The ICICI Bank Coral Contactless Card is a popular choice in the mid-tier credit card segment, offering a blend of rewards, cashback, and contactless payment convenience. Tailored for everyday use, this card provides numerous benefits such as dining discounts, fuel surcharge waivers, and complimentary movie tickets. In this detailed review, we explore its key features and benefits to help you determine if it meets your financial needs.
Table of Contents
Overview
| Feature | Details |
|---|---|
| Card Type | Contactless Credit Card |
| Reward Rate | 2 PAYBACK points for every ₹100 spent on retail |
| Annual Fee | ₹500 + GST (waived off on spending ₹1.5 lakhs annually) |
| Unique Selling Points | Contactless payments, dining discounts, complimentary movie tickets |
Joining Fees
| Fee Type | Details |
|---|---|
| Joining Fee | ₹500 + GST |
| Renewal Fee | ₹500 + GST |
| Welcome Benefits | NA |
| Renewal Fee Waivers | Waived off on spending ₹1.5 lakhs annually |
Membership Benefits
The ICICI Bank Coral Contactless Card provides a variety of membership benefits that cater to diverse needs:
- Dining Discounts: Enjoy up to 15% savings at over 2,500 restaurants.
- Fuel Surcharge Waiver: Get a 1% waiver on fuel surcharge at HPCL petrol pumps.
- Complimentary Movie Tickets: Avail 2 complimentary movie tickets every month under the Buy 1 Get 1 offer at BookMyShow.
- Culinary Treats Program: Special offers on dining, wellness, travel, and hotels.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Retail Spending | 2 PAYBACK points for every ₹100 spent |
| Utility and Insurance Spends | 1 PAYBACK point for every ₹100 spent |
| Reward Points Cap | No cap on reward points |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| ₹1.5 Lakhs Spent Annually | Annual fee waiver |
| NA | NA |
Redemption
Cardholders can redeem their PAYBACK points through various channels:
- Merchandise: Choose from a wide range of products at PAYBACK’s online store.
- Gift Vouchers: Redeem points for gift vouchers from leading brands.
- Fuel: Use points to pay for fuel at select petrol pumps.
- Cashback: Convert points into cashback credited to your card account.
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | 1 complimentary visit per quarter |
| International Lounges | NA |
| Add-on Cardholder Benefits | No access for add-on cardholders |
Airport Transfers
The ICICI Bank Coral Contactless Card does not offer complimentary airport transfer services. However, cardholders can benefit from other travel-related discounts and offers.
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% of the transaction amount |
| Reward Rate for International Spends | 2 PAYBACK points for every ₹100 spent on retail |
Eligibility
To apply for the ICICI Bank Coral Contactless Card, applicants must meet the following criteria:
- Age: Minimum 21 years old
- Income: Minimum annual income as required by the bank (varies by region)
- Credit Score: Good credit history
How to Apply?
Applying for the ICICI Bank Coral Contactless Card is a simple process:
- Online Application:
- Visit the ICICI Bank website.
- Navigate to the “Credit Cards” section and select the “Coral Contactless Card”.
- Click on the “Apply Now” button and fill out the required personal and financial information.
- Submit the necessary documents online, as per the instructions.
- Offline Application:
- Visit the nearest ICICI Bank branch.
- Request an application form for the Coral Contactless Card.
- Fill out the form with accurate details and attach the required documents.
- Submit the form at the branch and await approval.
Card Review
The ICICI Bank Coral Contactless Card is a versatile option for everyday use, offering a good mix of rewards and benefits. Its features, such as dining discounts, complimentary movie tickets, and fuel surcharge waivers, make it an attractive choice for many users. However, the absence of travel-related perks like airport transfers and international lounge access might be a consideration for frequent travelers. Overall, it’s a well-rounded card that caters to the needs of a wide range of customers.
Rating: 4.1/5
For those interested in applying for the card, you can follow these simple steps and start enjoying the benefits offered by ICICI Bank. Visit the official ICICI Bank website to get started on your application.
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Credit Cards for Rewards in India
- How to Maximize Credit Card Rewards
- ICICI Bank Credit Cards
- Top 10 Best Credit Cards in India for 2024
Additional Resources
For more detailed information about ICICI Bank credit cards and other financial products, you can visit the official ICICI Bank website.
