Eligibility Criteria for ICICI Emeralde Private Metal - Discussion

[BVCBVC is verified member.]

Congrats. This is good. Some quick questions.
1. Is WM account a must-have for this card? (With 3L defenitely one will have WM account, but just in case if it is previlege account, will that be enough?)

Chances are there, but not everyone might get it.

2. Is 3L hard cutoff? Did you have above 2.8-2.9 or properly above 3 itself?

Depends a lot on RM/BM. But 90% of the cases Wealth account is necessary. These days 3L net salary Credit is being approved most.

 

[kvndsz512]

Congrats. This is good. Some quick questions.
1. Is WM account a must-have for this card? (With 3L defenitely one will have WM account, but just in case if it is previlege account, will that be enough?)
2. Is 3L hard cutoff? Did you have above 2.8-2.9 or properly above 3 itself?

bro tbh if u have decent trv of 1-2 crore nearly also ur rm can do it... my last yr itr was 7L next yr will be 11-12L still got my epm in just 3 days approval came and in after that 3 more days for the card to be approved within 10 days i guess got the card in my hand

trv as in total family relationship is decent we are in private banking

got my epm month back and have already used up like 4.5L lol 😆 infinia used up 7L xD thinking which card to get next

 

[PointsProfessors]

When will the card issuance fee be deducted? I have been using card for past 10 days, I still don't see debit on my card statement.

 

[techstrom007]

Congrats. This is good. Some quick questions.
1. Is WM account a must-have for this card? (With 3L defenitely one will have WM account, but just in case if it is previlege account, will that be enough?)
2. Is 3L hard cutoff? Did you have above 2.8-2.9 or properly above 3 itself?

I have zero balance account with ICICI from last 4 yrs. Not sure if its wealth or previlege and a LTF coral which i use for railway lounge access only. No other relationship with ICICI.

Salary is above the cutoff .. over 5L gross.

i visited the branch and contacted the random sales guy for the card who logged the application. No discussion about anything apart from the salary slips & last yr ITR which was around 40L.

Seems like all that PPOP is gone and its offered more easily now. May be RM/BM try to get something for their efforts.

I offered then 10L deposits in the icici account initially but they denied saying it will work without that as well.

Process was smooth and worked without much communication and chasing unlike INFINIA where you need to chase RM BM a lot.

Only contacted them twice, initially to log the application and then to ask the status after a month when they actually processed the application.

 

[theXfactor]

I have zero balance account with ICICI from last 4 yrs. Not sure if its wealth or previlege and a LTF coral which i use for railway lounge access only. No other relationship with ICICI.

Salary is above the cutoff .. over 5L gross.

i visited the branch and contacted the random sales guy for the card who logged the application. No discussion about anything apart from the salary slips & last yr ITR which was around 40L.

Seems like all that PPOP is gone and its offered more easily now. May be RM/BM try to get something for their efforts.

I offered then 10L deposits in the icici account initially but they denied saying it will work without that as well.

Process was smooth and worked without much communication and chasing unlike INFINIA where you need to chase RM BM a lot.

Only contacted them twice, initially to log the application and then to ask the status after a month when they actually processed the application.

Congratulations for being a new EPM holder in the town!

 

[pranjal1984]

I have zero balance account with ICICI from last 4 yrs. Not sure if its wealth or previlege and a LTF coral which i use for railway lounge access only. No other relationship with ICICI.

Salary is above the cutoff .. over 5L gross.

i visited the branch and contacted the random sales guy for the card who logged the application. No discussion about anything apart from the salary slips & last yr ITR which was around 40L.

Seems like all that PPOP is gone and its offered more easily now. May be RM/BM try to get something for their efforts.

I offered then 10L deposits in the icici account initially but they denied saying it will work without that as well.

Process was smooth and worked without much communication and chasing unlike INFINIA where you need to chase RM BM a lot.

Only contacted them twice, initially to log the application and then to ask the status after a month when they actually processed the application.

It is good that ICICI is sticking to 3L + net salary criteria or High TRV criteria in some cases. In that way, card will maintain exclusivity for some more time. But question is how long will they continue to provide the benefits without devaluing further.

 

[cardio_guycardio_guy is verified member.]

Correct. Agreee. Also good that atleast the requirement is clear. 3L+ net is straightforward and they are not asking for vague things like PPOP and others.
Maybe they would have realized after seeing heavy demand and simplified the process.

It is good that ICICI is sticking to 3L + net salary criteria or High TRV criteria in some cases. In that way, card will maintain exclusivity for some more time. But question is how long will they continue to provide the benefits without devaluing further.

 

[BVCBVC is verified member.]

It is good that ICICI is sticking to 3L + net salary criteria or High TRV criteria in some cases. In that way, card will maintain exclusivity for some more time. But question is

Yes.

how long will they continue to provide the benefits without devaluing further.

ICICI is known for devaluations and sudden changes. Let's enjoy till the party lasts.