By Divya Shokeen
Updated On October 15, 2021

ICICI HPCL Coral American Express Credit Card is a co-branded credit card launched by ICICI Bank in collaboration with Hindustan Petroleum Corporation Limited and American Express. It is an entry-level card and comes with an annual fee of Rs. 199. The card earns you 2 PAYBACK Points per Rs. 100 spent with the card and accelerated 3X PAYBACK Points (6 Points) per Rs. 100 spent on fuel purchases at HPCL filling stations. Although, other benefits like complimentary lounge access and insurance covers are missing, it can be a good choice in the entry-level segment if you travel by road a lot. Read on to know more about this entry level co-branded offering by ICICI Bank.

ICICI Bank HPCL Coral American Express Credit Card

Best Suited For

Fuel |

Joining Fee

Rs. 199 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • 6 PAYBACK Points per Rs. 100 spent on fuel purchase at HPCL pumps.
  • 2 PAYBACK Points per Rs. 100 on all other retail spendings.
  • 2.5% cashback (up to Rs. 100) on fuel purchases at HPCL pumps. A minimum transaction of Rs 500 is required to avail of the benefit.
  • 25% discount (up to Rs. 100) per transaction on a minimum purchase of two tickets.
  • Exclusive dining offers with the ICICI Bank Culinary Treats program.

Rewards and Benefits

Welcome Benefits

N/A

Movie & Dining

25% discount up to Rs. 100 on the purchase of a minimum of two movie tickets in a single transaction (max 2 times in a month), exclusive dining offers with the ICICI Bank Culinary Treats Program.

Rewards Rate

2 PAYBACK Points per Rs. 100 on all retail spends with the card, 3X (6) PAYBACK Points on fuel purchases at HPCL filling stations, 2.5% cashback up to Rs.100 on a minimum fuel purchase of Rs. 500 at all HPCL pumps.

Reward Redemption

PAYBACK Points can be used to pay for fuel purchases at HPCL filling stations (2,000 PAYBACK Points = Rs. 500 worth of fuel) or can be redeemed for purchasing vouchers, and items from the product catalogs at payback.in

Travel

N/A

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

N/A

Fees & Charges

Joining Fee

Rs. 199 (plus applicable taxes)

Renewal Fee

Rs. 199 (plus applicable taxes)

Spend based Waiver

The renewal fee will be waived off on spending Rs. 50,000 in the previous year.

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.40% per month (or 40.8% per annum)

Fuel Surcharge

1% fuel surcharge waived at all HPCL petrol pumps across India on transactions up to Rs. 4000.

Cash Advance Charge

2.50% or a minimum of Rs. 300

Add-on Card Fee

Nil

ICICI Bank HPCL Coral American Express Credit Card Rewards:

  • 6 (3X) PAYBACK Points per Rs. 100 spent on fuel purchases at all HPCL filling stations across India.
  • 2 PAYBACK Points per Rs. 100 on all other retail spends.
  • 2.5% cashback up to Rs. 100 on a minimum fuel purchase of Rs. 500 at HPCL pumps.

Reward Redemption:

  • PAYBACK Points can be redeemed for purchasing fuel at HPCL filling stations. 2,000 PAYBACK Points = Rs. 500 worth of fuel.
  • PAYBACK Points can also be redeemed for shopping vouchers and products (from the PAYBACK catalog) at payback.in.

Milestone Benefits:

The annual renewal fee of the card is waived off on a minimum expenditure of Rs. 50,000 in a year.

ICICI Bank HPCL Coral American Express Credit Card Movies and Dining Benefits:

  • 25% discount up to Rs. 100 on booking a minimum of 2 movie tickets in a single transaction on BookMyShow. This benefit can be availed for a maximum of 2 times a month.
  • Exclusive dining offers at partner restaurants with the ICICI Bank Culinary Treats Program.

Conclusion:

It must have become overwhelming to grasp all the above-given details in one go. Let us have a quick look to make it easier for you. The ICICI HPCL Coral American Express Credit Card is one of the most affordable ICICI credit cards that allows you to earn reward points and cash-backs on every fuel transaction at HPCL pumps across India. On this card, you can earn 6 reward points on Rs. 100 spent on fuel at all HPCL pumps. Also, you get a discount of 2.5% on minimum spending of Rs. 500 on fuel transactions. Other than this, you also earn 2 PAYBACK points on all other retail shopping. Now comes the question of how you can redeem these reward points. This card enables you to redeem accumulated points towards purchasing fuel at HPCL pumps, 2000 PAYBACK points are equivalent to fuel worth Rs. 500. Moreover, payback points can be redeemed for buying e-vouchers from 100+ brands like Myntra, Lifestyle, Shoppers Stop, Domino’s, KFC, and many others. You also get 25% off (discount up to Rs. 100) on movie tickets on BookMyShow twice a month.

FAQs:

No, the ICICI Bank HPCL Coral American Express Credit Card does not provide any domestic/international lounge access.

The ICICI Bank levies an interest charge of 3.40% p.m. on the ICICI Bank HPCL Coral American Express Credit Card.

ICICI Bank charges a fee of Rs. 199 plus GST for both joining and annual membership on the ICICI Bank Coral American Express Credit Card.

The foreign currency mark-up charges on this card are 3.5%.

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