HPCL BoB ENERGIE
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance. 2000 Bonus reward points on spending ₹5,000 or more in the first 60 days of issuance.
Milestone Benefits
Cashback Rate
The value of 1 reward point = INR 0.25.
Users will get 10 reward points for every ₹150 spent on grocery and departmental stores. Effective cashback rate: 1.67%.
24 reward points for every fuel spend of Rs.150. Effective cashback rate = 4% + 1% Fuel surcharge = 5%.
Movie Benefits
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
Annual Fee
Annual Fe: INR 499* *The annual fee will be waived if you spend Rs.50,000 in the preceding year.
Cash Advance Fee
Interest rate
3.49% p.m. (41.88% p.a.)
Late Payment Fee
Foreign Currency Transactions Fee
Foreign Currency Markup: 3.5% on all foreign transactions.
Other Fees
First Year Fee: INR 499 | Cash Advance Charges: 2.5% of the amount or Rs. 500, which ever is higher. | Rewards Redemption Fee: Nil
दोष
Fuel benefits are restricted only to HPCL outlets.
Higher rewards are offered only on fuel transactions.
Low reward redemption value.
Maximum capping on earning reward points.
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance. 2000 Bonus reward points on spending ₹5,000 or more in the first 60 days of issuance.
Reward System: The value of 1 reward point = INR 0.25. Users will get 10 reward points for every ₹150 spent on grocery and departmental stores. Effective cashback rate: 1.67%. 24 reward points for every Rs.150. Effective cashback rate = 4% + 1% Fuel surcharge = 5%. 10 RP and 24 RP are subject to a maximum of 1,000 reward points each per month, any spends on 10 RP and 24 RP spend categories beyond threshold spends will accrue points as per the regular rate.
Other Benefits: 4 lounge access per year (1 per quarter) at partner domestic lounges for Primary cardholders, 25% off up to ₹100 on the purchase of a minimum of 2 tickets per transaction on Paytm.
पक्ष विपक्ष
Welcome Benefits
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
पुरस्कार प्रणाली
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Eligibility Criteria
Age Criteria: Primary Card Holder- 21 to 65 years old ; Add-on Cardholder- above 18 years old
Minimum annual income of INR 3.60 Lakhs for salaried individuals and minimum annual income of INR 4.80 Lakhs for self-employed individuals
Resident of India
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
Eligibility Check: Ensure you meet the minimum age (21 years) and income criteria (varies depending on the card variant).
Choose Your Variant: HPCL BoB ENERGIE comes in two variants with different annual fees and welcome bonuses. Choose the one that best suits your spending habits.
Apply Online: Apply online through the Bank of Baroda website or HPCL website. Submit basic information, income documents, and proof of address.
Document Verification: Bank of Baroda will verify your documents and credit score.
Card Approval: If approved, you'll receive your HPCL BoB ENERGIE Credit Card within 7-10 business days.
सम्पर्क करने का विवरण
Toll free no.: 1800 225 100
Email: crm@bobfinancial.com
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance. 2000 Bonus reward points on spending ₹5,000 or more in the first 60 days of issuance.
Reward System: The value of 1 reward point = INR 0.25. Users will get 10 reward points for every ₹150 spent on grocery and departmental stores. Effective cashback rate: 1.67%. 24 reward points for every Rs.150. Effective cashback rate = 4% + 1% Fuel surcharge = 5%. 10 RP and 24 RP are subject to a maximum of 1,000 reward points each per month, any spends on 10 RP and 24 RP spend categories beyond threshold spends will accrue points as per the regular rate.
Other Benefits: 4 lounge access per year (1 per quarter) at partner domestic lounges for Primary cardholders, 25% off up to ₹100 on the purchase of a minimum of 2 tickets per transaction on Paytm.
Fuel benefits are restricted only to HPCL outlets.
Higher rewards are offered only on fuel transactions.
Low reward redemption value.
Maximum capping on earning reward points.
The HPCL BoB ENERGIE Credit Card is a great option for HPCL pump regulars who drive frequently and want to maximize their fuel savings. The high cashback rate on HPCL fuel, welcome bonus, potential fee waiver, and other benefits offer significant value for this specific spending pattern. However, the limited scope, lower cashback on other categories, network limitation, limited redemption options, and lower point value might discourage those with diverse spending habits, seeking higher cashback on other categories, wider network coverage, or unique redemption options.
The HPCL BoB ENERGIE Credit Card is a great option for HPCL pump regulars who drive frequently and want to maximize their fuel savings. The high cashback rate on HPCL fuel, welcome bonus, potential fee waiver, and other benefits offer significant value for this specific spending pattern. However, the limited scope, lower cashback on other categories, network limitation, limited redemption options, and lower point value might discourage those with diverse spending habits, seeking higher cashback on other categories, wider network coverage, or unique redemption options.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
उत्पाद समीक्षा
फीस एवं प्रभार
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
ईंधन अधिशुक्ल
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Billing Cycle
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.