ICICI Bank Times Black Credit Card - Upcoming Super Premium Credit Card

[TechnoFinoTechnoFino is verified member.]

Hey TFCians,

ICICI Bank is soon launching its top-tier super-premium credit card: the ICICI Bank Times Black Credit Card.
Expected launch time: Mid November 2024

Fees:

• Joining Fee: Rs. 20,000 + GST
• Annual Fee: Rs. 20,000 + GST

Interestingly, ICICI mentions a "1st-year fee" of Rs. 20,000 + GST, similar to the Amex Centurion card's structure. It looks like the bank will charge both the joining fee and 1st-year fee at issuance, with the annual fee billed at the end of the card’s anniversary year.



However, ICICI is known for some tricky wording around card fees and waiver conditions in their MITC. For instance, I was charged an annual fee on my Emeralde Credit Card a few years back, and my consumer court case on this is still pending. (More details on that here: https://www.technofino.in/community...d-even-after-meeting-reversal-criteria.11061/)

This new ICICI Bank Times Black Credit Card will reportedly have a sleek design, exclusive to a select group of customers. According to some sources, it’s expected to offer lifestyle perks unavailable on any other credit card in India so far.



Stay tuned! I’ll update this post with more details and my review once we have the full picture.

 

[sidp]

@shrewdoc bhai tum late ho Gaye. 😁

 

[shrewdoc]

@shrewdoc bhai tum late ho Gaye. 😁

I wasn't planning on creating a Thread! 🤣

Profile Post is my jam.

 

[HumorSimpson]

I wasn't planning on creating a Thread! 🤣

Profile Post is my jam.

Anyways this MDC doesn't deserve a 📢

 

[Swastik]

We know reward rate will be abysmal.

so, for 20k per yr ICICI better give some demn fine benefits!

Some sort of times prime membership(like Times Ace on Amex Plat Charge) is expected i suppose...

 

[Lost]

A card crafted from a piece of India's history —made from the very metal of The Times of India's first printing press.


Reserved for the top 0.1%, this limited…

 

[bharath242]

nice one. will ikely be travel oriented

 

[Abhishek012]

Offer complimentary Visa-at-Doorstep service in India.

 

[BhaiyaJi]

Offer complimentary Visa-at-Doorstep service in India.

Mtlab Rupay variant to nahi aayega iska, otherwise conflict of interest ho jayega

 

[Abhishek012]

A card crafted from a piece of India's history —made from the very metal of The Times of India's first printing press.


Reserved for the top 0.1%, this limited…

Yeh official site hai kya ? if yes then reward points -

Travel effortlessly. Earn 6 reward points on flights/hotels, redeemable at 1 RP = ₹1. Unlock real value. Redeem 1 RP = ₹0.40 for rewards that enhance your lifestyle.

Earn 2 reward points on ₹100, redeemable at 1 RP = ₹1. Enhance your travels. Earn 2.5 reward points on ₹100 spent abroad, redeemable at 1 RP = ₹1.

 

[sgoyal9]

Yeh official site hai kya ? if yes then reward points -

Travel effortlessly. Earn 6 reward points on flights/hotels, redeemable at 1 RP = ₹1. Unlock real value. Redeem 1 RP = ₹0.40 for rewards that enhance your lifestyle.

Earn 2 reward points on ₹100, redeemable at 1 RP = ₹1. Enhance your travels. Earn 2.5 reward points on ₹100 spent abroad, redeemable at 1 RP = ₹1.

If true... Sounds terrible. I really don't care what "lifestyle benefits" they claim to offer. Golf that can never be availed? Event tickets that need to always be buy one get one with terms and conditions? Hotel memberships that are a dime a dozen and always striped down for Indian customers? Which flavour of tea or rather fluff will they be adding in?

 

[Andy1]

Hey TFCians,

ICICI Bank is soon launching its top-tier super-premium credit card: the ICICI Bank Times Black Credit Card.
Expected launch time: Mid November 2024

Fees:

• Joining Fee: Rs. 20,000 + GST
• Annual Fee: Rs. 20,000 + GST

Interestingly, ICICI mentions a "1st-year fee" of Rs. 20,000 + GST, similar to the Amex Centurion card's structure. It looks like the bank will charge both the joining fee and 1st-year fee at issuance, with the annual fee billed at the end of the card’s anniversary year.

View attachment 73875

However, ICICI is known for some tricky wording around card fees and waiver conditions in their MITC. For instance, I was charged an annual fee on my Emeralde Credit Card a few years back, and my consumer court case on this is still pending. (More details on that here: https://www.technofino.in/community...d-even-after-meeting-reversal-criteria.11061/)

This new ICICI Bank Times Black Credit Card will reportedly have a sleek design, exclusive to a select group of customers. According to some sources, it’s expected to offer lifestyle perks unavailable on any other credit card in India so far.

View attachment 73874

Stay tuned! I’ll update this post with more details and my review once we have the full picture.

Expected benefits:
1) 12 rp per 300 rs, 1rp =0.25 rs 😁
2)Unlimited lounge access (Quarterly spend required 5 lacs) 🤣
3) Convert to vistara air miles(air india) = 10:1 ratio
Expect devaluation next day 🤗😬🤣

 

[Infamous]

So it's effectively 40k+gst for first year?

 

[jetesh]

Bakwaas ek dum bakwaas

 

[coolguy1]

Finally a good card by ICICI?

 

[Swastik]

Finally a good card by ICICI?

I doubt that.

 

[RAMESH BABU N]

CC product designers gone bonkers ?

Targeting customers who are ready to pay 40K+GST for only 1st year.

But, the real issue is :

DO THEY REALLY NEED A CREDIT CARD ?

 

[shivamk]

A card crafted from a piece of India's history —made from the very metal of The Times of India's first printing press.


Reserved for the top 0.1%, this limited…

and rusted reward structure from 1st day itself

 

[dexter_greycells]

Considering the kind of misleading / half-hearted benefits that come with TIMES Prime, the "TIMES" branding does not come across as premium to me at all.

 

[HumorSimpson]

Considering the kind of misleading / half-hearted benefits that come with TIMES Prime, the "TIMES" branding does not come across as premium to me at all.

TIMES itself has become good TIMES khatam for us.