ICICI Wealth Management Account Holders please share your experience.

[TheTrickySid]

What's the MAB you guys maintaining in your Wealth management account.

And what's would be the ideal mab to prevent it from getting downgraded.
Or any tips to avoid getting the account downgraded without maintaining mab.

 

[Batmanbaba]

Considering I am an old customer who has a very basic savings account with ICICI and APAY Card with 1 lakh limit, can you tell me the best way to get Wealth Account and if possible Sapphiro also. I am ready to do initial funding also as long as I can withdraw the full amount without penalty! I have zero clues about ICICI wealth account and its actual requirements (ignoring all crap they mention on their website). Please share some ways in which with minimum input I can maximize my output.

If u will push they will give rubyx ltf.... These days they are not giving sapphiro that easily... And since you have got apay first. After apay... Getting core icici card becomes very hard

 

[TheTrickySid]

If not the LTF Sapphiro card then what benefit will I get/can get from a Wealth account at ICICI? ANy good card which is LTF (debit/credit)?

You get wealth dc LTF

 

[codenerd]

View attachment 8018

Yes I have wealth account
Even though it's zero balance I still maintain some balance.

Wow! Thanks a lot. This helps. Did you have to fight/negotiate or anything for getting 0 MAB in wealth or was it by default? I have seen RMs unnecessarily force/persuade to topup balance.

What was the initial funding that you did to get wealth account and how soon did you withdraw the money?

Which card exactly is given as LTF by default with WEALTH account (DEBIT/CREDIT)?

 

[TheTrickySid]

Wow! Thanks a lot. This helps. Did you have to fight/negotiate or anything for getting 0 MAB in wealth or was it by default? I have seen RMs unnecessarily force/persuade to topup balance.

What was the initial funding that you did to get wealth account and how soon did you withdraw the money?

Which card exactly is given as LTF by default with WEALTH account (DEBIT/CREDIT)?

Wealth is 0 mab by default, so no negotiation needed.

10L initial funding required, I did 5L

Wealth Debit card is LTF

 

[codenerd]

Wealth is 0 mab by default, so no negotiation needed.

10L initial funding required, I did 5L

Wealth Debit card is LTF

Thanks a lot! I will try to get this account.

 

[FinoGuy]

If u will push they will give rubyx ltf.... These days they are not giving sapphiro that easily... And since you have got apay first. After apay... Getting core icici card becomes very hard

What difference between rubyx and sapphiro?

 

[anonymuos]

I wish I had opened ICICI Pockets Savings account or ICICI MINE accounts. They were both 0-balance. Missed both and now my home branch is saying pay 30-35 Lakhs for wealth account. Will try at other branches or visit some village and open there.

I am actually a Millennial 😅 so technically eligible for ICICI Mine. Instead of age, they should look at birth years since their website says "Savings Account created especially for millennials" 😅

 

[luckymurari]

What difference between rubyx and sapphiro?

Nothing much other than rps and BOGO BMS offer. ICICI is somehow bad at its credit cards.

 

[Batmanbaba]

I wish I had opened ICICI Pockets Savings account or ICICI MINE accounts. They were both 0-balance. Missed both and now my home branch is saying pay 30-35 Lakhs for wealth account. Will try at other branches or visit some village and open there.

Try in rural branch.... U may get in 5 lakh...

 

[Batmanbaba]

What difference between rubyx and sapphiro?

Not much.... Just difference in tier... Sapphiro is higher than rubyx...

 

[jack333]

What difference between rubyx and sapphiro?

Sapphiro has international lounge access and b1g1 at book my show

 

[Chaitanya-a]

If u will push they will give rubyx ltf.... These days they are not giving sapphiro that easily... And since you have got apay first. After apay... Getting core icici card becomes very hard

You can get Coral CC without any documents if you're holding Apay card by applying for Expressions CC. They call it Expressions CC but its actually Coral.

 

[avishj]

Whats the name of the account you hold? I will also check. I have a simple savings account since last 4 years with ICICI and am abolsutely fed up with nothing special being offered.

ICICI Wealth Management Savings Account

That seems regular wealth account. Not 0 bal account. My nearest branch told me she can open wealth account with 1L cheque but have to maintain 1L avg balance. @HyperBeast
@avishj

There is no requirement of maintaining balance in Wealth Management SA.

Any supporting proof so that I can use it to leverage my bank? Do you yourself hold a wealth and maintain 0 MAB?

Like HyperBeast, I can confirm the same. My maintained MAB is barely 100/-.

If not the LTF Sapphiro card then what benefit will I get/can get from a Wealth account at ICICI? ANy good card which is LTF (debit/credit)?

The DC is MC World, has some decent offers, nothing too special, also has 2 DOM lounge / quarter.

Wow! Thanks a lot. This helps. Did you have to fight/negotiate or anything for getting 0 MAB in wealth or was it by default? I have seen RMs unnecessarily force/persuade to topup balance.

What was the initial funding that you did to get wealth account and how soon did you withdraw the money?

Which card exactly is given as LTF by default with WEALTH account (DEBIT/CREDIT)?

In my case it was default, used 10L cheque, didn't think about negotiating, money was only in the account for a couple days, withdrew it to 0 very soon. Wealth Management DC is given LTF with the benefits mentioned in the previous comment of mine.

I wish I had opened ICICI Pockets Savings account or ICICI MINE accounts. They were both 0-balance. Missed both and now my home branch is saying pay 30-35 Lakhs for wealth account. Will try at other branches or visit some village and open there.

Sad luck. Try other branches, even semi-urban should work with a 10L cheque.

You can get Coral CC without any documents if you're holding Apay card by applying for Expressions CC. They call it Expressions CC but its actually Coral.

It won't be LTF though, right?

 

[Chaitanya-a]

It won't be LTF though, right?

Yeah it won't be LTF. ₹500 plus taxes

 

[Batmanbaba]

It won't be LTF though, right?

Non ltf card is not worth holding in icici.... U won't even be able to recover the amount u pay for the year in rewards.... Such is the situation... Best option is platinum ltf or sometimes... Icici offers hpcl coral ltf pre approved or mmt cards if u have travel needs....

 

[Rahul Gupta]

Non ltf card is not worth holding in icici.... U won't even be able to recover the amount u pay for the year in rewards.... Such is the situation... Best option is platinum ltf or sometimes... Icici offers hpcl coral ltf pre approved or mmt cards if u have travel needs....

I have icici titanium account right now. can you tell me how can i upgrade to wealth?

 

[Batmanbaba]

I have icici titanium account right now. can you tell me how can i upgrade to wealth?

They won't upgrade it easily.... Either wait for 6 months to 1 year.... It will be automatically upgraded... Or u have to open new account with 5l/10l initial deposit... Then.. Account will be zero balance.... Did u directly opened titanium account or was your account upgraded automatically by icici..??

 

[Rahul Gupta]

They won't upgrade it easily.... Either wait for 6 months to 1 year.... It will be automatically upgraded... Or u have to open new account with 5l/10l initial deposit... Then.. Account will be zero balance.... Did u directly opened titanium account or was your account upgraded automatically by icici..??

I upgraded it myself from regular savings to titanium via imobile. I did this because i got such a low lvl coral card as pre-approved, now waiting for rubyx.

 

[Batmanbaba]

I upgraded it myself from regular savings to titanium via imobile. I did this because i got such a low lvl coral card as pre-approved, now waiting for rubyx.

Then u have to maintain balance... Since u have upgraded yourself...which debit card do u have after upgrade...!?? The one titanium card or normal titanium card or that normal card which is given with regular savings account.....mine was upgraded automatically from regular salary account into titanium salary account....since It is automatically upgraded I don't have to get salary above 1 lakh required for titanium salary account...... And it will not be easy to get rubyx without maintenance of good mab for 2-3 months...specifically 3-4 times more than required mab.

 

[codenerd]

In my case it was default, used 10L cheque, didn't think about negotiating, money was only in the account for a couple days, withdrew it to 0 very soon. Wealth Management DC is given LTF with the benefits mentioned in the previous comment of mine.

Wow! After you made it zero balance, didnt bank guys pester you to fund the account again? Was it soo smooth? If yes then please tell me which city and branch you opened at. If Kolkata, i will also try 😆