ICICI Bank has introduced the HPCL Super Saver Credit Card in collaboration with Hindustan Petroleum Corporation Limited (HPCL), adding to its line of HPCL co-branded cards. What sets this card apart is its ability to earn cashbacks and reward points across all spending categories, unlike many other co-branded cards that typically offer benefits only for specific categories.
The card has a joining and annual fee of ₹500, which can be easily offset by the welcome benefit of bonus reward points and cashback. The 5% savings on fuel purchases at HPCL stations are a major highlight, but the card also offers reward points on a variety of other spending categories, ensuring you get value from all your expenses.
In addition to fuel savings, the card provides perks like airport lounge access, dining discounts, and movie deals, making it a well-rounded option for frequent travelers and entertainment seekers. Plus, the renewal fee can be waived based on annual spending, making it even more appealing for those looking for long-term savings.
Overall, the ICICI HPCL Super Saver Credit Card offers a balance of fuel benefits and rewards across a wide range of categories, making it a versatile option for anyone looking to maximize their savings.
Overview
| Feature | Details |
|---|---|
| Card Type | Fuel and Cashback Credit Card |
| Reward Rate | 5% cashback on HPCL fuel purchases |
| Reward Value | 1 reward point ≈ ₹0.25 |
| Annual Fee | ₹500 + GST (waived on spending ₹1,50,000 annually) |
| Unique Selling Points | High cashback on fuel, fuel surcharge waiver, accelerated rewards on dining and groceries |
| Rating (out of 5) | 4.6 |
ICICI Bank HPCL Super Saver Credit Card Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹500 + GST |
| Renewal Fee | ₹500 + GST (waived on spending ₹1,50,000 annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Late Payment Fee | ₹300 to ₹1,000 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
ICICI Bank HPCL Super Saver Credit Card Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 to ₹4,000 at HPCL fuel stations.
- Interest-Free Credit: Up to 48 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Cashback Offer | 2,000 reward points on spending ₹5,000 in the first 30 days |
Rewards
| Spend Category | Reward Rate |
|---|---|
| Fuel Purchases at HPCL | 5% cashback |
| Dining and Groceries | 2% cashback |
| Utility Bill Payments | 1.5% cashback |
| All Other Spends | 1 reward point per ₹100 spent |
| Reward Value | 1 point ≈ ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1,50,000 | Annual fee waiver |
Redemption
Reward points can be redeemed for:
- Fuel: Directly pay for fuel at HPCL stations using earned points.
- Gift Vouchers: Redeem points for shopping vouchers from top brands.
- Cashback: Convert points into statement credit.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Flipkart |
| Electronics | Croma |
| Travel | MakeMyTrip, Cleartrip |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Not available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
ICICI Bank HPCL Super Saver Credit Card Eligibility
To apply for the ICICI Bank HPCL Super Saver Credit Card, applicants must meet the following criteria:
- Age: 18 to 65 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
ICICI Bank HPCL Super Saver Credit Card Review
The ICICI Bank HPCL Super Saver Credit Card is an excellent choice for frequent fuel buyers who wish to save on their fuel expenses. With a 5% cashback rate on fuel purchases, a fuel surcharge waiver, and additional cashback on groceries and dining, this card offers substantial value. The annual fee is low and can be waived off by meeting the spending criteria, making it budget-friendly. The card’s various reward redemption options and straightforward savings make it a practical choice for everyday use.
Overall Rating: 4.6
- Benefits: 4.7
- Fees: 4.5
- Customer Service: 4.4
Pros and Cons
| Pros | Cons |
|---|---|
| High cashback on fuel purchases. | No airport lounge access. |
| Fuel surcharge waiver. | High foreign transaction fee. |
| Annual fee waiver on meeting spend criteria. | Limited rewards on non-fuel transactions. |
Similar Cards to ICICI Bank HPCL Super Saver Credit Card
| Feature | ICICI Bank HPCL Super Saver Credit Card | HPCL BoB ENERGIE Credit Card | BPCL SBI Card Octane |
|---|---|---|---|
| Annual Fee | ₹500 + GST | ₹499 + GST | ₹1,499 + GST |
| Lounge Access | Not available | Not available | Limited domestic access |
| Reward Rate | 5% cashback on HPCL fuel | Up to 24 points per ₹150 spent | 25 points per ₹100 spent at BPCL |
| Reward Value | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.25 |
| Special Benefits | High cashback on fuel, fuel surcharge waiver | High rewards on fuel, dining, groceries | High rewards on fuel, milestone benefits |
Relevant Links
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For more detailed information about ICICI Bank credit cards and other financial products, you can visit the official ICICI Bank website.
FAQ
What is the annual fee for the ICICI Bank HPCL Super Saver Credit Card?
The annual fee is ₹500 + GST, which is waived upon spending ₹1,50,000 annually.
How can I earn reward points with the ICICI Bank HPCL Super Saver Credit Card?
You can earn 5% cashback on fuel purchases at HPCL fuel stations.
How can I redeem the reward points earned with the ICICI Bank HPCL Super Saver Credit Card?
Reward points can be redeemed for fuel, gift vouchers, or cashback.
Does the ICICI Bank HPCL Super Saver Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹400 to ₹4,000 at HPCL outlets.
What are the milestone benefits of the ICICI Bank HPCL Super Saver Credit Card?
The card offers an annual fee waiver upon spending ₹1,50,000 in a year.
Is the ICICI Bank HPCL Super Saver Credit Card worth it for frequent fuel buyers?
Absolutely. With high cashback rates, a fuel surcharge waiver, and reasonable fees, this card provides excellent value for those who regularly spend on fuel.
