Our Money Guide

By: OurMoneyGuide || Last updated on: April 18, 2024

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.

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

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.

Features & Benefits of ICICI Bank Coral Credit Card

0.50% benefit on all card purchases

You earn 2 reward points worth ₹0.50 (50 paise), on every ₹ 100 you spend on all card purchases.

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.

1 reward point = ₹0.25 or 25 paise. You can redeem your reward points for various options, including shopping, travel and entertainment vouchers. You can redeem either through internet banking, mobile banking or by calling the call center. Reward points are valid for 3 years from the date of issuance. 

Upto 0.25% 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 – 1 time per quarter

You get 1 free visit per quarter, for list of lounges and other details, please click here.

Complimentary railway lounge access – 1 time per quarter

You get 1 free visit per quarter.

For details, please click here.

25% discount (upto ₹100) on movie tickets at BookMyShow, 2 times per month

25% discount (upto ₹100) on movie tickets at INOX, 2 times per month

Fuel surcharge waiver 

Exclusive shopping, travel and lifestyle offers from ICICI

ICICI Bank customer care 

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 lakhs 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

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.

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