ICICI Coral Credit Card Review: Check Benefits, Features & Eligibility

[nikhilchauhan]

The ICICI Coral Credit Card from ICICI Bank is a nice offering that brings exclusive rewards and benefits in the realms of dining, entertainment, and travel. The card, available in three variants (Visa, Mastercard, and AmEx), allows you the flexibility to choose the one that suits you best. With a reward rate of up to 2 points for every Rs. 100 spent, redeemable across various categories, the Coral credit card ensures you earn as you spend. Additionally, the card presents an opportunity to get up to 10,000 bonus Reward Points annually through its milestone program.

Key Features & Benefits of ICICI Coral Credit Card

Annual Fee:

• Joining Fee: Rs. 500 + GST
• Renewal Fee: Rs. 500 + GST

Best Suited For:

• Movies
• Dining

Rewards and Offers of ICICI Coral Credit Card

Movie & Dining:

• 25% discount up to Rs. 100 on BookMyShow movie ticket bookings.
• Up to 15% discount on dining.

Rewards Rate:

• 1 Reward Point per Rs. 100 on utilities & insurance spends.
• 2 Reward Points per Rs. 100 on other expenditures.

Reward Redemption:

• Points redeemable against various categories or as cashback at a rate of 1 Reward Point = Re. 0.25.

Travel Benefits:

• Complimentary Airport and Railway Lounge get to in each quarter of a year.
• 1 Domestic Lounge Get to in Each Quarter (4 Each Year).

Milestone Benefit:

• 2,000 Reward points on spending Rs. 2 lakh annually.
• 1,000 bonus Reward Points on achieving Rs. 1,00,000 target within an anniversary year.

Other Benefits:

• Fuel surcharge waiver of 1% at all HPCL petrol stations for transactions up to Rs. 4,000.
• Renewal fee waiver on spending Rs. 1.5 lakh or more in the previous year.

Eligibility Criteria of ICICI Coral Credit Card

• Primary cardholder age: 23 years or more.
• Supplementary cardholder’s age: 18 years or more.
• Net income as per ITR for the primary cardholder: Rs. 5 lakh.

ICICI Coral Credit Card Apply Criteria

• Apply online or visit the nearest ICICI Bank branch with the necessary documents (proof of address, identity, and income).

Review:

The ICICI Coral Credit Card stands out as a well-rounded choice, particularly for individuals who enjoy dining out and watching movies. Discounts on movie tickets and dining bills, combined with the comprehensive rewards program, make it a valuable companion for those with social and entertainment-focused lifestyles. The milestone benefits add an extra layer of incentive, rewarding consistent card usage. The travel perks, including lounge access, further enhance its appeal. The card's annual fee is reasonable, and the renewal fee can be waived, making it an accessible option for a broad audience.

In summary, the ICICI Coral Credit Card emerges as a practical and rewarding choice for those seeking a balance of lifestyle benefits, travel perks, and cost-effectiveness in a credit card.

 

[Gaurav Gupta]

I have this CC with LTF. Bnak offered me because I have salary account.

 

[Skylar]

I have this CC with LTF. Bnak offered me because I have salary account.

I got this in rupay variant and reward rate is very poor around 0.5%

 

[zacobite]

I got this in rupay variant and reward rate is very poor around 0.5%

Rupay rewards are always poor.. MDR/ Charges share is low and 0 for less than 2000 and higher on UPI.. so they can't give rewards.. whatever rupay is giving now.. is cash burn.. was reading this somewhere.. let me. try and dig it up

 

[Skylar]

Rupay rewards are always poor.. MDR is negligible so they can't give rewards.. whatever rupay is giving now.. is cash burn

0.5% is its general reward rate.
Online, offline and UPI (UPI ka tho it is said 0.125%)

 

[zacobite]

0.5% is its general reward rate.
Online, offline and UPI (UPI ka tho it is said 0.125%)

yeah.. v low on rupay

 

[Abhishek012]

Rupay rewards are always poor.. MDR is negligible so they can't give rewards.. whatever rupay is giving now.. is cash burn

Reward rate is same for all Visa/mastercard/RuPay credit cards.

RuPay credit cards charge same MDR like Visa/Mastercard 1% to 3%, depend on merchant categories.

All ICICI Coral Visa/RuPay/Mastercard Reward rate is same.

If i talk about ICICI Coral RuPay CC on UPI then Reward Rate is depend on merchant categories, small merchants got 0.125%, other big merchants got 0.5%, interestingly travel category like Yatra and Railway spend got 1% Reward point using ICICI Coral RuPay CC on UPI.

Anyway, Reward/cashback offer by banks. Card networks dnt offer Reward points or cashback. If your Visa/mastercard offer 1% Reward/cashback then your same credit card RuPay variant will offer you 1% Reward/cashback.

People have a misconception that they get less reward points on RuPay credit cards because RuPay currently focus on basic/premium credit cards. Once RuPay will get enough market share, RuPay will focus on Super Premium credit cards.

But this does not mean that you will get less reward points in RuPay cards. Compare the RuPay credit card you have with its equivalent Visa/Mastercard credit card.

Another thing is that RuPay CC on UPI spend reward is different. Visa/MasterCard does not have facility to link with UPI. Therefore there is no comparison.

It's like something is better than nothing. Ya, you will get ICICI Coral RuPay CC on UPI spend 0.125% Reward rate but there is no alternative because ICICI Coral Visa/mastercard credit card will not offer you to link with UPI.

@Skylar

 

[zacobite]

Reward rate is same for all Visa/mastercard/RuPay credit cards.

RuPay credit cards charge same MDR like Visa/Mastercard 1% to 3%, depend on merchant categories.

All ICICI Coral Visa/RuPay/Mastercard Reward rate is same.

If i talk about ICICI Coral RuPay CC on UPI then Reward Rate is depend on merchant categories, small merchants got 0.125%, other big merchants got 0.5%, interestingly travel category like Yatra and Railway spend got 1% Reward point using ICICI Coral RuPay CC on UPI.

Anyway, Reward/cashback offer by banks. Card networks dnt offer Reward points or cashback. If your Visa/mastercard offer 1% Reward/cashback then your same credit card RuPay variant will offer you 1% Reward/cashback.

People have a misconception that they get less reward points on RuPay credit cards because RuPay currently focus on basic/premium credit cards. Once RuPay will get enough market share, RuPay will focus on Super Premium credit cards.

But this does not mean that you will get less reward points in RuPay cards. Compare the RuPay credit card you have with its equivalent Visa/Mastercard credit card.

Another thing is that RuPay CC on UPI spend reward is different. Visa/MasterCard does not have facility to link with UPI. Therefore there is no comparison.

It's like something is better than nothing. Ya, you will get ICICI Coral RuPay CC on UPI spend 0.125% Reward rate but there is no alternative because ICICI Coral Visa/mastercard credit card will not offer you to link with UPI.

@Skylar
Yes... we. are talking about UPI in specific on rupay rewards.. . Your information is on point.. cheers.. Rupay for normal usage is still to catch on.. the core value for now remains UPI.. Rupay is trying to move up so time will tell..

 

[Skylar]

Reward rate is same for all Visa/mastercard/RuPay credit cards.

RuPay credit cards charge same MDR like Visa/Mastercard 1% to 3%, depend on merchant categories.

All ICICI Coral Visa/RuPay/Mastercard Reward rate is same.

If i talk about ICICI Coral RuPay CC on UPI then Reward Rate is depend on merchant categories, small merchants got 0.125%, other big merchants got 0.5%, interestingly travel category like Yatra and Railway spend got 1% Reward point using ICICI Coral RuPay CC on UPI.

Anyway, Reward/cashback offer by banks. Card networks dnt offer Reward points or cashback. If your Visa/mastercard offer 1% Reward/cashback then your same credit card RuPay variant will offer you 1% Reward/cashback.

People have a misconception that they get less reward points on RuPay credit cards because RuPay currently focus on basic/premium credit cards. Once RuPay will get enough market share, RuPay will focus on Super Premium credit cards.

But this does not mean that you will get less reward points in RuPay cards. Compare the RuPay credit card you have with its equivalent Visa/Mastercard credit card.

Another thing is that RuPay CC on UPI spend reward is different. Visa/MasterCard does not have facility to link with UPI. Therefore there is no comparison.

It's like something is better than nothing. Ya, you will get ICICI Coral RuPay CC on UPI spend 0.125% Reward rate but there is no alternative because ICICI Coral Visa/mastercard credit card will not offer you to link with UPI.

@Skylar

Yes, I totally agree.
I wasn't saying rupay is not rewarding I was saying in general Coral has week reward system both on Rupay and visa.

My only Point was why use Coral for UPI when you can Use Other Ruapy cards like tata neu or Kotak Myntra which give more rewards on UPI transactions.

I extensively use rupay card over VISA.

 

[Abhee Das]

As i am existing customer of Icici platinum credit ltf card holder i received additional life time free coral rupay upi card, my question is whether i will get all the benefits of coral cards like 1 domestic Airport lounge access etc?

 

[Skylar]

1 domestic Airport lounge access etc?

Yes, you can but there is a spending criteria for availing lounge access.

 

[Skylar]

As i am existing customer of Icici platinum credit ltf card holder i received additional life time free coral rupay upi card, my question is whether i will get all the benefits of coral cards like 1 domestic Airport lounge access etc?

 

[plumlog.com]

The ICICI Coral Credit Card is an entry-level card designed for those new to credit cards or looking for a low-maintenance option. Here's a breakdown of its pros and cons to help you decide if it's the right fit for you:

Benefits:

• Rewards:
  • Earn 2 Reward Points per Rs. 100 spent on most categories (except fuel).
  • Earn 1 Reward Point per Rs. 100 spent on utilities and insurance.
  • Bonus points under the ICICI Bank Milestone Rewards program:
    • 2,000 points on spending Rs. 2 lakh in a year.
    • 1,000 bonus points every time you spend above Rs. 1 lakh thereafter (up to 10,000 points per year).
  • Redeem points for various rewards like vouchers, movie tickets, merchandise, and more.
• Travel:
  • Complimentary access to airport and railway lounges in India (limited visits per quarter).
• Movies:
  • Offers on movie tickets through partner platforms like BookMyShow and INOX (limited redemptions per month).
• Fuel:
  • 1% fuel surcharge waiver on transactions below Rs. 4,000 at HPCL pumps (when swiped on the ICICI Merchant Services machine).
• Others:
  • Contactless payments for faster and secure transactions.
  • Online account management for tracking expenses and rewards.

Features:

• Low annual fee of Rs. 500 (waivable on spending a certain amount annually).

Eligibility:

• Minimum age: 23 years for primary cardholder, 18 years for add-on cards.
• Minimum income: Rs. 5 lakh annually (as per ITR).
• Good credit history (generally a score of 700 or above).

Things to Consider:

• Low reward rate: Compared to other cards, the reward rate on spending is average.
• Limited benefits: Lounge access and movie offers are restricted.
• Fuel surcharge waiver limited: Only applicable to specific transactions.
• Better suited for:
  • New cardholders building credit score.
  • Individuals with occasional spending who prioritize a low annual fee.

Alternatives to Consider:

• For higher rewards: Explore cards offering better cashback or reward points on your preferred spending categories.
• For extensive travel benefits: Look for cards with wider lounge access programs and travel insurance.

Overall, the ICICI Coral Credit Card is a decent option for beginners due to its low annual fee and basic benefits. However, if you're a regular spender or seek richer rewards, consider exploring other cards that better suit your spending habits.

 

[Skylar]

The ICICI Coral Credit Card is an entry-level card designed for those new to credit cards or looking for a low-maintenance option. Here's a breakdown of its pros and cons to help you decide if it's the right fit for you:

Benefits:

• Rewards:
  • Earn 2 Reward Points per Rs. 100 spent on most categories (except fuel).
  • Earn 1 Reward Point per Rs. 100 spent on utilities and insurance.
  • Bonus points under the ICICI Bank Milestone Rewards program:
    • 2,000 points on spending Rs. 2 lakh in a year.
    • 1,000 bonus points every time you spend above Rs. 1 lakh thereafter (up to 10,000 points per year).
  • Redeem points for various rewards like vouchers, movie tickets, merchandise, and more.
• Travel:
  • Complimentary access to airport and railway lounges in India (limited visits per quarter).
• Movies:
  • Offers on movie tickets through partner platforms like BookMyShow and INOX (limited redemptions per month).
• Fuel:
  • 1% fuel surcharge waiver on transactions below Rs. 4,000 at HPCL pumps (when swiped on the ICICI Merchant Services machine).
• Others:
  • Contactless payments for faster and secure transactions.
  • Online account management for tracking expenses and rewards.

Features:

• Low annual fee of Rs. 500 (waivable on spending a certain amount annually).

Eligibility:

• Minimum age: 23 years for primary cardholder, 18 years for add-on cards.
• Minimum income: Rs. 5 lakh annually (as per ITR).
• Good credit history (generally a score of 700 or above).

Things to Consider:

• Low reward rate: Compared to other cards, the reward rate on spending is average.
• Limited benefits: Lounge access and movie offers are restricted.
• Fuel surcharge waiver limited: Only applicable to specific transactions.
• Better suited for:
  • New cardholders building credit score.
  • Individuals with occasional spending who prioritize a low annual fee.

Alternatives to Consider:

• For higher rewards: Explore cards offering better cashback or reward points on your preferred spending categories.
• For extensive travel benefits: Look for cards with wider lounge access programs and travel insurance.

Overall, the ICICI Coral Credit Card is a decent option for beginners due to its low annual fee and basic benefits. However, if you're a regular spender or seek richer rewards, consider exploring other cards that better suit your spending habits.

 

[Abhee Das]

View attachment 370

Thanks for the info

 

[Skylar]

Thanks for the info

 

[Vishalvk]

How Can I apply ?

 

[launchcraft]

It's better you first apply for ICICI PLATINUM CHIP CARD and then upgrade it to CORAL CARD.
Apply online on ICICI website

 

[Skylar]

How Can I apply ?

You have any ICICI cards?

 

[Bantu]

I have an ICICI Amazon pay credit card and I want to take Coral rupay credit card for UPI payment. But pre approved offer is not there