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ICICI Bank

ICICI HP Power+ Fuel

VisaEntryCashback

Annual Fee

₹199

Reward Type

Cashback

Forex

3.5%

Lounge

0 dom · 0 intl

Full Spec Sheet

Multi-source Verified

Fees

Joining Fee₹199
Annual Fee₹199(waived ≥ ₹50,000)
Min Monthly Income₹12,000

Rewards

Reward TypeCashback
Base Rate0.5%
Point Value₹1/point

Category Multipliers

fuel hp5%(cap ₹500)grocery2%(cap ₹300)

Redemption Values

statement credit1/pt

Travel & Global

Forex Markup3.5%
Domestic LoungeNone
Intl. LoungeNone

India-Specific

Fuel Surcharge✓ 1% waiver

Similar Cards

💡 Fee Waiver Strategy

Spend ₹50K/year to waive renewal. Often available with waived joining fee via ICICI net banking.

⚖️ Breakeven Analysis

To recover the ₹199 annual fee at the base reward rate of 0.5%, you need to spend 39,800 annually.

🎯 Pro Tips

  • Best for HP fuel station regulars - 5% back at HP pumps.
  • Stack fuel surcharge waiver (up to ₹100/mo) on top of the 5% cashback.

📊 Spend Profile Simulator

Spend Profile Simulator

Net Annual Value

+11,201

Effective Rate

0.9%

Ranked #88 of 173 cards#88

199 annual fee deducted from gross rewards value.

📊 Spending Scenarios - Real-World Returns

HP Fuel User (₹6k/mo fuel)

Monthly: ₹15,000 · Annual: ₹1,80,000

3.17%
Effective Return
other: ₹4,000/mofuel hp: ₹6,000/mogrocery: ₹5,000/mo
Annual Rewards Value5,700
After Fee (₹199)+5,501

5% on HP fuel, 2% grocery, 0.5% rest. Fee included.

🔄 Redemption Pathways - Value per Point

MethodValue
Statement CreditBEST₹1.00/pt

🏷️ Best For

fuelcashbackco-branded