ICICI Bank Coral Credit Card Against Fixed Deposit

Rewards Program

• 2 ICICI Reward Points for every Rs. 100 spent
• 1 ICICI Reward Point per Rs. 100 spent on utilities & insurance

Complimentary Lounge Access

• 1 complimentary domestic lounge visit every quarter on spending Rs. 5,000 or above in the previous quarter

Movie Benefit

• 25% discount, up to Rs. 100 on purchase of two movie tickets through INOX and BookMyShow, twice a month

Other Features & Benefits

• Annual fee waiver on spending Rs. 1.5 Lakh in a year
• 90% credit limit of the FD amount

Note: No reward points will be offered on fuel spends.

To be eligible for this credit card, the applicant must be an Indian resident and also meet the below eligibility criteria:

• Age Requirement: 18 years
• Minimum FD Amount: Rs. 50,000 with a minimum tenure of 180 days

The credit card cannot be issued in the following cases:

• If the FD is in the name of third parties, partnership firms, Hindu Undivided Family (HUF), Society, Trust, Companies
• It cannot be issued against Linked, Quantum, Section 80C, Non-Resident External (NRE), Non-Resident Ordinary (NRO), ICICI Home Finance Company (HFC) FDs or if a lien is already marked on the FD
• The card will not be issued to minors and foreign nationals

Type of Fee/ Charge	Amount
Joining Fee	Rs. 500 + Applicable Taxes
Annual Fee	Rs. 500 + Applicable Taxes
Finance Charges	3.75% p.m. (45% p.a.)
Late Payment Fee	For Statement Balance: Up to Rs. 100: Nil Rs. 101 to Rs. 500: Rs. 100 Rs. 501 to Rs. 1,000: Rs. 500 Rs. 1,001 to Rs. 5,000: Rs. 600 Rs. 5,001 to Rs. 10,000: Rs. 750 Rs. 10,001 to Rs. 25,000: Rs. 900 Rs. 25,001 to Rs. 50,000: Rs. 1,100 Above Rs. 50,000: Rs. 1,300

Click here for the detailed fees & charges and other terms & conditions.

ICICI Bank Coral Credit Card Against Fixed Deposit is a secured credit card that offers value-back in the form of reward points. Cardholders can earn 2X rewards across all spends and 1 reward point per Rs. 100 on utility and insurance payments. While many premium cards exclude utilities and insurance from their rewards program, this card offers base reward rate on these spends, which is a significant benefit. Besides this, free movie tickets and complimentary domestic lounge visits add to the overall value.

This credit card is a suitable option for new-to-credit consumers looking to save on everyday spends. However, the bank also offers an unsecured variant of this card, with the same annual fee but better benefits. So, if you are eligible for unsecured cards and want to avail better benefits, you may consider applying for the unsecured ICICI Coral Credit Card.

Consider ICICI Coral Credit Card Against FD if:

• You are not eligible for unsecured cards with better benefits
• You frequently watch movies and want to save on ticket spends
• You can spend Rs. 1.5 Lakh in a year to avail annual fee waiver

Consider other options if:

• You are looking for a card with better travel and lifestyle-related benefits
• You want to earn higher reward points across all spends

Will I continue to earn interest rate on the fixed deposit amount with ICICI Coral Credit Card against FD?
Yes, you will continue to earn interest on the fixed deposit account that you used to avail this credit card.

How can I track my application for ICICI Bank Coral Credit Card against Fixed Deposit?
You can easily track your card’s application by visiting the ICICI Bank website. For this, you will be required to provide your mobile number, application number, and date of birth.

How can I apply for ICICI Coral Credit Card against FD?
You can apply for this credit card by visiting any of the nearest branches of the bank. You are required to open a minimum fixed deposit account of Rs. 30,000 and submit a duly filled application form to apply for this card. Upon approval, the card will be sent to the communication address provided in the application form.

What is the difference between ICICI Coral Credit Card and ICICI Coral Credit Card against FD?
ICICI Coral Credit Card is an unsecured card, whereas ICICI Coral Credit Card against FD is a secured card. While both cards charge the same annual fee and offer same reward points, the unsecured variant offers additional benefits such as complimentary lounge access, bonus rewards as milestone benefits, discounts on movie tickets, and more.

What is the minimum fixed deposit amount and tenure required to apply for ICICI Bank Coral Credit Card?
The minimum fixed deposit amount is Rs. 30,000, and the minimum tenure is 180 days. Besides this, you must be at least 18 years old to apply for this credit card.