ICICI Bank
HPCL Coral
The ICICI Bank HPCL Coral Credit Card is a co-branded fuel card designed specifically for individuals who prefer refueling at HPCL petrol pumps. With a very low joining and annual fee of Rs.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹199
Joining Fee
₹199
Fee Waiver
Spend ₹50,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
0.5% – 3.5%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The ICICI Bank HPCL Coral Credit Card is a co-branded fuel card designed specifically for individuals who prefer refueling at HPCL petrol pumps. With a very low joining and annual fee of Rs. 199, it acts as an accessible entry-level card that makes saving on monthly fuel bills simple. It stands out in the budget category by offering a reliable return on fuel while maintaining a low spending threshold for annual fee waivers.
Beyond basic fuel savings, the card provides decent value by including often-restricted transactions, such as utility bill payments and insurance premiums, in its rewards program. Cardholders also gain access to lifestyle perks, including movie ticket discounts on BookMyShow and dining benefits through ICICI Bank's Culinary Treats Program. While its caps on benefits are relatively low, it offers steady everyday utility for budget-conscious users.
This card is best suited for vehicle owners looking for a low-cost co-branded fuel card or those who want a secondary wallet addition to cover fuel expenses that their primary, more premium cards might exclude from rewards. It provides a simple way to earn cashback and save on surcharges without requiring high annual spending.
What We Like
We highly appreciate that the card offers decent fuel savings alongside rewards on utility bills and insurance payments, which are categories typically excluded by other credit cards. Additionally, its exceptionally low annual fee and easily achievable fee-waiver milestone of Rs. 50,000 make it highly affordable to maintain.
Pros
- ✓Affordable annual fee
- ✓Provides up to 3.5% return on fuel transactions
- ✓Offers a 25% discount on movie tickets booked via BookMyShow
- ✓Earns reward points on insurance payments and utility bills
Cons
- ✗Does not offer additional Happy Coins unlike alternative HPCL co-branded cards
- ✗Applies low monthly caps on movie discounts and fuel benefits
- ✗Provides very low reward returns on grocery and departmental store purchases
Get This Card If
- ✓You want a low annual fee fuel credit card
- ✓You prefer HPCL fuel pumps over others
- ✓You own other credit cards but all exclude valueback on fuel
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| HPCL Fuel & Lubricants | 2.5% Cashback + 1% Surcharge Waiver | 3.50% | Cashback capped at ₹100 per billing cycle |
| All Other Retail Spends | 2 Reward Points (RP) per ₹100 | 0.50% | No Upper Cap |
| Utilities & Insurance | 1 RP per ₹100 | 0.25% | Insurance points capped at ₹40,000 monthly spend |
| Excluded Categories (2026 Update) | No Points Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹0.5 Lakh | Fee Waiver | ₹199 + GST Savings | Annual renewal fee is waived upon hitting ₹50,000 annual retail spend. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| HPCL Fuel (Instant) | ₹0.25 per point4:1 Ratio | Best Value (Redeem points for fuel at HPCL pumps via the HP Pay App or physical swipe) |
| ICICI Rewards Catalogue (Vouchers) | ₹0.25 per point4:1 Ratio | Alternative (Good for Amazon/Flipkart vouchers; ₹99 redemption fee applies) |
What You Need to Know
The 'Zero Lounge' Reality
Unlike the regular ICICI Coral, the HPCL Coral variant offers ZERO airport lounge access.
Impact: Users traveling by air must hold a secondary card for lounge benefits.
Fuel Reward Cap
The 2.5% cashback is capped at a very low ₹100 per month.
Impact: This means your 2.5% yield stops after spending just ₹4,000/month on fuel.
Essential Fine Print
Reward Exclusions
Excluded Categories: Fuel (earns accelerated points only), Cash advances, EMI transactions, and Wallet load.
Milestone Benefits
Annual Fee Waiver
Renewal fee of ₹199 waived on annual spends exceeding ₹50,000.
Additional Features
Movie Discounts
25% discount up to ₹100 per transaction on BookMyShow and Inox; can be availed twice a month.
Embedded Microchip
Comes with a contactless chip for enhanced security and faster payments.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹199 |
| Annual / Renewal Fee | ₹199 |
| Fee Waiver Threshold | Spend ₹50,000 annually |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Primary applicant must be between 21 and 65 years of age.
Employment
Salaried individual with a monthly income of ₹20,000; Self-employed individual with an annual income of ₹2,40,000
Citizenship
An Indian citizen.
Ready to apply for HPCL Coral?
Annual fee: ₹199 · Waived on ₹50,000 spend
Frequently Asked Questions
Annual fee
₹199
0.5% – 3.5% yield