ICICI Emeralde Private Metal Credit Card

Key Features & Benefits

The ICICI Emeralde Private Metal Credit Card is designed for affluent individuals who value exceptional rewards and exclusive privileges. With a flat 3% value-back across all spending categories, you earn 6 reward points for every ₹200 spent, ensuring consistent returns whether you’re shopping for groceries, paying utility bills, or booking travel. The card offers milestone benefits including two EaseMyTrip vouchers worth ₹6,000 when you spend ₹8 lakh annually.

Beyond rewards, cardholders enjoy complimentary Taj Epicure Membership that includes a free night stay valued at approximately ₹20,000, along with dining privileges at premium Taj properties. The card provides unlimited domestic and international airport lounge access for both primary and add-on cardholders, ensuring comfortable travel experiences worldwide. Golf enthusiasts benefit from unlimited complimentary rounds and lessons every month at partner courses.

Entertainment perks include BookMyShow Buy One Get One offers worth up to ₹750, available twice monthly, while EazyDiner Prime Membership adds value through exclusive dining discounts. With comprehensive travel insurance coverage exceeding ₹1 crore and premium metal construction, this invite-only card positions itself as the pinnacle of luxury credit card offerings in India.

All You Need to Know About: ICICI Emeralde Private Metal Credit Card

The ICICI Emeralde Private Metal Credit Card represents the pinnacle of ICICI Bank’s credit card portfolio, designed exclusively for high-net-worth individuals seeking premium rewards and lifestyle privileges. This invite-only card is accessible only through ICICI Wealth Management or relationship managers, ensuring it reaches the bank’s most valued clients. The card charges a joining fee and annual fee of ₹12,499 plus GST each, but the annual fee is waived on spending ₹10 lakh or more during the membership year, making it effectively free for high spenders. Built with premium metal construction, the card reflects its luxury positioning.

The reward structure offers a straightforward flat 3% value-back across all spending categories, translating to 6 reward points for every ₹200 spent where each point equals ₹1. This applies to household expenses, lifestyle purchases, travel bookings, and more. However, certain categories have caps: groceries, utilities, and education earn maximum 1,000 points per statement cycle each, while insurance payments cap at 5,000 points monthly. Beyond these limits, spending may still earn rewards but cardholders should verify with the bank. Milestone benefits include two EaseMyTrip vouchers worth ₹6,000 combined when annual spending reaches ₹8 lakh.

The card’s lifestyle benefits set it apart from competitors. Cardholders receive complimentary Taj Epicure Membership valued at approximately ₹20,000 annually, which includes a free night stay at Taj properties plus dining privileges and discounts. This membership alone can offset the annual fee for those who frequent Taj hotels. EazyDiner Prime Membership adds value through exclusive restaurant discounts and offers across partner establishments. Entertainment benefits include BookMyShow Buy One Get One offers worth up to ₹750, available twice per month for movie enthusiasts.

Travel benefits are comprehensive with unlimited domestic and international airport lounge access for both primary and add-on cardholders throughout the year with no spending requirements or quarterly restrictions. This contrasts with many premium cards that limit lounge visits or require minimum spending. The card provides travel insurance coverage exceeding ₹1 crore, offering peace of mind during trips. Golf enthusiasts particularly benefit from unlimited complimentary golf rounds and lessons every month at partner courses across India.

Financial terms include interest charges of 3.75% per month on outstanding balances, approximately 45% per annum, which is standard for premium cards. Foreign currency transactions attract a 2% markup plus GST, which is slightly higher than some competitor cards but acceptable given the overall benefit package. The card typically comes with credit limits of ₹10 lakh or higher depending on the applicant’s profile. There are no publicly disclosed minimum income requirements as eligibility is determined by the bank based on your overall banking relationship, credit history, and wealth profile. Processing time from application to delivery is approximately one week for approved applications. The card has no major hidden fees beyond standard banking charges for late payments and other typical credit card services.

Pros & Cons

How to Apply

The ICICI Emeralde Private Metal Credit Card is available exclusively on an invite-only basis. High-net-worth individuals can express interest through their ICICI Wealth Management relationship manager or by contacting ICICI Bank’s premium banking division. The bank evaluates eligibility based on your banking relationship, credit profile, and income levels, typically offering credit limits of ₹10 lakh or higher. Once invited, you can complete the application through your relationship manager who will guide you through the documentation process. The approval and card delivery typically takes around one week. Given its exclusive nature, this card is primarily extended to existing ICICI private banking clients with substantial banking relationships.

Detailed Fee Structure

The ICICI Emeralde Private Metal Credit Card charges a joining fee of ₹12,499 plus applicable GST, totaling approximately ₹14,749. The annual renewal fee follows the same structure at ₹12,499 plus GST. However, the annual fee is waived if you spend ₹10 lakh or more during the card membership year, making it effectively free for high spenders. Finance charges apply at 3.75% per month (approximately 45% per annum) on outstanding balances. Foreign currency transactions attract a 2% markup plus GST on the converted amount.

The card follows standard ICICI Bank policies for other charges – late payment fees apply as per the bank’s schedule, though no specific cash advance fees are highlighted. There are reward point caps: 1,000 points per statement cycle each on grocery, utilities, and education spending, and 5,000 points monthly on insurance payments. Beyond these caps, spending in these categories still earns points but at potentially different rates. The premium fee structure reflects the card’s positioning as a luxury product with substantial benefits that offset costs for qualifying users.

Who Should Get This Card?

The ICICI Emeralde Private Metal Credit Card is tailored for high-net-worth individuals with annual spending exceeding ₹10 lakh who seek premium lifestyle benefits and exceptional rewards. This card suits affluent professionals, business owners, and frequent travelers who value unlimited lounge access, fine dining experiences, and golf privileges. It’s ideal for those who already have a strong banking relationship with ICICI Bank and can leverage the complimentary Taj Epicure membership and EazyDiner Prime benefits regularly. The card works best for individuals who spend significantly across multiple categories and can easily meet the annual fee waiver threshold. If you’re looking for a status symbol combined with substantial value-back rewards and are comfortable with premium pricing, this invite-only card delivers comprehensive luxury benefits that justify its cost for the right user profile.

Alternatives & Competitor Comparison

Feature	ICICI Emeralde Private Metal Credit Card	Axis Magnus Credit Card
Card Image
Card Network	Visa	Visa
USP	The ICICI Emeralde Private Metal Credit Card delivers an exceptional 3% value-back on all spends with unlimited domestic and international lounge access, complimentary Taj Epicure membership worth ₹20,000, unlimited golf privileges, and exclusive lifestyle benefits, making it the ultimate choice for high-net-worth individuals seeking premium rewards and luxury experiences.	The Axis Bank Magnus Credit Card delivers exceptional travel rewards with up to 7% returns on high monthly spends above ₹1.5 Lakhs, unlimited international lounge access with Priority Pass, and premium lifestyle benefits including a ₹12,500 welcome voucher, making it the ultimate choice for affluent travelers and luxury seekers.
Annual Fee	12499 Plus GST	12500 Plus GST
Joining Fee	12499 Plus GST	12500 Plus GST
Welcome Benefits	2 EaseMyTrip vouchers worth ₹6,000 on achieving ₹8 lakh annual spends; Complimentary Taj Epicure Membership with 1 free night stay valued at ₹20,000	Welcome voucher worth ₹12,500 (Luxe, Yatra, or Postcard Hotels)
Lounge Access	Domestic: Unlimited | International: Unlimited Lounge access for add-on cardholders available	Domestic: Unlimited | International: Unlimited On spends of ₹50,000 or more in the last 3 months
Reward Rate	Earn flat 3% value-back rewards (6 reward points per ₹200 spent, 1 RP = ₹1) across all categories. Capping: 1,000 RP per statement cycle on Grocery, Utilities, and Education; 5,000 RP monthly on Insurance payments.	Earn 12 EDGE reward points per ₹200 spent (up to ₹1.5 Lakhs monthly) equivalent to 2.4% reward rate. Earn 35 EDGE reward points per ₹200 on spends above ₹1.5 Lakhs monthly (7% reward rate), capped at credit limit + ₹1.5 Lakhs. 5X points on Travel EDGE partner bookings.
Interest Rate	3.75% per month (45% per annum)	3% per month (36% per annum)
Best For	Lounge Access	Lounge Access, Travel
Apply Now	Apply Now	Apply Now

Frequently Asked Questions