ICICI Bank Coral Paywave Debit Card Review
ICICI Bank Coral Paywave Debit Card
- ICICI Bank Coral Paywave Debit Card Review
Introduction
ICICI Bank launched the ‘contactless’ debit card, enabling its customers to make electronic payments by just waving the cards near the merchant terminal instead of dipping or swiping them. This card is to be based on the Near Field Communication (NFC) technology.
ICICI Bank Coral Paywave Debit Card is powered by VISA Paywave technology.
Highlights of ICICI Bank Coral Paywave Debit Card
Key Features
- 25% discount on Movie Tickets purchased at BookMyShow
- 25% discount on Movie Tickets purchased at INOX Movies multiplexes
- Exclusive Dining offers through ICICI Bank Culinary Treats Programme
- Complimentary Airport Lounge Access
- Zero Surcharge on Fuel Purchases
- Earn ICICI Bank Rewards on Debit Card purchases
- High Withdrawal Limit & Transaction Limit
- Complimentary Wallet Protection and Emergency Assistance
Fees & charges of ICICI Bank Coral Paywave Debit Card
| Description | Fees & Charges |
|---|---|
| Joining Fee | Rs 599 + GST |
| Annual Fee | Rs 599 + GST |
| Card Replacement Fee | Rs 200 + GST |
| ATM charges from ICICI Bank ATMs | First 5 Transactions (Inclusive of Financial and Non-Financial) in a month: Free Thereafter: Rs 20 + GST: per Financial Transaction Rs 8.50 + GST: per Non-Financial Transaction All transactions are free for Current Account holders |
| ATM withdrawal charges from ATMs outside India | Rs 125 + 3.5% Currency Conversion Charges + GST |
| Balance enquiry charges from ATMs outside India | Rs 25 + GST |
| Merchant transactions abroad | 3.5% Currency Conversion Charges + GST |
| Reward Redemption Handling Fee | Rs 99 + GST for Catalogue Based Redemption Rs 25 + GST for Online and In-store Redemption |
Eligibility Criteria of ICICI Bank Coral Paywave Debit Card
Benefits of ICICI Bank Coral Paywave Debit Card
The card does have a few benefits which can be discussed below:
Welcome Benefits
Exclusive Dining Offers through ICICI Bank Culinary Treats Programme
You can enjoy it through partner dining outlets near you, including names like TGI Fridays, Café Coffee Day, Pizza Hut, Mainland China, Vaango, etc.
Dine at any one of these restaurants to avail yourself of mouth-watering deals by paying bills with your ICICI Bank Cards.
Complimentary Airport Lounge Access
Maximum 2 complimentary access per calendar quarter per card, subject to minimum spending of Rs 3,000 on your card in the previous calendar quarter, at the participating airport lounges.
Zero Surcharge on Fuel Purchases
Fuel surcharge would not be applicable for the transactions done on ICICI Bank swipe machines at selected government fuel petrol outlets (HPCL/ IOCL/ BPCL).
ICICI Bank Debit Cardholders who transact on Non-ICICI Bank swipe machines at any fuel petrol outlet will be levied a surcharge amount at the discretion of the member/ acquiring bank and the surcharge shall be reversed once we receive the refund from the respective acquiring bank.
Rewards Points on Debit Card Purchases
Earn 2 ICICI Bank Reward Points on Domestic and 4 ICICI Bank Reward Points on International transactions on every Rs 200 spent using your ICICI Bank Coral Debit Card.
Mutual Funds, Telecom, Education, Utilities, Insurance and Insurance premiums, Government Payments, Fuel, Post Office Payment, Wallets and account transfers will not be considered for the rewards program.
Pros & Cons of ICICI Bank Coral Paywave Debit Card
Pros
- The Debit Card comes with a VISA Paywave technology for contactless transactions.
- It has got Complimentary Airport Lounge Access in India.
- You can enjoy dining offers through the ICICI Bank Culinary Treats Programme.
- You can avail of 25% discounts on movie tickets through BookMyShow & Inox Cinemas.
- There are zero surcharges on fuel transactions through this card.
Cons
- The list of Complimentary Airport Lounge Access is limited.
- You can’t earn reward points on utility bill transactions.
Conclusion
ICICI Bank Coral Paywave Debit Card is a better product. Its main feature is Complimentary Airport Lounge Access. The other features on the card complement the vision of ICICI Bank. So, you can not go wrong if you wish to use this card.
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FAQ’s
What is the technology used for ICICI Bank Coral Paywave Debit Card?
NFC Contactless technology-supported VISA Paywave.
What is the Joining Fee/Annual Fee for ICICI Bank Coral Paywave Debit Card?
Joining Fee: Rs 599 + GST and Annual Fee: Rs 599 + GST
Does ICICI Bank Coral Paywave Debit Card support Complimentary Airport Lounge Access?
Yes !! You can check the list of Airport Lounges in the above article.
Is there a Rewards Points System in ICICI Bank Coral Paywave Debit Card?
Yes. There is !! You can earn 2 ICICI Bank Reward Points on Domestic and 4 ICICI Bank Reward Points on International transactions for every Rs 200 spent using your ICICI Bank Coral Debit Card.
