ICICI Bank HPCL Coral Credit Card – Benefits, Fees & Eligibility

ICICI Bank HPCL Coral Credit Card

Introduction

The ICICI Bank HPCL Coral Credit Card is a co-branded credit card offered in partnership with Hindustan Petroleum Corporation Limited (HPCL), designed for individuals who frequently travel by road and seek significant savings on fuel. This card provides a range of benefits including fuel cashbacks, reward points on various spending categories, and exclusive discounts on movie tickets and dining experiences. With its low joining and annual fees, and the possibility of an annual fee waiver based on spending, the card offers an economical way to maximize savings on fuel and other everyday expenses, making it an excellent choice for vehicle owners.

Fees

• Joining Fee: ₹199 + GST
• Annual Fee: ₹199 + GST
• Spend-Based Waiver: The annual fee of ₹199 + GST is waived off for the next year if you spend ₹50,000 or more in an anniversary year.
• Rewards Redemption Fee: ₹99 (plus applicable taxes) per redemption request.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates:
  • 3.75% per month for ATM withdrawals.
  • 3.75% per month if only the minimum due is paid.
  • Overall interest rate: 3.4% per month (or 40.8% per annum).
• Fuel Surcharge Waiver: A 1% fuel surcharge waiver is applicable on fuel transactions at HPCL petrol pumps, specifically for transactions between ₹400 and ₹4,000, and also mentioned for transactions worth ₹4,000 or more.
• Cash Advance Charges: 2.5% of the amount withdrawn, subject to a minimum of ₹300.
• Late Bill Payment: Ranging from ₹100 to ₹1300.

Rewards

• Fuel Benefits:
  • Up to 3.5% savings on fuel transactions at HPCL petrol pumps, which includes:
    • 2.5% cashback when the card is swiped at any HPCL fuel pump (capped at ₹100 per month). This cashback is available on fuel purchases worth ₹500 and more.
    • 1% fuel surcharge waiver on fuel transactions at HPCL pumps. This waiver is applicable for transactions worth ₹400 - ₹4,000 (when using an ICICI Bank POS machine) and also for transactions worth ₹4,000 or more across all HPCL petrol pumps.
  • Fuel purchases are not eligible for standard Reward Points.
• Reward Points Earning:
  • Earn 2 Reward Points on every ₹100 spent on retail purchases.
  • Earn 1 Reward Point on every ₹100 spent on utility and insurance payments.
  • Earn from 6x to 12x reward points on iShop.
• Movies:
  • Get a 25% discount on movie tickets, up to ₹100, on purchasing a minimum of two tickets through BookMyShow.
  • This discount can be availed two times per month.
• Dining:
  • Get dining discounts with the Culinary Treats Programme.
  • Avail up to 15% discount on dining across over 800 participating restaurants through the Culinary Treats Programme.

Rewards Redemption Guide

• The earned Reward Points can be redeemed against a wide variety of products and shopping vouchers available on www.icicibank.com.
• To redeem Reward Points, log in to www.icicibank.com and select your desired redemption option.
• The value of 1 Reward Point is ₹0.25.
• You can redeem 2,000 Reward Points for fuel worth ₹500.
• Redemption categories include Health & Beauty, Travel & Luggage, Shopping Vouchers, Home Appliances, Electronics, and Fashion & Lifestyle.

Card Eligibility Criteria

• Age: Must be an Indian citizen, aged between 21 and 65 years.
• Income:
  • Salaried Individuals: A minimum monthly income of ₹20,000.
  • Self-Employed Individuals: A minimum annual income of ₹2,40,000.
• Documents Required:
  • Identity Proof
  • Address Proof
  • Income Proof
• Note: No physical documents are required if applying via DigiLocker.

Card Review

The ICICI Bank HPCL Coral Credit Card is an excellent choice for individuals who prioritize savings on fuel and seek value in their everyday spending. It stands out as one of the top fuel credit cards due to its comprehensive fuel benefits, including a 2.5% cashback and a 1% fuel surcharge waiver at HPCL pumps, contributing to a total saving of up to 3.5% on fuel transactions. Beyond fuel, the card extends its advantages to lifestyle categories with attractive movie discounts via BookMyShow and dining perks through the Culinary Treats Programme. The card's low joining and annual fees, coupled with an easily achievable spend-based waiver of the annual fee (₹50,000 annual spend), make it a cost-effective option. Its flexible reward points system, allowing redemption for various products, vouchers, or even fuel, further enhances its appeal. Overall, for those seeking a credit card with nominal fees and substantial saving opportunities across fuel, entertainment, and dining, the ICICI Bank HPCL Coral Credit Card presents a strong value proposition.

Important Product Details

• Save up to 3.5% on fuel transactions at HPCL pumps (comprising 2.5% cashback and a 1% fuel surcharge waiver).
• Earn 2 Reward Points on every ₹100 spent on retail purchases.
• Get a 25% discount on movie tickets up to ₹100, twice a month, through BookMyShow.
• Enjoy up to 15% discount on dining across over 800 participating restaurants with the Culinary Treats Programme.
• Reward Points are easily redeemable for various products, shopping vouchers, or can be converted to fuel (2,000 points = ₹500 worth of fuel).
• The annual renewal fee can be waived by spending ₹50,000 or more in an anniversary year.
• Low joining and annual fees of ₹199 + GST.
• High foreign currency markup of 3.5%.
• High interest rates on ATM withdrawals (3.75% per month) and on unpaid balances (3.4%-3.75% per month).
• Fuel purchases are excluded from earning standard reward points.

Other Details

• ICICI Bank Plus Card: You have the option to extend the card's benefits to your loved ones by applying for an ICICI Bank Plus Card.
• CVV (Card Verification Value): This is a three-digit security code located on the reverse side of your HPCL Coral Credit Card, next to the signature panel. You can also view it by logging into your iMobile app or Internet Banking.
• Bill Due Date: The due date for your ICICI Bank HPCL Coral Credit Card bill payment can be found in your monthly statement, the iMobile app, through Internet Banking, or by contacting Customer Care on 1800 1080.
• Chip and PIN Security: The credit card features an embedded microchip for enhanced security against counterfeiting and duplication. A Personal Identification Number (PIN) is required for transactions at merchant outlets, but it is not necessary for online transactions.
• Online Application: You can easily apply for this card online through the ICICI Bank's netbanking website (www.icicibank.com).