ICICI Bank Corporate Cards – Features, Benefits, How to Apply
The ICICI Bank Corporate Card programme for T&E expenses has been developed to offer you an end-to-end solution.
Benefits of ICICI Bank Corporate Cards
- Up to 50 days of interest -free credit
- Control over employee spending
- Easy online reporting tolls & e – statement
- Dedicated RM
- Choose from Two billing dates
- Detailed spend breakup
- Attractive rebate programme
- Insurance benefits
- Convenience of cashless payment
- worldwide customer service
FEATURES OF ICICI PLATINUM CORPORATE CARD
- Joining fees for primary card – NIL
- Annual membership fees for primary card- INR 999 + GST
- Fuel surcharge waiver of 1.0% of transaction value on all petrol pumps
FEATURES OF ICICI CORPORATE GOLD CARD
- Joining fees for primary card – NIL
- Annual membership fees for primary card- NIL
- Fuel surcharge waiver of 1.0% of transaction value or INR 10 whichever is higher
List of ICICI Bank Corporate Cards
- ICICI Bank Business Advantage Blue Credit Card
- ICICI Bank Platinum Corporate Card
- ICICI Bank Gold Corporate Card
- ICICI Bank Purchase Card
- ICICI Bank Business Essential Credit Card
- ICICI Bank Business Ascent Card
- ICICI Bank Business Advantage Black Credit Card
- ICICI Bank Business Gold Credit Card
- ICICI Bank Visa Business Platinum Credit Card
Fees and Charges
| Types of Fees and Charges | Silver / Gold Corporate Credit Card | Platinum Corporate Credit Card |
|---|---|---|
| Finance Charges | CCIL: 3.40% monthly CCCL/CCSL and on Gold (Insurance Premium) Card: No revolving credit facility. | CCIL: 3.15% monthly. CCCL/CCSL: No revolving credit facility. |
| Overdue interest charges on a monthly and annualised basis | CCCL/CCSL: NA CCIL:3.40% monthly and 40.8% annually. | CCCL/CCSL: NA CCIL: 3.15% monthly and 37.8% annually. |
| Interest Free (grace) Period | CCIL:Up to a max of 48 days. CCSL/CCCL: Up to a max of 50 days Gold (Insurance Premium) Card: Up to a maximum of 40 days. (Applicable only on retail purchases and if the previous month’s outstanding balance is paid in full) | CCIL: Up to a max of 48 days CCSL/CCCL: Up to a max of 50 days (Applicable only on retail purchases and if the previous month’s outstanding balance is paid in full) |
| Joining Fees for Primary Cardholder and Add on Cardholder | NIL.( Except Gold (Insurance Premium) Card: Rs. 100+ GST) | NIL |
| Annual Membership Fees | NIL Add-on card: Not Applicable |
Rs 999 + GST Add-on card: Not Applicable |
| Charges in case of default | CCIL: 30% of the MAD (min. of ₹400 and max. of ₹600) CCCL/CCSL and Gold (Insurance Premium) Card: 3% of the TAD (min. of ₹400) |
CCIL: 30% of the MAD (min. of ₹400 and max. of ₹600) CCCL/CCSL: 3% of the Total Amount Due (min. of ₹400) |
| Cash Advance Fees | 2.5% (Min. of ₹300) Gold (Insurance Premium) Card: No Cash Advance. | CCIL: 2.5% (min. of ₹300) CCCL/CCSL: 1% (min of ₹100) |
| Outstation Cheque Processing Fees | 1% of value of cheque (min. of ₹100) | 0.5% of value of cheque (min. of ₹100) |
| Dial-a-Draft Transaction Fee | 1% of the value (min. of ₹100) | 1% of the value (min. of ₹100) |
| Fuel Surcharge | Surcharge waiver of 1% of transaction value or Rs 10, whichever is higher. | |
| Replacement Card Fees : ₹100, Fees on Cash Payment at branches: ₹100 | ||
| Duplicate Statement Fees : ₹100 , Cheque/ECS return Fees: ₹250, Charge slip Retrieval Fees: ₹100 | ||
| Foreign Currency Transactions : 3.5% , Railway Booking Surcharge: 1.8% for Internet transaction and 2.5% for other bookings | ||
| Goods and Service Tax (GST) of 18% w.e.f. July 1, 2017 will be levied on all fee & charges. | ||
