INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official icicibank.com (ICICI Bank Ltd.) Most Important Terms and Conditions (MITC).

🏛️ICICI Bank Ltd.Network: Visa InfiniteTravel & Aviation CardsLast Verified: 2026-09-28

ICICI Emeralde Private Metal Credit Card

आईसीआईसीआई एमराल्ड प्राइवेट मेटल क्रेडिट कार्ड

Ultra-HNW metal card with Taj Epicure privileges, unlimited global lounge visits with guest access, and low 1.99% forex markup.

Annual Fee₹12,500 + GST (Renewal: ₹12,500 + GST)

Reward Rate6 ICICI Reward Points per ₹200 on all retail transactions (effective 1.50% base return). 10X Reward Points on hotel and airline bookings via ICICI travel portal.

Airport LoungeUnlimited complimentary domestic airport lounge access for primary and add-on cardholders. Unlimited complimentary international airport lounge access worldwide via Priority Pass / DreamFolks with unlimited guest visits.

Forex MarkupLow 1.99% + GST markup on foreign currency transactions.

What Is This Card

ICICI Emeralde Private Metal is ICICI Bank's heavyweight metal flagship created to compete directly with HDFC Infinia and Axis Magnus. It offers an all-metal card body, Taj Epicure membership, unlimited global lounge visits with guest privileges, and a low 1.99% forex markup.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹12,500 + GST (Renewal: ₹12,500 + GST)

Fee Waiver: Spend ₹10,00,000 or more in each preceding anniversary year to get the annual renewal fee of ₹12,500 waived.

🎁Welcome Benefit

12,500 ICICI Reward Points credited upon fee realization, plus complimentary Taj Epicure membership and EazyDiner Prime annual membership.

⚡Reward Points Structure

6 ICICI Reward Points per ₹200 on all retail transactions (effective 1.50% base return). 10X Reward Points on hotel and airline bookings via ICICI travel portal.

Redemption Value: 1 Reward Point = up to ₹0.50 on travel redemptions. Points can also be redeemed for luxury brand merchandise and statement credit.

🛫Airport & Railway Lounge Access

Unlimited complimentary domestic airport lounge access for primary and add-on cardholders. Unlimited complimentary international airport lounge access worldwide via Priority Pass / DreamFolks with unlimited guest visits.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Accidental air death cover of ₹3 Crores. Emergency overseas medical treatment cover up to ₹50 Lakhs. Lost card liability cover up to ₹10 Lakhs.

Fuel Surcharge: 1% fuel surcharge waiver across all fuel stations in India on transaction amounts between ₹400 and ₹4,000.

🎯Milestone Spends & Grace Period

Milestones: Taj stay vouchers and complimentary domestic flight tickets on achieving milestone spends of ₹5 Lakhs and ₹10 Lakhs annually.

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Strictly invite-only or requiring high net-worth private banking relationship. Base reward rate of 1.50% is lower than Infinia's 3.33% base rate. Annual spend waiver requires ₹10 Lakhs spend.

Forex Markup FeeLow 1.99% + GST markup on foreign currency transactions.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 1.99% monthly finance charges.

Finance Charges (Interest)1.99% per month (23.88% per annum) on revolving credit balances.

Late Payment SlabsNil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).

Reward Points ExpiryReward points expire 3 years (36 months) from the date of accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, wallet top-ups, rent payments, educational institutional fees, and government tax payments.

Eligibility Criteria

By invitation only. High-net-worth individuals with annual income exceeding ₹36,00,000 or private banking relationship value exceeding ₹1 Crore.

Age Requirement21 to 70 Years

Minimum Income₹3,00,000/month (Salaried) / ₹36,00,000/year ITR (Invite-only)

CIBIL Score NoteA pristine credit score of 780+ is required.

SBI RelationshipICICI Private Banking relationship required.

How to Apply (Official Procedure)

Online Digital Application Flow

1Contact designated ICICI Private Banking Relationship Manager.

2Submit formal request for Emeralde Private Metal issuance.

3Verification of private banking relationship and ITR documents.

4Underwriting committee approves credit limit (minimum ₹10 Lakhs).

5Complete online Video KYC session with bank official.

6Handcrafted metal card delivered in specialized wooden presentation box within 5 business days.

Branch Application for Offline Applicants

Apply exclusively through ICICI Private Banking offices or Wealth Management relationship desks.

Visit Official Card Page (icicibank.com)Download Official MITC (PDF)

Documents Required

1. PAN Card (statutory requirement)

2. Proof of Identity & Residence: Aadhaar Card or Passport

3. Proof of Income: Last 2 years' audited ITR with computation (ITR > ₹36 Lakhs)

4. Passport-size photograph.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on ICICI Emeralde Private Metal Credit Card?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).. In addition, revolving finance charges at 1.99% per month (23.88% per annum) on revolving credit balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on ICICI Emeralde Private Metal Credit Card into EMI?

Yes, ICICI Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on ICICI Emeralde Private Metal Credit Card?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into ICICI Bank Ltd.'s official mobile banking application or web portal. 1 Reward Point = up to ₹0.50 on travel redemptions. Points can also be redeemed for luxury brand merchandise and statement credit. Please note: Reward points expire 3 years (36 months) from the date of accrual.

What is the interest-free grace period on ICICI Emeralde Private Metal Credit Card and how does it work?

The interest-free period on ICICI Emeralde Private Metal Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (1.99% per month (23.88% per annum) on revolving credit balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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