Experience Rewards and Benefits with HPCL Coral Credit Card

Dayaram Dangal May 12, 2023 Bank, CIBIL Score, Credit, Credit Card, Finance Leave a comment

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HPCL Coral Credit Card (Hindustan Petroleum Corporation Limited) Coral Credit Card is a co-branded credit card that is issued by SBI (State Bank of India) in partnership with HPCL. This credit card offers a range of benefits to its users, such as fuel surcharge waiver, reward points, cashback, and more. In this article, we will take a detailed look at the features and benefits of the HPCL Coral Credit Card.

Features of HPCL Coral Credit Card:

The HPCL Coral Credit Card is a co-branded credit card that is accepted at all HPCL petrol pumps across the country.
Cardholders can enjoy a fuel surcharge waiver of 1% on transactions up to Rs. 4,000 made at HPCL petrol pumps.
The card also offers rewards points on fuel transactions and other purchases made using the card.
The reward points earned can be redeemed for fuel purchases or other products and services offered by HPCL.
The card comes with a contactless payment feature that allows users to make quick and secure transactions without entering their PIN.
The card also offers a free accidental insurance cover of up to Rs. 50 lakh to its users.
The card has a validity of 5 years.

Benefits of HPCL Coral Credit Card:

Fuel Surcharge Waiver: The HPCL Coral Credit Card offers a fuel surcharge waiver of 1% on transactions up to Rs. 4,000 made at HPCL petrol pumps. This can result in significant savings on fuel expenses for regular users.
Reward Points: The card offers reward points on all transactions made using the card. Cardholders can earn 2 reward points for every Rs. 150 spent on fuel purchases at HPCL petrol pumps and 1 reward point for every Rs. 150 spent on other transactions. These reward points can be redeemed for fuel purchases or other products and services offered by HPCL.
Cashback: The card also offers cashback on select purchases made using the card. Cardholders can get a 2.5% cashback on all fuel purchases made using the card at HPCL petrol pumps.
Contactless Payments: The card comes with a contactless payment feature that allows users to make quick and secure transactions without entering their PIN. This feature is especially useful for small transactions where entering the PIN can be time-consuming.
Free Accidental Insurance Cover: The card offers a free accidental insurance cover of up to Rs. 50 lakh to its users. This can provide cardholders with financial protection in case of an unfortunate event.

Fees and Charges:

The following table lists the fees and charges associated with the HPCL Coral Credit Card:

Fees and Charges	Amount
Joining Fee	Rs. 499 + applicable taxes
Annual Fee	Rs. 499 + applicable taxes (waived for the
	first year if the card is used to make at
	least one transaction within 90 days of
	card activation)
Finance Charges	3.35% per month
Late Payment Fee	Up to Rs. 950
Over Limit Fee	2.5% of the over limit amount or a minimum of
	Rs. 500
Cash Advance Fee	2.5% of the transaction amount or a minimum
	of Rs. 300
Foreign Currency Markup	3.5% of the transaction amount

Conclusion:

The HPCL Coral Credit Card is a co-branded credit card that offers a range of benefits to its users, such as fuel surcharge waiver , reward points, cashback, and more. With a low joining fee and annual fee (waived for the first year), this credit card is an affordable option for frequent HPCL customers. The card also comes with a free accidental insurance cover of up to Rs. 50 lakh, which can provide cardholders with financial protection in case of an unfortunate event. Overall, the HPCL Coral Credit Card is a great option for those looking to save on fuel expenses and earn rewards points on their purchases.

FAQs

Here are some frequently asked questions (FAQs) about the HPCL Coral Credit Card:

What is the eligibility criteria for the HPCL Coral Credit Card?

The eligibility criteria for the HPCL Coral Credit Card varies based on the issuing bank (SBI). Generally, the applicant should be a resident of India and have a good credit score. Some other factors such as income, age, and employment status may also be considered.

Can I use the HPCL Coral Credit Card at other petrol pumps?

The HPCL Coral Credit Card is specifically designed for use at HPCL petrol pumps. While the card may be accepted at other petrol pumps, it may not offer the same benefits as it does at HPCL petrol pumps.

How do I redeem my reward points earned on the HPCL Coral Credit Card?

The reward points earned on the HPCL Coral Credit Card can be redeemed for fuel purchases or other products and services offered by HPCL. To redeem the reward points, the cardholder can visit the HPCL website or mobile app and follow the redemption process.

Is there a limit on the fuel surcharge waiver offered by the HPCL Coral Credit Card?

Yes, the fuel surcharge waiver offered by the HPCL Coral Credit Card is limited to 1% on transactions up to Rs. 4,000 made at HPCL petrol pumps.

Is there an annual fee for the HPCL Coral Credit Card?

Yes, there is an annual fee of Rs. 499 + applicable taxes for the HPCL Coral Credit Card. However, the annual fee is waived for the first year if the card is used to make at least one transaction within 90 days of card activation.