Banks in India Indian Banks » CREDIT CARD REVIEW » ICICI Bank HPCL Visa Card

ICICI Bank HPCL Visa Card

ICICI Bank and HPCL Launch Co-branded Visa Credit Cards

ICICI Bank Limited (NYSE: IBN), one of India’s leading new private sector banks and Hindustan Petroleum Corporation Ltd., India’s second largest integrated oil refining and marketing company, today announced a tie-up to launch co-branded credit cards.

An ICICI Bank – HPCL Credit Card will have the following features:

  • Reward Points: 2 speed’o'miles reward points for every Rs.125 spent at HPCL & HP Speedmart outlets. The 2 points are equivalent to Rs.2/-. These points can be redeemed for free fuel at select HPCL outlets. For all other transactions the card user gets 1 speed’o'mile reward point for every Rs.100 spent on the card. These points can also be redeemed for free fuel at select HPCL outlets.
  • Draft-On-Phone: a card-member can call the 24-hour customer call center and request a demand draft up to his available cash limit, favoring any company or individual at places where credit cards are not accepted. The draft would be delivered at the card member’s mailing address.
  • Relationship Pricing: as cardholders, these customers will be eligible for special relationship price on the suite of ICICI products such as Auto loans, personal loans etc.
  • Others: the customer will also be entitled to all other benefits of a ICICI Bank Credit Card such as utility bill payment facility, insurance related benefits, ‘infinity’ web based access, special discounts on domestic and international travel fares, global customer assistance services.

ICICI Bank HPCL Visa (International Credit Card)

Minimum Income Eligibility
Public Ltd./PSU (in Rs. p.a.)60000
Self – Employed (in Rs. p.a.)50000
Salaried (in Rs. p.a.)60000
Fee Details
Joining Fees (in Rs.)100
Annual Fees (in Rs. p.a.)600
Add-On Card Fees (in Rs. p.a.)300
Renewal Fees (in Rs. p.a.)600
Card Replacement Fee (in Rs.)100
Photo Card Fees (in Rs.)No Fee
Credit Details
Interest Rate (% p.m.)2.5
Effective Interest Rate Per Annum (in %)34.49
Maximum Credit50 days
Minimum Payment Due5 % of the total outstanding amount
Late Payment Charges15% of the minimum amount due subject to minimum of Rs. 75 and a maximum of Rs. 500
Cash Advance Details
Transaction Fee2.5 % (Min Rs. 100)
Interest Rate (% p.m.)2.5
Cash Advance Limit (in Rs.)Can withdraw cash upto 30% of the credit limit subject to a maximum of Rs. 15,000 per day
Merchant outlets1,10,000
ATM Oulets In India1000
ATM Oulets Outside India5,00,000
Designated Branches0
Lost Card Liability
Before reporting lossRs. 2,500
After reporting lossNo Charge
Air accident Cover (in Rs.)600000
General Accident Cover (in Rs.)200000
Add-On Card Cover (in Rs.)No Cover
Baggage Cover (in Rs.)No Cover
Credit Shield on death (in Rs.)25000
Purchase Protection Cover (in Rs.)20000
Special Features1. Special refund of the 2.5% surcharge on fuel purchases at select HPCL petrol pumps. 2. For every Rs.125/- that is spent at HPCL Petrol Pumps or at HP Speedmarts you earn 2 Speedomiles and for purchases made elsewhere you earn 1 Speedomile for every Rs.100/- spent, which can be reedemed against Free Fuel at select HPCL Petrol Pumps. 3. 15% discount on P.U.C. check and labour charges on servicing and minor repairs at select HPCL Petrol Pumps. 4. 5% discount on MRF tyres, Exide batteries and MICO accessories.
Additional InfoBalance Transfer facility @ 1.75% pm


{ 1 comment… read it below or add one }

Nrupesh May 9, 2008 at 12:58 pm

Pls. do Inquirty

Previous post:

Next post: