ICICI Bank Emeralde Credit Card Review

After a long time I can see that finally, ICICI Bank came with an incredible credit card in India targeting the lifestyle premium credit card segment, with ICICI  Bank Emerald credit card, offers huge benefits among all the credit cards present in the Indian market, I can profoundly say that it is one of the serious contenders of HDFC Bank Infinia Credit Card nowadays which is considered as the best possible credit card available in the Indian market.

ICICI Bank Emeralde Credit Card Review

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: 3 lakh monthly. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Income tax return should be greater than ₹30 lakh. 
  • Good CIBIL Score. (More than 750).
  • ICICI Bank’s existing customers can upgrade to this card if their present credit limit is ₹6 lakh or more. 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      •  Salary Slip of the last 3 months 
      • ITR
    • Self-employed person
      • Income tax return of the last year 
      • Proof of business
      • Recent audited financial report. 

Fee:

  • Joining Fee: ₹12,000 + GST
  • Annual Fee: ₹12,000 + GST, this card also provides a monthly fee option which is ₹1000 + GST. 

Benefits:

  • Welcome benefit:

On Spending 2 lakhs within the first 2 months of joining cardholders will get a complimentary gift voucher worth Rs.5000 as a welcome gift. 

  • Reward benefit:

This card offers 4 PAYBACK Points for each ₹100 retail spends and 1 PAYBACK Point for the same on Utilities and other expenses. 

  • Lounge Access:

Enjoy unlimited complimentary access to domestic and international airport lounges.

Also, it offers unlimited Boingo WiFi services across the globe. 

This card also offers unlimited complimentary domestic airport spa access.

  • Hotel booking :

You will get a refund of up to ₹12000 for a maximum of 2 transactions every year on any flight/hotel/movie booking cancellation.

  • Movie benefit:

When you book Movie/Non-Movie tickets from BookMyShow you will get up to ₹750 off on the second ticket. You can avail of the benefit 4 times a month. 

  • Dining benefit:

Under the ICICI Culinary Treats program, you will get up to a 15% discount on your dining bill. Visit www.culinarytreats.com for the list of participating hotels. 

  • Golf Access:

It offers access to the most iconic golfing greens within and outside India, with some complimentary round of golf on every ₹50,000 or more spent on the card every month, up to a maximum of 4 rounds every month.

  • Fuel surcharge waiver:

This card offers a 1% waiver on fuel surcharges at any fuel station in India. 

  • Lifestyle benefits:

The cardholder can enjoy 50% off on the annual membership fee of Gold Gym, (at all company-owned outlets across the country. Also get a complimentary consultation from a dietician.) 

With the Amex card, you will get 30% off on your annual membership In Talwalkars Gym. 

This card offers buy 1 get 1 across all beauty services at VLCC.

To get a complimentary Hair and Scalp check-up at Richfeel worth ₹1,000.

In Kaya Skin Clinic get Rs. 1,000 off on bill amount.

  • Insurance coverage:

This card comes with a personal air accidental coverage of ₹3 crores, and a baggage insurance coverage of ₹50,000.

You will also get $500 coverage against loss of travel documents and $1200 coverage against loss of checked-in baggage. 

  • Amex offer:

On the American Express variant, you will get a 15% discount on O2 Spa, and up to 20% discount on making charges at Joyalukkas. 

  • Fee Waiver:

If you can spend ₹15 lakh with your card in a year, then the annual fee of your card will be waived off for the next year. 

And if you are using the monthly plan then you will get a waiver on your monthly fee on spending ₹1 lakh in a month. 

  • Lost card liability:

This card comes with lost card liability coverage of ₹50,000. To avail of the maximum benefits of the coverage, you have to report the loss as soon as possible. 

  • Concierge service:

This card comes with a world-class concierge service, you can get assistance from them for hotel and restaurant reservations, booking movie tickets, gift delivery, etc.  

Charges:

  • Cash Advance Charge: 1.99% annually. 
  • Finance Charge: 3.4% monthly. 
  • Foreign currency transaction: 1.5% against the transaction amount. 

Contact Details:

Call: 1860 120 7777

Mail: You can mail the service authority just by visiting their website here: https://www.icicibank.com/complaints/complaints.page 

Dispute Resolution Process:

100xGain Ratings: 8/10

Final Opinion:

ICICI Emerald Credit Card is a well-crafted credit card for lifestyle benefits. For the high spenders, this card brings a lot of exclusive benefits like unlimited free lounge access, free golf rounds, a big benefit on dining & movies, insurance & lost card liability coverage, etc. 

But there are some major drawbacks of this card, first of all, the annual fee of the card is quite high compared to other premium cards. And to get a waiver you have to spend ₹15 lakh in a year or ₹1 lakh in a month. Secondly, the reward benefit offered by the card is way too low, but it does not matter if you value the other benefits most. 

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