ICICI Bank, India’s largest private sector bank, has launched a Coral American Express credit card with a transparent design and a distinctive look offering the ability to carry over the retail purchase balances in first two billing statements to the third statement.
“The extended credit period is a unique proposition offering card members ability to carry over the retail purchase balances in first two billing statements by simply paying the minimum amount due. No interest shall be charged in such cases and the total amount due shall be payable as per the third billing statement,” ICICI bank said in a statement.
Additionally, the card will offer Payback points per Rs 100 spent on dining, groceries, supermarkets and online spends. It also offers complimentary movie tickets, visits to altitude lounges at Mumbai and Delhi airports, discounts in restaurants and exemption of surcharge on fuel transactions at HPCL stations
Rajiv Sabharwal, Executive Director, ICICI Bank, said, “Aimed at providing significant lifestyle benefits, this card re-affirms our commitment to bring forth innovative services to our customers. We are also introducing a host of exciting privileges including an introductory extended credit period offer and bonus reward points on online transactions. We believe this card will be yet another compelling addition to our Gemstone collection of credit cards.”