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ICICI Bank Emeralde Private Metal Credit Card Launched

ICICI Bank has launched the Emerald Private Metal Credit Card, which offers all the benefits of the ICICI Emerald Credit Card along with a few additional benefits.

Welcome Benefits:
  1. Taj Epicure membership for the first year. [You'll get one stay voucher with this]
  2. Receive 12,500 bonus reward points after annual fee payment each year.
  3. EazyDiner Prime membership (renewed annually).
Main Benefits:
  1. Unlimited golf games/lessons for the primary cardholder.
  2. Unlimited domestic airport lounge access using the Emerald Private Metal Credit Card for both the primary and add-on cardholders.
  3. Unlimited international airport lounge access using Priority Pass for both the primary and add-on cardholders.
  4. Buy one, get one free movie/event ticket from BookMyShow twice per month. Maximum Discount: Rs. 750 per ticket.
  5. Up to Rs. 12,000 refund for a maximum of 2 transactions per year on tickets booked exclusively with the Emeralde Private Metal Credit Card.
  6. Discounted markup fees: 2%.
  7. 1% fuel surcharge waiver for all transactions up to Rs. 4000. Maximum surcharges waiver - Rs. 1000 per statement cycle.
  8. No Extra Charges/Penalty For: Cash Withdrawal, Over limit, Late payment.
  9. You can get 3 complimentary add-on cards
Reward System:
Earn 6 reward points for every Rs. 200 spent.
No reward points on Tax Payment, Rent payments, EMI and Fuel purchases.

Reward Points Value:
Flight/Hotel Booking: 1 reward point = Rs. 1
Gift Vouchers*: 1 reward point = Rs. 1
Rewards Catalogue [other products]: 1 reward point = Rs. 0.60
Statement Credit: 1 reward point = Rs. 0.40

*Brands' Gift Vouchers available under the 1:1 redemption ratio include:
  • Travel Category: MakeMyTrip, EaseMyTrip, Yatra, ClearTrip, Hyaat, Marriott International, ITC Hotels, Taj Hotels.

    View attachment 36109
  • Electronics: Apple
  • Luxury Brands: Tanishq, Mothercare [Luxe], G-Star Raw [Luxe], Giorgio Armani [Luxe], Emporio Armani [Luxe], Canali [Luxe], Coach [Luxe], Tumi [Luxe], Scotch & Soda [Luxe], Jimmy Choo [Luxe]
There are lots of other brand vouchers available, but for those, you'll get a value of 1 reward point = Rs. 0.60. I think you have a decent option available under the 1:1 redemption category. ITC, Hyatt, Marriott, Taj, and other travel-related vouchers are worth considering. So, in terms of redemption options, I must say this is a decent card. And I think this is better than HDFC SmartBuy portal flight or hotel booking redemption system. The main downside of SmartBuy portal flight or hotel booking redemption is that you can't use 100% reward points. However, in the case of ICICI Emeralde Private Metal Card, you can just get an MMT voucher or any other travel voucher and book your flights or hotels.

Reward Rate:
Flight/Hotel Booking: 3%
Gift Vouchers: 3%
Rewards Catalogue: 1.8%
Statement Credit: 1.2%

Reward Redemption:
You can redeem your ICICI Bank Reward Points across Catalogues, from movie and travel vouchers to lifestyle products, mobiles, appliances, statement credit and more.
Redemption of Reward Points against statement balance (cashback redemption) is capped at 50,000 Reward Points per Statement cycle.

Reward Capping:
  • Reward Points earned on Insurance transaction will be capped at 5,000 Reward Points per statement cycle. [Spends required to reach maximum reward- Rs. 1,66,800]
  • Reward Points earned on grocery transaction will be capped at 1,000 Reward Points per statement cycle. [Spends required to reach maximum reward- Rs. 33,400]
  • Reward Points earned on Utilities transaction will be capped at 1,000 Reward Points per statement cycle. [Spends required to reach maximum reward- Rs. 33,400]
  • Reward Points earned on Education transaction will be capped at 1,000 Reward Points per statement cycle. [Spends required to reach maximum reward- Rs. 33,400]

Milestone Benefits:
Spend Rs. 8 lakhs per year and receive 2 air travel vouchers worth Rs. 3000 each (total Rs. 6000) from EaseMyTrip. Reward Rate: 0.75%.
Spends 4 Lakhs and get first EaseMyTrip voucher worth Rs. 3000/-​
Spends 8 Lakhs and get your second EaseMyTrip voucher worth Rs. 3000/-​

Charges:
Joining Fee: Rs. 12,499 + GST.
Annual Fee: Rs. 12,499 + GST.
Annual Fee Reversal Criteria: Spend Rs. 10 lakhs in the next card membership year to have your annual fee reversed.

Card Replacement Fees: Rs. 3500/-

Opinion:
The ICICI Bank Emeralde Private Metal Credit Card is the flagship credit card of ICICI Bank. When considering the reward rate, I must say this card offers decent value back on spending. The main drawback is that ICICI Bank does not offer a reward points transfer feature like HDFC Bank or Axis Bank.
Typically, credit cards of this nature provide the option to transfer points. However, in this case, we can only redeem our reward points for brand gift vouchers. I hope ICICI Bank will address this issue and introduce some transfer partners soon. You'll receive 12,500 reward points worth Rs. 12,500 on joining, so mathematically you'll only need to pay the GST (Approx. Rs. 2250/-) each year, similar to the SC Ultimate credit card. Additionally, you'll receive Taj Epicure membership for the first year with this card, allowing you to enjoy a complimentary stay at a Taj hotel. This benefit can help offset your card's joining fees effectively.
Overall, this is a good credit card, unlike other gemstone cards, as it offers a better reward rate. If you are seeking a premium credit card but don't plan to redeem your reward points for airline miles and instead prefer gift vouchers, then this credit card is for you.
 
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Can not see unlimited spa access in the list as well....

That was the only benifit due to which the card used to stand out... If they take it away, it's just a normal/subpremium card with unlimited lounge access
 
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Can not see unlimited spa access in the list as well....

That was the only benifit due to which the card used to stand out... If they take it away, it's just a normal/subpremium card with unlimited lounge access
Please share the list/link.
Thank you @NOOBY
 
Please share the list/link.
Thank you @NOOBY
I meant whatever Technofino has shared in first port along with what others are sharing on the internet

I can not see unlimited spa in that list, which is concerning.. no official document is there as of now (I assume)
 
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I meant whatever Technofino has shared in first port along with what others are sharing on the internet

I can not see unlimited spa in that list, which is concerning.. no official document is there as of now (I assume)
I see, thank you @NOOBY
 
Can not see unlimited spa access in the list as well....

That was the only benifit due to which the card used to stand out... If they take it away, it's just a normal/subpremium card with unlimited lounge access
Thank you @anirban.choudhury ..

Yes, @NOOBY , there is no mention of Spas... a bit sad..

1697619315586.png
 
I meant whatever Technofino has shared in first port along with what others are sharing on the internet

I can not see unlimited spa in that list, which is concerning.. no official document is there as of now (I assume)
Has Anyone used the SPA from Dreamfolks before? Any reviews?
 
yeah, so either you keep existing emaralde and use spa but earn low rewards (4RP per Rs.100)

or upgrade to metal and get 25RP per Rs.200 without spa
the welcome benefits and annual benefits also differ, they are more in the case of Private.
 
Pros and Cons over Vanilla Emeralde
Taj Epicure First Year
Addon Lounge access using PP ( international )
Unlimited Golf without any spend similar to Infinia
1Rp = 1 INR ( 3% RR )
ED prime every year
12500 RP every year practically just the gst that we are paying.

Cons
2 BOGO BMS instead of 4
Unlimited spa with DF
Forex markup of 2% against 1.5% of Emeralde

It's a trade off between Unlimited golf vs Unlimited Spa TBH

The metal form factor will add to the charm and it's an added benefit ..
 
Taj epicure is for the first year only. EazyDiner Prime is complimentary every year.
From where did you get these file ?

- Only first year taj membership
- 6RPs per Rs.200 instead of 25RP (but value of 1RP=Rs.1)
- Easydiner membership only after paying card fees (so no easydiner iff card is given as LTF)
- No spa

It's a trade off between Unlimited golf vs Unlimited Spa TBH
true

The metal form factor will add to the charm and it's an added benefit ..
Yeah, a boon for first time metal holders but a bane as wallet keeps getting heavier

No body is going to carry it anyway 😛
 
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Pros and Cons over Vanilla Emeralde
Taj Epicure First Year
Addon Lounge access using PP ( international )
Unlimited Golf without any spend similar to Infinia
1Rp = 1 INR ( 3% RR )
ED prime every year
12500 RP every year practically just the gst that we are paying.

Cons
2 BOGO BMS instead of 4
Unlimited spa with DF
Forex markup of 2% against 1.5% of Emeralde

It's a trade off between Unlimited golf vs Unlimited Spa TBH

The metal form factor will add to the charm and it's an added benefit ..
Yes, the benefits are great comparatively. Also we can redeem points in statement cash upto 50k/cycle, which is nice. Reward rate is also good alongwith milestone benefits. Overall, a nice card according to me.
 
According to this MITC there are 4 Emeraldes now. Emeralde, Emeralde private, Emeralde metal private and skywards Emeralde. Also there is capping for each category
Just now, had a chat with my RM, since last week, it seems they stopped issuing Plastic Emeralde... Now they started issuing Metal Emeralde..
Not sure exactly what he means and not sure how accurate he is.. He is a new RM to me...
 

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