Base reward rate: 2 pts/₹100 on most retail spends; 4% cashback + 1.5% pts on HPCL fuel; 5% pts on departmental stores, mobile & electricity bills.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 500
Annual fee: 500
Pros
Excellent fuel value-back of 5.5% at HPCL outlets, combining 4% direct cashback (up to ₹200/month) with an additional 1.5% in reward points when paying via the HP Pay app.
Strong 5% reward rate on high-frequency spending categories like departmental stores, mobile, and electricity bills (as 20 points per ₹100).
Offers a unique 24x7 complimentary roadside assistance service, a benefit not commonly found on entry-level cards.
Good entertainment value with a 25% discount up to ₹100 on BookMyShow and INOX, usable twice per month on each platform.
The annual fee of ₹500 is waived on a relatively achievable spend of ₹1,50,000 in the preceding year.
Cons
The card's primary benefits are severely limited by low monthly caps: fuel cashback is capped at ₹200 and utility/departmental store rewards are capped at ₹100, limiting total accelerated savings to just ₹300 per month.
The complimentary domestic lounge access is gated by a very high spend condition of ₹75,000 in a quarter, making it inaccessible for many target users.
The base reward rate for all other retail spending is a low 0.5% (2 points per ₹100, assuming a redemption value of ₹0.25 per point).
Reward redemption is inflexible, restricted to vouchers and merchandise via the ICICI portal with no option for direct statement credit.
A high foreign currency markup of 3.50% makes this card unsuitable for any international transactions.
Best Use Case
Individuals who frequently spend on HPCL fuel, departmental stores, and utility bills, and enjoy movie discounts.