Our Money Guide

The ICICI Bank Coral Credit Card is an entry level card from ICICI Bank, one of the largest card issuers in India. It is a popular card for those starting their credit journey. It provides some good perks like complimentary access to airport and railway lounges, and movie benefits.

However , one can get better rewards from other cards available in the marketplace.

Brief Summary

3.0 / 5

Our View

Best for those who are beginning their credit journey , since this is an entry level card from ICICI Bank. You get complimentary access to airport lounges in India (once per quarter), complimentary access to railway lounges in India (once per quarter), and 25% discount on movie tickets at BookMyShow and Inox (upto ₹100 each per month).

The reward rate of 0.50% that you get on the card is quite low, and it maybe useful to look at other cards available in the marketplace.

The card comes with an annual fee of ₹500, and the annual spend target of ₹1.50 lakhs to get annual fee waiver from the 2nd year onwards is quite high.

on ICICI Bank website

ICICI Bank Coral Credit Card

Special Benefits

Complimentary domestic airport & railway lounge access

Other Benefits

25% discount on movies

Minimum Income

₹5 lakhs per year

Annual Fee

₹ 500

Annual Fee Offers

Renewal fee waived off at ₹1.50 lakhs annual card spend

ICICI Bank Coral Credit Card : Summary Table

0.50% benefit on all purchasesYou earn 2 reward points worth ₹0.50 (50 paise), on every ₹ 100 you spend on all purchases. Since 1 reward point = ₹0.25 or 25 paise.

Exception –
– No reward points are given on fuel purchases.
– 0.25% benefit is given on utilities and insurance spends : You earn 1 reward point worth ₹0.25 (25 paise), on every ₹ 100 you spend on utilities and insurance spends.
ICICI milestone program – upto 0.25% benefit– You earn 2000 ICICI Bank Reward Points worth ₹500 , upon reaching ₹2 lakh spend on your card each year
– You receive 1000 ICICI Bank Reward Points worth ₹250 , upon reaching each additional ₹1 lakh spend on your card , each year
(maximum cap of 10,000 ICICI Bank Reward Points per year).
Complimentary domestic airport lounge access – once per quarter– You get 1 free visit per quarter , only if you have spent a minimum of ₹5,000 on your credit card in the previous quarter
– This benefit applies only to primary cardholders
– For details, please click here
Complimentary railway lounge access – once per quarter– You get 1 free visit per quarter
– This benefit applies only to primary cardholders
– For details, please click here.
25% benefit at BookMyShow moviesWhen you buy a minimum of two tickets, you get a 25% discount on a purchase up to ₹400 (since maximum discount is ₹100). On a purchase more than ₹400, your discount% will be lower than 25%.

This offer can be availed maximum 2 times per month.
25% benefit at INOX moviesWhen you buy a minimum of two tickets, you get a 25% discount on a purchase up to ₹400 (since maximum discount is ₹100). On a purchase more than ₹400, your discount% will be lower than 25%.

This offer can be availed maximum 2 times per month.
1% fuel surcharge waiverYou get a 1% waiver fuel surcharge , only on HPCL fuel transactions below ₹4000.
₹499 annual feeAnnual fee offers – 

Renewal fee waiver at ₹1,50,000 spent per year: Annual fee is not charged from the second year onwards , if you spend ₹1.50 lakhs or more in the previous year.
Minimum income requirement₹5 lakhs per year

Pros and Cons of ICICI Bank Coral Credit Card

Pros

  • Good starter credit card
  • You get complimentary domestic airport lounge access, and complimentary railway lounge access

Cons

  • The reward rate is quite low compared to other cards.

Full Review of the ICICI Bank Coral Credit Card

Features & Benefits of ICICI Bank Coral Credit Card

0.50% benefit on all purchases

You earn 2 reward points worth ₹0.50 (50 paise), on every ₹ 100 you spend on all purchases. Since 1 reward point = ₹0.25 or 25 paise.

Exception –
– No reward points are given on fuel purchases.
– 0.25% benefit is given on utilities and insurance spends : You earn 1 reward point worth ₹0.25 (25 paise), on every ₹ 100 you spend on utilities and insurance spends.

Redeeming reward points : You can redeem your ICICI Bank Reward Points for various options, including shopping, travel and entertainment vouchers. You can redeem either through internet banking OR by calling the call center.

Other Important Information : ICICI Bank reward points expire 3 years from the date of issuance.

Upto 1% benefit under the ICICI milestone program

– You earn 2000 ICICI Bank Reward Points worth ₹500, by spending ₹2 lakhs on your card within a year – under the new ICICI Bank milestone rewards program.
– You get additional 1000 ICICI Bank Reward Points worth ₹250, on each additional ₹1 lakh you spend on your card, within an anniversary year.
– You can earn a maximum of 10,000 ICICI Bank Reward Points per year, under this milestone rewards program.

Complimentary domestic airport lounge access

– You get 1 free visit per quarter , only if you have spent a minimum of ₹5,000 on your credit card, in the previous quarter
– This benefit applies only to primary cardholders
– For details, please click here

Complimentary railway lounge access

– You get 1 free visit per quarter
– This benefit applies only to primary cardholders
– For details, please click here.

25% benefit at BookMyShow movies

When you buy a minimum of two tickets, you get a 25% discount on a purchase up to ₹400 (since maximum discount is ₹100). On a purchase more than ₹400, your discount% will be lower than 25%. This offer can be availed maximum 2 times per month.

25% benefit at INOX movies

When you buy a minimum of two tickets, you get a 25% discount on a purchase up to ₹400 (since maximum discount is ₹100). On a purchase more than ₹400, your discount% will be lower than 25%. This offer can be availed maximum 2 times per month.

Other Benefits

Fuel surcharge waiver You get a 1% waiver fuel surcharge , only on HPCL fuel transactions below ₹4000.
Exclusive shopping, travel and lifestyle offers from ICICIYou get attractive discounts & cashback offers on your shopping, travel and lifestyle needs

For latest list of offers, please click here ICICI Shopping, Travel & Lifestyle Offers
Enjoy dining offers from ICICI Bank ‘Culinary Treats Programme’Under the ICICI Bank Culinary Treats Programme, you enjoy attractive dining discounts & cashback offers – including Swiggy, Zomato, Eazydiner etc
Your Visa Privileges– Visa platinum concierge : Your 24/7 digital personal assistant and lifestyle guide, giving you access to extraordinary experiences and exclusive privileges.

– Offers from Visa : enjoy a variety of exclusive hotel, dining, shopping, and other lifestyle offers when you travel in Asia

– Global customer assistance : helps you block your card, get a replacement card and also get emergency cash

Please click here to view details of all Visa benefits Visa Offers & Benefits
24/7 customer supportPlease click here for all the options to contact the bank for various issues and escalations
Security features Chip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even if your credit card is lost, it is unlikely to be misused since BOTH the physical card and the PIN is required to spend on the credit card.

Two-factor authentication – security for online transactions : When making an online transaction, you approve your online transaction by using a One-time Password (OTP) you get on your mobile phone. Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone. This ensures a safe online purchase experience.

SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you get free SMS alerts and notifications for all your credit card transactions. Hence you will know about all transactions on your credit card. In the unlikely scenario of misusing your credit card, you would still get these alerts and notifications – which will help you immediately block your credit card.

Fees and Charges

Annual fee

Annual feeAnnual fee offers
1st year joining fee₹500
Renewal fee from 2nd year onwards₹500Renewal fee offer : Annual fee is not charged from the 2nd year onwards , if you spend ₹1,50,000 or more in the previous year on your card.

Other fees and charges –

Fee
Finance charges 3.40% per month
Card over-limit fees2.50% on the over-limit amount (subject to a minimum of ₹550)
Foreign transaction fee3.50% of transaction amount

Late payment fee : please see below table

Late payment fee depends on the bill amount due –

Total bill amount dueLate payment charges (w.e.f Feb 10, 2022)
Less than ₹100None
₹100 to ₹500₹100
₹501 to ₹5,000₹500
₹5,001 to ₹10,000₹750
₹10,001 to ₹25,000₹900
₹25000 to ₹50000₹1000
More than ₹50,000₹1200

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – ICICI Coral Credit Cards & Charges

Eligibility Criteria

Minimum age21 years or above
Minimum income requirement₹5 lakhs per year
Occupation Salaried or self-employed
Other criteriaRegular source of income, good credit score , low credit utilisation, length of repayment history etc.
These are general eligibility criteria , specific criteria may differ on a case to case basis.

Application Process & Tracking Your Application Status

Step-by-step guide

Online application process 
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the ICICI Bank website. You can also visit official website of the bank and fill out the application form.

Steps :
– Fill in the application form with the required personal and financial information.
– Submit the application form and wait for a decision from ICICI Bank.
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process. To find the branch nearest to you, visit here.

Tracking your application

You can track the status of your application through the ICICI webpage.
STEPS :
1. Visit the ICICI Bank official website and navigate to the ‘Track Application’ page.
2. Enter the required details – mobile number and date of birth OR mobile number, application number and date of birth
3. Click on the ‘Submit’ button to check the status of your application.
4. The page will display the current status of your application, whether it is under processing, approved, or rejected.
5. If your application is approved, you will receive a notification from ICICI Bank regarding the dispatch of your ICICI Coral Credit Card.

Necessary documents and verification

Required documents 
– Income documents
– PAN card
– Identity proof : Aadhaar card , or any other government-issued ID proof
– Residence address proof : Recent utility bill or rental agreement

The bank may also ask for additional documents on a case to case basis, if required.

Choosing the right card for your needs & Conclusion

The ICICI Coral Credit Card is an entry level card from ICICI Bank, one of the largest card issuers in India. It is a popular card for those starting their credit journey. It provides some good perks like complimentary access to airport and railway lounges, and movie benefits.

However , one can get better rewards from other cards available in the marketplace.

Apply Now

on ICICI Bank website

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