Benefits of the ICICI Bank Coral Credit Card

• Reward Points Program: The card’s reward system incentivizes regular spending with flexible redemption options.
  • Earning Reward Points: 2 Reward Points per ₹100 on retail purchases (excluding fuel, rent, and wallet loads). For instance, spending ₹10,000 monthly on shopping earns 200 points (worth ₹50 at ₹0.25 per point).
  • 1 Reward Point per ₹100 spent on utilities and insurance, adding value to recurring expenses.

How to Apply for ICICI Bank Coral Credit Card

• Step 1: Visit the Official Website
  Go to www.icicibank.com and navigate to Products > Cards > Credit Cards.
  Choose the ICICI Bank Coral Credit Card (available in Visa, Mastercard, American Express, or RuPay variants).
  Click on the "Apply Now" or "Get Started" button to begin the process.
• Step 2: Fill in Personal Details
  On the application page, provide the following details:
  Personal Information: Full name, date of birth, gender, and residential address.
  Contact Information: Mobile number, email ID.
  Identity Details: PAN number and Aadhaar number (or virtual ID).
  Employment Details: Specify whether you are salaried or self-employed, along with monthly income and company name.
• Step 3: Choose Card Variant
  Select the preferred card variant based on your needs, such as:
  Visa, Mastercard, American Express, or RuPay.
  Choose the variant that best suits your preferences, such as RuPay for UPI benefits or American Express for premium merchants.
• Step 4: Upload Documents
  Upload clear scanned copies or photos of the following documents:
  - Identity proof (PAN, Aadhaar)
  - Address proof (Utility bill, Passport)
  - Income proof (Salary slip, ITR)
  Ensure the files are in PDF, JPEG, or PNG format and within the size limits (usually <5MB).
• Step 5: Consent and Verification
  Agree to the terms and conditions.
  Verify your details using the OTP sent to your registered mobile number or email.
  Once confirmed, submit the application form.
  You’ll receive an Application Reference Number via SMS/email for tracking.
• Step 6: Video KYC (if required)
  If required, schedule a Video KYC call via the ICICI Bank website or iMobile Pay app.
  During the call, show original documents (e.g., PAN, Aadhaar) and answer basic questions.
  The call typically takes 5-10 minutes to complete.
• Step 7: Application Review and Approval
  After Video KYC completion, ICICI Bank will review your application and credit score.
  Processing Time:
  - For existing ICICI Bank customers: approval may be received within 30 minutes to a few hours.
  - For new customers: approval may take 1-3 working days.
  You will receive an email or SMS notification confirming approval or rejection.
• Step 8: Receive Your Digital and Physical Card
  Upon approval, a digital version of the card is issued instantly, which can be used for online transactions on Amazon.in and ICICI Bank's iMobile Pay app.
  The physical card is dispatched to your registered address and typically delivered within 7 working days.
  You can track the delivery status via the ICICI Bank website or customer care.
• Step 9: Activate the Card
  Digital Card: Ready to use immediately upon issuance.
  Physical Card: Activate it via:
  - ICICI Bank's iMobile Pay app (under Cards > Activate Credit Card).
  - Net banking (log in and follow the activation prompts).
  - Customer Care: Call 8885545255 and follow the IVR instructions.
  Set a PIN for in-store transactions during activation.

Eligibility Criteria for ICICI Bank Coral Credit Card

• Age Requirement: Applicants must be between 21 and 60 years of age. This ensures that the applicant is legally eligible to enter into a credit agreement and has the capacity for repayment.
• Occupation: Applicants must be either salaried or self-employed with a stable source of income. Salaried individuals should be employed with a reputable organization, while self-employed individuals (business owners or professionals) must demonstrate consistent income.
• Minimum Income:
  • For Existing ICICI Bank Customers: A minimum monthly income of ₹25,000.
  • For Non-ICICI Bank Customers: A minimum monthly income of ₹35,000.
• Credit Score: A good credit score (typically 750 or above on a scale of 300-900) is recommended. Applicants with a history of timely repayments and no defaults are more likely to get approved.
• Nationality and Residency: Applicants must be residents of India. Non-Resident Indians (NRIs) are not eligible for this card.
• Geographical Availability: The ICICI Bank Coral Credit Card is available in select cities across India. Eligible cities typically include major metros such as Mumbai, Delhi, Bangalore, Chennai, and Hyderabad, as well as other Tier-1 and Tier-2 cities. Check the ICICI Bank website for a full list of available cities.
• Existing Relationship with ICICI Bank (Optional): While it is not mandatory, having an existing relationship with ICICI Bank (such as a savings account, fixed deposit, or another credit card) can speed up the approval process and improve the chances of receiving a higher credit limit.
• Document Readiness: Applicants must ensure that they have all the necessary documents ready for submission. This includes valid proof of identity (Aadhaar, PAN), address (Aadhaar, utility bill, passport), and income (salary slips, ITR, Form 16). All documents should be current and match the application details.
• Mobile Number & Email ID: A valid and active mobile number and email ID are necessary for OTP verification, communication regarding the application, and the issuance of the digital card.
• Digital Onboarding Capability: Applicants must have access to a smartphone or computer with a webcam and stable internet connection to complete the mandatory Video KYC process for application approval.
• No Outstanding Dues or Defaults: Applicants with existing unpaid credit card dues, loan defaults, or accounts flagged as NPA (Non-Performing Assets) are generally disqualified from receiving the credit card.
• Bank Account Requirement: Having an account with ICICI Bank is not a requirement but can help streamline the application process and facilitate features like auto-debit for bill payments.
• Stable Residential Address: Applicants should have a stable, verifiable residential address in a serviceable city. Temporary or unverifiable addresses can lead to the rejection of the application.
• Application History: If you have recently applied for a credit card and were rejected, it’s advised to wait 3–6 months before reapplying. Frequent applications or reapplications can negatively impact approval chances.
• Debt-to-Income Ratio: Applicants should ideally have a debt-to-income ratio of less than 40–50%. This indicates a healthy financial standing and ensures the applicant can manage new credit responsibly.
• Employment Stability: Salaried individuals should have at least 6 months of continuous employment with their current employer, while self-employed applicants should have been in business for at least 1–2 years.
• Clean Credit Report: A credit report with no red flags such as settled accounts, written-off loans, or frequent overdue payments increases the chances of approval.