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.