Credit cards can be a bit overwhelming, especially with all the choices out there. But if you're a person who loves filling up your tank or is fond of modern credit services, the ICICI Bank HPCL Super Saver RuPay Credit Card might be worth checking out. It's designed for fuel enthusiasts and offers a bunch of perks that can really boost your spending on petrol and services.
In this blog post, we're going to talk about the details of this card, including its welcome gifts, rewards program, extra perks like movie cashback and airport lounge access, along with the fees, charges, and eligibility criteria.
Welcome Benefits
When you sign up for a new credit card, welcome benefits can add considerable value. The ICICI Bank HPCL Super Saver RuPay Credit Card provides a generous welcome bonus that stands out for fuel credit card seekers. Upon making their first transaction, users will get a joining benefit of 2,000 reward points on activation and fee payment.
Reward System
The reward system of the ICICI Bank HPCL Super Saver RuPay Credit Card is a key feature that can lead to substantial savings. Users get 5% cashback on fuel purchases, month on month, year on year, which can be availed when the card is swiped at any HPCL fuel pump on any bank POS machine or by using the HP Pay app. Users also get an additional 1.5% back (in reward points) on all fuel purchases through the HP Pay app at HPCL outlets.
Users get 2 reward points per Rs. 100 on all other retail purchases excluding fuel, departmental stores, and utility bills. The value of 1 Reward point is fixed at Rs. 0.25. Effective retail cashback rate can be up to 0.5%. Users also get 5% back (in reward points) on utility, grocery and departmental store purchases. Users can also link their ICICI Bank HPCL Super Saver RuPay Credit Card to the UPI app and make payments using their UPI apps.
This compelling rewards structure is especially beneficial for those who regularly drive and fill up, making it a strong contender for those looking for a fuel credit card.
Additional Benefits
The ICICI Bank HPCL Super Saver RuPay Credit Card offers several additional benefits that enhance its overall value beyond just fuel savings.
Movie Cashback
If you enjoy watching movies, you will appreciate the card's movie cashback offering. Cardholders can receive a 25% discount on movie ticket bookings upto Rs. 100 per transaction. This benefit allows you to enjoy a night out while still leveraging your card for entertainment and fuel needs.
Airport Lounge Access
For frequent flyers, complimentary access to airport lounges is a significant perk. With the ICICI Bank HPCL Super Saver RuPay Credit Card, cardholders can enjoy relaxing in more than 600 lounges across major airports in India. Users can avail 1 complimentary airport lounge access per quarter on their ICICI Bank HPCL Super Saver Credit Card by spending Rs 75,000 in the preceding calendar quarter to unlock complimentary access for the subsequent calendar quarter.
Potential Drawbacks
While the ICICI Bank HPCL Super Saver RuPay Credit Card offers many advantages, it is important to consider potential drawbacks.
One concern is the limited acceptance of the RuPay network, which may not be as widely recognized as Visa or MasterCard. Only about 30% of global merchants accept RuPay, meaning you may face challenges when trying to use your card outside of fuel stations and select retailers.
The spending threshold for complimentary airport lounge access might be challenging for some cardholders to consistently meet, especially those who don't have high monthly expenses or prefer to keep their credit card spending low.
Additionally, while the reward points structure is appealing, some users may find expiration policies or redeeming thresholds less favorable than expected. It’s wise to familiarize yourself with these details to maximize your rewards.
Fees and Charges
Joining and Renewal Fee: The card has a joining and renewal fee of ₹500 plus applicable taxes, which can be waived upon spending of 1,50,000 in a preceding year.
Revolving Credit Charges: The card charges an interest rate of 3.50% per month (42% per annum) on revolving credit.
Foreign Currency Mark-up Fees: 3.5%.
Late payment fee: Up to Rs. 1200.
Eligibility Requirements
To apply for the ICICI Bank HPCL Super Saver RuPay Credit Card, applicants need to meet specific eligibility criteria. Generally, you should be:
Age: 21 to 65 years
Employment: Salaried or self-employed individuals with a stable income
Credit score: Minimum of 750 or higher.
A good credit score and current financial obligations will also play a crucial role in the application process. Checking your credit history beforehand can help ensure you meet the eligibility requirements.
Final Thoughts
The ICICI Bank HPCL Super Saver RuPay Credit Card is a good choice for those who are frequent users of fuel services. With attractive welcome benefits, a reward system designed for fuel purchases, and additional perks like movie cashback and airport lounge access, this credit card can cater well to frequent travelers and fuel users.
It’s important to remain aware of the card's limitations, including its acceptance rate and associated fees. By thoroughly considering both the benefits and drawbacks, you can determine whether this credit card aligns with your spending habits and lifestyle.
If you want to read a more detailed review of this card and find out its AI-powered unbiased rating, click here.
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