The ICICI Times Black earns in Reward Points, which this calculator values at ₹1 per point. Base earn rate is 2% value back, the annual fee is ₹20,000 + GST, and forex markup is 1.49%.
Its strongest category is Utilities at 2% value back.
| Category | Value back | Detail |
|---|---|---|
| Utilities | 2% | earns, capped 5,000 RP/cycle across utility/insurance/edu/govt |
| Insurance | 2% | earns, capped 5,000 RP/cycle |
| Govt & Tax | 2% | earns, capped 5,000 RP/cycle |
Booking through SmartBuy, iShop or Travel EDGE changes the maths on this card.
| Category | Value back | Detail |
|---|---|---|
| Flights | 12% | iShop 6X on flights & vouchers |
| Hotels | 24% | iShop 12X on hotels |
| Online shopping | 12% | iShop vouchers 6X |
The ICICI Times Black earns no rewards on Fuel, Rent. Put that spend on another card.
1 RP = up to ₹1 on redemptions (₹0.40 as cashback). 1.49% forex is excellent. Fee waived at ₹25L; milestones worth up to ₹70,000 scattered from ₹2L to ₹25L.
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