Curently I am holding 3 CC from ICICI (Apay/ Coral Visa and Coral Rupay), all being LTF and limit upwards of 10L. Recently I reached out to some ICICI folks who were at our office campus for upgrade offers, they told me that I am eligible for Sapphiro and I applied for it as well. I asked them to upgrade my existing Coral Visa to Sapphiro, as the current Coral Card has hardly any offers with it. However, they rejected my upgrade after validating the documents stating that I cannot hold more than 2 CC from ICICI at any point of time. Is that so?