ICICI Bank Coral Forex Prepaid Card – Benefits, Fees & Eligibility

Introduction

The Coral Forex Prepaid Card, issued by ICICI Bank, is designed to make international trips convenient and rewarding for individuals, particularly leisure travelers. It offers benefits worth ₹3,000, including an Uber voucher and lost card liability coverage, along with free travel insurance and easy online card management. The card aims to provide security and peace of mind with its embedded microchip and comprehensive protection features.

Welcome Perks & Issuance Benefits

• Joining Benefits worth INR 5000: A summary of various benefits provided upon card acquisition.
• BookMyShow Voucher: A voucher worth ₹500.
• Uber Voucher: A ₹500 Uber voucher is provided upon buying the Forex Prepaid Card and loading a minimum of USD 1,000.
• Card Protection Plus Insurance: Insurance coverage worth ₹1,600.
• Complimentary International SIM: Get a complimentary international SIM card offered by Visa.
• Free Replacement Card: A free replacement card is provided in case the primary card gets lost or damaged.

Supported Currencies & Wallet Features

• The card offers multiple currency support, allowing for versatile use across different countries.
• Specific currencies or exchange rate lock-in features are not detailed in the provided content.

Fees and Charges

• Annual Fee: There is no annual fee for continued use of the card.
• Joining Fee: ₹499 + GST.
• Physical SIM Card Delivery Charge: A delivery charge of ₹100 applies for shipping a physical SIM card to the cardholder's address.
• Other Charges: Cardholders should refer to the Most Important Terms & Conditions (MITC) for details on other applicable charges.

Travel Features & Insurance

• Free Travel Insurance: Comprehensive travel insurance is included with the card.
• Card Protection Plus Insurance: Insurance worth ₹1,600 is provided.
• Lost Card Liability Coverage: Coverage of up to ₹5,00,000 in case of card loss, offering financial protection and security during travel.
• Replacement Card: A free replacement card is available if the primary card is lost or damaged.
• International SIM: A complimentary international SIM card is offered by Visa.
• Security: The card comes with an embedded microchip for high-level security in every transaction.

How to Manage the Card

• Application Process:
  • Existing ICICI Bank customers can apply by logging into Internet Banking.
  • New customers can apply via a provided link.
  • Application is also possible through the iMobile app or by visiting any ICICI Bank Forex Branch.
  • Hassle-free documentation is available via the iMobile app or at ICICI Bank Branches.
• Fund Management: The card offers easy reload and online card management features.
• Voucher Redemption:
  • Uber Gift Voucher: Redeem by visiting the Uber-e Gift Card page, entering email ID and mobile number, applying the voucher code, and placing the order to receive Uber credits.
  • BookMyShow Voucher: Redeem on the BookMyShow website or app by choosing ‘Gift Voucher’ as the payment method and entering the voucher number.
• International SIM Availment:
  • Eligible cardholders can avail the benefit by visiting visaforex.poshvine.com.
  • Login using the card number and other details to check validity.
  • Copy the unique code from the offer tile and click the link to visit the e-SIM/SIM card vendor's platform.
  • Select preferred call plan details on the vendor's platform.
  • Complete the KYC process by uploading necessary details via an email link.
  • After KYC, choose between an e-SIM (QR code sent via email for activation) or a physical SIM card (enter delivery address and pay ₹100 delivery charge).

Forex Card Review

The ICICI Bank Coral Forex Prepaid Card is a reliable and rewarding companion for international travelers, offering convenience, security, and value. It is highly recommended for frequent travelers due to its multiple currency support, wide global acceptance, and competitive exchange rates, which help minimize the risk of carrying large sums of cash. The card's online management features and easy fund loading enhance the user experience, making international trips stress-free and enjoyable. Its security features, including an embedded microchip and lost card liability coverage, provide significant peace of mind.

Important Product Details

• Positive Highlights:
  • Benefits worth ₹3,000, including Uber voucher and lost card liability coverage.
  • Free Travel Insurance.
  • Joining Benefits worth INR 5000 (including BMS voucher, Uber voucher, Card Protection Plus insurance, complimentary international SIM, and free replacement card).
  • Lost Card Liability Coverage up to ₹5,00,000.
  • No annual fee for continued use.
  • Easy Reload and Online Card Management.
  • Hassle-free documentation.
  • Personalised service available through Relationship Managers.
  • Embedded microchip for high-level security.
  • Wide acceptance globally, ensuring smooth transactions at various merchants and ATMs.
  • Offers competitive exchange rates.
• Negative Highlights:
  • A joining fee of ₹499 + GST applies.
  • A delivery charge of ₹100 is applicable for a physical international SIM card.
• Network Acceptance: The card is offered by Visa, indicating wide global acceptance.

Other Details

• For a comprehensive list of all charges and terms, cardholders are advised to refer to the Most Important Terms & Conditions (MITC).
• Personalised service is available, allowing cardholders to reach out to their Relationship Manager for assistance.