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HPCL BoB ENERGIE

HPCL BoB ENERGIE

 Card Details
Joining Fee: 

Renewal Fee: 

Card Type:

Reward Type:

Welcome Benefits:
0

Rewards & Benefits

Welcome Benefits

 On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.

Milestone Benefits

annual fee reversal on spending inr 1,00,000 on the card.

Cashback Rate

cashback rate: 1. cashback rate: 1. cashback rate: 0.

Lounge Access

0

Movie Benefits

8

Dining Benefits

Other Benefits

reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.

Fees & Charges

Joining Fee

 On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.

Annual Fee

annual fee reversal on spending inr 1,00,000 on the card.

Cash Advance Fee

cashback rate: 1. cashback rate: 1. cashback rate: 0.

Interest rate

0

Late Payment Fee

8

Foreign Currency Transactions Fee

Other Fees

reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.

Cons
  • Fuel benefits are restricted only to HPCL outlets.

  • Higher rewards are offered only on fuel transactions.

  • Low reward redemption value.

  • Maximum capping on earning reward points.

  • Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.  2000 Bonus reward points on spending ₹5,000 or more in the first 60 days of issuance.

  • Reward System: The value of 1 reward point = INR 0.25. Users will get 10 reward points for every ₹150 spent on grocery and departmental stores. Effective cashback rate: 1.67%. 24 reward points for every Rs.150. Effective cashback rate = 4% + 1% Fuel surcharge = 5%. 10 RP and 24 RP are subject to a maximum of 1,000 reward points each per month, any spends on 10 RP and 24 RP spend categories beyond threshold spends will accrue points as per the regular rate.  

  • Other Benefits: 4 lounge access per year (1 per quarter) at partner domestic lounges for Primary cardholders, 25% off up to ₹100 on the purchase of a minimum of 2 tickets per transaction on Paytm. 

Rewards & Benifits
Welcome Benefits
  • Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance. 2000 Bonus reward points on spending ₹5,000 or more in the first 60 days of issuance.

Rewards System

The value of 1 reward point = INR 0.25. Users will get 10 reward points for every ₹150 spent on grocery and departmental stores. Effective cashback rate: 1.67%. 24 reward points for every Rs.150. Effective cashback rate = 4% + 1% Fuel surcharge = 5%. 10 RP and 24 RP are subject to maximum of 1,000 reward points each per month, any spends on 10 RP and 24 RP spend categories beyond threshold spends will accrue points as per regular rate.  

International Forex Markup
  • Foreign Currency Markup: 3.5% on all foreign transactions.

Welcome Benefits and Reward System
Special Features

Up to 5% savings on your fuel transactions at HPCL outlets

Eligibility Criteria

Age Criteria: Primary Card Holder- 21 to 65 years old ; Add-on Cardholder- above 18 years old
Minimum annual income of INR 3.60 Lakhs for salaried individuals and minimum annual income of INR 4.80 Lakhs for self-employed individuals
Resident of India

Benefits
  • High rewards on fuel transactions.

  • Welcome bonus.

  • Additional reward points.

  • Free movie ticket access.

  • Free movie tickets.

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  1. Eligibility Check: Ensure you meet the minimum age (21 years) and income criteria (varies depending on the card variant).

  2. Choose Your Variant: HPCL BoB ENERGIE comes in two variants with different annual fees and welcome bonuses. Choose the one that best suits your spending habits.

  3. Apply Online: Apply online through the Bank of Baroda website or HPCL website. Submit basic information, income documents, and proof of address.

  4. Document Verification: Bank of Baroda will verify your documents and credit score.

  5. Card Approval: If approved, you'll receive your HPCL BoB ENERGIE Credit Card within 7-10 business days.

Contact Details

Toll free no.: 1800 225 100
Email: crm@bobfinancial.com

Account Opening and Procedure

Recommended Credit Cards

Pros:-

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Cons:-

  • Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.  2000 Bonus reward points on spending ₹5,000 or more in the first 60 days of issuance.

  • Reward System: The value of 1 reward point = INR 0.25. Users will get 10 reward points for every ₹150 spent on grocery and departmental stores. Effective cashback rate: 1.67%. 24 reward points for every Rs.150. Effective cashback rate = 4% + 1% Fuel surcharge = 5%. 10 RP and 24 RP are subject to a maximum of 1,000 reward points each per month, any spends on 10 RP and 24 RP spend categories beyond threshold spends will accrue points as per the regular rate.  

  • Other Benefits: 4 lounge access per year (1 per quarter) at partner domestic lounges for Primary cardholders, 25% off up to ₹100 on the purchase of a minimum of 2 tickets per transaction on Paytm. 

  • Fuel benefits are restricted only to HPCL outlets.

  • Higher rewards are offered only on fuel transactions.

  • Low reward redemption value.

  • Maximum capping on earning reward points.

The HPCL BoB ENERGIE Credit Card is a great option for HPCL pump regulars who drive frequently and want to maximize their fuel savings. The high cashback rate on HPCL fuel, welcome bonus, potential fee waiver, and other benefits offer significant value for this specific spending pattern. However, the limited scope, lower cashback on other categories, network limitation, limited redemption options, and lower point value might discourage those with diverse spending habits, seeking higher cashback on other categories, wider network coverage, or unique redemption options.

HPCL BoB ENERGIE

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • First Year Fee: INR 499 

  • Annual Fe: INR 499* *The annual fee will be waived if you spend Rs.50,000 in the preceding year.

  • Interest Rate- 3.49% p.m. (41.88% p.a.)

  • Cash Advance Charges: 2.5% of the amount or Rs. 500, which ever is higher.

  • Foreign Currency Markup: 3.5% on all foreign transactions.

  • Rewards Redemption Fee: Nil

Fuel Surcharge

1% on all HPCL fuel transactions including fuel purchases made on HP Pay App (capped at ₹100 per statement per credit card account)

Billing Cycle

30 Days

Fees & Charges
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