ICICI Coral RuPay Credit Card: Benefits, Fees, and More


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.


TypeRewards Credit Card
Card networkRuPay
Reward RateUpto 2%
Annual Fee500 INR+GST, waived off if you spend more than Rs. 1,50,000 in the previous year
Best use2000 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 FeatureIn an anniversary year; Maximum 10,000 rewards points per year
Helpline number1800 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 TypeFee Amount (INR)
Joining Fee500 + GST
Renewal Fee500 + GST (Reversal on annual spends of ₹1.5 Lakh)
Welcome BenefitNil
Add-on Card FeeNil
Cash Withdrawal Fee2.5% or ₹500, whichever is higher
Interest on Cash Advance1.99% per month, min ₹300
Card Replacement Fee₹100 (₹199 for ICICI Bank Expressions Credit Card)
Reward Point Redemption Fee₹99
Renewal BenefitNil
Renewal Fee WaiverSpend ₹1.5 Lakhs
IRCTC Booking1.8% 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 RangeLate Payment ChargesLate Payment Charges (w.e.f Feb 10, 2022)
Less than ₹100NoneNone
₹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

UPI Charges for ICICI Coral RuPay Credit Card

The RuPay credit card will not take any charges on UPI transactions up to Rs 2,000.  Merchants will pay the MDR fee for transactions above ₹2000, with no extra cost for customers.

It is important to note that NPCI’s 1.1% charge on merchant UPI transactions, starting April 1, 2023, doesn’t affect UPI users. it is only applicable to merchants, especially those dealing with transactions above ₹2,000 via prepaid wallets, who will now bear this fee. However, this change also brings opportunities. The integration of RuPay credit cards with UPI offers a promising avenue to expand digital payments, particularly for small vendors. Furthermore, recent updates enabling pre-sanctioned credit lines and UPI’s international reach hint at a future of greater choices and convenience for users.

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

Additional Benefits:

  • 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:


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


  1. 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.

  2. 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.

  3. 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.

  4. 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.

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