Your everyday shopping is just a tap away with the ICICI Bank Coral Contactless Credit Card. Make your world simpler and your payments easier with this card, which works based on the MasterCard contactless technology. With unlimited rewards, exceptional discounts and free offers, the ICICI Bank Coral Contactless Credit Card is an important value-add to your wallet. ICICI Bank provides secure transactions at retail outlets and customers can use their contactless card without any hassles. Earn 2X cash rewards with an ICICI Bank Coral Contactless Credit Card when you dine, shop for groceries or purchase at supermarkets. Complimentary domestic airport lounge access, entertainment and movie offers and dining discounts are just some of the excellent benefits offered on this card. Read on to know this card better!
ICICI Bank customers can enjoy the following benefits when they avail an ICICI Bank Coral Contactless Credit Card.Joining Benefits:
As part of the welcome package, ICICI offers a complimentary Provogue tie for a value of Rs 999, which will be delivered to the customer within 30 days after the payment of the Joining Fees.PIN/Chip Security:
Every ICICI Bank Coral Contactless Credit Card comes with an embedded chip that provides protection against duplication and counterfeit usage. An additional layer of security is provided by the PIN number, which has to be entered by customers at every PoS terminal. Online transactions do not require the PIN number but are protected by the MasterCard SecureCode gateway.Entertainment Benefits:
BookMyShow offers buy 1 get 1 free deals on movie ticket bookings, during any day of the week. Customers can get up to two free tickets in a month for a value of Rs 250 for one ticket. The tickets will be given on a first-come-first-serve basis and also on the basis of the availability of stock.Culinary Treats Program:
A gastronomical treat awaits ICICI card holders! Customers can enjoy dining benefits at top restaurants in India and get discounts on dining bills as part of the Culinary Treats Program. Card holders can enjoy up to 15% off on dining bills at over 800 partner restaurants. The ICICI Bank Culinary Treats mobile application can also be used to avail dining discounts.MasterCard Moments:
The MasterCard Moments program offers exclusive dining deals, shopping and lifestyle privileges, golf packages, tailor made online shopping offers, exclusive MasterCard airport lounge access, travel, hotel accommodation and spa packages for ICICI Bank Coral Contactless Credit Card customers.Airport Lounge Access:
ICICI Bank Coral Contactless Credit Card holders can enjoy access to MasterCard airport lounges at both international and domestic terminals, across India. Customers can get up to two complimentary visits for one quarter. After that, card holders can get any number of paid access, along with guests.Fuel Surcharge Waiver:
ICICI offers a surcharge waiver of 2.5% on fuel transactions done using the ICICI Bank Coral Contactless Credit Card. This waiver is applicable only at HPCL petrol bunks and the payment must be made on ICICI Merchant Services swipe machines. This offer is applicable on maximum value of Rs 4000 per fuel transaction.
Carrying a bouquet of features, the ICICI Bank Coral Contactless Credit Card is truly a shopper’s delight.Annual Fees:
ICICI charges a joining fee of Rs 1000 and an annual fee of Rs 500 plus service tax from the second year of usage. The annual fee for the subsequent year will be waived off if the total spend on an ICICI Bank Coral Contactless Credit Card is over Rs 1, 25,000, for the previous year.MasterCard contactless:
An ICICI Bank Coral Contactless Credit Card comes with built-in MasterCard contactless technology for making payments, Customers have to just tap the card at PoS terminals and finish their purchase transactions. A PIN number is not required for this type of transaction and every payment is protected by multi-tier security systems. At MasterCard Contactless enabled merchant outlets, customers have to just tap the card on the PoS machine, until they hear a beep or see a green light. A receipt is generated after that, which confirms the completion of the card transaction.Rewards Program:
ICICI Bank offers one of the best loyalty programs in India - PAYBACK, through which rewards points can be earned on both online and offline purchases.
Accumulated rewards points can be redeemed for cash or for any gift from the online rewards catalogue. To redeem accrued points as cash, customers have to call the dedicated helpline and have the cash amount credited to their credit card account within seven working days. Card holders can initiate gift redemptions by calling the helpline or by placing a request online on the PAYBACK portal. The gift will be delivered within ten working days.
The ICICI Bank Coral Contactless Credit Card offers maximum savings to customers, when they use their credit cards on a monthly basis. The following table illustrates the savings that can be done by an ICICI customer.
|Experience Entertainment - Two free movie tickets||Rs. 6000|
|MasterCard / VISA Airport Lounge Access||Rs 6400|
|Culinary Treats Program - 15% off on dining bills||Rs 3,600|
|Cash Rewards - With a monthly purchase amount of Rs 5000 on grocery, at supermarkets and dining.||Rs. 600|
|Cash Rewards - With a monthly purchase amount of Rs 5000 - Other transactions||Rs. 300|
|Fuel Surcharge Waiver of 2.5%||Rs. 1500|
|Total Savings||Rs. 18,400|
Salaried employees, salaried doctors, self-employed businessmen and professionals are eligible to apply for an ICICI Bank Coral Contactless Credit Card.
NIL - First Year
From the Second Year - Rs 500
|Joining Fees||Rs 1000|
|Add-on Card - Annual Fees||NIL|
|Overdue Interest on Extended Credit|
Monthly - 3.40%
Annually - 40.80%
|Interest Rate - Cash Advance|
Monthly - 3.40%
Annually - 40.80%
|Interest Rates - On Total Amount Due||1.25% to 3.50% per month|
|Interest Free Period||18 to 48 days|
|Transaction Fee - Cash Advance||2.5% of the advance amount or a minimum of Rs 300|
|Transaction Fee - Dial-a-draft||3% of the draft amount or a minimum of Rs 300|
|Auto-Debit return fee / Return of cheque||2% of the total amount due or a minimum of Rs 250.|
|Request for Duplicate statements||Rs 100|
|Card Replacement Fee||Rs 100|
|Over limit Fee||2.5% of the over limits amount or a minimum of Rs 500|
Late Payment Charges:
|Total Amount Due||Charges for Late Payments|
|Below Rs 100||NIL|
|Between Rs 100 and Rs 500||Rs 100|
|Between Rs 500 and Rs 10000||Rs 500|
|Between Rs 10000 and Rs 20000||Rs 600|
|Above Rs 20000||Rs 700|
Customers have to pay a minimum amount of 5% of the outstanding amount as per the credit card statement issued.
Customers can use the following modes to make payments towards their outstanding credit card bills -
Card holders can preset their monthly spending limit on their supplementary credit cards. Transactions above this limit will be automatically declined.
Through the auto debit facility customers can set standing instructions to pay the minimum amount due or the total amount due on their ICICI Bank Coral Contactless Credit Cards directly from their bank accounts.
Yes, customers can use the revolving credit facility to pay the total amount due or only the minimum amount due or pay any amount between the two. The remaining amount will be carried forward to the next billing statements period.