An ICICI Bank Coral VISA Credit Card is issued by ICICI Bank under the Gemstone Collection which aspires to provide unique features as rare as a gemstone. This collection is powered by ICICI’s exclusive lifestyle privileges. The ICICI Bank Coral Credit Card offers unlimited cash rewards every day and everywhere.
Features and Benefits of ICICI Bank Coral Visa Credit Card:
- Welcome gift – complimentary Provogue tie worth Rs. 999.
- Microchip cards – Newly issued cards are embedded with a microchip which provides an additional layer of security in the form of a Personal identification Number (PIN). This provides additional security against counterfeiting and duplication.
- 2x cash rewards at supermarkets, on groceries and dining.
- Buy one get one free movie ticket offer on Bookmyshow. Avail up to 2 tickets per month up to the value of Rs. 250 per ticket.
- 2 complimentary domestic airport lounge visits every quarter.
- Culinary Treats program offers a minimum 15% savings on dining bills at over 800 restaurants across India.
- Enjoy a waiver of 2.5% on fuel surcharge on a maximum spend of Rs. 4,000 per transaction at any HPCL pump.
- Spend Rs. 125,000 in the first year, and enjoy the annual fee waived.
- Earn PAYBACK points and redeem it for cash or gifts of your choice. Earn 4 points on every Rs. 100 spent on dining, supermarkets and groceries. Earn 2 points for Rs. 100 on other transactions.
Eligibility and documentation:
Eligibility for ICICI Bank Coral VISA Credit Card is:
- Salaried individuals who are earning a minimum of Rs. 45,000 per month.
- Self-employed earning a minimum of Rs 5.4 lakhs in the last IT return filed.
- Minimum age limit is:
- Primary card holder – Minimum 23 years.
- Add-on card holder – Minimum 18 years.
The documents required to apply for ICICI Bank Coral VISA Credit Card is:
- Address proof
- ID Proof
- PAN card
- Income proof
- Salaried Individual – Latest 2 months’ salary slips
- Self-employed businessmen/professionals – Latest IT returns
- 1 photograph
Charges and Interest:
- Joining fee of Rs. 1,000 + tax (Limited period offer of Rs. 500)
- Annual fee of Rs. 500 + tax from 2nd year onwards.
- Late payment charges is applicable for minimum due amount over Rs. 100.
- Service tax currently at 12.36% may be applicable on fees, interest and other charges.
The rate of interest charged is at the sole discretion of the bank. It can be as low as 1.25% per month.
- Interest is charged if the total amount due is not paid by the payment due date.
- There is an interest-free period which could be from 18 to 48 days.
- If the previous outstanding balances are not paid, interest is charged on the total amount due on any new transaction made from the date of the transaction.
- The interest rate may be determined on your credit history, purchase pattern, loyalty, and payment behavior.
- In case of default, the interest rate can increase up to 3.5% per month (maximum).
How to Redeem the ICICI Bank Coral Credit Card rewards?
- Gifts – After accumulating reward points, you can check your balance by logging into your account on the ICICI Bank website. There is an option to redeem your points. You will be directed to the PAYBACK website where you can choose from a range of products according to the points you have.
- Shopping – PAYBACK has partnered with stores like Big Bazaar, Central, Pantaloons, and others. Ask to use your PAYBACK points and swipe your PAYBACK card to redeem your points.
- Shopping online – You can shop online at any of the partnered websites like makemytrip.com, futurebazaar.com, bookmyshow.com and more. Under payment option, select ‘PAYBACK points’ and enter your details to redeem your points.
- Cash – You can redeem your points for cash equivalent to Rs. 0.25 per point. Call the dedicated PAYBACK number and the amount will be credited to your credit card account within 7 working days. Cash back can be used to pay off outstanding balances, thus reducing your total amount due.
How to apply for ICICI Bank Coral Credit Card?
- On the BankBazaar website, under the “credit card” section, you can view and explore all the credit cards.
- Check your eligibility by entering your basic details.
- The cards you are eligible for will be generated.
- Find the ICICI Bank Coral Credit Card and you can apply for it instantly online.
- Fill in detailed information and submit your application.
