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ICICI Bank and Times Internet jointly launch a super-premium credit card

December 18, 2024

 

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Customers receive exclusive benefits including visa services at home, access to an elite club, unlimited lounge access at over 1,300 global airports, attractive reward points and access to helicopter rides.

Mumbai: ICICI Bank and Times Internet, a digital arm of The Times of India Group, today announced the launch of a super-premium co-branded metal credit card. Powered by Visa, the ‘Times Black ICICI Bank Credit Card’ provides exceptional experiences, travel benefits, luxury lifestyle services and curated privileges designed to cater to the tastes of high-net-worth individuals. Adding to its uniqueness, the inaugural cards are crafted with metal infused with historic printing plates of The Times of India, symbolising a blend of legacy and innovation.

The exclusive co-branded card offers seamless and efficient travel experiences like visa services at home, unlimited access to lounges at over 1,300 international airports, stays at luxurious hotel/resort, airport transfers, exclusive access to ‘The Quorum Club’ and lifestyle management services by CribLife.

Cardholders earn 2.5% reward points on international spends and 2% on domestic expenditures. They also receive exclusive entry to marquee events organised by The Times Group including Times Lit Fest, ET Startup Awards, ET Conversations, Art Soiree and more.

Mr. Rakesh Jha, Executive Director, ICICI Bank, said, “We are delighted to partner with Times Internet and Visa to launch the ‘Times Black ICICI Bank Credit Card’. This aligns with our customer-centric approach and commitment to introduce compelling propositions that resonate with the refined tastes and preferences of our customers. We offer a wide range of credit cards designed to cater to diverse customer needs, including travel, e-commerce, and lifestyle preferences. We believe this new credit card is going to play an important role in the overall personal banking experience offered by ICICI Bank to its customers.”

Mr. Satyan Gajwani, Vice Chairman, Times Internet, added, “The Times Black ICICI Bank Credit Card is a testament to the shared vision of leading brands coming together to redefine luxury for India’s affluent segment. Combining ICICI Bank’s experience in financial services and Visa’s global payments expertise with Times Internet’s deep understanding of premium lifestyles, this card offers unparalleled experiences. Its distinctive metal design, crafted from historic Times of India printing plates, reflects our commitment to both innovation and tradition.”

Mr. Sandeep Ghosh, Group Country Manager, India and South Asia, Visa, shared, "Visa’s partnership with Times Internet and ICICI Bank to co-create The Times Black ICICI Bank Credit Card, combines our global payments expertise with our partners’ insightful understanding of consumer behaviour - especially, the ambitious affluent. Together, we have designed a unique card, offering elevated payment experiences and distinctive value propositions for ‘India’s influential’ who value time and premiumization.”

Below are some of the major benefits of the ‘Times Black ICICI Bank Credit Card’:

Key benefits:

  • Travel visa benefits: Enjoy biometric services for visa at home, waiver on visa fees, lounge access, and concierge services.

  • Luxury stays: Experience a complimentary stay at a luxury resort.

  • Special access to The Quorum Club: Receive discounts on dining and membership, along with access to exclusive events and co-working space at the club.

  • Dining & food delivery: Get a complimentary annual membership of a leading food delivery partner.

Milestone benefits:

  • Air mobility: Choose between helicopter rides or airport transfers by luxury sedans.

  • Gift card: Receive a gift card worth ₹10,000 from a leading e-commerce brand.

  • One-night luxury stay: Enjoy a complimentary one-night stay worth ₹20,000 in a luxurious resort.

  • Annual fee waiver: Benefit from an annual fee waiver upon reaching a specified spending milestone.

Other benefits:

  • Unlimited domestic & international lounge access: Access over 1,300 airport lounges worldwide.

  • Lifestyle management services: Enjoy services like securing reservations at a well-known restaurant, obtaining concert tickets or enhancing everyday experiences.

  • Foreign currency mark-up: Benefit from a low mark-up of 1.49% on international transactions.

  • Exclusive offers: Enjoy special offers and discounts at premium retailers, luxury brands, and fine dining establishments, both online and at merchant outlets.

Reward points:

  • Reward points on all transactions: Earn 2% reward points on domestic transactions and 2.5% reward points on international spends.

*Terms & conditions apply

To know more about the card, please visit: https://www.icicibank.com/personal-banking/cards/credit-card/times-black-icici-credit-card

To apply for the card, please visit www.timesblack.com or visit the nearest branch of ICICI Bank.

For news and updates, visit www.icicibank.com and follow ICICI Bank on X at www.twitter.com/ICICIBank

For media inquiries, please contact corporate.communications@icicibank.com

About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Bank’s total assets stood at ₹ 19,76,858 crore at September 30, 2024.

About Times Internet: As India’s largest digital ecosystem, Times Internet engages over 400 million monthly visitors globally, offering news, entertainment, sports, financial services, and more.

About Visa: Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions; political or economic instability in the jurisdictions where we have operations, increase in non - performing loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov


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