ICICI Coral Credit Card
ICICI Coral: judge the entry premium benefits against your spending and renewal cost.
By Ash · Issuer source linked 1 October 2026
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2 Reward Points/₹100 retail spend; 1 point/₹100 utility and insurance spend. Points are redeemable through ICICI Rewards; value varies by redemption and is not a fixed cashback rate. Eligible HPCL fuel surcharge waiver requires a ₹400–₹4,000 transaction on an ICICI Merchant Services terminal; this is not fuel reward earning. MITC eligible-spend ceilings per statement cycle: utilities and insurance ₹40,000 each, grocery/departmental stores ₹20,000, and transportation ₹10,000. These are spend ceilings, not cashback limits. Reward value depends on the selected redemption; no fixed cash conversion is modelled.
Cash-value estimates are not enabled for this product. Its merchant, feature or redemption conditions need a separate model; published earn rules and non-cash benefits are shown below. Eligibility and excluded transaction types still matter even where no cap is recorded.
Cardholders who use the benefits listed below and can meet the applicable channel, merchant and spend requirements. Fee-waiver terms: ₹1.5L eligible anniversary-year spend; EMI excluded (MITC reversal threshold).
The annual fee outweighs the benefits you can actually use, or your main spending falls outside the eligible merchants or categories.
Why no automated estimate: Reward value depends on redemption and variant-specific earning/exclusions; no supported cash-value conversion is modelled.
2 Reward Points/₹100 retail spend; 1 point/₹100 utility and insurance spend. Points are redeemable through ICICI Rewards; value varies by redemption and is not a fixed cashback rate. Eligible HPCL fuel surcharge waiver requires a ₹400–₹4,000 transaction on an ICICI Merchant Services terminal; this is not fuel reward earning. MITC eligible-spend ceilings per statement cycle: utilities and insurance ₹40,000 each, grocery/departmental stores ₹20,000, and transportation ₹10,000. These are spend ceilings, not cashback limits. Reward value depends on the selected redemption; no fixed cash conversion is modelled.
PROS
- Movie discount and railway lounge benefit
- Domestic airport lounge benefit after spend condition
- ₹500 annual fee waived at ₹1.5L spend
CONS
- Movie and airport lounge benefits have conditions
- Reward points do not have a single fixed cash value
- 3.5% foreign-currency markup
- Published earn rules: 2 Reward Points/₹100 retail spend; 1 point/₹100 utility and insurance spend. Points are redeemable through ICICI Rewards; value varies by redemption and is not a fixed cashback rate. Eligible HPCL fuel surcharge waiver requires a ₹400–₹4,000 transaction on an ICICI Merchant Services terminal; this is not fuel reward earning. MITC eligible-spend ceilings per statement cycle: utilities and insurance ₹40,000 each, grocery/departmental stores ₹20,000, and transportation ₹10,000. These are spend ceilings, not cashback limits. Reward value depends on the selected redemption; no fixed cash conversion is modelled.
- Redemption choice: 2 Reward Points/₹100 retail spend; 1 point/₹100 utility and insurance spend. Points are redeemable through ICICI Rewards; value varies by redemption and is not a fixed cashback rate. Eligible HPCL fuel surcharge waiver requires a ₹400–₹4,000 transaction on an ICICI Merchant Services terminal; this is not fuel reward earning. MITC eligible-spend ceilings per statement cycle: utilities and insurance ₹40,000 each, grocery/departmental stores ₹20,000, and transportation ₹10,000. These are spend ceilings, not cashback limits. Reward value depends on the selected redemption; no fixed cash conversion is modelled.
- Renewal decision: Standard schedule: year one joining fee ₹500 and no additional first-year annual fee; renewal ₹500 from year two, before GST and any eligible reversal. Offer-specific pricing and add-on charges are separate. ₹1.5L eligible anniversary-year spend; EMI excluded (MITC reversal threshold). Compare this cost with rewards you can redeem; a fee waiver is not itself a reward.
Movie and airport lounge benefits have conditions. Reward points do not have a single fixed cash value. 3.5% foreign-currency markup
How does ICICI Coral earn rewards?
2 Reward Points/₹100 retail spend; 1 point/₹100 utility and insurance spend. Points are redeemable through ICICI Rewards; value varies by redemption and is not a fixed cashback rate. Eligible HPCL fuel surcharge waiver requires a ₹400–₹4,000 transaction on an ICICI Merchant Services terminal; this is not fuel reward earning. MITC eligible-spend ceilings per statement cycle: utilities and insurance ₹40,000 each, grocery/departmental stores ₹20,000, and transportation ₹10,000. These are spend ceilings, not cashback limits. Reward value depends on the selected redemption; no fixed cash conversion is modelled.
Are points and cashback the same?
2 Reward Points/₹100 retail spend; 1 point/₹100 utility and insurance spend. Points are redeemable through ICICI Rewards; value varies by redemption and is not a fixed cashback rate. Eligible HPCL fuel surcharge waiver requires a ₹400–₹4,000 transaction on an ICICI Merchant Services terminal; this is not fuel reward earning. MITC eligible-spend ceilings per statement cycle: utilities and insurance ₹40,000 each, grocery/departmental stores ₹20,000, and transportation ₹10,000. These are spend ceilings, not cashback limits. Reward value depends on the selected redemption; no fixed cash conversion is modelled.
What should I compare before renewing?
The published fee, applicable tax, waiver conditions and the benefits you use. ₹1.5L eligible anniversary-year spend; EMI excluded (MITC reversal threshold). Exclude unused vouchers and promotional offers from your baseline.
Standard schedule: year one joining fee ₹500 and no additional first-year annual fee; renewal ₹500 from year two, before GST and any eligible reversal. Offer-specific pricing and add-on charges are separate. Issuer fee schedule