ICICI Bank Coral Credit Card from ICICI Bank

ICICI Bank Coral Credit Card review

ICICI Bank · Visa · points Official sources Checked 30 Oct 2026

At a glance

Annual fee: ₹500
Joining fee: ₹500
Fee waiver: ₹1,50,000 a year
Base return: 0.5% base
Point value: ₹0.25 per point
Domestic lounge: 1 a quarter. Needs ₹75,000 spend in previous calendar quarter
International lounge: None found

Estimated net value a year

Profile	Net	% of spend
First card, light spender ₹15k a month	₹843	0.5%
Metro salaried ₹60k a month	₹3,680	0.5%
Family household ₹80k a month	₹4,460	0.5%
Frequent flyer ₹1.5L a month	₹8,900	0.5%
Online shopper ₹50k a month	₹3,410	0.6%
Rent-heavy ₹90k a month	₹3,650	0.3%

Fee maths: The ₹500 annual fee is waived at ₹1,50,000 a year of eligible spend, about ₹12,500 a month. All of our profiles clear that, so the fee costs nothing on them. On our 6 profiles it nets from ₹843 (first card, light spender) to ₹8,900 (frequent flyer), equal to 0.3% to 0.6% of spend across the profiles. Without a waiver, the metro salaried category mix earns back the fee from about ₹9,500 a month of total spend.

After fees and caps, best-case redemption. Use your own spend.

Our take: A low-fee ICICI card (₹500, waived at ₹1.5 lakh) that pays 2 points per ₹100 on most spends and gives one domestic lounge visit a quarter if you spent ₹75,000 in the previous quarter. Grocery spends are capped at ₹20,000, and utility and insurance spends at ₹40,000, per statement cycle in the MITC. The ICICI documents we read give no rupee value per point, so we use ₹0.25 as an estimate; aggregators quote up to ₹0.40 for some routes.

From the card's terms: strengths

1 domestic lounge visit a quarter

From the card's terms: limits

Base return is only about 0.5% on other spends

Reward rates and caps

Spend category	Points per ₹100	Value per ₹100	Cap	Notes
Groceries	2	₹0.5	400 pts monthly	2 RP per ₹100 on grocery and department-store spends, capped at ₹20,000 spend per statement cycle = 400 RP (official MITC, w.e.f. 15 Nov 2024).
Bills & utilities	1	₹0.25	400 pts monthly	1 RP per ₹100 on utility spends (official page); capped at ₹40,000 spend per statement cycle = 400 RP (official MITC). Insurance has the same ₹40,000 cap.
Fuel, Rent	0	₹0	No cap found	Fuel, rent, wallet loads earn nothing
Everything else, Other online shopping, Amazon, Flipkart, Dining & food delivery, Flights & hotels, Entertainment & OTT	2	₹0.5	No cap found	Base 2 RP/₹100; transport MCCs capped at ₹10,000/month spend since Feb 2026

Point value: ICICI Reward Points: ~₹0.25 each (statement credit/catalogue; aggregator claims up to ₹0.40 for some routes, unverified). Air India transfer 6:1 (~₹0.17).

Excluded or reduced

Fuel (MITC: no points on Fuel, except Amex variant of HPCL Coral)
Rent
Cash advances
E-wallet loads (MITC)
Skill-based gaming, government/tax, education: listed in MITC restricted-category table; government payments are counted under the utility category from Feb 2026
Transport (MCC 4111/4112/4784/4131): reward capped at ₹10,000 spend per statement cycle (MITC, from 1 Feb 2026; not modelled)

Spend milestones

Spend ₹2,00,000 a year: 2,000 RP at ₹2 lakh, +1,000 RP per additional ₹1 lakh up to 10,000 RP/yr (about ₹500)

Other benefits

Welcome: None
Renewal: None
BookMyShow/INOX 25% off up to ₹100 twice/month (needs ₹25,000 prior-quarter spend)
1% fuel surcharge waiver on HPCL pumps only, ₹400-4,000 transactions (official page; ₹500/month cap from aggregator, unconfirmed)
Forex markup 3.5%

Eligibility

Indian citizen over 21; salaried ₹20,000/month or self-employed ₹2.4 lakh/yr (official)

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FAQ

What is the annual fee of the ICICI Bank Coral Credit Card?

₹500 a year, waived at ₹1,50,000 annual spend. Fees exclude 18% GST.

How do ICICI Bank Coral Credit Card rewards work?

0.5% base. ICICI Reward Points: ~₹0.25 each (statement credit/catalogue; aggregator claims up to ₹0.40 for some routes, unverified). Air India transfer 6:1 (~₹0.17).

Does the ICICI Bank Coral Credit Card give airport lounge access?

Domestic: 1 a quarter. Needs ₹75,000 spend in previous calendar quarter. International: None found.

Who is the ICICI Bank Coral Credit Card best suited to?

A low-fee ICICI card (₹500, waived at ₹1.5 lakh) that pays 2 points per ₹100 on most spends and gives one domestic lounge visit a quarter if you spent ₹75,000 in the previous quarter. Grocery spends are capped at ₹20,000, and utility and insurance spends at ₹40,000, per statement cycle in the MITC. The ICICI documents we read give no rupee value per point, so we use ₹0.25 as an estimate; aggregators quote up to ₹0.40 for some routes. The ₹500 annual fee is waived at ₹1,50,000 a year of eligible spend, about ₹12,500 a month. All of our profiles clear that, so the fee costs nothing on them. On our 6 profiles it nets from ₹843 (first card, light spender) to ₹8,900 (frequent flyer), equal to 0.3% to 0.6% of spend across the profiles.