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How to redeem Emeralde Private Metal reward points

Emeralde Private Metal earns ICICI Bank Reward Points. Here is every way to use them, ranked by the rupee value you get per point. Pick the top option unless you are transferring to an airline for premium travel.

Best value

Transfer to Air India Maharaja Club (1:1): 1,000 points = ₹1,500

Redeeming the same points as statement credit returns only ₹400 per 1,000, about 3.75× less.

  1. 1Verify award availability on Air India Maharaja Club BEFORE transferring — transfers are irreversible.
  2. 2Transfer 10,000 ICICI Bank Reward Points → ≈10,000 Air India Maharaja Club (effective 1:1).
  3. 3Book the award once the points land.

Value assumes a good award redemption — it varies by route and availability.

Every verified redemption option, compared

Transfer to Air India Maharaja Club (1:1)

hard
₹1,500 / 1,000 pts

Verify award availability on Air India Maharaja Club BEFORE transferring — transfers are irreversible. Transfer 10,000 ICICI Bank Reward Points → ≈10,000 Air India Maharaja Club (effective 1:1). Book the award once the points land.

Value assumes a good award redemption — it varies by route and availability.

Bank travel portal

easy
₹1,000 / 1,000 pts

Login to iShop via iMobile / internet banking Book flight (pay up to 95% with points) or hotel (up to 90%) Pay the balance with the card

Brand voucher

instant
₹600 / 1,000 pts

Login to iShop Pick a brand voucher (Amazon/Flipkart etc.) Redeem points for up to 50% of cart value at 1 RP = Rs 0.60

Up to 50% of any booking can be paid with points (rest on card).

Statement credit

easy
₹400 / 1,000 pts

Login to ICICI Rewards portal (rewards.icicibank.com) or call customer care Redeem 'cash against points' at 1 RP = Rs 0.40 as statement credit

Frequently asked

What is the best way to redeem Emeralde Private Metal reward points?

Transfer to Air India Maharaja Club (1:1) at about ₹1.5 per point (₹1,500 per 1,000 points), which is the highest-value option for this card.

What is 1,000 Emeralde Private Metal points worth?

Between ₹400 and ₹1,500 depending on how you redeem. The redemption channel you choose matters more than the number of points.