Home / ICICI HPCL Coral Credit Card Credit Card Review
ICICI HPCL Coral Credit Card Review
The ICICI HPCL coral credit card is a co-branded entry-level fuel card from ICICI Bank and HPCL, offering 3.5% total savings on HPCL fuel (2.5% cashback as reward points capped ₹100/month + 1% surcharge waiver), 2 RP per ₹100 on retail, 25% off BookMyShow/INOX, and Culinary Treats dining discounts. Annual fee just ₹199, waived at ₹50,000 annual spend. No airport lounge access.
3.1
/5
Card24 Score
Rewards 2.9
Travel 1
Fees 4.5
Last reviewed July 2026 · Card24.ai editorial team
Annual Fee
₹199*
HPCL Fuel Benefit
2.5% cashback on HPCL fuel*
Base Earn
2 RP per ₹100*
Lounge Access
No airport lounge access
Credit Card Verdict ICICI HPCL Coral
What we like
- The icici hpcl coral credit card delivers 3.5% total savings at HPCL fuel stations - one of the strongest fuel return rates at the ₹199/year fee tier in India. The 2.5% cashback (as reward points) plus 1% surcharge waiver makes every ₹2,000 HPCL fill-up worth an effective ₹70 in combined savings. For a card with a sub-₹200 annual fee, this is genuinely competitive. The welcome 2,000 RP (₹500 value) more than covers the ₹199 joining fee in Month 1.
- The 2 RP/₹100 on retail and 1 RP/₹100 on utility and insurance is unusually generous for an entry-level card at ₹199. Most cards at this fee point either earn nothing on utilities or earn at the base rate only. The HPCL Coral earns 1 RP/₹100 on electricity, gas, mobile recharges, and insurance premiums - extending reward value beyond the fuel pump to everyday household bills.
- The milestone reward structure adds meaningful bonus RP for consistent spenders: 2,000 RP at ₹2 lakh annual spend, plus 1,000 RP for every additional ₹1 lakh up to a maximum of 10,000 milestone RP/year. At full utilisation (₹10L+ spend), milestone RP alone deliver ₹2,500 in additional reward value - significant for a ₹199 card. The annual fee waiver at ₹50,000 spend is also easily achievable for any active cardholder.
- Reward points can be redeemed directly for fuel at HPCL petrol pumps - 2,000 RP for ₹500 in fuel. This is a rare and useful redemption option that closes the loop between earning and spending: accumulate RP through daily transactions and redeem at the same HPCL pump where you fuel up. The Culinary Treats Programme dining discounts and BookMyShow 25% off (conditional on quarterly spend from April 2026) add lifestyle value beyond fuel.
Watch out for
- The HPCL Coral does not offer airport lounge access - this is the card's most commonly misunderstood limitation. Many applicants confuse it with the regular ICICI Bank Coral Credit Card, which does include lounge access. The HPCL Coral is a fuel-focused card; if lounge access is a priority, apply for the ICICI HPCL Super Saver (1 domestic lounge/quarter, conditional) or the regular ICICI Coral instead.
- The 2.5% fuel cashback is capped at ₹100 per month - reached at just ₹4,000 in HPCL fuel spend. A daily commuter filling ₹6,000–₹8,000/month at HPCL earns the same ₹100 cashback as someone spending ₹4,000. The cap makes this card optimal for light-to-moderate HPCL users; heavy fuel spenders will find the ceiling restrictive and should consider the ICICI HPCL Super Saver for a higher ₹200/month fuel cap.
- The fuel cashback is paid in reward points form - not as a direct statement credit. At ₹0.25/RP, 2.5% cashback on ₹4,000 fuel = 100 RP = ₹25 in RP value per month - not ₹100 cash. To receive ₹100 in cash equivalent requires redeeming 400 RP at ₹0.25 each. Additionally, a ₹99 redemption fee applies per request - on small redemptions this fee erodes a significant portion of value.
- The BookMyShow 25% discount (up to ₹100, 2x/month) now requires spending ₹25,000 in the preceding calendar quarter - effective April 1, 2026. For a ₹199/year card, this is a high threshold for the movie benefit. Cardholders using this primarily as a fuel card without meeting ₹25,000 quarterly spend will find themselves ineligible for the movie discount. The Amex variant of this card lost its cashback offer from January 1, 2025.
Card24.ai review based on icicibank.com + verified sources as of August 2026. Fuel cashback (2.5%) is in reward points, not direct cash, capped ₹100/month. No lounge access on HPCL Coral (regular Coral has lounge). BookMyShow 25% off requires ₹25,000 quarterly spend from Apr 2026. Amex variant cashback revoked Jan 2025. Redemption fee ₹99/request. Annual fee ₹199 waived at ₹50,000.
Credit Card Achievers ICICI HPCL Coral
Is the ICICI HPCL Coral Credit Card Worth ₹199 a Year?
The icici hpcl coral credit card is worth ₹199/year for any regular HPCL fuel user spending ₹2,000–₹4,000/month at HPCL pumps. At 2.5% cashback RP plus 1% surcharge waiver, monthly HPCL savings of ₹50–₹100 recover the annual fee in 2–4 months. The welcome 2,000 RP (₹500 value) covers the entire Year 1 joining fee immediately. From Year 2, the ₹50,000 annual spend waiver makes the card effectively free for most active users.
The card's value extends beyond fuel for households routing utility bills, insurance, and grocery through it. At 1 RP/₹100 on utility + 2 RP/₹100 on retail, a household spending ₹3,000 in grocery and ₹1,500 in utility monthly earns 75 RP (₹18.75 value/month) alongside the fuel cashback. The milestone RP structure rewards consistency - 2,000 RP at ₹2L spend, scaling up to 10,000 RP at ₹10L. Accumulated RP redeemable directly for HPCL fuel at 2,000 RP for ₹500 free fuel - a tangible and genuinely useful redemption. Total annual value for an active household: easily ₹1,500–₹2,000 from a ₹199 card.
For HPCL users who also want lounge access or a higher fuel cashback cap, the ICICI HPCL Super Saver Credit Card (₹500/year) offers 4% fuel cashback capped ₹200/month and 1 domestic lounge per quarter: . For online-first spenders, BOBCARD Cashback at ₹499/year delivers 5% on all online purchases.
The card's value extends beyond fuel for households routing utility bills, insurance, and grocery through it. At 1 RP/₹100 on utility + 2 RP/₹100 on retail, a household spending ₹3,000 in grocery and ₹1,500 in utility monthly earns 75 RP (₹18.75 value/month) alongside the fuel cashback. The milestone RP structure rewards consistency - 2,000 RP at ₹2L spend, scaling up to 10,000 RP at ₹10L. Accumulated RP redeemable directly for HPCL fuel at 2,000 RP for ₹500 free fuel - a tangible and genuinely useful redemption. Total annual value for an active household: easily ₹1,500–₹2,000 from a ₹199 card.
For HPCL users who also want lounge access or a higher fuel cashback cap, the ICICI HPCL Super Saver Credit Card (₹500/year) offers 4% fuel cashback capped ₹200/month and 1 domestic lounge per quarter: . For online-first spenders, BOBCARD Cashback at ₹499/year delivers 5% on all online purchases.
Best For: Daily HPCL commuters spending ₹2,000–₹4,000/month on fuel who want 3.5% savings at HPCL, 2 RP/₹100 on retail, and utility bill rewards - all from India's most affordable HPCL co-branded card at ₹199/year.
ICICI HPCL Coral Credit Card Benefits
How to Get Maximum Value from the ICICI HPCL Coral Credit Card
Fuel Only at HPCL, Between ₹500 and ₹4,000 Per Transaction - The 2.5% fuel cashback requires a minimum ₹500 transaction and applies only at HPCL pumps. Split large fill-ups into separate transactions if needed to stay within the ₹4,000 fuel surcharge waiver range. For maximum monthly fuel benefit, aim for ₹3,500–₹4,000 at HPCL per month - this maximises the ₹100 cashback cap (2.5% × ₹4,000 = ₹100) plus the ₹40 surcharge waiver. Spending above ₹4,000/month earns 0 additional fuel cashback.
Route Utility Bills Through the Card for 1 RP/₹100 - Paying electricity, gas, water, mobile, and internet bills earns 1 RP per ₹100 on this card - 0.25% return that adds up over 12 months. A household with ₹2,000/month in utility bills earns 240 RP (₹60 value) annually from bills alone. Use the iMobile Pay app or BBPS (Bharat Bill Payment System) for utility payments linked to the card. This is a passive earn - set up autopay and forget.
Hit ₹50,000 Annual Spend for Zero Annual Fee - The ₹199 annual renewal fee is waived when cumulative card spend crosses ₹50,000 in the preceding year - just ₹4,167/month. Any cardholder using this as a fuel + grocery + utility card will cross ₹50,000 effortlessly by September. Track running annual spend in the ICICI iMobile app to confirm waiver eligibility before the anniversary date.
Accumulate RP for HPCL Fuel Redemption in Large Batches - The ₹99 redemption fee per request makes small monthly redemptions expensive. Let RP accumulate to at least 2,000 (the minimum for HPCL fuel redemption = ₹500 fuel). At 400 fuel cashback RP/month maximum + 200 retail RP from ₹10,000 retail spend, reaching 2,000 RP takes approximately 3–4 months. Redeem quarterly in one batch - the ₹99 fee is 5% of ₹2,000 RP value, acceptable; monthly redemptions at smaller amounts are poor value.
Upgrade to HPCL Super Saver if You Spend ₹5,000+/Month on Fuel - At ₹4,000+/month HPCL fuel spend, this card's ₹100/month cashback cap is already maxed. The ICICI HPCL Super Saver Credit Card(₹500/year) offers a higher ₹200/month fuel cashback cap, 1 domestic lounge/quarter, grocery/utility 5% earn, and roadside assistance - a significantly better package for heavier fuel spenders.
Route Utility Bills Through the Card for 1 RP/₹100 - Paying electricity, gas, water, mobile, and internet bills earns 1 RP per ₹100 on this card - 0.25% return that adds up over 12 months. A household with ₹2,000/month in utility bills earns 240 RP (₹60 value) annually from bills alone. Use the iMobile Pay app or BBPS (Bharat Bill Payment System) for utility payments linked to the card. This is a passive earn - set up autopay and forget.
Hit ₹50,000 Annual Spend for Zero Annual Fee - The ₹199 annual renewal fee is waived when cumulative card spend crosses ₹50,000 in the preceding year - just ₹4,167/month. Any cardholder using this as a fuel + grocery + utility card will cross ₹50,000 effortlessly by September. Track running annual spend in the ICICI iMobile app to confirm waiver eligibility before the anniversary date.
Accumulate RP for HPCL Fuel Redemption in Large Batches - The ₹99 redemption fee per request makes small monthly redemptions expensive. Let RP accumulate to at least 2,000 (the minimum for HPCL fuel redemption = ₹500 fuel). At 400 fuel cashback RP/month maximum + 200 retail RP from ₹10,000 retail spend, reaching 2,000 RP takes approximately 3–4 months. Redeem quarterly in one batch - the ₹99 fee is 5% of ₹2,000 RP value, acceptable; monthly redemptions at smaller amounts are poor value.
Upgrade to HPCL Super Saver if You Spend ₹5,000+/Month on Fuel - At ₹4,000+/month HPCL fuel spend, this card's ₹100/month cashback cap is already maxed. The ICICI HPCL Super Saver Credit Card(₹500/year) offers a higher ₹200/month fuel cashback cap, 1 domestic lounge/quarter, grocery/utility 5% earn, and roadside assistance - a significantly better package for heavier fuel spenders.
ICICI HPCL Coral Credit Card Annual Fees
| Joining / Annual Fee | ₹199 + GST | Annual fee waived at ₹50,000 annual spend | Welcome: 2,000 RP (₹500 value) |
| HPCL Fuel Cashback | 2.5% cashback as RP at HPCL (min ₹500 transaction) | Cap: ₹100/month (400 RP) | Cap reached at ₹4,000 HPCL/month |
| Fuel Surcharge Waiver | 1% on HPCL transactions ₹400–₹4,000 | Primary + add-on cardholders | ICICI Bank merchant swipe machine required |
| Total HPCL Saving | 3.5% (2.5% cashback RP + 1% waiver) | Maximum monthly: ₹100 cashback RP + ₹40 surcharge = ₹140/month |
| Retail Earn | 2 RP/₹100 on retail = 0.5% at ₹0.25/RP |
| Utility/Insurance Earn | 1 RP/₹100 on utility + insurance = 0.25% |
| RP Value + Redemption | ₹0.25 per RP | ICICI Rewards portal + HPCL fuel (2,000 RP = ₹500 fuel) | ₹99 redemption fee/request |
| Milestone | 2,000 RP at ₹2L spend | +1,000 RP per ₹1L beyond | Max 10,000 RP/year |
| Welcome | 2,000 RP (₹500 value) on joining | 2,000 PAYBACK points on ₹500 fuel at HPCL (verify at icicibank.com) |
| Movie Offer | 25% off BookMyShow/INOX (up to ₹100, 2x/month, min 2 tickets) | ₹25,000 quarterly spend required from Apr 2026 |
| Forex Markup | 3.5% on international transactions |
| Finance Charge | 3.75%/month (45% p.a.) - pay full balance monthly |
ICICI HPCL Coral Credit Card Eligibility & Documents
Age 21 years and above
Minimum annual income Minimum net monthly income: ₹20,000/month | Entry-level income criterion - accessible for first-time credit card holders
Documents required PAN card · Aadhaar card or alternate government-issued photo ID · Latest 3 months salary slips · Form 16 or latest ITR · Address proof
Residency Indian Resident
Applying when ineligible creates a hard credit inquiry that may lower your CIBIL score. Verify your eligibility before applying.
How to Apply for ICICI HPCL Coral Credit Card
The application process is entirely online and takes about 5-7 minutes.
1
Check Eligibility - Ensure you meet the ICICI Bank eligibility criteria, including age, income, and KYC requirements.
2
Apply Online - Visit the official ICICI Bank website, select the ICICI HPCL Coral Credit Card, and click Apply Now to begin your application.
3
Fill in the Application Form - Enter your personal, employment, income, and contact details accurately and complete the online application.
4
Submit Documents - Upload the required KYC, identity, address, and income proof documents for verification.
5
Verification & Approval - ICICI Bank verifies your application and documents. Once approved, your HPCL Coral Credit Card is issued and delivered to your registered address.
*T&C Apply
Frequently Asked Questions
The icici hpcl coral credit card is a co-branded entry-level fuel card from ICICI Bank and HPCL, offering 3.5% total savings on HPCL fuel (2.5% cashback as reward points capped ₹100/month + 1% fuel surcharge waiver), 2 RP/₹100 on retail, 1 RP/₹100 on utility and insurance, 25% off BookMyShow/INOX (spend-conditional from Apr 2026), and Culinary Treats dining discounts. Annual fee ₹199, waived at ₹50,000. No airport lounge access.
Key benefits: (1) 3.5% on HPCL fuel (2.5% cashback RP capped ₹100/month + 1% surcharge waiver). (2) 2 RP/₹100 retail (0.5%). (3) 1 RP/₹100 utility + insurance (0.25%). (4) Welcome: 2,000 RP (₹500 value). (5) Milestone: up to 10,000 RP/year. (6) Redeem RP for HPCL fuel (2,000 RP = ₹500). (7) 25% off BookMyShow 2x/month (₹25K quarterly spend required). (8) Culinary Treats dining discounts. (9) Annual fee ₹199 waived at ₹50,000. (10) No airport lounge access.
No - the HPCL Coral does not offer airport lounge access, domestic or international. This is a commonly misunderstood point: the regular ICICI Bank Coral Credit Card (non-HPCL variant) does include lounge access, but the HPCL Coral does not. If lounge access is needed, consider the ICICI HPCL Super Saver (₹500/year, 1 domestic lounge/quarter with spend condition) or the standard ICICI Coral Credit Card.
Annual fee: ₹199 + GST. Annual renewal fee waived when cumulative card spend in the preceding year reaches ₹50,000. At ₹4,167/month, the waiver is triggered automatically. The 2,000 welcome RP (₹500 value) covers the ₹199 joining fee entirely in Year 1 - net cost is effectively ₹0 for any cardholder who activates and uses the card.
Key charges: Joining/annual fee ₹199 + GST (waived at ₹50,000 annual spend). Finance charge: 3.75%/month (45% p.a.) on unpaid balance. Forex markup: 3.5% on international transactions. Cash advance: 2.5% of amount withdrawn (minimum ₹300). Redemption fee: ₹99 per request. Late payment fees per ICICI Bank standard schedule. All charges at icicibank.com/mitc.