ICICI Bank Emeralde Private Metal Credit Card
6 points per ₹200 eligible retail spend, valued at ₹0.40 for statement credit. About 1.2% earned equivalent, conditional on meeting live redemption requirements. Not 3% cash.
Try your spend →How this estimate works
This is earned statement-credit equivalent, not guaranteed cash redemption. The current live-linked card terms, updated 21 May 2026, give 6 reward points for every ₹200 of eligible retail spend. Statement credit is ₹0.40 per point, so ordinary earn is approximately 1.2%, not the advertised up-to-3% voucher value. One eligible domestic purchase at the monthly input is assumed; only full ₹200 blocks are counted conservatively. Eligible grocery earns the same rate but is capped at 1,000 points per statement cycle, shared with other grocery/department-store spend. A single annual cash redemption is assumed, limited to 50,000 reward points (₹20,000 statement equivalent) in one statement cycle; earned value above that is not priced here even though further-cycle redemptions may be possible. The public issuer FAQ does not give a numeric statement-credit minimum, so the shown earned equivalent is conditional on meeting the live account redemption requirement. Small balances may not be redeemable. Contact issuer customer care for statement redemption. Current MITC lists nil reward handling fees for this specific card; generic ₹99 guidance is not applied. Points expire 36 months from issuance. Government services, tax, rent, property management, wallet loads and fuel earn nothing; points on EMI-converted transactions are reversed. Utilities, education, insurance and ambiguous special merchant/payment routes are not scored. In particular, insurance is 5,000 points per cycle in the current product/prose but 1,000 in its MCC table; no insurance value is assumed. Grocery, utility and education are each capped at 1,000 points/cycle; actual MCC and cumulative usage control. Standard joining and annual fee are ₹12,499 plus GST; the annual fee is deducted without assuming the ₹10 lakh renewal-spend waiver. Fee-paid bonus points, joining memberships, travel vouchers, iShop boosts, lounge/golf/movie benefits and fuel surcharge waivers are omitted. Redemption alternatives are route-specific: ₹1 per point for flight/hotel vouchers and named luxury-brand vouchers, ₹0.60 for other catalogue products, ₹0.40 for statement credit. No airline-mile value or generic ₹1 cash value is claimed. Card is invitation-only.
Current issuer sources
Live product fees and caps · 21 May 2026 card terms and exact redemption values · Live card-specific fees · Minimum redemption depends on selected route
Terms checked 30 September 2026. The older linked membership guide is not used for current tax eligibility, insurance caps or generic ₹1 valuation.