Devaluation tracker · by issuer

ICICI Bank devaluation history — every nerf and buff, dated.

10 sourced changes since 2019: 7 nerfs — devaluations, fee moves and lounge cuts — against 1 genuine improvement. What changed, when, and how badly. Newest first.

10
Events since 2019
7 / 1
Nerfs / buffs
2026
Worst year — 5 nerfs
Last verified

A nerf is a devaluation, a fee move or a lounge cut. Partner and launch events cut both ways — they count in the total and toward neither column.

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2026 6 events

ICICI's September lounge list drops four doors and adds BhogapuramLounge

The prior edition opened Bhubaneswar's landside Bird Lounge, Vadodara's Premium Lounge, Visakhapatnam's Airr Lounge and Bar, and Dehradun's landside Bird Lounge, and filed Ahmedabad T2 international as The Lounge opposite Gate 3 Those four rooms are gone. Bhubaneswar keeps O'Vetra near Gate 8, Dehradun keeps Carnations in the security hold, Vadodara is off the list, and Visakhapatnam's rows are Encalm domestic and international at Bhogapuram. Ahmedabad T2 international is Adani Silver Lounge - International, Gate 08, and it is not asterisked

ICICI re-saved its consolidated domestic lounge list on 10 September 2026 and moved rooms, not quotas. Four doors an Annexure-1 card used to open are off the list: Bhubaneswar's landside Bird Lounge (O'Vetra, airside near Gate 8, stays), Vadodara entirely, Visakhapatnam's Airr Lounge and Bar, and Dehradun's landside Bird Lounge (Carnations, in the security hold, stays). Visakhapatnam's replacement is two Encalm rooms at Bhogapuram, which this map does not carry yet — the airport is not in our coordinate file, so those doors are recorded here and not drawn. Ahmedabad's T2 international row is no longer The Lounge opposite Gate 3. It is Adani Silver Lounge - International, first floor, Gate 08, and the row has no asterisk, so the whole Annexure-1 board gets it at each card's own quarterly quota rather than the three unlimited cards alone. Noida's three Jewar rows are still on the PDF and still unmapped.

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ICICI un-reserves Mumbai's Adani Silver lounge — the whole Annexure-1 board gets inLounge

Row 57 of ICICI's consolidated domestic lounge list read '* Adani Silver Lounge / Terminal 2 / International', and the asterisk footnote confined it to 'Diamant, Emerald Private Metal and Times Black Credit Card customers' — three cards, two of which we carry The August-2026 edition renames the row 'Adani Silver International Lounge', keeps it at row 57 and drops the asterisk. The footnote itself is unchanged, so an unasterisked row means what it means everywhere else on this list: every card on Annexure 1 gets it, at that card's own quarterly quota

This is a small door opening for a large number of cards. ICICI publishes one consolidated domestic lounge list for its whole book, and the access model on it is a single character: rows carrying an asterisk are reserved for the three unlimited-tier cards, and rows without one go to every card in Annexure 1. Until August, Mumbai T2's Adani Silver was asterisked. It is not any more — so a Coral, a Rubyx, a Sapphiro, a MakeMyTrip or an Adani One now opens a room that used to be Emeralde-Private-and-Times-Black only. Read two limits before you plan around it. First, ICICI files this room in its DOMESTIC list even though the room, the terminal-type column and the address all say International, post-immigration at T2 Level 4 — so a visit here spends one of your domestic quarterly visits rather than being a free international one, and it only helps if you are flying out internationally anyway. Second, Adani Silver is the overflow tier at CSMIA and it shows: 12:00–23:59 only, cold buffet, standard pours. Adani East is the better room if your card opens it. Worth saying plainly that this is a one-edition change on a row that was also renamed in the same pass, which is exactly the shape an editing slip takes; the desk verified the asterisk's absence against a raw extraction of the PDF rather than a formatted one, and will revert the grant if it comes back. The same edition grew the list from 87 rooms to 89 and added five ICICI business and corporate cards to Annexure 1 at 2 visits a quarter — which changes nothing here, because those cards already advertised that quota on their own product pages. Every other asterisked row survives: both 080 VIP rooms at Bengaluru T2, Hyderabad's Privé and Delhi's Privé stay reserved.

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Times Black publishes its eligibility bar and swaps BLADE for Thumby AviationBuff

Invite-led with no published income criteria; ₹5L mobility wallet named BLADE helicopter, Avis and Indian Travel House Product page publishes 21+, ₹2L/month salaried or ₹24L/yr self-employed with an open Apply flow; ₹5L wallet now offers WeWork day passes or transfers via Thumby Aviation, Avis or Indian Travel House; ₹20L stay adds Lohono alongside Ayatana

ICICI's mid-July revision of the Times Black page quietly ends the mystique: the bank now prints the entry bar — over 21, ₹2,00,000 a month salaried or ₹24,00,000 a year self-employed — next to an open Apply button, where it previously published nothing and let the invite branding do the gatekeeping. The ₹50,000 milestone ladder keeps its face values but reshuffles the experiences: the ₹5L mobility wallet drops BLADE and now runs helicopter transfers through Thumby Aviation (with WeWork day passes as the new alternative), and the ₹20L resort night can now be a Lohono villa instead of Ayatana. Nothing here changes the card's maths — it changes who can get it.

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ICICI's lounge-gate exemption expires for Adani One and MakeMyTripLounge

Adani One ICICI Signature, Adani One ICICI Platinum and the MakeMyTrip ICICI Bank Credit Card were exempt from the ₹75,000-per-quarter spend gate on complimentary domestic lounge access — "valid till Jun 30, 2026" All three now "require spends of ₹ 75,000 to be made in a calendar quarter to unlock airport lounge access in the next calendar quarter, with effect from Jul 01, 2026"

ICICI's MITC, headed "Last updated on Aug 2nd, 2026", carries the expiry date inside the exemption list itself and then restates it as a dated instruction below. No lounge visit is removed — MakeMyTrip keeps 2 domestic a quarter plus 1 international, Adani One Signature 4 a quarter plus 2 Priority Pass, Adani One Platinum 2 a quarter — but all of them now cost ₹3 lakh of routed annual spend on top of the fee, which reprices the ₹750 Adani One Platinum hardest. The ₹75,000 excludes rent, government, education, EMI, fees, interest, DCC and reversals, and the qualifying quarter is offset (26th to 25th), so the spend that unlocks Oct-Dec was made between 26 June and 25 September. Worth flagging for the desk: ICICI's own "Upcoming changes to Credit Card features and charges" page, re-read 28 August 2026, still lists MakeMyTrip among the exempt cards with no expiry, and never names the Adani One pair at all. Two live ICICI documents, two different answers; the MITC is the regulated one and the more recently dated, so it is the one we follow.

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ICICI gates its BookMyShow movie perk behind quarterly spendDevaluation

Complimentary BookMyShow ticket offer, no spend condition Needs ₹25,000 spend in the preceding quarter

ICICI didn't kill the BookMyShow benefit outright — Instant Platinum loses it entirely from 1 February 2026, while other cards keep it only if you've spent ₹25,000 in the prior quarter. It's a small perk on paper, but it's part of the same February devaluation wave that also killed several reward categories, and it signals ICICI is done handing out 'free' lifestyle perks with no spend attached.

FY2026 archive → #
ICICI caps transport rewards and excludes rent, tax, fuel spendsDevaluation

Emeralde/Sapphiro earned on unlimited transport; 1.99% DCC Transport rewards capped at ₹20,000/month; DCC to 2%

From 15 January 2026, Emeralde, Emeralde Private, Sapphiro and Rubyx only earn points on the first ₹20,000 of monthly transport spend, and government services, fuel, rent, tax and third-party wallet loads earn nothing at all — categories that used to be reliable point-farming ground. Layer on a DCC fee hike to 2% and a new ₹3,500 add-on card fee, and this is one of the broadest single-day devaluations any Indian issuer has run across its premium metal tier.

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2024 2 events

ICICI's November purge: rewards, lounges and 1% feesDevaluation

Broad earn; easy spend-based lounge access Rent/gov/education excluded; grocery capped; 1% ed/utility fee; spend-gated lounges

The single worst day of 2024 for ICICI holders, Emeralde Private included. Rent, government and education spends stop earning and stop counting toward fee waivers, grocery rewards get capped, a 1% fee lands on third-party education/utility, and lounge access is restructured behind prior-spend gates.

FY2025 archive → #
ICICI stops rewards on rent and wallet loadsDevaluation

Rent and e-wallet loads earned points Zero reward points

ICICI's opening move of 2024: from 5 February, rent payments and e-wallet loading earn nothing. A quiet start to what became a brutal year for ICICI reward chasers.

FY2024 archive → #

2022 1 event

ICICI Bank launches invite-only Emeralde Private Metal cardLaunch

No true super-premium ICICI travel card Emeralde Private Metal: 3% back, unlimited lounge/golf

ICICI finally built a card that could sit at the same table as Infinia and Magnus — invite-only, metal, 3% uncapped value-back, unlimited lounge and golf access, plus a Taj Epicure membership thrown in. It marked ICICI's real entry into India's super-premium travel-card fight.

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FY2023 archive → #

2019 1 event

ICICI Bank launches Emeralde, wedging above SapphiroLaunch

Sapphiro topped ICICI's travel-and-rewards credit card lineup Emeralde debuts with ~₹3 lakh in annual benefits at a ₹12,000 fee

ICICI Bank soft-launched the Emeralde credit card on January 18, 2019, slotting it above Sapphiro with a headline claim of roughly ₹3 lakh in annual benefit value against a ₹12,000 annual fee. It gave ICICI a genuine super-premium travel card to compete with HDFC Infinia and Diners Black for the first time, years before the invite-only Emeralde Private Metal would push the lineup even further upmarket.

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FY2019 archive → #