INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official icicibank.com (ICICI Bank Ltd.) Most Important Terms and Conditions (MITC).

🏛️ICICI Bank Ltd.Network: RuPayShopping & Rewards CardsLast Verified: 2026-09-28

ICICI Coral Contactless Credit Card (RuPay)

आईसीआईसीआई कोरल कॉन्टैक्टलेस क्रेडिट कार्ड (रुपे)

Flagship RuPay credit card linkable to UPI apps for merchant QR payments, 25% off BookMyShow tickets, and airport & railway lounge access.

Annual Fee₹500 + GST (Renewal: ₹500 + GST)

Reward Rate2 ICICI Reward Points per ₹100 spent on all UPI merchant transactions and retail purchases (excluding fuel). 1 Reward Point per ₹100 on utility and insurance spends.

Airport Lounge1 complimentary domestic airport lounge visit per calendar quarter upon spending ₹35,000 in preceding quarter. 1 complimentary domestic railway lounge visit per quarter.

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

ICICI Coral Contactless Credit Card (RuPay) is ICICI Bank's flagship RuPay credit card engineered for the UPI era. It allows cardholders to link their credit card directly to UPI apps (Google Pay, PhonePe, Paytm, BHIM) to make instant merchant QR code payments on credit while earning reward points, 25% off on BookMyShow, and domestic airport lounge access.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹500 + GST (Renewal: ₹500 + GST)

Fee Waiver: Spend ₹1,50,000 or more in each preceding anniversary year to get the annual renewal fee of ₹500 waived.

🎁Welcome Benefit

Bonus ICICI Reward Points credited upon fee payment and first UPI scan-and-pay transaction.

⚡Reward Points Structure

2 ICICI Reward Points per ₹100 spent on all UPI merchant transactions and retail purchases (excluding fuel). 1 Reward Point per ₹100 on utility and insurance spends.

Redemption Value: 1 ICICI Reward Point = ₹0.25 (4 Reward Points = ₹1.00) redeemable against catalog merchandise, shopping vouchers, or statement credit.

🛫Airport & Railway Lounge Access

1 complimentary domestic airport lounge visit per calendar quarter upon spending ₹35,000 in preceding quarter. 1 complimentary domestic railway lounge visit per quarter.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Personal accidental death cover of ₹2 Lakhs under NPCI RuPay insurance scheme.

Fuel Surcharge: 1% fuel surcharge waiver across all fuel stations in India on transaction amounts between ₹400 and ₹4,000.

🎯Milestone Spends & Grace Period

Milestones: Seamless UPI linkage on Google Pay, PhonePe, Paytm, and iMobile Pay for scan-and-pay transactions at any merchant QR code. 25% discount on BookMyShow/INOX tickets twice a month.

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Peer-to-peer (P2P) transfers to personal bank accounts over UPI are not permitted under RBI guidelines. Domestic lounge access requires spending ₹35,000 in the preceding quarter. Base reward rate is 0.50%.

Forex Markup Fee3.50% + GST on foreign currency transactions.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% monthly finance charges.

Finance Charges (Interest)3.50% per month (42.00% per annum) on revolving balances.

Late Payment SlabsNil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).

Reward Points ExpiryReward points expire 3 years (36 months) from the date of accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, wallet top-ups, rent payments, educational institutional fees, and government tax payments.

Eligibility Criteria

Salaried Indian individuals aged 21 to 60 with monthly salary exceeding ₹25,000. Self-employed individuals aged 21 to 65 with annual ITR exceeding ₹3,00,000.

Age Requirement21 to 60 Years

Minimum Income₹25,000/month (Salaried) / ₹3,00,000/year ITR (Self-Employed)

CIBIL Score NoteA credit score of 720+ is standard. Existing ICICI credit cardholders can generate this RuPay virtual card instantly in iMobile app.

SBI RelationshipNot mandatory. Open to all qualifying Indian citizens.

How to Apply (Official Procedure)

Online Digital Application Flow

1Open iMobile Pay app or visit icicibank.com/coral-rupay.

2Enter PAN and mobile number for instant eligibility check.

3Select ICICI Coral RuPay Credit Card.

4Enter employer details and monthly salary.

5Complete online Video KYC session with bank official.

6Virtual card generated instantly for UPI linking; physical contactless card dispatched within 3 business days.

Branch Application for Offline Applicants

Apply at any ICICI Bank branch with self-attested copies of PAN, Aadhaar, salary slip, and a passport-size photo.

Visit Official Card Page (icicibank.com)Download Official MITC (PDF)

Documents Required

1. PAN Card (statutory requirement)

2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID

3. Proof of Income: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Sheet

4. Passport-size photograph.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on ICICI Coral Contactless Credit Card (RuPay)?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,000 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).. In addition, revolving finance charges at 3.50% per month (42.00% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on ICICI Coral Contactless Credit Card (RuPay) into EMI?

Yes, ICICI Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on ICICI Coral Contactless Credit Card (RuPay)?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into ICICI Bank Ltd.'s official mobile banking application or web portal. 1 ICICI Reward Point = ₹0.25 (4 Reward Points = ₹1.00) redeemable against catalog merchandise, shopping vouchers, or statement credit. Please note: Reward points expire 3 years (36 months) from the date of accrual.

What is the interest-free grace period on ICICI Coral Contactless Credit Card (RuPay) and how does it work?

The interest-free period on ICICI Coral Contactless Credit Card (RuPay) is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.50% per month (42.00% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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