ICICI Wealth Management Account Holders please share your experience.

[TheTrickySid]

What's the MAB you guys maintaining in your Wealth management account.

And what's would be the ideal mab to prevent it from getting downgraded.
Or any tips to avoid getting the account downgraded without maintaining mab.

 

[TheTrickySid]

Thread 'ICICI WEALTH downgraded to 25K MAB account' https://www.technofino.in/community/threads/icici-wealth-downgraded-to-25k-mab-account.20936/

Thread kyu delete Kiya Bhai 🙄

 

[kochiro]

Just noticed one thing though....

People are eager to close their WM account with Icici cause it's no longer zero balance ( though they can opt for Privilege Banking if they are maintaining 1 L above and technically it would be zero balance again); what I am trying to saying is being on this forum for over a year and half now, I have noticed that people take Icici for granted; in the sense; ki agar zero balance nhi de rhe toh account close karunga.

But on the other hand when it comes to Hdfc; nobody even asks of having a zero balance. Sab chup chap jaake balance wala acc kholte hai (and then register for CLassic/ preferred or whatsoever)

Is it cause of the Marketing tactics of these Banks; or is it that since Icici was always lenient in downgrading people; and so people are now furious that they have been downgraded; but if Hdfc would have done the same thing; they probably wouldn't have cared. Ulta Branch me aake Classic Banking ke liye negotitate karte aur acc maintain karte

in HDFC my entire family even cousins have 0 MAB accounts with MAB of 1 lac in all accounts combined with free platinum and millennia dc. We also have ltf CC with few having tata neu ltf cc too. DC is used to get rewards from 400 to 750 rs by doing CC payments. Received multiple spend-based vouchers from them without even realizing it. DC provides lounges on 5k spends. 400 rs every month reward was for free if you have paytm bank. RM is exceptional, never call for offers and she recently went outside India for training. Icici is nowhere close to it except their app.

 

[TheTrickySid]

Thread 'ICICI WEALTH downgraded to 25K MAB account' https://www.technofino.in/community/threads/icici-wealth-downgraded-to-25k-mab-account.20936/

Muze kya me toh rimch hu 🥴

Btw I was always maintaining relationship of around 6 7L with them so no need to worry as of now.

 

[Akashn]

Just checked, and yes its mentioned as MAB required is 25k, time to end 11-12 years old relationship

Your downgrade mail said 25k or 10k?

 

[sxchzy]

ICICI - No rewarding DC in 10k, 25k, etc MAB category. Gives pre approved offer to 1 in 1L customer.

HDFC - Rewards DC (Millennia, Platinum) starts with 2.5k* mab, depending upon location. Generally 10k MAB offers min. ₹4800 + 12k smartbuy cashback in 1 year. HDFC also offers pre approved CC to everyone out there (even if it's freedom or Moneyback but they do offer).

So HDFC always wins.

their wealth dcs have without spends based lounge access
and reward system is there but it is pathetic

 

[D7162]

Your downgrade mail said 25k or 10k?

2 5 k

 

[CardSeeker]

My Wealth Account Remains The Same

Maintaining 25K Bal + 3Lakhs FD

 

[sxchzy]

My Wealth Account Remains The Same

Maintaining 25K Bal + 3Lakhs FD

+ 1
2000 rs bal in two acc combined
+ wealth select dc

 

[0xfallup]

@D7162 @Bhagat Singh @Moulidharan @0xfallup

Update

Still black , as always black is beautiful 🙂

 

[D₹V]

Thread kyu delete Kiya Bhai 🙄

Merge karwaya hai bhay

 

[kochiro]

Just checked, and yes its mentioned as MAB required is 25k, time to end 11-12 years old relationship

Will they let us keep Dc world ?

 

[0xfallup]

Woh 4L above cc limit privilege banking Ka Kya scene hai , kisiko pata hai acche se ?

 

[D₹V]

Muze kya me toh rimch hu 🥴

Btw I was always maintaining relationship of around 6 7L with them so no need to worry as of now.

Wo to ho hi aap 😔🙏🤲

 

[D₹V]

their wealth dcs have without spends based lounge access
and reward system is there but it is pathetic

Achha. . .

 

[sauravkumar]

@sauravkumar @2024 @StanRoute66 @AshishR @avishj @anonymuos @TheTrickySid @Patil007 @Batmanbaba
update

Nothing happened!!😑😑
And nothing will happen.

I also have the mail confirmation.

Quick solution for you is to get added in some Family Tree!!😁😁

 

[knight]

Just noticed one thing though....

People are eager to close their WM account with Icici cause it's no longer zero balance ( though they can opt for Privilege Banking if they are maintaining 1 L above and technically it would be zero balance again); what I am trying to saying is being on this forum for over a year and half now, I have noticed that people take Icici for granted; in the sense; ki agar zero balance nhi de rhe toh account close karunga.

But on the other hand when it comes to Hdfc; nobody even asks of having a zero balance. Sab chup chap jaake balance wala acc kholte hai (and then register for CLassic/ preferred or whatsoever)

Is it cause of the Marketing tactics of these Banks; or is it that since Icici was always lenient in downgrading people; and so people are now furious that they have been downgraded; but if Hdfc would have done the same thing; they probably wouldn't have cared. Ulta Branch me aake Classic Banking ke liye negotitate karte aur acc maintain karte

The only reason for most people to open wealth was CIBIL, 0 MAB, better DC for lounge. (and ofcourse the leather pouch).
And most accounts are thus dormant.

almost all 4 features above have been fulfilled or cancelled.

Coming to HDFC, its DC cashback is one of the major reasons that people prefer that account. Apart from better pre approved offers.
Also, HDFC easily offers 0 MAB for Classic and usually doesn't downgrade.

If HDFC was distributing Imperia without MAB fulfillment and then suddenly downgraded people, you might have seen a similar reaction towards HDFC. but many people would still stay for DC Cashback. ICICI doesn't have any such edge.

 

[knight]

Off Topic:
Is anyone able to track ICICI CC Application?

I had applied for Sapphiro but their tracking site seems to be down since last week. I've also not received any email updates.

 

[anonymuos]

I was maintaining 1 lac in it but today when I checked the app it's not black theme anymore. In account details it says MAB is 25K. Is it time to close this account now ?

Was yours an account upgraded later to Wealth management or opened directly as a Wealth account from the start?

 

[TheTrickySid]

Merge karwaya hai bhay

Link dedo 🙄

 

[AritraSaha]

ICICI - No rewarding DC in 10k, 25k, etc MAB category. Gives pre approved offer to 1 in 1L customer.

HDFC - Rewards DC (Millennia, Platinum) starts with 2.5k* mab, depending upon location. Generally 10k MAB offers min. ₹4800 + 12k smartbuy cashback in 1 year. HDFC also offers pre approved CC to everyone out there (even if it's freedom or Moneyback but they do offer).

So HDFC always wins.

For icici there best value debit card is rupay platinum debit card.. just for the Friday offer..
At 177rs