ICICI Bank
ICICI HPCL Coral Credit Card
This is an invite only card
Top Benefits
Save Up To 3.5% on Fuel Transactions at HPCL
pumps with 2.5% cashback capped at ₹100 per month
Get 25% Off Movies on BookMyShow Movie Tickets
up to ₹100 with 2 discounts every month
Best For
Fuel
Utility Bills
The ICICI HPCL Coral Credit Card is an entry-level fuel-focused co-branded card from ICICI Bank, posi...
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The ICICI HPCL Coral Credit Card is an entry-level fuel-focused co-branded card from ICICI Bank, posi...
The ICICI HPCL Coral Credit Card is an entry-level fuel-focused co-branded card from ICICI Bank, positioned as a lighter alternative to the ICICI HPCL Super Saver. Available on both Visa and Mastercard networks, it carries a ₹199 joining fee and a ₹199 annual fee, with the annual fee waivable on annual spends of ₹50,000 or more.
The card delivers up to 3.5% total savings on HPCL fuel, combining 2.5% cashback at HPCL pumps with a 1% surcharge waiver. While lower than the 6% on the Super Saver, the cashback cap is ₹100 per month, which suits users with moderate fuel spending of ₹4,000 to ₹5,000 monthly at HPCL.
Eligibility requires applicants to be between 21 and 65 years of age, with a minimum annual income of ₹2.4 LPA for both salaried and self-employed (₹20,000 monthly). CIBIL score requirement is 750 or above. The broader age range (up to 65) and accessible income threshold make this card suitable for first-time users and senior professionals.
Beyond fuel, the card offers 2 reward points per ₹100 on retail spends and 1 reward point per ₹100 on utility and insurance spends. With 1 reward point = ₹0.25 at redemption, this works out to 0.5% effective return on retail and 0.25% on utilities. The 25% movie discount on BookMyShow (capped at ₹100 per ticket, valid twice per month) adds entertainment value.
This card is one of the few that earns rewards on utility and insurance payments, categories most cards exclude. While the 0.25% return is modest, it adds incremental value for users with significant utility bills.
The ₹199 fee structure makes this one of the most accessible fuel cards in the Indian market. The card pays for itself with even modest fuel and retail spending, and the welcome reward points (around 2,000 points worth ₹500) provide additional value at activation.
View FAQ
Commonly Asked Questions
Q. What is the joining fee for the ICICI HPCL Coral Credit Card?
A. The joining fee is ₹199 plus applicable GST, partially offset by welcome reward points (around 2,000 points).
Q. Can the annual fee be waived?
A. Yes, the ₹199 annual fee is waived on annual spends of ₹50,000 or more in the previous card year.
Q. What is the total savings on HPCL fuel?
A. The card delivers up to 3.5% total savings: 2.5% cashback (capped at ₹100/month) plus 1% surcharge waiver on transactions between ₹400 and ₹4,000.
Expert Review
The ICICI HPCL Coral is one of the most accessible fuel-and-retail cards in the Indian market. The ₹199 fee point, modest waiver threshold, and basic fuel savings make this a true entry-level card with real utility.
For a moderate user spending ₹4,000 monthly on HPCL fuel and ₹6,000 on retail, the card delivers approximately ₹2,000 in annual fuel savings, ₹360 in retail rewards, and ₹2,400 in movie discounts. Against a zero net fee at the ₹50,000 waiver, total annual value is approximately ₹4,750.
The rare utility/insurance rewards (1 point per ₹100) are a meaningful differentiator. Most cards exclude these categories entirely, so the modest 0.25% return on utilities adds incremental value over time.
The card has limitations. The 3.75% APR (55.55% per annum) is among the higher interest rates in the market. The ₹99 redemption fee adds friction for frequent redeemers. The cashback cap of ₹100 monthly on fuel limits upside for heavy fuel users.
Our recommendation: get this card if you fuel up at HPCL and want a near-free entry-level card. For heavier fuel users, consider the HPCL Super Saver or IDFC First Power Plus. For pure retail users, the SBI SimplyCLICK or HDFC Freedom offer more focused benefits.
Joining/Annual Fee
Joining Fees
₹235 ( ₹199 + GST )
Annual Fees
₹235 ( ₹199 + GST )
The ICICI HPCL Coral has a ₹199 joining fee charged at the time of card issuance, plus applicable GST...
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The ICICI HPCL Coral has a ₹199 joining fee charged at the time of card issuance, plus applicable GST...
The ICICI HPCL Coral has a ₹199 joining fee charged at the time of card issuance, plus applicable GST. The joining fee is partially offset by welcome reward points (around 2,000 points, worth ₹500 at the standard redemption rate), which more than covers the fee.
The annual fee is also ₹199 plus applicable GST from year two onwards. The fee is waived on annual spends of ₹50,000 or more in the previous card year, which works out to about ₹4,200 monthly. This is one of the lowest waiver thresholds in the Indian market.
GST at 18% applies to both fees, so the total first-year cost is ₹235 (₹199 + ₹36 GST). The annual fee from year two, if not waived, is also ₹235.
The economics make this card a near-zero-cost product for moderate users. Even at low spending levels (₹4,200 monthly to hit waiver), you get full fee waiver, modest fuel savings, and movie discounts, against a near-zero net annual cost.
View FAQ
Commonly Asked Questions
Q. What is the joining fee for this card?
A. The joining fee is ₹199 plus 18% GST, totalling ₹235 at the time of card issuance.
Q. How can the annual fee be waived?
A. The annual fee is waived on annual spends of ₹50,000 or more in the previous card year, which is roughly ₹4,200 per month.
Q. Are the welcome benefits sufficient to offset the joining fee?
A. Yes, the welcome reward points (around 2,000 points) more than cover the ₹199 joining fee.
Q. Is GST charged on fees?
A. Yes, 18% GST applies to both joining and annual fees.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
2.4LPA
Credit
Rating*
750+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
The ICICI HPCL Coral has accessible eligibility requirements suited for first-time credit card users ...
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The ICICI HPCL Coral has accessible eligibility requirements suited for first-time credit card users ...
The ICICI HPCL Coral has accessible eligibility requirements suited for first-time credit card users and moderate-income applicants.
Applicants must be between 21 and 65 years of age, applicable to both salaried and self-employed individuals. This broader age range makes the card accessible to senior professionals who may not qualify for cards with stricter age limits.
The minimum annual income requirement is ₹2.4 LPA for both salaried and self-employed (₹20,000 monthly), which is one of the lowest income thresholds in the Indian premium card market. Self-employed applicants need to validate income through ITR filings.
A CIBIL score of 750 or above is required, which is slightly higher than the 720 required for the Super Saver. This reflects ICICI's preference for established credit users at this fee tier.
You must be a resident Indian citizen with valid PAN, Aadhaar, and address proof. ICICI's extensive branch network across India makes this card widely available.
View FAQ
Commonly Asked Questions
Q. What is the minimum income required?
A. The minimum annual income is ₹2.4 LPA for both salaried and self-employed applicants.
Q. What CIBIL score is needed?
A. A CIBIL score of 750 or above is required, which is slightly stricter than typical entry-level cards.
Q. Is the card available to senior citizens?
A. Yes, the age limit of 65 makes the card accessible to senior professionals and consultants.
Q. Are NRIs eligible?
A. No, this card is available only to resident Indian citizens.
All Card Benefits
- Up to 3.5% total savings on HPCL fuel (2.5% cashback + 1% surcharge waiver, capped at ₹100/month)
- 25% off on movie tickets up to ₹100 (2 times/month)
- Earn 2 reward points per ₹100 on retail spends
- Earn 1 reward point per ₹100 on utility & insurance spends
- Annual fee waiver on spending ₹50,000 in previous year
- Reward points redeemable across categories like travel, vouchers, electronics, etc.
The ICICI HPCL Coral combines moderate fuel savings, retail rewards, and movie discounts at a very ac...
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The ICICI HPCL Coral combines moderate fuel savings, retail rewards, and movie discounts at a very ac...
The ICICI HPCL Coral combines moderate fuel savings, retail rewards, and movie discounts at a very accessible fee point.
The fuel benefit structure delivers up to 3.5% total savings on HPCL fuel. The 2.5% cashback applies on fuel transactions at HPCL pumps (minimum ₹500 transaction, maximum ₹100 monthly cashback). Add a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, and total savings reach 3.5% on HPCL fuel.
For a user spending ₹4,000 monthly on HPCL fuel, the card delivers ₹140 in monthly fuel savings (₹100 cashback + ₹40 surcharge waiver), totalling about ₹1,680 annually. While modest, this comfortably covers the annual fee.
On retail spends, you earn 2 reward points per ₹100, which works out to 0.5% effective return at the ₹0.25 per point redemption rate. On utility and insurance spends, you earn 1 reward point per ₹100 (0.25% return). The latter is unusual because most cards exclude utilities and insurance entirely, so any rewards here are incremental value.
Movie ticket benefits include 25% discount via BookMyShow, with the discount capped at ₹100 per ticket, valid twice per month. So for a regular movie-goer booking two ₹400 tickets a month, the card saves ₹100 to ₹200 monthly on movie tickets.
There are no airport lounge benefits, golf privileges, or premium dining programmes on this card. The Coral is designed as a fuel-and-retail entry-level card rather than a lifestyle product.
The card supports both Visa and Mastercard variants. The Visa variant offers Visa network offers; the Mastercard variant offers Mastercard network privileges. Both have similar core benefits structure with minor variations on partner offers.
View FAQ
Commonly Asked Questions
Q. What is the cashback structure on HPCL fuel?
A. You earn 2.5% cashback on HPCL fuel transactions (minimum ₹500, maximum ₹100 monthly cap), plus a 1% surcharge waiver, totalling up to 3.5% savings.
Q. Are utility and insurance payments rewarded?
A. Yes, you earn 1 reward point per ₹100 on utility and insurance spends, which is rare for credit cards in India.
Q. What is the retail reward rate?
A. You earn 2 reward points per ₹100 on retail spends, which equals 0.5% effective return at the ₹0.25 per point rate.
Q. Are there movie ticket benefits?
A. Yes, 25% discount on movie tickets via BookMyShow, capped at ₹100 per ticket, valid twice per month.
Q. Does this card offer airport lounge access?
A. No, the ICICI HPCL Coral does not include complimentary airport lounge access.
Q. Is there a fuel surcharge waiver?
A. Yes, 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at HPCL pumps. No benefit applies below ₹400 or above ₹4,000.
Q. Can I choose between Visa and Mastercard?
A. Yes, both Visa and Mastercard variants are available. The core benefits are similar with minor variations on partner offers.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.25
Redemption Options
You can redeem your reward points by logging in with your Internet Banking credentials.
To check redemption catalogue
Reward redemption on the ICICI HPCL Coral is done through ICICI Internet Banking or the iMobile app. ...
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Reward redemption on the ICICI HPCL Coral is done through ICICI Internet Banking or the iMobile app. ...
Reward redemption on the ICICI HPCL Coral is done through ICICI Internet Banking or the iMobile app. Log in with your Internet Banking credentials to access the rewards portal.
The standard redemption rate is 1 reward point = ₹0.25. You can redeem for vouchers, merchandise, travel bookings, and partner brands through the ICICI Rewards platform.
To redeem, log in, browse the catalogue, select your preferred option, and confirm. E-vouchers are typically delivered to your registered email within 24 to 72 hours.
Reward redemption fee is ₹99 plus GST per redemption request, so it makes sense to redeem in larger batches.
Reward points have an expiry period as per ICICI's terms, typically 2 to 3 years from the date earned.
View FAQ
Commonly Asked Questions
Q. How do I redeem reward points?
A. Log in to ICICI Internet Banking or the iMobile app, browse the Rewards catalogue, and confirm your redemption.
Q. What is the redemption value?
A. The redemption rate is 1 reward point = ₹0.25 across the ICICI Rewards catalogue.
Q. Is there a redemption fee?
A. Yes, ₹99 plus GST per redemption request.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Rent Payment
ATM Cash Withdrawals
Fuel Spends
All Reversals
EMI Spends
For Spends Waiver
Fuel Spends
All Reversals
ATM Cash Withdrawals
EMI Spends
Wallet Loads
Gift Card or Voucher Purchases
The ICICI HPCL Coral excludes several categories from earning rewards.
Excluded categories include...
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The ICICI HPCL Coral excludes several categories from earning rewards. Excluded categories include...
The ICICI HPCL Coral excludes several categories from earning rewards.
Excluded categories include rent payment, ATM cash withdrawals, fuel spends (excluded from rewards but eligible for cashback under the dedicated HPCL programme), all reversals, EMI spends, wallet loads, and gift card or voucher purchases.
Note that while fuel spends are excluded from the base reward earning (2 points per ₹100), HPCL fuel transactions earn the dedicated 2.5% cashback under the co-branded structure. So fuel users still benefit from the card's flagship feature.
The card excludes all reversals, so cancelled transactions do not retain their earned points and do not count toward fee waiver.
Refer to the latest MITC document for the full exclusion list.
View FAQ
Commonly Asked Questions
Q. Do fuel transactions earn base rewards?
A. No, fuel spends are excluded from the base 2 points per ₹100 earning. However, HPCL fuel earns the dedicated 2.5% cashback under the co-branded programme.
Q. Are rent payments rewarded?
A. No, rent payments are excluded from rewards. Additionally, a 1% processing charge applies on rent through fintech apps.
Q. Do wallet loads earn rewards?
A. No, wallet loads to Paytm, Mobikwik, and similar platforms are excluded.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.75% per month (55.55% per annum) apply on unpaid outstanding balances until the amount is fully repaid. | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | Not Applicable |
Cash Payment Fees ₹100 + GST cash payment fee per deposit. | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹101 - ₹500 | ₹100 |
| ₹501 - ₹1000 | ₹500 |
| ₹1001 - ₹5000 | ₹600 |
| ₹5001 - ₹10000 | ₹750 |
| ₹10001 - ₹25000 | ₹900 |
| ₹25001 - ₹50000 | ₹1100 |
| ₹50000 and above | ₹1300 |
Here is a complete breakdown of all charges on the ICICI HPCL Coral.
The joining fee is ₹199 plus ...
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Here is a complete breakdown of all charges on the ICICI HPCL Coral. The joining fee is ₹199 plus ...
Here is a complete breakdown of all charges on the ICICI HPCL Coral.
The joining fee is ₹199 plus GST, offset by welcome reward points. The annual fee is also ₹199 plus GST from year two, waivable on ₹50,000 annual spend.
Forex markup is 3.5% on all international transactions. Spending USD 100 (about ₹8,300) costs ₹290 in forex fees.
APR on revolving balances is 3.75% per month, equivalent to 55.55% per annum, one of the higher interest rates in the market. Carrying forward ₹10,000 of unpaid dues attracts ₹375 in interest per month.
Cash advance fee is 2.5% of the withdrawn amount, minimum ₹500. Reward redemption fee is ₹99 plus GST per redemption.
Railway surcharge is approximately ₹30 plus 2.5% per booking, varying by card and gateway. Rent payment processing charge is 1% of transaction value.
Cheque payment charge is ₹100 per cheque. Cash payment at branch is ₹100 per transaction.
Late payment charges are slab-based: ₹0 below ₹100, ₹100 for ₹101 to ₹500, ₹500 for ₹501 to ₹5,000, ₹600 for ₹5,001 to ₹10,000, ₹800 for ₹10,001 to ₹25,000, ₹1,100 for ₹25,001 to ₹50,000, and ₹1,300 above ₹50,000. An additional ₹100 is levied for two consecutive missed minimum amount due cycles.
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹199 + GST |
| Annual Fee | ₹199 + GST (waived ₹50K) |
| Forex Markup | 3.5% |
| APR | 3.75% per month (55.55% p.a.) |
| Cash Advance Fee | 2.5% (min ₹500) |
| Reward Redemption Fee | ₹99 + GST per redemption |
| Railway Surcharge | ₹30 + 2.5% |
| Rent Payment Charge | 1% of transaction |
| Cheque Payment Charge | ₹100 per cheque |
| Cash Payment at Branch | ₹100 per transaction |
| Late Payment Charges | ₹0 / ₹100 / ₹500 / ₹600 / ₹800 / ₹1,100 / ₹1,300 (slab-based) |
View FAQ
Commonly Asked Questions
Q. What is the interest rate?
A. The interest rate is 3.75% per month or 55.55% per annum, which is one of the higher rates in the market.
Q. What is the forex markup?
A. The forex markup is 3.5% on all international transactions.
Q. What are the late payment charges?
A. Late payment charges are slab-based from ₹0 to ₹1,300, plus an additional ₹100 for two consecutive missed minimum amount due cycles.
Q. Is there a redemption fee?
A. Yes, ₹99 plus GST per redemption request.
Q. What is the cash advance fee?
A. The cash advance fee is 2.5% of the withdrawn amount, minimum ₹500.
Q. What is the railway surcharge?
A. Approximately ₹30 plus 2.5% per railway ticket booking, varying by card and gateway.
Documents Required
To apply for the ICICI HPCL Coral, you need identity, address, and income proof documents. Most can be uploaded digitally.
Identity proof requires PAN (mandatory) plus Aadhaar, Voter ID, passport, or driving licence. Address proof can be Aadhaar with current address, recent utility bills, rental agreement, passport, or driving licence.
Income proof for salaried applicants includes the last 3 months' salary slips and the last 6 months' bank statement. Self-employed applicants need the last 2 years' ITR with computation, 6 months' business bank statement, and proof of business existence.
View FAQ
Commonly Asked Questions
Q. Is PAN mandatory?
A. Yes, PAN is mandatory as per RBI regulations.
Q. What income proof is needed for salaried applicants?
A. Salaried applicants need the last 3 months' salary slips and the last 6 months' bank statement.
Q. What income proof is needed for self-employed applicants?
A. Self-employed applicants need the last 2 years' ITR with computation, 6 months' business bank statement, and proof of business existence.
Who Should Get This Card?
The ICICI HPCL Coral is built for users who fuel up at HPCL and want a near-zero-cost card with modest savings. Typical users spend ₹3,000 to ₹5,000 monthly on HPCL fuel and ₹5,000+ on broader retail.
The ₹199 fee point and ₹50,000 annual spend waiver make this a near-free card for moderate spenders. Combined with 3.5% fuel savings, modest retail rewards, and 25% movie discounts, the card delivers real value at an accessible price.
The rare 1 reward point per ₹100 on utility and insurance payments adds incremental value. While the 0.25% return is small, most cards exclude these categories entirely, so any rewards here are bonus value.
This card is not the right pick for heavy fuel users (above ₹5,000 monthly) who can extract more from the HPCL Super Saver or IDFC First Power Plus. It also is not ideal for users who do not fuel at HPCL or who want premium experiential benefits (lounge access, golf, dining programmes).
Credit Limit and What to Expect
The credit limit on the ICICI HPCL Coral depends on your income, CIBIL score, and existing credit obligations. For ₹2.4 to ₹6 LPA income profiles, typical starting limits range from ₹30,000 to ₹1,00,000. Higher incomes and stronger profiles can reach ₹2,00,000 or more.
ICICI reviews accounts periodically and offers credit limit enhancements after 6 to 12 months of regular usage and timely payments. You can request enhancements through ICICI iMobile or by calling customer care.
Keep credit utilisation below 30% to maintain CIBIL score. With a ₹50,000 limit, target monthly billed amounts of ₹15,000 or less.
Cash advance limit is usually 20% to 40% of total credit limit, with a 2.5% fee per transaction (minimum ₹500).
View FAQ
Commonly Asked Questions
Q. What credit limit can I expect?
A. For ₹2.4 to ₹6 LPA income profiles, starting limits typically range from ₹30,000 to ₹1,00,000.
Q. When can I request a credit limit increase?
A. After 6 to 12 months of regular usage and on-time payments.
Q. What is the cash withdrawal limit?
A. The cash advance limit is usually 20% to 40% of your total credit limit, with a 2.5% fee per transaction.
How to Apply?
You can apply for the ICICI HPCL Coral through the ICICI Bank website, partner platforms like BankKaro, or by visiting any ICICI branch across India.
The online application via icicibank.com is the most common route. Visit the credit cards page, select HPCL Coral, click Apply Now, and fill in PAN, Aadhaar, date of birth, employment type, and monthly income. Upload digital copies of PAN, Aadhaar, latest 3 months' salary slips (for salaried) or last 2 ITR documents (for self-employed), and address proof.
ICICI runs a bureau check followed by internal verification. The initial decision usually comes within 1 to 3 working days. If approved, you complete video KYC from your phone. The physical card is dispatched within 5 to 10 working days.
For existing ICICI customers, pre-approved offers may be available with simplified application and faster turnaround.
View FAQ
Commonly Asked Questions
Q. Can I apply online?
A. Yes, you can apply through the ICICI Bank website, partner platforms like BankKaro, or by visiting any ICICI branch.
Q. How long does the application take?
A. Initial approval typically comes within 1 to 3 working days. The physical card is dispatched within 5 to 10 working days after approval.
Q. Is video KYC required?
A. Yes, video KYC is required for online applications.
That’s the full story of this credit card
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Top Benefits
Top Benefits
Save Up To 3.5% on Fuel Transactions at HPCL
pumps with 2.5% cashback capped at ₹100 per month
Get 25% Off Movies on BookMyShow Movie Tickets
up to ₹100 with 2 discounts every month
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