Get the HPCL BoB Credit Card and enjoy fuel rewards, dining discounts, secure transactions, and flexible payment options. Apply now for exclusive benefits!
Table of Contents
Introduction
The HPCL BoB Credit Card is a co-branded offering from Hindustan Petroleum Corporation Limited (HPCL) and Bank of Baroda (BoB), specifically designed for individuals who frequently spend on fuel and everyday expenses.
This card provides exceptional value through features such as cashback on fuel purchases at HPCL outlets, accelerated reward points on specific spending categories, and a fuel surcharge waiver. Additionally, users benefit from contactless payment options, easy EMI conversions, and discounts on dining and shopping, making it a well-rounded financial tool.
Key Features of the HPCL BoB Credit Card
Fuel Savings
Enjoy cashback and reward points on fuel purchases made at HPCL outlets, along with a fuel surcharge waiver for added savings.
Accelerated Reward Points
Earn higher reward points on spending in categories like dining, groceries, and utility bill payments.
Welcome Benefits
Attractive joining perks such as bonus reward points or vouchers, subject to terms and conditions.
Contactless Payments
Enables secure and fast transactions with tap-and-go technology.
EMI Conversion
Convert high-value transactions into affordable monthly installments.
Dining Discounts
Exclusive deals and discounts at partner restaurants to elevate your dining experience.
Annual Fee Waiver
Spend above a specified threshold to get the annual fee waived.
Worldwide Acceptance
Use the card for payments across a wide range of domestic and international merchants.
Benefits of the HPCL BoB Credit Card
Significant Fuel Savings
Enjoy cashback and reward points on fuel transactions at HPCL outlets, reducing your overall fuel expenses.
Rewarding Lifestyle Spending
Earn accelerated reward points on categories like dining, grocery shopping, and utility bill payments, turning everyday purchases into valuable rewards.
Financial Flexibility
Leverage easy EMI conversion for high-value transactions, making big purchases more manageable.
Dining Privileges
Avail exclusive discounts and deals at partner restaurants, enhancing your dining experience while saving money.
Annual Fee Waiver
Spend beyond a specified threshold to qualify for a waiver on the annual fee, making the card cost-effective.
Secure Transactions
Benefit from advanced security features, including contactless payment technology and fraud protection.
Global Acceptance
The card is widely accepted across domestic and international merchants, ensuring hassle-free transactions anywhere in the world.
How the Reward Points System Works
Earning Reward Points
The HPCL BoB Credit Card allows you to earn reward points on various transactions:
- Fuel Purchases: Earn accelerated reward points for every fuel transaction at HPCL outlets.
- Lifestyle Spending: Higher reward points for spending on categories like dining, groceries, and utilities.
- Other Transactions: Standard reward points on all other eligible transactions.
Redeeming Reward Points
Redeem your accumulated reward points for a variety of benefits:
- Fuel Purchases: Use points to offset the cost of fuel at HPCL outlets.
- Shopping and Vouchers: Exchange points for gift vouchers, products, or services from partner merchants.
- Bill Payments: Apply points to reduce your utility or credit card bill.
Key Highlights
- Reward points earned have a validity period, so redeem them before they expire.
- Redemption options may vary based on the issuer’s reward catalog.
- Certain transactions, such as cash withdrawals or fees, may not qualify for reward points.
Fees and Charges Associated with the HPCL BoB Credit Card
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹499 (plus applicable taxes) |
| Annual/Renewal Fee | ₹499 (plus applicable taxes) |
| Annual Fee Waiver | Waived upon spending ₹50,000 or more in the preceding year |
| Finance Charges | 3.49% per month (41.88% per annum) on outstanding balances |
| Cash Advance Fee | 2.5% of the transaction amount or ₹500, whichever is higher |
| Foreign Currency Markup | 3.5% of the transaction amount |
| Late Payment Charges | – Up to ₹100: Nil |
| – ₹101 to ₹500: ₹100 | |
| – ₹501 to ₹1,000: ₹400 | |
| – ₹1,001 to ₹10,000: ₹750 | |
| – ₹10,001 to ₹25,000: ₹950 | |
| – ₹25,001 to ₹50,000: ₹1,100 | |
| – Above ₹50,000: ₹1,300 | |
| Overlimit Fee | 2.5% of the over-limit amount or ₹600, whichever is higher |
| Cheque Return Charges | 2% of the cheque amount or ₹450, whichever is higher |
| Card Replacement Fee | ₹100 per card |
| Reward Redemption Fee | Nil |
Eligibility and Application Process for the HPCL BoB Credit Card
Eligibility Criteria
To apply for the HPCL BoB Credit Card, applicants need to meet certain eligibility requirements:
- Age: The applicant must be between 21 to 60 years of age.
- Income: The applicant must have a stable source of income (either salaried or self-employed) with a minimum monthly income of ₹25,000 (may vary based on location).
- Credit Score: A good credit score (typically 750 or above) is recommended to increase the chances of approval.
- Residence: The applicant must be a resident of India and have a valid address proof.
- Employment: For salaried individuals, the minimum work experience requirement is generally 1 year. For self-employed individuals, business continuity for at least 2 years is often required.
Application Process
The application process for the HPCL BoB Credit Card is simple and can be done online or offline:
Online Application
- Visit the official Bank of Baroda website or a trusted financial services platform.
- Select the HPCL BoB Credit Card option.
- Fill in the application form with the required personal and financial details.
- Upload supporting documents such as proof of identity, proof of address, and income proof.
- Submit the form and wait for verification and approval.
- Upon approval, the credit card will be issued and delivered to your registered address.
Offline Application
- Visit the nearest Bank of Baroda branch.
- Request the application form for the HPCL BoB Credit Card.
- Fill out the form and submit it along with the required documents.
- The bank will process the application, and once approved, the credit card will be sent to your address.
Applicants are required to provide necessary documents such as:
- Identity Proof: Aadhar card, passport, voter ID, etc.
- Address Proof: Utility bills, rent agreement, passport, etc.
- Income Proof: Salary slips, bank statements, ITR (Income Tax Return) copies, etc.
Tips to Maximize Benefits of the HPCL BoB Credit Card
Use the Card for Fuel Purchases
Maximize the cashback and reward points by using the HPCL BoB Credit Card for all fuel transactions at HPCL outlets. This will help you accumulate rewards quickly and reduce your fuel expenses through cashback.
Take Advantage of Reward Categories
Earn accelerated reward points by using your card for dining, groceries, and utility bill payments. Focus on these categories to boost your points accumulation.
Redeem Reward Points Wisely
Keep track of your accumulated points and redeem them for high-value benefits like fuel discounts or shopping vouchers. Use them before they expire to ensure you don’t lose any rewards.
Pay on Time to Avoid Late Fees
Ensure timely payments to avoid finance charges and late payment fees. Set up reminders or automate payments to stay on top of your due dates and maintain a healthy credit score.
Take Advantage of Dining Discounts
Make use of the exclusive dining offers available with your card. This can help you save money on meals at partner restaurants, allowing you to enjoy dining benefits without extra costs.
Use EMI Conversion for Large Purchases
If you make a significant purchase, consider converting it into manageable monthly installments through EMI conversion. This feature can help you manage your expenses without burdening your finances.
Waive the Annual Fee
Spend ₹50,000 or more annually to get the annual fee waived, making the card more cost-effective. This will allow you to enjoy all benefits without the recurring cost.
Track Your Spending and Rewards
Monitor your spending regularly and ensure you’re earning the maximum reward points for eligible categories. Use the Bank of Baroda’s mobile app or online portal to track your rewards balance.
Customer Reviews and Experiences of the HPCL BoB Credit Card
Positive Reviews
- Fuel Savings: Many customers appreciate the cashback and reward points on fuel purchases at HPCL outlets. This is especially beneficial for individuals who drive frequently, as it helps them save significantly on fuel costs.
- Rewards on Lifestyle Spending: Users have highlighted the accelerated reward points on dining, groceries, and utility payments. This makes everyday spending more rewarding, turning routine transactions into valuable rewards.
- Easy EMI Options: Several customers find the EMI conversion feature useful for managing large purchases. This flexibility is appreciated, as it allows them to pay in installments without straining their finances.
- Dining Discounts: Customers who frequently dine out enjoy the exclusive discounts offered at partner restaurants, which adds extra value to the card beyond fuel and general purchases.
Constructive Feedback
- High Interest Rates: Some users have pointed out that the finance charges and interest rates on outstanding balances can be high, which may affect the cost-effectiveness of the card if not paid off in full each month.
- Annual Fee: A few customers have mentioned the annual fee as a downside, though they appreciate that spending ₹50,000 annually can waive it. This requires careful spending to make the card more economical.
- Customer Support: Some users have expressed concerns regarding the responsiveness of customer support in resolving issues or addressing queries. A faster response time is something many customers would like to see improved.
Comparing HPCL BoB Credit Card with Competitors
When choosing a credit card, it’s important to compare the features, rewards, and costs to ensure you’re getting the best value. Here’s a comparison of the HPCL BoB Credit Card with some of its competitors in the market.
HPCL BoB Credit Card vs. Indian Oil Citi Credit Card
| Feature | HPCL BoB Credit Card | Indian Oil Citi Credit Card |
|---|---|---|
| Fuel Benefits | Cashback and reward points at HPCL outlets | Cashback on fuel purchases at Indian Oil outlets |
| Reward Points | Accelerated reward points on fuel, dining, groceries, utilities | Earn reward points on fuel and dining, with higher points on fuel |
| Annual Fee | ₹499 (waived on ₹50,000 annual spend) | ₹500 (waived on ₹30,000 annual spend) |
| EMI Conversion | Available for large purchases | Available for large purchases |
| Additional Benefits | Dining discounts, fuel surcharge waiver | Discounts on partner brands, free fuel worth ₹500 |
| Foreign Transaction Fee | 3.5% | 3.5% |
Comparison: Both cards offer strong fuel-related benefits, but the HPCL BoB Credit Card is more beneficial for those specifically using HPCL stations. The Indian Oil Citi Credit Card is better for those who frequent Indian Oil stations and seek benefits on fuel and shopping discounts.
HPCL BoB Credit Card vs. HDFC Bank Millennia Credit Card
| Feature | HPCL BoB Credit Card | HDFC Bank Millennia Credit Card |
|---|---|---|
| Fuel Benefits | Cashback and reward points at HPCL outlets | No direct fuel-related benefits |
| Reward Points | Earn points on dining, groceries, utilities, and fuel purchases | Earn points on online shopping, dining, and bill payments |
| Annual Fee | ₹499 (waived on ₹50,000 annual spend) | ₹1,000 (waived on ₹1,00,000 annual spend) |
| EMI Conversion | Available for large purchases | Available for large purchases |
| Additional Benefits | Dining discounts, fuel surcharge waiver | 5% cashback on online shopping, discounts on select brands |
| Foreign Transaction Fee | 3.5% | 3.5% |
Comparison: The HPCL BoB Credit Card is more suited for those looking to maximize fuel-related benefits, while the HDFC Bank Millennia Credit Card focuses on online shopping and dining. The latter has a higher annual fee but offers valuable cashback for online shoppers.
HPCL BoB Credit Card vs. SBI Card Prime
| Feature | HPCL BoB Credit Card | SBI Card Prime |
|---|---|---|
| Fuel Benefits | Cashback and reward points at HPCL outlets | 1.25% cashback on fuel transactions at all fuel stations |
| Reward Points | Accelerated points on dining, groceries, and utilities | 2 reward points per ₹100 spent on dining, groceries, and movies |
| Annual Fee | ₹499 (waived on ₹50,000 annual spend) | ₹2,999 (waived on ₹1,00,000 annual spend) |
| EMI Conversion | Available for large purchases | Available for large purchases |
| Additional Benefits | Dining discounts, fuel surcharge waiver | 10% cashback on movie and dining spends, lounge access at airports |
| Foreign Transaction Fee | 3.5% | 3.5% |
Comparison: The SBI Card Prime offers higher cashback on various spending categories, but it comes with a higher annual fee. It’s ideal for frequent moviegoers and travelers. The HPCL BoB Credit Card, on the other hand, provides stronger fuel-related benefits with a lower annual fee.
Security Features of the HPCL BoB Credit Card
The HPCL BoB Credit Card comes with several security features designed to protect users’ financial information and prevent unauthorized transactions. These features ensure a secure and convenient payment experience for cardholders.
EMV Chip Technology
The HPCL BoB Credit Card is equipped with an EMV chip, which adds an extra layer of security by making it harder for fraudsters to clone your card. The chip generates a unique transaction code for every purchase, making it more difficult to counterfeit or replicate.
Two-Factor Authentication (2FA)
For online transactions, the HPCL BoB Credit Card employs Two-Factor Authentication (2FA) to ensure that only the cardholder can authorize a payment. This typically involves sending an OTP (One-Time Password) to your registered mobile number, adding a layer of security against unauthorized online purchases.
Real-Time Alerts
Cardholders receive real-time alerts for every transaction made using the card, including purchases, payments, and balance changes. These alerts help quickly identify any unauthorized transactions and take immediate action.
Fraud Detection System
Bank of Baroda employs advanced fraud detection systems that monitor transactions in real time. If any suspicious activity is detected, the bank may block the card temporarily and alert the cardholder to confirm if the transaction is legitimate.
Contactless Payments
The HPCL BoB Credit Card supports contactless payments, which are secure and easy to use for small transactions. These payments are protected by encryption and tokenization, ensuring that card details are never transmitted during the transaction process.
Secure Online Transactions with Verified by Visa/Mastercard SecureCode
For online purchases, the card uses the Verified by Visa or Mastercard SecureCode service (depending on the card network). This adds an additional password layer during online shopping, protecting cardholders from unauthorized online transactions.
Card Blocking Facility
In case of loss or theft, the cardholder can immediately block the card by contacting the Bank of Baroda customer service or using the mobile banking app. This prevents unauthorized transactions from being processed.
PIN Protection
To make in-person transactions more secure, the HPCL BoB Credit Card requires a Personal Identification Number (PIN). This PIN ensures that only the cardholder can authorize purchases at point-of-sale (POS) terminals, providing an added layer of security.
Managing the HPCL BoB Credit Card
Efficiently managing your HPCL BoB Credit Card can help you maximize its benefits, avoid unnecessary fees, and maintain a healthy credit score. Here are some key strategies for managing your card effectively.
Monitor Your Spending Regularly
Keep track of your expenses to avoid overspending and ensure you’re earning maximum reward points. Use the Bank of Baroda mobile app or online banking to regularly check your balance, transactions, and reward points. This helps you stay on top of your spending habits and avoid exceeding your credit limit.
Make Timely Payments
To avoid late fees and high interest charges, always make your credit card payments on time. Set up reminders or automate payments if necessary to ensure you never miss a due date. Paying at least the minimum amount due each month will also help protect your credit score.
Pay Your Bill in Full
Whenever possible, try to pay your entire credit card balance in full to avoid paying interest on your purchases. Carrying a balance from one month to the next can result in high-interest charges, especially if the balance is large.
Use Your Card for Eligible Purchases
Maximize the benefits of the HPCL BoB Credit Card by using it for fuel purchases at HPCL outlets and in the reward categories like dining, groceries, and utility bill payments. This will help you accumulate reward points faster and take full advantage of the card’s offerings.
Take Advantage of EMI Conversion
If you have large purchases, consider using the EMI conversion option. This allows you to break up payments into smaller, more manageable installments with lower interest rates, reducing the burden of large bills.
Redeem Your Reward Points
Keep track of your accumulated reward points and redeem them before they expire. You can redeem points for fuel discounts, shopping vouchers, or other rewards. Ensure you use your points for maximum value and avoid letting them go unused.
Avoid Unnecessary Fees
Be mindful of potential fees such as late payment fees, over-limit fees, or foreign transaction fees. Understanding the fees associated with your card and avoiding actions that could trigger these charges will help you keep your card costs low.
Set Up Alerts
Set up transaction alerts to receive notifications for each purchase made with your card. This helps you monitor your spending, detect any unauthorized transactions quickly, and stay on top of your card activity.
Protect Your Card
If your card is lost or stolen, report it immediately to Bank of Baroda customer service to block the card and prevent unauthorized transactions. You can also easily block or manage your card through the mobile banking app.
Conclusion
The HPCL BoB Credit Card offers a compelling set of features, making it an excellent choice for those who frequently fuel up at HPCL outlets and seek rewards on their everyday spending. With benefits like cashback on fuel, accelerated reward points on dining, groceries, and utilities, along with flexible EMI options, this card provides great value for cardholders. Its security features, such as EMV chip technology, two-factor authentication, and real-time alerts, ensure a safe and secure experience.
While the card comes with a modest annual fee, which can be waived with eligible spending, it delivers excellent rewards for fuel and lifestyle purchases. Whether you’re looking to save on fuel costs, earn rewards on daily transactions, or take advantage of dining and shopping discounts, the HPCL BoB Credit Card is a great option for maximizing your spending potential.
FAQs About HPCL BoB Credit Card
What are the main benefits of the HPCL BoB Credit Card?
The HPCL BoB Credit Card offers benefits such as cashback and reward points on fuel purchases at HPCL outlets, accelerated rewards on dining, groceries, and utility bill payments, along with exclusive dining discounts. The card also offers EMI conversion options for large purchases.
How can I earn reward points with the HPCL BoB Credit Card?
You can earn reward points by making purchases at HPCL outlets for fuel, as well as on dining, groceries, utility bill payments, and other eligible transactions. Points accumulate faster in these categories, allowing you to redeem them for various rewards.
What is the annual fee for the HPCL BoB Credit Card?
The annual fee for the HPCL BoB Credit Card is ₹499, which can be waived if you spend ₹50,000 or more annually. This provides flexibility to cardholders who use the card regularly.
How can I redeem my reward points?
Reward points can be redeemed for a variety of rewards, including fuel discounts, shopping vouchers, and more. You can check your reward balance and redeem points through Bank of Baroda’s online banking portal or mobile app.
Is there a limit on how much reward points I can earn?
There is no specific cap on the number of reward points you can earn. However, points are earned based on eligible purchases, and you should aim to make the most of the categories that offer accelerated rewards, such as fuel, dining, and groceries.
What security features are included with the HPCL BoB Credit Card?
The HPCL BoB Credit Card includes EMV chip technology for secure in-person transactions, two-factor authentication (2FA) for online purchases, real-time transaction alerts, fraud detection systems, and PIN protection for added security.
How do I block my card if it is lost or stolen?
In case your HPCL BoB Credit Card is lost or stolen, you can immediately block it by contacting Bank of Baroda customer service or by using the mobile banking app to ensure no unauthorized transactions occur.
Can I convert my purchases into EMIs?
Yes, the HPCL BoB Credit Card offers an EMI conversion facility for large purchases. You can convert eligible transactions into monthly installments, making it easier to manage big-ticket expenses.
Are there any foreign transaction fees with the HPCL BoB Credit Card?
Yes, there is a foreign transaction fee of 3.5% on all transactions made outside India. Be mindful of this when using the card for international purchases.
How can I check my HPCL BoB Credit Card balance?
You can check your card balance, view transactions, and track your reward points through Bank of Baroda’s mobile banking app, online banking, or by calling customer service.
Can I use the HPCL BoB Credit Card for international purchases?
Yes, the HPCL BoB Credit Card can be used for international transactions. However, foreign transaction fees will apply, so it’s important to consider this when making purchases abroad.
How do I apply for the HPCL BoB Credit Card?
You can apply for the HPCL BoB Credit Card through the Bank of Baroda website, mobile banking app, or by visiting a branch. The application process typically requires basic KYC documents and income proof.
How can I contact customer service for issues related to my HPCL BoB Credit Card?
You can contact Bank of Baroda’s customer service through their helpline number, email, or by visiting your nearest branch. You can also use the mobile banking app for quick access to support.
Is there a grace period for paying the HPCL BoB Credit Card bill?
Yes, there is a grace period for bill payments, typically around 20-30 days from the statement date. If you pay the full outstanding balance within this period, you will avoid interest charges.
What happens if I miss the payment due date for my HPCL BoB Credit Card?
If you miss the payment due date, you may incur a late payment fee and interest charges on the outstanding balance. It’s crucial to make timely payments to avoid additional fees and negatively impacting your credit score.
Can I transfer my outstanding balance from other cards to the HPCL BoB Credit Card?
Yes, Bank of Baroda offers a balance transfer facility. You can transfer outstanding balances from other credit cards to your HPCL BoB Credit Card at lower interest rates, but you should be aware of associated fees and terms.
How can I increase my credit limit on the HPCL BoB Credit Card?
You can request an increase in your credit limit by contacting Bank of Baroda customer service or through online banking. The bank may require you to provide income proof and assess your creditworthiness before approving the limit increase.
Does the HPCL BoB Credit Card offer any insurance benefits?
Yes, the HPCL BoB Credit Card provides certain insurance benefits, including coverage for personal accidents and travel-related incidents. It’s best to check the specific insurance coverage details provided with the card.
By Paisainvests
