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ICICI Bank Coral Credit Card
★★★★☆(4.5)We get it. Managing a credit card can be a pain in the brain. Top it off with the weird processes of redeeming those rewards; anyone would scream, "I'm out!" before even getting a card. But you see, that's not the case with ICICI Bank Coral Credit Card. With just a nominal fee of ₹500, you can earn a reward rate of 0.5%. That means for every ₹100 you spend, you get 2 reward points (except on fuel) and 1 reward point for every ₹100 spent on utilities and insurance. And that's not all! You also get free access to airport lounges, discounts on movie tickets, exclusive offers on dining and much more. Read on to learn more.
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
₹500Annual Fee
₹500Annual Percentage Rate
40.80%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
2.50%Cash Advance Limit
20%Card Replacement Fee
₹100Foreign Transaction Fee
3.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹0.25Balance more than ₹50000
₹1200Pros
Aspects that make this credit card amazing.
- ⮚Provides 1% Fuel surcharge waiver.
- ⮚1 complimentary access to select railway lounges in India each quarter.
- ⮚Offers from luxury hotels, restaurants, lifestyle stores, spas, and more.
- ⮚Reward points can be redeemed for cash or gifts.
Cons
Aspects this credit card lacks.
- ⮚Entertainment benefit is available only twice a month on a credit card.
- ⮚No reward points on using the card for refueling.
ICICI Bank Coral Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
The ICICI Coral Contactless Credit Card is designed for individuals who are new to credit and looking for a low-maintenance credit card to help boost their credit score. The card offers a decent reward rate, which means you can earn rewards on your everyday spending. Additionally, you get access to exclusive lounges and movie benefits, making it a perfect choice for those who enjoy watching movies or travelling. The annual fee of only ₹500 is quite affordable, making it accessible to a wide range of people. However, if you are looking for a credit card with a higher reward rate or more extensive benefits in specific categories, you may want to consider other options. Overall, the ICICI Coral Credit Card is an ideal choice for individuals who want a simple and affordable way to build their credit history and enjoy some additional perks.
Overview
| Best For | Reward Points |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST from 2nd year onwards - waived off if the user spends more than ₹1,50,000 in the previous year. |
| Card Type | Reward Points |
| Card Network | Visa and Mastercard |
ICICI Bank Coral Credit Card Maximum Cashback
| Spend Category | Reward Points (per ₹100 spent) |
|---|---|
| Domestic spending (except fuel) | 2 |
| Utilities and insurance categories | 1 |
Who should get an ICICI Bank Coral Credit Card?
The ICICI Bank Coral Credit Card is a good option for the following people:
Though the card offers benefits across rewards, airport lounges, and movies, the benefits are scattered yet very limited. In conclusion, if you are looking for an entry-level credit card with a low annual fee and some decent benefits, the ICICI Coral Credit Card is a good option. However, if you are looking for a card with the best rewards program or the most benefits, there are other options available. Here are some other credit cards to consider:
Ultimately, the best credit card for you will depend on your individual needs and spending habits. Be sure to compare different credit cards before you apply to find one that is the best fit for you.
How to Apply for an ICICI Bank Coral Credit Card?
To apply for ICICI Coral Credit Card, the potential cardholder must meet the basic eligibility requirements set by the bank in this regard. The parameters include age, location, occupation, income, etc. The criteria may vary from one card to another. If the user meets the basic criteria and the application goes through the next level of screening; the bank will evaluate the applicant’s profile based on his/her credit profile, payment history, etc.
1. Apply for an ICICI Bank Coral Credit Card Online
- Interested applicants can either visit a nearby branch or apply online for ICICI Coral Credit Card from the bank’s website in the following steps.
- Visit the ICICI bank’s official website.
- Under the ‘Cards’ section, click on the option ‘Credit Cards.’
- Under 'Special Credit Card' section you will find ‘ICICI Coral Credit Card’.
- Click on “Apply Now” under the card description.
- The website visitors will reach the page “Get your Credit Card in 4 Simple Steps” written on the top.
- Enter the mobile number, followed by email address and PAN no.
- Fill in all the required details and upload the required documents in order to complete the process.
ICICI Bank Coral Credit Card Eligibility
Applicants must be at least 18 years of age and have a steady source of income to be eligible for a credit card.
Documents Required
- Proof of identity: Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Proof of Income - Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.