ICICI Coral Credit Card Benefits has seen significant changes. These changes affect rewards, fees, and benefits across different card types. Now, cardholders need to meet new spending requirements for airport lounge access.
New limits on rewards for buying utilities, insurance, and groceries are also in place. Plus, there are extra fees for adding extra cardholders. The bank has also tweaked its fuel surcharge waiver scheme and added new fees for certain transactions.
Key Takeaways
- Reward points can still be earned on utility expenses up to Rs. 80,000 and insurance payments up to Rs. 80,000.
- Fuel surcharge exemptions apply to purchases up to Rs. 50,000 per month.
- Annual fee reversal criteria have changed from Rs. 15 lakh to Rs. 10 lakh per annum.
- Cardholders must now spend Rs. 75,000 in the previous quarter to qualify for complimentary airport lounge access.
- Utility payments over Rs. 50,000 and fuel transactions exceeding Rs. 10,000 will attract a 1% fee.
Overview of ICICI Coral Credit Card Variants
ICICI Bank is a top financial institution in India. They offer a variety of credit cards, including the ICICI Coral Credit Card. This card meets different customer needs with its unique benefits and features.
Available Card Types
- ICICI Coral Classic Credit Card
- ICICI Coral Platinum Credit Card
- ICICI Coral Signature Credit Card
Basic Eligibility Requirements
To get an ICICI Coral Credit Card, you need to meet specific criteria:
- Age between 21 and 65 years
- Stable income source
- Minimum credit score of 750
Annual Fee Structure
The ICICI Coral Credit Card family has different annual fees:
| Card Type | Annual Fee | Renewal Fee |
|---|---|---|
| ICICI Coral Classic | Rs. 499 + GST | Rs. 499 + GST |
| ICICI Coral Platinum | Rs. 2,500 + GST | Rs. 2,500 + GST |
| ICICI Coral Signature | Rs. 3,999 + GST | Rs. 3,999 + GST |
According to the bank’s rules, the annual fee might be waived if you spend a lot yearly.
ICICI Coral Credit Card Benefits and Reward System
The ICICI Coral Credit Card has a great reward system. It lets cardholders earn more points on many expenses. This includes utility bills and insurance payments up to certain limits.
Now, ICICI Coral Credit Card users can earn more points. They get points on utility and insurance expenses up to Rs 80,000 each. This is a big jump from the previous limits of Rs 40,000 on some ICICI Bank cards.
Also, the points earned on grocery and departmental store spending have changed. Premium cardholders can earn rewards of up to Rs 40,000 monthly, while other cards have a limit of Rs 20,000 monthly. This means customers can get more credit card rewards and cashback offers on their daily expenses.
| Expense Category | Reward Points Limit |
|---|---|
| Utility Expenses | Up to Rs 80,000 |
| Insurance Expenditures | Up to Rs 80,000 |
| Grocery and Departmental Stores |
|
These changes to the ICICI Coral Credit Card’s reward points system help customers earn more. They can now get more credit card rewards in a broader spending range.
Entertainment Privileges and Movie Ticket Discounts
The ICICI Coral Credit Card offers many entertainment perks, including movie ticket discounts. These benefits make leisure activities more affordable, so cardholders can save money while having fun.
BookMyShow Offers
Cardholders get special deals and discounts on movie tickets through BookMyShow. This partnership helps Coral Credit Card users save money. They can watch the latest movies or classic films at a lower cost.
INOX Cinema Benefits
The ICICI Coral Credit Card also offers exclusive discounts at INOX cinemas in India. Cardholders can enjoy cheaper tickets and exceptional food and drink offers, making going to the movies even better.
Other Entertainment Perks
The ICICI Coral Credit Card has more than just movie benefits. It also offers discounts on event tickets and access to unique entertainment experiences. These perks cater to different interests, ensuring a great entertainment experience for everyone.
With the ICICI Coral Credit Card, cardholders can enjoy their favorite activities while saving money. These exclusive benefits make the card an excellent choice for those who love entertainment and lifestyle.
Travel Benefits and Lounge Access
The ICICI Coral Credit Card offers excellent travel perks, like free airport lounge access. Cardholders get free lounge visits after spending about ₹75,000 in the last quarter, up from ₹35,000 before. This change will improve travel for ICICI Bank’s high-end customers.
Other debit cards from top banks in India also have good travel perks. For example, the HDFC Bank Millennia Debit Card lets you visit four domestic airport lounges for free each year. The IndusInd World Exclusive Debit Card gives you two domestic and international lounge visits per quarter. The IDFC FIRST Wealth Debit Card also offers two lounge visits per quarter, plus extra food and drink benefits and insurance.
| Card | Complimentary Lounge Visits | Other Travel Benefits |
|---|---|---|
| ICICI Coral Credit Card | 2 per quarter upon spending ₹75,000 in the previous quarter | – |
| HDFC Bank Millennia Debit Card | 4 domestic airport lounges per year | Accidental insurance up to ₹10 Lakh |
| IndusInd World Exclusive Debit Card | 2 domestic & international airport lounges per quarter | Complimentary golf access & lessons |
| IDFC FIRST Wealth Debit Card | 2 domestic & international airport lounges per quarter | Food and drink benefits, insurance coverage |
The ICICI Coral Credit Card gives cardholders travel privileges and airport lounge access, making travel smooth and enjoyable and boosting their satisfaction and loyalty.
Dining and Lifestyle Privileges
The ICICI Coral Credit Card offers many dining and lifestyle benefits. It caters to those who enjoy fine dining and luxury. Cardholders get special perks and discounts at top restaurants and eateries nationwide.
Culinary Treats Programme
The Culinary Treats Programme gives cardholders access to many dining spots. They can enjoy unique food experiences and get special deals. This makes their dining adventures even better.
Special Merchant Partnerships
The ICICI Coral Credit Card also has partnerships with various merchants. These partnerships offer exclusive discounts and perks at select stores and outlets, enhancing cardholders’ shopping and lifestyle experiences.
Lifestyle Store Discounts
Cardholders also get special discounts at lifestyle stores. Whether it’s fashion, accessories, home decor, or wellness products, they save money, making credit card use part of their daily lives.
“The ICICI Coral Credit Card’s dining and lifestyle privileges truly elevate the cardholder experience, allowing them to indulge in the finer things in life with ease and exclusivity.”
Fuel Surcharge Waiver and Utility Bill Benefits
The ICICI Coral Credit Card offers fantastic benefits for managing fuel and utility costs. Cardholders get a complete waiver on fuel fees up to Rs 1,00,000 monthly, a big jump from the old limit of Rs 50,000, helping customers save more on fuel.
However, a 1% fee will be charged on utility bills of over Rs 50,000 and fuel bills of over Rs 10,000. This fee helps keep the credit card business running while saving customers a lot.
Even with these fees, the ICICI Coral Credit Card lets customers earn points on utility bills. The points and limits depend on the card type, so knowing your card’s details is key.
| Benefit | Details |
|---|---|
| Fuel Surcharge Waiver | Completely waived for fuel transactions up to Rs 1,00,000 per month |
| Utility Transactions Fee | 1% charged for transactions exceeding Rs 50,000 |
| Fuel Transactions Fee | 1% charged for transactions exceeding Rs 10,000 |
| Reward Points on Utility Expenses | Earning rates and limits vary by card type |
ICICI Coral Credit Card users can save a lot by using the fuel surcharge waiver and innovative utility bill payments, which improves their credit card experience overall.
Security Features and Protection Benefits
The ICICI Coral Credit Card has many security features to protect your money. It offers zero lost card liability protection. You won’t be responsible for unauthorized charges if your card is lost or stolen.
This card also has strong credit card security to prevent fraud. It uses advanced encryption, watches transactions in real-time, and has fraud detection, which helps catch and stop suspicious activities quickly.
It also has protection benefits like purchase protection and an extended warranty. You also get travel benefits like trip cancellation and baggage delay insurance.
In summary, the ICICI Coral Credit Card’s security and protection benefits make payments safe and worry-free, allowing you to enjoy the rewards and perks without stress.
Milestone Bonus Rewards Program
The ICICI Bank Sapphiro Credit Card has a great Milestone Bonus Rewards program. This program lets cardholders earn big bonus points for hitting spending targets, which is a big thank you to loyal customers for using their cards often.
Spending Milestones
Cardholders can get up to 20,000 bonus Reward Points each year. This is for spending up to ₹4,00,000. Plus, spending over ₹1,00,000 a year gets 2,000 extra points.
Anniversary Rewards
The ICICI Bank Sapphiro Credit Card also gives special rewards on anniversaries. If you spend more than ₹6 lakh in the past year, you won’t have to pay the ₹6,500 + GST annual fee.
Additional Bonus Points Structure
There’s more to earning points with the ICICI Bank Sapphiro Credit Card. You get 4 Reward Points for every ₹100 spent abroad and 2 points for every ₹100 spent in India. These points can be turned into cashback or gifts, with 1 point equaling Re. 0.25.
| Milestone | Bonus Reward Points |
|---|---|
| Spending ₹4,00,000 per year | 20,000 points |
| Spending ₹1,00,000 in anniversary year | 2,000 points |
| Spending ₹6 lakh in the previous year | Annual fee waiver |
| International Purchases | 4 Reward Points per ₹100 |
| Domestic Purchases | 2 Reward Points per ₹100 |
The ICICI Bank Sapphiro Credit Card’s Milestone Bonus Rewards program is a big draw. It encourages cardholders to spend more and stay loyal, which means lots of value and benefits for customers.
Comparison with Other Credit Cards in the Segment
When looking at the ICICI Coral Credit Card, it’s key to consider recent updates. These changes affect features and benefits. The ICICI Coral Card is still a top choice, but updates in other cards might change how it compares.
Some cards have changed how they reward points, especially for certain purchases. Others have made it harder to get into airport lounges. New fees for certain transactions also affect the card’s value.
The ICICI Coral Card’s benefits, like fuel surcharge waivers and annual fee reversals, have also been updated. These changes might affect how it compares to other cards in the market. Keeping up with these updates helps you make the right credit card choice.
| Credit Card | Annual Fee | Welcome Benefit | Milestone Benefit | Lounge Access | Card expert Rating |
|---|---|---|---|---|---|
| American Express Platinum Reserve | ₹10,000 + GST | 11,000 Reward Points (~₹5,500 value) | ₹1,000 (2% value) voucher on ₹50,000 spend | 12 domestic/2 international per year | 3.8/5 |
| ICICI Coral Credit Card | ₹500 + GST | – | – | – | – |
| Amazon Pay ICICI Bank Credit Card | None | ₹2,000 cashback and 3 months of Prime membership | – | – | 5/5 |
| ICICI Bank HPCL Super Saver Credit Card | – | 2,000 bonus reward points and ₹100 cashback on ₹1,000 fuel | – | – | – |
| ICICI Bank Sapphiro Credit Card | ₹6,500 + GST | ₹9,500+ in travel and shopping vouchers | – | – | 4.5/5 |
| Emirates Skywards ICICI Bank Sapphiro | ₹5,000 + GST | 5,000 bonus Skyward Miles and Skywards Silver Tier | – | – | – |
| ICICI Bank Ferrari Signature Credit Card | ₹3,999 + GST | Scuderia Ferrari Watch | – | – | 4.5/5 |
The credit card market is always changing, so it’s important for consumers to keep up with the latest offers. By understanding the differences between cards, people can choose the best one for their needs and goals.
Conclusion
The ICICI Coral Credit Card has seen major changes, which affect its rewards, lounge access, and fees. Some benefits have been cut, but others have been improved for frequent users.
People considering getting this card or already using it should examine these changes closely. They should see if the ICICI Coral credit card benefits still match their spending and preferences.
The new credit card rewards and benefits changes need a good look. Cardholders should also check out the latest cashback offers and other perks. This way, they can decide if the ICICI Coral Credit Card is still correct for them.
In summary, the ICICI Coral Credit Card is still a strong choice in the market. It offers many rewards and benefits for today’s consumers. However, both new and current users need to understand the card’s features and see if it still fits their financial and lifestyle needs.
