Introduction
The ICICI Bank HPCL Super Saver Credit Card is designed for individuals seeking to minimize their expenses on fuel, utility bills, groceries, and departmental store purchases. This card is especially beneficial for those who frequently purchase fuel at HPCL outlets, as well as those who appreciate additional perks such as movie ticket discounts and airport lounge access.
ICICI Bank Hpcl Super Saver Credit Card
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Joining Benefits of ICICI Bank HPCL Super Saver Credit Card
- Welcome Bonus:
- Earn 2,000 PAYBACK points on spending โน5,000 within the first 30 days of card issuance.
- Fuel Savings:
- 5% cashback on fuel purchases at HPCL petrol pumps using the card and PayWave feature.
- 1.5% cashback as PAYBACK points on fuel transactions at HPCL.
- Reward Points:
- 2 PAYBACK points for every โน100 spent on all other categories.
- Fuel Surcharge Waiver:
- 1% waiver on fuel surcharge at HPCL petrol pumps.
- Dining Benefits:
- Up to 15% savings on dining bills at over 2,500 participating restaurants through the Culinary Treats program.
- Annual Fee Waiver:
- Annual fee waived on spending โน1.5 lakhs in a year.
- Reward Redemption:
- Easy redemption of PAYBACK points for fuel, gift vouchers, and other rewards.
- Interest-Free Period:
- Up to 48 days of interest-free credit.
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ICICI Bank HPCL Super Saver Credit Card Eligibility
To apply for the ICICI Bank HPCL Super Saver Credit Card, prospective cardholders must meet certain eligibility criteria set by ICICI Bank. These criteria ensure that applicants have a suitable financial profile and credit history to manage the card responsibly. Below are the key eligibility requirements:
Age Criteria
- Primary Cardholder:
- The applicant must be at least 21 years old and should not exceed 60 years of age.
- Supplementary Cardholder:
- Supplementary cardholders must be at least 18 years old.
Income Criteria
- Salaried Individuals:
- Applicants must meet the minimum income criteria as specified by ICICI Bank. This typically involves providing proof of stable income, such as salary slips or income tax returns.
- Self-Employed Individuals:
- Self-employed applicants must also meet the minimum income criteria and provide proof of business continuity and income, such as audited financials or income tax returns.
Employment Status
- Salaried Applicants:
- Must be employed with a stable job and provide proof of employment.
- Self-Employed Applicants:
- Must demonstrate a stable business with consistent income over the past few years.
Credit Score
- Credit History:
- Applicants should have a good credit history with a high credit score. A strong credit score increases the chances of approval and may also influence the credit limit offered.
Documentation
- Identity Proof:
- Valid identity proof such as Aadhaar card, PAN card, passport, voter ID, or driving license.
- Address Proof:
- Valid address proof such as Aadhaar card, utility bill, rental agreement, passport, or voter ID.
- Income Proof:
- For salaried individuals: Latest salary slips, Form 16, or income tax returns.
- For self-employed individuals: Income tax returns, audited financial statements, or proof of business continuity.
- Photographs:
- Recent passport-sized photographs as specified by the bank.
Additional Requirements
- Existing Relationship with ICICI Bank:
- Having an existing relationship with ICICI Bank, such as a savings account or another credit card, may enhance the likelihood of approval.
User Experience
The user experience of the ICICI Bank HPCL Super Saver Credit Card is shaped by its accessibility, ease of use, and customer support. Here is a detailed analysis of the user experience aspects of this credit card:
Application Process
- Simple Application: The application process for the ICICI Bank HPCL Super Saver Credit Card is straightforward and can be completed online. Applicants need to fill out an application form, submit necessary documents, and await approval.
- Quick Approval: Many users report a relatively quick approval process, often receiving their cards within a few days of application submission.
Card Activation and Use
- Easy Activation: Upon receiving the card, activation can be done through various channels such as internet banking, mobile app, or by calling customer support.
- User-Friendly Interface: The ICICI Bank mobile app and internet banking platform provide a user-friendly interface for managing the card. Users can check their balance, review transactions, pay bills, and redeem reward points seamlessly.
Reward Redemption
- Flexible Redemption Options: Reward points can be easily redeemed through the bankโs online platform for various options including fuel, merchandise, vouchers, and more.
- Regular Updates: Users receive regular updates on their reward points balance and can track their savings efficiently.
Customer Support
- 24x7 Customer Service: ICICI Bank offers 24x7 customer support to address any issues or queries related to the card. Users can reach out via phone, email, or chat support.
- Roadside Assistance: The complimentary 24x7 Roadside Assistance (RSA) ensures that users can get help in case of vehicle breakdowns, adding to the convenience and peace of mind for cardholders.
Additional Services
- Concierge Services: The 24x7 concierge service, available on RuPay variants, provides assistance with a variety of tasks such as travel bookings and event planning, enhancing the overall user experience.
- Airport Lounge Access: The complimentary domestic airport lounge access offers a luxurious travel experience, though users must meet the spending criteria to avail of this benefit.
Security and Notifications
- Secure Transactions: The cardโs chip and PIN technology ensures secure transactions, reducing the risk of fraud.
- Instant Notifications: Users receive instant SMS and email notifications for every transaction, which helps in monitoring the cardโs usage and identifying any unauthorized activity promptly.
Additional Perks and Benefits
The ICICI Bank HPCL Super Saver Credit Card offers several additional perks and benefits that enhance its value proposition. These extra features are designed to provide cardholders with added convenience, security, and savings. Here is a detailed look at these perks and benefits:
Entertainment Benefits
- Movie Ticket Discounts:
- 25% Discount: Cardholders can enjoy a 25% discount on movie tickets booked through BookMyShow and INOX, up to Rs. 100 per transaction. This benefit is available twice a month, providing regular savings for movie enthusiasts.
Travel Benefits
- Domestic Airport Lounge Access:
- Complimentary Access: Cardholders can avail of complimentary domestic airport lounge access once per quarter. To qualify, users must spend Rs 35,000 in the previous calendar quarter. This perk offers a comfortable and luxurious travel experience.
Insurance Benefits
- Personal Accident Cover:
- Accident Insurance: The card provides personal accident cover, valid for RuPay variants. This benefit offers financial protection in the event of an accident, providing peace of mind to cardholders.
Roadside Assistance
- 24x7 Roadside Assistance:
- Comprehensive Support: Cardholders have access to complimentary 24x7 Roadside Assistance (RSA). This service includes towing, on-site repair for minor issues, fuel delivery, locked/lost key benefit, and more, ensuring that users are never stranded in case of vehicle trouble.
Concierge Services
- 24x7 Concierge Service:
- Convenience and Assistance: Available on RuPay variants, the 24x7 concierge service helps with various tasks such as travel bookings, event planning, and more. This service adds a layer of convenience, allowing cardholders to focus on other priorities while the concierge handles the details.
Security Features
- Chip and PIN Security:
- Enhanced Protection: The card comes with chip and PIN technology, offering additional security against counterfeiting and fraud. This feature ensures that all transactions are secure, whether at merchant outlets or online.
Notifications and Alerts
- Instant Transaction Alerts:
- Real-Time Updates: Cardholders receive instant SMS and email notifications for every transaction. This feature helps in monitoring card activity and identifying any unauthorized usage promptly.
| ๏ปฟFeature/Benefit | Details |
|---|---|
| Type of Card | Credit Card |
| Annual Fee | Rs 500 + GST (waived on spends of Rs 1,50,000/year) |
| Joining Fee | Rs 500 + GST |
| Reward Rate | - 1.5% reward points on HP Pay app fuel purchases |
| - 5% cashback in reward points on utility, grocery, and departmental store purchases | |
| - 2 reward points per Rs 100 spent on retail purchases (except fuel) | |
| Renewal Rate | Rs 500 + GST (waived on spends of Rs 1,50,000/year) |
Pros and Cons
The ICICI Bank HPCL Super Saver Credit Card has several advantages and a few drawbacks. Here is a detailed analysis of the pros and cons to help potential cardholders make an informed decision:
Pros
- Significant Fuel Savings:
- 1.5% Additional Reward Points: Earn extra reward points on fuel purchases through the HP Pay app at HPCL outlets, making it ideal for frequent drivers.
- High Cashback Rates:
- 5% Cashback: Receive 5% cashback in the form of reward points on utility bills, grocery, and departmental store purchases, offering substantial savings on everyday expenses.
- Entertainment Discounts:
- 25% Movie Ticket Discount: Enjoy 25% off on movie tickets booked through BookMyShow and INOX, up to Rs. 100 per transaction, twice a month.
- Travel Perks:
- Complimentary Lounge Access: Access domestic airport lounges once per quarter, enhancing the travel experience for frequent flyers.
- Comprehensive Roadside Assistance:
- 24x7 RSA: Benefit from 24x7 Roadside Assistance, which includes towing, on-site repair, and other services, providing peace of mind during travel.
- Security Features:
- Chip and PIN Security: Enhanced protection against fraud with chip and PIN technology, ensuring secure transactions.
- Flexible Reward Redemption:
- Various Options: Redeem reward points for fuel, merchandise, vouchers, and more, offering flexibility in how you use your rewards.
- User-Friendly Management:
- Easy Management: Manage the card through the ICICI Bank mobile app and internet banking platform, which are both user-friendly and convenient.
Cons
- Annual Fee:
- Rs 500 Annual Fee: The card carries an annual fee of Rs 500 plus GST, which is only waived if annual spending exceeds Rs 1,50,000. This might be a drawback for those with lower spending patterns.
- Limited Reward Points on Retail Purchases:
- 2 Reward Points per Rs 100: Retail purchases earn only 2 reward points per Rs 100 spent, which is lower compared to the cashback on utilities and groceries.
- Specific Eligibility for Insurance and Concierge Services:
- RuPay Variant Limitation: Personal accident cover and 24x7 concierge services are only available on the RuPay variant, limiting these benefits for users of other card variants.
- High Interest Rate:
- 42% Annualized Interest: The overdue interest on extended credit and cash advances is 3.50% per month (42% annualized), which is quite high compared to some other credit cards.
- Spending Threshold for Lounge Access:
- Quarterly Spend Requirement: Complimentary airport lounge access is contingent on spending Rs 35,000 in the previous calendar quarter, which may be difficult for some users to achieve.
- Utility of Rewards:
- HP Pay App Dependency: To maximize fuel savings, users need to make fuel purchases through the HP Pay app, which may not be convenient for everyone.
Pricing and Plans
The ICICI Bank HPCL Super Saver Credit Card offers competitive pricing and fee structures designed to provide substantial value for frequent users. Here is an in-depth look at the various fees and charges associated with this credit card:
Joining and Annual Fees
- Joining Fee:
- Rs 500 + GST: A one-time joining fee of Rs 500 plus Goods and Services Tax (GST) is charged when you apply for the card. This fee is relatively low compared to other credit cards with similar benefits.
- Annual Fee:
- Rs 500 + GST (from the second year onwards): An annual fee of Rs 500 plus GST is applicable from the second year onwards. However, this fee can be waived if the cardholder's annual spending exceeds Rs 1,50,000. This incentivizes higher spending and rewards regular usage of the card.
- Supplementary Card Fee:
- Rs 100: A nominal fee of Rs 100 is charged for each supplementary card, allowing family members to benefit from the cardโs features at a minimal cost.
Interest Rates
- Overdue Interest on Extended Credit and Cash Advances:
- 3.50% per month (42% annualized): The interest rate on overdue balances and cash advances is relatively high at 3.50% per month, or 42% per annum. Cardholders are advised to pay their balances in full each month to avoid these high interest charges.
Additional Charges
- Cash Advance Fee:
- 2.50% of the transaction amount (minimum Rs 300): A fee of 2.50% of the transaction amount is charged for cash advances, with a minimum charge of Rs 300.
- Late Payment Fee:
- Rs 100 - Rs 1,200 (based on the total amount due): Late payment fees are tiered based on the outstanding balance, ranging from Rs 100 to Rs 1,200. Ensuring timely payments can help avoid these additional costs.
- Overlimit Fee:
- 2.50% of the overlimit amount (minimum Rs 500): If you exceed your credit limit, an overlimit fee of 2.50% of the amount over the limit is charged, with a minimum fee of Rs 500.
- Foreign Currency Markup:
- 3.50%: A 3.50% fee is charged on all foreign currency transactions, which is standard for most credit cards but should be considered by frequent international travelers.
Fee Waivers and Benefits
- Annual Fee Waiver:
- Spend Rs 1,50,000 or more: The annual fee for the subsequent year is waived if the cardholder spends Rs 1,50,000 or more in the previous year. This makes the card effectively free for high spenders.
- Reward Points and Cashback:
- Earn and Redeem: The card offers substantial rewards and cashback opportunities that can offset the cost of fees if used effectively. Reward points earned can be redeemed for fuel, merchandise, vouchers, and other options, providing significant savings.
- Complimentary Services:
- Roadside Assistance, Airport Lounge Access, and More: Additional complimentary services such as 24x7 Roadside Assistance and domestic airport lounge access add considerable value to the card, enhancing the overall benefits.
Best Fuel Credit Cards in India like the ICICI Bank HPCL Super Saver Credit Card are designed to provide significant savings and benefits, especially for those who have regular fuel, utility, and grocery expenses.
Comparative Analysis
Here is a comparative analysis of the ICICI Bank HPCL Super Saver Credit Card against other similar credit cards in the Indian market, such as the IndianOil Axis Bank Credit Card, IndianOil Citi Credit Card, and SBI BPCL Octane Credit Card:
| ๏ปฟFeature / Card | ICICI Bank HPCL Super Saver Credit Card | IndianOil Axis Bank Credit Card | IndianOil Citi Credit Card | SBI BPCL Octane Credit Card |
|---|---|---|---|---|
| Joining Fee | Rs 500 + GST | Rs 500 + GST | Rs 1,000 + GST | Rs 1,499 + GST |
| Annual Fee | Rs 500 + GST | Rs 500 + GST | Rs 1,000 + GST | Rs 1,499 + GST |
| Annual Fee Waiver | Yes (Spend Rs 1,50,000) | Yes (Spend Rs 50,000) | Yes (Spend Rs 30,000) | Yes (Spend Rs 2,00,000) |
| Fuel Cashback/Reward Points | 1.5% Additional RP via HP Pay | 4% Cashback on fuel | 4 Turbo Points per Rs 150 | 7.25% Valueback on fuel |
| Utility/Grocery Cashback | 5% Reward Points | N/A | N/A | N/A |
| Movie Discounts | 25% (up to Rs 100) | N/A | N/A | 10% (via BPCL app) |
| Airport Lounge Access | Yes (Domestic, Quarterly) | Yes (Domestic, 4/year) | No | Yes (Domestic, 6/year) |
| Reward Points on Retail Spends | 2 RP per Rs 100 | 1 RP per Rs 200 | 1 Turbo Point per Rs 150 | 6 BPCL Points per Rs 100 |
| Roadside Assistance | Yes (24x7) | No | No | No |
| Concierge Services | Yes (RuPay variant only) | No | No | Yes |
| Interest Rate on Overdue Balance | 3.50% per month (42% annualized) | 3.40% per month (40.8% annualized) | 3.75% per month (45% annualized) | 3.35% per month (40.2% annualized) |
| Foreign Currency Markup | 3.50% | 3.50% | 3.50% | 3.50% |
| Supplementary Card Fee | Rs 100 | Nil | Nil | Nil |
Conclusion and Overall Rating
The ICICI Bank HPCL Super Saver Credit Card stands out as a robust financial tool designed to provide significant savings on fuel, utility bills, groceries, and more. With its comprehensive rewards program, the card offers tangible benefits for everyday spending, making it an attractive choice for individuals looking to maximize their savings.
Key Highlights:
- Fuel Savings: The card excels in offering additional reward points for fuel purchases made via the HP Pay app, making it highly beneficial for frequent drivers.
- Utility and Grocery Benefits: The 5% cashback on utility bills, groceries, and departmental store purchases is a standout feature, offering substantial savings on essential expenditures.
- Entertainment Perks: The 25% discount on movie tickets through BookMyShow and INOX adds an enjoyable benefit for movie-goers.
- Travel Benefits: Complimentary domestic airport lounge access and 24x7 roadside assistance enhance the card's value for travelers.
- Security and Convenience: Features such as chip and PIN security and instant transaction notifications provide peace of mind and ease of use.
The ICICI Bank HPCL Super Saver Credit Card is highly recommended for individuals who frequently spend on fuel, utilities, and groceries. Its comprehensive rewards program, combined with valuable travel and entertainment perks, makes it a versatile and cost-effective choice for a wide range of users. Careful management of the card to avoid high interest charges can further enhance its overall value.
