Strange ICICI Account upgrade to private banking coz of times black card??

[V360V360 is verified member.]

Huh? It's my choice. Go check icici thread for this card, most people here applied but don't want to activate it. Now icici provided premium banking here which is a plus and also I have 30 days where I can change my mind and might activate the card. Major thing is fees here which is 20k+20k joining/annual hence for now I am inclined to not activate.


🤣 🤣 RBI policy is such that a card which isn't activated card be charged any fees btw. A statement also can't be generated on a non-activated card. ICICI is helpless here, RBI is a regulatory body for all indian banks.

Wait and watch - did we forgot what IDFC Bank did on their metal card being missused?

 

[krishg]

Huh? It's my choice. Go check icici thread for this card, most people here applied but don't want to activate it. Now icici provided premium banking here which is a plus and also I have 30 days where I can change my mind and might activate the card. Major thing is fees here which is 20k+20k joining/annual hence for now I am inclined to not activate.

It's your choice, but since you posted in public forum, people can have opinion that "it does not make sense". Fees are clearly known to everyone while applying, not that they just realize after receiving the card. Because of such whimsical actions and misuse (this is just one of the many examples) by some customers, banks also keep on devaluing or impose additional charges on cards to recover their cost eventually harming fair usage. One such example is adding so many exclusions in last couple of years which were not there for decades before that.
I am not saying that you alone are doing something very wrong, but things like this when done by millions of people, it's a huge cost to banks, and obviously they recover that in some way.

 

[cardio_guy]

This thread in general provides a good info. But real annoying part of this is this person "applies for a super premium card and then says won't activate it"!!!!. What's the point here? Seems nonsense. Just wasting resources of the banks. If more and more people do such senseless things, it's very unfair to the banks. We as customers keep on complaining of bank's service. But as customers, we also need to be fair, otherwise good customers will end up suffering due to devaluation or any other stupid policies imposed by banks from time to time.

If banks give sh#t service to customers, some customers also will give it back to banks. Why we only should suffer?
Banks policies are always tilted to benefit them in all cases. Customer has to run from pillar to post to get anything from bank. Even for missing 1 rs minimum balance, they will charge fine. The credit card cos are just waiting for one small mistake from our side to charge us fine like hell. They are not so pious and no need to expect customers to be so grateful. Give respect and take respect is what all these fishy banks should learn. If I get a chance I will use any loophole to freak them out.


Also banks are not here to give free money to us. All the benefits and offers are only to catch customers. Once they have enough customers they will reduce all benefits. That's a proven marketing technique used by all companies. It has nothing to do with people misusing cards.

 

[2025]

🤣 🤣 RBI policy is such that a card which isn't activated card be charged any fees btw. A statement also can't be generated on a non-activated card. ICICI is helpless here, RBI is a regulatory body for all indian banks.

Lets c who win here customer or bank.
Technically speaking banks do incur a cost to generate these personalized cards.
They will be recovering the cost also. From u guys or from those who are poor and do not try to exploit loopholes.

 

[cardio_guy]

Lets c who win here customer or bank.
Technically speaking banks do incur a cost to generate these personalized cards.
They will be recovering the cost also. From u guys or from those who are poor and do not try to exploit loopholes.

Ultimate victory is always for the banks. Customers get temporary pleasure thinking that they cheated the bank.

 

[Bionick]

Banks are not here to give free money to us. All the benefits and offers are only to catch customers. Once they have enough customers they will reduce all benefits. That's a proven marketing technique used by all companies. It has nothing to do with people misusing cards.

Agree. ICICI is selling 17 grams of scrap from TOI Press at 24k with "exclusive" benefits that are mediocre at best. (I do not consider them more than half of the fees). And if they want to make fee payment mandatory in order to get the card, they should mention it clearly on their website like IDFC does. Now its totally customer's choice whether they want to pay and keep it or not.

 

[Nishan11]

This thread in general provides a good info. But real annoying part of this is this person "applies for a super premium card and then says won't activate it"!!!!. What's the point here? Seems nonsense. Just wasting resources of the banks. If more and more people do such senseless things, it's very unfair to the banks. We as customers keep on complaining of bank's service. But as customers, we also need to be fair, otherwise good customers will end up suffering due to devaluation or any other stupid policies imposed by banks from time to time.

First of all most people applied for this card because ICICI created such a illusion by marketing this card exclusive only for super premium customers. Most thought it will be tougher & take more effort than getting Emeralde Metal or similar.

But ICICI start approving cards to almost everyone even with 2 L limit. Most of the perks offered by this card still not have much clarity. And majority of perks will benefit to tier 1 city customers only. There is hardly anything worth for UHNI/HNI living in tier 2/3 cities which justifies its annual fees.

And, more importantly, if you distribute your much anticipated super premium card to almost everyone without any definite criteria, then it's not exclusive card & definitely not for customers it aims to target.

Mass cancelation will definitely happen & its already happening on twitter & reddit.

 

[Sobirvs]

Lets c who win here customer or bank.
Technically speaking banks do incur a cost to generate these personalized cards.
They will be recovering the cost also. From u guys or from those who are poor and do not try to exploit loopholes.

Bank get's MDR on every damn trxn. Most people use their card randomly and not even 1% of bank's credit card users are on technofino who wants to exploit bank cards. And how is it exploitation when bank agreed with RBI for 30 days activation policy? And spare me this BS abt exploitation, I have 7-8 cc's with icici and I give ample amount of business to ICICI already. I don't even use the card features they give us like lounge axx, bms feature or golf. Is bank exploiting me? and even if people don't find loopholes, you can't GUARNTEE that bank won't de-value the cards, can you?

Let's say icici is making 1500 crores with rubyx credit card holders. Bank tomorrow can think, oh, but we need 2500 crores, more profits, let's devalue the cards and we will make more profits, and you have no power to stop that. There doesn't exist any credit card holder unions in India which can be a pressure group to pressure the bank to NOT devalue the credit cards.
Stop defending a bank or any bank to be honest. They have ample channels to make profits. My sister in law works with banks and I know what they do and what shit they pull. Let's not have this holier-than-thou attitude.

 

[Bionick]

First of all most people applied for this card because ICICI created such a illusion by marketing this card exclusive only for super premium customers. Most thought it will be tougher & take more effort than getting Emeralde Metal or similar.

But ICICI start approving cards to almost everyone even with 2 L limit. Most of the perks offered by this card still not have much clarity. And majority of perks will benefit to tier 1 city customers only. There is hardly anything worth for UHNI/HNI living in tier 2/3 cities which justifies its annual fees.

And, more importantly, if you distribute your much anticipated super premium card to almost everyone without any definite criteria, then it's not exclusive card & definitely not for customers it aims to target.

Mass cancelation will definitely happen & its already happening on twitter & reddit.

I saw one with 59k credit limit 🤣🤣

 

[2025]

Bank get's MDR on every damn trxn. Most people use their card randomly and not even 1% of bank's credit card users are on technofino who wants to exploit bank cards. And how is it exploitation when bank agreed with RBI for 30 days activation policy? And spare me this BS abt exploitation, I have 7-8 cc's with icici and I give ample amount of business to ICICI already. I don't even use the card features they give us like lounge axx, bms feature or golf. Is bank exploiting me? and even if people don't find loopholes, you can't GUARNTEE that bank won't de-value the cards, can you?

Let's say icici is making 1500 crores with rubyx credit card holders. Bank tomorrow can think, oh, but we need 2500 crores, more profits, let's devalue the cards and we will make more profits, and you have no power to stop that. There doesn't exist any credit card holder unions in India which can be a pressure group to pressure the bank to NOT devalue the credit cards.
Stop defending a bank or any bank to be honest. They have ample channels to make profits. My sister in law works with banks and I know what they do and what shit they pull. Let's not have this holier-than-thou attitude.

All da best.

(N.B. I am not defending anyone)

 

[Dobbiee]

This thread in general provides a good info. But real annoying part of this is this person "applies for a super premium card and then says won't activate it"!!!!. What's the point here? Seems nonsense. Just wasting resources of the banks. If more and more people do such senseless things, it's very unfair to the banks. We as customers keep on complaining of bank's service. But as customers, we also need to be fair, otherwise good customers will end up suffering due to devaluation or any other stupid policies imposed by banks from time to time.

Hasnt the bank made such confusion and is unclear of what it wants to achieve.
A card meant for Private Banking customers, being issued to everyone.

The outcome would be this only.

 

[rsyed]

I think I will hold off to closing anything neither I'll call them for debit card. If they themselves send it, great but I don't want any fees whatsoever just in any case. My cc I think all have shared limit. I have 8 cc's with them, coral/rupay/2 sapphiro/2rubyx/apay/timesblack. Apay has 5L limit and alll others have 4.7L limit. I don't think these are individual limits, I think these are all shared limits afaik.

Will wait for the offers to refresh.

Ask to convert CC to LTF

 

[rsyed]

Ask to convert CC to LTF

What happened? Y laughing ? I am holding all the ICICI CCs LTF except Emerald Private Metal CC. Not applied for TimesBlack bcoz I see no value.

 

[Sobirvs]

What happened? Y laughing ? I am holding all the ICICI CCs LTF except Emerald Private Metal CC. Not applied for TimesBlack bcoz I see no value.

I am laughing coz this is icici's super premium card that too launched few days back, I hardly think they will offer this card as LTF to ANYONE. I have 8 icici's cards hence saying.

 

[rsyed]

I am laughing coz this is icici's super premium card that too launched few days back, I hardly think they will offer this card as LTF to ANYONE. I have 8 icici's cards hence saying.

I am not talking abt TimesPrime but remaining cards. As you are holding Private banking, you can ask your RM to check and convert the CCs to LTF.

 

[Sobirvs]

I am not talking abt TimesPrime but remaining cards. As you are holding Private banking, you can ask your RM to check and convert the CCs to LTF.

Nice idea. My paid rubyx/sapphiro will charge me fees after may be 8-9 months, so ample time to talk and negotiate with the bank, thanks man.

 

[theflash]

First of all most people applied for this card because ICICI created such a illusion by marketing this card exclusive only for super premium customers. Most thought it will be tougher & take more effort than getting Emeralde Metal or similar.

But ICICI start approving cards to almost everyone even with 2 L limit. Most of the perks offered by this card still not have much clarity. And majority of perks will benefit to tier 1 city customers only. There is hardly anything worth for UHNI/HNI living in tier 2/3 cities which justifies its annual fees.

And, more importantly, if you distribute your much anticipated super premium card to almost everyone without any definite criteria, then it's not exclusive card & definitely not for customers it aims to target.

Mass cancelation will definitely happen & its already happening on twitter & reddit.

From what I've noticed and heard afaik they've not marketed this as a invite only card or for HNWI/UHNWI/UUHNWI. They are giving it to anyone who wants. Also as per the fees I see I don't think everyone will take it. Like IDFC Mayura atleast compensated for the 1st year fees to make it kinda FYF. This card totally seems paid and is useful only to a select few.... Anyways I'm not talking from any particular side. Just stating things I've read online.

 

[Sobirvs]

This post made it to X (we are the media now 😍 😛) by the technofino founder...



also this

 

[TechnoFinoTechnoFino is verified member.]

Yea... ICICI Bank is upgrading customers to private banking for holding certain credit card

 

[Sobirvs]

cancel card walon (inc me) abh tumhara kya hoga kaliya 😢 😢 😢