ICICI Bank HPCL Coral Credit Card
The ICICI Bank HPCL Coral Credit Card is a great option for those who frequently refuel at HPCL petrol pumps. With a small joining fee of ₹199, this card allows you to earn Reward Points on every purchase. These points can be redeemed for fuel, gift vouchers, or other products, making it a smart way to save money. One of the key benefits is the 1% fuel surcharge waiver and a 2.5% discount on fuel purchases at HPCL pumps. Additionally, the card offers a 25% discount on movie tickets through BookMyShow and special dining discounts via the ICICI Bank Culinary Treats Programme. If you spend a certain amount in a year, you can also get the renewal fee waived, making the card even more rewarding.
This credit card is among the best fuel-saving options available, as it not only provides discounts but also flexible ways to use your earned rewards. Since it is co-branded with HPCL, you get additional savings on fuel transactions, helping you cut down your fuel expenses. Apart from fuel benefits, the card offers savings on dining and entertainment, making it useful for everyday spending. ICICI Bank, one of India’s top financial institutions, provides a wide range of credit cards, and this one is designed to help manage rising fuel costs while offering extra perks that enhance your lifestyle.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How can I update my mailing address for my ICICI Bank credit card?
You can change your mailing address, mobile number, email, and other personal details by visiting the nearest ICICI Bank branch.
How much discount can I get on movie tickets every month?
You can enjoy a 25% discount on movie tickets through BookMyShow, available twice a month.
What should I do if my HPCL Coral VISA Credit Card is lost or stolen?
If your card is lost or stolen, contact ICICI Bank Credit Card Customer Care immediately to have it blocked.
Can I use my Reward Points to pay for fuel?
Yes, you can redeem 2,000 Reward Points to get ₹500 worth of fuel.
Where can I avail a 2.5% discount on fuel purchases?
The 2.5% fuel discount is only applicable at HPCL petrol stations.
What are the travel benefits included with this credit card?
This card provides two complimentary airport lounge visits every quarter.
How many Reward Points will I earn on fuel transactions at HPCL pumps?
You will receive five PAYBACK Reward Points for every ₹100 spent on fuel at HPCL petrol stations.
Can I apply for the ICICI Bank HPCL Coral Credit Card online?
Yes, you can easily apply for this card through ICICI Bank’s net banking website at www.icicibank.com or simply click on Apply Now.
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