ICICI Bank HPCL Super Saver Credit Card Review

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The ICICI Bank HPCL Super Saver Credit Card is an excellent choice for individuals who regularly spend on fuel and aim to minimize their expenses while enjoying a host of additional benefits. This card is specifically designed to cater to frequent commuters by offering substantial savings on fuel purchases, ensuring that every refueling session becomes more rewarding. In addition to fuel discounts, cardholders can take advantage of exciting rewards and exclusive perks, making it a valuable financial tool for those looking to optimize their spending. Here’s a comprehensive look into what this card has to offer.

Key Features:

  1. Fuel Savings:
  • Earn 5% cashback on fuel spends at HPCL fuel stations when you pay using the HP Pay app.
  • 1% fuel surcharge waiver on transactions at HPCL stations (up to ₹4,000 per transaction).
  1. Rewards Program:
  • 5% cashback on utility bill payments and spends on groceries at select merchants.
  • 2 PAYBACK points for every ₹100 spent on other categories (excluding fuel).
  1. Annual Fee Waiver:
  • First-year fee of ₹500 + GST.
  • Annual fee waived if annual spends exceed ₹1,50,000.
  1. Other Benefits:
  • Complimentary domestic airport lounge access (2 visits per quarter).
  • 1% cash back on all retail spends except fuel purchases.

Pros:

  • High Cashback on Fuel: The 5% cashback on HPCL fuel purchases is one of the highest in the category, making it ideal for frequent drivers.
  • Savings on Essentials: Cashback on groceries and utility bills adds extra value for day-to-day spends.
  • Lounge Access: Complimentary lounge access is a great perk for frequent travelers.
  • Annual Fee Waiver: Waiver conditions are achievable for moderate spenders.

Cons:

  • Limited Fuel Cashback Partner: Cashback is limited to HPCL stations, restricting flexibility for users who refuel at other stations.
  • High APR: Like most credit cards, the interest rate can be high if payments are not made on time.
  • Utility of PAYBACK Points: Redemption options for PAYBACK points may not appeal to everyone.

Who Should Get This Card?

  • Individuals who often refuel at HPCL fuel stations.
  • People looking to save on groceries and utility bills alongside fuel expenses.
  • Travelers who can make use of the complimentary lounge access.

ICICI Bank HPCL Super Saver Credit Card: Application Process & Documents Needed

Application Process:

  1. Visit the ICICI Bank Website or Branch: You can apply for the card through the official ICICI Bank website or by visiting the nearest ICICI Bank branch.
  2. Online Application:
  • Go to the credit card section on the website and select the HPCL Super Saver Credit Card.
  • Fill out the online application form with your personal, professional, and contact details.
  • Submit the form online.
  1. Offline Application:
  • Obtain the application form from the branch.
  • Fill out the required details and submit the completed form along with the necessary documents to the bank representative.
  1. Document Verification: The submitted documents will be verified by the bank. Ensure all information provided is accurate to avoid delays.
  2. Approval & Card Issuance: Once the verification is complete, the bank will notify you of the approval status. If approved, the credit card will be dispatched to your registered address.

Documents Needed:

  1. Identity Proof:
  • Aadhaar Card
  • Passport
  • Voter ID
  • Driving License
  1. Address Proof:
  • Utility Bills (Electricity, Water, or Telephone Bill)
  • Aadhaar Card
  • Passport
  • Rent Agreement (if applicable)
  1. Income Proof:
  • Latest Salary Slips
  • Form 16
  • Income Tax Returns (ITR)
  • Bank Statement (Last 3-6 months)
  1. Photograph: Passport-sized photograph (if applying offline).
  2. PAN Card: A copy of your Permanent Account Number (PAN) card is mandatory for financial transactions.

Eligibility Criteria:

  • Applicant must meet the age and income requirements set by ICICI Bank.
  • A good credit score is essential for approval.

Ensure that all documents are self-attested before submission. For any queries regarding the application, you can contact ICICI Bank customer support or visit the nearest branch.

Conclusion:

The ICICI Bank HPCL Super Saver Credit Card offers exceptional value for individuals with high fuel and grocery expenses. Packed with benefits like impressive cashback rewards, fuel surcharge waivers, and complimentary lounge access, this card is ideal for maximizing savings on everyday purchases. It is especially beneficial for those who frequently refuel at HPCL fuel stations, providing substantial savings and added convenience. However, for individuals who primarily refuel at non-HPCL stations or have minimal fuel expenses, alternative cashback or rewards cards may better align with their spending patterns and offer greater advantages.