ICICI Bank
ICICI Bank HPCL Platinum Credit Card
Annual Fee
₹235₹199 + GSTBase Reward
2% points
Foreign Markup
3.50% on all foreign currency spends.
Product Highlights
- 2 Reward points per ₹100 spent on all retail purchases except fuel.
- 2.5% cashback on fuel purchases at HPCL pumps (maximum cashback of ₹100).
- Exclusive dining offers and a minimum discount of 15% on dining bills at partner restaurants with ICICI Bank Culinary Treats Program.
Category Rewards
fuel
2.5% CashBack at HPCL
2.5X
dining
Minimum 15% discount at partner restaurants
15X
Fee Waiver
The renewal fee can be waived on spending ₹50,000 or more in the preceding year.
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
HPCL
2.5% cashback at HPCL fuel pumps via ICICI Merchant Services(Cap ₹100/cycle)
Reward Calculator
Earns ₹590/year (net)
Modest gain. Solid hold if you like the perks.
₹13K
across all your buckets
3.3K
PAYBACK Reward Points
₹825
via standard · ₹0.25/pt
Effective rate
0.53%
Annual fee
₹235
Year 1 net
+₹590
Year 2+ net
+₹590
ongoing
Adjust your spend by reward bucket
2 bucketsReal Reward Ceiling
Headline %s are gated by caps. Here's how far each accelerator stretches before it falls back to the base rate.
2.5% cashback at HPCL fuel pumps via ICICI Merchant Services
Headline: 2.50% effective
₹100/cycle ÷ 2.50% = ₹4,000 eligible spend/cycle
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Rent payment surcharge
1%Charged on every rent transaction via CRED / NoBroker / Magicbricks / etc.
Wallet load surcharge
1%from Jan 2026Kicks in after ₹5,000 cumulative wallet loads/cycle (Paytm, PhonePe, Mobikwik)
Utility payment surcharge
1%Kicks in after ₹50,000 cumulative utility spends/cycle
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, rent, wallet, emi, cash advance, utility
Fuel surcharge waiver (good news)
2.5%Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
2 Reward points per ₹100 spent on all retail purchases except fuel. 2.5% cashback (up to ₹100) on fuel purchases at HPCL pumps when swiped through ICICI merchant services POS machines.
- 1 Reward Point = ₹0.25 for redemption against the card’s statement balance or gifts.
Benefits & Features
International: 2 complimentary airport lounge visits outside India. 2 complimentary airport lounge visits outside India and 2 spa sessions at selected airports in India every year through complimentary Dreamfolks membership.
Pros & Cons
Pros
- Low joining fee of ₹199
- 2.5% cashback on fuel purchases at HPCL
- Annual fee waiver on spending ₹50,000
Cons
- Cashback limited to HPCL fuel purchases
- No insurance benefits provided
Additional Info
Annual fee can be waived on spending ₹50,000 in the previous year.
Excluded Categories
Partner Merchants
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Fees & Charges
Eligibility
Networks
Fee Waiver
The renewal fee can be waived on spending ₹50,000 or more in the preceding year.