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HPCL ICICI Bank Coral Credit Card Review

HPCL ICICI Bank Coral Credit Card is primarily a co-branded card offering from Hindustan Petroleum and ICICI Bank. The card offers up to 2.5% cashback on fuel purchases and 1% fuel surcharge waiver along with 0.50% reward rate on retail spends and 25% discount on movie tickets up to Rs 100.

HPCL ICICI Bank coral credit card

HPCL ICICI Bank Coral Credit Card Highlights

Card TypeFuel
Joining FeeRs 199 + GST
Annual Fee– NIL for first year
– Rs 199 + GST from second year (reversed on annual spend of Rs 50,000 or more)
Welcome OfferNot available
Best Features– 2.5% cashback on fuel purchases at HPCL pumps
– 1% fuel surcharge waiver on HPCL pumps

Fees and Charges

Joining fee

Rs 199 + GST

Annual fee

Rs 199 + GST. There is no renewal fee the first year and the a annual fee for the subsequent years can be waived-off on a annual spend of Rs 50,000 or more .

Finance charges

3.40% per month (40.80% APR)

Late payment fees

Below Rs 100 – NIL
Rs. 100 to Rs. 500: Rs. 100
Rs. 501 to Rs. 5,000: Rs. 500
Rs. 5,001 to Rs. 10,000: Rs. 750
Rs. 10,001 to Rs. 25,000: Rs. 900
Rs. 25,001 to Rs. 50,000: Rs. 1,000
Above Rs. 50,000: Rs. 1,200

Cash advance fee

A transaction fee of 3.40%.

HPCL ICICI Coral Card Benefits & Perks

The card offers rewards across multiple categories but the best benefits come on fuel savings.

Fuel Benefits

Cashback: Get 2.5% cashback on fuel purchases at HPCL pumps on each transaction with a minimum value of Rs 500. The monthly cashback limit is Rs 100.

Fuel Surcharge Waiver: Save 1% fuel surcharge on every transaction with a maximum value of Rs 4000, only on HPCL pumps.

Other Category Rewards

Regular Spends: You earn 2 reward points for every Rs 100 spent on retail purchases except fuel. The reward rate on retail purchase essentially comes to 0.5%. You can redeem 2000 reward points worth Rs 500 of fuel.

Movies: The cardholders get 25% discount (up to Rs 100) per transaction on movie ticket bookings on Bookmyshow.

Dining: Get 15% off on dining bills across 800 restaurants via the Culinary Treats program.

Eligibility Criteria

  • The card applicant must be 18-60 years of age
  • Salaries or self-employed.
  • Recommended- Monthly salary of Rs 20,000 or more, OR, ITR of Rs 3 lakh or more and CIBIL score upward of 700.

Apply Online

You can apply online for the HPCL ICICI bank Coral credit card directly through the website of ICICI Bank. You will need to fill the form online and submit scanned documents as required if eligible.

Should You Get HPCL ICICI Coral Bank Credit Card?

You should only choose to get the card if you prefer HPCL pumps and do not have any other primary fuel credit card. The card used to be decent in recent years but the cashbacks are rewards are much limited now.

If you can, look for better offerings such as HPCL IDFC Power Plus, HPCL Bank of Baroda ENERGIE card, HPCL IDFC First Power credit card or another co-branded offering from HPCL ICICI Bank – Super Saver card.

You can also explore other options if you are okay with refuelling at IndianOil and Bharat Petroleum pumps.

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