Ascent Business Advantage Credit Card FAQs

The Business Ascent Credit Card is designed for small business owners and self-employed professionals. It offers reward points on every payment, fuel surcharge waiver, AMEX lifestyle privileges and business expense control.

Business Credit cards are specifically designed for entrepreneurs , proprietors and MSMEs to manage business finances more efficiently

Stand-out features include 2 complimentary domestic airport lounge visits per quarter, fuel surcharge waiver on transactions at petrol pumps, SME-exclusive offers across categories, and AMEX privileges.

Reward points are earned for every ₹200 spent: 4 points on airline & dining, 3 points on other spends

You earn 3,000 reward points on payment of first month’s bill and 2,000 reward points within 30 days of paying the annual fee.

Points can be redeemed for movie tickets, flight tickets, hotel vouchers, mobile phones, electronics and lifestyle products.

The card includes two complimentary domestic airport lounge visits every quarter and reward points.

It allows tracking and managing spends via an Admin/Self-care portal where you can view/download statements and monitor SME offers.

Yes — the SME-focused card offers personal lifestyle and travel privileges (AMEX offers) in addition to business expense rewards.

After you’ve met the eligibility criteria and decided on the Business Credit Card that fits your needs, the next step is to get your documents in order. Being prepared with the right documentation ensures a quicker and smoother application experience. The list of documents might vary based on the constitution of the registered business. For a self employed business indicative list of documents are mentioned below: ·        Business Registration or Incorporation Certificate·        Proof of the business’s registered office address.·        Financial documents ( bank statements/ audited financial / GST return) Bank will perform additional due diligence based on the financial assessment of the submitted documents.

Yes — the self-employed or business owner must furnish proof of business (such as turnover or income proof) besides personal KYC to meet the income eligibility criteria.

You can apply online via the ICICI Bank website by selecting the Business Card variant and submitting the application form. Branch assistance is available if required.

Business Credit Cards are designed for entrepreneurs, business owners, and self-employed professionals. While the exact requirements may vary, applicants are typically expected to:·        Own or manage a registered business/professional practice in India·        Have a stable financial track record Apart from these conditions, Bank may also consider other factors pertaining to business stability and history before approving the application.If you own a business or are a professional with steady income, you can check your eligibility and apply with ease. 

If only the minimum due is paid, interest is charged at 3.75% per month on the outstanding amount.

The credit limit is set based on business turnover, credit history, income, and ICICI Bank’s internal underwriting criteria for SME business credit cards.

The card offers a fuel surcharge waiver of 1.0% of transaction value at all petrol pumps, subject to terms.

Yes — the annual fee can be waived if you spend ₹7,50,000 in the anniversary year.

If payment is delayed or only minimum due is paid, you’ll incur interest at 3.75% per month and may lose the benefits such as reward-point accumulation.

Yes , emi is supported

The monthly statement will reflect your transactions; you must pay the minimum due (or ideally full outstanding) by the due date to avoid interest and maintain benefits.

You should block your Credit Card immediately through the iMobile app under Cards & Forex > Block, or via Internet Banking by navigating to Cards > Credit Cards > Manage Your Credit Card > Block Card. You can also call Customer Care from your registered mobile number or visit the nearest ICICI Bank branch to block the card and request a replacement.

Yes — via the Admin/Self-care portal you can monitor and manage card controls, set merchant category restrictions or limits per employee.

The card is issued by ICICI Bank and includes standard secure payment features, account monitoring, SME spend controls and the benefits of AMEX network privileges.

On account closure, unused reward points may lapse. It is recommended to redeem your points before initiating closure.

You may request card cancellation via ICICI Bank once all dues are cleared and no pending transactions remain; consult your relationship manager for formalities.

Through ICICI Bank’s online Admin/Self-care portal you can track spends, download statements and manage card usage across authorised employees or categories

Yes — you can make change requests for card-holder details, update limits or manage authorised signatories via your business-banking relationship with ICICI Bank.

The product description does not explicitly mention add-on cards; business owners should check with ICICI Bank for the option under Business Ascent Credit Card.

If your complaint remains unresolved, you may escalate to the bank’s grievance redressal cell or approach the Banking Ombudsman as per regulatory guidelines.

Contact ICICI Bank’s card servicing team or your relationship manager, provide transaction and card details, and the bank will investigate according to its policy.

Yes — the card offers a fuel surcharge waiver of 1% at participating petrol pumps, helping reduce business fuel expense.