ICICI Bank Times Black Credit Card Launched - Full Details & Review

[theXfactor]

Means all the benefits associated with the card will be given only after annual/renewal fee payment

This is what it looks. This essentially means that you would be paying all fees in advance before you enjoy these benefits. Moreover, even if you meet your annual threshold, your joining fee won't be reversed. For someone like me, it's hard to meet the spend threshold for annual fee waiver on non-business/official business expenses and I won't push hard to meet the annual fee waiver criteria.

Moreover, it's like several other cards in the market (a little worse though) with no practical benefits (klook, 1.5 mark-up, poor reward rate, and so on) clubbed with lost exclusivity.

Btw, so many folks opting for it speaks volumes of how ICICI-Times marketed this expensive piece.

 

[Dobbiee]

This is what it looks. This essentially means that you would be paying all fees in advance before you enjoy these benefits. Moreover, even if you meet your annual threshold, your joining fee won't be reversed. For someone like me, it's hard to meet the spend threshold for annual fee waiver on non-business/official business expenses and I won't push hard to meet the annual fee waiver criteria.

Moreover, it's like several other cards in the market (a little worse though) with no practical benefits (klook, 1.5 mark-up, poor reward rate, and so on) clubbed with lost exclusivity.

Btw, so many folks opting for it speaks volumes of how ICICI-Times marketed this expensive piece.

Something that is being distributed for free, will surely have lot of takers. Credit card collection is also a hobby.
Question is who is the daring person who activates the card and ends up paying fee. 🥳

 

[theXfactor]

Something that is being distributed for free, will surely have lot of takers. Credit card collection is also a hobby.
Question is who is the daring person who activates the card and ends up paying fee. 🥳

There are several in this forum itself, and it's perfectly alright to opt for something like this if one has needs and can exploit its benefits to the fullest. Not one size fits all.
Concern is that it's being approved for everyone regardless of person's relationship with ICICI. Haven't seen a single rejection yet on this. Tata Neu & Swiggy cards are more difficult to get than this one.

 

[sid16]

I have received 10 phone calls today itself to complete my application for this ICICI Times Black card. Simply shows how this card is such a scam!

 

[theXfactor]

I have received 10 phone calls today itself to complete my application for this ICICI Times Black card. Simply shows how this card is such a scam!

It’s like a piece of Eiffel tower in Olympic medals. What a hype ✌🏼

 

[Dobbiee]

I have received 10 phone calls today itself to complete my application for this ICICI Times Black card. Simply shows how this card is such a scam!

+1
I didnt answer calls.

 

[shu_sha]

I have received 10 phone calls today itself to complete my application for this ICICI Times Black card. Simply shows how this card is such a scam!

Ask them to give the card for zero joining and annual fees 😁

 

[Dobbiee]

It’s like a piece of Eiffel tower in Olympic medals. What a hype ✌🏼

Such hypes are short-lived. The card has already died. Think ICICI has also realised it.
Yesterday, i thought of trying to get my EPM card converted to LTF. Attached is the reply i got today. They no-where think that Times card is highest category.

 

[Anupama_Jha]

+1
I didnt answer calls.

+1
Just say "Self-employed"

 

[sid16]

+1
Just say "Self-employed"

That's not a problem for them.

 

[Nishan11]

Something that is being distributed for free, will surely have lot of takers. Credit card collection is also a hobby.
Question is who is the daring person who activates the card and ends up paying fee. 🥳

Real question is how many will dare to renew after 1st year ( I will activate it once card delivers ). Plan is for first year use only as of now & see how much benefits i can get, and if they add extra benefits without any devaluation, then I may renew, otherwise not.

 

[TechnoFinoTechnoFino is verified member.]

Real question is how many will dare to renew after 1st year ( I will activate it once card delivers ). Plan is for first year use only as of now & see how much benefits i can get, and if they add extra benefits without any devaluation, then I may renew, otherwise not.

1st year you have to pay 40K + GST (as per their t&c) next year 20k.... so think twice

 

[Nishan11]

1st year you have to pay 40K + GST (as per their t&c) next year 20k.... so think twice

Yes that I understand. I am fine with 40k+GST for first year.

After using for a year, I have to see that card is even worth for 20k or not. If yes, I will renew, otherwise not.

 

[Anupama_Jha]

That's not a problem for them.

That is . . #iykyk

 

[theXfactor]

1st year you have to pay 40K + GST (as per their t&c) next year 20k.... so think twice

We have bravehearts

 

[TechnoFinoTechnoFino is verified member.]

Related Update (20th Dec, 2024):
ICICI Bank updated their MITC once again on 16th December 2024. As per the latest MITC, the first-year fee (Rs. 20,000 + GST) for the Times Black Credit Card has been removed. Customers now only need to pay Rs. 20,000 + GST at the time of joining.

 

[snjn]

Related Update (20th Dec, 2024):
ICICI Bank updated their MITC once again on 16th December 2024. As per the latest MITC, the first-year fee (Rs. 20,000 + GST) for the Times Black Credit Card has been removed. Customers now only need to pay Rs. 20,000 + GST at the time of joining.

View attachment 77806

This is better 🥳

 

[BVCBVC is verified member.]

Related Update (20th Dec, 2024):
ICICI Bank updated their MITC once again on 16th December 2024. As per the latest MITC, the first-year fee (Rs. 20,000 + GST) for the Times Black Credit Card has been removed. Customers now only need to pay Rs. 20,000 + GST at the time of joining.

View attachment 77806

That's seems a relief news now.

 

[BVCBVC is verified member.]

Yes that I understand. I am fine with 40k+GST for first year.

After using for a year, I have to see that card is even worth for 20k or not. If yes, I will renew, otherwise not.

Admin has posted the updated fee structure. So we can see a good number of applications for ICICI now.

 

[Bionick]

Related Update (20th Dec, 2024):
ICICI Bank updated their MITC once again on 16th December 2024. As per the latest MITC, the first-year fee (Rs. 20,000 + GST) for the Times Black Credit Card has been removed. Customers now only need to pay Rs. 20,000 + GST at the time of joining.

View attachment 77806

ICICI people felt the heat right before launch.. Good move.