ICICI Bank Coral American Express Credit Card Review

By | May 17, 2019

ICICI Coral Credit Card is the beginner range of credit cards in the ICICI Bank’s Gemstone Credit card collection. Even in the coral variant, there are further sub-variants as Coral Visa/MC, Coral Amex & Coral HPCL Cards.

Here we’re looking into the Coral Amex Variant, which according to me is the best Coral credit card. If you can use it right, it can get you very good returns on spend for a card of this range.

ICICI has been tweaking the benefits on this card couple of times and here’s what it has for now,

ICICI Bank Coral American Express Credit Card


  • Joining Fee: Rs.500+GST (no welcome vouchers)
  • Annual Fee: Rs.500+GST (Reversed on 1.5L spends)

While annual fee waiver requirement is good, ICICI must have given something as a welcome benefit to make the product more attractive.

Reward Points

  • 2 PAYBACK Points on every Rs. 100 spent on your card, except fuel. (Reward Rate: 0.5%)
  • 4 PAYBACK Points on every Rs. 100 spent on online transactions. (Reward Rate: 1%)
  • 1 PAYBACK Point on every Rs.100 spent on utilities and insurance categories. (Reward Rate: 0.25%)
  • Milestone Spends #1: 2000 PAYBACK Points on spending Rs. 2,00,000 on your card
  • Milestone Spends #2: 1000 PAYBACK Points each time you cross Rs. 1,00,000 spend (post 2L spend); maximum of 10,000 PAYBACK Points per year

If my understanding is right, the card holds good for upto 10L spends. If you can make more spends online, you can get maximum reward rate, which would be 1.25% by including milestone spends.


  • Buy 1 get 1 free on BookMyShow (up to 2 free tickets per month valued at up to Rs.250 per ticket.)
  • Buy 1 get 1 free on INOX (up to 2 free tickets per month valued at up to Rs.250 per ticket.)
  • Complimentary airport lounge access: 1 per quarter
  • Complimentary Railway lounge access: 1 per quarter
  • ICICI Amex Offers like this and this

Overall, the rewards and benefits are very good for such a beginner card. But the most important aspect to note here is that the card comes in AMEX variant and so the acceptance of the card is low. For a coral card user profile, they’ll definitely have issues with acceptance.

How to Apply?

  • New Customer: Apply Online or Visit Branch
  • Existing ICICI Credit Card Customer: Call Customer Care & request for this variant.

I applied for this card while holding ICICI Jet Sapphiro, which I’m not planning to renew this year. It was delivered within 7 days of taking the request, no CIBIL enquiry.

I like the way ICICI deals with multiple cards on shared limit. I wish other banks too work this way.


  • Cardexpert Rating: 4/5

If you really want a credit card from ICICI, this is probably the only best credit card that makes sense in lot of aspects: Low fee, decent benefits & ICICI amex offers.

Moreover, it is a good card if you want to hold the credit line with ICICI, just incase if you too plan to get rid of Jet cards like me. And of course, Amazon pay credit card is there anyway.

And not to mention, I love this card for its BEAUTIFUL design. And that’s one of the reason I got this card 🙂

What’s your take on the not so popular ICICI Bank Coral American Express Credit Card?

29 thoughts on “ICICI Bank Coral American Express Credit Card Review

  1. Keshav Gupta

    Congrats Sid. I Will love to know more about how you are using the card.

  2. SaurabhN

    As alwz ur reviews are a charm to read for credit card consumers like me. Thanks for all your inputs.

    For me Amazon Pay card is best if buying from Amazon or paying using pay balance on sites like MMT. But my primary card is Rubyx Visa variant which gives a decent reward rate of 1.6% and one gets “Hand Picked Rewards” and not Payback points in this card.

    “Hand Picked Rewards” are very good in terms of options and can be redeemed from ICICI website only. Also milestone benefit if there is one crosses 3lac pa then one gets 3000 Hand picked rewards whose value is approx Rs. 2500 (if redeemed for SS or lifestyle vouchers). Going further for every 1 lac spent one gets 1500 reward points.

    Apart from these all regular benefits of Rubyx card makes it one of the good cards and being LTF for me since more than a decade its on 3rd number after my Amex Plat travel card and YFE card.

    1. Raj

      Rubyx visa variant is no more available for new application.

      Note: The information provided in this section is for existing ICICI Bank Rubyx Visa Credit Card holders only. This credit card is not available for new application.

  3. Jagan

    I have just applied for Coral HPCL Amex Card since I don’t have a fuel card, the 2.5% cashback at HPCL outlets was an attraction for me.
    I am not sure if this Coral HPCL Amex is not as good as Coral Amex.

      1. Himanshu

        I was thinking to start a credit line with ICICI for a long time. I figured out to jet sapphiro amex but jet Airways is non- operational for now. I think this card will be good to start with as i have other cards in my wallet.

        1) HDFC Regalia – Primary card
        2) SBI Prime – For Ultility Bills only
        3) RBL Titanium Delight – Only use with specific mechant offers like swiggy and buying groceries.
        4) Indusind Iconia Amex – 2% back on weekend spends.
        5) YFP – Lowest Limit card in my wallet, now i don’t chase as it got a major devaluation in April.

    1. Prashant Gupta

      Its the best fuel card with 4% return and i mentioned in other posts it has frequent offers like do 8 Rs500 transactions and get Rs1600. Got this offer i think 3 times in last year, on top of it the dineout offer was awesome but for last 5-6 months no such offer except 3 month payment holiday offer.

    2. Ajai

      They only give that when used with a ICICI POS which is a huge problem. I am trying to get a Emeralde card instead of that but its a problem because upgrading the card is not a option “Upgrade required because of running EMI”.

      ICICI is seems quite a amature bank when it comes to CC’s and truth be told Emeralde has some good features that can be used well to extract the value out of it.

  4. Iciciguy

    I got pre approved offer for axis neo card,
    I want to get the axis privilege card but they said u will only get neo card later if u apply u will get separate privilege card.
    I also hear that pre approved offer card has less limit,
    Should I go for pre approved offer or direct application for privilege one.

    1. Captain Bishuddha Bharatiya

      ICICI guy once you get Neo than after a month you can ask customer care for upgrade to Privilege and they will do it over the phone. If they don’t than use it for 6 months and than call customer care they will 100% approve it. I got privilege the same way.

      1. Iciciguy

        Thanks for your valuable reply,
        They applied my zone card based on my pre approved offer but I got only 30k limit,
        This is the lowest limit card I hold ever my first card was of 40k limit,
        Should I hold this card or cancel,
        Will they enhance limit and give privilege.

  5. SH

    Sid – you are on a roll, playing at both the high and low ends of the market. Great review. I do not quite see the benefits from Payback, but that is just me.

    One other thing – the multiple card within a shared limit is also something that Stan Chart also does.


    1. Siddharth Post author

      I’ll get any card as long as it “looks” good 😛

      1. Amann

        Hi Sid

        Why not get SCB ultimate card? It’s the best in Amazon rewards on any spend.

        1. Siddharth Post author

          I’m trying to keep the counts low(!) as Citi don’t like too many cards.

      2. _draggonwarrior

        Hi Sid, among this and the Iconia Amex, which one do you think looks better?

  6. Amit

    Hi Sid,
    how this card is different from HPCL amex coral. I have LTF HPCL coral amex variant but when i asked this coral i was informed this isn’t LTF (2 year back story)

  7. Ankit Malhotra

    SBI SimplyClick gives 1.25% online spends return with fee waiver at 1 Lakh. Also ClearTrip vouchers worth 2000 each at 1 Lakh & 2 Lakh spend make it 3.25% overall and compensates for the movie benefits also considering that they are hard to avail. In fact despite holding AmazonPay card, I use only SimplyClick to buy and load Amazon gift cards to own account and get 4.5% (2.5% 10X Amazon spend + 2% ClearTrip) return on all Amazon spends anyway.


    Does CORAL HP AMEX get AMEX offers like this card?

  9. Tejaa

    I applied for this while holding Coral Visa. The customer care guy told me you can hold both of the cards with shared limit.
    But got SMS as “Dear Customer,Your Credit Card Upgrade request has been registered vide SR6xxxxxxx on xx-MAY-19. The delivery will be attempted within 5 working days.You can also track your card delivery status through Internet Banking and iMobile.”
    Don’t know why it is saying “upgrade” in the SMS & email. What was the case for you @Sid ?

      1. Tejaa

        @Sid they closed the service request saying “We are currently unable to upgrade your ICICI Bank Credit Card XXxxxx”

        I called them, they said “you can’t keep both the variant of Coral. Take some other card”

        Strange !!

  10. Swagat Acharya

    If the objective is to only have an ICICI Bank credit card in your kitty to avail bank specific offers and you also purchase fuel for your vehicle using a credit card, the Coral HPCL Amex maybe a better choice.

    It gives upto Rs. 100 cashback on fuel purchases at HPCL (at 2.5% after fuel surcharge waiver), 6 Payback points on fuel, 2 Payback points on other retail purchases.

    You also get targeted offers as the standard Coral Amex and the standard offers from ICICI bank.

    Lounge access is only 2 per year instead of 1 per quarter and BookMyShow only gets Rs. 100 off on two tickets instead of free tickets. But as a fuel card, you shouldn’t be making a lot of purchases with this card beyond fuel and have a better credit card as a primary card.

    First year fee is merely 199, which is waived off in subsequent years if annual spend exceeds 50000.

  11. Praveen Katiyar

    I hold Visa Coral card. ICICI doesnt give payback on EMI ?

  12. Sourav

    I got a LTF coral Visa card offer but in your site you had good rating against Coral AmEx w.r.t Visa although they mostly have similar benefits.Could u pls suggest if I should ask them to provide LTF coral AmEx if possible ?

  13. ARR

    Hi Sid,
    Do you have three cards from ICICI bank? Do they have shared limit or separate limit?

    1. Himanshu Kainth


      ICICI issues multiple cards with shared limit. I didn’t see anyone holding icici cards with separate limit.

  14. Arjun

    Hi Sid,

    During this Amazon great indian sale 2019, No Cost Emi option is not available on Coral amex. Even regular EMI option is not available, Could you please Advise.



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