A recent press report said that ICICI Bank has announced its foray into EMV (Euro pay, MasterCard, Visa) Standard chip cards with the launch of the ICICI Bank Coral Credit Card. The card offers special security features where the card holder enjoys additional against possible misuse in the form of counterfeiting and skimming on account of the embedded microchip that contains card member information in an encrypted format.
Reports said that the Coral Credit Card was part of the ‘Gemstone Collection’ of ICICI Bank Credit Cards. And it offers cash rewards on all retail purchases. The card also offers rewards on all purchases, powered by the multi-partner loyalty program, payback.
The Cardholders are offered an option where they can redeem the PAYBACK points as cash credited into their credit card account at the rate of Rs 0.25 per PAYBACK point or into gifts.
ICICI Bank is renowned for the variety of loans that it offers to suit the requirements of its customers with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking. It offers home loan, personal loan, car loan, education loan, mortgage loan, business loans etc.