Eligibility Criteria for ICICI Emeralde Private Metal - Discussion

[Prem03]

Not sure if it's specific to EPM. Since the application is already showing up in process, I would wait for a day or so before going for Video KYC/biometrics etc.

Yes, 12+ is only for EPM. It's 18+ for others.
See here
https://www.icicibank.com/blogs/credit-card/add-on-credit-card

 

[Dobbiee]

Yup, that's what I said, video KYC is required. If the child is not cooperating with the video KYC process, you can open the account also for your minor son.

Can do a manual kyc also.
Also if you have wealth account, you can open their wealth accounts and group them as family. All would get wealth privileges.

Also what is the need to give a child a credit card. Arent we giving them early habit to spends.

 

[theXfactor]

Yes, 12+ is only for EPM. It's 18+ for others.
See here
https://www.icicibank.com/blogs/credit-card/add-on-credit-card

It’s 18 yrs. However, bank says it can be issued to above 12 at their discretion so non-EPM card holders can give it a shot. EPM isn’t explicitly specified anywhere. Refer to the screenshot from their Plus card T&C.

https://www.icicibank.com/content/dam/icicibank/india/managed-assets/docs/terms-condition/tnc_english.pdf

 

[Prem03]

Can do a manual kyc also.
Also if you have wealth account, you can open their wealth accounts and group them as family. All would get wealth privileges.

Also what is the need to give a child a credit card. Arent we giving them early habit to spends.

Add-on cards provide free lounge access, so that's the main benefit if you get it for a 12+ minor.

 

[theXfactor]

Can do a manual kyc also.
Also if you have wealth account, you can open their wealth accounts and group them as family. All would get wealth privileges.

Also what is the need to give a child a credit card. Arent we giving them early habit to spends.

My son is 14 yr old and so it’s not an issue. What I wanted to understand if video KYC stuff was actually required or just an online application and usual consent process would do. I did the latter and it showed application in process so thought to wait for a day before I call for v-kyc.

Second, my son isn’t going to use credit card at all, it will be with me for now. He may need it later, may be before he would turn 18 but that’s not my purpose anyway.
The primary purpose for addon card for him is Priority Pass which helps us during international travels specially in certain lounges where names are verified with boarding passes. More so, we may use this additional card at domestic lounges as well without us having to use some other card for his access. EPM domestic lounges network is pretty good and having Infinia and likes can’t get him access to certain lounges like B’lore 080 VIP.

So when ICICI offers you an addon for your teen that too complimentary then why not when it offers you additional lounge privileges, additional free movie tickets 🙂 etc.

 

[Prem03]

It’s 18 yrs. However, bank says it can be issued to above 12 at their discretion so non-EPM card holders can give it a shot. EPM isn’t explicitly specified anywhere. Refer to the screenshot from their Plus card T&C.

https://www.icicibank.com/content/dam/icicibank/india/managed-assets/docs/terms-condition/tnc_english.pdf

I saw this on reddit, so I thought it's only for EPM 🙂

 

[Prem03]

My son is 14 yr old and so it’s not an issue. What I wanted to understand if video KYC stuff was actually required or just an online application and usual consent process would do. I did the latter and it showed application in process so thought to wait for a day before I call for v-kyc.

Second, my son isn’t going to use credit card at all, it will be with me for now. He may need it later, may be before he would turn 18 but that’s not my purpose anyway.
The primary purpose for addon card for him is Priority Pass which helps us during international travels specially in certain lounges where names are verified with boarding passes. More so, we may use this additional card at domestic lounges as well without us having to use some other card for his access. EPM domestic lounges network is pretty good and having Infinia and likes can’t get him access to certain lounges like B’lore 080 VIP.

So when ICICI offers you an addon for your teen that too complimentary then why not when it offers you additional lounge privileges, additional free movie tickets 🙂 etc.

Yes, for lounge access, it definitely makes sense.

 

[theXfactor]

I saw this on reddit, so I thought it's only for EPM 🙂
View attachment 89523

Yes, for EPM they have called it out clearly in the welcome kit. Curious to know what they have mentioned here for other ICICI cards