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Travel on Points

myBiz ICICI Bank Business Credit Card

ArvindTravel on Points

Comprehensive review of myBiz ICICI Bank Business Credit Card by Business Cards — fees, reward earning rates, airport lounge access, and key benefits.

myBiz ICICI Bank Business Credit Card
Business CardsBusiness Cards

myBiz ICICI Bank Business Credit Card

Annual feeNil
Reward typeReward Points

Card overview

  • Joining fee

    ₹500 + GST

  • Annual fee

    Nil

  • Best suited for

    Shopping

  • Reward type

    Reward Points

Rewards & cashback

  • Rewards rate

    1 myBiz cash for every ₹200 domestic spends; 1.25 myBiz cash for every ₹200 international spends; 2 myBiz cash for every ₹200 spent on flight bookings; 3 myBiz cash for every ₹200 spent on hotel bookings

  • Welcome benefits

    Bonus 500 myBiz cash

  • Reward redemption

    Earn Rewards as myBiz Cash, which Can be Redeemed at MMT myBiz

Features & benefits

  • Domestic lounge

    1 complimentary lounge access every quarter

Fees & charges

  • Rewards redemption fee

    ₹99

  • Foreign currency markup

    3.50%

  • Interest rates

    3.67% monthly (44% annually)

  • Fuel surcharge waiver

    1% surcharge waiver across all petrol pumps

  • Cash advance charges

    2.5% or a Minimum of ₹300

Product highlights

  • There is no renewal fee after the first year.
  • New cardholders receive a bonus of 500 myBiz cash when they join.
  • Cardholders can access domestic airport lounges once every quarter.
  • Earned myBiz cash can be redeemed for future travel and accommodation expenses.

Pros & cons

Pros

  • New cardholders receive 500 myBiz cash upon joining.
  • Concierge services are provided 24/7.

Cons

  • The card does not provide offers or cash back for dining, entertainment, or movie-related expenses.
  • To enjoy lounge access in the next quarter, cardholders must spend a minimum of ₹35,000 in the current quarter.

Frequently asked questions

Is there a renewal fee with the myBiz ICICI Bank Business Credit Card?

No, after the joining fee of ₹500 plus taxes, there is no renewal fee after the first year.

What happens if I don’t meet the spending requirement for lounge access?

If you don’t spend a minimum of ₹35,000 in the current quarter, you won’t get lounge access for the next quarter.

How can I apply for the myBiz ICICI Bank Business Credit Card?

You can apply for the myBiz Business Credit Card online via the ICICI Bank website or visit a branch.