M16S / ICICI Bank / Emirates Skywards ICICI Bank Emeralde Credit Card
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Emirates Skywards ICICI Bank Emeralde Credit Card
The Emirates Skywards ICICI Bank Emeralde Credit Card costs Rs 10,000 a year. It earns 2 Skywards Miles per Rs 100 (domestic and international). The forex markup is 3.5%. Lounge visits in India: Unlimited, primary only. Abroad: Unlimited via Priority Pass, primary only. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 10,000+ GST
- Fee waived at
- —
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- ICICI cards lose air accident cover and INOX, fees rise, Dec 2026
From 15 December 2026, ICICI Bank ends air accident cover on 7 cards, CFAR cover on 4 and the INOX benefit on 9. Card replacement goes to Rs 300 plus GST from 11 December.
- ICICI Bank ties BookMyShow benefit to Rs 25,000 quarterly spend, Apr 2026
From 1 Apr 2026 the BookMyShow benefit on these cards needs Rs 25,000 of spend in the previous spends quarter. Spends from 26 Dec 2025 to 25 Mar 2026 unlock April to June 2026. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank adds fees on wallet loads, gaming and transport, Jan 2026
From 15 Jan 2026 ICICI Bank charges 1% on wallet loads of Rs 5,000 or more, 2% on skill-based gaming and 1% on transportation transactions above Rs 50,000. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- Emirates Skywards ICICI Emeralde cuts earn to 2 miles per Rs 100, Jan 2026
From 15 Jan 2026 the card earns 2 Skywards Miles per Rs 100 instead of 2.5. No miles accrue on insurance, utility, government and education payments. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank raises Dynamic Currency Conversion fee, Jan 2026
From 15 Jan 2026 statements the DCC fee on rupee transactions abroad is 3.50% on most cards, up from 1%. It is 2.00% on Emeralde Private Metal and Emeralde, 1.99% on Amazon Pay and 1.49% on Times Black. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank adds 1% fee on fuel, utility and education payments, Nov 2024
From 15 Nov 2024 ICICI Bank charges 1% on fuel transactions above Rs 10,000, 1% on utility payments above Rs 50,000 and 1% on education payments made through third-party apps. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank stops reward points on rent and wallet loads, Feb 2024
From 5 Feb 2024 rent pay and e-wallet loading transactions earn no reward points on ICICI Bank credit cards. The Amazon Pay ICICI Bank card is exempt. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
- ICICI Bank moves government payments into the utility category, Feb 2024
From 5 Feb 2024 government transactions count as utility payment transactions on ICICI Bank credit cards, so they follow the utility earn rules and caps. The Amazon Pay ICICI Bank card is exempt. Source: ICICI Bank, icici.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 10,000 |
|---|---|
| Annual fee | Rs 10,000 |
| Fee notes | No spend-based fee waiver. Add-on Rs 199. |
Rewards
| Welcome benefitunverified | 10,000 Skywards Miles and Skywards Silver tier (Card Insider: 10,000 miles again on renewal) |
|---|---|
| Reward currency | Emirates Skywards Miles |
| Base earn | 2 Skywards Miles per Rs 100 (domestic and international) |
| Point value | Skywards Miles; value depends on redemption |
| Spends that earn nothing | No miles on insurance, utility, government, education (from 15 Jan 2026); none on fuel, rent, cash, EMI, wallet loads |
| Points expiry | Miles valid 3 years from the earning transaction |
| Milestone benefits | Skywards Gold tier on Rs 15 lakh spend in the anniversary year including Rs 50,000 on Emirates.com, effective after renewal fee is paid |
| Reward notes | Rate cut from 2.5 to 2 miles per Rs 100 on 15 Jan 2026. Miles credit to Skywards within 48 hours of statement. Return not computed: mile value varies. |
Transfers
| Partners | Emirates Skywards |
|---|---|
| Ratio | Earns Skywards Miles directly |
Travel and perks
| Domestic lounge | Unlimited, primary only |
|---|---|
| International lounge | Unlimited via Priority Pass, primary only |
| Lounge conditions | No spend condition |
| Forex markupunverified | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns up to Rs 4,000 |
| Other freebies | Up to 10% off Emirates fares with promo code; BookMyShow up to Rs 750 off second ticket, 4 times a month (BookMyShow offer needs Rs 25,000 spend in the preceding quarter (from 1 Apr 2026); each add-on card must qualify separately) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil <Rs 100; Rs 100 (Rs 100-500); Rs 500 (Rs 501-1,000); Rs 600 (Rs 1,001-5,000); Rs 750 (Rs 5,001-10,000); Rs 900 (Rs 10,001-25,000); Rs 1,100 (Rs 25,001-50,000); Rs 1,300 (>Rs 50,000) |
| Cash advance fee | 2.5% min Rs 500 |
| Eligibility | Age 21+; salaried Rs 2,50,000 a month; self-employed Rs 30,00,000 a year (page image text says Rs 45,00,000) |
| Fine-print notes | Forex markup not on product page; 3.5% is the MITC standard rate and matches Card Insider. Bank-wide transaction fees (MITC): 1% on rent; 1% on fuel txns above Rs 10,000; 1% on utility txns above Rs 50,000; 1% on transportation above Rs 50,000; 1% on education paid via third-party apps; 1% on wallet loads of Rs 5,000+; 2% on skill-based gaming. DCC fee on INR transactions abroad equals the card's forex markup from 15 Jan 2026. Fee-waiver spend excludes rent, government and education payments; a fee reversal forfeits annual gifts. |
Questions
- What is the annual fee of the Emirates Skywards ICICI Bank Emeralde Credit Card?
- Rs 10,000 a year, before GST.
- Does the Emirates Skywards ICICI Bank Emeralde Credit Card give airport lounge access?
- Yes. In India: Unlimited, primary only. Outside India: Unlimited via Priority Pass, primary only. Conditions: No spend condition
- What is the forex markup on the Emirates Skywards ICICI Bank Emeralde Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Emirates Skywards ICICI Bank Emeralde Credit Card?
- No miles on insurance, utility, government, education (from 15 Jan 2026); none on fuel, rent, cash, EMI, wallet loads