ICICI Bank HPCL Coral Credit Card
ICICI Bank HPCL Coral Credit Card is a co-branded card with Hindustan Petroleum that provide exciting offer and reward benefits. The card comes with joining/annual fee of just ₹199+GST that provide reward point which can redeem against exciting product and voucher and also fuel purchases. Being fuel card it provide 2.5% of cashback on fuel purchase at HPCL petrol pump and 1% fuel surcharge waiver which is good for entry level card. The card also give discount on movie ticket via bookmyshow which give edge to this card. Please read the below article for more details.
JOINING FEE
Rs.199+GST
RENEWAL FEE
Rs.199+GST
REWARDS &CASHBACK
2.5% Cashback on fuel purchases at HPCL Petrol Pump. 25% Discount Upto Rs.100 on BookMyshow on Two Ticket.
Key Features of ICICI HPCL Coral Credit Card
Reward Program
- Earn 2 Reward point on every spend of ₹100 on retail purchases.
- Earn 2.5% cashback upto ₹100 on purchasing fuel of worth ₹500 or more from HPCL fuel outlet.
- Earn 1 Reward point on every ₹100 spent on utility and insurance.
Fuel Surcharge Waiver
- Get 1% Fuel surcharge waiver on all HPCL petrol pump on transaction worth ₹400 - ₹4000.
Spend Based Waiver
- The annual fee of Rs.199 is waived off if you had spent Rs.50,000 in previous year and this is very much achievable.
Movie and Dining Benefits
- Avail 25% discount on movie ticket upto ₹100 booked on bookmyshow . The benefits can be avail twice a month.
Fees & Charges
Reward Redemption Fee
- There is charge of ₹99 per redemption request. Everytime when you redeem your points for product catalouge or statement balance ther will be some charge you have to pay.
- The reward point you earned can redeem for several product and voucher where the value of 1 Reward point = ₹0.25.
Foreign Currency Markup
- The card come with high foreign currency markup fee that is 3.5% of total transaction amount. So if you are looking of any international travel & transaction credit card you can choose other cards that have zero or very less markup fee.
Finance Charges & Cash withdrawal Fee
- Interest rate is 3.75% per month that is 55.55% per annum.
- Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
Eligibility Criteria
| Criteria | Salaried Individuals | Self Employed Individuals |
|---|---|---|
|
Age |
21-60 Years |
21-65 Years |
|
Income |
₹20000 Per month |
ITR should be ₹2,40,000 or more |
- Final Thoughts
At very low joining and annual fee the ICICI HPCL Coral Credit Card give decent return on fuel. If you look into the fuel spends, there is no reward offered by most of the credit card even premium card plus annual fee waiver criteria is very low just ₹50,000. So overall managing this card with other credit card is very much possible. The card also provide discount on movie ticket which is also other advantage to keep this card.
- Frequently Asked Questions
How can I redeem the reward point earn on ICICI Bank Credit Card?
The Reward point can be redeem through reward redemption portal or contacting ICICI Bank Credit Card customer care.
Do I get any lounge access benefits in ICICI HPCL Coral Credit Card?
No You will not get any lounge access benefits with this card.
Does ICICI HPCL Coral credit card have spend based annual fee waiver?
Yes the annual fee is waived off on spending Rs.50,000 in previous year.