ICICI Bank Coral credit card is an entry-level card that comes with Rs 500 joining & annual fees and offers limited benefits that might make it worth the fees. You get lounge access, fuel surcharge waiver, discount on movie tickets, spend-based waiver and 0.5%-1% reward rate but these benefits are limited by relatively high spending criteria.
Get an in-depth look at all the benefits and drawbacks in this review of ICICI Bank Coral credit card.
Note– this review if for ICICI Coral credit card on VISA/Mastercard networks, not RuPay.
ICICI Bank Coral Credit Card Overview
|Rs 500 + GST
|Rs 500 + GST (waived off on annual spend of Rs 1.50 lakh or more)
|Rewards– 2 reward points for every Rs 100 spend except on fuel, and 1 point for every Rs 100 spent on utilities and insurance payments
Fuel– 1% fuel surcharge waiver on HPCL pumps.
Movies– 25% discount up to Rs 100 on BookMyShow & INOX twice a month on purchase of minimum 2 tickets per transaction
Lounge Access– 1 domestic railway lounge access and 1 domestic airport lounge access per quarter on a quarterly spend of Rs 5,000 or more
Details from ICICI Bank
- Enjoy several benefits at a nominal fee. You pay a joining fee of Rs 500 + GST, and an annual fee of Rs 500 + GST from 2nd year onward that can be waived off on a annual spend of Rs 1.50 lakh or more.
- Earn up to 10,000 reward points each year.
- Get one complimentary domestic railway lounge visit per quarter.
- Get 1 complimentary domestic airport lounge access per quarter on spending Rs 5,000 or more quarterly.
- Avail 25% discount up to Rs 100 on purchase of minimum 2 movie tickets per transaction on BookMyShow and INOX. offer can be availed twice in a month.
- Exclusive dining offers through ICICI Bank Culinary Treats program.
- Terms and conditions apply.
Fees and Charges
Rs 500 + GST
Rs 500 + GST (waived off on annual spend of Rs 1.50 lakh or more)
3.40% per month (40.80% annually)
Foreign Transaction Fee
3.5% of the transaction amount.
Cash Advance fee
2.5% or minimum Rs 300 (whichever is higher) of the transaction amount.
Add-on card fee
See fees and charges on ICICI website.
ICICI Bank Coral Credit Card Benefits & Perks
For many years, it has been one of the flagship entry-level credit card from the ICICI Bank. The benefits of the Coral credit card are spread across several categories from shopping to travel. Check them out.
Every eligible transaction upward of Rs 100 earns you reward points.
- Get 2 reward points on every Rs 100 spent, except on fuel purchases.
- Get 1 reward point on every Rs 100 spent on utility and insurance payments.
Rewards Redemption: You can redeem the reward points for cash or gifts. The reward points can be used against purchases on products categories ranging from movie and travel vouchers to lifestyle, products, mobile phones and appliances etc. available through the ICICI Bank reward catalogue.
The points can be redeemed through ICICI Bank’s Internet banking, Mobile app or by calling the Bank.
Annual Fee Waiver
The bank charges you an annual fees of Rs 500 + GST which can be waived off on a spend of Rs 1.50 lakh or more in an anniversary year.
Fuel Surcharge Waiver
The cardholders get 1% fuel surcharge waiver on transactions across the country at HPCL petrol pumps.
You get a discount of 25% up to Rs 100 on a purchase of minimum 2 movie tickets through BookMyShow and INOX. This offer can be availed twice in a month.
ICICI Bank Coral credit card lounge access is limited to once per quarter.
Airport lounge access: Get complimentary domestic airport lounge access once per quarter on a spend of Rs 5,000 or more in a quarter. The Rs 5,000 spend criteria in a quarter qualifies you for the complimentary lounge access for the next quarter.
Railway lounge access: Get 1 complimentary railway lounge access per quarter. There is no minimum spend criteria for the railway lounge access.
Under the new ICICI Bank Coral credit card milestone program, you get 2,000 reward points on spending Rs 2 lakh on your card and 1,000 points each time you cross Rs 1 lakh spend thereafter in an anniversary year.
You can accumulate maximum of 10,000 reward points per year.
Final Thoughts: Should you get the Coral card?
The benefits and perks are limited for a card that carries a joining fee of Rs 500 and needs spending of more than Rs 1.5 lakh per year to qualify for the spend-based waiver. Moreover, the reward rate is low as compared to other cards in this segment as it offers reward rate of 0.5%-1% (each point is worth Rs 0.25). The fuel surcharge waiver is nice but it can only be availed on HPCL fuel pumps. You get lounge access but there’s a spend-based limitation on that also.
As you can see, the benefits and perks are there for sure, but so are the limitations.
The card is for people who are new to credit, or don’t have any unsecured cards, and want a credit card for everyday usage with occasional availing of its benefits and rewards.
ICICI Bank Coral Credit Card: Apply Online
You can easily apply online to get the ICICI Bank Coral credit card through the Bank’s official website.
Applicant should be of age 21-65 years and should be salaried or self-employed. The Bank approves the credit card based on a number of parameters such as age, location, occupation and income etc. Your profile is evaluated based on your credit profile, payment history and income etc.
Check out more credit card reviews from us.