Eligibility Criteria for ICICI Emeralde Private Metal - Discussion

[Kyc]

Okay my RM has given me the lowest eligibility in this thread.
He said:
50 lakhs TRV with 6 lakh credit limit on existing ICICI credit card is required. Not possible with any amount of salary credit.

 

[BVCBVC is verified member.]

Okay my RM has given me the lowest eligibility in this thread.
He said:
50 lakhs TRV with 6 lakh credit limit on existing ICICI credit card is required. Not possible with any amount of salary credit.

So the game is here is with RM 😂😂

 

[cardio_guycardio_guy is verified member.]

Not just 1.1cr; 1.1 cr in base component, excluding stocks or year end bonus. That is a really big number.

Actually there are many people around us getting this salary. It's not a big number anymore.

 

[abhiaj98]

Actually there are many people around us getting this salary. It's not a big number anymore.

I guess.

So the game is here is with RM 😂😂

RMs cant do anything other than telling random eligibility criterias. Approvals have to be taken from BM, and so many other heads; I doubt RM is in any position to state an eligibility

 

[BVCBVC is verified member.]

In my case BM is also not powerful. He's willing to do and support but approvals are not coming due to Tier 2 city.

AFAIK there are two hierarchy Approvals:

W/O Private Banking: RM -> BM -> RH/GH -> Zonal Head - >Product Head -> Credit Team (Final Approval)

With Private Banking: RM -> BM -> Private Banking RH/GH -> Private Banking Product Head - >Product Head -> Credit Team (Final Approval)

**PS: I even know the names of the Product Head and Credit Team (But not revealing them here). Exact structure and approvals might defer from branch to branch and city to city . But eligibilities are changing day by day for sure. Not easy to get unless bank offers you or meeting their strict eligibilities

 

[shu_sha]

What is ppop ? How it is computed?

Found this in an earlier post

Post in thread 'ICICI Bank Emeralde Private Metal Credit Card Launched | TechnoFino Review'

Apr 16, 2024

PPOP is basically the income the bank makes from you (individually)

PPOP = (net interest income + total non interest income - i.e. fee income) - operating expenses (e.g. staff costs, marketing, rent etc)

From the pdf file, the bank needs to make 50k from you (ATLEAST).

With approx. 1c relationship with this bank, it makes around 20k from me in a year. Which is below 50k basic cutoff for this metal card. Thats the reason i never got the invite for this card when it was introduced.

• PrinceHeart

• 
• 

 

[abhiaj98]

Found this in an earlier post

Post in thread 'ICICI Bank Emeralde Private Metal Credit Card Launched | TechnoFino Review'

Apr 16, 2024

PPOP is basically the income the bank makes from you (individually)

PPOP = (net interest income + total non interest income - i.e. fee income) - operating expenses (e.g. staff costs, marketing, rent etc)

From the pdf file, the bank needs to make 50k from you (ATLEAST).

With approx. 1c relationship with this bank, it makes around 20k from me in a year. Which is below 50k basic cutoff for this metal card. Thats the reason i never got the invite for this card when it was introduced.

• PrinceHeart

• 
• 

Is required ppop 50kpa or 50kpm
50kpa can be achieved with 10L savings
50kpm will be achieved with 1.2cr in savings, an impossible and stupid feat

 

[Panthera_Tigris]

50 lakhs TRV is required.

I am beyond that in savings alone. But my Private Banking RM and BM were saying "sir you need multiple crores TRV for this". I was like, no you don't! Its like they were trying to put me down. "Sir you only kept 1 cr. But I have clients with 25 cr home loan sir".

RM asked me to put 20L more (which I did within 90 seconds) but then he too backtracked! It was all extremely unprofessional.

I wish I could get @Dr.Anand456 to help me get these people fired as well lol. Cant believe I was feeling bad for them earlier.

I finally told them to f### off. I am moving my home branch tomorrow (to a tier 1 metro). I probably should drop a word to the old zonal/ regional heads as to why I am leaving.

 

[cardio_guycardio_guy is verified member.]

I am beyond that in savings alone. But my Private Banking RM and BM were saying "sir you need multiple crores TRV for this". I was like, no you don't! Its like they were trying to put me down. "Sir you only kept 1 cr. But I have clients with 25 cr home loan sir".

RM asked me to put 20L more (which I did within 90 seconds) but then he too backtracked! It was all extremely unprofessional.

I wish I could get @Dr.Anand456 to help me get these people fired as well lol. Cant believe I was feeling bad for them earlier.

I finally told them to f### off. I am moving my home branch tomorrow (to a tier 1 metro). I probably should drop a word to the old zonal/ regional heads as to why I am leaving.

Yes, you should do that. Some branch staff are extremely arrogant and at the same time good for nothing, don't know anything and useless.
They think they have all the powers. Always complain to their higher athourities. The numbers and mail IDs of complaint escalations will be displayed in that bank entrance itself.

 

[TheGambler]

Hi
I have a sapphiro with 50 lakh credit limit. and salary of 20 lakh plus. I have icici wealth banking since last 7-8 years. should i even try?

 

[cardio_guycardio_guy is verified member.]

Hi
I have a sapphiro with 50 lakh credit limit. and salary of 20 lakh plus. I have icici wealth banking since last 7-8 years. should i even try?

20L per year or month?

 

[BVCBVC is verified member.]

per year .😂

20L per year and how come 50L Credit Limit? 🤔🤔

 

[TheGambler]

20L per year or month?

per year.😂
I wish it was per month, wouldn't be rushing towards EPM with this speed, i guess.

 

[TheGambler]

20L per year and how come 50L Credit Limit? 🤔🤔

I have had some good bonuses with salary. Last year was 2 Crore plus. but base salary is 20 lakhs/year only.

 

[BVCBVC is verified member.]

I have had some good bonuses with salary. Last year was 2 Crore plus. but base salary is 20 lakhs/year only.

Are you the one driving Range Rover yesterday night? 🤔

 

[abhiaj98]

I have had some good bonuses with salary. Last year was 2 Crore plus. but base salary is 20 lakhs/year only.

Man, do you gamble for work or what!
In all seriousness, you seem like a trader.

 

[abhiaj98]

Hi
I have a sapphiro with 50 lakh credit limit. and salary of 20 lakh plus. I have icici wealth banking since last 7-8 years. should i even try?

Did they increase CL automatically on basis of bonus credit or did you have to ask?
In my profession, I also receive sizable bonuses, but my highest CL is still 12L.

 

[shu_sha]

Is required ppop 50kpa or 50kpm
50kpa can be achieved with 10L savings
50kpm will be achieved with 1.2cr in savings, an impossible and stupid feat

Obviously it will be >50KPM
Otherwise everybody would have got this card

 

[P3T3R_GOA]

Watching all Gold rush, I will visit ICICI bank tomorrow.

I already have ICICI account but didn't operate that , kind of ghosted from last 3 yrs & LTF Coral with 5.5 L Limit.

4.7L salary (3.6L Credit) in HDFC, ready to move to ICICI and deposit 20-30L if they are confident for the card.

Let's see how that goes 🥷

HDFC will give you an Infinia LTF to prevent you from shifting if you don't already have one.

Right. But I shifted to Axis Burgundy only last month! Will have to close my Burgundy DC, sigh

Isn't Magnus for Burgundy a better option then?

Has anyone asked if EPM could be offered as an upgrade based on spending criteria, similar to how you can upgrade to Infinia from DCB/Regalia Gold if you meet certain spending requirements in the last 3-6 months and have a credit limit of 10L on the existing card?

ICICI should consider implementing this criteria because, as it stands, the EPM card feels almost impossible to obtain. It’s difficult to compete with Infinia when getting EPM requires twice the effort.

Seeing how difficult EPM is, HDFC may make Infinia difficult to get.

20L per year or month?

20L per month, they he should just get a Amex Plat Charge, spend on it and upgrade to Centurion.

 

[Panthera_Tigris]

At least I got this today. I have been in PB since 2022 but never bothered to ask for this before.






And here is the "tease":