ICICI Coral Credit Card Review: Features, Benefits, and Insights

The ICICI Coral Credit Card is a popular offering from ICICI Bank, catering to diverse lifestyle needs at an affordable cost. Recently, the card has been introduced in the RuPay network, enabling seamless integration with UPI for added convenience. Here's a comprehensive review covering its features, benefits, fees, and customer experiences.

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Main Highlight: Coral on RuPay Network

The Coral Credit Card on RuPay offers a significant edge:

• Link with UPI: Make UPI merchant payments effortlessly by linking the card with UPI apps.
• Worldwide Acceptance: Accepted at numerous merchants globally.
• Rewards on UPI Payments: Earn rewards for UPI transactions, similar to card payments.

1. Key Features and Benefits

a. Reward Points

• Regular Rewards: Earn 2 reward points for every ₹100 spent on retail purchases (excluding fuel).
• Accelerated Rewards: Get 1 reward point for every ₹100 spent on utilities and insurance categories.
• Bonus Points: Earn 2x reward points on dining, groceries, and select partner outlets.

Note: As of February 5, 2024, transactions for rent payments and e-wallet loading do not earn reward points.

Milestone Rewards:

• Spend ₹2,00,000 in a year to earn 2,000 reward points.
• Additional 1,000 reward points on crossing ₹1,00,000 in spending.

Cap: Maximum of 10,000 bonus reward points annually.
Value of Points: Each reward point is valued at ₹0.25.

b. Dining Benefits

• Up to 15% savings at over 2,500 restaurants under the ICICI Culinary Treats Program.
• Eligible only for orders exceeding ₹2,500.

c. Lounge Access

• Airport Lounges: One complimentary domestic lounge access per quarter with minimum spending of ₹35,000 in the previous quarter.
• Railway Lounges: Complimentary access to select railway lounges every quarter.

Important Links:

• Airport Lounge Access List- Click Here
• Railway Lounge Program Details- Click Here

d. Entertainment Offers

• Movie Discounts: Visa/Mastercard/Rupay Network
  • 25% off on BookMyShow and Inox.
  • Maximum discount of ₹100 per transaction (minimum two tickets).
  • Offer can be availed twice a month, subject to ticket availability(first-come-first-server).
• American Express Network: Cashback credited within 60 days instead of upfront discounts for Movie Booking.

e. Fuel Surcharge Waiver

• 1% fuel surcharge waiver on transactions up to ₹4,000 at HPCL pumps (only valid via ICICI swipe machines).

f. Contactless Payments

• Make secure, tap-to-pay transactions with the contactless feature.

2. Fees and Charges

• Annual Fee: ₹500 + GST (waived on spending ₹1,50,000 annually).
• Interest Rate: 3.40% per month (40.8% annually).
• Cash Advance Fee: 2.5% or ₹300, whichever is higher.
• Foreign Markup: 3.5% + GST (~4.13%).
• Rent Payment Fee: 1% + GST (~1.18%).
• Reward Redemption Fee: ₹99 + GST (~₹117).

3. Eligibility Criteria

• Age:
  • Primary cardholder: 23–60 years.
  • Add-on cardholder: Minimum 18 years.
• Income: Specific criteria vary for salaried and self-employed applicants.

4. Additional Benefits

• Concierge Services: 24x7 support for dining reservations, hotel bookings, and more.
• International Usage: Supports global transactions with a forex markup of 3.50%.
• EMI Conversion: Convert eligible purchases into easy EMIs.

5. Pros and Cons

Pros:

• Generous rewards for dining, groceries, and select partners.
• Free movie tickets and lounge access add value for frequent travelers.
• Affordable annual fee with a waiver option.

Cons:

• Higher forex markup compared to some premium cards.
• Limited international lounge access.

6. Pro Tips

• Use RuPay Coral LTF for UPI rewards, railway lounges, and 10% offers.
• Ensure timely application follow-ups to avoid delays in approval.

7. Conclusion

The ICICI Coral Credit Card strikes a balance between affordability and lifestyle perks, making it ideal for casual spenders and domestic travelers. With rewards on UPI, dining, and entertainment, it caters well to daily spending needs.

If you're looking for premium travel benefits or lower forex fees, consider exploring other high-tier cards. For a low-fee, feature-rich experience, the Coral Credit Card is a solid choice.