ICICI Bank HPCL Super Saver Credit Card Review: Save Up to 6.5% On Fuel

ICICI Bank HPCL Super Saver Credit Card Review: If you’ve a low income and you spend a lot on fuel, then ICICI Bank HPCL Super Saver Credit Card can be a good option.

But does it truly live up to the hype?

Let’s discuss in this detailed ICICI Bank HPCL Super Saver Credit Card Review.

Overview

The ICICI Bank HPCL Super Saver is a Co-branded Fuel Credit Card designed for people who want to save money on everyday needs. It is basically an entry-level credit card.

The main USP is the 5% savings (including 1% fuel surcharge waiver) on fuel purchase at HPCL fuel stations. But it is more than just a fuel credit card.

We also get the same 5% return on other common spends like groceries or utility bills.

ICICI Bank HPCL Super Saver Credit Card has a joining and annual fee of Rs 500+GST i.e., Rs 590.

The card is available on both the Visa and RuPay network. However, the RuPay variant become a bit more advantageous with the “Personal Accident Coverage.”

Reward Points

As you can notice in the table, I have calculated and shown the cashback (%) for all the spend types.

We receive 20 Reward Points on every Rs 100 spent on daily essential needs like utility bills and grocery. Since each ICICI Bank Reward Point is worth Rs 0.25, this category gives the highest cashback of 5%.

You save 4% when you buy fuel at the HPCL Fuel Stations on any bank POS machine, or using the HP Pay app.

An additional 1.5% cashback is credited when you pay via the HP Pay app.

This is given in the form of 6 Loyalty Points on every spend of Rs 100 at the HPCL Fuel Stations. Each loyalty point is worth Rs 0.25.

Hence, we can save up to 6.5% (4% + additional 1.5% + 1% surcharge) of our money on buying petrol at the HPCL pumps using the HP Pay app.

Welcome Bonus

New members of ICICI Bank HPCL Super Saver Credit Card is greeted with joining bonus of 2000 points under two criteria:

• Payment of joining fee within 2 statement cycles (or 2 months)
• Spent Rs 5000 & above within 45 days of card issuance

Once eligible, you shall receive these bonus points after 2 statement cycles.

Movie Discount

For movie lovers, the ICICI Bank HPCL Super Saver Credit Card has a great perk.

You get 25% discount (up to Rs 100) on booking minimum 2 movie ticket at BookMyShow and INOX.

On both the platform, you can book and get discount twice in a month.

There’s a lot of confusion in this statement. Therefore, I have breakdown in a simple manner.

# NOTE

The discount on movie ticket is valid only on booking at least 2 movie ticket. It’s not given when you book single ticket.

LOUNGE BENEFIT

You also get 1 complimentary domestic lounge visits in every 3 months (upto 4 Visits/Year).

However, we need to spend minimum Rs 75000 in preceding 3 months to unlock lounge benefit for the upcoming 3-months.

Refer the below table to understand the Lounge Eligibility Period based on your spend timeline.

For list of domestic lounges, you can open this link.

FUEL SURCHARGE WAIVER

Cardmembers also get 1% surcharge waiver on fuel spend between Rs 400 and Rs 4000. This waiver is applicable at all HPCL fuel stations.

So the bank’s tagline ‘Save 5% on Fuel Spends’ is actually a combination of 4% cashback and 1% fuel surcharge waiver.

But we all know that banks usually ‘oversell’ and want to gain more and more customers.

However, being a wise customer, it’s our job to read the fine print and understand the card’s true value.

Other Benefits

1. Complimentary 24*7 Roadside Assistance

• 24*7 Assistance over the phone
• On-Site Repair of the Vehicle
• Lost Keys Replacement
• Flat Tyre Support
• Battery Jumpstart
• Battery Replacement
• Fuel Delivery
• Vehicle Towing

You can avail the roadside assistance on payment of the joining or annual fee.

This benefit is provided only to the primary cardholders. You can avail the services only for one vehicle.

2. Personal Accident Coverage (Only Valid On RuPay Variants)

The cardholder is also entitled to Personal Accident Cover of up to INR 2 Lakhs. This can be claimed within 90 days of the date of accident.

Cons: What I did Not Like?

Despite offering fuel savings of up to 6.5%, there are several gaps I found in this credit card. Let’s discuss them in detail.

1. Low Monthly Capping

You cannot earn more than Rs 200 cashback in a month on your fuel purchase at HPCL Pumps.

We know that 4% cashback is given on fuel spend when we do not use the HP Pay app.

So, in this case, the optimal spend would be Rs 5000 in a month to reach the capping of Rs 200.

Now, in case you’re using HP Pay app for fuel purchase, you’ll get 5.5% cashback, and the optimal spending would be around Rs 3636 per month.

This is very low if you compare with other top contender like IndianOil RBL Bank Xtra Credit Card or SBI Octane.

2. Annual Fee Waiver Condition

The annual fee of Rs 500 + GST is waived when you spend Rs 1.5 Lakhs in the preceding year.

Now, this is an illogical statement in itself.

I do not mean that INR 1.5 Lakh is a big condition for annual fee waiver.

The real bottleneck is the low reward capping, especially on categories like fuel or groceries.

I mean if you consider the reward capping, you can optimally spend Rs 60,000 on fuel and Rs 24,000 on utilities or groceries.  

But even the total spend of Rs 84,000 is not enough to meet the criteria.

You have to spend Rs 66,000 additionally on other retail purchases to waive off the annual fee of Rs 590.

And what you get in return?

The marginal 0.5% cashback, i.e., only Rs 330.

So, I do not think it’s a good idea to go for the waiver of annual fee with ICICI Bank HPCL Super Saver Credit Card.

3. Spend Milestone For Lounge Benefit

You need to spend minimum Rs 75000 in the preceding 3 months to avail one lounge visit in the upcoming 3 months.

So, each month you need to spend at least Rs 25,000 to reach the milestone.

This is again similar to the previous annual fee waiver condition.

Considering optimal spend of Rs 7,000, it’s again infeasible for someone to spend Rs 18,000 additionally and get mere cashback of 0.5% i.e., just Rs 90.

Yes, there’s no mistake in the interpretation. It is only Rs 90!!

So, I do not consider it a so-called “Benefit” in case of  ICICI Bank HPCL Super Saver Credit Card.

ICICI Bank HPCL Super Saver Credit Card Review: Eligibility

If you tick all the above-mentioned criteria, you can apply for ICICI Bank HPCL Super Saver Credit Card using this link.

ICICI Bank HPCL Super Saver Credit Card Review: Final Thoughts

ICICI Bank HPCL Super Saver is an entry-level credit card. You can apply even with a low monthly salary of Rs 20,000.

Overall, ICICI Bank HPCL Super Saver Credit Card can be a solid option if you’re a HPCL Loyalist or spend mostly on groceries and utilities.

Despite being a fuel card, they are giving 5% cashback on ignored categories like government and tax payments.

Undoubtably, there are several limitations.

But if you’re a low-salaried individual and looking for discount on fuel, then you may consider ICICI Bank HPCL Super Saver Credit Card.

This was all about the ICICI Bank HPCL Super Saver Credit Card Review.

I hope you’ve loved it and felt good with my simple writing style.

You can ask and discuss anything related to this post in the comment below.

Happy Saving !!