By Rajat Gaur
Updated On October 15, 2021

ICICI bank has launched this new co-branded credit card on 20th July, 2021 in collaboration with Hindustan Petroleum Corporation Limited (HPCL). This is an addition to the bank’s catalog of HPCL credit cards. The unique feature of the Super Saver credit card is that, unlike most other co-branded cards that earn you cashback/rewards only on one particular category of spends, the ICICI Bank HPCL Super Saver Card earns you cashback and/or reward points benefit (as PAYBACK points) on all categories of spends. Read on for details on this cobranded offering by the ICICI Bank.

ICICI Bank HPCL Super Saver Credit Card

Best Suited For

Fuel | Shopping |

Joining Fee

Rs. 500 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • Welcome benefit of 2,000 PAYBACK points, provided the card membership fee is paid within 2 months of card setup and a minimum amount of Rs. 5,000 is spent within the first 45 days.
  • Cashback of Rs. 100 on the HP Pay app wallet on the first transaction of a minimum of Rs. 1,000 made using the app.
  • 5% savings (4% cashback + 1% fuel surcharge waiver) on fuel purchases at HPCL stations (4% cashback capped at Rs. 200 per month).
  • 1.5% additional cashback on fuel purchases on HPCL outlets when you use HP Pay app.
  • Fuel surcharge waiver of 1% applicable over and above the aforementioned 4% cashback.
  • 5% cashback as PAYBACK points on utilities, groceries, and departmental store purchases. Maximum PAYBACK benefit capped at 400 PAYBACK points per payment cycle.
  • 2 PAYBACK Points every Rs. 100 spent on all other purchases.
  • Complimentary 24×7 Road Assistance Service (RAS).
  • Complimentary domestic airport lounge access.
  • 25% off on movie tickets on BookMyShow and Inox movies. Maximum discount capped at Rs. 100 per transaction.
  • Discount at partner restaurants with the ICICI Bank Culinary Treats Program.

Rewards and Benefits

Welcome Benefits

2,000 PAYBACK Points on realization of membership fee within 2 months and expenditure of a minimum of Rs. 5,000 within the first 45 days of card set up; Rs. 100 cashback on HP Pay app on first transaction of Rs. 1,000 or above made via the app.

Movie & Dining

25% discount (max Rs. 100 per transaction) on movie tickets booked on BookMyShow and Inox movies individually, dining benefits under the ICICI Bank Culinary Treats Program

Rewards Rate

4% cashback on fuel purchases at all HPCL stations, 5% cashback as PAYBACK points on utility and departmental store purchases, 2 PAYBACK points per Rs. 100 spent for all other domestic and international transactions.

Reward Redemption

PAYBACK reward points redeemable for movie and travel vouchers, purchases of mobile, appliances and many other products on payback.in. 1 PAYBACK Point = Rs. 0.25

Travel

Complimentary domestic airport lounge access under Visa Domestic Lounge Program

Golf

N/A

Domestic Lounge Access

1 complimentary domestic airport lounge access every quarter under Visa Domestic Lounge Program

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

Cardholder not liable for any unauthorized transaction made post the time of reporting the loss of card. However, for transactions made prior to the time of reporting, the liability lies solely with the cardholder.

Fees & Charges

Joining Fee

Rs. 500 (plus applicable taxes)

Renewal Fee

Rs. 500 (plus applicable taxes)

Spend based Waiver

Annual fee waiver (second year onwards) on the expenditure of Rs. 1.5 lakh in the preceding 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 subject to a minimum amount of Rs. 250

Interest Rates

3.4% per month (or 40.8% per annum)

Fuel Surcharge

1% fuel surcharge waived at all fuel stations across India

Cash Advance Charge

2.5% of the withdrawn amount subject to a minimum amount of Rs. 300

Add-on Card Fee

Rs. 100

ICICI Bank HPCL Super Saver Credit Card Welcome Benefits:

  • You get 2,000 PAYBACK Points as a Welcome Benefit on the realization of the membership fee within 2 months of card setup provided that a minimum amount of Rs. 5,000 is spent in the first 45 days.
  • A cashback of Rs. 100 is added to the HP Pay app wallet after the first transaction of a minimum of Rs. 1,000 is made using the app.

Spends Based Waiver:

The annual card membership fee is waived off if Rs. 1.5 lakh were spent in the preceding year.

ICICI Bank HPCL Super Saver Credit Card Rewards:

  • You get a cashback of 4% on fuel purchases at all HPCL filling stations. Maximum cashback is capped at Rs. 200 per month, which means you can get a 4% cashback on fuel purchases of up to Rs. 5,000 every month.
  • 5% cashback as PAYBACK points (20 PAYBACK Points per Rs. 100 spent) on utility and departmental store purchases. Maximum PAYBACK benefit is capped at 400 PAYBACK points per payment cycle, which means you can get a maximum cashback of Rs. 100 each month on these categories.
  • 2 PAYBACK points per Rs. 100 spent for all other domestic and international transactions.

Reward Redemption:

  • The PAYBACK points earned can be redeemed for a variety of expenditure categories including movies, travel (hotel/flight bookings), lifestyle products, mobiles, etc on the PAYBACK reward redemption portal.
  • A reward redemption fee of Rs. 99 is chargeable for every reward redemption request.

Fuel Transactions:

You get a total benefit of 5% of the transaction amount on fuel purchases including a cashback of 4% and a fuel surcharge waiver of 1% at all HPCL filling stations across India.

Travel Benefits:

You get 1 complimentary domestic lounge access every quarter at major airports across India under the Visa Domestic lounge program. To avail of the complimentary domestic lounge access, you need to spend a minimum of Rs. 5,000 in the previous quarter.

Movie and Dining Benefits:

  • 25% discount (max Rs. 100 per transaction) on movie tickets booked on BookMyShow and Inox movies individually. The benefit can be availed not more than twice a month.
  • Exclusive discounts at partner restaurants under the ICICI Bank Culinary Treats Programme.

Road Assistance Service:

You get a complimentary 24×7 Road Assistance Service (RAS) with this credit card including over-the-phone assistance, onsite vehicle repair, replacement/locked or lost keys, flat tyre support, etc.

How to apply:

You can apply for this credit card by visiting the card’s page on ICICI’s website and submitting the required documents. You will need an identity/address proof for KYC and proof of income like salary slips or ITR acknowledgment.

Conclusion:

Considering the fact that it’s an entry-level credit card (annual membership fee being just Rs. 500), the ICICI Bank HPCL Super Saver card offers a very good reward rate of 5% on fuel purchases (4% cashback and 1% surcharge waiver). Apart from the fuel benefits, you also earn PAYBACK points on all other purchases. On top of this, you get complimentary domestic lounge visits with the Visa Domestic Lounge program. If you frequently use your credit card for fuel purchases, you must consider the HPCL Super Saver credit card by the ICICI bank.

So, that was our take. What’s your opinion on this brand new offering by the ICICI bank? Do let us know in the comments. And if you’re an existing cardholder, feel free to share your experience.

FAQs:

You get a cashback of 4% and a surcharge waiver of 1% on fuel purchases at all HPCL stations across India, which makes for a total benefit of 5% on fuel purchases at HPCL filling stations.

No, you get only domestic lounge access with the this Credit Card.

PAYBACK reward points redeemable for movie and travel vouchers, purchases of mobile, appliances and many other products on payback.in

No, you don’t get any golf benefits with this credit card.

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