ICICI Bank Coral Credit Card
The ICICI Bank Coral Credit Card is a popular lifestyle and rewards credit card that offers a balanced mix of benefits focusing on retail spends, travel comfort, and entertainment.
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The ICICI Bank Coral Credit Card is a popular lifestyle and rewards credit card that offers a balanced mix of benefits focusing on retail spends, travel comfort, and entertainment.
It delivers a straightforward rewards program with 2 reward points per ₹100 on most retail purchases, excluding fuel, and 1 reward point per ₹100 on utilities and insurance spends, making it efficient for general spending. The points are redeemable at a rate of ₹0.25 per point for cashback or gift vouchers.
One of the key benefits is the complimentary domestic airport lounge access available once per quarter, which is unlocked by spending ₹75,000 in the preceding calendar quarter, along with a complimentary railway lounge access once per quarter. This makes the card attractive for users who travel domestically.
The card also offers enticing discounts on movie tickets through BookMyShow and INOX, appealing to entertainment seekers.
Key Facts about ICICI Coral Credit Card
Issuer | ICICI Bank |
Card Name | Coral Credit Card |
Card Network | Mastercard / Visa / American Express variants available |
Category | Lifestyle, Rewards, Travel |
Income Eligibility | Salaried: Minimum ₹5 lakh annual income; Age 23+ for primary cardholder; 18+ for add-on cards |
Joining Fees | ₹500 |
Joining Fee Waiver | Waived on annual spend of ₹1.5 lakh or more |
Renewal Fees | ₹500 |
Renewal Fee Waiver | Waived on annual spend of ₹1.5 lakh or more |
Welcome Benefits | None explicitly stated |
Card Benefit 1 | 2 Reward Points per ₹100 on retail spends except fuel; 1 Reward Point per ₹100 on utilities and insurance spends |
Card Benefit 2 | 1 complimentary domestic airport lounge access per quarter (total 4 per year); unlocked by spending ₹75,000 in previous quarter |
Card Benefit 3 | 1 complimentary railway lounge access per quarter (4 yearly) |
Card Benefit 4 | Up to 25% discount on movie ticket bookings at BookMyShow and INOX |
Card Benefit 5 | 1% fuel surcharge waiver on fuel transactions up to ₹4,000 |
Rewards Redemption | 1 Reward Point = ₹0.25 cashback or gift voucher |
Interest Rate | 3.75% per month (45% per annum) |
Fuel Surcharge Waiver | 1% waiver on fuel transactions between ₹400 and ₹4,000 (max ₹100 per statement) |
Foreign Currency Markup | 3.5% on international transactions |
Cash Advance Charges | 2.5% or ₹500 minimum |
UPI Enabled | RuPay variant can be linked for UPI payments |
Fuel surcharge waiver of 1% on transactions up to ₹4,000 and a reasonable joining fee that can be waived with sufficient annual spending adds to the card’s value proposition.
However, the card carries a 3.5% foreign currency markup on international transactions, which is relatively standard for mid-tier cards but could be a deterrent for frequent international travelers.
With no explicit welcome bonuses noted currently, the card mainly focuses on steady rewards and travel-related perks. The inclusion of a RuPay variant allows linkage to UPI payment apps, enhancing payment convenience for digital users.
Pros
- Reward points earn rates favorable for everyday retail and utility spends.
- Complimentary domestic and railway lounge accesses add travel comfort.
- Attractive entertainment offers with movie ticket discounts.
- Fuel surcharge waiver supports fuel cost savings.
- Joining and renewal fees waivable on ₹1.5 lakh annual spends, lowering cost of ownership.
- Option to link RuPay variant to UPI for seamless digital payments.
Cons
- No explicit welcome bonus or milestone bonus offers.
- Foreign currency markup at 3.5% is average, not ideal for frequent forex users.
- Lounge access requires spending thresholds, limiting access for lower spenders.
- Reward points redemption value is moderate compared to premium cards.
About the Author
Anmol
Anmol writes super targeted posts about availing credit card offers and getting maximum benefits.