All cards / ICICI Bank
ICICI Bank Coral Credit Card Against Fixed Deposit
The secured version of ICICI's popular Coral card: a lien is placed on an ICICI fixed deposit of at least ₹50,000 and up to 90% of that amount becomes the credit limit, with no income documentation needed. It keeps most of the regular Coral's everyday perks — reward points on retail spend, dining discounts, and a handful of lounge visits — while remaining accessible to students, homemakers, or anyone without a salary slip.
Annual fee
₹500
Joining fee
₹500
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in dining. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: 1 complimentary domestic airport lounge visit per quarter after spending ₹75,000+ in that calendar quarter (primary cardholder only)
Benefits by category
- 🍽️ Dining & food delivery
2% reward rate
- ✈️ Travel
4 complimentary domestic airport lounge visits per year
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,50,000
- Rewards redemption fee: Free for redemption as statement credit or ICICI's own reward catalogue vouchers; ₹99 + GST per redemption request for select third-party gift/merchandise catalogue items
- Foreign currency markup: 3.5%
- Cash advance charges: Standard ICICI cash withdrawal charges of 2.5% or ₹500 (whichever is higher) apply, though the card is secured against a fixed deposit
Benefits
- Credit limit of up to 90% of the linked ICICI Bank fixed deposit (minimum ₹50,000, minimum 180-day tenure, auto-renewal)
- 4 complimentary domestic airport lounge visits per year
Pros
- + No income proof needed — approval is effectively guaranteed once the FD is placed
- + Retains Coral-card perks like 4 domestic lounge visits/year and dining discounts up to 15% via Culinary Treats
- + FD continues earning its normal interest rate while pledged
- + Good stepping stone toward ICICI's unsecured card range
Cons
- − Requires locking up a minimum ₹50,000 FD for at least 180 days
- − Missing a payment for 60+ days lets the bank recover dues directly from the FD
- − Reward rate (1 point/₹100 on general spend) trails ICICI's unsecured mid-tier cards