ICICI Bank HPCL Coral Credit Card
The ICICI Bank HPCL Coral is the entry-level HPCL fuel co-brand — the cheapest way onto ICICI's HPCL rail, with a ₹199 fee that waives at just ₹50,000 of annual spend. On HP fuel it delivers up to 3.5% back: 2.5% cashback (capped ₹100/month) plus a 1% surcharge waiver. Elsewhere it earns a modest 2 ICICI Reward Points per ₹100 (~0.5% at ₹0.25/point) and 1 RP per ₹100 on utilities and insurance — and since 15 Nov 2024 ICICI caps the rewarded spend in those buckets at ₹40,000 (utility), ₹40,000 (insurance) and ₹20,000 (grocery & departmental) per statement cycle, 400 reward points apiece. There is a BookMyShow 25%-off movie offer (gated behind ₹25,000/quarter since ICICI's 15 Jan 2026 revision). There is no lounge access. It is the lighter sibling of the ICICI HPCL Super Saver, which costs more but pays ~5% on HP fuel and adds grocery earning and lounge access — so the HPCL Coral suits a lighter fuel spender who wants a near-free fuel card, while heavier HP refuellers should step up to the Super Saver.
Key features
What this card is built to do — the highlights that actually matter.
2.5% on Fuel
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)
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Fuel | cashback | 2.5% | ₹100 |
| Other | reward points | 0.5% | — |
| Groceries | reward points | 0.5% | ₹100 |
| Utility Bills | reward points | 0.25% | ₹100 |
| Insurance | reward points | 0.25% | ₹100 |
Fees & charges
| 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.
fuel waiver ~ ₹1,200 /yr
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
movie ticket ~ ₹1,200 /yr
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 Fuel ( 2.5% back).
✓ 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
Age
21 –65 years
Min. income
₹20,000 /mo
Employment
Salaried · Self-employed
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.
Statement credit BEST 1 RP = ₹0.40 against the statement — ICICI's only published rate
Amazon / Flipkart vouchers BEST Voucher store; ICICI publishes only an 'up to ₹1' ceiling, never a realised rate
iShop flights & hotels BEST iShop travel; rate is set per card at checkout, so the ₹1 ceiling is not a value
The concern 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.
The bottom line
This is a compact, essentially free fuel card for anyone who fills up regularly at HP stations — the 3.5% combined return on HP fuel against a ₹199 fee that clears at only ₹50,000 of spend makes it worth holding onto for that segment of drivers. The caveats are the ₹100 monthly ceiling on cashback and a base earn rate elsewhere of roughly 0.5%, which means someone refuelling heavily would be better served by stepping up to the pricier HPCL Super Saver.
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 verified 13 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 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.
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 · 8 changes · last change Apr 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 4 changes — 4 cuts
▼ Benefit Observed 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
▼ Reward Observed 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
▼ Reward Observed 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
▼ Fee Observed 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
2024 2 changes — 2 cuts
▼ Reward Observed 11 Oct 2024 · Effective 15 Nov 2024
Reward caps added and fuel-surcharge waiver limited
Broad utility/insurance earning; surcharge waiver on all HP fuel → Utility ₹40,000 / insurance ₹40,000 / grocery ₹20,000 of rewarded spend per statement cycle; rent, government & education excluded from waiver & milestones; surcharge waiver capped at ₹50,000 of fuel per statement cycle
ICICI's system-wide November 2024 restructure capped the spend that earns reward points on non-premium cards like the HPCL Coral — ₹40,000 on utilities, ₹40,000 on insurance and ₹20,000 at grocery and departmental stores, each per statement cycle. It also excluded rent, government and education spends from fee-waiver and milestone calculations, and limited the 1% fuel-surcharge waiver to the first ₹50,000 of fuel spend per statement cycle, trimming the card's already-thin off-pump value.
Verification: ICICI Bank ↗ · Confidence: High
▼ Reward Effective 5 Feb 2024
Rent and e-wallet loads stop earning points
Rent & e-wallet loads earned points → Rent & e-wallet loads excluded
From 5 Feb 2024 ICICI stopped awarding reward points on rent payments and e-wallet loading transactions across its cards, the HPCL Coral included — the first post-migration category carve-out on the card's off-pump earning.
Verification: ICICI Bank ↗ · Confidence: High
2022 1 change — 1 neutral
◆ Redemption Effective 1 Apr 2022
Rewards move from PAYBACK to ICICI Bank Rewards
PAYBACK points → ICICI Bank Reward Points
ICICI Bank exited the shared PAYBACK programme portfolio-wide: from 1 Apr 2022 the HPCL Coral's off-pump spends accrue new ICICI Bank Reward Points (redeemable at ₹0.25/point through ICICI's own catalogue), while legacy PAYBACK — now Zillion — points earned up to 31 Mar 2022 stay redeemable only on PAYBACK channels. Point validity is 36 months; the HPCL fuel cashback was unaffected.
Verification: ICICI Bank ↗ · Confidence: High
2015 1 change — 1 neutral
◆ Launch Effective 2015
ICICI Bank HPCL Coral fuel co-brand introduced
The HPCL Coral is the entry-level card in ICICI Bank's HPCL fuel co-brand line, sitting under the Coral Gemstone tier: a low ₹199 fee waived at ₹50,000 annual spend, 2.5% cashback on HPCL fuel plus a 1% fuel-surcharge waiver (up to ~3.5% back at HP pumps), 2 reward points per ₹100 on other retail, and a BookMyShow movie discount. Rewards were originally issued as PAYBACK points. No surviving issuer page dates the launch; aggregator listings show it live by January 2016, so the year is reconstructed (c. 2015, following the Dec-2014 ICICI Coral Gemstone line).
Verification: CardAdvisor Research · Confidence: Reconstructed
↓ Show all 8 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: ICICI Bank HPCL Coral Credit Card value timeline — CardAdvisor
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Source: ICICI Bank HPCL Coral Credit Card value timeline , CardAdvisor (CC BY 4.0).
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Quick summary
Type Entry credit card
Reward rate 0.5%–2.5%
Best for Light-to-moderate HPCL refuellers wanting a near-free fuel card
Joining fee ₹199
Annual fee ₹199
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 13 Aug 2026
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