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Harshit, a salaried employee with a monthly income of ₹80,000, spends an average of ₹5,000 per month on fuel at HPCL petrol pumps.
With the BOB HPCL Credit Card, Harshit enjoys a 4% cashback on fuel transactions, amounting to ₹200 in monthly savings. Additionally, he benefits from a 1% fuel surcharge waiver, saving another ₹50 per month.
Using this card consistently, Harshit saves approximately ₹3,000 annually on fuel alone—a significant relief for his monthly budget.
This is just one example of how the BOB HPCL Credit Card helps users cut fuel costs while earning additional perks. Want to know how you can maximise these benefits? Scroll down and read this blog thoroughly!
This blog focuses on the BOB HPCL Credit Card's features, advantages, fees, and application procedure, assisting potential users in understanding its worth and how to take advantage of its services.
The Bank of Baroda (BOB) HPCL Credit Card is a co-branded fuel credit card that provides several perks, particularly to customers who often buy petrol from Hindustan Petroleum Corporation Limited (HPCL) shops. This card is intended to help customers save money on gas while collecting points on other everyday purchases. With appealing cash-back incentives, accelerated reward points, and fuel levy exemptions, the BOB HPCL Credit Card is a fantastic alternative for fuel-conscious clients.
Feature | Description |
Fuel Surcharge Waiver | Waives a 1% fuel levy on HPCL gasoline transactions. This waiver is applicable for transactions between ₹400 and ₹5,000 at HPCL shops. The maximum waiver amount is ₹100 every statement cycle. |
Cashback on Fuel Transactions | The card provides 24 reward points for ₹150 spent, equating to a 4% discount. The card offers extra rewards on gasoline transactions using the HP Pay app. |
Accelerated rewards | Shift to your shopping gear and avail up to 2% Savings (10 Reward Points for every ₹150 spent) on utility & departmental stores. Get 2 Reward Points for every 150 spent on other categories.
Priya uses her credit card for regular expenses to earn reward points.
Groceries & Utility Bills: ₹6,000 How Many Points She Earns:
₹6,000 ÷ 150 = 40 × 10 = 400 points
₹5,000 ÷ 150 = 33 × 2 = 66 points
|
Contactless Payments | Enables secure and fast tap-and-pay transactions. This is applicable through payment using HP Pay App. To do this, kindly scan the QR code available at the respective HPCL petrol pumps via HP Pay App and make payment using credit card payment gateway option. |
Welcome Benefits | Offers a welcome benefit of ₹100 cashback on the first recharge transaction of ₹1,000 or more using the HP Pay app. Apart from that there are 500 joining bonus reward points on spending ₹5,000 or more within 60 days of card issuance.
Raj recently got a new credit card and wants to make the most of its welcome benefits.
Raj recharges his HP Pay wallet with ₹1,000 using his new card.
Within 60 days, Raj spends ₹5,000 on shopping, dining, and bills.
|
Annual Fee Waiver | ₹499 is the annual fee. However, it is waived if annual spending exceeds ₹50,000. |
Security | EMV chip-enabled for enhanced security. |
Interest-Free Period | Up to 50 days of interest-free credit. |
EMI options | Convert purchases of > ₹2,500/- on your card into Smart EMIs of 6 to 48 months. |
Other benefits (Movie and travel) | Complimentary airport lounge access per year (1 per Quarter) at partner domestic lounges for primary cardholders. Further, get 25% off up to 100 on the purchase of minimum 2 tickets per transaction at District. |
Following the features, some of the most lucrative benefits of this credit card are as follows:
1. Fuel Savings
One of the biggest advantages of this credit card is the fuel surcharge waiver and cashback on HPCL fuel purchases. Suppose Rohit spends ₹5,000 per month on fuel at HPCL outlets:
2. Reward Points Accumulation
For every ₹150 spent on fuel, groceries, and departmental store purchases, you earn 4 reward points. Assuming Samar has a monthly expenditure of ₹10,000 on these categories:
3. Annual Fee Waiver
The card comes with an annual fee of ₹499, which is waived if you spend ₹50,000 or more per year. This makes it a zero-cost card for active users who meet the spending criteria.
For example, assume Priya has a credit card with a ₹499 annual fee. However, if she spends ₹50,000 in a year, the fee is waived.
Scenario:
Over the year, Priya has used her card for everyday expenses like:
✔ Groceries – ₹15,000
✔ Online Shopping – ₹20,000
✔ Dining & Entertainment – ₹10,000
✔ Utility Bills – ₹5,000
Total spent: ₹50,000, and thus Annual fee waived!
Since Priya meets the spending requirement, she enjoys all card benefits without paying the annual fee.
To apply for the BOB HPCL Credit Card, applicants must meet the following requirements:
If a Non-BOB Customer:
• Salaried: Annual Income to be >= ₹3,60,000.
• Self-Employed: Annual Income to be >= ₹4,80,000.
If a BOB Customer:
• salaried or Self-Employed: Annual Income to be >= ₹2,40,000.
How to Apply for BOB HPCL Credit Card Online?
The Bank of Baroda HPCL Credit Card application procedure is easy and quick to complete online. You may finish your application at home at your convenience by following a few easy steps. We have included a detailed guide below to help you easily apply online and begin taking advantage of this credit card's gasoline and retail bonuses.
How to Apply for BOB HPCL Credit Card Offline?
If you prefer to apply for the Bank of Baroda HPCL Credit Card through an offline method, you can visit a Bank of Baroda branch. Below is the step-by-step application process:
Step-by-Step Application Process:
*T&C Apply
Charge Type | Amount |
Joining Fee | ₹499 + GST |
Interest Rate | 3.49% per month (or 41.88% annually) |
Cash Withdrawal Fee | 2.5% of the amount withdrawn (minimum ₹300) |
Foreign Currency Markup | 3.5% on international transactions |
Late Payment Fee | Ranges from ₹100 to ₹1,000 based on outstanding amount |
Steps to Redeem:
Example of Reward Redemption:
If you accumulate 5,000 reward points, and each point is worth ₹0.25, you can redeem:
The BOB HPCL Credit Card is a fantastic option for individuals who frequently purchase fuel at HPCL outlets. With up to 4% cashback, a 1% fuel surcharge waiver, and reward points on everyday spending, this card helps customers save highly on fuel and other essential expenses. Additionally, the card is cost-effective and rewarding with the annual fee waiver on spending ₹50,000 or more.
For those looking for a fuel-centric credit card with added benefits on other essentials, the BOB HPCL Credit Card is an excellent choice!
1. Can I use the BOB HPCL Credit Card at non-HPCL outlets?
Yes, you can use the card for all transactions, but the fuel cashback benefits are only applicable at HPCL outlets.
2. How does the fuel surcharge waiver work?
The 1% surcharge waiver is applicable on fuel purchases made at HPCL petrol pumps for transactions between ₹400 and ₹5,000.
3. How can I check my reward points balance?
You can check your reward points balance via:
4. Is there an expiry date for reward points?
Yes, reward points are valid for 2 years from the date of accrual.
5. Can I convert my transactions into EMIs?
Yes, transactions above ₹2,500 can be converted into EMIs with tenure options of 3, 6, 9, 12, 18, and 24 months.
Other Credit Cards | |||
