InterMiles ICICI Bank Coral Credit Card – Benefits, Fees & Eligibility

Introduction

The InterMiles ICICI Bank Coral Credit Card is a co-branded travel credit card issued by ICICI Bank in partnership with intermiles.com. Positioned as a mid-range travel card, it offers customers the opportunity to earn up to 7.5 InterMiles on every Rs. 100 spent, especially on travel bookings. Key benefits include a welcome bonus of 2,500 InterMiles and travel vouchers, complimentary domestic airport lounge access, and discounts on movies and dining.

Welcome Benefits

• Receive 2,500 bonus InterMiles on joining.
• Avail exclusive flights and hotels discount vouchers on booking from www.intermiles.com.
• Get a flight discount voucher of Rs. 250 and a hotel discount voucher worth Rs. 500 as welcome benefits, applicable only on booking flights through www.intermiles.com.
• Welcome benefits are received within 45 days post joining.
• Receive 1,250 bonus InterMiles every year as a renewal benefit.
• Renewal privileges are received within 45 days after the annual fee payment.

Fees

• Joining Fee: Rs. 1,250 + GST
• Annual Fee: Rs. 1,250 + GST
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: Rs. 99 (plus applicable taxes) per redemption request.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates: 3.4% per month (40.8% per annum).
• Fuel Surcharge Waiver: Avail a waiver of 1% fuel surcharge on the purchase of fuel up to Rs. 4,000 from HPCL pumps when swiping on ICICI Bank machines.
• Cash Advance Charges: 2.5% (subject to a minimum of Rs. 300).
• InterMile Uncapping Fee: Rs. 7,500 is levied when the annual InterMiles cap is reached.

Rewards

• Reward Type: Air Miles (InterMiles).
• General Spends:
  • American Express variant: Earn 3 InterMiles on every Rs. 100 spent.
  • VISA variant: Earn 2 InterMiles on every Rs. 100 spent.
• Spends on www.intermiles.com (applicable only on revenue airline tickets):
  • American Express variant: Earn 6 InterMiles on every Rs. 100 spent.
  • VISA variant: Earn 4 InterMiles on every Rs. 100 spent.
• Spends on Etihad Airways revenue Ticket booking through www.intermiles.com:
  • American Express variant: Earn 7.5 InterMiles on every Rs. 100 spent.
  • VISA variant: Earn 5 InterMiles on every Rs. 100 spent.
• Fuel Spends: No InterMiles are earned on fuel purchases.
• Insurance and Utilities: Earn 1 InterMile per INR 100 spent.
• Annual InterMiles Cap: You can earn up to 40,000 InterMiles every year on transactions done through this card.
• Uncapping Option: To earn InterMiles after reaching the maximum cap, you will have to pay an uncapping fee of Rs. 7,500.
• Movie Benefits: Get a 25% discount up to Rs. 100 on the purchase of a minimum of two movie tickets from BookMyShow, twice a month. Potential annual savings of up to Rs. 2,400 on movies.
• Dining Benefits: Enjoy exclusive and exciting benefits on dining under the ICICI Bank Culinary Treats Program, including 15% or more discount.
• Travel Benefits:
  • Domestic Lounge Access: Receive 2 complimentary access to domestic lounges per quarter (1 each on VISA and American Express Variant) by spending Rs. 5,000 in the previous quarter.
  • International Lounge Access: Not applicable.
• Golf: Not applicable.
• Insurance Benefits: Not applicable.

Rewards Redemption Guide

• Accumulated InterMiles can be redeemed for booking flights and hotels through www.intermiles.com.
• You can also redeem your InterMiles for purchasing gift vouchers, fuel, etc.
• For fuel purchases, 4 InterMiles are equivalent to Re. 1.

Card Review

The InterMiles ICICI Bank Coral Credit Card is considered best for frequent travelers due to its InterMiles earning potential on every purchase, which can be utilized for travel-related bookings, leading to significant savings on flights and hotels. Beyond travel, the card also provides exciting entertainment and dining benefits, making it suitable for individuals seeking benefits across multiple categories.

Important Product Details

• Welcome benefits include 2,500 bonus InterMiles and flight & hotel discount vouchers worth Rs. 750.
• Receive 1,250 bonus InterMiles annually as a renewal benefit.
• Earn up to 7.5 InterMiles on every Rs. 100 spent, with accelerated earnings on flight and hotel bookings through www.intermiles.com, especially for Etihad flight tickets.
• Enjoy 2 complimentary domestic airport lounge accesses per quarter, subject to a spend of Rs. 5,000 in the previous quarter.
• Benefit from a discount of up to Rs. 100 or 25% off on movie tickets on BookMyShow, twice a month.
• Avail 15% or more discount on dining under the ICICI Bank Culinary Treats Program.
• Get a 1% fuel surcharge waiver on fuel purchases up to Rs. 4,000 at HPCL pumps when using ICICI Bank machines.
• The card has an annual earning cap of 40,000 InterMiles, with an uncapping fee of Rs. 7,500 to earn beyond this limit.
• Key fees include a Joining Fee of Rs. 1,250 + GST, an Annual Fee of Rs. 1,250 + GST, a Rewards Redemption Fee of Rs. 99 + taxes, and a Foreign Currency Markup of 3.5%.
• The interest rate is 3.4% per month (40.8% per annum), and cash advance charges are 2.5% (minimum Rs. 300).

Other Details

• This credit card product has been discontinued.