ICICI Coral Credit Card

Rewards

• Base reward rate: Up to 4 Payback points per ₹100 spent on dining, groceries, and supermarkets, with 2 Payback points per ₹100 on other spends.
• Redemption options: Products from multiple categories including health, beauty, travel, fashion, lifestyle, home appliances, electronics, shopping vouchers. Gift vouchers, merchandise, cashback.

Fees & Charges

• Joining fee: 500
• Annual fee: 500

Pros

• 2 ICICI reward points per Rs. 100 spent
• Lifetime free credit card
• 4 complimentary domestic airport lounge visits annually
• 25% off, up to Rs. 100, on buying two movie tickets through INOX or BookMyShow
• Earns rewards on insurance premium payments (1x rate)
• Complimentary lounge access with no minimum spend requirement
• Complimentary guest lounge access included

Cons

• Low base reward rate: The standard earning rate is only 2 Payback points per ₹100, which translates to a low value of just 0.5%.
• Highly restrictive fuel surcharge waiver: The 2.5% waiver is limited to HPCL pumps, for transactions up to ₹4,000, and only when processed on an ICICI Merchant Services machine.
• Weak milestone benefit value: The first milestone of 2,000 points (worth ₹500) for ₹2,00,000 in spending provides a low additional return of only 0.25%.
• High foreign transaction fee: Carries a forex markup fee of 3.50%, making it an expensive option for international use.

Best Use Case

Consumers who frequently spend on dining, groceries, and supermarkets, and value domestic lounge access and movie discounts.