ICICI Coral Credit Card Review

Introduction

ICICI Coral Credit Card is the most basic credit card under the “Gemstone” collection from ICICI Bank for Indian customers. This card comes in three variants – MasterCard, American Express, and Visa.

In short, new credit card applications for Coral Credit Card on Amex & MasterCard networks have been restricted by RBI. But, we did not come across any such restrictions for the Visa network.

This card comes with low annual maintenance and provides a host of travel, food, and entertainment benefits. It has stiff competition with its contemporary low-maintenance cards like SBI SimplyCLICK Credit Card and the HDFC MoneyBack Credit Card.

Highlights of ICICI Coral Credit Card

Fees & Charges

Description	Fees & Charges
Issuing Fee( One time)	INR 1,000 + GST
Annual Fee( for 1st year)	NIL
Annual Fee( per annum - from 2nd year onwards)	INR 500 + GST
Add on Card Charges	NIL
Annual Fee Waiver	On the spend of INR 1.5 Lakhs or more
Overdue Interest on Extended Credit	Monthly Rate - 3.40% Annual Rate - 40.80%
Foreign Currency Mark-up Fee	3.50%
Card Replacement Fee	INR 100
Late Payment Charges	NIL - amount less than INR 100 INR 100 - amount between INR 100 and INR 500 INR 500 - amount between INR 501 and INR 10,000 INR 750 - amount more than INR 10,000

Eligibility Criteria

Card Features

ICICI Coral Credit Card does come with a few excellent features for its customers. We will discuss them now:

Welcome Benefits

This card does not have any welcome benefit in the current times. The provision of this feature can be provided to customers at any time. The info will be updated here in such a case.

Airport lounge Access

A minimum spending of Rs. 5000 in the previous quarter makes you eligible for 1 complimentary access to a few selected airport lounges in any given quarter across India.

In short, the eligibility for the complimentary airport lounge is to spend Rs. 5000 and above in the last 3 months.

Please visit these respective links to check the list of Airport & Railway Lounges in India:

Railway Lounge Access

Finally, a mainstream credit card like Coral Card from ICICI offers railway lounge benefits. For any train-travel enthusiast, this feature on a credit card will definitely put a smile on the face.

The card offers 1 complimentary access to select domestic railway lounges per quarter.

Therefore, you have access to choose railway lounges 4 times a year.
The railway lounges can be accessed through the buttons given above under Airport lounge access.

Fuel Surcharge

1% waiver on fuel surcharge on a minimum spend of Rs. 4000 per transaction at all HPCL fuel stations across India.

Offers on Dining, Wellness and Hotels

You can experience the finest dining experiences with equally impressive savings from this card. ICICI promotes exclusive dining offers through ICICI Bank Culinary Treats Programme.

You can view all kinds of offers here:

PAYBACK points

Your ICICI Bank Credit Card enables you to earn PAYBACK Points on the transactions. PAYBACK, India’s most extensive Reward Programme, has powered ICICI Bank Rewards to bring you exciting rewards for your everyday spending.

You can redeem the PAYBACK Points from multiple options – from movie and travel vouchers to lifestyle products, mobiles, appliances, etc. Shopping is advantageous when you have the PAYBACK feature on the ICICI Bank Credit Card!

The reward points you earn get accumulated with PAYBACK every month and can be redeemed for cash or gifts of your choice.

Conclusion

The ICICI Coral Credit Card is an excellent option for those looking for a credit card with plenty of features and benefits. This credit card hosts multiple offers, from the generous rewards program to the low-interest rate. If you search for a new credit card, check out the ICICI Coral Credit Card.

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FAQ’s