ICICI Bank Coral Credit Card Review

By | April 11, 2016

ICICI Bank Coral Credit Card AmexICICI Coral credit and debit cards are one of the ICICI’s flagship product in the market. I personally prefer coral credit card over ICICI Platinum credit card just because of its complimentary lounge access. Even though its not a Visa signature variant, its interesting to note that coral cards has complimentary access to Visa affiliated lounges. Their website interface displaying credit card features and benefits are confusing to the core. Seems they never know what’s a good web design. They need to learn from HDFC probably.

ICICI Coral Credit Card Rewards:

  • 4 Payback points on every Rs.100 spent on dining, groceries and at supermarkets (well, who needs?).
  • 2 Payback points on every Rs.100 spent elsewhere.

That gives you Reward rate of mere 1% & 0.5% respectively (1 Payback point = Rs.0.25). ICICI reward rates are damn low generally compared to HDFC cards & Amex Cards. Infact, their top end premium Card “ICICI Bank Diamant Credit Card” itself has mere useless reward structure.

You can earn a little bit more reward points on American Express variants of coral cards. Whatsoever, they stand nowhere in front of other bank’s semi-premium credit cards.

ICICI Bank Coral Credit Card Features:

  • Card Expert Rating: 2.5/5 
  • Reward Rate: 0.50% to 1% as Payback Points
  • Fuel Surcharge Waiver: 2.5% fuel surcharge waiver can be availed on fuel transactions of maximum ₹ 4,000 per transaction at HPCL pumps, when swiped on ICICI Merchant Services swipe machines.
  • Renewal Fee Waiver: Spend ₹ 1,25,000 or more annually, for renewal fees to be waived off.
  • Complementary Airport lounge access: Yes, 2 complimentary Visits per quarter to Visa Lounges (for Visa Card holders) and Master Card lounges (for Mastercard Holders)
  • Special Features: BookMyShow Buy1 Get 1 Offer. (Hard to avail though)
  • Foreign Exchange Markup fee: 3.5% + Service Tax

Features aren’t that attractive as you can see. Just because they integrated payback reward system in their platform, they were able to do some nice promotion campaigns to keep business going. The only card that’s worth holding from ICICI is Jet Airways ICICI Bank Sapphiro Credit Cards which gives 5 JP Miles per Rs.100 spent (domestic).

I’m even interested in their new launch of ICICI Ferrari Credit Cards but they never mention proper info on what they mean by “Top spender” to enjoy its benefits. Worst way of introducing such cards. A Visa Signature card goes worthless for that reason.

24 thoughts on “ICICI Bank Coral Credit Card Review

  1. SriKrsna

    I own this card (ICICI Coral AMEX) and got this card especially as I wanted to have an experience with AMEX PG. This card works with AMEX, ICICI, UniPay EDC and machines which support AMEX. Regarding my online experience with this card, this card can be used on Flipkart, Snapdeal, Aircel, Tata docomo and the intermediate billers who support AMEX like Billdesk, CCAvenue (AMEX option should have been opted by the site owner who gets service from the intermediates). As this card is issued by ICICI, it is managed by ICICI and one needs to use the internet banking facility of ICICI to manage the card. You cannot manage this card with standard AMEX website/app.
    Enrolling and using AMEX exeClick is supported.
    One exception with ICICI Coral AMEX is, this doesn’t work properly with Amazon.in
    You will be asked for billing Pincode and upon authorization, amount gets deducted from the account. You will receive a SMS for amount deduction but amazon.in order would fail as they were unable to capture/track the payment. Amazon.in representatives doesn’t have a clue on that. You will not be billed for the failed order even though the account was deduced and will have to wait for 15 days to get your payment reversed to your account.

    1. Siddharth Post author

      Thanks for sharing your experience with Amex Coral Credit card. It helps 🙂

  2. SriKrsna

    One more important info on this card(ICICI Coral AMEX):
    If you loose/forget your PIN, you CANNOT reset it. You need to inform the ICICI representatives and they will REPLACE YOUR CARD. This info is as per their instructions in booklet.

    1. Siddharth Post author

      That’s sad. It seems amex has put some strong conditions. Its still interesting for me to understand how Amex partnership works with banks.

  3. Arfat

    I have some questions
    1. Is icici coral credit card and icici coral amex the same ?
    so what will be interest rate on EMI ?

    For suppose i thought of buying “x” product which is of 70000 rupees on emi of 6 months , how much interest will be charged ?

    1. Siddharth Post author

      In coral, VIsa/Mastercard/Amex are the variants. ICICI has anywhere around 15% interest rates on credit card loans/emi usually.

  4. Sanket Kharat

    I am working in a IT company and before submitting the documents I use to get call from sales person 5 times a day and after submitting the documents there is no response on the application status now its been more than 15 days, After calling customer care they said I have to wait more 7 days, This is so incontinent, Any clarification before I cancel my application.

    1. Siddharth Post author

      Happens. ICICI is very slow in card issuance. You’ve to wait for sometime.

  5. John

    Can i use it for International travel purpose, like a forex card? to pay hotel bills and etc..

  6. Sairam

    I have a coral credit card of icici bank ,
    Just I want to know one thing
    Icici bank coral credit card is better or icici platinum card is good
    Please suggeste me a good one

  7. Saksham

    I think it’s the most cheapest American express card (co-branded) available. It’s annual fee is 199 + taxes. Please tell me about hidden charges. Also can we avail special discount for amex cards on e-commerce sites like snapdeal etc

  8. Saksham

    Snapdeal offered 20% instant discount using amex cards in last October(diwali scheme). Could that offer or other similar offers like that be availed using icici coral amex cards ?

  9. Abshiek

    Which Card is better either ICICI Coral credit card and HDFC Regalia Credit card.

    1. Siddharth Post author

      Ofcourse HDFC Regalia. ICICI stands nowhere near to Regalia 🙂

  10. Krishan Sharma

    I have icici coral American express credit card.can I use this card for emi option?

  11. Mukehs

    hi…want a best credit card for Airport lounge access and cash back on shopping…dont mind paying joining fees…kindly suggest me the best one…any one from icici would be more suitable..

    1. Siddharth Post author

      ICICI Coral amex cards should help as they have lounge access. But their reward rate on usual spends are too low.

  12. Pramit Dutta

    Nice review! Very crisp and to the point! I just wanted to know if the term ‘lounge access’ also means complimentary food and beverages or just entry to the lounge. Its not mentioned cleary anywhere.


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