By Shubham Sharma
Updated On October 15, 2021

Issued by the ICICI Bank, the ICICI Coral Credit Card comes with exclusive rewards and offers around dining, entertainment, and travel for its customers. The card is offered in three variants: Visa, Mastercard, and AmEx, from which you have the independence to choose one for yourself. With this card, you can earn up to 4 PAYBACK Points on every Rs. 100 you spend and these points are redeemable against an array of categories & products. The Coral credit card also provides you with an opportunity to earn up to 10,000 bonus PAYBACK Points every year under its milestone program.

Not only this, but you also get exciting discount offers on movie tickets on Inox & BookMyShow.  Keeping your travel-related requirements in mind, the card provides complimentary domestic airport and railway lounge access every quarter. The list of the benefits of the ICICI Bank Coral Credit Card goes on. Keep reading to get more information:

Best Suited For

Movies | Dining |

Joining Fee

Rs 500 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • 4 PAYBACK Points on every Rs. 100 you spend online through the AmEx variant.
  • Up to 2 PAYBACK Points on every Rs. 100 you spend on Visa/Mastercard variant.
  • Earn up to 10,000 bonus PAYBACK Points every year under the Milestone Program.
  • Get 1 complimentary domestic lounge access every quarter.
  • Get 1 complimentary railway lounge access every quarter.
  • Enjoy up to 25% discount on movie ticket booking on BookMyShow and INOX.
  • You get exclusive dining deals through ICICI Bank Culinary Treats Programme using ICICI Bank Coral credit card
  • 1% surcharge fee waiver on fuel transactions at all HPCL fuel stations across India.

Rewards and Benefits

Welcome Benefits

N/A

Movie & Dining

You get a 25% discount of up to Rs. 100 on movie ticket booking on BookMyShow and INOX two times a month. Get up to 15% discount on dining.

Rewards Rate

1 PAYBACK Point on every Rs. 100 spent on utilities & insurance related spends, 2 PAYBACK Points on every Rs. 100 spent elsewhere, and 4 PAYBACK Points on every Rs. 100 spent online on the AmEx variant.

Reward Redemption

The PAYBACK Points you earn can be redeemed against an array of categories, and products available at Payback website at a rate of 1 PAYBACK Point = Re. 0.25.

Travel

You get complimentary airport and railway lounge access every quarter.

Golf

N/A

Domestic Lounge Access

1 complimentary domestic lounge access in each quarter on a minimum spend of Rs 5000 in the previous calendar quarter.

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

The bank provides protection to its customer in case of loss or theft of credit card if reported within a stipulated time provided by the bank.

Fees & Charges

Joining Fee

Rs 500 (plus applicable taxes)

Renewal Fee

Rs 500 (plus applicable taxes)

Spend based Waiver

You get a spend-based waiver in case the annual spend is more than 1,50,000 in the previous year.

Rewards Redemption Fee

Catalogue Based Redemptions – Rs 99/- per request
PAYBACK Online Partner Brands accept online and in-store redemptions – Rs 25/- per request

Rewards Redemption Fee

Catalogue Based Redemptions – Rs 99/- per request
PAYBACK Online Partner Brands accept online and in-store redemptions – Rs 25/- per request

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.4% per month (40.80% per annum)

Fuel Surcharge

You get a fuel surcharge waiver of 1% across all HPCL petrol stations in India. This offer valid for transaction up to Rs 4,000/-

Cash Advance Charge

2.5% of the transaction amount or subject to a minimum fee of Rs.300

Add-on Card Fee

Nil

ICICI Bank Coral Credit Card Rewards

  • You earn 2 PAYBACK Points for every Rs 100 spent, except fuel.
  • You earn 1 PAYBACK point for every Rs 100 spent on utilities and insurance.
  • You earn 4 PAYBACK Points on every Rs. 100 you spend on online purchases with the AmEx variant.

Reward Redemption

  • 1 payback point = Rs 0.25 and these points can be redeemed for cash or a gift.
  • Gift Rewards can be redeemed by logging into your ICICI Bank Netbanking account and clicking on the reward redemption link after which you will be redirected to the Payback website, where you can choose to redeem rewards from a wide range of products and services.
  • Cash rewards can be redeemed by calling the PAYBACK customer care number (1860 258 5000) and the amount will be credited to your account within 7 days.

Milestone Benefit

You get 2,000 PAYBACK points on achieving a spend of Rs 2 lacs, and you get 1,000 bonus PAYBACK Points every time you achieve a spend of Rs. 1,00,000 within an anniversary year after that. The maximum bonus PAYBACK Points you can earn every year are capped at 10,000 Points per year.

Travel Benefits

  • Enjoy 1 complimentary airport lounge access every quarter on a minimum spend of Rs 5000 in the previous calendar quarter with ICICI Bank Coral credit card.
  • 1 complimentary railway lounge access every quarter to railway lounges in India.

Dining Benefits

ICICI Bank’s Culinary Treats Programme brings you special offers at their partner dining establishments near you. With the card, you can get a discount of 15% or more on dining at over 2,500 premium restaurants, including TGI Fridays, Café Coffee Day, Pizza Hut, Mainland China, Vaango, and others.

Entertainment Benefits

  • You get a 25% discount or Rs. 100 off (whichever is lower) on buying a minimum of 2 movie tickets on BookMyShow and INOX.
  • This offer can be availed twice a month only and is subject to the availability of the seats.

Joining/Renewal fee waiver

You get a renewal fee waiver of Rs 500/-  on annual spending of Rs 1.5 lacs or more in the previous year.

Fuel Surcharge Waiver

  • You get a fuel surcharge waiver of 1% across all HPCL petrol stations in India.
  • This offer is valid for transactions up to Rs 4,000.

Eligibility Criteria and Documentation

  • In the case of Primary cardholder, the age must be 23 years or more
  • In the case of supplementary cardholder, the age must be 18 years or more
  • The net income as per the ITR in the case of the primary cardholder must be Rs 5 lacs
  • Documentation required is proof of address (Aadhar Card, Driving License, Passport) and proof of income (salary slips)

Conclusion

If you are an outgoing person who likes to spend on movies and food, the ICICI Bank Coral Credit Card might be the right choice for you. You can roughly save up to Rs 2,400 on movie tickets assuming the cost of movie tickets is Rs 400 per ticket if the offer is availed twice a month with this card. You can also save up to Rs 1,425 in cash rewards on annual spending of Rs 3 Lacs. Moreover, the card also comes with lounge access which makes it a better option when compared to its counterpart ICICI Platinum Credit Card. ICICI Coral credit card helps you save money on your regular spending. Moreover, other benefits like fuel surcharge waiver, discount on dining, annual fee waiver, etc, can not be ignored as all these features make it even more reasonable for you to try this card once.

FAQs:

You can redeem your payback points by Payback points by logging into your ICICI net banking account and clicking the redemption link. and you will be directed to the PAYBACK India website where you can redeem your payback points.

Yes, ICICI Bank does provide a protection cover to its customers in case of loss or theft if it is reported with a stipulated time period.

The excess amount appears on your monthly bank statement and is deducted from future purchases.

Interest charge on the ICICI Bank coral credit is  40.80% per annum ( 3.4% per month)

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