ICICI Bank Coral Credit Card Review

By | March 21, 2021

ICICI Bank’s Coral credit & debit card are its flagship product. ICICI has launched ICICI Coral Credit card below its Platinum Credit Card. However, they have similar kinds of rewards and offers.

Coral is a card that comes under premier cards of the country. ICICI launched this card in three variants. Hence we will provide the information about all of them at the same time. Mostly they have similar rewards, but few such things are different.

ICICI Bank Coral Credit Card

ICICI Coral Fees

Variant: American Express, MasterCard, Visa

Types of FeeAmerican ExpressMastercard/Visa
Joining FeeRs500+TaxRs500+Tax
Renewal FeeRs500+TaxRs500+Tax
Supplementary Card FeeNilNil
Interest Charged 3.40%/month3.40%/month

* Renewal fee waiver if you spend more than Rs.1,50,000 in the previous year.


Also Read
ICICI Platinum Chip Card Review


ICICI Coral Rewards & Offers

ICICI Coral rewards

On American Express

  • 2RP on every Rs.100 spent on retail transaction
  • On spending, every Rs.100 on online transactions will give you 4 Payback Points
  • 1 Payback Point on spending Rs.100 on insurance and other utilities

On Visa/ Mastercard

  • 2RP on every Rs.100 spent on retail transactions (except fuel).
  • 1 Payback Point on spending Rs.100 on insurance and other utilities
  • 1PB=Rs.025

ICICI Coral Milestone Benefit

  • Spending Rs.2,00,000 in a year will give you the milestone benefit of 2000 Payback Points.
  • Also, you will get 1000 Payback Points every time you cross Rs.1 lakh of the spending threshold.

Features (Mastercard/Visa & Amex)

ICICI Coral features
  • Avail 25% discount up to Rs.100 on purchasing a minimum of 2 movie tickets per transaction on www.bookmyshow.com.
  • Avail of a discount of 25%, up to ₹100 on a minimum purchase of two movie tickets per transaction through www.inoxmovies.com
  • One complimentary domestic railway lounge visit per quarter ( for Visa/MC only)
  • 1% fuel surcharge waiver on all fuel stations across the country.

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Lounge Access

Domestic lounge: 1 complimentary lounge per quarter on spending Rs.5000 or above in a calendar quarter.

ICICI Coral Credit Card Eligibility

Your income/ITR should be:

  • For salaried individuals: ₹ 5 lakh per annum
  • For self-employed: ₹ 7 lakh per annum

How to apply for ICICI Coral?

You can apply for the card in the following manner:

  1. You have to visit the ICICI website or the nearby ICICI branch to apply for the card.
  2. Fill up all the information to apply for the card
  3. Submit all the necessary documents required for the credit card

Documents Required

documents required
  • Identity Proof: 
    • PAN Card,
    • Aadhar Card,
    • Voter’s ID Card,
    • Driving License,
    • Ration Card
  • Address Proof: 
    • Aadhar card,
    • Voter’s ID,
    • Ration Card,
    • Electricity Bill,
    • Lease/Rent Agreement,
    • Utility Bills
  • Income Proof: Salary Slip of last 3 months
    • Bank Statement of last 6 months
    • ITR of an annual year

Our Suggestion

This is an elementary card that comes with a meager joining fee. It comes under three variants, and the best offers of all come along American Express variant.

We have this variant for some time, and through our regular transactions using this, we conclude that it has nearly a 1.2% reward rate. The beautiful thing about this card is that it offers a fuel waiver even after being a primary card.

Its Visa/MC variant also offers railway lounge access, plus the milestone benefit provided is also worth spending.

Strength-Weakness

StrengthWeakness
Low joining feesLow reward rate
Railway lounge access ( only for Visa/MC holder)A few lounge access
Fuel surcharge waiver

Bottom Line

Offers & benefits provided by ICICI bank are decent, although it is not that good compared to its competitors. And there are no many variations in rewards supplied by all three variants. I hope to expect some better from ICICI shortly.

If you are on good terms with ICICI and want a beginner-friendly premium card, then you can freely go for it.


FAQ’s

I want to know about EMI on Credit Card?

You may also visit our website www.icicibank.com > Personal > Products > Cards > Credit Card > More > Low Interest EMI Products > EMI On Call

How do I unblock my ICICI Bank Coral Credit Card?

To activate or unblock your ICICI Bank Credit Card, please call our Customer Care from your registered mobile number.

Customer Care Numbers
Personal Banking: All India :
1860 120 7777

Wealth / Private Banking: All India :
1800 103 8181

My Credit card transaction has been declined. What should I do?

For unsuccessful transactions, the amount would be refunded to your account within 7 days from the date of the transaction.

If the payment is not reversed within 7 days, we request you to send us a confirmation mail to [email protected] from the merchant with the following details – transaction amount, transaction date, payment ID, consumer code, bill reference.

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