By: OurMoneyGuide || Last updated on: May 31, 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.

Brief Summary

Our Rating

4.25 / 5

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 requirement to get an annual fee waiver from 2nd year onwards is low – ₹50,000. Moreover, 1st year annual fee is compensated by welcome benefits.

Pros & Cons of HPCL Bank Of Baroda Energie Credit Card

Pros

  • Attractive reward of 6.50% on monthly fuel spends 
  • 1st year annual fee is compensated by joining benefits of ₹500. Annual fee from 2nd year onwards is waived off at ₹50,000 annual spend.
  • Complementary domestic airport lounge access – once per calendar quarter (4 times per year)
  • 25% discount at Paytm Movies
  • 3 lifetime free complimentary add-on cards for dependents above 18 – spouse, parents, siblings or kids above age 18

Cons

  • Accelerated fuel rewards are only available at HPCL outlets 
  • Not ideal for high fuel spenders – those spending much more than ₹ 6,250 per month on fuel

Features & Benefits of the HPCL Bank Of Baroda Energie Credit Card

6.50% special benefit on fuel (petrol, diesel and LPG) purchases

✔︎ 4% cashback on HPCL fuel purchases – on purchases upto ₹6250 per month

  • You earn 24 reward points worth ₹6, on every ₹150 you spend on HPCL fuel purchases (meaning 16 reward points worth ₹4 on every ₹100 purchase) = 4% benefit
  • 1 reward point = ₹0.25, and can be redeemed as cashback. Reward points are valid for 2 years.
  • This benefit is valid only on HPCL fuel purchases upto ₹6250 per month, since you can earn a maximum of 1000 reward points at this special rate.

✔︎ Additional rewards of 1.50% on HPCL fuel purchases, by paying through HP Pay App – on purchases upto ₹5000 per month

  • You earn 6 Payback points worth ₹1.50, on every ₹100 you spend on HPCL fuel purchases through the HP Pay App. You need to scan the QR code available at the HPCL pump with your HP Pay app, and then pay through the credit card payment gateway option with your HPCL Bank Of Baroda Energie Credit Card.
  • 1 Payback point = ₹0.25 or 25 paise, and can be redeemed at – zillionrewards.in (earlier was called Payback and now has been rebranded to zillionrewards).

✔︎ 1% fuel surcharge waiver – on purchases upto ₹10,000 per month

  • 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)

1.66% cashback on the following card spends – utilities || groceries || department stores

You earn 10 reward points worth ₹2.50, on every ₹150 you spend in these categories (meaning 6.66 reward points worth ₹1.66, on every ₹100 spent) - ₹1.66 benefit.

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.

1 reward point = ₹0.25, and can be redeemed as cashback. Reward points are valid for 2 years.

0.33% cashback on all other card spends, and on UPI spends

You earn 2 reward points on every ₹150 you spend in this category (meaning 1.33 reward points worth ₹0.33 on every ₹100 spent) - 0.33% benefit.

On UPI spends, you can earn a maximum of 500 reward points per month.

1 reward point = ₹0.25, and can be redeemed as cashback.

Complimentary domestic airport lounge access – 1 free visit per quarter

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.

Movie ticket benefits at Paytm movies – 25% discount (upto ₹100), 2 times per month

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.

BOB customer care 

Please click here, to see all available options to contact your card issuer.

HPCL Bank Of Baroda Energie Credit Card Fees and Charges

Annual fee & annual fee offers


Annual feeAnnual fee offers
1st year joining fee₹499Welcome 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₹499Renewal 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

Late payment fee

Late payment fee depends on the total payment due –

Total amount dueLate fee
 Less than ₹100Nil
₹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

Foreign currency mark-up fee

3.50% of the transaction value.

Finance charges

3.49% per month (41.88% per annum)

Important note

– 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


Eligibility Criteria

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 requirementSalaried :  ₹3.60 lakhs per year
Self-employed :  ₹4.80 lakhs per year
Credit score requirementsA minimum Cibil Score of 750 and above is preferably required.

Application Process

Step-by-step guide

Online application processThe 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 processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Approval timeline and processThe 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 trackingYou can also track your application here.

Necessary documents

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

Conclusion

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 card spends will also help you meet the annual renewal fee waiver requirement 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.