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.

 

[card_monarch]

Domestic lounges with EPM PP would be charged.
As of now only Infinia PP, and digital PP that comes with DCB has complementary domestic lounge access.
If Rumors are to be believed , Magnus PP still gives complementary Domestic lounge access.

Even Citi Prestige Priority Pass was free for domestic usage. Not sure if it has changed now after becoming Olympus.

 

[BVCBVC is verified member.]

Even Citi Prestige Priority Pass was free for domestic usage. Not sure if it has changed now after becoming Olympus.

Axis rules will apply I think (As all spend criteria and everything is as per Axis now). They have sent me new PP as the existing PP issued by Citi was expired. Citi issues PP with one year validity only.

 

[mayurk07]

Hi. Did any icici private customer get this card LTF, or did any existing emeralde LTF cc Customer get this upgraded to metal emeralde LTF?

 

[SmartyAadi]

Hi. Did any icici private customer get this card LTF, or did any existing emeralde LTF cc Customer get this upgraded to metal emeralde LTF?

Getting this card itself is a big feat. At most I've heard is being given FYF

 

[drsel]

Hi. Did any icici private customer get this card LTF, or did any existing emeralde LTF cc Customer get this upgraded to metal emeralde LTF?

Getting this card itself is a big feat. At most I've heard is being given FYF

This card is more hyped up than Infinia.
It is not worth paying for, unless you don't have any other super premium card which gives you airport lounge access, BOGO movie tickets, etc

 

[SmartyAadi]

This card is more hyped up than Infinia.
It is not worth paying for, unless you don't have any other super premium card which gives you airport lounge access, BOGO movie tickets, etc

Totally. With icici, every core card is hyped up. Try asking them for getting any stupid card as fyf or ltf and they'll start the bar at 30L TRV or something, that's for rubyx. For sapphiro more than 50L, icici kya fookta hai kya malum

 

[rudr_26]

This card is not offered as free even for ICICI Private Banking. We asked our RM and got negative answer. I think ICICI is over valuing this card, eventually people will loose interest,

 

[Bodhi]

This card is not offered as free even for ICICI Private Banking. We asked our RM and got negative answer. I think ICICI is over valuing this card, eventually people will loose interest,

As an ICICI Private account holder, if you feel comfortable, please share your experience.

 

[CCgeek]

Anyone who has recently got paid Emeralde Private Metal, have you received joining benefits. I am aware that it says 45 days from payment of joining fees but wanted to know if anyone has got it earlier.

 

[card_monarch]

Anyone who has recently got paid Emeralde Private Metal, have you received joining benefits. I am aware that it says 45 days from payment of joining fees but wanted to know if anyone has got it earlier.

I got taj epicure membership enrolment link post 7 days of fees payment. Awaiting 12500 points.. email says will be credited within 45 days.

 

[arun4455]

Anyone who has recently got paid Emeralde Private Metal, have you received joining benefits. I am aware that it says 45 days from payment of joining fees but wanted to know if anyone has got it earlier.

I paid the fee on 2nd August and got Epicure membership today and an email that points will be credited in 45 days.

 

[CCgeek]

I got taj epicure membership enrolment link post 7 days of fees payment. Awaiting 12500 points.. email says will be credited within 45 days.

Is the link delivered by way of SMS or email?

 

[card_monarch]

Is the link delivered by way of SMS or email?

By email. It has voucher code and pin to activate membership.

 

[Vishal K]

I started using an ICICI credit card in 2021, beginning with the Rubyx variant and later upgrading to Sapphiro until last month. I recently upgraded to the Emerald PVC variant and canceled all my previous card variants. Previously, I could view all my past statements in the iMobile app, but since switching to Emerald, I can't access the old statements anymore. When I contacted ICICI Bank customer care, they informed me that the Emerald card falls under a different category, unlike the other variants. This change means that my relationship with ICICI is now considered new, which could lower the age of my account in my CIBIL report. However, I checked the CIBIL score simulator, and closing the oldest card shows no impact on my score, which remains the same at 787.

 

[drsel]

I started using an ICICI credit card in 2021, beginning with the Rubyx variant and later upgrading to Sapphiro until last month. I recently upgraded to the Emerald PVC variant and canceled all my previous card variants. Previously, I could view all my past statements in the iMobile app, but since switching to Emerald, I can't access the old statements anymore. When I contacted ICICI Bank customer care, they informed me that the Emerald card falls under a different category, unlike the other variants. This change means that my relationship with ICICI is now considered new, which could lower the age of my account in my CIBIL report. However, I checked the CIBIL score simulator, and closing the oldest card shows no impact on my score, which remains the same at 787.

do you think Emerald PVC is worth 14160?

 

[Vishal K]

do you think Emerald PVC is worth 14160?

Not sure - my spending is more than 15lakh per Annum.

 

[SmartyAadi]

Not sure - my spending is more than 15lakh per Annum.

Absolutely not worth. Good if you use the Non spend benefits like BookMyShow and Airport lounge & Spa a lot but there are definitely better cards like Diners club black and infinia

 

[violetevergarden]

This card is more hyped up than Infinia.
It is not worth paying for, unless you don't have any other super premium card which gives you airport lounge access, BOGO movie tickets, etc

Card is definitely worth paying for at least in first year. From second year, see if it suits you.