The IndianOil HDFC Bank Credit Card is a smart choice for those who frequently spend on fuel. The reward is a fuel point every time you swipe your credit card at Indian Oil fuel pump.
1% fuel surcharge waiver at all the fuel stations across India with a minimum transaction of Rs. 400. Maximum cashback of Rs. 250 per statement cycle.
Let’s dive into the detailed features, benefits, and charges to see if the IndianOil HDFC Bank Credit Card is worth getting.
Table of Contents
HDFC IndianOil Credit Card Highlights
| Feature | Details |
|---|---|
| Issuer | HDFC Bank + IndianOil |
| Network Type | Visa |
| Card Type | Co-branded Fuel Credit Card |
| Joining Fee | Rs. 500 + GST |
| Annual Fee | Rs. 500 + GST (Waived on spending Rs. 50,000) |
| Joining Fees for add-on cardholder | Nil |
| Joining Benefits | None |
| Best Suited For | Fuel purchases, groceries, and bill payments |
| Reward Rate | 1.5% on retail |
| Lounge Access | International: N/A Domestic : N/A |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver across all fuel stations. |
Apply Now: Click here to apply for IndianOil HDFC Credit Card
Benefits of the IndianOil HDFC Credit Card
How to Earn Up to 50 Liters of Free Fuel Annually with IndianOil HDFC Bank Credit Card ⛽
| Category | Fuel Points Earned | Monthly Capping |
|---|---|---|
| Fuel Spends (at IOCL) | 5% Fuel Points | 150-250 Points |
| Grocery & Bill Payments | 5% Fuel Points | 100 Points (each) |
| Other Purchases | 1 Fuel Point per ₹150 spent | No Limit |
| Fuel Surcharge Waiver | 1% waiver on ₹400+ transactions | ₹250 per cycle |
Additional Benefits of IndianOil HDFC Credit Card
- Complimentary Membership in the IndianOil XTRAREWARDSâ„¢ Program (IXRP)
- Renewal Fee Waiver: Spend ₹50,000+ annually to waive the fee
- Interest-Free Credit: Up to 50 days
- Fuel Points Validity: 2 years
Lounge Access 💺
| Lounge Type | Access |
|---|---|
| International Lounge Program | No International Lounge access |
| Domestic Lounge Program | No Domestic Lounge access |
Fees & Charges for IndianOil HDFC Bank Credit Card
| Charge Type | Amount |
|---|---|
| Joining Fees | ₹500 + applicable taxes |
| Annual Fees | ₹500 + GST (waived on ₹50,000 spend) |
| Processing Fee for Smart EMI | ₹999 + GST |
| Finance charges on extended credit | 3.75% per month (45% per annum) |
| Foreign Exchange Markup fees | 3.5% |
| Charge in case of bounced cheque | ₹500 |
| Late Payment Charges | Up to ₹1,300 |
| Cash advance Charges | 2.5% or ₹500 (whichever is higher) |
| Reissuance Charges | ₹100 |
IndianOil HDFC Bank Credit Card Eligibility
- Age: 21 to 60 years for salaried. 21 to 65 years for self-employed
- Salaried: Minimum monthly income: ₹12 K (for salaried individuals)
- Self-employed: Minimum annual income ₹6 Lakhs as per ITR
- Must be an Indian resident
Documents Required for IndianOil HDFC Bank Credit Card 📑
- Proof of Identity: Aadhaar, PAN, Passport
- Proof of Address: Utility bill, Aadhaar, Voter ID
- Proof of Income: Salary slip, ITR
IndianOil HDFC Bank Credit Card Reward Points & Redemption 🚗
| Redemption Type | Conversion Rate | Additional Info |
|---|---|---|
| IndianOil Free Fuel | 1 Fuel Point = 96 Paise | Redeem via XTRAREWARDSâ„¢ Program (IXRP) at select IndianOil outlets |
| Product Catalogue | 1 Fuel Point = Up to 20 Paise | Redeem via HDFC NetBanking for select merchandise |
| Cashback | 1 Fuel Point = 20 Paise | Redeem against credit card statement balance |
| Points + Pay Option | Up to 70% via Fuel Points | The remaining 30% must be paid via Cash, Card, UPI, etc. |
- Fuel Points Validity: Points remain valid for 2 years from the accrual date.
- Monthly Redemption Limit: 50,000 points per month for cashback and travel redemptions.
Pros & Cons of HDFC IndianOil Credit Card
Pros of HDFC IndianOil Credit Card
- 5% back as a fuel point at Indian Oil fuel pump is a great fuel saving.
- 1% fuel surcharge waiver at all fuel points all over India with a minimum of Rs. 400 and a Maximum of Rs.5,000 transactions.
- Low annual fee of Rs. 500 waived on Rs. 50,000 annual spend
Pros of HDFC IndianOil Credit Card
You can use fuel points only at IndianOil outlets. Also, only 1 fuel point on non-fuel spends. There is no free lounge access at the airport.
Final Verdict: Should You Get the IndianOil HDFC Bank Credit Card?
Yes, you are getting good savings on fuel. Where other normal credit cards will give you only a1% fuel surcharge waiver, here you will get 5% back as a fuel point.
The main purpose is to save money on fuel, not on travel or movies. You should have this card in your purse.
Apply Now: Click here to apply for IndianOil HDFC Credit Card
HDFC IndianOil PhoneBanking numbers 📞
- Toll-Free Numbers: 1800 1600 or 1800 2600
- International Helpline: +91 22 6160616
Frequently Asked Questions (FAQs)
How long are Fuel Points valid on the HDFC IndianOil Credit Card?
Fuel Points remain valid for 2 years from the date of earning.⛽💳
What happens if I miss my HDFC credit card payment?
You will be charged a late payment fee based on your outstanding balance.
Outstanding Balance (₹) Late Payment Fee (₹) (Excl. GST)
Less than ₹100 Nill
₹100 – ₹500 ₹100
₹501 – ₹5,000 ₹500
₹5,001 – ₹10,000 ₹600
₹10,001 – ₹25,000 ₹800
₹25,001 – ₹50,000 ₹11,00
More than ₹50,000 ₹13,00
How can I redeem Fuel Points for free fuel?
You can redeem Fuel Points at IndianOil outlets via the XTRAREWARDSâ„¢ Program (IXRP).