Table of Contents
ICICI Bank Coral Credit Card Review β Features, Benefits & Fees
Feature | Details |
---|---|
Issuer | ICICI Bank |
Card Type | Reward points |
Joining Fee | βΉ 500+ GST |
Annual Fee | βΉ 500+ GST (Waived on spending βΉ 1.5 lakh) |
Add-on Fee | Nill |
Joining Benefits | 10,000 reward points every anniversary year |
Best Suited For | Movies & Dining |
Reward Rate | 2 RP per βΉ100 spent except for fuel 1 RP per βΉ100 spent for utilities and insurance |
Reward Redemption | 1 RP = βΉ 0.5, which can be redeemed for cash or gift |
Reward Redemption Fee | βΉ99 per redemption request |
Lounge Access | International– N/A Domestic -1 per quarter ( 4 each year) on minimum spending βΉ 75K per quarter |
Fuel Surcharge Waiver | 1 %Fuel surcharge waiver only on HPCL station |
Movie Tickets & Dining | On Movie-25 % discount up to βΉ 100 on movie with Book My Show On dining-15 % discount |
Rewards & Cashback π°
Spend Category | Reward Points / Cashback |
---|---|
Departmental Store, Grocery Spend, Dining | Get 2X reward points |
Utilities and Insurance | Get 1X reward points |
Fuel | No Reward points, 1 %Fuel surcharge waiver on HPCL station |
Cashback | 1 RP = βΉ 0.5, which can be redeemed for cash or gift |
Milestone Benefits π―
- Earn 2,000 Reward Points when you spend βΉ2,00,000 in a year.
- After that, get 1,000 Reward Points for every additional βΉ1,00,000 spent.
- You can earn a maximum of 10,000 Reward Points in a year.
Lounge Access πΊ
Lounge Type | Access |
---|---|
International Lounge Program | No International Lounge access |
Domestic Lounge Program | 1 Complimentary Domestic Airport Lounge Visits per quarter |
Fees & Charges π΅ β¨
Charge Type | Amount |
---|---|
Joining Fee | βΉ500 + applicable taxes |
Annual Fee | βΉ500 + applicable taxes (Waived on spending βΉ 1.5 lakh) |
Interest Rate | 3.40% per month (40.8% per annum) |
Foreign Exchange Markup | 3.5%+GST of the amount withdrawal |
Eligibility & Documents Required π
Criteria | Requirement |
---|---|
Age for Primary Cardholder | Min 21 Year |
Age for Add-on Cardholder | 18 Years and above |
Income | Not officially disclosed by SBI |
Credit Score | Recommended: 750+ |
Documents Required | PAN Card, Aadhar, Income Proof, Address Proof |
Residential Status | Indian Resident only |
π Note: Eligibility criteria may vary based on the bank’s internal policy.
How to Apply for an ICICI Bank Coral Credit Card Online?
- Step 1: Visit the www.icicibank.com website or the nearest branch.
- Step 2:Go to the “Cards” section and select “Credit Cards.”
- Step 3:Scroll down to find the ICICI Coral Credit Card and click on “Apply Now.”
- Step 4: Enter your Date of Birth (DOB), PAN card details, and full name.
- Step 5:Submit your details and wait for verification and approval.
- Step 6:Once approved, your credit card will be delivered to your registered address.
Pros & Cons βοΈ
β Pros of ICICI Coral Credit Card
β 1% Fuel Surcharge Waiver β Save on fuel expenses at all HPCL petrol pumps when you use ICICI Bank swipe machines.
β Reward Points Redemption β Earn reward points on every spend, which can be redeemed for cash, gifts, or exciting offers.
β Cons of ICICI Coral Credit Card
β βΉ500 Joining & Annual Fee β The card comes with a one-time joining fee of βΉ500 and an annual renewal fee of βΉ500.
β Limited Airport Lounge Access β Enjoy restricted complimentary lounge visits per quarter at select domestic airports.
Final Verdict β Should You Get This Card?
Yes, you should go for that card, if you are new to credit cards.
π’ Best for: Movie tickets, 25% discount up to βΉ100
β‘ Not ideal for: If you travel frequently.
π‘ If you frequently spend on movie tickets, this card can be a great option.
FAQs on ICICI Coral Credit Card
What are the fees for the ICICI Coral Credit Card?
Joining Fee: βΉ500 + GST (one-time).
Annual Fee: βΉ500 + GST from the second year (waived if annual spending exceeds βΉ1.5 lakh)
How can I redeem my ICICI Coral Credit Card reward points?
You can use the reward points to get cash credit, vouchers, and gifts. The redemption process can be done online through ICICI Bankβs portal.
Does the ICICI Coral Credit Card offer discounts on movie tickets?
Yes! You can enjoy a 25% discount (up to βΉ100) on BookMyShow and INOX when booking at least two movie tickets. This offer is valid twice a month.
Can I access airport lounges with the ICICI Coral Credit Card?
Yes, you get one complimentary domestic lounge visit per quarter if you spend βΉ75,000 or more in the previous quarter.
How does the fuel surcharge waiver work?
You get a 1% fuel surcharge waiver at HPCL petrol pumps when using ICICI Bankβs swipe machines.