MakeMyTrip ICICI Bank Platinum vs ICICI Bank Coral Credit Card

The MakeMyTrip ICICI Bank Platinum Credit Card is a joint venture between MakeMyTrip and ICICI Bank. It provides My Cash rewards specifically tailored for hotel stays, flight bookings, and holiday packages. Cardholders receive My Cash and holiday vouchers as welcome benefits and on achieving spends in an anniversary year. Additional perks include discounts on BookMyShow and INOX, complimentary access to lounges, and a Rs. 500 joining fee with no renewal fee.

Conversely, the ICICI Bank Coral Credit Card stands out as a favored option, offering ample reward points tailored for various perks like travel, dining, and entertainment. Offered in Visa, MasterCard, and AmEx variants, it allows cardholders to choose their preference. The card offers bonus reward points for specific spending amounts, discounts on movie tickets and dining bills, and complimentary access to domestic lounges. The joining and renewal fee of Rs. 500 can be waived based on spending. Each card provides distinct rewards and advantages: one is tailored for travel in partnership with another brand, while the other is a flexible credit card offering various benefits.

Features and Benefits of MakeMyTrip ICICI Bank Platinum Credit Card and ICICI Bank Coral Credit Card

MakeMyTrip ICICI Bank Platinum Credit Card:

1. Co-branded by ICICI Bank, the MakeMyTrip ICICI Bank Platinum Credit Card is ideal for frequent travelers.
2. Cardholders accumulate substantial My Cash rewards through their everyday credit card purchases, while also enjoying boosted My Cash rewards when booking travel through MakeMyTrip.
3. Extra perks include special savings on tickets for movies at either BookMyShow or INOX theaters, as well as unique dining deals at select partner restaurants.
4. Key features:
   • Welcome benefits: Rs. 3,000 MakeMyTrip holiday voucher and Rs. 500 My Cash upon joining fee payment.
   • My Cash rewards based on spending categories.
   • Discounts on dining bills through ICICI Bank Culinary Treats Program.
   • 25% discount (up to Rs. 100) on 2 movie tickets per transaction on BookMyShow and INOX, twice a month.
   • Complimentary railway lounge access quarterly.
   • Complimentary domestic lounge access upon spending Rs. 5,000 in the previous quarter.
   • Milestone benefits include Rs. 1,000 My Cash for spending Rs. 2.5 Lakhs in an anniversary year.
   • Earn Rs. 1,000 in My Cash Points every year by making purchases totaling Rs. 50,000 or more on MakeMyTrip.
5. Fuel surcharge waiver: 1% on transactions up to Rs. 4,000 at HPCL fuel stations.
6. Joining fee: Rs. 500; no renewal fee.
7. My Cash earned can be redeemed on MakeMyTrip for flight/holiday/hotel bookings at a rate of 1 My Cash = Re. 1.

ICICI Bank Coral Credit Card:

1. ICICI Bank presents its ICICI Bank Coral Credit Card in three different versions, each affiliated with a distinct network: Visa, MasterCard, and American Express.
2. Earn reward points on every transaction, even those related to insurance, and enjoy milestone perks along with discounts on movie tickets and dining experiences.
3. Key features:
   • 2 Reward Points for every Rs. 100 spent (excluding fuel transactions).
   • 1 Reward Point for every Rs. 100 spent on utilities and insurance.
   • Enjoy a 25% discount, capped at Rs. 100, when purchasing 2 movie tickets.
   • 15% discount on dining bills at 2500+ partnered restaurants through ICICI Bank Culinary Treats Program.
   • 1 complimentary access to domestic airport lounges with a minimum spend of Rs. 5,000 in the previous quarter.
   • 1 complimentary access per quarter to railway lounges in India.
   • Milestone benefits: 2,000 reward points for Rs. 2 Lakhs spent in an anniversary year, and 1,000 reward points for every additional Rs. 1 Lakh spent.
   • Fuel surcharge waiver: 1% on transactions up to Rs. 4,000 at HPCL fuel stations.
4. Renewal fee: Rs. 500, waived with spending above Rs. 1.5 Lakhs in an anniversary year.
5. Reward points are versatile in their usage, offering the flexibility to be exchanged for a diverse range of products available on the website or converted into cash at a fixed rate of Rs. 0.25 per Reward Point.

Comparison between MakeMyTrip ICICI Bank Platinum Credit Card and ICICI Bank Coral Credit Card

MakeMyTrip ICICI Bank Platinum Credit Card:

1. Reward Rate:
   • Rs. 3 My Cash for every Rs. 200 spent on hotel and holiday booking on MMT.
   • Rs. 2 My Cash for every Rs. 200 spent on flight booking on MMT.
   • You earn Rs. 1.25 in My Cash for every Rs. 200 you spend on international purchases, excluding transactions made through MMT.
   • Re. 1 MY Cash for every Rs. 200 spent on domestic spends outside MMT.
   • Earn 2 Reward Points for each Rs. 100 spent on all purchases, excluding fuel transactions.
   • 1 Reward Point for every Rs. 100 spent on utilities and insurance spends.
2. Reward Redemption:
   • This voucher is usable for reserving flights, accommodations, and vacation packages through MakeMyTrip.
   • 1 My Cash = Re. 1.
   • You can utilize it to obtain a variety of items and vouchers offered on the website.
   • Can be redeemed against cash as well.
   • 1 Reward Point = Re. 0.25.
3. Fuel Surcharge Waiver:
   • 1% on a maximum transaction of Rs. 4,000.
   • Applicable only on HPCL fuel stations.
4. Welcome Benefits:
   • Rs. 500 My Cash.
   • MakeMyTrip holiday voucher worth Rs. 3,000.
5. Milestone Benefit:
   • Rs. 1,000 My Cash on spending of Rs. 2.5 Lakhs in an anniversary year.
   • Additional 1,000 Reward Points on every Rs. 1 Lakh spent thereafter in an anniversary year.
6. Domestic Lounge Access:
   • You’ll receive one free entry to a domestic lounge each quarter by simply spending Rs. 5,000 in the preceding calendar quarter.
7. Railway Lounge Access:
   • 1 complimentary lounge access in a quarter.
8. Dining Benefits:
   • Exclusive discounts at the partnered restaurants.
9. Movie Benefits:
   • Get a 25% discount, capped at Rs. 100, when you purchase two movie tickets in one transaction through BookMyShow or INOX. This offer is valid for a maximum of two transactions per month.
10. Fees:
    • Joining Fee: Rs. 500 + Taxes.
    • Renewal Fees: NA.
11. Eligibility:
    • The candidate must reside within the borders of India.
    • This card is available for individuals aged 21 to 65, regardless of whether they are employed on a salary or are self-employed.
    • The candidate must possess a satisfactory credit rating.
    • The candidate must possess a consistent and reliable income stream.

ICICI Bank Coral Credit Card:

1. Reward Rate:
   • Earn 2 Reward Points for every Rs. 100 you spend on all purchases excluding fuel transactions.
   • 1 Reward Point for every Rs. 100 spent on utilities and insurance spends.
2. Reward Redemption:
   • This credit can be utilized for various products and vouchers offered on the website.
   • Can be redeemed against cash as well.
   • 1 Reward Point = Re. 0.25.
3. Fuel Surcharge Waiver:
   • 1% on a maximum transaction of Rs. 4,000.
   • Applicable only on HPCL fuel stations.
4. Welcome Benefits:
   • NA.
5. Milestone Benefit:
   • In an anniversary year, you earn Rs. 1,000 in My Cash when you spend Rs. 50,000 on booking flights, hotels, and holidays through MakeMyTrip.
   • Earn 2,000 Reward points by making purchases totaling Rs. 2 Lakhs or above within a single anniversary year.
   • Additional 1,000 Reward Points on every Rs. 1 Lakh spent thereafter in an anniversary year.
6. Domestic Lounge Access:
   • 1 complimentary domestic lounge visit in each quarter on a minimum spend of Rs 5000 in the previous calendar quarter.
7. Railway Lounge Access:
   • 1 complimentary lounge access in a quarter.
8. Dining Benefits:
   • 15% off at the 2500+ partnered restaurants.
9. Movie Benefits:
   • You’re eligible for a 25% discount, capped at Rs. 100, when you book movie tickets through BookMyShow and INOX twice every month.
10. Fees:
    • Joining Fee: Rs. 500 + Taxes.
    • Renewal charges amount to Rs. 500 along with applicable taxes. However, if your expenditure in the previous year amounts to Rs. 1.5 Lakhs or above, you may qualify for exemption from these fees.
11. Eligibility:
    • The individual applying needs to reside in India.
    • This document is applicable to individuals aged 23 to 65, encompassing both those employed under a salary and those who are self-employed.
    • The candidate must possess an annual income of at least Rs. 5 Lakhs.

Which credit card suits you best?

1. Gain travel rewards by accruing points through your everyday purchases, with additional points awarded for MakeMyTrip travel-related expenditures across their website, mobile platform, and app.
2. Lounge Access: Cardholders enjoy complimentary access to domestic airport and railway lounges in India.
3. Entertainment Discounts: Avail discounts on movie bookings through BookMyShow and INOX.
4. Dining Benefits: Enjoy discounts on dining bills at participating establishments.
5. Fuel Surcharge Waiver: Benefit from a fuel surcharge waiver on transactions at HPCL fuel stations.
6. Milestone Benefits: Additional My cash in the form of milestone benefits for cardholders.
7. Joining Fee: The joining fee for this credit card is Rs. 500.

ICICI Bank Coral Credit Card:

1. Basic Credit Card: Despite being a basic card, the ICICI Bank Coral Credit Card remains popular due to its features.
2. Reward Structure: Offers a decent reward structure, providing points across various spending categories.
3. Lounge Access: Cardholders enjoy complimentary access to domestic airport and railway lounges.
4. Milestone Benefits: Provides milestone benefits, movie discounts, dining benefits, etc.
5. Joining and Renewal Fee: The membership card entails a fee of Rs. 500 for both joining and renewing, which may be waived depending on the amount spent annually.

Choosing the Right Card:

1. MakeMyTrip ICICI Bank Platinum Credit Card suits frequent travelers.
2. Cardholders should analyze their spending patterns and assess the benefits to choose the most suitable option.

Frequently Asked Questions (FAQs)

1. What sets apart the MakeMyTrip ICICI Bank Platinum Credit Card from the ICICI Bank Coral Credit Card?

The MakeMyTrip ICICI Bank Platinum Credit Card specializes in travel perks, granting accelerated rewards for travel expenses, access to airport lounges, and discounts on movie tickets. In contrast, the ICICI Bank Coral Credit Card is a simpler option with rewards distributed across different spending categories, catering to a wider range of needs beyond just travel.

2. What are the contrasting ways in which the reward systems vary between the two cards?

The MakeMyTrip ICICI Bank Platinum Credit Card focuses primarily on rewarding travel expenses, providing bonus points for transactions made on MakeMyTrip. Conversely, the ICICI Bank Coral Credit Card provides a diverse reward system that spans various spending categories, offering decent incentives across the board.

3. What are the travel perks provided by the MakeMyTrip ICICI Bank Platinum Credit Card?

The MakeMyTrip card offers travelers a great perk: free access to domestic airport lounges and railway lounges across India, perfect for those who travel often. On top of that, cardholders get special discounts when booking movies through both BookMyShow and INOX, making entertainment experiences even more enjoyable.

4. Are there any dining benefits associated with these credit cards?

Certainly! Each card provides dining advantages, but in distinct ways. With the MakeMyTrip ICICI Bank Platinum Credit Card, you receive discounts on dining expenses. Conversely, the ICICI Bank Coral Credit Card integrates dining benefits within its broader rewards framework.

5. What is the annual fee for these credit cards?

The MakeMyTrip ICICI Bank Platinum Credit Card requires a Rs. 500 joining fee. Similarly, the ICICI Bank Coral Credit Card entails both a joining and renewal fee of Rs. 500, though these charges can potentially be waived depending on yearly expenditures.

6. Can the joining or renewal fee be waived for ICICI Bank Coral Credit Card?

Certainly! The annual membership and renewal charges for the ICICI Bank Coral Credit Card may be exempted depending on the total expenditure throughout the anniversary year.

7. Which card is better for frequent travelers?

The MakeMyTrip ICICI Bank Platinum Credit Card caters specifically to frequent travelers, offering an array of travel-focused perks. These include boosted rewards on travel expenditures and free access to airport lounges, making it an ideal choice for those who frequently find themselves on the go.

8. How can I decide which card is right for me?

To choose between the two cards, take a close look at how you typically spend your money. If you find yourself traveling often, the MakeMyTrip card could be a better fit for you. Consider the perks, bonuses, and yearly charges carefully to ensure you’re making a decision that aligns with your personal preferences and daily habits.

9. Are there any milestone benefits associated with these credit cards?

Each card presents unique milestone advantages. With the MakeMyTrip ICICI Bank Platinum Credit Card, cardholders receive added My cash through milestone benefits. Meanwhile, the ICICI Bank Coral Credit Card also incorporates milestone perks, enriching the overall experience for cardholders.

10. Can I switch between these credit cards if my spending patterns change?

Certainly, you have the flexibility to switch between these credit cards depending on how your spending habits change over time. Nonetheless, it’s wise to carefully examine the terms, conditions, and potential fees linked with each card before deciding to switch.