Rahul, a marketing professional, drives 20 km daily to his office. Every week, he spends ₹4,000 on fuel for his car. One day, he decided to use his ICICI HPCL Coral Credit Card at an HPCL fuel station.

With this card, he gets 2.5% cashback on fuel purchases. That means for his ₹4,000 fuel expense, he receives ₹100 cashback instantly. Over a month, this adds up to ₹400 in savings. In a year, he saves ₹4,800, enough for extra fuel refills or other essentials.

For someone who drives regularly, these savings make a significant difference. The ICICI HPCL Coral Credit Card helps manage fuel expenses and ensures extra benefits with every refill.

The ICICI HPCL Coral Credit Card seeks to help mitigate fuel costs by offering many other free goodies to
improve your lifestyle. This has been a fantastic offering from this firm, which was initiated as a corporate alliance with the Hindustan Petroleum Corporation.

This blog will explore everything you need about the ICICI HPCL Coral Credit Card, including its features, benefits, fees, eligibility criteria, and how to apply. We’ll also compare it with other credit cards to help you make an informed decision.

ICICI HPCL Coral Credit Card Overview

This ICICI HPCL Coral Credit Card will be co-branded. However, a critical thing with ICICI is this card's issuance will only involve the integration of fuel-saving merits with lifestyle discounts.

That implies it suits frequent users who obtain fuel regularly and want their expenses to accumulate rewarding points. Whether refuelling, fuelling the motorcycle, or taking a weekend getaway and parking, the ICICI HPCL Credit Card offers great rewards and benefits.

Key Highlights of the ICICI HPCL Coral Credit Card

Feature	Details
Annual Fee	₹199
Joining Fee	₹199
Cashback on Fuel	2.5% cashback on HPCL fuel purchases
Reward Points	2 PAYBACK points for every ₹100 spent
Dining Discounts	Minimum 15% off at over 800 restaurants
Movie Ticket Offers	₹100 off on up to two movie tickets monthly
Surcharge Waiver	1% waiver on fuel transactions

These highlights make the ICICI HPCL Coral Credit Card an attractive option for those who want to enjoy various benefits while managing their expenses effectively.

Benefits of the ICICI HPCL Coral Credit Card

The ICICI HPCL Coral Credit Card has many benefits that cater to the diverse needs of its users. Here are some of the key advantages:

1. Fuel Savings

One of the standout features of the ICICI HPCL Coral Credit Card is the 2.5% cashback on fuel purchases made at HPCL fuel stations. This benefit is particularly valuable for individuals who drive frequently and want to save on fuel expenses. The cashback is automatically credited to your account, making it easy to see the savings accumulate over time.

2. Reward Points System

Cardholders earn 2 PAYBACK points for every ₹100 spent on the card, excluding fuel transactions. This rewards points system allows users to accumulate points quickly. These points can be redeemed for various rewards, including shopping vouchers, travel bookings, etc. The flexibility in redeeming points adds significant value to the card, allowing cardholders to choose how they want to benefit from their spending.

3. Dining Discounts

The ICICI HPCL Coral Credit Card offers at least 15% off at over 800 partner restaurants nationwide. This benefit is perfect for food lovers who enjoy dining out and want to save money. The discounts can be availed at various restaurants, from casual dining to fine dining establishments, making it a versatile benefit.

4. Movie Ticket Offers

Cardholders can enjoy a discount of ₹100 on up to two monthly movie tickets purchased through BookMyShow. This offer is a great way to save on entertainment expenses, especially for those who love going to the movies.

5. Surcharge Waiver

The card provides a 1% waiver on fuel surcharge for transactions between ₹400 and ₹5,000. Cardholders can save even more on fuel purchases, making it a valuable feature for everyday users. The surcharge waiver can yield substantial savings for those who frequently fill up their vehicles.

6. Insurance Coverage

The ICICI HPCL Coral Credit Card provides insurance coverage for purchases, travel, and emergencies. This includes purchase protection against theft and accidental damage and travel insurance for baggage loss and trip delays. The added security gives cardholders peace of mind while travelling, knowing they are protected against unexpected events.

Credit Card Cashback & Rewards

The ICICI HPCL Coral Credit Card is not just about fuel savings; it also offers a robust cashback and rewards program that enhances the card's overall value. Here’s a closer look at how you can maximise your benefits.

Earning PAYBACK Points

Everyday Spending: For every ₹100 spent on the card (excluding fuel), you earn 2 PAYBACK points. This means that your regular purchases can contribute to your rewards balance, allowing you to redeem points for various rewards.
Bonus Points: Special promotions may offer additional points for specific categories or during promotional periods, enabling you to earn even more.

Redeeming PAYBACK Points

Flexible Redemption: You can redeem your accumulated PAYBACK points for various rewards, including shopping vouchers, travel bookings, and fuel. For instance, 2,000 PAYBACK points can be redeemed for ₹500 worth of fuel, making it easy to convert your points into tangible savings.
Online and Offline Options: Points can be redeemed through the PAYBACK website or app and at partner stores, providing flexibility in how you choose to use your rewards.

Credit Card Fees & Other Charges

While the ICICI HPCL Coral Credit Card offers numerous benefits, knowing the associated fees is essential. Here’s a breakdown:

Joining and Annual Fees

Joining Fee: ₹199
Annual Fee: ₹199

These fees are relatively low compared to many other credit cards, making them accessible to consumers.

Interest Rates

Interest Rate: 40.8% per annum
Interest Rate: 3.40% per month

This competitive rate can lead to high charges if balances are unpaid monthly.

Late Payment Fees

Late payment fees can accumulate quickly, so staying on top of your payments is crucial. Here’s how the fees are structured:

Outstanding Balance (₹)	Late Payment Fee (₹)
Less than 100	Nil
100 to 500	100
501 to 5,000	500
5,001 to 10,000	750
10,001 to 25,000	900
25,001 to 50,000	1,000
Above 50,000	1,200

ICICI HPCL Coral Credit Card Pros & Cons

Like any financial product, the ICICI HPCL Coral Credit Card has its advantages and disadvantages. Here’s a quick overview:

Pros

Fuel Savings: 2.5% cashback on fuel purchases at HPCL stations.
Reward Points: Earn points on all purchases, enhancing the value of everyday spending.
Dining Discounts: Significant savings at numerous restaurants.
Movie Ticket Offers: Regular discounts on entertainment expenses.
Low Fees: Affordable joining and annual fees.

Cons

High Interest Rate: The interest rate can be steep if balances are not paid in full.
Limited to HPCL: The fuel cashback is only applicable at HPCL stations, which may not be convenient for all users.
Late Payment Fees: This can accumulate quickly if payments are missed.

Eligibility Criteria for the ICICI HPCL Coral Credit Card

To apply for the ICICI HPCL Coral Credit Card, applicants must meet specific eligibility criteria:

Age: 18 to 60 years
Nationality: Indian citizens

These criteria ensure the card is accessible to a broad audience while maintaining responsible lending practices.

Required Documents to Apply for the ICICI HPCL Coral Credit Card

When applying for the ICICI HPCL Coral Credit Card, you will need to provide several documents to verify your identity and financial status:

Address Proof: Utility bills, rental agreements, or any government-issued document with your address.
Income Proof: Recent salary slips (last two months) or bank statements.
Identity Proof: A government-issued ID such as a PAN or Aadhaar card.
Photograph: One recent passport-sized photo.
IT Returns: Recent income tax returns may also be required for verification.

How to Apply for the ICICI Bank HPCL Coral Credit Card?

Applying for the ICICI HPCL Coral Credit Card is a straightforward process. Here’s how you can do it:

Online Application

Step1: Visit the ICICI Bank Website

Open a web browser on your mobile, laptop, or desktop.
Type the official ICICI Bank website address in the search bar and go to the homepage.

Step 2: Access the Credit Card Section

Find the “Cards” option on the homepage at the top menu.
Click on it to view a dropdown menu.
Select “Credit Cards” to proceed.

Step 3: Find the HPCL Coral Credit Card

You will be redirected to a page displaying various credit card options.
Scroll through the list and locate the “HPCL Coral Credit Card.”
Click on it to view detailed information about features, benefits, and fees.

Step 4: Start the Application Process

On the HPCL Coral Credit Card details page, click the “Get Coral Card” button.
You will be taken to the online application form.

Step 5: Enter Personal Details

Provide the following information accurately.
Mobile Number, which should be active for verification purposes.
PAN Card Number, which is necessary for identity and financial verification.
Employment Type: Choose the category that applies to you from the following options:
- Salaried
- Self-Employed
- Business Owner

Step 6: Proceed to the Next Step

After entering the required information, click on Continue to move forward.
You will have the option to personalise your credit card. Enter the details and get your personalised credit card.

Step 7: Fill in Additional Details

Complete the application form by providing further details, such as
- Full name, date of birth and gender under personal information
- Residential address and email ID under contact details
- Employer name, job designation and work address under professional details
- Monthly income and existing financial commitments under financial information

Step 8: Upload Necessary Documents

You must upload clear scanned copies or photographs of the following documents.

Identity Proof: Aadhaar Card, Passport, Voter ID, or Driving License
Address proof: Utility bill, rental agreement, or any official document verifying your current address
Income Proof:
- For Salaried Individuals, the last three months’ salary slips or bank statements showing salary credits
- For self-employed and Business owners, the latest Income Tax Returns (ITR), business financial statements, or the last three months’ bank statements

Step 9: Review and Submit Your Application

Carefully go through all the details entered to ensure accuracy.
Check the terms and conditions box and then click the Submit button.

Step 10: Receive Confirmation and Track Status

After submission, you will see an on-screen confirmation message with a reference number.
A confirmation SMS or email will also be sent to your registered contact details.
ICICI Bank will review your application and may contact you for additional verification if needed.
Once approved, your HPCL Coral Credit Card will be dispatched to your registered mailing address within a few working days.

Offline Application

Visit a Branch: You can also apply in person at your nearest ICICI Bank branch. Bring along the necessary documents and fill out the application form provided by the bank staff.

How to Use a Credit Card Responsibly?

A credit card is a powerful financial tool when used correctly, but if mismanaged, it can lead to debt and financial strain. Here are some essential tips to ensure responsible usage of your ICICI HPCL Coral Credit Card:

1. Paying Bills on Time

One of the most crucial aspects of responsible credit card usage is the timely payment of bills. Delayed payments can result in high-interest charges, late fees, and a negative impact on your credit score.

How to Pay Your Credit Card Bill on Time?

Set Reminders: Use mobile apps, banking alerts, or calendar reminders to track your due dates.
Enable Auto-Pay: Set up automatic bill payments through your bank to avoid missing deadlines.
Use the ICICI Bank iMobile Pay App to Pay Before the Due Date: Easily pay your HPCL Coral Credit at least 2-3 days before the due date to prevent last-minute technical failures.

Timely payments prevent late fees, maintain your credit score, and build sound financial habits.

2. Keeping Credit Utilization Low

Credit utilisation refers to the percentage of your available credit limit that you use. It plays a significant role in maintaining a good credit score.

Why Should You Keep Credit Utilisation Low?

High utilisation indicates over-reliance on credit, which may lower your credit score.
A lower utilisation rate (below 30%) reflects good financial discipline and improves your creditworthiness.
High spending increases the risk of falling into debt if you cannot pay the entire balance.

Tips to Keep Credit Utilisation Low

Spend within limits: Avoid exceeding 30% of your total credit limit. If your limit is ₹50,000, keep spending below ₹15,000.
Increase Your Credit Limit: Request a credit limit increase from ICICI Bank if you frequently use a higher limit percentage.
Use Multiple Payment Cycles: Pay off your bill multiple times within a billing cycle to keep utilisation in check.
Track Expenses Regularly: Use the ICICI Bank app or net banking to monitor your spending.

Maintaining a low credit utilisation rate boosts your credit score and helps you get better future credit offers.

3. Avoiding Unnecessary Debt

Using a credit card responsibly means avoiding excessive debt and ensuring you can always repay what you borrow.

How to Control Overspending?

Stick to a Budget: Treat your credit card like a debit card and only spend what you can repay.
Use for Essentials: The ICICI HPCL Coral Credit Card offers excellent fuel cashback for fuel expenses rather than luxury shopping.
Set Transaction Alerts: Activate SMS/email notifications to track spending in real time.

3. Ignoring Fees and Terms

Many users don’t read the details and end up paying unnecessary fees.

Key Fees to Watch For

Annual Fee: ₹199 (waived if you meet the spending requirement).
Late Payment Fees: Up to ₹1,000 if you miss your payment deadline.
Cash Advance Fees: Withdrawing cash from ATMs using your credit card incurs high charges.
Foreign Transaction Fees: Avoid extra charges when using your card abroad.

How to Avoid Unwanted Fees?

Read the ICICI HPCL Coral Credit Card terms and conditions.
Set reminders for bill payments.
Avoid cash withdrawals on your credit card.

By avoiding these common mistakes, you can maximize benefits and prevent financial setbacks.

Building a Good Credit Score With Your First Credit Card

A credit score is a three-digit number that reflects your creditworthiness. It ranges from 300 to 900, with 750+ ideal for securing loans and better financial offers.

Why is a Good Credit Score Important?

Higher scores help you quickly get loans, mortgages, and better credit cards.
Lower interest rates on loans and EMIs.
Increases chances of credit limit upgrades.
Some employers and landlords check credit scores for background verification.

Tips to Improve Your Credit Score with the ICICI HPCL Coral Credit Card

1. Pay Bills on Time

Late payments hurt your score significantly.
Set up auto-debit or payment reminders to avoid delays.

2. Keep Credit Utilization Low

Maintain your usage below 30% of your credit limit.
Request a credit limit increase if needed, but avoid maxing out your card.

3. Avoid Frequent Credit Card Applications

Applying for multiple credit cards or loans quickly results in hard enquiries, lowering your score.
Use your current credit card responsibly before applying for a new one.

4. Maintain a Long Credit History

Older accounts contribute positively to your credit score.
If you’ve had the ICICI HPCL Coral Credit Card for years, keep it active by making occasional transactions.

5. Check Your Credit Report Regularly

Mistakes in credit reports can impact your score.
Use platforms like CIBIL or ICICI Bank’s services to track your score and correct any errors.

How Does the ICICI HPCL Coral Credit Card Impact Your Credit Report?

Timely bill payments improve your credit score.
High credit utilisation lowers your score.
Applying for multiple cards in a short period may reduce your creditworthiness.

By following these tips, first-time users can build a solid credit history and enjoy better financial opportunities in the future.

Conclusion

The ICICI HPCL Coral Credit Card is one of the best offerings for a person seeking to save on fuel expenses and enjoy endless lifestyle benefits. Since it offers attractive cashback offers, reward point systems, and discounts for dining, it is one of the most convenient credit cards for modern consumers.

However, the fees and interest rates attached to this card should be considered for better utilisation. By understanding and using the features wisely, cardholders can make the most of their ICICI HPCL Coral Credit Card and enhance their overall financial experience.

FAQs Related to ICICI HPCL Coral Credit Card

1. What is the primary benefit of the ICICI HPCL Coral Credit Card?

The primary benefit is the 2.5% cashback on fuel purchases at HPCL fuel stations and various lifestyle perks such as dining discounts and movie ticket offers.

2. Are there any annual fees associated with the card?

Yes, the ICICI HPCL Coral Credit Card has an annual fee of ₹199, which is relatively low compared to many other credit cards.

3. How can I redeem my PAYBACK points?

You can redeem your PAYBACK points through the PAYBACK website or app, as well as at partner stores for various rewards, including shopping vouchers and fuel.

4. What documents are required to apply for the card?

You will need to provide address proof, income proof, identity proof, a recent passport-sized photo, and possibly your income tax returns.

5. Can I apply for the card online?

Yes, you can apply for the ICICI HPCL Coral Credit Card online through the ICICI Bank website or in person at a branch.