Eligibility Criteria for ICICI Emeralde Private Metal - Discussion

[abhiaj98]

Yes, TRV is more than this.

But my sis-in-law trv with bank is not that much. She only fulfilled salary criteria & has salary account with ICICI but in another city.

What is the salary criteria, >3?

 

[ozil10]

T

That is why if someone uses Emeralde PVC of limit 6 lakhs or more and does considerable spends there is high chance of getting auto upgrade to EPM through iMobile or Net banking than to get it through branch /RM. Because Branch/RM need to justify the salary/ TRV /PPOK criteria to generate the invite and get it approved from higher ups.

waiting for someone to get EPM through upgrade based on spends, only then this can be a proven working way of getting EPM.

 

[abhiaj98]

waiting for someone to get EPM through upgrade based on spends, only then this can be a proven working way of getting EPM.

No way someone will spend much on EPVC. Its a shitty card. Same for all other cards of icici except Apay and maybe Times Black.

 

[MrNobody]

No way someone will spend much on EPVC. Its a shitty card. Same for all other cards of icici except Apay and maybe Times Black.

Exactly. One could spend more on apay card but I don't see any fruitful way to spend more than 2-3 lakhs per year with EPVC. there's no incentive and many better cards available.

 

[cardio_guycardio_guy is verified member.]

T

That is why if someone uses Emeralde PVC of limit 6 lakhs or more and does considerable spends there is high chance of getting auto upgrade to EPM through iMobile or Net banking than to get it through branch /RM. Because Branch/RM need to justify the salary/ TRV /PPOK criteria to generate the invite and get it approved from higher ups.

This works for Sapphiro --> EPVC. Spend 6L using Sapphiro in one year and get EPVC.
But next step EPVC > EPM is steeper. I don't think it will be based on spend based criteria.

 

[techstrom007]

This works for Sapphiro --> EPVC. Spend 6L using Sapphiro in one year and get EPVC.
But next step EPVC > EPM is steeper. I don't think it will be based on spend based criteria.

Considering the current situation seems like ICICI is behind increase earning per account for premium users using EPC Metal as the bait.

Spend based upgrade is easiest to achieve even if you didn't match 20% of the desired criteria. (You can consider INFINIA as well).

Don't think they will allow spend based upgrades anytime soon until demand of their metal is in the market.

 

[elite34700]

Considering the current situation seems like ICICI is behind increase earning per account for premium users using EPC Metal as the bait.

Spend based upgrade is easiest to achieve even if you didn't match 20% of the desired criteria. (You can consider INFINIA as well).

Don't think they will allow spend based upgrades anytime soon until demand of their metal is in the market.

spend based policy wont work here even ICICI knew that that's why they're super keen on PPOP, for infinia the ppop required is just 12.5k unlike emeralde metal, they're super clear that they want to place this card higher than infinia.

 

[Panthera_Tigris]

Guys, I switched branches yesterday and my new Private Banking RM submitted my EPM application within 15-20 mins. He says I will get the card by Friday.

But given all the whining and naysaying from my old RM/ BM (F*** those guys) and also based on feedback from you guys, I am still sceptical.

What do you guys think? Does the fact that I can see a credit limit mean its pre-approved?

 

[abhiaj98]

Guys, I switched branches yesterday and my new Private Banking RM submitted my EPM application within 15-20 mins. He says I will get the card by Friday.

But given all the whining and naysaying from my old RM/ BM (F*** those guys) and also based on feedback from you guys, I am still sceptical.

What do you guys think? Does the fact that I can see a credit limit mean its pre-approved?


View attachment 84496

Nice. Looks good to me.

 

[shu_sha]

Guys, I switched branches yesterday and my new Private Banking RM submitted my EPM application within 15-20 mins. He says I will get the card by Friday.

But given all the whining and naysaying from my old RM/ BM (F*** those guys) and also based on feedback from you guys, I am still sceptical.

What do you guys think? Does the fact that I can see a credit limit mean its pre-approved?


View attachment 84496

As you're on Private Banking EPM should get approved for you as a piece of cake enjoy EPM!

 

[abhiaj98]

Guys, I switched branches yesterday and my new Private Banking RM submitted my EPM application within 15-20 mins. He says I will get the card by Friday.

But given all the whining and naysaying from my old RM/ BM (F*** those guys) and also based on feedback from you guys, I am still sceptical.

What do you guys think? Does the fact that I can see a credit limit mean its pre-approved?


View attachment 84496

Min TRV for Private Banking is 1cr TRV?

 

[abhiaj98]

Why any customer or BM will give his consent to provide his name as reference to icici management & admit that he bypassed some criteria to get approval for EPM for particular customer. I got mine last year purely on give & take thing.

This week also he has got approval for my sister-in-law for EPM who has salary account with them but in another city. She fulfill salary criteria. But not PPOP criteria which almost every BM mentions. This time also I made BM bypass some criteria to get approval on basis of our individual dealing.

@Nishan11, based on all the comments so far, yours is the only case for getting EPM only on salary.

Can you enlighten if salary was 3+ and how exactly did you negotiate with the other city BM?

 

[Dobbiee]

Guys, I switched branches yesterday and my new Private Banking RM submitted my EPM application within 15-20 mins. He says I will get the card by Friday.

But given all the whining and naysaying from my old RM/ BM (F*** those guys) and also based on feedback from you guys, I am still sceptical.

What do you guys think? Does the fact that I can see a credit limit mean its pre-approved?


View attachment 84496

Is your income document shared with them for this Application. Whatever it is - salary slip or business income.

 

[Panthera_Tigris]

Min TRV for Private Banking is 1cr TRV?

They never told me the exact criteria. But definitely more than that.

Is your income document shared with them for this Application. Whatever it is - salary slip or business income.

Yes, ITR. Business income.

 

[abhiaj98]

They never told me the exact criteria. But definitely more than that.



Yes, ITR. Business income.

Honestly, you seemed a good fit for EPM. High TRV, business owner. I doubt EPM will elude you much longer

 

[Nishan11]

@Nishan11, based on all the comments so far, yours is the only case for getting EPM only on salary.

Can you enlighten if salary was 3+ and how exactly did you negotiate with the other city BM?

You understood it wrong or may be I explained it wrongly.

Other professional talks were involved other than salary.

I got my EPM from my city branch last year. Couple of days before got EPM approval for my sister-in-law, she fulfill salary criteria but don't maintain big trv & didn't qualified on PPOP criteria. She has salary account with ICICI in other city branch. I talked with my BM for her card approval, not with her branch BM in other city.

 

[sidpsidp is verified member.]

BM

BM.

RM is moron of highest order.

Which branch ? Wealth lounge ? Can they bypass itr criteria? 😅
Imobile is giving upgrade to only paid epvc. I would've taken ltf epvc as well or paid epm. 😅

 

[Nishan11]

Which branch ? Wealth lounge ? Can they bypass itr criteria? 😅
Imobile is giving upgrade to only paid epvc. I would've taken ltf epvc as well or paid epm. 😅

City Raipur, Chhattisgarh. Branch :- Can't disclose 😂.

Whether they can get any relaxation on epm application solely depends on individual relationship with bank & bm.

BM is most important player in this, it's give & take thing. Just need to find if there is any professional business/deal to crack which can be mutually beneficial for both HNI/UHNI Customer & BM. If individual can use their professional link to give good business to BM or can do some professional favor, it's done deal. Then it's BM job to get all necessary approval.

 

[cardio_guycardio_guy is verified member.]

City Raipur, Chhattisgarh. Branch :- Can't disclose 😂.

Whether they can get any relaxation on epm application solely depends on individual relationship with bank & bm.

BM is most important player in this, it's give & take thing. Just need to find if there is any professional business/deal to crack which can be mutually beneficial for both HNI/UHNI Customer & BM. If individual can use their professional link to give good business to BM or can do some professional favor, it's done deal. Then it's BM job to get all necessary approval.

Very true. Like I told here, BM is the most important and critical person here. Because the initiation and first approval starts from BM.
If you have a capable BM, or good relation thing will at least start moving.

 

[sidpsidp is verified member.]

City Raipur, Chhattisgarh. Branch :- Can't disclose 😂.

I know you are from raipur. I often go to there for some work. That's why asked which branch. 😄

Here even with 50L ip, they aren't ready to help. Sir cc and branch banking is different sir. How can we give cc depending on nrv, Sir. I told them I got a rg ltf for my senior citizen mother as her 1st cc. And many people have got it in icici also. Not possible sir. They are lying to you. Icici doesn't do this. 😔