ICICI Bank is now offering the Coral Rupay Credit Card as a lifetime free option. What’s particularly interesting about this card is that you can link it to UPI on payment apps like PhonePe, Google Pay, and more. This means you can use it to make UPI payments at any merchant across India. Plus, there’s a little something extra in it for you – you’ll earn reward points for every UPI transaction you make with this card.
Now, let’s talk about the RBI (Reserve Bank of India) and their recent announcement in April 2023. They’ve given the green light for banks to link credit cards with UPI. But there’s a catch – this privilege is currently exclusive to Rupay credit cards. And guess what? The Coral Rupay card from ICICI Bank proudly stands as the very first credit card to be issued on the Rupay platform by them. It’s all about innovation and convenience for you, the customer.
|Type||Rewards Credit Card|
|Reward Rate||Upto 2%|
|Annual Fee||500 INR+GST, waived off if you spend more than Rs. 1,50,000 in the previous year|
|Best use||2000 Reward Points every time you spend Rs 2,00,000 on your Card and 1,000 Reward Points every time you spend Rs 1,00,000|
|Best Feature||In an anniversary year; Maximum 10,000 rewards points per year|
|Helpline number||1800 103 8181 / 1800 102 4242|
Eligibility for ICICI Coral RuPay Credit Card
For existing ICICI Bank customers who currently hold an active credit card with the bank, there is no fee for ICICI Coral Rupay credit card. You can access this card as a pre-approved offer within the ICICI iMobile Pay app, with just a single click to activate it.
Also Read: IndusInd pinnacle credit card
It’s worth noting that individuals who aren’t customers of ICICI Bank won’t qualify for this pre-approved offer, even if they have a strong credit history. Instead, they will need to manually apply for the card and be prepared to pay annual fees of Rs 499 plus GST.
For those who already maintain a savings account with ICICI but haven’t yet obtained an ICICI credit card, there may be selective approvals available on a case-by-case basis. We’re here to explore the possibilities for you.
Fee and charges
|Fee Type||Fee Amount (INR)|
|Joining Fee||500 + GST|
|Renewal Fee||500 + GST (Reversal on annual spends of ₹1.5 Lakh)|
|Add-on Card Fee||Nil|
|Cash Withdrawal Fee||2.5% or ₹500, whichever is higher|
|Interest on Cash Advance||1.99% per month, min ₹300|
|Card Replacement Fee||₹100 (₹199 for ICICI Bank Expressions Credit Card)|
|Reward Point Redemption Fee||₹99|
|Renewal Fee Waiver||Spend ₹1.5 Lakhs|
|IRCTC Booking||1.8% of transaction amount + all applicable taxes|
Also Read: 6 Best Rupay Credit Cards for Fuel purchase
Late payment Charges for ICICI Coral RuPay Credit Card
|Total Amount Due Range||Late Payment Charges||Late Payment Charges (w.e.f Feb 10, 2022)|
|Less than ₹100||None||None|
|₹100 – ₹500||₹100||₹100|
|₹501 – ₹5,000||₹500||₹500|
|₹5,001 – ₹10,000||₹500||₹750|
|₹10,001 – ₹25,000||₹750||₹900|
|₹25,001 – ₹50,000||₹750||₹1000|
|More than ₹50,000||₹750||₹1200|
Benefits of ICICI Coral RuPay Credit Card
- On Every ₹100 Spent on Your Card (Except Fuel):
- Reward: 2 Reward Points
- On Every ₹100 Spent on Utilities and Insurance Categories:
- Reward: 1 Reward Point
- 25% Discount on BookMyShow and Inox:
- Benefit: Get up to ₹100 discount.
- Personal Accident Insurance Cover:
- Coverage: ₹2 Lakh
- 25% Discount on Movie Tickets with BookMyShow and Inox:
- Details: You can avail this offer twice a month. The total cost of two tickets, per transaction, should be more than Rs 400. The maximum discount per transaction is Rs 100.
- 1% Fuel Surcharge Waiver:
- Details: Applicable for transactions between Rs 400 and Rs 4,000 at all HPCL petrol pumps, with a maximum monthly capping of Rs 250.
- Airport Lounge Access:
- Benefit: 1 COMPLIMENTARY ACCESS PER QUARTER to select airport lounges in India.
- Domestic Railway Lounge Access:
- Benefit: 1 COMPLIMENTARY ACCESS PER QUARTER.
The real USP (Unique Selling Point) of this credit card is its RuPay payment gateway. While the rewards it offers are quite average and similar to what you’d find in most cards of this kind, it’s worth noting that there are other cashback cards out there that might give you more cashback. However, what sets this card apart is the inclusion of complimentary access to airport lounges, a feature not commonly found in many cards. So, if you’re on the lookout for a basic credit card with the added perk of lounge access, this card could be just the one for you
What is the joining fee for the ICICI Coral RuPay Credit Card?
If you are an existing credit cardholder of ICICI bank then the joining fee for you is 0 else it is 500+GST.
What is the reward point redemption fee for the ICICI Coral RuPay Credit Card?
The reward point redemption fee for the ICICI Coral RuPay Credit Card is Rs. 99.
How many lounge access I get for the ICICI Coral RuPay Credit Card?
ICICI Coral RuPay Credit Card gives you 1 domestic airport lounge access per quarter and 1 railway lounge access per quarter.
Are there any charges for ICICI coral RuPay credit card UPI payment?
No there are no charges for UPI payment from RuPay credit cards. This service is free for all customers.