Eligibility Criteria for ICICI Emeralde Private Metal - Discussion

[theXfactor]

It is almost funny. What else?

10k is daily limit.
Did we settle on monthly limit for accelerated pts being 18k or 21k?

Settle for 21k 🙂

 

[abhiaj_geek]

I am curious if someone managed to claim the flight cancellation insurance on EPM.

 

[BVCBVC is verified member.]

Update: My epm got approved today!

I was trying to get it from mid-Feb. Took a solid 2 months to get approved!

Congratulations on your approval.

The process to get EPM is complicated and different from all other Icici credit cards. First you have to get 3-4 approvals, Branch Manager, Regional Head, Sales Head, State Head. State Head approval is hardest to get. After approval RM or cc agent will apply for the credit card.

If there is any deviation, they need to get Credit Team approval also. Did your RM mentioned anything about it?

If you apply the credit card before the approvals, your application will simply be withdrawn after few weeks.

Yes, without approvals, application will be withdrawn.

 

[abhiaj_geek]

Congratulations on your approval.

If there is any deviation, they need to get Credit Team approval also. Did your RM mentioned anything about it?

Yes, without approvals, application will be withdrawn.

No nothing about credit team approval

 

[SSV]

If there is any deviation, they need to get Credit Team approval also. Did your RM mentioned anything about it?

yes,it seems there are plenty of approvals neededfor this card...
I am not that much intereted in this card, but my contacts at ICICI wanted to give a try for me ..
They are trying with 50L TRV, icici sapphro 15L CL, with income deviation.. lets see what happens.. they wanted 1Cr TRVat least as my income is not meeting the criteria.. But i said i couldolydo 50l TRV.. let's see what happens...
Process will start tomorrow..

 

[pranjal1984]

yes,it seems there are plenty of approvals neededfor this card...
I am not that much intereted in this card, but my contacts at ICICI wanted to give a try for me ..
They are trying with 50L TRV, icici sapphro 15L CL, with income deviation.. lets see what happens.. they wanted 1Cr TRVat least as my income is not meeting the criteria.. But i said i couldolydo 50l TRV.. let's see what happens...
Process will start tomorrow..

In ICICI Bank, loan does not count as TRV as per information from my branch head. Strange policy. They only consider deposits, CASA and demat holdings.

 

[BVCBVC is verified member.]

yes,it seems there are plenty of approvals neededfor this card...
I am not that much intereted in this card, but my contacts at ICICI wanted to give a try for me ..
They are trying with 50L TRV, icici sapphro 15L CL, with income deviation.. lets see what happens.. they wanted 1Cr TRVat least as my income is not meeting the criteria.. But i said i couldolydo 50l TRV.. let's see what happens...
Process will start tomorrow..

They are sitting strong on PPOP, 3L Net Salary, 10L CL for existing Credit Card, 1-2 Cr TRV.

But for everything there is deviation approvals. Depends on BM power or Corporate RM power. Not sure how they are getting, All the best for you.

 

[SSV]

In ICICI Bank, loan does not count as TRV as per information from my branch head. Strange policy. They only consider deposits, CASA and demat holdings.

yes my trv consists of only FDn SB

 

[theXfactor]

They are sitting strong on PPOP, 3L Net Salary, 10L CL for existing Credit Card, 1-2 Cr TRV.

But for everything there is deviation approvals. Depends on BM power or Corporate RM power. Not sure how they are getting, All the best for you.

EPM is getting approved for folks easier than I expected. I feel, Infinia is relatively tougher. But again it all depends on one’s experience.

 

[SSV]

They are sitting strong on PPOP, 3L Net Salary, 10L CL for existing Credit Card, 1-2 Cr TRV.

But for everything there is deviation approvals. Depends on BM power or Corporate RM power. Not sure how they are getting, All the best for you.

yes .. they are very rigid..
lets see what happens

 

[BVCBVC is verified member.]

EPM is getting approved for folks easier than I expected. I feel, Infinia is relatively tougher. But again it all depends on one’s experience.

Not exactly. Easy task is for the people who are getting it. Some eligible people are not getting it.

 

[abhiaj_geek]

Not exactly. Easy task is for the people who are getting it. Some eligible people are not getting it.

I agree with this. Getting epm is a matter of hit and trial even if you meet the crtieria.


Getting infinia is a well defined process.
Oh you bought a car with our hdfc credit card, AND it has >8L CL; kudos here is ur infinia.

 

[BVCBVC is verified member.]

yes .. they are very rigid..
lets see what happens

Last time I got all the approvals till State Head, but Credit team didn't accept due to annual income shortage by 1L .

 

[rj_arora]

It is almost funny. What else?

10k is daily limit.
Did we settle on monthly limit for accelerated pts being 18k or 21k?

This limit is for points? Or for total amount?

 

[BVCBVC is verified member.]

I agree with this. Getting epm is a matter of hit and trial even if you meet the crtieria.


Getting infinia is a well defined process.
Oh you bought a car with our hdfc credit card, AND it has >8L CL; kudos here is ur infinia.

Ha ha Exactly.

Spends and CL matters the most in HDFC cases. Else you had other options in the past, not sure whether it is working anymore.

 

[abhiaj_geek]

Ha ha Exactly.

Spends and CL matters the most in HDFC cases. Else you had other options in the past, not sure whether it is working anymore.

Yeah if hdfc removes the spend based upgrade to infinia, then it will definitely become much more exclusive than epm. The number of people having 90L as base salary (without bonus, esops) is really low.

 

[BVCBVC is verified member.]

Yeah if hdfc removes the spend based upgrade to infinia, then it will definitely become much more exclusive than epm. The number of people having 90L as base salary (without bonus, esops) is really low.

True . .

 

[theXfactor]

Yeah if hdfc removes the spend based upgrade to infinia, then it will definitely become much more exclusive than epm. The number of people having 90L as base salary (without bonus, esops) is really low.

Yep, funny part is that even for govt employees it’s 3.5L net, I have no idea except for the President of India who else would qualify with that kind of net so that ridiculous.
My point is that for EPM eligibility is still 3L net and quite a few qualify for it. In some cases as @abhiaj_geek was indicating, people got their card approved even with lesser than 3L net. In case of Infinia even for upgrades one need to have a 10L CL on existing card which is difficult for a good no. despite qualifying on spends. Hdfc is a bit stingy about CL hike unlike ICICI. I had a cl of about 3-5L in my Apay card, I never used it well, and ICICI offered me an CL hike to 10L. Again as I said experience varies person to person.

 

[BVCBVC is verified member.]

Hdfc is a bit stingy about CL hike unlike ICICI. I had a cl of about 3-5L in my Apay card, I never used it well, and ICICI offered me an CL hike to 10L.

When was this? Now a days ICICI is even stringent on enhancing CL.

Again as I said experience varies person to person.

Yeah, this for sure.

 

[Prem03]

Superb DP. How can I steal? 😛