HPCL ENERGIE BOBCARD Credit Card
The HPCL ENERGIE BOBCARD is a fuel co-brand built around one merchant. At eligible HPCL retail outlets — including LPG and the HP Pay app — it earns 24 reward points per ₹150 (~4% at ₹0.25/point), and adds a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 (capped ₹100 a statement), which is where BOBCARD's "up to 5% savings" headline comes from. Both the accelerated points and the surcharge waiver apply only at HPCL outlets on the eligible merchant list that HPCL shares with BOBCARD — a restriction tightened with effect from 15 July 2026, so a pump outside that list earns nothing extra. Utility bills and departmental stores earn 10 RP per ₹150 (~1.7%), and everything else just 2 RP per ₹150 (~0.3%). Each accelerated tier is capped at 1,000 reward points a statement, so the 4% fuel rate stops at about ₹6,250 of HPCL spend a month. It is issued only on RuPay, so it links to UPI apps. Fees are ₹499 joining and ₹499 annual, waived at ₹50,000 of anniversary-year spend.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹125 in vouchers, points or cashback on card activation
4% on Fuel
24 RP per ₹150 (~4% at ₹0.25/point) at eligible HPCL outlets, capped at 1,000 RP per statement (~₹6,250 of monthly HPCL spend). Restricted to HPCL's eligible-outlet list w.e.f. 15 July 2026
1.67% on Utility Bills
10 RP per ₹150 (~1.7% at ₹0.25/point) on utility bills; the 10-RP tier is capped at 1,000 RP per statement, shared with departmental-store spend
️ Airport Lounge Access
1 complimentary visits per quarter at domestic and international airport lounges
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹50,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Movie Ticket Benefit
25% off up to ₹100 on booking a minimum of 2 tickets per transaction, usable up to twice a month per district for the primary cardholder
UPI Linked
Link to PhonePe, GPay or Paytm and earn credit card rewards on UPI payments
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Fuel | reward points | 4% | ₹250 |
| Utility Bills | reward points | 1.67% | ₹250 |
| Groceries | reward points | 1.67% | ₹250 |
| Other | reward points | 0.33% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹3,300/yr in total.
fuel waiver ~ ₹1,200 /yr
1% fuel surcharge waiver on HPCL fuel transactions between ₹400 and ₹5,000, capped at ₹100 per statement. Applies only at HPCL outlets on the eligible-merchant list
️ lounge access ~ ₹1,500 /yr
4 complimentary domestic airport lounge visits a year (1 per quarter) at partner lounges, subject to ₹20,000 of spend in the preceding calendar quarter
movie ticket ~ ₹600 /yr
25% off up to ₹100 on booking a minimum of 2 tickets per transaction, usable up to twice a month per district for the primary cardholder
Should you get it?
Best for: Drivers loyal to HPCL pumps, Bank of Baroda customer wanting a fuel co-brand with UPI, Someone pairing a dedicated fuel card with a stronger everyday earner
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Fuel ( 4% back).
Frequent travellers benefit from the included airport lounge access.
✓ Pros
- ~4% back at eligible HPCL outlets, plus a 1% HPCL fuel surcharge waiver
- Quarterly domestic lounge access on a mid-fee card
- UPI-linked RuPay — pay by scanning QR codes
- Low ₹50,000 annual-spend waiver bar
- No 1% fuel processing fee on large fuel transactions, unlike other BOBCARDs
✕ Cons
- The 4% fuel rate and the surcharge waiver apply only at HPCL outlets on the eligible-merchant list
- Accelerated points capped at 1,000 RP per statement — the fuel earn stops near ₹250/month
- Base rate of 2 RP/₹150 (~0.3%) is very weak outside the bonus categories
- Supermarkets, rent, government, education and utilities-adjacent MCCs earn nothing
- 3.5% forex markup — not for international transactions
Eligibility & documents
Age
21 –65 years
Min. income
₹20,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 2 months bank statement reflecting salary credit (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Statement credit / cashback adjustment (₹0.25/point)
🎁 Online rewards catalogue (vouchers, merchandise)
🎁 Earn reward points on UPI transactions via linked apps
What your BOB Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Standard redemption
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern Both the 4% earn and the surcharge waiver are gated to HPCL's eligible-outlet list (tightened 15 July 2026) and capped at 1,000 points a statement; everything off-brand earns ~0.3%. One documented conflict — BOB's MITC footnote says waiver-eligible fuel transactions do not earn reward points, while the HPCL page advertises the stacked 4% points + 1% waiver; the page is the card-specific benefit statement, and we track the next MITC revision.
The bottom line
This is a narrowly built fuel card that does one thing well: roughly 4% back at qualifying HPCL pumps plus a 1% surcharge waiver, with lounge access thrown in as a secondary perk. Move outside that use case and the numbers thin out fast — the base rate of 2 points per ₹150 (about 0.3%) ranks among the weakest on offer, and the 1,000-point statement cap effectively limits the fuel benefit to around ₹250 a month. In practice, how much this card is worth to you tracks almost exactly with how often you fill up at HPCL.
Sources & verification
Fees, reward rates, and benefits for the HPCL ENERGIE BOBCARD Credit Card are taken from BOBCARD 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 15 Aug 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 BOBCARD . 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.
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 2022 · 9 changes · last change Jul 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 2 changes — 2 cuts
▼ Reward Observed 17 Jun 2026 · Effective 15 Jul 2026
Fuel rewards and surcharge waiver restricted to HPCL's eligible-outlet list
Accelerated 24 RP per ₹150 and 1% surcharge waiver at all HPCL fuel outlets → Only at HPCL outlets on the eligible merchant (MID/TID) list HPCL shares with BOBCARD; off-list pumps earn base rate with no waiver
BOBCARD tied both the ~4% accelerated reward rate and the 1% fuel surcharge waiver to a specific list of eligible HPCL fuel outlets (by MID/TID). A fill-up at an HPCL pump that is not on that list now earns only the base 2 RP per ₹150 and no surcharge waiver, narrowing the card's core value proposition to a subset of HPCL stations.
Verification: BOBCARD ↗ · Confidence: High
▼ Fee Effective 1 Apr 2026
Processing fees added on toll/bus, high-value rail and third-party education spends
None → 1% (toll/bus ≥₹5,000; rail ≥₹30,000; 3rd-party education apps — each max ₹5,000)
From 1 April 2026 BOBCARD applied a 1% processing fee across almost all its cards: on toll and bus (MCC 4784) spends of ₹5,000 or more, on railway bookings (MCC 4112) of ₹30,000 or more (capped ₹5,000), and on education-fee payments made through third-party apps such as CRED, Paytm, PhonePe and MobiKwik (capped ₹5,000).
Verification: BOBCARD ↗ · Confidence: High
2025 4 changes — 3 cuts, 1 improvement
▼ Fee Effective 1 Jul 2025
Finance charge raised to 3.75% per month
3.25% per month (39% p.a.) → 3.75% per month (45% p.a.)
Effective 1 July 2025 BOBCARD revised the monthly finance charge on carried balances and cash advances to 3.75% (45% a year) for all card variants except Eterna, Eterna FD and Tiara. This is the change behind the card's current 3.75%/month rate — it only applies if you revolve a balance or take a cash advance.
Verification: BOBCARD ↗ · Confidence: High
▼ Redemption Effective 1 Jul 2025
Minimum redemption raised to 1,000 points
Lower / no fixed minimum → 1,000 points minimum
Effective 1 July 2025 redeeming reward points against the statement balance requires a minimum of 1,000 points, applied across all BOBCARD credit-card variants — a small delay to when points become usable.
Verification: BOBCARD ↗ · Confidence: High
▲ Reward Effective 1 Jul 2025
Utility bill payments earn reward points again
No reward points on utility bills → Core reward points restored on utility bills
From 1 July 2025 BOBCARD restored core reward points on utility bill payments (MCC 4900 — electricity, gas, water) across all variants, partly reversing the July 2024 special-category cull that had zeroed them out. Earning is at the card's core base rate, not an accelerated rate.
Verification: BOBCARD ↗ · Confidence: High
▼ Lounge Effective 1 Jan 2025
Quarterly lounge access gated to ₹20,000/quarter spend
1 complimentary domestic lounge visit per quarter, no spend condition → 1 visit per quarter, requires ₹20,000 spend in the preceding calendar quarter (waived for the issuance quarter)
The card's one-per-quarter domestic lounge visit became conditional on spending ₹20,000 in the previous calendar quarter. The BOBCARD notice lists HPCL at the ₹20,000 tier (premium cards were set at ₹40,000). New cards keep the benefit unconditionally in their quarter of issuance.
Verification: BOBCARD ↗ · Confidence: High
2024 2 changes — 2 cuts
▼ Reward Effective 15 Jul 2024
Core reward points removed on special-category (Annexure-A) MCCs
Base 2 RP per ₹150 earned across most non-bonus spend → No reward points on Annexure-A special MCCs; the 24 RP/₹150 HPCL fuel rate (cap 1,000 RP/statement) retained
BOBCARD stopped awarding core reward points on a list of special merchant categories (Annexure A) — rent, utility/telecom MCCs, insurance, education, government, transport/toll, charity, fast food, supermarkets and convenience stores, and fuel bought outside HPCL. The HPCL ENERGIE card was named in the notice with its 24 RP per ₹150 HPCL-fuel rate (capped at 1,000 RP a statement) explicitly preserved, so only the weak base-earning categories lost points.
Verification: BOBCARD ↗ · Confidence: High
▼ Welcome Effective 15 Jul 2024
Welcome bonus cut from 2,000 to 500 reward points
2,000 bonus reward points (~₹500) on spends of ₹5,000 or more within 60 days → 500 reward points (~₹125) on spends of ₹5,000 within the first 60 days
The same 15 July 2024 BOBCARD revision reduced the HPCL ENERGIE welcome benefit from 2,000 bonus reward points to 500 reward points for the same ₹5,000-in-60-days spend threshold — about ₹375 less first-year value at ₹0.25 per point.
Verification: BOBCARD ↗ · Confidence: High
2022 1 change — 1 neutral
◆ Launch Effective May 2022
HPCL Bank of Baroda ENERGIE fuel co-brand launched
BOB Financial (now BOBCARD) and HPCL launched the ENERGIE co-branded fuel card in May 2022 on the RuPay network, making it UPI-linkable. At launch it earned 24 reward points per ₹150 (~4%) at HPCL outlets plus a 1% fuel surcharge waiver, 10 RP per ₹150 on utility and departmental spends, 2 RP per ₹150 elsewhere, four domestic lounge visits a year (one per quarter), and a 2,000-point welcome bonus, at a ₹499 joining/annual fee waivable on ₹50,000 of annual spend. (Early on the ENERGIE was also offered in a Visa variant; the co-brand later settled on RuPay-only, but a dated network-switch notice could not be sourced.)
Verification: CardAdvisor Research · Confidence: Reconstructed
↓ Show all 9 changes 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.
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Source: HPCL ENERGIE BOBCARD Credit Card value timeline — CardAdvisor
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Quick summary
Type Mid credit card
Reward rate 0.33%–4%
Best for Drivers loyal to HPCL pumps
Joining fee ₹499
Annual fee ₹499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 15 Aug 2026
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