By: OurMoneyGuide || Last updated on: April 23, 2024
The HPCL Bank of Baroda ENERGIE Credit Card is a partnership between two leading organisations, Hindustan Petroleum Corporation Limited (HPCL) and Bank of Baroda (BOB). This co-branded fuel card provides attractive incentives on fuel expenditure. It also provides lifestyle benefits like free domestic airport lounge access.
Best for those who spend upto ₹6250 on monthly fuel purchases, and are comfortable with being restricted only to HPCL (Hindustan Petroleum) fuel pumps. You get 6.50% benefit on your fuel purchases, including 1% fuel surcharge waiver.
You also get free visits to airport lounges in India – upto 4 times per year (maximum once per quarter).
The annual card spend target to get annual fee waiver from 2nd year onwards is low – ₹50,000. Moreover, 1st year annual fee is compensated by welcome benefits.
Fuel surcharge is applicable at all petrol stations
– Only on all fuel transactions between ₹400 and ₹5000, AND
– Only on fuel purchases upto ₹10,000 per month (since the maximum surcharge amount is restricted to ₹100 per card statement cycle)
This benefit is valid only on combined total purchases upto ₹15,000 per month, since you can earn a maximum of 1000 reward points at this accelerated rate.
You get free visits to airport lounges in India, 4 times per year (maximum one visit per calendar quarter).
To see the list of participating airport lounges and more information, please click here. Domestic airport lounge access is offered through the Rupay airport lounge program.
You get a 25% discount on movie ticket purchases up to ₹400 (since maximum discount is capped at ₹100), when you buy a minimum of two tickets.
If the tickets cost more than ₹400, you will get the maximum discount of ₹100, and your discount percentage will fall below 25%. For example, if the tickets cost ₹500, then your discount percentage will fall to 20%.
This offer can be availed up to 2 times per month.
Please click here, to see all available options to contact your card issuer.
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year joining fee | ₹499 | Welcome offer : You get 2000 rewards points worth ₹500, by spending ₹5000 or more within 60 days of receiving the card. (UPI spends do not qualify towards this spend based fee waiver). |
| Renewal fee from 2nd years onwards | ₹499 | Renewal fee offer : Annual fee is not charged from the 2nd year onwards, if minimum card spending in the previous year is ₹50,000 (UPI spends do not qualify towards this spend based fee waiver). Hence the card is virtually free, if you spend ₹50,000 or more each year |
| Total amount due | Late fee |
|---|---|
| Less than ₹100 | Nil |
| ₹100 to ₹500 | ₹100 |
| ₹501 to ₹1,000 | ₹400 |
| ₹1,001 to ₹10,000 | ₹750 |
| ₹10,001 to ₹25,000 | ₹950 |
| ₹25001 to ₹50,000 | ₹1100 |
| More than ₹50,000 | ₹1300 |
3.50% of the transaction value.
3.49% per month (41.88% per annum)
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – HPCL Bank Of Baroda Energie Credit Card Fees & Charges
| Age | – The primary cardholder must be between 21 and 65 years of age – The add-on cardholder must be over 18 years of age |
| Minimum income requirement | Salaried : ₹3.60 lakhs per year Self-employed : ₹4.80 lakhs per year |
| Credit score requirements | A minimum Cibil Score of 750 and above is preferably required. |
| Online application process | The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the BOB Financial website. You can also visit official website of BOB Financial and fill out the application form. Steps – 1. Complete the e-application 2. Aadhaar-based e-signature 3. Confirm with video KYC |
| Offline (face to face) application process | You can visit any of the nearest branches of the bank and talk to an executive regarding the process. |
| Approval timeline and process | The credit card decision would be generally communicated within 7-14 working days in most cases. In certain cases, it could take longer, especially if the bank wants more information and/or documents from you. |
| Application status tracking | You can also track your application here. |
| Required documents | – PAN Card photocopy – Current residence proof – Income documents – bank statement showing latest salary credit, income tax return of current financial year – 1 recent passport size photograph |
As you can see, your personal circumstances would dictate the best card for you.
When compared to other fuel credit cards, Bank of Baroda HPCL Energie Credit Card is a good fuel card option for those who spend about ₹6250 per month on fuel, and do not mind being restricted only to HPCL petrol pumps. On these spends one can not only get upto 6.50% rewards on HPCL fuel purchases, but these level of spends will also help you meet the annual renewal fee waiver target of ₹50,000 which will make this card virtually free.
This card also gives a decent reward rate of 1.66% on a wide range of spends of a typical household – utilities, grocery & department store, upto monthly spends of ₹15,000. Hence for those who do not want to pair BOB HPCL Credit Card with other best in category cards (like best cards for shopping, travel etc), this card can be a simple solution for a wide variety of needs. Else it can be a great companion card to other best in class category cards.
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