ICICI Emarald card, LTF possible?

[sangalaviral]

Hi everyone,

I reached out to my RM for ICICI emarald LTF but they are refusing. What is the criteria for it to be LTF? I am currently holding Saphirro LTF from past 2 years.

Thanks

 

[anirban.choudhuryanirban.choudhury is verified member.]

If Wealth Select TRV requires 2 cr, then PBG might require even more. @sangalaviral @Wealth is my birth right!

Private banking starts with Initial Funding 1 cr

Wealth select can be issued with 25 lakhs initial funding

TRV/NRV requirements can be negotiated
Afaik TRV requirement for Global private banking relation requires 5 cr , maintaining that would make you eligible for LTF emeralde easily .
Diamant still won’t be offered , as currently ICICi is only offering them to public figures , but obviously 5cr NRV can take a shot at Diamant too

 

[CreditCardEnthusiast]

Private banking starts with Initial Funding 1 cr

Wealth select can be issued with 25 lakhs initial funding

TRV/NRV requirements can be negotiated
Afaik TRV requirement for Global private banking relation requires 5 cr , maintaining that would make you eligible for LTF emeralde easily .
Diamant still won’t be offered , as currently ICICi is only offering them to public figures , but obviously 5cr NRV can take a shot at Diamant too

I think they have stopped issuing diamant credit card now, only those who are issued earlier have it now. If 5 cr NRV in private banking or 2 cr in wealth select is not maintained, do they downgrade the account? As i have heard icici doesn’t generally downgrade the account.

 

[CreditCardEnthusiast]

Private banking starts with Initial Funding 1 cr

Wealth select can be issued with 25 lakhs initial funding

TRV/NRV requirements can be negotiated
Afaik TRV requirement for Global private banking relation requires 5 cr , maintaining that would make you eligible for LTF emeralde easily .
Diamant still won’t be offered , as currently ICICi is only offering them to public figures , but obviously 5cr NRV can take a shot at Diamant too

Also bhai the branch i visited, they asked for 25 lakh funding for wealth management and 3 cr for wealth select which is insane as there is hardly any difference in wealth management and wealth select, despite the only difference i felt was visa infinite debit card and hyatt dining membership. I guess TRV maintenance and initial funding requirement depends on branch to branch and negotiation skills.

 

[Rahul Gupta]

Hi, I recently got a message that I can upgrade to Emerald credit card. When I checked the offer, it showed joining/annual fee of Rs 12000/-. I haven't selected the offer yet. I do have a signature card and also Amazon Pay card. Thanks.

This is my 1st post on Technofino.

Signature card?

 

[sangalaviral]

Just a suggestion, You can link your family members in Net banking. They will get automatically upgraded to pbg once they get linked with you.

You can do that for wealth but not for PBG. I have already tried that.

 

[cpkalariya]

On my ICICI app, I have observed a tricky situation. I am holding Amazon Pay CC with Rs.8.5 lakh limit and I have set spend limit to max 8.5 lakh. Currently, Emerald CC is pre-approved with joining & annual fee of Rs.12k. The same offer is vanished when I reduce spend limit. Again, the offer is appeared when I set spend limit max 8.5 lakh.

 

[anirban.choudhuryanirban.choudhury is verified member.]

On my ICICI app, I have observed a tricky situation. I am holding Amazon Pay CC with Rs.8.5 lakh limit and I have set spend limit to max 8.5 lakh. Currently, Emerald CC is pre-approved with joining & annual fee of Rs.12k. The same offer is vanished when I reduce spend limit. Again, the offer is appeared when I set spend limit max 8.5 lakh.

You will start getting emeralde offer if your existing ICICI card has 6 lakhs limit

 

[tushu5121]

Hello i also get the upgrade offer to emeralde cc from Apay card. But its paid. I am also trying to get ltf or atleast 1st year free

 

[CreditCardEnthusiast]

@sangalaviral Can you please tell us how much mab is required for pbg? because there are many speculations such as for opening account 1 cr initial funding is required and later on 5cr/10cr should be maintained. Can you please enlighten us? also does the imobile color remains black?

 

[sangalaviral]

Hello i also get the upgrade offer to emeralde cc from Apay card. But its paid. I am also trying to get ltf or atleast 1st year free

They are begging me to take FYF but I have refused.

 

[sangalaviral]

@sangalaviral Can you please tell us how much mab is required for pbg? because there are many speculations such as for opening account 1 cr initial funding is required and later on 5cr/10cr should be maintained. Can you please enlighten us? also does the imobile color remains black?

I told them I will give them 20L initially and would gradually increase upto 1Cr but it will depend on your performance.

 

[tushu5121]

You will start getting emeralde offer if your existing ICICI card has 6 lakhs limit

I have 3.2L Apay card still i got the emeralde card but i am thinking to close it as,its worthless for me its like normal cards no super premium things like icici claims

 

[tushu5121]

They are begging me to take FYF but I have refused.

Yes.. its not worth at unless LTF as reward rate is bad no premium benifits like they claim its super premium

 

[sangalaviral]

Correct! That's I told them that cost of the card should not be higher than 2K.

 

[tushu5121]

Correct! That's I told them that cost of the card should not be higher than 2K.

Same they argued with me saying you are getting unlimited launge acces etc.. golf round etc. I told them its not free Go and do basic Research there are Way better Cards offer Way better benifits than this

 

[anirban.choudhuryanirban.choudhury is verified member.]

Same they argued with me saying you are getting unlimited launge acces etc.. golf round etc. I told them its not free Go and do basic Research there are Way better Cards offer Way better benifits than this

I couldn’t understand “It is not free” as in ?
You mean card is not free or lounge access is not free ?

 

[anirban.choudhuryanirban.choudhury is verified member.]

I told them I will give them 20L initially and would gradually increase upto 1Cr but it will depend on your performance.

At 20 Lakh Initial deposit , you got global private banking ?

 

[CreditCardEnthusiast]

At 20 Lakh Initial deposit , you got global private banking ?

I am also shocked to hear that. PBG account in 20 lakh initial deposit. Even for wealth select they ask for 25 lakh initial funding.

 

[saucy]

I told them I will give them 20L initially and would gradually increase upto 1Cr but it will depend on your performance.

Out of sheer curiosity -- why would you/anyone keep such a large amount in Bank, instead of liquid funds or property assets?

 

[sangalaviral]

At 20 Lakh Initial deposit , you got global private banking ?

I do not know if Global Private banking or Private Banking are 2 diff products. In the netbanking, it says Private Banking.