Having a credit card in the 21st century is necessary as it offers comfort and offers benefits. The ICICI Coral Credit Card is a good choice for people who want to earn rewards without spending a lot. It has a low annual fee of just ₹500 plus taxes, making it accessible to more users. This is better than the premium Rubyx and Sapphiro cards, which have high fees.
What sets the Coral Credit Card apart are its impressive features. This card rewards you with points for everyday purchases and offers discounts on dining and entertainment. It is designed to match your lifestyle. If you’re a graduate of select colleges, you might even be eligible for a lifetime-free version under the Alumni Program. This card comes in three variants: RuPay, Visa and Mastercard.
With travel perks and adaptable options for add-on cardholders, the ICICI Coral Credit Card truly serves diverse needs. If you’re looking for a credit card that combines value and advantages, look no further than the ICICI Coral Credit Card, a smart choice for regular spenders in India.
Reward Program
Cardholders earn 2 Reward Points for every ₹100 spent on eligible transactions and 1 Reward Point for utilities and insurance coverage, which can be redeemed for gifts, vouchers, and much more. This program encourages you to spend money while helping you earn rewards from your everyday purchases.
Let’s say you use your ICICI Coral Credit Card to buy groceries worth ₹2,000. Since groceries are an eligible transaction, you would earn 40 Reward Points for that purchase (2 Reward Points for every ₹100 spent). That’s 2% in rewards from your grocery shopping.
Low Annual Fee
Compared to other credit cards, the ICICI Coral Credit Card comes with a relatively low annual fee of ₹500 plus taxes. This option is a great choice for people who want the advantages of a credit card without paying high joining fees. This fee can be waived with the annual fee by spending ₹1.5 lakh, which means that diligent users can enjoy the card’s perks without incurring extra costs.
Benefits of Entertainment and Dining
For foodies and movie lovers, the ICICI Coral Credit Card offers discounts on dining and entertainment purchases. If you’re dining at a fine restaurant, users can enjoy a 15% discount through ICICI Bank’s Culinary Treats Programme. For a night out at the movies, cardholders can receive 25% off up to ₹100 twice every month via BookMyShow.
Travel Benefits
For those who love to travel, the ICICI Coral Credit Card includes some travel-related perks. These consist of complimentary airport lounge access for domestic travels once every quarter on spending ₹75,000 in the previous quarter and even railway lounge access for free quarterly. Such benefits are not provided to cards with low annual fees, making the Coral card a preferred choice for many.
Coral Credit Cards Lifetime-Free Under Alumni Program
ICICI Bank has a special program for graduates from top colleges called the Alumni Program. If you have completed your education at one of these colleges, you can get the ICICI Coral Credit Card for free, and it won’t cost you any annual fees for a lifetime.
Eligible colleges include prestigious institutions like ICAI, BMS College of Architecture, School of Planning and Architecture, Aligarh Muslim University (Architecture), College of Engineering Trivandrum (Architecture), and Jamia Millia Islamia (Architecture). The Coral Credit Card comes with great benefits, such as earning Reward Points, travel perks, and discounts on movies and dining. If you are a graduate of a recognized college, you can apply for this card hassle-free.
Benefits of Applying for Coral Credit Cards
- Milestone Rewards: Offers milestone rewards where you can earn up to 10,000 bonus points each year based on your spending. You earn 2,000 points for spending ₹2 lakh and 1,000 points for spending ₹1 lakh within the anniversary year.
- Annual Fee Waiver: If you spend ₹1.5 lakh or more in a year, you can get the renewal fee waived.
- Add-On Card Options: The Coral Credit Card offers add-on card options, allowing primary cardholders to share their benefits with family members, helping them to manage expenses together while earning rewards on all purchases.
- Eligibility Criteria: The eligibility criteria are reasonable, making it accessible for many. Primary cardholders must be at least 23 years old, whereas the add-on cardholders must be 18 years old.
- Low Interest Rates: The interest rate stands at 3.4% per month (40.80% per annum), which is relatively competitive compared to other credit cards, reducing the cost of borrowing.
- Cash Advance Facilities: You can access cash advances with a fee of 2.5% of the transaction amount, allowing you some flexibility in case of emergencies.
Bottom Line
The ICICI Coral Credit Card should be opted for by students or people who want to build their credit score and are looking for benefits at a low price. With an annual fee of only ₹500 plus taxes and multiple benefits, including dining discounts, travel perks, and a rewarding points system, it offers considerable advantages for an entry-level card if compared to premium cards like Rubyx and Sapphiro. While these higher-end cards involve larger fees and stricter requirements, the Coral card delivers valuable benefits without financial strain. Its unique alumni program presents a lifetime-free option for graduates from certain colleges, boosting its appeal as an alternative.