What is the joining bonus?

None exists. The Coral doesn't come with a welcome voucher, which means the ₹500 joining fee only pays for itself gradually, through the movie and lounge perks over time.

Is there lounge access?

There's one airport lounge visit allowed each quarter, though the 2026 changes tied it to ₹75,000 of spend in the quarter before — a bar most people carrying a starter card won't clear. Railway lounge access (four visits a year, one per quarter) has no such condition attached. Under the card's current terms: one domestic airport lounge entry per quarter requires ₹75,000 spent in the prior calendar quarter, while the four annual railway lounge visits (one each quarter) come with no spend requirement at all — so the total allowance works out to one visit per quarter, four a year.

What is the ICICI Reward Point value?

Around ₹0.25 per point in typical use. At 2 points per ₹100 spent, that comes out to a 0.5% return — unremarkable, but steady. On an effective-return basis this card tops out at 0.5% in the 'other' category — a figure reflecting real value once points are converted at this card's rate, not the raw points-per-₹100 number.

How does the movie benefit work?

It's a partial discount rather than a free ticket. Cardholders get 25% off, capped at ₹100, on BookMyShow and INOX bookings, usable twice monthly — but per ICICI's revision from 15 Jan 2026, only if ₹25,000 was spent on the card the quarter before.

Is there a cap on reward points?

There is. As of 15 November 2024, earning stops past ₹40,000 in utility spend, ₹40,000 in insurance, and ₹20,000 in grocery and department-store spend within a single statement cycle — each ceiling worth 400 points. Spend beyond those limits earns zero points.

Should I get Coral or Amazon Pay?

For Amazon Prime subscribers, Amazon Pay is the clear pick — it's free for life and earns better rewards. Coral makes more sense for ICICI customers without Prime, or for anyone who wants lounge access and can reliably clear the quarterly spend gates now required to unlock it.

How has the ICICI Bank Coral Credit Card changed over time?

This page's dated Value Timeline for the ICICI Bank Coral Credit Card logs 7 changes going back to 2013 — 5 of them devaluations, none improvements, with the remainder being neutral events like launches or restructuring. The latest entry marks the BookMyShow movie benefit turning spend-gated (1 April 2026). Every entry is sourced, so figures can be checked against ICICI's own documentation.

Has the ICICI Bank Coral Credit Card been devalued recently?

It has — our tracking counts 4 devaluations to the ICICI Bank Coral Credit Card over the past 24 months. The latest, effective 1 April 2026, made the BookMyShow movie benefit spend-gated: previously an unconditional 25% off (up to ₹100) on BookMyShow and INOX twice monthly, it now requires ₹25,000 of spend in the prior quarter to qualify for the same discount. The complete dated record, with sources, sits in this page's Value Timeline.

How did the ICICI Bank Coral Credit Card change in 2026?

In 2026, our records show 2 changes to the card, both cuts: transport-category earning got capped (1 February 2026), and the BookMyShow movie benefit became spend-gated (1 April 2026). The larger of the two: before 1 April 2026, the BookMyShow/INOX discount of 25% up to ₹100 was available twice monthly with no conditions; afterward, the same discount requires ₹25,000 of spend in the previous quarter. Every change, with its date and source, appears in this page's Value Timeline.

ICICI BankENTRY

ICICI Bank Coral Credit Card

4.1 / 5SarvCred Editorial Review

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ICICI Bank

ICICI Bank Coral Credit Card

Name: ICICI Bank Coral Credit Card
Brand: SarvCred
Rating: 4.1 (1 reviews)

Entry levelFee variesRewardsFuelTravelDining

ICICI Coral is the bank's long-standing starter card — modest reward-point earning, a BookMyShow/INOX movie discount and a quarterly railway/airport lounge visit. It earns 2 ICICI Reward Points per ₹100 (~0.5% at about ₹0.25/point) and 1 RP per ₹100 on utilities and insurance, with a 1% HPCL fuel surcharge waiver; the ₹500 fee waives at ₹1.5 lakh. Since 15 Nov 2024 ICICI has also capped the spend that earns at all: ₹40,000 a statement cycle on utilities, ₹40,000 on insurance and ₹20,000 on groceries and departmental stores — 400 points each, then nothing. The 2026 devaluation reached even here: the movie discount is now gated behind ₹25,000 of quarterly spend, airport lounge access behind ₹75,000/quarter, and transport spends (MCC 4111/4112/4784/4131) capped at ₹10,000/month from Feb 2026 — thresholds the lighter spenders a starter card targets will struggle to clear (the railway lounge, 1/quarter, stays unconditional). ICICI's own free Amazon Pay card out-earns it for most people.

Key features

What this card is built to do — the highlights that actually matter.

⭐

0.5% on Other

2 ICICI Reward Points per ₹100 (~0.5% at ~₹0.25/point)

⭐

0.5% on Groceries

2 ICICI Reward Points per ₹100 on grocery and departmental stores — the retail rate, but rewarded grocery spend is capped at ₹20,000 per statement cycle (400 RP) since 15 Nov 2024.

✈

️ Airport Lounge Access

1 complimentary visits per quarter at domestic and international airport lounges

💳

Annual Fee Waiver

Fee of ₹500 + 18% GST (₹590 all-in)/yr fully waived when you spend ₹1,50,000/year

⛽

Fuel Surcharge Waiver

1% waiver on fuel transactions, capped at ₹500/month

🎬

Movie Ticket Benefit

25% off up to ₹100 on BookMyShow and INOX, twice a month, gated behind ₹25,000 of spend in the preceding quarter (ICICI's 15 Jan 2026 revision)

Full reward structure

Category	Type	Rate	Monthly cap
Other	reward points	0.5%	—
Groceries	reward points	0.5%	₹100
Utility Bills	reward points	0.25%	₹100
Insurance	reward points	0.25%	₹100

Fees & charges

Charge	Amount
Annual fee (incl. 18% GST)	₹590
Joining fee (incl. 18% GST)	₹590
Finance charge (APR)	3.75% p.m.
Forex markup	3.5%
Fuel surcharge waiver	1%, cap ₹500

Perks & benefits

Estimated annual value beyond rewards — ~₹4,800/yr in total.

✈

️ lounge access ~ ₹3,000 /yr

1 domestic airport lounge visit per quarter, unlocked by spending ₹75,000 in the previous calendar quarter; plus 4 railway lounge visits a year (1 per quarter) with no spend condition

⛽

fuel waiver ~ ₹600 /yr

1% fuel surcharge waiver on transactions of ₹400–₹4,000 at HPCL pumps, on up to ₹50,000 of fuel spend per statement cycle

🎬

movie ticket ~ ₹1,200 /yr

25% off up to ₹100 on BookMyShow and INOX, twice a month, gated behind ₹25,000 of spend in the preceding quarter (ICICI's 15 Jan 2026 revision)

Should you get it?

Best for: Everyday spenders, Online shoppers

Mid tier — a solid all-rounder for steady monthly spend.

Strongest value if you spend heavily on Other ( 0.5% back).

Frequent travellers benefit from the included airport lounge access.

✓ Pros

Movie and lounge perks for spenders who clear the quarterly thresholds
4 railway lounge visits a year with no spend condition
Simple, accessible entry/mid-tier card

✕ Cons

Annual fee applies unless the spend-based waiver is met
Movie and lounge perks now gated behind ₹25,000–₹75,000 quarterly spend
Utility, insurance and grocery spend stops earning past ₹40k/₹40k/₹20k a statement cycle
Thin ~0.5% base earn — the free Amazon Pay ICICI out-earns it for most people

Eligibility & documents

Age

21 –65 years

Min. income

₹20,000 /mo

Employment

Salaried · Self-employed · Student

Documents required

PAN card
Aadhaar / valid address proof
Latest 3 months bank statement
Income proof — salary slips (salaried) or ITR (self-employed)
Recent passport-size photograph

How to redeem rewards

Ways to convert what you earn into real value.

🎁 Statement credit / cashback adjustment

🎁 Online rewards catalogue (vouchers, merchandise)

🎁 Flight & hotel bookings via the issuer rewards portal

🎁 Airline / hotel partner point transfers (on eligible cards)

What your ICICI Reward Points are worth

Realistic value per point by redemption route — the difference is what most people leave on the table.

Statement credit BEST 1 RP = ₹0.40 against the statement — ICICI's only published rate

₹ 0.40 /pt

Amazon / Flipkart vouchers BEST Voucher store; ICICI publishes only an 'up to ₹1' ceiling, never a realised rate

₹ 0.40 /pt

iShop flights & hotels BEST iShop travel; rate is set per card at checkout, so the ₹1 ceiling is not a value

₹ 0.40 /pt

Air India Maharaja transfer Air India is ICICI's only transfer partner, and the ratio splits 6x by card: Emeralde Private Metal and Times Black convert 1:1 (⇒ ₹1/pt), every other eligible card 6:1 (⇒ ₹0.17/pt — worse than the ₹0.40 voucher route, so on those cards transferring destroys value). Min 2,000 points; credited in up to 5 working days.

₹ 0.17 /pt

✈ Transfer partners ✈ Air India Maharaja Club ( 6:1 ) Value your balance: ICICI Reward Points ✈ Air India Maharaja Club ( 6:1 ) ₹ 1,700 vs. typical redemption ₹ 4,000 Direct transfers from this card only, ranked by what a point is worth in the destination programme . Full calculator, every currency → The concern The headline movie and lounge benefits now require ₹25,000–₹75,000 of quarterly spend, so the lighter spenders this card targets may never trigger them; the base earn is just ~0.5%, and utility, insurance and grocery spend stops earning past ₹40k/₹40k/₹20k a statement cycle.

The bottom line

The Coral still works as a reasonable first card from ICICI, but the 2026 cuts locked its movie and lounge perks behind ₹25k and ₹75k quarterly spending thresholds — precisely the kind of spend a typical starter-card holder can't reliably guarantee. The base earn rate of 2 RP per ₹100 (about 0.5%) is unimpressive, the bill-payment categories that used to add value are now capped between ₹20k and ₹40k per cycle, and for most applicants the fee-free Amazon Pay ICICI card will simply earn more.

Sources & verification

Fees, reward rates, and benefits for the ICICI Bank Coral Credit Card are taken from ICICI Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 13 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →

Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for ICICI Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.

Value timeline

Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.

Tracking since 2013 · 7 changes · last change Apr 2026

▲ Revaluation ▼ Devaluation ◆ Neutral / reversed

2026 2 changes — 2 cuts

▼ Benefit Observed 17 Dec 2025 · Effective 1 Apr 2026

BookMyShow movie benefit becomes spend-gated

Ungated — 25% off up to ₹100 on BookMyShow and INOX, twice a month → Same discount, but requires ₹25,000 spend in the previous quarter

As part of ICICI's 2026 portfolio devaluation, from 1 Apr 2026 the Coral's BookMyShow and INOX offer — 25% off up to ₹100, twice a month; a discount, not a complimentary ticket — is unlocked only if the cardholder spent at least ₹25,000 in the preceding calendar quarter. It is the last of the card's marquee entry-level perks (movie + lounge) to move from unconditional to spend-gated.