ICICI Bank Emeralde Credit Card
Rewards & Benefits
Welcome Benefits
No welcome benefit but, a birthday benefit is provided: Rs 5000 Tata CLiQ voucher (only on Amex).
Milestone Benefits
Cashback Rate
Users will earn 4 reward points per Rs. 100 spent on all transactions, effective cashback rate: 1%.
Users will earn 1 reward point on transactions related to utilities and insurance, effective cashback rate: 0.25%.
Movie Benefits
Dining Benefits
Other Benefits
Fee flexibility:Users can pay the annual fee monthly or annually, with a waiver available on exceeding specific spending thresholds. It provides the lowest currency mark-up fees of only 1.5%.; Other benefits:There is no over-limit fee, cash withdrawal fee, or late payment fee, along with complimentary accident insurance, purchase protection, and emergency card replacement.
Lounge Access
Fees & Charges
Joining Fee
Joining and Annual Fee: Rs 1000/month or Rs 12000/year |
Annual Fee
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.
Cash Advance Fee
3.40% per month (40.80% per year) on the transaction amount from the date of the transaction.
Interest rate
3.40% per month (40.80% per year)
Late Payment Fee
Foreign Currency Transactions Fee
Foreign Currency Mark-up fees:1.5%on international transactions
Other Fees
Cash advance: 3.40% per month (40.80% per year) on the transaction amount from the date of the transaction.
Cons
High annual fee: 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 spending, 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.
Rewards system: Users will earn 4 reward points per Rs. 100 spent on all transactions, effective cashback rate: 1%. Users will earn 1 reward point on transactions related to utilities and insurance, with an effective cashback rate of 0.25%
Unlimited lounge access: Users can enjoy unlimited domestic and international airport lounge access via priority pass and dragon pass memberships. This is ideal for frequent travellers.
Luxury lifestyle benefits: Users will get complimentary rounds/lessons at golf courses, spa access, exclusive discounts at hotels, gyms, and wellness centres, 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.
Fee flexibility: Users can pay the annual fee monthly or annually, with a waiver available on exceeding specific spending thresholds. It provides the lowest currency mark-up fees of only 1.5%.
Other benefits: There is no over-limit fee, cash withdrawal fee, or late payment fee, along with complimentary accident insurance, purchase protection, and emergency card replacement.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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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.
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
1.80E+11
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Rewards system: Users will earn 4 reward points per Rs. 100 spent on all transactions, effective cashback rate: 1%. Users will earn 1 reward point on transactions related to utilities and insurance, with an effective cashback rate of 0.25%
Unlimited lounge access: Users can enjoy unlimited domestic and international airport lounge access via priority pass and dragon pass memberships. This is ideal for frequent travellers.
Luxury lifestyle benefits: Users will get complimentary rounds/lessons at golf courses, spa access, exclusive discounts at hotels, gyms, and wellness centres, 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.
Fee flexibility: Users can pay the annual fee monthly or annually, with a waiver available on exceeding specific spending thresholds. It provides the lowest currency mark-up fees of only 1.5%.
Other benefits: There is 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: 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 spending, 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.
The ICICI Emeralde Credit Card is a top-tier offering with exceptional travel and lifestyle benefits, along with high rewards on retail spending. However, its hefty annual fee and invitation-only status make it suitable only for high-spending individuals who frequently travel and value luxury experiences. If you fall under this category, the Emeralde card can be a valuable tool to enhance your lifestyle and unlock exclusive privileges. However, for occasional travelers or those with lower spending patterns, a different card with more affordable fees and targeted rewards might be a better choice.
The ICICI Emeralde Credit Card is a top-tier offering with exceptional travel and lifestyle benefits, along with high rewards on retail spending. However, its hefty annual fee and invitation-only status make it suitable only for high-spending individuals who frequently travel and value luxury experiences. If you fall under this category, the Emeralde card can be a valuable tool to enhance your lifestyle and unlock exclusive privileges. However, for occasional travelers or those with lower spending patterns, a different card with more affordable fees and targeted rewards might be a better choice.
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
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Fuel Surcharge
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Billing Cycle
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