The ICICI Bank Coral Credit Card, offered by ICICI Bank, is designed to deliver exclusive rewards and offers across dining, entertainment, and travel. Available in three variants—Visa, Mastercard, and AmEx—you have the flexibility to choose the one that suits you best. With this card, you can earn up to 2 reward points for every Rs. 100 spent, which can be redeemed for a wide range of categories and products. Additionally, the Coral Credit Card allows you to accumulate up to 10,000 bonus Reward Points annually through its milestone program.
In addition to its reward structure, the card offers discounts on movie tickets booked through Inox and BookMyShow. To cater to your travel needs, the card provides complimentary access to domestic airport and railway lounges every quarter. The ICICI Bank Coral Credit Card comes with a host of other benefits, making it a well-rounded choice for various lifestyle needs.
Keep reading to discover more about the features and perks of the ICICI Bank Coral Credit Card.
- Joining Fee
- Renewal Fee
- Best Suited For
- Reward Type
- Welcome Benefits
- Movie & Dining
- Rewards Rate
- Reward Redemption
- Travel
- Domestic Lounge Access
- International Lounge Access
- Golf
- Insurance Benefits
- Spend-Based Waiver
- Rewards Redemption Fee
- Foreign Currency Markup
- Interest Rates
- Fuel Surcharge
- Cash Advance Charges
- Pros
- Cons
- Welcome Benefits
- Dining Benefits
- Quarterly Spend Benefit
- Fuel Surcharge Waiver
- Renewal Fee Waiver
- Interest-Free Credit Period
- ICICI Bank Coral Credit Card Reward Point Redemption
- Exclusion on Rewards Points/Cashback
- Who Should Get ICICI Bank Coral Credit Card?
- Eligibility Criteria for ICICI Bank Coral Credit Card
Joining Fee
The joining fee for the ICICI Bank Coral Credit Card is ₹500 plus applicable taxes.
Renewal Fee
The renewal fee is ₹500 plus applicable taxes, which can be waived off on annual spends of ₹1.5 lakh.
Best Suited For
This card is best suited for individuals who seek a balanced mix of cashback, reward points, and lifestyle benefits, including dining and entertainment offers.
Reward Type
The ICICI Bank Coral Credit Card offers reward points that can be redeemed for various benefits, including gifts, vouchers, and travel bookings.
Welcome Benefits
New cardholders receive a welcome benefit of 2,000 reward points upon payment of the joining fee and spending a minimum amount within the first 60 days.
Movie & Dining
Cardholders can enjoy exclusive discounts and BOGO (Buy One Get One) offers on movie tickets and dining bills at partner restaurants.
Rewards Rate
The rewards rate is structured as follows:
- 2 PAYBACK points for every ₹100 spent on retail purchases except fuel
- 1 PAYBACK point for every ₹100 spent on utilities and insurance categories
Reward Redemption
Reward Points can be redeemed for a wide range of options through the PAYBACK rewards portal.
Travel
The card offers travel benefits such as discounts on bookings made through specific travel partners.
Domestic Lounge Access
The card provides two complimentary domestic lounge accesses per quarter at select airports in India.
International Lounge Access
Currently, the ICICI Bank Coral Credit Card does not offer complimentary international lounge access.
Golf
This card does not offer golf-related benefits.
Insurance Benefits
The card offers various insurance benefits, including air accident cover and emergency hospitalization cover.
Spend-Based Waiver
The renewal fee is waived off on spending ₹1.5 lakh or more in the preceding year.
Rewards Redemption Fee
A nominal fee is charged for redeeming reward points, which is ₹99 plus applicable taxes.
Foreign Currency Markup
The foreign currency markup fee for international transactions is 3.5%.
Interest Rates
The interest rate on the ICICI Bank Coral Credit Card is 3.40% per month (40.80% per annum).
Fuel Surcharge
A 1% fuel surcharge waiver is applicable on transactions between ₹400 and ₹4,000.
Cash Advance Charges
Cash advances attract a fee of 2.5% of the transaction amount or ₹300, whichever is higher.
Pros
- Complimentary domestic lounge access
- BOGO offers on movie tickets
- Waiver of renewal fee on meeting spend criteria
- Wide range of redemption options through PAYBACK
Cons
- High-interest rates on outstanding balances
- No international lounge access
- High foreign currency markup fee
ICICI Bank Coral Credit Card Features and Benefits
Welcome Benefits
New cardholders receive 2,000 reward points as a welcome benefit upon payment of the joining fee and spending a specified amount within the first 60 days.
Dining Benefits
Enjoy exclusive discounts and BOGO offers at partner restaurants, making dining out more rewarding.
Quarterly Spend Benefit
Cardholders can earn additional rewards on achieving quarterly spend milestones.
Fuel Surcharge Waiver
Get a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, helping you save on fuel expenses.
Renewal Fee Waiver
The renewal fee of ₹500 is waived if the total annual spends exceed ₹1.5 lakh.
Interest-Free Credit Period
The card offers an interest-free credit period of up to 48 days, provided the previous month’s balance is paid in full.
ICICI Bank Coral Credit Card Cashback
The ICICI Bank Coral Credit Card provides rewards in the form of PAYBACK points, which can be redeemed for various spending categories.
ICICI Bank Coral Credit Card Reward Point Redemption
Reward Points can be redeemed through the PAYBACK rewards portal for gifts, vouchers, travel bookings, and more.
Exclusion on Rewards Points/Cashback
Certain transactions such as fuel, EMI conversions, and utility bill payments may not earn reward points.
Who Should Get ICICI Bank Coral Credit Card?
The ICICI Bank Coral Credit Card is ideal for individuals who want a balanced mix of rewards and lifestyle benefits, including dining and entertainment offers. It is suitable for those who can leverage its reward structure and meet the spending criteria for fee waivers.
Eligibility Criteria for ICICI Bank Coral Credit Card
- Age: 21 to 60 years
- Income: Minimum annual income of ₹3 lakh for salaried individuals and ₹3 lakh for self-employed individuals
- Credit Score: Good to excellent credit score
Compare ICICI Bank Coral Credit Card With Similar Cards
| Feature | ICICI Bank Coral Credit Card | HDFC Regalia First Card | SBI SimplyCLICK Card |
|---|---|---|---|
| Annual Fee | ₹500 | ₹1,000 | ₹499 |
| Rewards | 2 PAYBACK points per ₹100 | 2x points on online spends | 5x rewards on online spends |
| Domestic Lounge Access | 8 per year | 8 per year | None |
| Foreign Currency Markup | 3.5% | 3.5% | 3.5% |
| Reward Redemption Fee | ₹99 plus taxes | ₹99 plus taxes | ₹99 plus taxes |
ICICI Bank Coral Credit Card Review
Editor’s Rating
Summary
If you enjoy spending on movies and dining out, the ICICI Bank Coral Credit Card could be a perfect match for you. With this card, you can save up to Rs. 2,400 annually on movie tickets, assuming each ticket costs Rs. 400, by availing of the offer twice a month. Additionally, you can earn up to Rs. 1,425 in cash rewards with an annual spending of Rs. 3 lakhs. The card also offers complimentary lounge access, making it a superior choice compared to the ICICI Platinum Credit Card.
The ICICI Coral Credit Card helps you save on everyday expenses, and other perks like a fuel surcharge waiver, dining discounts, and the possibility of an annual fee waiver add even more value. These features make the card a compelling option to consider.
FAQs:
- What is the annual fee for the ICICI Bank Coral Credit Card?
The annual fee is ₹500 plus applicable taxes, which is waived on annual spends of ₹1.5 lakh. - Does the ICICI Bank Coral Credit Card offer lounge access?
Yes, it offers complimentary access to domestic lounges but not international lounges. - How can I redeem my Reward Points?
Reward Points can be redeemed through the PAYBACK rewards portal for gifts, vouchers, and travel bookings. - What is the rewards rate on the ICICI Bank Coral Credit Card?
The rewards rates are 2 PAYBACK points per ₹100 on retail purchases except fuel and 1 PAYBACK point per ₹100 on utilities and insurance categories. - What is the foreign currency markup fee?
The foreign currency markup fee is 3.5%.
Quick Links
- ICICI Bank Credit Cards
- Apply for ICICI Bank Coral Credit Card
- ICICI Bank Coral Credit Card Terms and Conditions
- ICICI Bank Customer Care
