Eligibility Criteria for ICICI Emeralde Private Metal - Discussion

[Wealth is my birth right!]

Existing relationship - ICICI Wealth account ✅
6+ lakhs limit - ICICI & HDFC ✅
36+ lakhs ITR - SE ✅

Bullet point eligibility
Need to work on the 3rd point atleast next FY hmm

 

[ash_m]

12,500 + 2250 is fees, get 12500 RP (1RP = 1Rs).
So, in net 2250:
- BOGO on BMS upto 750.
- Unlimited International and Domestic Lounge without spend criteria.
- Unlimited Golf.

All this without spending a paisa on the card. Spend benefits additionally.

Just to add, the 1RP = 1Rs is only applicable when you redeem it for flights, hotels. You can also buy flight vouchers (eg: MMT, Yatra flight voucher), hotel vouchers or some specific set of brand vouchers like Tanishq. The complete list is in the cards T&C (downloadable from its page on ICICI's website), so you can refer that for 1:1 value.
This is kind of, the pattern for every high value card out there in the market. There are some variances, but be it HDFC Infinia, Axis M4B or HSBC Premier - but the reward point valuation is always subject to conditions.

 

[ash_m]

Bullet point eligibility
Need to work on the 3rd point atleast next FY hmm

Considering your username, that should be a cakewalk 😛

 

[Wealth is my birth right!]

Considering your username, that should be a cakewalk 😛

Lol
Yes but equity investment some years will show its true colors haha
Sure I update my success story a day in TF all bank premium cards atleast in India at one pic with my real name 😉🤝

 

[spazz]

Speak no more

I've contacted this gentleman. Will update everyone on what happens next and how it goes

 

[abyclassic]

Just to add, the 1RP = 1Rs is only applicable when you redeem it for flights, hotels. You can also buy flight vouchers (eg: MMT, Yatra flight voucher), hotel vouchers or some specific set of brand vouchers like Tanishq. The complete list is in the cards T&C (downloadable from its page on ICICI's website), so you can refer that for 1:1 value.
This is kind of, the pattern for every high value card out there in the market. There are some variances, but be it HDFC Infinia, Axis M4B or HSBC Premier - but the reward point valuation is always subject to conditions.

Exactly, in many cases we will get better discounts with other cards if we book directly from these portals. Also, not sure how long will it take them to devalue the card. These are the reasons why I avoid cards with annual fee, unless it have direct cashback for regular transactions.

 

[ash_m]

Exactly, in many cases we will get better discounts with other cards if we book directly from these portals. Also, not sure how long will it take them to devalue the card. These are the reasons why I avoid cards with annual fee, unless it have direct cashback for regular transactions.

See, it depends on your usecase.

If you travel rarely, and don't have high spends very often (excluding usual stuff like rent), LTF or cashback cards are enough.

In my case, last year though I did not travel international but I took atleast one round flight domestic almost 9 out of 12 months as I was mostly working hybrid. Other than travel, you also get pretty returns (over 10%) on a lot of other things like paying electricity, internet bills when you pay via vouchers bought using cards like EPM and Infinia. Of course that return would only be achieved if you redeem points for the highest value. In my case, I travel a lot (atleast domestic) and that is not going away. Therefore, I consider these points as liquid cash.

Regarding devaluation, given that ICICI has already tightened the screws it will stay for sometime atleast. And when that happens, it will open an opportunity for some other bank or card.

 

[Kabir_1112]

See, it depends on your usecase.

If you travel rarely, and don't have high spends very often (excluding usual stuff like rent), LTF or cashback cards are enough.

In my case, last year though I did not travel international but I took atleast one round flight domestic almost 9 out of 12 months as I was mostly working hybrid. Other than travel, you also get pretty returns (over 10%) on a lot of other things like paying electricity, internet bills when you pay via vouchers bought using cards like EPM and Infinia. Of course that return would only be achieved if you redeem points for the highest value. In my case, I travel a lot (atleast domestic) and that is not going away. Therefore, I consider these points as liquid cash.

Regarding devaluation, given that ICICI has already tightened the screws it will stay for sometime atleast. And when that happens, it will open an opportunity for some other bank or card.

For EPM they are very strict and not flexible like before. Even I think the same goes for HSBC Premier and Infinia.

 

[pranjal1984]

For EPM they are very strict and not flexible like before. Even I think the same goes for HSBC Premier and Infinia.

Yes now they have made everything strict.