ICICI Business Advantage Black Credit Card Review
The ICICI Business Advantage Black is an SME card combining simple cashback with lounge access, concierge and useful deals on business software and services. Here is the verified review.
- Up to 1% cashback on business spends
- 2 domestic lounge visits/quarter
- Deals on AWS, DocuSign, Evernote, Awfis, Airtel
- 24×7 concierge + insurance cover
- Fees easily waived on spends
- Cashback capped ₹2,000/month
- 1% rate is modest vs category cards
- Annual-fee waiver needs ₹7.5 lakh spend
- Business documentation required
- Reward value is flat (no accelerators)
Fees & benefits
| Item | Detail |
|---|---|
| Joining fee | ₹1,500 (waived on ₹75,000 spend in 60 days) |
| Annual fee | ₹1,000 (waived on ₹7.5 lakh annual spend) |
| Cashback | Up to 1% (cap ₹2,000/month) |
| Lounge | 2 domestic visits/quarter |
| Business deals | AWS, DocuSign, Evernote, Awfis, Airtel |
| Extras | Concierge; insurance; dining discounts; fuel waiver |
Who this card is for
- Best fit: SMEs that want simple cashback plus lounges, concierge and business-software deals.
- Skip if: you want category accelerators or higher cashback.
How to apply & how to cancel
Apply: via icici.bank.in (business cards) with business documents. Cancel: call ICICI business-card support after clearing dues.
Final verdict
The ICICI Business Advantage Black is a well-rounded SME card — straightforward 1% cashback plus genuinely useful lounge access, concierge and business-software deals, with fees that waive on spends. The flat 1% and ₹2,000 monthly cap are the limits; for businesses valuing the perks, it’s a sensible pick.
Frequently asked questions
How much cashback?
Up to 1% on eligible business spends, capped at ₹2,000 per month.
What’s the fee?
₹1,500 joining (waived on ₹75k spend in 60 days) and ₹1,000 annual (waived on ₹7.5 lakh spend).
What business deals does it offer?
Exclusive deals on AWS, DocuSign, Evernote, Awfis and Airtel business plans.
Does it offer lounge access?
Yes — 2 complimentary domestic lounge visits per quarter.
Data current as of June 2026, cross-checked against ICICI Bank and aggregators. Confirm current terms on icici.bank.in before applying.