ICICI Bank Launches Sapphiro & Coral Forex Travel Cards
ICICI bank silently launches new gemstone collection of travel cards that are intended for international travellers spending in foreign currencies. The travel cards comes in two variants – Sapphiro & Coral just like their credit/debit card collection.
The benefits are surprisingly better with less fine prints in availing the offers linked to it. Let’s look into the cards in detail
1. Sapphiro Travel Card
Joining Fee
- Joining fee – Rs 2,999 + GST
- Annual fee – Rs 999 + GST from the second year.
Benefits
- 0% mark-up charges on any cross-currency transactions (AMAZING!)
- 5% cashback on all Airlines and hotel spends done through online channels, capped to Rs 3,000 per month
- International lounge access: 2 complimentary lounge visits via DragonPass (digital access)
- Uber vouchers: Rs 1,000
- Avail of SRL Executive heath check-up worth Rs 2,750
- Protect your cards and wallet with OneAssist Complete Cards protection
- Lost Card/Counter card liability coverage of Rs 5,00,000
The only question here is the conversion rates on loading forex. As this info is not available for now, its pretty tough to conclude if we actually get 0% markup fee.
Rest of the features are amazingly crafted and as you can clearly see, the benefits are definitely greater than the fees charged. And hey, how can I miss about that stunning card design – its beautifully done!
2. Coral Travel Card
Joining Fee
- Joining fee – Rs 499 + GST
- Annual fee – Rs 299 + GST from the second year.
Benefits
- Uber vouchers: Rs 1,000 (min. loading: USD 1000)
- Bookmyshow Vouchers: Rs.500
- Protect your cards and wallet with OneAssist Complete Cards protection
- Lost Card/Counter card liability coverage of Rs 5,00,000
This is a very basic card and there is no discount on markup fee mentioned. Meaning, you’ll be charged 3.5%+GST or so. Hence, its safe to ignore this card and rather stick to premium credits cards like Regalia or other credit cards on for International Travel
