, business owners, and directors aged 21 to 65 with audited annual ITR exceeding ₹6,00,000.

Age Requirement21 to 65 Years
Minimum IncomeAudited business ITR > ₹6,00,000/year (Self-Employed / Business)
CIBIL Score NoteCommercial bureau check plus personal score of 720+ required.
SBI RelationshipICICI Current Account holders receive instant pre-approved issuance.
05

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit icicibank.com/business-cards or contact branch commercial desk.
2Enter Business entity PAN and GSTIN for automated verification.
3Submit audited balance sheets and ITR acknowledgment for last 2 years.
4Designate primary cardholder (Proprietor or Director) with personal KYC.
5Complete online Video KYC session with bank official.
6Card is approved and dispatched via courier within 3 to 5 business days.

Branch Application for Offline Applicants

Apply at any ICICI Bank branch with business registration proof, audited ITR, and entity KYC documents.

Visit Official Card Page (icicibank.com)Download Official MITC (PDF)
06

Documents Required

1. PAN Card of Business Entity and Individual Authorized Signatory
2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID of applicant
3. Business Proof: GST Certificate, Udyam Registration, or Shop & Establishment License
4. Financial Proof: Latest ITR computation sheet and 6 months' current account bank statements.
07

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on ICICI Business Platinum Credit Card?
If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).. In addition, revolving finance charges at 3.50% per month (42.00% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.
Can I convert transactions on ICICI Business Platinum Credit Card into EMI?
Yes, ICICI Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.
How do I track and redeem reward points or cashback on ICICI Business Platinum Credit Card?
You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into ICICI Bank Ltd.'s official mobile banking application or web portal. 1 Reward Point = ₹0.25 against business merchandise catalog or statement balance credit. Please note: Reward points expire 3 years (36 months) from the date of accrual.
What is the interest-free grace period on ICICI Business Platinum Credit Card and how does it work?
The interest-free period on ICICI Business Platinum Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.50% per month (42.00% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.
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