In-depth review
ICICI Bank HPCL Coral Credit Card
The cheapest way onto ICICI's HPCL fuel rail: a ₹199 card that waives at just ₹50,000 of annual spend and pays up to 3.5% back at HP pumps — 2.5% cashback (capped ₹100/month) plus a 1% surcharge waiver. Off the pump it earns a thin ~0.5%, and there's no lounge access. A near-free keeper for the light HP refueller; heavier fuel spenders belong on the pricier HPCL Super Saver.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
2.5% cashback at Hindustan Petroleum (HPCL)
2.5% cashback on HPCL fuel (capped ₹100/month) plus a 1% surcharge waiver = up to 3.5% back at HP pumps
0.5% on Other
2 ICICI Reward Points per ₹100 (~0.5% at ₹0.25/point) on other retail spends
Annual Fee Waiver
Fee of ₹199 + 18% GST (₹235 all-in)/yr fully waived when you spend ₹50,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹500/month
Movie Ticket Benefit
25% off up to ₹100 on BookMyShow, twice a month, gated behind ₹25,000 of quarterly spend (ICICI's 15 Jan 2026 revision)
⛽ FUEL BENEFITS
Co-branded card — maximum savings at HPCL stations.
Up to 3%
Fuel reward rate
1%
Surcharge waiver
₹500
Waiver cap/month
PARTNER FUEL STATIONS
- Co-branded card — maximum rewards at HPCL fuel stations
- Up to 3% effective return on fuel purchases
- 1% fuel surcharge waiver at all fuel stations
🎬 ENTERTAINMENT BENEFITS
Movies, OTT subscriptions and entertainment perks.
- 25% off up to ₹100 on BookMyShow, twice a month, gated behind ₹25,000 of quarterly spend (ICICI's 15 Jan 2026 revision)
For light-to-moderate HPCL refuellers who want a near-free fuel card and will clear the low ₹50,000 fee waiver. Heavier HP fuel spenders are better on the ICICI HPCL Super Saver (~5% fuel, grocery earn, lounge).
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.25. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Fuelonly at Hindustan Petroleum (HPCL) | cashback | 2.5% | ₹100 |
| Other | reward points | 0.5%2 pts/₹100 × ₹0.25 | — |
| Groceries | reward points | 0.5%2 pts/₹100 × ₹0.25 | ₹100 |
| Insurance | reward points | 0.25%1 pts/₹100 × ₹0.25 | ₹100 |
| Utility Bills | reward points | 0.25%1 pts/₹100 × ₹0.25 | ₹100 |
Fuel: 2.5% cashback on HPCL fuel (capped ₹100/month) plus a 1% surcharge waiver = up to 3.5% back at HP pumps · Hindustan Petroleum (HPCL)
Other: 2 ICICI Reward Points per ₹100 (~0.5% at ₹0.25/point) on other retail spends
Groceries: 2 ICICI Reward Points per ₹100 at grocery & departmental stores, and only on the first ₹20,000 of such spend per statement cycle (400 RP) since 15 Nov 2024
Insurance: 1 ICICI Reward Point per ₹100 on insurance premiums, and only on the first ₹40,000 of insurance spend per statement cycle (400 RP) since 15 Nov 2024
Utility Bills: 1 ICICI Reward Point per ₹100 on utility and government bills, and only on the first ₹40,000 of such spend per statement cycle (400 RP) since 15 Nov 2024
Earns nothing on: Rent · Cash Advances · Wallet Loads
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹235 |
| Joining fee (incl. 18% GST) | ₹235 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹500 |
Perks & benefits
Estimated annual value beyond rewards — ~₹2,400/yr in total.
Up to 3.5% back on HPCL fuel — 2.5% cashback (capped ₹100/month) plus a 1% surcharge waiver on transactions up to ₹4,000, applied to the first ₹50,000 of fuel spend per statement cycle
25% off up to ₹100 on BookMyShow, twice a month, gated behind ₹25,000 of quarterly spend (ICICI's 15 Jan 2026 revision)
Should you get it?
- Best for: Light-to-moderate HPCL refuellers wanting a near-free fuel card, Drivers who refuel mainly at HP pumps
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on everyday spends (0.5% back; 2.5% only at Hindustan Petroleum (HPCL)).
Pros & cons
✓ Pros
- Up to 3.5% back on HPCL fuel
- Very low ₹199 fee, waived at just ₹50,000 of spend
- Movie-ticket discounts via BookMyShow
✕ Cons
- Fuel cashback capped at ₹100/month (about ₹4,000 of HP fuel)
- Only ~0.5% earn off the pump
- Utility, insurance and grocery earning is capped per statement cycle (400 reward points each)
- No airport lounge access
Eligibility & documents
This is the figure for salaried applicants. Where ICICI Bank sets a separate one for the self-employed, its own eligibility page gives it.
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Fuel cashback credited to the statement
- 🎁Redeem reward points on the ICICI rewards catalogue
- 🎁Statement credit on eligible spends
What your ICICI Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
1 RP = ₹0.40 against the statement — ICICI's only published rate
Voucher store; ICICI publishes only an 'up to ₹1' ceiling, never a realised rate
iShop travel; rate is set per card at checkout, so the ₹1 ceiling is not a value
The 2.5% fuel cashback is capped at ₹100/month (about ₹4,000 of HP fuel), and everything off the pump earns just ~0.5% — heavier fuel spenders get more from the ICICI HPCL Super Saver.
Frequently asked questions
What is the effective fuel return at HPCL?
What is the monthly fuel cashback cap?
HPCL Coral or HPCL Super Saver?
What is the annual fee?
Are the utility, insurance and grocery earnings capped?
How has the ICICI Bank HPCL Coral Credit Card changed over time?
Has the ICICI Bank HPCL Coral Credit Card been devalued recently?
When did the ICICI Bank HPCL Coral Credit Card's fees last change?
How did the ICICI Bank HPCL Coral Credit Card change in 2026?
The bottom line
A tidy, near-free HPCL fuel card — up to 3.5% back on HP fuel for a ₹199 fee that waives at just ₹50,000 makes it an easy keeper for the HPCL-side commuter. Just note the ₹100/month cashback cap and the thin ~0.5% base earn; heavier fuel spenders will out-earn it on the pricier HPCL Super Saver.
How this page was built
Counted from this card’s own record: 5 earn rules, 4 of them capped, 1 paid only at named merchants, the spends listed as earning nothing and 2 recorded perks. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the ICICI Bank HPCL Coral Credit Card are taken from ICICI Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for ICICI Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Similar & related cards
Other cards worth comparing before you apply.
Axis Bank Neo Credit Card
Comparable AXIS option
Standard Chartered EaseMyTrip Credit Card
Comparable SC option
ICICI Bank Platinum Chip Credit Card
Lifetime-free alternative
ICICI HPCL Super Saver Credit Card
Same tier with similar rewards
AU Prathama Credit Card
Lower annual fee, similar tier
SBI SimplySAVE Credit Card
Comparable SBI option
Read more
Guides and reviews related to this card.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2015 · last change Apr 2026
2026
- ▼ BenefitObserved 17 Dec 2025 · Effective 1 Apr 2026
BookMyShow movie benefit becomes spend-gated
Complimentary movie discount→Requires ₹25,000 spend in the previous quarter
From April 2026 the HPCL Coral's BookMyShow movie discount (25% off, twice a month) unlocks only if the cardholder spent at least ₹25,000 in the preceding calendar quarter — a steep bar for an entry fuel card, moving its last non-fuel perk from unconditional to spend-gated.
Verification: CardAdvisor Research · Confidence: High
- ▼ FeeObserved 19 Feb 2026 · Effective 1 Mar 2026
Minimum Amount Due rebuilt as a two-branch formula
5% of the outstanding amount, plus instalments, the over-limit amount, fee GST and any unpaid previous MAD→100% of GST, EMI principal and interest, fees, the over-limit amount and unpaid MAD, plus 5% of retail spends, cash advances and the finance charge — the finance charge taken in full whenever that 5% falls short of it
From the 1 March 2026 statement onwards ICICI stopped deriving the Minimum Amount Due from a single 5%-of-outstanding line and began building it component by component: GST, EMI principal and interest, fees and charges, the over-limit amount and any unpaid previous MAD are all taken at 100%, and 5% is applied to retail spends, cash advances and the finance charge. Where 5% of those three comes to less than the finance charge alone, the whole finance charge is added instead and only retail and cash are taken at 5%. ICICI illustrates both branches itself — a minimum of ₹11,210 on a ₹37,830 total due, and ₹21,620 on a ₹1,15,810 total due where finance charges dominate. Paying the statement in full is unaffected; the minimum rises only for people carrying a balance or taking cash.
Verification: ICICI Bank ↗ · Confidence: High
- ▼ RewardObserved 17 Dec 2025 · Effective 1 Feb 2026
Transport-category earning capped
Transport spends earned uncapped→Transport rewards capped at ₹10,000 per statement cycle
From 1 February 2026 ICICI capped the reward points earned on transport-category spends — rail, bus, taxi, tolls and similar — at ₹10,000 of spend per statement cycle on its mid- and entry-tier cards, half the ₹20,000 the Gemstone tier keeps. Spend above the cap still posts to the card, it simply stops earning. On a card whose earn rate is already thin, this is a further trim rather than a headline cut.
Verification: ICICI Bank ↗ · Confidence: High
- ▼ RewardObserved 17 Dec 2025 · Effective 15 Jan 2026
Government, fuel, rent, tax and wallet spends stripped of rewards
Points earned on most retail spends→Government, fuel, rent, property, tax & third-party wallet spends earn no points
As part of ICICI's 2026 portfolio devaluation, from 15 Jan 2026 spends on government services, fuel, rent, property management, tax payments and third-party wallet loads stopped earning ICICI Reward Points across the range. For the HPCL Coral this hollows out the base earn on everyday bill-type spends, leaving the HPCL fuel cashback as the card's one durable return.
Verification: CardAdvisor Research · Confidence: Reconstructed
- ▼ FeeObserved 17 Dec 2025 · Effective 15 Jan 2026
New card and transaction fees introduced
No add-on-card fee; standard transaction charges→₹3,500 one-time add-on (Plus) card fee; revised wallet/gaming/DCC charges
The same December 2025 announcement layered on new charges effective 15 Jan 2026: a ₹3,500 one-time fee on newly issued add-on (Plus) cards, plus revised transaction charges on third-party wallet loads, gaming spends and dynamic-currency-conversion (DCC) markups. These apply portfolio-wide, the HPCL Coral included.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
</> Embed this timeline on your site
Free to use. Facts only — dates, changes and before/after values. Please keep the credit line below the frame: it's the only part search engines can see, and it's what we ask for in return.
“ Cite this timeline
Quoting a date or a before/after figure? Copy the HTML version — it credits the record with a working link.
Source: <a href="https://cardadvisor.in/cards/icici-hpcl-coral#value-timeline">ICICI Bank HPCL Coral Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).
Want to know if this beats your current card for your spending?
Applications are submitted to and decided by ICICI Bank. CardAdvisor does not issue cards or process applications.