ICICI Bank HPCL Super Saver Credit Card Review 2026: What the Caps Actually Allow, Fees & FAQs
ICICI Bank HPCL Super Saver Credit Card charges ₹500 and pays accelerated rates on fuel and essentials — both capped tightly. What the caps really allow, the 2026 changes, fees and FAQs.
The HPCL Super Saver pays 20 PAYBACK Points per ₹100 on daily essentials — 5% — and 1.5% value back on HPCL fuel. Both bands are capped tightly enough that the headline rates are close to decorative.
ICICI Bank HPCL Super Saver Credit Card Quick Overview
| **Card type** | Fuel co-brand card |
|---|---|
| **Best for** | Drivers filling up at HPCL |
| **Joining / renewal fee** | ₹500 + GST, same on renewal — renewal waived at ₹1.5 lakh of annual spend |
| **Network** | Visa, Mastercard |
| **Base reward rate** | **0.5%** |
| **Top reward rate** | **5.0%** — Daily essentials — grocery, departmental stores and utilities |
| **Reward currency** | PAYBACK Points, valued at ₹0.25 each |
| **Welcome benefit** | 2,000 PAYBACK Points as a joining benefit |
| **Lounge access** | 1 domestic visit per quarter (4 a year) |
| **Forex markup** | 3.5% |
Reward Structure: How You Earn
20 PAYBACK Points per ₹100 on daily essentials — 5%, capped at 400 points a statement cycle. 1.5% value back on HPCL fuel through the HP Pay app, capped at ₹200 a month. 2 PAYBACK Points per ₹100 on retail — 0.5%.
From 15 January 2026 ICICI stopped paying rewards on fuel and e-wallet loads across its range, and added new fees the same day: 1% on wallet loads of ₹5,000 or more, 2% on skill-based gaming, 1% on transportation above ₹50,000, and ₹3,500 one-time for every new add-on card.
| Spend | Effective rate |
|---|---|
| Daily essentials — grocery, departmental stores and utilities (capped at 400 points a month) | **5.0%** |
| Fuel at HPCL outlets (capped at 200 points a month) | **1.5%** |
| Everything else | 0.5% |
| Fuel, rent, wallet loads, government, gaming | **0%** |
The caps that actually bind
Headline rates mean little until you know where they stop. These are the limits on this card:
| Cap | Limit |
|---|---|
| Essentials | 400 points per calendar month |
| Fuel | 200 points per calendar month |
Both accelerated bands are capped monthly, and the caps bind at spend levels most drivers pass easily. The figures in the verdict below are the realistic maxima, not the headline rates.
Category Restrictions: Where You Won't Earn
- Where you earn nothing: Earns nothing at all: fuel (MCC 1361, 3851, 5172, 5541, 5542, 5555, 5983, 9752 — the Parakram cards are exempt); e-wallet loads (MCC 6540 — the Amazon Pay card is exempt); cash advances; and, on the premium metal cards, government services, rent, tax payments and property management. Both fuel and wallet exclusions took effect on 15 January 2026.
- Point expiry: Reward Points are valid for 36 months from the date of accrual. Points LAPSE ENTIRELY on card cancellation, and a redemption handling fee of ₹99 plus GST applies to each redemption request.
- Redemption fee: ₹99 per redemption.
- Essentials cap: 400 PAYBACK Points a statement cycle on daily essentials — ₹100 of value, binding at just ₹2,000 of qualifying spend a month.
- Fuel cap: ₹200 a month of fuel value back at HPCL outlets.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹500 + GST |
| Renewal fee | ₹500 + GST |
| Finance charges | 3.75% per month (45% per annum) on extended credit and cash advances. |
| Interest-free period | Up to 48 days from the date of purchase, only when the previous balance is paid in full. |
| Minimum amount due | 5% of the total amount due, subject to a minimum of ₹100, plus any EMI, fees, charges and over-limit amount. |
| Cash advance fee | 2.5% of the amount withdrawn, subject to a minimum of ₹500. |
| Cash advance interest | 3.75% per month (45% per annum), charged from the date of withdrawal with no interest-free period. |
| Forex markup | 3.5% of the transaction amount. |
| Dynamic currency conversion | 1% of the transaction amount, applied to transactions billed in Indian rupees at international locations or at merchants in India registered abroad. |
| Late payment | Graduated by total amount due: nil up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹900 for ₹10,001–₹25,000; ₹1,000 for ₹25,001–₹50,000; ₹1,200 above ₹50,000. Revised 15 November 2024. |
| Overlimit | 2.5% of the over-limit amount, subject to a minimum of ₹500. |
| Payment return | 2% of the total amount due, minimum ₹500, for a returned cheque or a failed auto-debit. An additional ₹50 plus GST is debited. |
| Rent payment | 1% of the transaction amount on rent payments (MCC 6513), w.e.f. 15 November 2024. |
| Wallet load | 1% of the transaction amount on wallet loads of ₹5,000 or more (MCC 6540), w.e.f. 15 January 2026. |
| Utility payments | 1% of the transaction amount on utility payments exceeding ₹50,000 (MCC 4899, 4900, 4901, 4814, 4821), w.e.f. 15 November 2024. |
| Education payments | 1% of the transaction amount on education payments made through third-party apps, w.e.f. 15 November 2024. Paying an institution directly is exempt. |
| Fuel transactions | 1% of the transaction amount on fuel transactions exceeding ₹10,000, w.e.f. 15 November 2024. |
| Online skill-based gaming | 2% of the transaction amount on skill-based gaming transactions (MCC 5816), w.e.f. 15 January 2026. |
| Card replacement | ₹100 per replacement card. |
| Add-on card | ₹3,500 one-time for each new add-on card issued on or after 15 January 2026. Add-on cards issued before that date carry no fee. |
| Reward redemption | ₹99 plus GST per redemption request under the ICICI Bank Rewards scheme and for Mine Cash statement-credit redemptions; ₹25 for catalogue-based redemptions. |
| EMI processing | 2.99% of the transaction amount, capped at ₹299 plus 18% GST, on all Instant EMI transactions w.e.f. 1 September 2025. |
| GST | 18% on all fees, interest and charges. |
Is the ICICI Bank HPCL Super Saver Credit Card Worth It?
The 400-point essentials cap is very tight. At 20 points per ₹100 it fills at ₹2,000 of daily-essential spend a month — ₹100 of value. Most households pass ₹2,000 in a single grocery trip, so the 5% headline applies to a very thin slice.
The fuel band caps at ₹200 a month, so the maximum combined accelerated benefit is about ₹300 a month — ₹3,600 a year against a ₹500 fee. Positive, but far from what '5%' suggests.
Fuel still earns on this card, which from 15 January 2026 is unusual — ICICI stopped paying on fuel across most of its range that day.
PAYBACK Points have no published rupee rate either, so the ₹0.25 used here is an inference on an inference.
Milestone and welcome benefits are released only after the fee has actually been paid — a waived fee forfeits them. Rent, government and education spends count toward neither the fee waiver nor the milestones.
Frequently Asked Questions (FAQs)
What is the HPCL Super Saver earn rate? 20 PAYBACK Points per ₹100 on daily essentials — 5% at the ₹0.25 working valuation, capped at 400 points a statement cycle — 1.5% value back on HPCL fuel capped at ₹200 a month, and 2 PAYBACK Points per ₹100 on retail.
How tight is the essentials cap? Very. 400 PAYBACK Points a cycle fills at just ₹2,000 of qualifying spend a month, worth about ₹100.
What is a PAYBACK Point worth? No rupee rate is published. ₹0.25 is carried across from the ICICI Reward Point working figure, which is itself unpublished — treat it as a rough indication only.
Does this card still earn on fuel? Yes, through the HP Pay app, capped at ₹200 a month. ICICI stopped paying rewards on fuel across most of its range from 15 January 2026.
Is there a fee waiver? Yes, at ₹1.5 lakh of annual spend.
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