A super-premium credit card for high net worth individuals looking for exclusivity and luxury is the ICICI Bank Emeralde Credit Card. Numerous benefits are available with this card, such as generous reward rates, unrestricted access to airport lounges, golf privileges, and full insurance coverage. We examine its salient characteristics and advantages in-depth in this evaluation to assist you in deciding if it meets your lifestyle and budgetary requirements.
ICICI Bank Emeralde Credit Card Overview
| Feature | Details |
|---|---|
| Card Type | Premium Credit Card |
| Reward Rate | 4 reward points for every ₹100 spent |
| Reward Value | 1 Reward point equals ₹0.25 |
| Annual Fee | ₹12,000 + GST (waived on spending ₹15,00,000 annually) |
| Unique Selling Points | Unlimited lounge access, high reward rate, luxury benefits |
| Rating (out of 5) | 4.7 |
Welcome Benefits for ICICI Bank Emeralde Credit Card
| Welcome Benefit | Details |
|---|---|
| Reward Points | 12,500 reward points on joining |
| Memberships | Complimentary Taj Epicure and EazyDiner Prime memberships |
Joining Fees for ICICI Bank Emeralde Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | ₹12,000 + GST |
| Renewal Fee | ₹12,000 + GST |
| Renewal Fee Waivers | Waived on spending ₹15,00,000 annually |
Utility Payment Charges for ICICI Bank Emeralde Credit Card
| Payment Type | Charges |
|---|---|
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Membership Benefits of ICICI Bank Emeralde Credit Card
The ICICI Bank Emeralde Credit Card offers a variety of premium benefits:
- Unlimited Lounge Access: Access to domestic and international airport lounges through the Dreamfolks membership program.
- Travel Insurance: Comprehensive travel insurance including personal air accident cover up to ₹3 crore, loss of baggage, and delay in flight benefits.
- Dining Discounts: Up to ₹750 off on the second ticket when booking through BookMyShow, up to 4 times a month, and a minimum of 15% off on dining at partner restaurants.
- Golf Benefits: Complimentary golf rounds and lessons at top courses worldwide.
- Concierge Services: 24×7 concierge assistance for travel, dining, and entertainment.
Insurance Benefits
Rewards from ICICI Bank Emeralde Credit Card
| Spend Category | Reward Rate |
|---|---|
| General Spending | 4 reward points for every ₹100 spent |
| Selected Categories | 1 reward point for every ₹100 spent on utilities and insurance |
| Reward Points Cap | No cap on reward points |
| Reward Value | 1 Reward point equals ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits of ICICI Bank Emeralde Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spending of ₹2,00,000 | ₹5,000 Da Milano voucher |
Redemption of ICICI Bank Emeralde Credit Card Points
Cardholders can redeem their reward points through various channels:
- Travel: Book flights and hotels via the ICICI rewards portal.
- Gift Vouchers: Redeem points for gift vouchers from leading brands.
- Merchandise: Choose from a range of products in the rewards catalog.
- Cashback: Convert points into cashback credited to your card account.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop, Westside |
| Electronics | Croma |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Marriott Hotels, Taj Hotels, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara Voucher, IndiGo |
| Luxury Brands | Luxe, Armani, Gucci, Burberry |
| Merchandise | Peter England, Van Heusen, Raymond, Arrow |
Airport Lounge Access with ICICI Bank Emeralde Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | Unlimited complimentary access |
| International Lounges | Unlimited complimentary access |
| Add-on Cardholder Benefits | Same benefits as primary cardholder |
Airport Transfers with ICICI Bank Emeralde Credit Card
The ICICI Bank Emeralde Credit Card offers complimentary airport transfer services, enhancing your travel experience with convenience and luxury. This service is subject to availability and requires prior booking through the ICICI Bank concierge.
Forex Markup Fee for ICICI Bank Emeralde Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 1.5% of the transaction amount |
Eligibility for ICICI Bank Emeralde Credit Card
To apply for the ICICI Bank Emeralde Credit Card, applicants must meet the following criteria:
- Age: 21 to 60 years old
- Occupation: Salaried or Self-employed
- Minimum Income (Salaried): ₹3 lakh per month
- Minimum Income (Self-employed): ITR of at least ₹30 lakh annually
How to Apply
Applying for the ICICI Bank Emeralde Credit Card is straightforward:
- Online Application:
- Visit the ICICI Bank website.
- Click on the “Apply Now” button and fill out the required personal and financial information.
- Submit the necessary documents online as per the instructions.
- Offline Application:
- Visit the nearest ICICI Bank branch.
- Request an application form for the ICICI Bank Emeralde Credit Card.
- Fill out the form with accurate details and attach the required documents.
- Submit the form at the branch and await approval.
Card Review: ICICI Bank Emeralde Credit Card
The ICICI Bank Emeralde Credit Card is an excellent choice for individuals seeking a premium credit card with extensive benefits across travel, dining, and lifestyle categories. With high reward rates, travel privileges, and comprehensive insurance coverage, it offers substantial value for those who demand the best in credit card benefits.
Overall Rating: 4.7
- Benefits: 4.8
- Fees: 4.5
- Customer Service: 4.6
Pros and Cons of ICICI Bank Emeralde Credit Card
Advantages of the Credit Card:
- High reward rate on general spending.
- Comprehensive travel insurance and concierge services.
- Complimentary access to domestic and international airport lounges.
- Golf privileges at select courses worldwide.
Potential Drawbacks:
- High minimum income requirement.
- Annual fee not waived unless significant spending criteria are met.
Cards Similar to ICICI Emeralde Card
| Credit Card | Annual Fee | Lounge Access | Reward Rate | Reward Value | Special Benefits |
|---|---|---|---|---|---|
| SBI Card Prime | ₹2,999 + GST | Complimentary domestic lounge access | 10 reward points for every ₹100 spent on dining, groceries, departmental stores, and movies | 1 reward point equals ₹0.25 | Comprehensive insurance coverage, milestone benefits |
| Standard Chartered Platinum Rewards Credit Card | ₹250 + GST | NA | 5 reward points for every ₹150 spent on dining, fuel | 1 reward point equals ₹0.25 | Rewards on everyday spending |
| HDFC Regalia Credit Card | ₹2,500 + GST | Complimentary domestic and international lounge access | 4 reward points for every ₹150 spent | 1 reward point equals ₹0.25 | Comprehensive travel benefits, milestone benefits |
| HDFC Diners Club Privilege Credit Card | ₹2,500 + GST | Complimentary domestic and international lounge access | 4 reward points for every ₹150 spent, 10X reward points on partner brands | 1 reward point equals ₹0.25 | Extensive dining and travel benefits, milestone benefits |
Comparison
- SBI Card Prime offers comprehensive insurance coverage and high reward rates on dining and groceries, making it ideal for everyday spenders.
- Standard Chartered Platinum Rewards Credit Card provides good rewards on dining and fuel at a very low annual fee, suitable for those looking for basic benefits.
- HDFC Regalia Credit Card is a well-rounded option with comprehensive travel benefits and milestone rewards, ideal for frequent travelers.
- HDFC Diners Club Privilege Credit Card offers extensive dining and travel benefits with high reward rates, perfect for luxury seekers.
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about ICICI Bank credit cards and other financial products, you can visit the official ICICI Bank website. Here are some relevant resources:
FAQ
Q: What is the annual fee for the ICICI Bank Emeralde Credit Card?
A: The annual fee for the ICICI Bank Emeralde Credit Card is ₹12,000 + GST, which is waived upon spending ₹15,00,000 in the previous year.
Q: How can I earn reward points with the ICICI Bank Emeralde Credit Card?
A: You can earn 4 reward points for every ₹100 spent on general spending and 1 reward point for every ₹100 spent on utilities and insurance.
Q: Does the ICICI Bank Emeralde Credit Card offer lounge access?
A: Yes, the card offers unlimited complimentary domestic and international airport lounge access through the Dreamfolks membership program.
Q: What is the forex markup fee for international transactions?
A: The forex markup fee for international transactions is 1.5% of the transaction amount.
Q: Are there any milestone benefits with the ICICI Bank Emeralde Credit Card?
A: Yes, you can earn a ₹5,000 Da Milano voucher upon spending ₹2,00,000 in the first two months of joining.
