ICICI Bank Coral Credit Card - Features, Benefits, Fees & Charges

ICICI Bank Coral Credit Card (4.5)

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We get it. Managing a credit card can be a pain in the brain. Top it off with the weird processes of redeeming those rewards; anyone would scream, "I'm out!" before even getting a card. But you see, that's not the case with ICICI Bank Coral Credit Card. With just a nominal fee of ₹500, you can earn a reward rate of 0.5%. That means for every ₹100 you spend, you get 2 reward points (except on fuel) and 1 reward point for every ₹100 spent on utilities and insurance. And that's not all! You also get free access to airport lounges, discounts on movie tickets, exclusive offers on dining and much more. Read on to learn more.

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Entertainment Benefit

A discount of 25% on a minimum purchase of two movie tickets per transaction on BookMyShow.

Note- The offer is available twice a month.

Dining Benefit

 20% discount (up to ₹750) on a minimum bill value of ₹3000 at EazyDiner.

Lounge Access

1 complimentary access to domestic airport lounges per quarter by spending a minimum of ₹5,000 or above on the card in the previous calendar quarter.

Reward Points
  • 2 Reward Points on every ₹100 spent on your card (except fuel).
  • 1 Reward Point on every ₹100 spent on utilities and insurance categories.

 

Fuel Surcharge

1% waiver on fuel surcharge

Note: Valid on a maximum expenditure of ₹4,000 per transaction at all HPCL pumps.

Insurance Benefit

The card offers air accident insurance of up to ₹3 crore. 

Concierge Services

 The cardholders have 24x7 concierge services on offer to take care of your needs related to travel, hotel reservations, and delivery of movie tickets at your doorstep. 

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹ 500

Annual Fee

₹ 500

Annual Percentage Rate

40.80%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.50%

Cash Advance Limit

20%

Card Replacement Fee

₹ 100

Foreign Transaction Fee

3.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹ 0.25
Late Payment Charges

Balance below ₹100

₹ 0

Balance from ₹100 to ₹500

₹ 100

Balance from ₹501 to ₹5000

₹ 500

Balance from ₹5001 to ₹10000

₹ 750

Balance from ₹ 10001 to ₹ 25000

₹ 900

Balance from ₹25001 to ₹50000

₹ 1000

Balance more than ₹50000

₹ 1200
Pros

Aspects that make this credit card amazing.

  1. Provides 1% Fuel surcharge waiver.
  2. 1 complimentary access to select railway lounges in India each quarter.
  3. Offers from luxury hotels, restaurants, lifestyle stores, spas, and more.
  4. Reward points can be redeemed for cash or gifts.
Cons

Aspects this credit card lacks.

  1. Entertainment benefit is available only twice a month on a credit card.
  2. No reward points on using the card for refueling.
ICICI Bank Coral Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(3.5)

Rewards

(3)

Customer Service

(3.5)

ICICI Bank Coral Credit Card Review

The ICICI Coral Contactless Credit Card is designed for individuals who are new to credit and looking for a low-maintenance credit card to help boost their credit score. The card offers a decent reward rate, which means you can earn rewards on your everyday spending. Additionally, you get access to exclusive lounges and movie benefits, making it a perfect choice for those who enjoy watching movies or travelling. The annual fee of only ₹500 is quite affordable, making it accessible to a wide range of people. However, if you are looking for a credit card with a higher reward rate or more extensive benefits in specific categories, you may want to consider other options. Overall, the ICICI Coral Credit Card is an ideal choice for individuals who want a simple and affordable way to build their credit history and enjoy some additional perks.

Overview

Best For Reward Points
Joining Fee ₹500 + GST
Annual Fee                 ₹500 + GST from 2nd year onwards - waived off if the user spends more than ₹1,50,000 in the previous year.
Card Type Reward Points
Card Network Visa and Mastercard

Who should get ICICI Bank Coral Credit Card?

The ICICI Bank Coral Credit Card is a good option for the following people:

  • People who are new to credit cards: The Coral Credit Card has a low annual fee and easy-to-meet eligibility criteria, making it a good choice for people who are just getting started with credit cards.
  • People who enjoy watching movies: The Coral Credit Card offers a 25% discount upto ₹100 on purchase of minimum 2 movie tickets per transaction on BookMyShow and Inox. This can save you money on your movie tickets, especially if you go to the movies often.
  • People who travel frequently: The Coral Credit Card offers 1 complimentary access to select airport lounges in India each quarter. This can be a nice perk if you travel frequently, as it can allow you to relax and wait for your flight in a comfortable environment.

Though the card offers benefits across rewards, airport lounges, and movies, the benefits are scattered yet very limited. In conclusion, if you are looking for an entry-level credit card with a low annual fee and some decent benefits, the ICICI Coral Credit Card is a good option. However, if you are looking for a card with the best rewards program or the most benefits, there are other options available.
Here are some other credit cards to consider:

Ultimately, the best credit card for you will depend on your individual needs and spending habits. Be sure to compare different credit cards before you apply to find one that is the best fit for you.

Reward Points on ICICI Bank Coral Credit Card

ICICI Coral Credit Card offers up to 4 ICICI Bank reward points for every ₹100 spent.

Spend Category Reward Points (per ₹100 spent)
Domestic spending (except fuel) 2
Utilities and insurance categories 1

Under the new ICICI Bank Milestone Rewards program, users can get 

  • 2,000 Reward Points on spending ₹2,00,000

  • 1,000 Reward Points on spending ₹1,00,000 

  • The rewards can be redeemed for an exciting selection of gifts or cash. 

  • Each reward point is equivalent to ₹0.25 when redeemed for cash.

How to apply for ICICI Bank Coral Credit Card?

To apply for ICICI Coral Credit Card, the potential cardholder must meet the basic eligibility requirements set by the bank in this regard. The parameters include age, location, occupation, income, etc. The criteria may vary from one card to another. If the user meets the basic criteria and the application goes through the next level of screening; the bank will evaluate the applicant’s profile based on his/her credit profile, payment history, etc.

Interested applicants can either visit a nearby branch or apply online for ICICI Coral Credit Card from the bank’s website in the following steps. 

  • Visit the ICICI bank’s official website.
  • Under the ‘Cards’ section, click on the option ‘Credit Cards.’
  • Under 'Special Credit Card' section you will find ‘ICICI Coral Credit Card’.
  • Click on “Apply Now” under the card description.
  • The website visitors will reach the page “Get your Credit Card in 4 Simple Steps” written on the top.
  • Enter the mobile number, followed by email address and PAN no.
  • Fill in all the required details and upload the required documents in order to complete the process.

ICICI Bank Coral Credit Card Eligibility

Applicants must be at least 18 years of age and have a steady source of income to be eligible for a credit card.

Documents Required

  • Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address:  Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income - Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
ICICI Bank Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

ICICI Bank

ICICI Bank Credit Card Customer Care Number:

1800 1020 123

ICICI Bank Card Offers:

View Offers

Total Cards:

1,68,46,344
ICICI Bank Credit Card News
23 Mar 2024, Saturday
1. Rules for 18 Credit Cards Will Change at ICICI Bank

ICICI Bank intends to change the benefits of airport lounge access linked to a few of its credit cards starting on 1 April 2024. "Starting 1 April 2024, you can enjoy one complimentary airport lounge access by spending Rs. 35,000 in the preceding calendar quarter," according to the website of ICICI Bank. Access for the next calendar quarter will be provided in accordance with the amount paid during the preceding quarter. Spending at least Rs. 35,000 in the January, February, and March 2024 quarters, as well as the following quarters, will get you complimentary lounge access for the months of April, May, and June 2024.

22 Apr 2023, Saturday
2. ICICI Suffers a Data Breach

Cybernews research team recently uncovered a data breach of over 3.6 million credit card users of ICICI Bank. The data was found misconfigured and publicly accessible on a cloud storage platform named Digital Ocean.

ICICI has been constantly denying any claims made in regards to said data breach, but based on reports, customers’ bank account details, credit card numbers, full names, dates of birth, home addresses, phone numbers, and emails have been compromised.

ICICI Bank Coral Customer Reviews

Overall Rating

4

Based on 2 reviews

Rating Summary

5
0%
4
100%
3
0%
2
0%
1
0%

Review Analytics

Fees 0 votes

Interest Rate 0 votes

Rewards 0 votes

Benefits 0 votes

Customer Service 0 votes

Frequently Asked Questions

You can apply for a replacement card through online banking. To block the credit card, contact ICICI Bank Credit Card Customer Care. The customer service phone number is 1860 120 7777. You must contact the bank's customer service department and request that the card be blocked.

You can use the ICICI credit card to withdraw cash from any ICICI ATM as well as any other bank ATM. The cash withdrawal limit on a credit card is 20% of the credit limit. The cash advance fee is 2.5% of the withdrawn amount.

The cash withdrawal limit on a credit card is 20% of the credit limit. The cash advance fee is 2.5% of the withdrawn amount. The smallest cash advance fee is Rs. 300. The interest rate for a cash advance is 3.40% per month and 40.8% per year.

Access to ICICI coral credit card lounges is limited to domestic railway lounges in India, with one complimentary visit each quarter. This is subject to spending a minimum of Rs.5,000 or more in a calendar quarter to qualify for the benefit in the following calendar quarter.

The ICICI Bank Coral Credit Card has an integrated chip, which adds security to transactions at retailers or ATMs. As a result, making offline transactions with your ICICI Bank Coral Credit Card is risk-free.

You may redeem your ICICI Bank Reward Points for a variety of items, including movie and travel vouchers, lifestyle products, mobile phones, and appliances. Shopping is fruitful when you utilise your ICICI Bank Credit Card and ICICI Bank Reward Points.

There is no expiration date for reward points; they will remain active as long as your credit card is activated.

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