Devaluation ICICI Bank Credit Card Devaluation Notice 3rd January, 2024 | Lounge access, DCC fees, Reward System affected

[BK7]

Thread already exists here:

Devaluation - ICICI Bank Credit Card Devaluation Notice 3rd January, 2024 | Lounge access, DCC fees, Reward System affected

Starting Apr 01, 2024, you can enjoy One complimentary airport lounge access by spending Rs. 35,000 in the preceding calendar quarter. Spends made in the preceding calendar quarter will unlock access for the subsequent calendar quarter. To be eligible for complimentary lounge access in...

www.technofino.in

Yeah now it's official 😢 Yesterday I contacted customer care to check about same as I am holding coral card, they do not have updated info yet it seems, they have mentioned my Coral is LTF will it be true information can I trust them ? On my mobile banking I can still see fee waive tracker under my credit card tab.

 

[Batman]

I have multiple ICICI CC, but reading this email made me think of Sapphiro at first.

Now I think the ceiling for Sapphiro might be even higher, especially for using that Dreamfolks Sauna on airports, that I never got the opport to visit. 😢

On the bright side, if CCs are being devalued, maybe there's an opportunity to upgrade to Emeralde. Gotta talk to BM.

 

[Prime Carlsen]

I have multiple ICICI CC, but reading this email made me think of Sapphiro at first.

Now I think the ceiling for Sapphiro might be even higher, especially for using that Dreamfolks Sauna on airports, that I never got the opport to visit. 😢

On the bright side, if CCs are being devalued, maybe there's an opportunity to upgrade to Emeralde. Gotta talk to BM.

I think its opposite. Banks are removing access from entry-mid level cards because they are easy to get and hence makes a large chunk of lounge usage. They were ok paying for the lounges up to a certain point.

Adding spend requirement basically makes the holder pay for the lounge indirectly or at least some part of it. This lowers their budget for lounges.

Premium card like sapphiro (at least premium in their eyes) don't need this. They can offer free or less spend requirement for lounges as a premium benefit for this as compared to others.

I know every bank is limiting the lounges and it can happen to any card. But this is my optimistic view hoping it does not affect higher cards.

 

[iamdhamo]

How we will know if lounge access is free if we spend for one quarter with 35k and another quarter less than 35k?

 

[sjmajumder]

Bob premier bhi Coral se accha hai....1 lounge access per quarter aur 4 international lounge access per year 🤣

Where did you find international access on BoB Premier? I couldn't find it in the official page https://www.bobfinancial.com/premier-card.jsp

 

[sjmajumder]

How we will know if lounge access is free if we spend for one quarter with 35k and another quarter less than 35k?

Check it here: https://webaccess.dreamfolks.in/login-user

 

[matriX1218]

Another change in Airport Lounge Access Policy and other changes...

Credit Card Faqs - Frequently Asked Credit Card Questions - ICICI Bank Answers

Frequently Asked Credit Card Questions - Find relevant answers to all your credit card queries such as credit limit, rewards, offers, eligibility and much more at ICICI Bank Answers.

www.icicibank.com

 

[harsha1]

Today received sms about below changes for ICICI CC

Credit Card Faqs - Frequently Asked Credit Card Questions - ICICI Bank Answers

Frequently Asked Credit Card Questions - Find relevant answers to all your credit card queries such as credit limit, rewards, offers, eligibility and much more at ICICI Bank Answers.

www.icicibank.com

 

[amit]

Sab maare jayenge

 

[poorna.chandra.akp]

is this applicable on saphhiro also ?

 

[abhiver]

It is a reminder that you need to spend more on ICICI


Devaluation ki race mein woh kyun peeche rahe... 😀

 

[Chaitanya-a]

is this applicable on saphhiro also ?

Nope. This is applicable only till Coral card as of now.

 

[matriX1218]

is this applicable on saphhiro also ?

Here is the list of cards...

Credit Card Faqs - Frequently Asked Credit Card Questions - ICICI Bank Answers

Frequently Asked Credit Card Questions - Find relevant answers to all your credit card queries such as credit limit, rewards, offers, eligibility and much more at ICICI Bank Answers.

www.icicibank.com

 

[jack333]

Coral rupay wale to ek shot me itna ghuma dete inhone Phir bhi quarter rakha hai 🤣

 

[SSV]

is this applicable on saphhiro also ?

For easy reference :

 

[matriX1218]

The way banks are changing lounge access policies, it is almost impossible to use lounge access by frequent fliers having multiple cards as the access will be available in next quarter only upon achieving spend criteria.

Either one need to have travel card especially for lounges or business class ticket.

Looks like in upcoming months all unnecessary and idle credit cards will be either deactivated by holder or issuer.

Let's wait and watch...

 

[Vasuki]

The way banks are changing lounge access policies, it is almost impossible to use lounge access by frequent fliers having multiple cards as the access will be available in next quarter only upon achieving spend criteria.

Either one need to have travel card especially for lounges or business class ticket.

Looks like in upcoming months all unnecessary and idle credit cards will be either deactivated by holder or issuer.

Let's wait and watch...

Rupay are safe
Pp if u r frequent flyer
Idfc dc are great . Select wealth are 2+2&3+3 for both d& international.
& List goes on


Icici card are just for Entertainment purpose. 😆

 

[SSV]

Icici card are just for Entertainment purpose. 😆

or Kitchen sink cleaning purposes ?? 🙂🙂

 

[anotheruser]

Rupay are safe
Pp if u r frequent flyer
Idfc dc are great . Select wealth are 2+2&3+3 for both d& international.
& List goes on


Icici card are just for Entertainment purpose. 😆

Rupay are safe "for now". Once they acquire good chunk of market, they are going to follow the trend.

 

[SSV]

Rupay are safe "for now". Once they acquire good chunk of market, they are going to follow the trend.

One Rupay card was already in the HIT list...