IndianOil HDFC Bank Credit Card benefits
- 5% as Fuel Points at IndianOil outlets, capped at 150 a month after the first 6 months
- 5% as Fuel Points on groceries and on bill payments, capped at 100 a month each
- 1 Fuel Point per ₹150 on other spends, including UPI
- 1 Fuel Point = ₹0.96 for free fuel at IndianOil
- ₹500 joining and renewal fee, plus GST
- Renewal fee waived on ₹50,000 of yearly spends
IndianOil HDFC Bank Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| IndianOil pumpsOnly at IndianOil pumps and outlets, by swiping the card on an authorised machine. The cap is 250 Fuel Points a month for the first 6 months after card issue, then 150 a month. Fuel at other pumps earns nothing. | 5 points per ₹100 | 150 |
| GroceriesGrocery merchant codes only. Minimum transaction ₹150. | 5 points per ₹100 | 100 |
| Bills and utilitiesUtility and telecom merchant codes only. Minimum transaction ₹150. | 5 points per ₹100 | 100 |
| Everything else | 0.67 points per ₹100 | None |
We value one point at ₹0.96 in the usual redemption.
No rewards on: Fuel outside IndianOil, wallet, rent, government payments, tax, jewellery, all EMI, insurance, vending machines, liquor stores, cash advances and travellers' cheques.
All reward rules
- The bank gives 1 Fuel Point per ₹150 on other spends, including UPI. That is about 0.67 Fuel Points per ₹100. The minimum transaction is ₹150.
- The 5% rates give 5 Fuel Points per ₹100.
- The point value shown is for free fuel: 1 Fuel Point = 3 XTRAREWARDS points = ₹0.96 at IndianOil outlets. You can convert 500 Fuel Points or more, in multiples of 500.
- Fuel Points are worth much less in other uses. As statement cashback, 1 Fuel Point = ₹0.20, with a ₹50 redemption fee and a minimum of 12,500 Fuel Points. In the catalogue it is up to ₹0.20.
- Fuel Points are valid for 2 years.
- The bank limits points earned to 25,000 per statement cycle.
- The bank's terms list supermarkets and bakeries as spends that earn nothing, but also list their merchant codes for the 5% grocery rate. Check with the bank for a specific store.
IndianOil HDFC Bank Credit Card annual fee and charges
- Joining fee
- ₹500
- Annual fee
- ₹500
- Fee waiver
- ₹50,000 a year
- Foreign currency markup
- 3.5%
Fees are before GST. The renewal fee is waived if you spend ₹50,000 in a year. An activation voucher worth ₹250 is given if you make at least one transaction within 37 days of card issue.
Fuel surcharge: 1% waiver on fuel transactions from ₹400 to ₹5,000. Maximum waiver is ₹250 per statement cycle.
IndianOil HDFC Bank Credit Card eligibility
- Age
- 21 to 65
- Salaried income
- ₹1,44,000 a year
- Self-employed income
- ₹6,00,000 a year
Indian nationals. Salaried: age 21 to 60 and monthly income above ₹12,000. Self-employed: age 21 to 65 and ITR above ₹6 lakh a year.
The bank alone decides approval and your credit limit.
IndianOil HDFC Bank Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Frequently asked questions
What is the annual fee of the IndianOil HDFC Bank Credit Card?
The joining fee and the renewal fee are both ₹500 plus GST. The renewal fee is waived if you spend ₹50,000 in a year.
Is the IndianOil HDFC Bank Credit Card lifetime free?
No. Under the standard terms it has a ₹500 yearly fee. You can avoid the renewal fee by meeting the ₹50,000 yearly spend.
What is the eligibility for the IndianOil HDFC Bank Credit Card?
Salaried applicants must be 21 to 60 years old with monthly income above ₹12,000. Self-employed applicants must be 21 to 65 years old with an ITR (income tax return) above ₹6 lakh a year.
What is the Fuel Points limit on the IndianOil HDFC Bank Credit Card?
At IndianOil outlets you can earn up to 250 Fuel Points a month for the first 6 months, then up to 150 a month. You can earn up to 100 Fuel Points a month on groceries and up to 100 a month on bill payments.
What is 1 Fuel Point worth on the IndianOil HDFC Bank Credit Card?
1 Fuel Point is worth ₹0.96 when you convert it for free fuel at IndianOil. So 500 Fuel Points give ₹480 of fuel. As statement cashback, 1 Fuel Point is worth only ₹0.20.
Does the IndianOil HDFC Bank Credit Card give lounge access?
The bank's card page lists no airport lounge benefit for this card.
Does the IndianOil HDFC Bank Credit Card have a fuel surcharge waiver?
Yes. You get a 1% waiver on fuel transactions from ₹400 to ₹5,000, up to ₹250 per statement cycle.