HPCL ENERGIE BOBCARD Credit Card – Benefits, Fees & Eligibility

HPCL ENERGIE BOBCARD Credit Card

Introduction

The HPCL ENERGIE BOBCARD Credit Card, a co-branded offering by BOBCARD and Hindustan Petroleum Corporation Limited (HPCL), is designed to provide significant savings and rewards, particularly on fuel purchases. This card is ideal for road travelers and individuals with frequent petrol spends, offering up to 5% savings on fuel transactions at HPCL retail outlets, LPG purchases, and through the HP Pay App. With a nominal joining and renewal fee, the card also extends benefits to everyday shopping, movies, and complimentary domestic airport lounge access, making it a comprehensive choice for a variety of spending needs. Cardholders can also enjoy a welcome bonus and annual fee waivers based on spending milestones.

Welcome Benefits

• Receive 500 joining bonus reward points upon spending ₹5,000 or more within 60 days of card issuance.

Fees

• Joining Fee: ₹499 + GST
• Renewal Fee: ₹499 + GST
• Spend-Based Waiver: The renewal fee can be waived on annual spends of ₹50,000 or more in the preceding anniversary year. This waiver is applicable only to non-delinquent credit cardholders.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% on all foreign transactions.
• Interest Rates: 3.75% per month (45% annually) on outstanding amounts. (Note: One source mentioned 3.49% per month, but the more structured section specified 3.75%).
• Fuel Surcharge: 1% fuel surcharge is levied at all fuel stations in India.
• Cash Advance Charges: 2.5% of the cash advance amount or ₹500, whichever is higher.

Rewards

Fuel Benefits

• Up to 5% Savings: Earn up to 5% savings on fuel purchases at HPCL retail outlets, LPG purchases, and through the HP Pay App. This includes 24 Reward Points per ₹150 spent (equivalent to 4% savings) plus a 1% fuel surcharge waiver.
  • HP Pay wallet load transactions do not qualify for the 5% savings.
  • An additional cashback of 1.5% in the form of Payback Points is earned when making purchases at HPCL fuel stations using the HP Pay App.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on all HPCL fuel transactions between ₹400 and ₹5,000, capped at ₹100 per statement cycle. This waiver also applies to fuel purchases made through the HP Pay App.
  • HP Pay Direct Debit and wallet load transactions do not qualify for the fuel surcharge waiver.
  • The GST component on the surcharge is not reversed.
  • The eligible fuel transaction amount for the waiver is inclusive of GST and surcharge levied by the acquiring bank after the transaction.
• Potential to get up to 80 litres of free fuel every year.

Accelerated Rewards

• Utility & Departmental Stores: Earn 10 Reward Points for every ₹150 spent on utility and departmental stores (equivalent to 2% savings).
• Other Categories: Earn 2 Reward Points for every ₹150 spent on all other categories.

Travel Benefits

• Domestic Lounge Access: Receive 4 complimentary airport lounge accesses per year (1 per calendar quarter) at partner domestic lounges for primary cardholders.
  • Effective January 1, 2025, complimentary lounge access will be subject to a minimum spend of ₹20,000 in the preceding calendar quarter.

Movie & Entertainment Benefits

• Movie Discount: Get 25% off up to ₹100 on the purchase of a minimum of 2 tickets per transaction at partner platforms (e.g., District App). This benefit can be availed up to two times per month per primary cardholder.
• BOGO on Movies: Potential Buy One Get One (BOGO) offer on movies with the District App.

Other Benefits

• Smart EMI Options: Convert purchases of over ₹2,500 on your card into Smart EMIs with tenure options ranging from 6 to 48 months.
• Free Add-on Card: Get up to 3 lifetime free add-on cards for your spouse, parents, siblings, or kids (above 18 years of age).

Rewards Redemption Guide

• Reward points earned can be redeemed against a variety of products available on the BOBCARD website.
• Points can also be redeemed for cash, where 1 Reward Point = ₹0.25.

Card Eligibility Criteria

Eligibility Rules

• Residency: Applicant must be an Indian Resident.
• Age:
  • Primary cardholder (Salaried): 21 to 60 years.
  • Primary cardholder (Self-employed): 24 to 65 years.
  • Overall applicant age should be above 18 years.
• Income:
  • Salaried individuals: Minimum annual income of ₹3.60 Lakhs.
  • Self-employed individuals: Minimum annual income of ₹4.80 Lakhs.

Documents Required

• Mandatory Proof:
  • Recent Passport size photograph (with clear/white background & without dark/tinted glass).
  • PAN Card.
• Permanent Address Proof:
  • Aadhaar Card (both sides).
  • Voter ID Card issued by the Election Commission of India.
  • Passport.
  • Driving Licence.
  • Job Card.
• Income Proof:
  • Salaried: Bank Statement reflecting salary credit for the last 2 months. Salary slips, if submitted, must be accompanied by a bank statement.
  • Self-employed: Business ITR for the last 2 years.

Card Review

The HPCL ENERGIE BOBCARD Credit Card is an excellent co-branded offering tailored for individuals who frequently spend on fuel, especially at HPCL stations. Its primary strength lies in providing substantial savings on fuel, complemented by accelerated reward points on essential spending categories like groceries and departmental stores. Beyond fuel, the card adds value with complimentary domestic lounge access and discounts on movie tickets, enhancing lifestyle benefits at a nominal annual fee of ₹499. This card is a compelling choice for regular commuters, road travelers, and those looking to maximize rewards on everyday expenses with a focus on fuel savings, offering a strong value proposition.

Important Product Details

• 500 Bonus Reward Points (transaction-based welcome benefit).
• 24 Reward Points on every ₹150 spent on fuel purchases at HPCL pumps.
• 10 Reward Points on every ₹150 spent on departmental stores and groceries.
• 2 Reward Points on every ₹150 spent on all other categories.
• Complimentary domestic lounge access (1 per quarter, subject to spends).
• 25% discount on movie ticket bookings.
• 1% fuel surcharge waiver on all fuel transactions.
• Joining and Renewal Fee of ₹499 + GST.
• Renewal fee waiver on annual spends of ₹50,000.
• 3.5% foreign currency markup.
• 3.75% per month interest rate on outstanding balances.

Other Details

• Best Suited For: Fuel and Shopping.
• Reward Type: Reward Points.
• Accelerated Reward Points of 10 RP and 24 RP per ₹150 are capped at a maximum of 1,000 Reward Points each per statement cycle.
• The reward program is not applicable on select Merchant Category Codes (MCCs).
• UPI transactions are eligible only for core Reward Points and do not qualify for joining rewards or annual fee waiver.
• The rate of fuel surcharge may vary depending on the fuel station and its acquiring bank; the surcharge is levied by the acquiring bank providing the terminal to the merchant.
• The value of a fuel transaction on a charge slip will differ from the credit card statement because the fuel surcharge and GST are levied by the acquiring bank after the transaction.
• The application process involves filling an online form, e-signing using Aadhaar, and identity verification via Video-KYC.