ICICI Coral Credit Card Review

ICICI Bank launched the Gemstone Collection which offers an assortment of premiere credit cards. ICICI Coral Credit Card is available as part of this series. This card is a must have for those looking for benefits on their lifestyle as well as travel expenses.ICICI Coral Credit Card Review

Important Feature of ICICI Coral Credit Card

  • Joining Fee: Rs. 500 + GST
  • Annual Fee: Rs. 500 + GST
  • Foreign Exchange Markup fee: 3.5% + GST

Benefits of ICICI Coral Credit Card:

  • Annual fee savings: The annual fees are waived off in case you spend Rs. 1,25,000 or more in the previous year.

BookMyShow/Inox Offer

Buy 1 ticket and get the other ticket free any day of the week at BookMyShow  / INOX Movies.

Get up to 2 free tickets per month valued up to 250 per ticket.

Successful booking is on first come first serve basis and is subject to daily stock availability.

Culinary Treats

  • You can save a minimum of 15% on your dining bill at more than 2,500 participating restaurants spread all over the 12 major cities of India with the ICICI Bank Culinary Treats programme.
  • Participating restaurants are Café Coffee Day, Vaango, TGI Friday’s, Pizza Hut, Mainland China and others.
  • Customers can also get Rs. 250 as Cashback Offer who receives the communication such as SMS, Email or mobile notification regarding the same.

Savings on Fuel Purchases

  • A complete waiver of 1% on fuel surcharge every time you refuel.
  • The offer is valid at all HPCL pumps on a maximum spend of 4000 per transaction.
  • The reward points which you earn get collected with PAYBACK every month and can be easily redeemed for gifts or cash as per your choice.

Airport and Railway Lounge Access Privilege

  • Visa/MasterCard: 1 complimentary domestic airport lounge visit and 1 complimentary railway lounge visit per quarter. Click here for a complete list of lounges. Click here for FAQ’s on railway lounges.
  • Right of entry to Airport lounges as well as Railway lounges will be valid only for primary cardholders.

Reward points (RP)

  • Earn 2 PAYBACK Points on every Rs. 100 spent on your card except fuel.
  • Earn 1 PAYBACK Point on every Rs.100 spent on insurance and utilities categories.
  • You get 2000 PAYBACK Points on spending Rs. 2,00,000 on your card under the new ICICI Bank Milestone Rewards program.
  • You get 1000 PAYBACK Points every time you cross Rs. 1,00,000 spend next in an anniversary year; maximum of 10,000 PAYBACK Points per year.
  • The value of 1 Payback point is Rs.0.25.

Other Features of ICICI Coral Credit Card

  • MasterCard Moments/MasterCard Priceless™ Specials: It is a special program which is exclusively created for MasterCard cardholders. With this program the members are able to enjoy added benefits.
  • Visa: With incredible offers from VISA you get great offers from luxury hotels, lifestyle stores, restaurants, spas and more.
  • Secured transactions: The ICICI Coral Credit Card is modeled with a microchip which acts as an additional protection against malicious use of the credit card.

Illustration of Savings on ICICI Coral Credit Card

Let annual card transactions is of Rs.3,60,000 in a year.

  • 24 free movie tickets= Rs. 6,000
  • Rewards on transactions Rs.3,00,000= Rs. 1,425
  • Through ‘Culinary Treats’ 15% discounts on dining= Rs. 3,600
  • Rewards on achieving credit card Milestones= Rs. 750
  • Complimentary Airport Lounge access= Rs. 4,000
  • Complimentary access to Railway Lounge= Rs. 2,000
  • 1% waiver on fuel surcharge= Rs.600

Hence, your estimated savings in a year is Rs. 18,325.

Therefore, ICICI Coral Credit Card offers lots of rewards and benefits to the cardholders. As compare to ICICI Bank Platinum Chip Credit Card whose joining fee is only Rs. 199, this card’s joining fee is high, Rs. 500. So, you can choose credit card from these according to your choice or keeping in mind your budget.

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