I could not get a Credit Card due to my age! Am I too old for one?

I have a savings bank account with ICICI Bank Ltd,Nungambakkam Branch,Chennai 600034 and I am classified as a “Privileged Customer”. Though I keep only nominal balance I have a d’mat account also with ICICI Securities with reasonable good holdings.
As a retired executive of a nationalized bank I am eligible for pension. I also have a VISA gold card issued by Indian Overseas bank.
ICICI Bank had issued a credit card to me when I opened the account. As I was having a VISA gold card I did not renew it on expiry.

clear Too Old for Credit Card?clear Too Old for Credit Card?clear Too Old for Credit Card?Do 80 Year Old’s Not Deserve A Credit Card?

As some good restaurants now offer hefty discount on ICICI Credit Card, I approached ICICI Bank Ltd, Nungambakkam for a credit card.They refused because I am 82.
Icici Credit Card Too Old for Credit Card?
As credibility and creditworthiness are normal criteria for issuing credit cards,and I will be able to prove that I will qualify both I wrote a letter to Ms.Chanda Kochhar to consider to issue a credit card.
However ICICI BANK has asked me to place FIXED DEPOSIT with them as per their rules to be eligible for a credit card.{Please note that I have agreed to pledge shares in my name to the value of the credit limit of Rs.25000/=requested by me}
The correspondence exchanged between us are below.
I feel the Bank should use their discretion as rules are man made.

Letter from Me to the Bank

Madam,

I have a savings bank account with ICICI BANK ltd,Nungambakkam,Chennai for more than 10 years. Account number is 000 901033416.

ICICI bank had issued a credit card to me and number is 5046 4200 0935 8099, valid up to 01/2003.

As I have a VISA card issued by Indian Overseas Bank, Cathedral Branch, Chennai  I did not renew the card issued by ICICI Bank Ltd.

As I find some restaurants give hefty discounts on your card now, I approached ICICI BANK Ltd, Nungambakkam for a credit card with minimum limit say Rs.25000/-. I suggested they can mark lien on my shares held with ICICI SECURITIES for equal amount if necessary.My account Number is IN 300183-12202989 However they refused as I am a retired bank employee and I am not not eligible for a card as per your guidelines.

I operate my SB account satisfactorily and also meet my commitments to IOB promptly. You may verify if necessary.My card number issued by IOB Cathedral Branch, Chennai is 4221 9801 0003 2398 {Gold card}.

In as much as guidelines are made by bank and the executives will have discretion to waive rules  on merits,I strongly feel your officer/s  should have  issued a credit card to me with minimum credit limit.

I thank you.

Balagangadharan

Letter from the Bank

Dear Sir,

We refer to your e-mail dated April 25, 2015 addressed to Ms. Chanda Kochhar.

At the outset, we sincerely regret the inconvenience caused to you.

We regret to inform you that we have age limit for issuing credit card. You may apply for ICICI Bank Instant Platinum Credit Card which is issued against the security of a fixed deposit from our branch. Details on the terms and conditions and product features are available on the below mentioned links:

http://www.icicibank.com/Personal-Banking/cards/Consumer-Cards/Credit-Card/Platinum-credit-card-eligibility-criteria.page

Thank you for writing to us.

Sincerely,

Rajesh Tiwari
Senior Management Desk

Icici Credit Card 2 Too Old for Credit Card?

Another Letter from the Bank

Dear Sir,

We refer to your e-mail dated April 25, 2015 addressed to Ms. Chanda Kochhar.

We acknowledge the receipt of your e-mail pertaining to the new credit card.We have registered the concern shared by you under service reference number SR366050295. I am the designated manager looking into your concern and I request you to allow me time till 21:00 hrs. of April 29, 2015 to update you on the same.

We appreciate your patience and request your cooperation in the said matter.

In the interim, you may write to me for any further assistance.

Sincerely,

Rajesh Tiwari
Senior Management Desk

By Balagangadharan VO

 

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