Icici wealth management account debit card

[Azharuddin]

Guys my account was upgraded to wealth management account but I still hold that blue color debit card..I called customer care today and asked if I can get a new debit for wealth management she said it's only feature benefits you get but no new card..is it true? If not is there any special debit card for wealth management account and how to apply?

 

[exo]

Most of salary accounts are not real wealth savings accounts. Icici has given wealth theme to salary account holders. I think that is why they do not issue wealth debit card.

Yeah, something similar customer care told me today but they were ready to give it 1 month back but I did not proceed thinking I would try for LFT Sapphiro debit cards from my RM. :/

 

[exo]

Now I am searching for threads here for a better salary account. ICICI credit cards are also not premium. Mostly I would move to HDFC in a few months.

 

[Rkumar83]

Guys my account was upgraded to wealth management account but I still hold that blue color debit card..I called customer care today and asked if I can get a new debit for wealth management she said it's only feature benefits you get but no new card..is it true? If not is there any special debit card for wealth management account and how to apply?

I received the wealth Management Debit card after my account upgradation. I have also never maintained any MAB, for me the MAB on my account is 0.

 

[kodiswaran]

As far as I know, though the account was upgraded to Wealth Management, it has to be mapped to the HNI type of account to get the complete benefit of Wealth Management. If you have a good relationship with the Wealth Management RM, they can help you on it though the MAB is not met.

 

[Lakshya Mahani]

Has anyone been charged for wealth management debit card after downgrading of wealth account?

 

[kodiswaran]

Has anyone been charged for wealth management debit card after downgrading of wealth account?

why did you get downgraded from Wealth Account?

 

[Lakshya Mahani]

why did you get downgraded from Wealth Account?

Because of not maintaining TRV.

 

[kjs]

What will change in my life if i get wealth management Debit card (any benefits with Book my show ), even I have a ICICI wealth account which got upgraded to Wealth i dont maintain much balance just Home loan lf 40L with ICICI.

 

[cardio_guy]

Wonderful update - I was having ICICI Wealth management account till yesterday.

Today when I logged in to my ICICI net banking - it has been downgraded to Previlege account.
Also when I used to call 18001080, earlier it used to connect to customer care person directly without having to enter any option.
Now, I need to go through all the IVR options to talk to them.

I need to find out what exactly happened. I was using a 0 balance salary account.

Called customer care. It is as useless as it is. They don't know anything. On the way to close this account.

Also I am holding World Master debit card - which will be chargeable from now onwards. 200+GST.
ICICI shattered my dreams. On to HDFC now.

 

[itzmycard]

Your debit card should be free if it is a salary account even if it is downgraded to privilege account

 

[sourpai]

ICICI has been downgrading accounts recently. Mine was also downgraded to Privilege early this year from wealth since so many years. I did not know this since netbanking and app still shows wealth. Got to know about it only when debit card fees was charged. Cancelled DC and got the fees reversed.

Now thinking what to do next. Don't want to close the account to be honest. It was salary long time back, but salary shifted to Axis long back

 

[cardio_guy]

ICICI has been downgrading accounts recently. Mine was also downgraded to Privilege early this year from wealth since so many years. I did not know this since netbanking and app still shows wealth. Got to know about it only when debit card fees was charged. Cancelled DC and got the fees reversed.

Now thinking what to do next. Don't want to close the account to be honest. It was salary long time back, but salary shifted to Axis long back

I just noticed it today, Salary will come next week.
I cannot change slary account now, cutoff period for this month is over already.
I don't want to jinx this month's salary. After salary is credited, I will transfer everything to my primary account and close it.

Will they charge for debit card still? How can I get it reversed?

 

[cardio_guy]

Your debit card should be free if it is a salary account even if it is downgraded to privilege account

That's the wierd part. When I called them, they told it is not free, it is chargeable.
(Can't trust these cust care executives though, each one tells different things. They themselves don't know half of the things)

 

[shrewdoc]

Wonderful update - I was having ICICI Wealth management account till yesterday.

Today when I logged in to my ICICI net banking - it has been downgraded to Previlege account.
Also when I used to call 18001080, earlier it used to connect to customer care person directly without having to enter any option.
Now, I need to go through all the IVR options to talk to them.

I need to find out what exactly happened. I was using a 0 balance salary account.

Called customer care. It is as useless as it is. They don't know anything. On the way to close this account.

Also I am holding World Master debit card - which will be chargeable from now onwards. 200+GST.
ICICI shattered my dreams. On to HDFC now.

Maybe your salary was not getting credited into that account?

Or maybe your salary was short of the required threshold for WM Account?

Anyways, if you feel you're not getting anything useful off that account, it's better to move on to another bank.

 

[sourpai]

I just noticed it today, Salary will come next week.
I cannot change slary account now, cutoff period for this month is over already.
I don't want to jinx this month's salary. After salary is credited, I will transfer everything to my primary account and close it.

Will they charge for debit card still? How can I get it reversed?

Not sure about salary account. Might be exempted I guess. Only way to check is by visiting branch if customer care is not able to answer

 

[cardio_guy]

Or maybe your salary was short of the required threshold for WM Account?

Yes this could be the reason I suspect. And maybe ICICI do not want to give away free 0-balance WM accounts.
Salary was getting credited every month, that is not a problem.

Anyway I have written this mail to them, let's see what they say.
Anyway I have decided to close this account. Will see further next week.

I am holding a salary account with ICICI bank.
It was a wealth management variant till yesterday. But when I logged in to net banking today, I found that it has been downgraded to Previlege variant.

I know ICICI has been silently downgrading many accounts recently.
But I am very disappointed with this action on my account.
I want to know the reason why it was downgraded.

Also, I am holding a world master wealth debit card. Being a salary account, it was free of cost so far.
But now that it is downgraded, I want to know whether this card will be chargeable or not.

Also, are there any minimum balance requirements for this account? If salary stops coming, what is the change?

Let me know all these, do not reply with your shitty template automated reply.

Hope my questions are clear. Do not beat around the bush, reply properly.
Shit happens I know. But I am trying to see if there is a possible solution.

 

[rajendra.kathera]

Yes this could be the reason I suspect. And maybe ICICI do not want to give away free 0-balance WM accounts.
Salary was getting credited every month, that is not a problem.

Anyway I have written this mail to them, let's see what they say.
Anyway I have decided to close this account. Will see further next week.

I am holding a salary account with ICICI bank.
It was a wealth management variant till yesterday. But when I logged in to net banking today, I found that it has been downgraded to Previlege variant.

I know ICICI has been silently downgrading many accounts recently.
But I am very disappointed with this action on my account.
I want to know the reason why it was downgraded.

Also, I am holding a world master wealth debit card. Being a salary account, it was free of cost so far.
But now that it is downgraded, I want to know whether this card will be chargeable or not.

Also, are there any minimum balance requirements for this account? If salary stops coming, what is the change?

Let me know all these, do not reply with your shitty template automated reply.

Hope my questions are clear. Do not beat around the bush, reply properly.
Shit happens I know. But I am trying to see if there is a possible solution.

@cardio_guy, What is the reply you got from ICICI? Was your card made non-chargable?

 

[cardio_guy]

@cardio_guy, What is the reply you got from ICICI? Was your card made non-chargable?

Good question at the right time.

So yesterday I visited my nearby branch. They checked the system and confirmed that it is a 0 balance salary account with all other benefits of salary account.

But since it got downgraded to Previlege variant, but I am still holding the WM world master debit card, I asked them if it is chargeable. They told I can still continue using this card, and I will get all the benefits for that card (like air accident insurance, lounge access etc). But they couldn't confirm if it is chargeable or not. That I will come to know only during the next renewal time. Also, only during renewal I will know if they still give wm world master or some other variant.

Otherwise I can call customer care raise a request to change the debit card and get a normal titanium variant or rupay platinum variant. (Not sure if this is chargeable)

If I request for reissue of debit card through iMobile, it is still chargeable.

I have not decided what to do next. May be I will call 18001080 and see what they say for replacing new card.

Otherwise I may close this account and open a new one with HSBC or DBS. I was thinking of HDFC but their process is very difficult. Still offline pen and paper for opening and closing the account. I will decide something this week.

 

[rajendra.kathera]

Good question at the right time.

So yesterday I visited my nearby branch. They checked the system and confirmed that it is a 0 balance salary account with all other benefits of salary account.

But since it got downgraded to Previlege variant, but I am still holding the WM world master debit card, I asked them if it is chargeable. They told I can still continue using this card, and I will get all the benefits for that card (like air accident insurance, lounge access etc). But they couldn't confirm if it is chargeable or not. That I will come to know only during the next renewal time. Also, only during renewal I will know if they still give wm world master or some other variant.

Otherwise I can call customer care raise a request to change the debit card and get a normal titanium variant or rupay platinum variant. (Not sure if this is chargeable)

If I request for reissue of debit card through iMobile, it is still chargeable.

I have not decided what to do next. May be I will call 18001080 and see what they say for replacing new card.

Otherwise I may close this account and open a new one with HSBC or DBS. I was thinking of HDFC but their process is very difficult. Still offline pen and paper for opening and closing the account. I will decide something this week.

Somewhere in the forum I remember reading that if the WM master debit card is charged, it is Rs: 200+GST (Rs: 236) per annum.
As it is small amount with reference to maintaining WM status, i think it should be fine till it lasts.

 

[cardio_guy]

Somewhere in the forum I remember reading that if the WM master debit card is charged, it is Rs: 200+GST (Rs: 236) per annum.
As it is small amount with reference to maintaining WM status, i think it should be fine till it lasts.

Yes, it is Rs 236/- but the account is already downgraded to Privilege.
Only the debit card is WM world master.
So I am not even sure if next time during renewal, they will give WM world master itself.
They might give a normal card next time as well.