ICICI Bank Coral Credit Card

With the ICICI Bank Coral Credit Card, you have the opportunity to accumulate as many as 10,000 payback points annually. Furthermore, you’ll relish the added benefit of complimentary access to airport and railway lounges, along with enticing movie ticket deals. Moreover, this card enables you to enjoy substantial savings of at least 15% at over 2500 restaurants across India.

The Gemstone Collection, introduced by ICICI Bank, boasts a selection of top-tier credit cards. Among the five distinct variants in this series, the ICICI Bank Coral Credit Card stands out as one that’s meticulously crafted to offer a plethora of exclusive discounts and privileges to its valued cardholders.

Key Highlights of ICICI Bank Coral Credit Card

Certainly, here are some noteworthy advantages of the ICICI Coral Credit Card:

  • The card boasts a reasonable annual fee of ₹500.
  • Cardholders can enjoy a thrilling ‘Buy 1 and Get 1 Free’ offer at INOX Cinemas.
  • Dine out with up to a 15% discount at participating restaurants.
  • Earn 2 PAYBACK points for every ₹100 spent using the card.
  • Benefit from complimentary access to airport and railway lounges.
  • Receive complimentary BookMyShow tickets each month.
  • Save on fuel costs with a 1% surcharge waiver at HPCL petrol stations.

Features and Benefits of ICICI Bank Coral Credit Card

Here are some of the benefits associated with the ICICI Coral Credit Card:

  1. Reward Points: This card allows you to accumulate reward points with every eligible transaction. You earn 2 reward points for every Rs. 100 spent and 1 reward point for every Rs. 100 spent on utilities and insurance.
  2. Movie Tickets: Cardholders can enjoy a 25% discount on BookMyShow and Inox bookings, up to Rs. 100, when purchasing a minimum of 2 movie tickets per transaction. This offer can be availed twice a month.
  3. Fuel Surcharge Waiver: You can take advantage of a 1% fuel surcharge waiver at Hindustan Petroleum Corporation Limited Pumps.
  4. Lounge Access: For travel enthusiasts, the ICICI Coral Credit Card provides access to domestic railway lounges in India, with one complimentary access granted each quarter. To qualify for this benefit in the next calendar quarter, a minimum spending of Rs. 5,000 or more in a calendar quarter is required.
  5. Milestone Reward Program: Spending Rs. 2 lakh with the card earns you 2,000 reward points, and an additional 1,000 reward points are granted for spending Rs. 1 lakh.
  6. Annual Fee Waiver: If you spend over Rs. 1.5 lakh with your Coral credit card, the annual fee of Rs. 500 will be waived.
  7. Dining Discounts: The ICICI Coral Credit Card offers exclusive dining discounts through the ICICI Bank Culinary Treats Programme.
  8. Chip and Pin Security: This credit card is equipped with an embedded microchip and a Personal Identification Number (PIN) to enhance security, ensuring that the card’s data cannot be duplicated or misused for fraudulent purposes.

ICICI Bank Coral Credit Card Fees and Charges

The ICICI Coral credit card comes with the following fee and charge structure:

Joining Fee It amounts to Rs. 500.
Annual Charges There is an annual fee of Rs. 500.
Interest Rate/Finance Charges The monthly interest rate is 3.40%, which translates to an annual rate of 40.80%.
Late Payment Charges

The late payment charges are as follows:

  • No charges for amounts less than Rs. 100.
  • For outstanding amounts between Rs. 100 and Rs. 500, a fee of Rs. 100 is applicable.
  • For balances ranging from Rs. 501 to Rs. 5,000, a fee of Rs. 500 is levied.
  • If the outstanding balance falls within the range of Rs. 5,001 to Rs. 10,000, a fee of Rs. 750 is imposed.
  • For amounts between Rs. 10,001 and Rs. 25,000, the late payment charge is Rs. 900.
  • Balances ranging from Rs. 25,001 to Rs. 50,000 incur a late payment charge of Rs. 1,000.
  • Any outstanding amount exceeding Rs. 50,000 results in a late payment charge of Rs. 1,200.

ICICI Bank Coral Credit Card Eligibility

Certainly, here are the key requirements for the ICICI Bank Coral Credit Card eligibility presented in a bulleted format:

  • Primary cardholder: Age must be 23 years or older.
  • Supplementary cardholders: Age must be 18 years or older.
  • Primary cardholder’s net income as per the Income Tax Return (ITR) must be a minimum of Rs 5 lakhs.

Documents Required for ICICI Bank Coral Credit Card

When applying for the ICICI Bank Coral Credit Card, you need to provide the following documents:

  • Proof of address, which can be any of the following: Aadhar Card, Driving Licence, Passport, or utility bills.
  • Proof of income, such as salary stubs or the most recent Income Tax Return (ITR).
  • Identification documents, including options like Voter ID, Aadhar Card, PAN Card, Passport, and more.

How to apply for ICICI Bank Coral Credit Card ?

Here are the steps to apply for the ICICI Coral credit card in a concise format:

  • Go to the ICICI website and navigate to ‘Products’ and then ‘Credit Card’ in the drop-down menu.
  • Choose your income as ‘greater than ₹5 Lakhs’.
  • Click ‘Apply Now’ next to the ICICI Coral credit card image.
  • Complete the application form and submit it.
  • Monitor your application status online or contact the bank via the toll-free number.
  • Alternatively, you can visit your nearest bank branch and complete the application form in person.

Frequently Asked Questions (FAQs)

1. What is the ICICI Bank Coral Credit Card?

The ICICI Bank Coral Credit Card is a premium credit card offering various benefits and privileges. It is designed to provide cardholders with exclusive rewards, lifestyle benefits, and enhanced security features.

2. How can I apply for the ICICI Bank Coral Credit Card?

You can apply for the ICICI Bank Coral Credit Card online through the official ICICI Bank website or by visiting a nearby ICICI Bank branch. The application process typically involves filling out an online form and submitting the required documents.

3. What are the key features of the ICICI Bank Coral Credit Card?

The ICICI Bank Coral Credit Card offers features such as accelerated reward points, complimentary airport lounge access, discounts on dining and movie tickets, fuel surcharge waivers, and exclusive lifestyle privileges.

4. What is the reward points program associated with the Coral Credit Card?

The card typically comes with a reward points program where you earn points for every eligible transaction. These points can be redeemed for a variety of rewards, including merchandise, gift vouchers, and more.

5. Are there any annual fees for the ICICI Bank Coral Credit Card?

ICICI Bank may charge an annual fee for the Coral Credit Card. However, some cards may offer a waiver on the annual fee based on spending criteria or promotional offers. It’s advisable to check the current terms and conditions.

6. How does the complimentary airport lounge access work?

The ICICI Bank Coral Credit Card often provides complimentary access to airport lounges. Cardholders can enjoy this benefit a certain number of times per year. The access is usually applicable to both domestic and international lounges.

7. Can I convert my large purchases into EMI on the Coral Credit Card?

Yes, ICICI Bank Coral Credit Cardholders can convert their significant purchases into easy monthly installments (EMIs). This feature is subject to terms and conditions, and interest rates may apply.

8. Is there a fuel surcharge waiver on the ICICI Bank Coral Credit Card?

Yes, the Coral Credit Card often comes with a fuel surcharge waiver at participating fuel stations. This can help cardholders save on fuel expenses.

9. How do I check my ICICI Bank Coral Credit Card statement online?

Cardholders can easily access their credit card statements online through the official ICICI Bank internet banking portal. Statements are also sent to the registered email address.

10. What should I do if my ICICI Bank Coral Credit Card is lost or stolen?

In case of loss or theft, it is crucial to immediately report the incident to ICICI Bank’s customer care helpline. The card will be blocked to prevent unauthorized usage, and a replacement card may be issued.