ICICI Bank HPCL Super Saver Credit Card | Features & Benefits | Review

In association with Hindustan Petroleum Corporation Limited (HPCL), ICICI Bank today announced the launch of its co-branded credit card named, ‘ICICI Bank HPCL Super Saver Credit Card’, the new card offers rewards and benefits to customers on their everyday spends on fuel as well as other categories including electricity, departmental stores and e-commerce portals, among others. Details below:

Joining Benefits

• 2000 Payback points

          - Joining benefit of 2000 Payback points will be applicable only on cards that are charged a joining fee.

          - Applicable on charging the card for INR 5,000 and above, within 45 days of issuance of the Credit Card.

• Cashback of INR 100 in the ‘HP Pay’ app wallet on the first transaction made using the app worth INR 1,000 or above.

Reward Points

• 20 Payback Point per Rs. 100 spent on utilities and department store transactions.

          - Reward Rate 5%.

          - Capped at Rs 200 worth of Payback points per month.

• 2 Payback Point per Rs. 100 on all other expenses.

          - Reward Rate 0.5%.

• Capped at 400 Payback points per Statement cycle. 

• Payback points are not applicable on EMI transactions, Balance Transfer, Personal Loan on Credit Cards, Cash advances and non-HPCL fuel transactions.

Fuel Benefits

• 5% cashback on fuel transactions at HPCL retail outlets.

          - Cashback of 5% comprises 4% cashback and 1% surcharge waiver.

          - Additional 6 Payback points per Rs. 100 spent on fuel made through HPCL’s ‘HP Pay’ app.

          - A total Reward Rate of 6.5% on Fuel expenses (including fuel surcharge waiver).

          - Cashback get capped at INR 200 per month.

Lounge Access

• 1 complimentary domestic airport lounge access per quarter provided that you spend at least Rs 5,000 in the previous calendar quarter.

• Please click here to view the updated list of lounges.

Entertainment

• Avail of 25% discount capped up to Rs 100 on purchasing a minimum of two tickets per transaction.

• This benefit can be availed up to two times in a month on BookMyShow and INOX movies, individually.

• For applicable T&Cs, click here for BookMyShow and click here for INOX.

Other Value-added benefits

• Exclusive dining offers through the Bank’s Culinary Treats Programme.

• Complimentary 24x7 Roadside Assistance.

Fee Structure

• Joining Fee: INR 500
• Annual Fee: INR 500 

          - Annual fee get reversed on spending Rs 1,50,000 or more annually.

CP's Take

Considering the overall benefits, the fuel cashback and accelerated RPs on utilities and department stores are the only features that seem to glitter. After successfully considering the complicated slabbed cappings across various categories, you will be left with a maximum savings of Rs. 500 per month in the form of cashback and accelerated rewards across all categories.

Because the Annual fee is low and reversible against 1.5L spends only, the card can be listed in the consideration bucket for individuals eyeing to kickstart their credit journey.

Should you require any further information, please do not hesitate to drop us a line in the comment section below. Alternatively, you can also write to us at admin@chargeplate.in.

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