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

Introduction

The Coral Forex Prepaid Card, issued by ICICI Bank, is designed for international travelers, particularly those on leisure trips, seeking a convenient and rewarding experience abroad. It offers benefits worth ₹3,000, including an Uber voucher and comprehensive lost card liability coverage, ensuring peace of mind and added value during your travels. The card also provides free travel insurance and facilitates easy reloading and online card management.

Welcome Perks & Issuance Benefits

• BookMyShow Voucher: Get a voucher worth ₹500.
• Uber Voucher: Receive a ₹500 Uber voucher upon buying the Forex Prepaid Card and loading a minimum of USD 1,000.
• Card Protection Plus Insurance: Includes insurance cover worth ₹1,600.
• Complimentary International SIM: Offered by Visa, eligible cardholders can avail this benefit.
  • To avail, log in using the card number on the Visaforex platform, copy a unique code, and visit the e-SIM/SIM card vendor's platform.
  • Select preferred call plan details and complete the KYC process by uploading necessary documents.
  • Choose between an e-SIM (QR code sent via email) or a physical SIM card.
  • For a physical SIM card, a delivery charge of ₹100 applies for shipping to the cardholder's address.
• Free Replacement Card: Provided in case the primary card is lost or damaged.

Supported Currencies & Wallet Features

• The card offers multiple currency support, as highlighted by customer feedback.
• Specific supported currencies (e.g., USD, EUR, GBP, AED) are not explicitly listed in the provided content.
• Details on exchange rate lock-in versus live rates are not specified.

Fees and Charges

• Issuance Fee (Joining Fee): ₹499 + GST.
• Annual Fee: No annual fee for continued use of the card.
• Card Replacement Fee: Free.
• Physical SIM Card Delivery Charge: ₹100 (if opting for a physical international SIM card).
• Reloading Fee: Not specified.
• Unloading/Refund Fee: Not specified.
• Cross-Currency Markup: Not specified.
• International ATM Withdrawal Fees: Not specified.
• Balance Enquiry Fee: Not specified.
• Inactivity Fee: Not specified.

Travel Features & Insurance

• Free Travel Insurance: Included with the card.
• Card Protection Plus Insurance: Worth ₹1,600.
• Lost Card Liability Coverage: Provides coverage of up to ₹5,00,000 in case of card loss or theft.
• Complimentary International SIM: As detailed under Welcome Perks & Issuance Benefits, including options for e-SIM or physical SIM.
• Free Replacement Card: Available if the primary card is lost or damaged.
• High-Level Security: The card comes with an embedded microchip for enhanced security in every transaction.

How to Manage the Card

• Easy Reload and Online Card Management: The card is designed for convenient fund loading and online management.
• Application Process:
  • Existing ICICI Bank customers can apply via Internet Banking.
  • New customers can apply online through a provided link.
  • Applications can also be made through the iMobile app or by visiting any ICICI Bank Forex Branch.
• Fund Loading: Funds can be added to the Forex Card in easy steps, as indicated by available resources.
• Card Blocking/Unblocking: Details on blocking/unblocking are not explicitly mentioned but implied by "online card management."
• Tracking LRS Limits: Details on tracking LRS limits are not explicitly mentioned.

Forex Card Review

The Coral Forex Prepaid Card from ICICI Bank is an excellent companion for international travelers, particularly those on leisure trips, offering a blend of convenience, security, and value. It is highly recommended for frequent travelers due to its wide global acceptance, competitive exchange rates, and features that minimize the risk of carrying large sums of cash. Users appreciate its multiple currency support, online card management capabilities, and the ease of loading funds. The card's benefits, including various vouchers, insurance covers, and a complimentary international SIM, enhance the overall travel experience, making international trips stress-free and enjoyable.

Important Product Details

• Card Name: Coral Forex Prepaid Card
• Issuing Bank: ICICI Bank
• Network: Implied to be Visa, given the "Visaforex" platform for SIM card offers.
• Key Benefits:
  • Benefits worth ₹3,000, including an Uber voucher and lost card liability coverage.
  • Free Travel Insurance.
  • ₹500 BookMyShow voucher.
  • ₹500 Uber voucher (on loading min USD 1,000).
  • ₹1,600 Card Protection Plus insurance.
  • Lost Card Liability Coverage up to ₹5,00,000.
  • Complimentary International SIM card.
  • Free replacement card.
  • No annual fee.
  • Hassle-free documentation.
  • Personalised service through a Relationship Manager.
  • Embedded microchip for high security.
  • Wide global acceptance.
  • Competitive exchange rates.
  • Minimizes the risk of carrying cash.
  • Easy reload and online card management.
• Key Charges:
  • Joining fee of ₹499 + GST.
  • ₹100 delivery charge for a physical international SIM card.

Other Details

• Voucher Redemption:
  • Uber 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.
• Terms & Conditions: Refer to the Most Important Terms & Conditions (MITC) for other applicable charges and detailed product guidelines.