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

Introduction

The ICICI Bank HPCL Platinum Credit Card is designed for individuals who frequently spend on fuel, offering exclusive cashback benefits at HPCL petrol pumps. Cardholders receive a 2.5% cashback, capped at Rs. 100 per month, on fuel purchases made at HPCL stations using ICICI merchant services POS machines. Additionally, a 1% waiver on fuel surcharge is applicable on all transactions up to Rs. 4,000. Beyond fuel, the card provides 2 Reward points for every Rs. 100 spent on all retail purchases (excluding fuel transactions). With a nominal joining fee of Rs. 199, this card also extends benefits across other categories like movies and dining, and offers a spend-based annual fee waiver, making it a valuable tool for everyday savings.

Welcome Benefits

• No specific welcome benefits are mentioned for this card.

Fees

• Joining Fee: Rs. 199 + GST
• Renewal Fee: Rs. 199 + GST
• Spend-Based Waiver: The renewal fee can be waived upon spending Rs. 50,000 or more in the preceding year.
• Rewards Redemption Fee: Rs. 99 on every redemption request.
• Foreign Currency Markup: 3.50% on all foreign currency spends.
• Interest Rates: 3.40% per month (or 40.8% annually).
• Fuel Surcharge: 1% fuel surcharge waiver at all HPCL pumps for transactions up to Rs. 4,000.
• Cash Advance Charges: 2.5% of the transaction amount or Rs. 300 (whichever is higher).

Rewards

• Fuel:
  • 2.5% cashback on fuel purchases at HPCL pumps (maximum cashback of Rs. 100 per month) when swiping the credit card on ICICI merchant services POS machines.
  • 1% fuel surcharge waiver at all HPCL pumps for transactions up to Rs. 4,000.
• General Spends:
  • 2 Reward Points per Rs. 100 spent on all retail purchases, except fuel transactions.
• Movies:
  • Rs. 100 off on movie ticket bookings via BookMyShow. This benefit can be availed a maximum of twice in a month, potentially saving up to Rs. 2,400 annually.
• Dining:
  • Minimum 15% savings on dining bills through the ICICI Bank Culinary Treats Programme at over 2,500 participating restaurants.
• Travel & Lounge:
  • Complimentary Dreamfolks membership (USD 99 annual membership fee is waived).
  • 2 complimentary airport lounge visits outside India every year.
  • 2 spa sessions at selected airports in India every year.
• Domestic Lounge Access: Not explicitly mentioned as "Lounge Access," but 2 spa sessions at selected airports in India are provided through Dreamfolks membership.
• International Lounge Access: 2 complimentary airport lounge visits outside India per year.
• Golf: Not applicable.
• Insurance Benefits: No insurance benefits are provided with this card.

Rewards Redemption Guide

• Redemption Value: 1 Reward Point = Rs. 0.25 when redeemed against the card's statement balance or for gifts.
• Fuel Redemption: Reward Points can be redeemed for fuel purchases at HPCL filling stations, where 2,000 Reward Points equate to Rs. 500 worth of fuel.
• Redemption Fee: A fee of Rs. 99 is charged on every redemption request.

Card Review

The ICICI Bank HPCL Platinum Credit Card is highly recommended for individuals with frequent fuel expenses, particularly at HPCL pumps. Its key features include an attractive 2.5% cashback on fuel and a 1% fuel surcharge waiver, directly translating to savings on essential purchases. The card stands out with its nominal joining and annual fee of Rs. 199 each, which can easily be waived by spending Rs. 50,000 in the preceding year. Beyond fuel, it offers valuable benefits such as movie discounts, dining savings through the Culinary Treats program, and complimentary international lounge access and spa sessions via Dreamfolks membership. This card provides a good opportunity to save across various categories, making it a smart choice for those seeking a credit card with significant fuel advantages and broader lifestyle benefits at a low cost.

Important Product Details

• Earn 2 Reward Points per Rs. 100 spent on all retail purchases, excluding fuel transactions.
• Receive 2.5% cashback (up to Rs. 100 per month) on all fuel transactions at HPCL pumps when swiping the card through ICICI merchant services swipe machines.
• Enjoy exclusive dining offers with a minimum discount of 15% on dining bills at partner restaurants through the ICICI Bank Culinary Treats Program.
• The annual renewal fee of Rs. 199 can be waived by spending Rs. 50,000 or more in the previous year.
• Get Rs. 100 off on up to 2 movie tickets per month when booking via BookMyShow.
• Access 2 complimentary airport lounge visits outside India and 2 spa sessions at selected airports in India annually, through a complimentary Dreamfolks membership (USD 99 annual fee waived).

Other Details

• Best Suited For: Fuel
• Reward Type: N/A (as per the card's initial specification, but it offers Reward Points and cashback).