Some good news for ICICI Emeralde Private Metal users

[urboss]

Now you can convert your RPs for Air India miles. For Emeralde Private Metal users, its 1:1

 

[Sriim]

ICICI Emeralde Private Metal is refunding few paise more than the actual fuel surcharge. Is it a calculation mistake.
Did anyone else also notice this.

@urboss @callsignmaverick

Fuel surcharge is calculated on the amount you spend on fuel (4000 in this case) 1% (40) + gst (7.2)

Some banks calculate reversal on the total amount you spend on fuel, including the surcharge (4047.20 in this case) 1% (40.47) + gst (7.29)

Happens with my BOB HPCL Energie credit card. They won't take it back.

 

[rajantech]

"

Reward Redemption​

The ICICI Bank reward points earned for your spends can be redeemed against a host of products, travel, movie vouchers, appliances, mobiles, lifestyle products, and more, at the value of 1 RP = Rs. 1.

" Even for statement credit it will be 1=1 , previous it has different redeemption rate for every categories.

Do note following for Emeralde Private Metal:

1. There is no option to redeem rewards for cash/statement.
2. Redemption is only against vouchers. Some examples attached. Additionally there is a Rs 99 + GST charge per redemption.

Another Caveat: Suppose you redeem reward points for a makemytrip gift card. When you would apply gift card, it would compulsorily remove discount code, thereby increasing the price.

 

[itsds]

Do note following for Emeralde Private Metal:

1. There is no option to redeem rewards for cash/statement.
2. Redemption is only against vouchers. Some examples attached. Additionally there is a Rs 99 + GST charge per redemption.

Another Caveat: Suppose you redeem reward points for a makemytrip gift card. When you would apply gift card, it would compulsorily remove discount code, thereby increasing the price.

to be honest , i don't see much spend based benefit here, rate of return wont be great , I have DCB Metal will keep using same only.