Best ICICI Business Credit Cards: Which One Should You Pick?

Running a business means managing payments, travel, vendor transactions, and cash flow - all at the same time. That's where an ICICI Business Credit Card becomes more than just a payment tool. It helps track expenses, gives access to working capital, offers rewards, and simplifies accounting. With dedicated features for SMEs, startups, and professionals, ICICI Bank now has one of the widest selections of business cards in India.

This guide explains the best ICICI business credit cards, their benefits, charges, limits, eligibility, and how to choose the right card for your company.

Table of Contents

1. What Are ICICI Business Credit Cards?
2. Best ICICI Business Credit Cards
3. Benefits of Using an ICICI Business Credit Card
4. Eligibility Criteria for ICICI Business Credit Cards
5. How to Apply for an ICICI Business Credit Card
6. ICICI Business Credit Card vs ICICI Corporate Credit Card
7. Which ICICI Credit Card Is Right for Your Business?

What Are ICICI Business Credit Cards?

An ICICI Bank Business Credit Card is designed for small and medium businesses, professionals, and entrepreneurs who need a secure and trackable way to manage business expenses. Unlike personal cards, these cards offer higher limits, GST-friendly statements, employee card controls, and business-specific rewards.

ICICI business credit card limits typically start around ₹2 lakh and may go up to ₹25 lakh or more, depending on financials and banking relationship. The cards also offer insurance, travel privileges, fuel savings, and expense management tools tailored for business needs.

Best ICICI Business Credit Cards

Below are the key business cards offered by ICICI Bank, along with their top features, fees & charges:

1. ICICI Bank Business Advantage Black Card

The Business Advantage Black Card is best for businesses with high monthly spending, looking for strong cashback value. It offers consistent savings on domestic and international transactions and helps track business expenses via VISB. Fee waivers and insurance benefits make it cost-effective in the long run.

Key Features & Benefits:

• Up to 1% cashback on domestic & international spends
• Complimentary Visa IntelliLink for Small Business (VISB) access
• 2 complimentary domestic airport lounge visits per quarter
• Joining fee waiver on ₹75,000 spend within 60 days
• Annual fee waiver on ₹7,50,000 yearly spend
• Insurance coverage up to ₹75 lakh
• 1% fuel surcharge waiver

Fees & Charges:

• Joining Fee: ₹1,500 + GST
• Annual Fee: ₹1,000 + GST (waived on annual spends of ₹7,50,000)
• Interest Rate: ~3.75% per month
• Cash Advance Fee: 2.5% (min ₹300)
• Late Payment Fee: ₹100–₹750 (based on amount due)
• Forex Markup: 3.5%

2. ICICI Bank Business Advantage Blue Card

This card suits small and medium businesses that want straightforward cashback on daily operations—fuel, utility, and vendor payments. It provides quarterly savings reports and automatic expense tracking, making it easy to monitor team spending.

Key Features & Benefits:

• Up to 1% cashback on eligible business spends
• Complimentary access to VISB Expense Manager
• Quarterly savings reports for budgeting
• Annual fee waiver on meeting yearly spend criteria
• 1% fuel surcharge waiver
• Global acceptance for online & offline transactions

Fees & Charges:

• Joining Fee: ₹500 + GST
• Annual Fee: ₹500 + GST (waived on annual spend of ₹5,00,000)
• Interest Rate: ~3.75% per month
• Cash Advance Fee: 2.5% (min ₹300)
• Late Payment Fee: ₹100–₹750
• Forex Markup: 3.5%

3. ICICI Bank Business Platinum Credit Card

The ICICI Business Platinum Card is designed for businesses that want everyday savings and spend control. With dining discounts, fuel waiver, and insurance cover, it supports offices, professionals, and MSMEs with moderate monthly usage.

Key Features & Benefits:

• 1% fuel surcharge waiver across HPCL outlets
• Complimentary fire & burglary insurance for office premises
• Purchase protection against theft/damage
• 24×7 global concierge support
• Worldwide acceptance

Fees & Charges:

• Joining Fee: ₹999 + GST
• Annual Fee: ₹999 + GST
• Interest Rate: ~3.4% per month
• Cash Advance Fee: 2.5% (min ₹300)
• Late Payment Fee: ₹100–₹750
• Forex Markup: 3.5%

4. ICICI Gold Business Credit Card

The ICICI Gold Business Credit Card is designed for MSMEs, traders, wholesalers and professionals who want a simple, cost-effective business card with fuel benefits, insurance and wide acceptance. It is positioned as an entry-to-mid-level business card with essential features for growing businesses.

Key Features & Benefits:

• 1% fuel surcharge waiver across HPCL outlets
• Purchase protection for business assets & equipment
• Concierge service for travel & bookings
• Global acceptance for online and offline payments
• No-cost add-on cards for employees
• SMS/Email alerts for expense tracking
• Contactless payment enabled

Fees & Charges:

• Joining Fee: Nil
• Annual Fee: Nil
• Interest Rate: ~3.75% per month
• Cash Advance Fee: 2.5% (min ₹300)
• Late Payment Fee: ₹100–₹750
• Forex Markup: 3.5%

Also, check out the Top ICICI credit cards with features, eligibility, and charges on Finology Select.

Benefits of Using an ICICI Business Credit Card

Here are the key benefits of using an ICICI Business Credit Card:

1. Higher Credit Limit for Businesses

Limits generally range from ₹2 lakh to ₹25 lakh, depending on turnover, ITRs, and banking history. This helps manage vendor payments, travel, and bulk purchases without affecting cash flow.

2. GST-Ready Statements

ICICI provides GST-compliant monthly statements, making tax filing and expense segregation easier.

3. Expense Control for Employee Cards

Businesses can issue add-on cards to employees with custom controls, such as:

• Per-transaction limits
• Category-based restrictions (fuel, travel, utilities, etc.)
• Daily or monthly usage caps

This ensures spending stays aligned with internal budgets and policies.

4. Savings & Cashbacks

Most ICICI Bank business credit cards offer structured savings on everyday spends, such as:

• Up to 1% cashback on business payments
• 1% fuel surcharge waiver at major outlets
• Discounts on travel, dining, stays & online services through partner offers

These benefits help reduce operational expenses over the year.

5. Built-in Insurance

Depending on the card variant, businesses get access to multiple insurance covers:

• Purchase protection for business equipment
• Travel insurance for employee trips
• Fire & burglary insurance for office premises

These safeguards add value by reducing potential risk costs.

6. International Usage

Some cards support global payments with dynamic currency conversion and added travel privileges.

Eligibility Criteria for ICICI Business Credit Cards

The Eligibility for ICICI Business Credit Cards varies by card, but ICICI generally requires:

• Registered Business Entity: Proprietorship, Partnership, LLP, Pvt Ltd, or Public Ltd company
   
• Minimum Turnover: Usually ₹10 lakh–₹1 crore per year, depending on the card
   
• Age: Applicant should be 21–65 years
   
• Credit Score: Preferably 700+
   
• Financial Documents: ITR, GST returns, and bank statements

Professionals like CAs, doctors, lawyers, and consultants may also apply.

How to Apply for an ICICI Business Credit Card

To apply for an ICICI Business Credit Card, you can use the online application process or contact ICICI Bank directly. Here is the step-by-step process:

Step-by-Step Application Process

1. Visit ICICI Bank’s official website
Go to the Business Credit Cards section or use the “Apply Now” option for your chosen card.

2. Choose the preferred ICICI Business Credit Card
Compare features, cashback, fees, and rewards to select the one that suits your business needs.

3. Fill out the application form
Provide basic business details, ownership structure, PAN, and contact information.

4. Upload the required documents:

• Business registration proof
• KYC of the applicant
• ITR/audited financial statements
• Recent bank statements
• Any additional documents requested by the bank

5. Complete the video KYC (if applicable)
ICICI verifies identity and PAN in a short online process.

6. ICICI reviews the application
The bank evaluates cash flow, banking history, and financials to assign the ICICI business credit card limit.

7. Approval & Card Dispatch
Once approved, the card is dispatched within 5–10 working days, and digital access may be provided instantly via the ICICI iMobile or corporate portal.

ICICI Business Credit Card vs ICICI Corporate Credit Card

Feature	ICICI Business Credit Card	ICICI Corporate Credit Card
Target Users	SMEs, MSMEs, Professionals, Startups	Large companies, MNCs, enterprises
Credit Limit	₹50,000 to ₹10 lakh	Higher institutional limits
Expense Reporting	VISB, myBiz	Advanced corporate MIS, ERP integrations
Liability Type	Personal + business liability	Corporate liability
Fees	₹500–₹1,500 annually	Custom pricing
Controls	Basic spend limits	Advanced controls (limits, MCC restrictions, workflows)
Insurance	₹50,000–₹75 lakh	Higher corporate-grade coverage
Use Case	Daily expenses, travel, utilities	Large-scale employee expense programs

Which ICICI Credit Card Is Right for Your Business?

Card	Best For	Cashback/Rewards	Travel Benefits	Annual Fee
Business Advantage Black Card	High-spend businesses	Up to 1%	Airport lounges	₹1,500
Business Advantage Blue Card	Daily operations	Up to 0.75%	Basic	₹500
Business Platinum Card	Dining + office use	Discounts	15% dining	₹999
Gold Business Credit Card	MSMEs, traders & professionals	Fuel savings + insurance	Basic travel concierge	Nil

Conclusion

ICICI Business Credit Cards provide a clear and efficient way for businesses to manage payments while earning steady value on recurring spends. With multiple variants designed for travel needs, operational expenses, and higher monthly transactions, companies can choose a card that aligns with their spending profile.

For organisations aiming for smoother expense handling and consistent benefits on business payments, an ICICI Bank Business Credit Card serves as a strong addition to their financial setup. Also, if you’re exploring the best credit cards in India, Finology Select helps you compare the top options and find the one that matches your spending needs and benefits.

Want to compare business cards with higher lifestyle and travel privileges? Check ICICI Premium Credit Cards for a clear breakdown of benefits, reward structure, and suitability across spending profiles.

FAQs

1. What is the starting credit limit of an ICICI business credit card?
The typical ICICI business credit card limit starts from around ₹50,000 and can go up to several lakhs based on business turnover and bank relationship.

2. Which is the best ICICI business credit card for cashback?
The ICICI Business Advantage Black Card offers the highest cashback of up to 1% on eligible spends.

3. How is an ICICI business credit card different from an ICICI corporate credit card?
A business card is for SMEs and startups, while an ICICI corporate credit card is designed for large enterprises with advanced controls, higher limits, and corporate liability.

4. Do ICICI business credit cards offer fuel benefits?
Yes, most ICICI business credit cards provide a 1% fuel surcharge waiver, subject to transaction limits.

5. Can startups apply for an ICICI Bank business credit card?
Yes. Startups with a stable cash flow and basic documentation (GST, bank statements) can apply, and limits are assigned based on financials.

6. Which ICICI business credit card is good for travel?
The myBiz ICICI Bank Business Credit Card is the best for businesses with frequent travel requirements