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ICICI Bank Coral Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Milestone benefit: Users will get 2000 reward points on spending Rs 2,00,000 on their card and 1000 reward points each time they cross Rs 1,00,000 spending thereafter in an anniversary year, a maximum of 10,000 reward points per year.
Cashback Rate
The value of 1 reward point for ICICI Bank Coral credit card is INR 0.25.
Users will earn 2 reward points on every INR 100 spent on their card (except fuel),
General Cashback Rate: 0.50%.
Users will earn 1 reward point on every INR 100 spent on utilities and insurance categories.
Utility Insurance Cashback Rate: 0.25%.
Movie Benefits
Movie Offer: Customers can also avail 25% discount, of INR 100 on BookMyShow and Inox.
Dining Benefits
None.
Other Benefits
Users will also get one complimentary domestic railway lounge visit.
Lounge Access
Cardholder can avail 1 complimentary access, per quarter, to select airport lounges in India. User need to spend INR 75,000 in the preceding calendar quarter to unlock complimentary access for the subsequent calendar quarter. Users will also get one complimentary domestic railway lounge visit every quarter.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Milestone benefit: Users will get 2000 reward points on spending Rs 2,00,000 on their card and 1000 reward points each time they cross Rs 1,00,000 spending thereafter in an anniversary year, a maximum of 10,000 reward points per year.
Cashback Rate
The value of 1 reward point for ICICI Bank Coral credit card is INR 0.25.
Users will earn 2 reward points on every INR 100 spent on their card (except fuel),
General Cashback Rate: 0.50%.
Users will earn 1 reward point on every INR 100 spent on utilities and insurance categories.
Utility Insurance Cashback Rate: 0.25%.
Movie Benefits
Movie Offer: Customers can also avail 25% discount, of INR 100 on BookMyShow and Inox.
Dining Benefits
None.
Other Benefits
Users will also get one complimentary domestic railway lounge visit.
Lounge Access
Cardholder can avail 1 complimentary access, per quarter, to select airport lounges in India. User need to spend INR 75,000 in the preceding calendar quarter to unlock complimentary access for the subsequent calendar quarter. Users will also get one complimentary domestic railway lounge visit every quarter.
Fees & Charges
Joining Fee
Rs 500+GST
Annual Fee
Rs 500+GST
Cash Advance Fee
2.50% of the amount or ?300, whichever is higher.
Interest rate
Interest Rates: 3.50%p.m. and 42%p.a.
Late Payment Fee
Late payment charges: ₹ 100 per instance.
Foreign Currency Transactions Fee
3.50%
Other Fees
Cash advance charges: 2.50% of the amount or ₹300, whichever is higher.
Fees & Charges
Joining Fee
Rs 500+GST
Annual Fee
Rs 500+GST
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rates: 3.50%p.m. and 42%p.a.
Late Payment Fee
Late payment charges: ₹ 100 per instance.
Foreign Currency Transactions Fee
3.50%
Other Fees
Cash advance charges: 2.50% of the amount or ₹300, whichever is higher.
Special Features
One complimentary domestic railway lounge visit.
Eligibility Criteria
Age:
Primary cardholder: Must be above 21 years old.
Supplementary cardholder: Must be above 18 years old (some variants might have a higher minimum age).
Nationality:
Must be an Indian citizen.
Occupation:
Salaried, self-employed, or professional.
Minimum Income:
This varies depending on your location and card variant. For example, in Indore, Madhya Pradesh, the minimum income requirement for the Coral Credit Card might be around Rs. 25,000 per month for salaried individuals and Rs. 40,000 per month for self-employed individuals.
Credit Score:
You should have a good credit score to be eligible for the card. ICICI Bank doesn't specify the minimum score, but generally, a score above 700 is considered good.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Eligibility: You must be at least 18 years old with a regular source of income and meet the bank's minimum credit score requirements.
Apply online: Visit the ICICI Bank website (https://www.icicibank.com/personal-banking/cards/credit-card/coral-card) and fill in the application form.
Documents required:Proof of identity (PAN card, Aadhaar card, etc.)
Proof of address (driving license, utility bills, etc.)
Income proof (salary slips, ITR documents, etc.)
Processing & approval: The bank will process your application and check your credit score. You will be notified of the decision within a few days.Card delivery: Once approved, your card will be delivered to your registered address within 7-10 business days.
Contact Details
1800 1080
Account Opening and Procedure
The ICICI Coral Credit Card is a decent entry-level option for individuals with moderate spending who value lounge access and basic rewards. However, its low reward rate and limited benefits might not be appealing to frequent travelers or high spenders. Consider your spending habits and compare with other cards offering higher cashback, specific category rewards, or better travel/dining perks for optimal value.
The ICICI Coral Credit Card is a decent entry-level option for individuals with moderate spending who value lounge access and basic rewards. However, its low reward rate and limited benefits might not be appealing to frequent travelers or high spenders. Consider your spending habits and compare with other cards offering higher cashback, specific category rewards, or better travel/dining perks for optimal value.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai