ICICI Bank Emeralde Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
ICICI Bank Emeralde Credit Card
Bank Name :
ICICI Bank
Type :
Premium Credit Card
Interest Rate :
3.40% per month (40.80% per year)
Eligibility :
You must be at least 21 years old.
You must have a minimum monthly income of Rs. 3,00,000.
You must have filed annual income tax returns of Rs. 30,00,000 or above.
You must be an existing ICICI Bank Global Private Client customer.
Pros
Unlimited lounge access: Enjoy unlimited domestic and international airport lounge access via Priority Pass and Dragon Pass memberships. This is ideal for frequent travelers.
Luxury lifestyle benefits: Get complimentary rounds/lessons at golf courses, spa access, exclusive discounts at hotels, gyms, and wellness centers, and access to BookMyShow vouchers and Da Milano gift vouchers.
Travel perks: Benefit from low mark-up fees on foreign currency transactions, reduced APR on ATM cash withdrawals abroad, complimentary travel insurance, and airport transfers (on specific spends), and No cancellation charges on domestic travel and hotel bookings.
Rewards: Earn 4 Reward Points per Rs. 100 spent on all transactions (1% cashback). Points can be redeemed for flights, merchandise, vouchers, and more.
Flexibility in fees: Choose to pay the annual fee monthly or annually, with a waiver available on exceeding specific spending thresholds. Provides lowest currency mark-up fees of only 1.5%.
Other benefits: Enjoy no over limit fee, cash withdrawal fee, or late payment fee, along with complimentary accident insurance, purchase protection, and emergency card replacement.
Cons
High annual fee: The Rs. 12,000 annual fee is steep and requires significant spending to offset the cost through benefits.
High spending requirement for fee waiver: The fee waiver requires Rs. 15 lakh in annual spends, which may not be feasible for everyone.
Average reward rate: Compared to other super-premium cards, the 4x reward rate is decent but not exceptional.
Limited domestic airport lounge access: While unlimited, the domestic lounge access only covers select airports compared to wider-network cards.
Targeted towards specific needs: The benefits cater to a specific lifestyle of travel, golf, and luxury experiences, which may not suit everyone.
Pros & Cons
Welcome Benefits
No welcome Benefit but, a Birthday Benefit is provided: Rs 5000 Tata CLiQ Voucher (Only on Amex)
This used to be a Trident Hotel dining voucher worth Rs 7500. Wish, they had kept the same value for the Tata CLiQ voucher as well.
Rewards System
Retail Transactions: 4 ICICI Rewards Points / Rs 100 ~ 1% Return
Utilities and Insurance: 1 ICICI Rewards Points/Rs 100 ~0.25% Return
Fuel: No Rewards
International Forex Markup
IFM- 1.5%
Welcome Benefits and Reward System
Special Features
Domestic Airport Lounge Access: Unlimited visits for both primary and add-on cards via Visa/Mastercard/Amex.
International Airport Lounge Access: Unlimited visits for primary cards via Dreamfolks.
Eligibility Criteria
You must be at least 21 years old.
You must have a minimum monthly income of Rs. 3,00,000.
You must have filed annual income tax returns of Rs. 30,00,000 or above.
You must be an existing ICICI Bank Global Private Client customer.
Benefits
Golfing: Get complimentary 2 rounds/lessons per month at premium golf courses across India.
Hotel membership: Receive a complimentary Priority Club Platinum membership with exclusive hotel benefits.
Dining: Get 15% discount at over 2,500 restaurants under ICICI Culinary Treats program.
Movie benefits: Enjoy 2 complimentary movie tickets per month worth up to Rs. 750 each.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
The Emeralde Card is a super-premium card targeted towards high-income individuals with a high annual fee of Rs. 10,000 (plus GST).
Application through an exclusive pre-qualification process is encouraged. To check your pre-qualification, visit the ICICI Bank website or mobile app and enter your details.
If pre-qualified, you'll be contacted by the bank for further information and documentation.
Alternatively, you can visit an ICICI Bank branch and express your interest in applying for the Emeralde Card.
Contact Details
180010201239
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Unlimited lounge access: Enjoy unlimited domestic and international airport lounge access via Priority Pass and Dragon Pass memberships. This is ideal for frequent travelers.
Luxury lifestyle benefits: Get complimentary rounds/lessons at golf courses, spa access, exclusive discounts at hotels, gyms, and wellness centers, and access to BookMyShow vouchers and Da Milano gift vouchers.
Travel perks: Benefit from low mark-up fees on foreign currency transactions, reduced APR on ATM cash withdrawals abroad, complimentary travel insurance, and airport transfers (on specific spends), and No cancellation charges on domestic travel and hotel bookings.
Rewards: Earn 4 Reward Points per Rs. 100 spent on all transactions (1% cashback). Points can be redeemed for flights, merchandise, vouchers, and more.
Flexibility in fees: Choose to pay the annual fee monthly or annually, with a waiver available on exceeding specific spending thresholds. Provides lowest currency mark-up fees of only 1.5%.
Other benefits: Enjoy no over limit fee, cash withdrawal fee, or late payment fee, along with complimentary accident insurance, purchase protection, and emergency card replacement.
High annual fee: The Rs. 12,000 annual fee is steep and requires significant spending to offset the cost through benefits.
High spending requirement for fee waiver: The fee waiver requires Rs. 15 lakh in annual spends, which may not be feasible for everyone.
Average reward rate: Compared to other super-premium cards, the 4x reward rate is decent but not exceptional.
Limited domestic airport lounge access: While unlimited, the domestic lounge access only covers select airports compared to wider-network cards.
Targeted towards specific needs: The benefits cater to a specific lifestyle of travel, golf, and luxury experiences, which may not suit everyone.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining and Annual Fee: Rs 1000/month or Rs 12000/year
Annual Fee Waiver: Rs 1 Lakh spent for the monthly plan or Rs 12 Lakhs spent on the yearly plan.
Interest Rate: 3.40% per month (40.80% per year) on outstanding balance after due date.
Cash advance: 3.40% per month (40.80% per year) on the transaction amount from the date of the transaction.
Foreign Currency Mark-up fees: 1.5% on international transactions
Fuel Surcharge
The ICICI Bank Emeralde Credit Card offers a 1% fuel surcharge waiver on all fuel transactions at any fuel outlet when the card is swiped.
Billing Cycle
30 Days