ICICI Bank Coral Credit Card Visa vs RBL Platinum Choice Mastercard Credit Card: Which is Better in 2026?
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In short: RBL Platinum Choice has the lower annual fee (₹499 vs ₹500); both charge a 3.5% forex markup.
| Key facts | ICICI Coral | RBL Platinum Choice |
|---|---|---|
| Annual fee | ₹500 | ₹499 |
| Joining fee | ₹500 | Not listed |
| Annual fee waived | On ₹1.5 lakh annual spend | On ₹50,000 annual spend |
| Lounge access | 1 airport lounge visit a quarter | Not listed |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 23 Oct 2026. Rewards, milestones and welcome benefits are in the full table below.
The ICICI Bank Coral Credit Card Visa and the RBL Platinum Choice Mastercard Credit Card cater to different user preferences with their distinct rewards structures and fee waivers. ICICI Coral focuses on grocery and departmental store rewards with a higher annual fee waiver threshold, while the RBL Platinum Choice offers a welcome bonus and easier fee waiver with emphasis on online spend rewards. Both cards have similar forex markup fees but differ in lounge access and fuel surcharge benefits.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | ICICI Bank Coral Credit Card Visa | Rbl Platinum Choice Mastercard Credit Card |
|---|---|---|
| Bank | ICICI Bank | RBL Bank |
| Network | Visa | MasterCard |
| Joining fee | Joining Fee of Rs.500 | — |
| Annual / renewal fee | Annual Fee of Rs.500 | Annual Fee of Rs.499 |
| Annual fee waiver | Spend Rs.150000 For Waiver of Annual Fee | Spend Rs.50000 For Waiver of Annual Membership Fee |
| Reward rate (headline) | Earn 2 Reward Points per Rs.100 | Earn 1 Reward Points per Rs.100 |
| Lounge — domestic | 1 Complimentary Airport Lounge Access Per Quarter | — |
| Welcome benefit | — | 2000 Reward Points on Payment of Annual Fee |
| Milestone benefit | Earn 2000 Reward Points on Spend of Rs.2 Lakhs | — |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Which is better for rewards?
The ICICI Bank Coral Credit Card Visa provides a better rewards structure for users who spend heavily on groceries and departmental stores, earning 2 reward points per Rs.100 spent in these categories and additional milestone reward points. The RBL Platinum Choice Mastercard Credit Card offers 1 reward point per Rs.100 on all spends with a 2X multiplier on online transactions, but it lacks milestone rewards. Overall, ICICI Coral is more rewarding for targeted category spending, while RBL Platinum Choice suits users focusing on online purchases.
Which is better for travel?
In terms of travel-related benefits, ICICI Coral offers one complimentary domestic airport lounge access per quarter, which can enhance the travel experience. The RBL Platinum Choice does not provide any lounge access benefits. Both cards charge a 3.5% forex markup on foreign currency transactions, so neither has an advantage there. Therefore, ICICI Coral is preferable for occasional domestic travelers who value lounge access.
Which has lower effective cost?
The RBL Platinum Choice Mastercard Credit Card has a slightly lower annual fee of Rs.499 compared to ICICI Coral's Rs.500, but more importantly, it requires a lower spend of Rs.50,000 for fee waiver versus Rs.150,000 for ICICI Coral. This makes RBL Platinum Choice more accessible for users with moderate spending. Additionally, RBL offers a welcome benefit of 2000 reward points upon payment of the annual fee, which ICICI Coral does not. Overall, RBL Platinum Choice is more beginner-friendly and cost-effective for fee waivers.
Reward Redemption and Fees
ICICI Coral allows reward redemption at a rate of 1 reward point = Rs.0.25 without any stated redemption fees, while RBL Platinum Choice charges Rs.99 as a reward redemption fee. This makes ICICI Coral more cost-efficient for redeeming points.
Fuel Surcharge Waiver
ICICI Coral offers a 1% fuel surcharge waiver on HPCL fuel purchases above Rs.4000, whereas RBL Platinum Choice provides a fuel surcharge waiver up to Rs.100 without specifying brand restrictions. Users with significant fuel expenses may find ICICI Coral more beneficial if they frequently use HPCL pumps.
Who should pick ICICI Bank Coral Credit Card Visa?
Consider ICICI Bank Coral Credit Card Visa if you frequently shop at grocery and departmental stores and want to earn higher reward points in these categories. It is also suitable if you value domestic airport lounge access and can meet the higher spend threshold to waive the annual fee. This card is better for those who prefer category-specific rewards and occasional travel perks.
Who should pick Rbl Platinum Choice Mastercard Credit Card?
Consider RBL Platinum Choice Mastercard Credit Card if you are looking for a lower annual fee with an easier waiver limit and want to earn rewards on all spends, especially online transactions. It is ideal for beginners or moderate spenders who want a straightforward rewards program and a welcome bonus. This card suits users who prioritize cost-effectiveness and online shopping rewards over travel benefits.
Frequently Asked Questions
The annual fee of Rs.500 is waived if you spend Rs.150,000 or more during the anniversary year.
Yes, it offers 2000 reward points on payment of the annual fee.
ICICI Bank Coral Credit Card Visa provides 1 complimentary domestic airport lounge access per quarter, while RBL Platinum Choice Mastercard Credit Card does not offer any lounge access.
Both cards charge a 3.5% foreign currency markup fee on foreign currency transactions.
RBL Platinum Choice Mastercard Credit Card requires Rs.50,000 spend for annual fee waiver, which is lower than ICICI Coral's Rs.150,000.
RBL Platinum Choice charges Rs.99 as a reward redemption fee, whereas ICICI Coral does not mention any redemption fee.