ICICI Bank Purchase Card
KeepFree, embossed with your name, 45 days to pay — and a cash rebate nobody will put a number on.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until ICICI Bank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
3 notes on the card itself: how it is issued · the network variants · why it ranks #556
Why #556 Carried, not ranked. ICICI's base procurement card: free, embossed with a named cardholder, 45 days of interest-free credit and no interest rate at all because it cannot revolve. The cash rebate it is sold on is never priced.
The take
ICICI's Purchase Card is the plain procurement instrument: vendor payments, office supplies, utilities, and — ICICI says so explicitly — "travel agencies for managing airline and hotel bookings". It is free on both lines, joining and annual, on the page and in the Corporate Cards MITC. The mechanics are better than the category usually manages. Interest-free credit runs "up to 45 days", the company picks from multiple billing dates to match its cash flow, transaction data loads straight into the ERP, and statements come card-account-wise through a self-care or admin portal. There is no interest rate to quote because there is no interest: ICICI's MITC puts "All Other Corporate and Purchase Cards" at "NA - No revolving Credit facility", and its own worked example says "For CCCL/CCSL and Purchase Card: No interest charge is levied; only late payment charge is levied on the Total Amount Due." Miss the date and the charge is 3% of the total amount due, minimum ₹1,000 — steep, and the only real penalty in the product. What it will not tell you is what it pays. ICICI sells the card on a cash rebate — it is one of three headline benefits and a bullet in the "Best for" block — and then publishes no rate for it anywhere: not on the page, not in the MITC, not in the 33-page terms document. So this desk prices it at nothing rather than at a guess, and a company negotiating one should treat the rebate as the thing to ask about in writing. Two limits worth knowing before you count on it: there is no cash at all — the MITC's cash withdrawal limit for the Purchase Card and CTA Card reads Nil — and foreign spend costs 3.5% plus a 1% dynamic-conversion fee, which is India's norm and no better.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
ICICI Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
What has changed under this card
- 10 Sep 2026 ICICI's September lounge list drops four doors and adds Bhogapuram issuer-wide
- 29 Aug 2026 ICICI un-reserves Mumbai's Adani Silver lounge — the whole Annexure-1 board gets in issuer-wide
- 1 Jul 2026 ICICI's lounge-gate exemption expires for Adani One and MakeMyTrip issuer-wide
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Nil to join and nil a year, on the product page and in the Corporate Cards MITC's own row
- Up to 45 days of interest-free credit, with a choice of billing dates to match the company's cash flow
- No interest rate at all: ICICI's MITC puts all purchase cards at "NA - No revolving Credit facility"
- Transaction data loads directly into the company ERP, with card-account-wise e-statements
- Card controls, statements and downloads through a self-care or admin portal
- A named cardholder: the plastic carries an embossed name, the company name, a signature panel and a membership number
- Explicitly sold for travel agency use — "managing airline and hotel bookings" — as well as vendor and utility payables
Watch out
- The cash rebate ICICI sells it on has no published rate, threshold or schedule anywhere — get it in the programme agreement
- Late payment costs 3% of the total amount due with a minimum of ₹1,000, and it is the only penalty because there is no interest
- No cash: the MITC's cash withdrawal limit for the Purchase Card and CTA Card reads Nil
- Forex is 3.5% plus a 1% dynamic currency conversion fee — India's norm, no advantage
- No lounge access is published for it, and it opens no door on our map
- No personal card facilities at all: ICICI's MITC rules out balance transfer, EMI on call, merchant EMI, add-on cards and personal loans on every corporate and purchase card
- A utility payment above ₹50,000 in one transaction carries a 1% fee, which matters on a card sold for utility payables
What these points actually fly
ICICI Bank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
A corporate programme with an individual application inside it: the company signs a Corporate Application Form through an Authorised Signatory, and each cardholder signs an Individual Application Form for their own card. ICICI publishes a live "APPLY NOW" on the product page and no turnover or headcount bar. Cards are issued "only to such Cardholders who have been authorized by the Authorized Signatory of the Corporate".
ICICI Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 10 Sept 2026ICICI's September lounge list drops four doors and adds BhogapuramThe prior edition opened Bhubaneswar's landside Bird Lounge, Vadodara's Premium Lounge, Visakhapatnam's Airr Lounge and Bar, and Dehradun's landside Bird Lounge, and filed Ahmedabad T2 international as The Lounge opposite Gate 3 → Those four rooms are gone. Bhubaneswar keeps O'Vetra near Gate 8, Dehradun keeps Carnations in the security hold, Vadodara is off the list, and Visakhapatnam's rows are Encalm domestic and international at Bhogapuram. Ahmedabad T2 international is Adani Silver Lounge - International, Gate 08, and it is not asterisked
ICICI re-saved its consolidated domestic lounge list on 10 September 2026 and moved rooms, not quotas. Four doors an Annexure-1 card used to open are off the list: Bhubaneswar's landside Bird Lounge (O'Vetra, airside near Gate 8, stays), Vadodara entirely, Visakhapatnam's Airr Lounge and Bar, and Dehradun's landside Bird Lounge (Carnations, in the security hold, stays). Visakhapatnam's replacement is two Encalm rooms at Bhogapuram, which this map does not carry yet — the airport is not in our coordinate file, so those doors are recorded here and not drawn. Ahmedabad's T2 international row is no longer The Lounge opposite Gate 3. It is Adani Silver Lounge - International, first floor, Gate 08, and the row has no asterisk, so the whole Annexure-1 board gets it at each card's own quarterly quota rather than the three unlimited cards alone. Noida's three Jewar rows are still on the PDF and still unmapped.
- 29 Aug 2026ICICI un-reserves Mumbai's Adani Silver lounge — the whole Annexure-1 board gets in
- 29 Jul 2026Times Black publishes its eligibility bar and swaps BLADE for Thumby Aviation
- 1 Jul 2026ICICI's lounge-gate exemption expires for Adani One and MakeMyTripAdani One ICICI Signature, Adani One ICICI Platinum and the MakeMyTrip ICICI Bank Credit Card were exempt from the ₹75,000-per-quarter spend gate on complimentary domestic lounge access — "valid till Jun 30, 2026" → All three now "require spends of ₹ 75,000 to be made in a calendar quarter to unlock airport lounge access in the next calendar quarter, with effect from Jul 01, 2026"
ICICI's MITC, headed "Last updated on Aug 2nd, 2026", carries the expiry date inside the exemption list itself and then restates it as a dated instruction below. No lounge visit is removed — MakeMyTrip keeps 2 domestic a quarter plus 1 international, Adani One Signature 4 a quarter plus 2 Priority Pass, Adani One Platinum 2 a quarter — but all of them now cost ₹3 lakh of routed annual spend on top of the fee, which reprices the ₹750 Adani One Platinum hardest. The ₹75,000 excludes rent, government, education, EMI, fees, interest, DCC and reversals, and the qualifying quarter is offset (26th to 25th), so the spend that unlocks Oct-Dec was made between 26 June and 25 September. Worth flagging for the desk: ICICI's own "Upcoming changes to Credit Card features and charges" page, re-read 28 August 2026, still lists MakeMyTrip among the exempt cards with no expiry, and never names the Adani One pair at all. Two live ICICI documents, two different answers; the MITC is the regulated one and the more recently dated, so it is the one we follow.
- 1 Feb 2026ICICI gates its BookMyShow movie perk behind quarterly spend
- 15 Jan 2026ICICI caps transport rewards and excludes rent, tax, fuel spends
- 15 Nov 2024ICICI's November purge: rewards, lounges and 1% fees
- 5 Feb 2024ICICI stops rewards on rent and wallet loads
Every ICICI Bank change we've dated → 10 events since 2019, 7 of them nerfs — worst year 2026.
Verified against ICICI Bank's own documents on
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 3 of them, each with the day we read it
- official ICICI Bank Purchase Card product page — the nil joining and annual fee, the 45-day interest-free period, the late-payment charge and the embossed-name card description
- official ICICI Bank's Corporate Cards MITC, updated 12 March 2026 — the card's own nil fee row, the no-revolving rule, the nil cash limit and the 3.5% forex band
- official Terms & Conditions governing ICICI Bank's Corporate & Purchase Card Facilities — the definitions of Cardholder and Individual Application Form