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IndianOil HDFC Credit Card – For Fuel Transactions

Home HDFC Credit Card IndianOil HDFC Credit Card

Launched in collaboration with IndianOil, this HDFC credit card is one of the best credit cards to save more on fuel expenses. You can earn up to 50 litres of free fuel annually via this card. Additionally, you can also avail fuel surcharge waiver on your fuel expenses.

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Updated: 04-05-2022 07:30:08 AM

Key Highlights of IndianOil HDFC Credit Card

Card TypeMid-level
Best Suited forFuel Transactions
Joining FeeRs. 500 (waived off on spending Rs. 20,000 in the first 90 days)
Renewal FeeRs. 500 (waived off on spending Rs. 50,000 in the previous year)
Minimum Income RequirementSalaried: Rs. 10,000 p.m.

Self-employed: ITR>Rs. 6 lakh p.a.

Best Feature5% of your spends at IndianOil outlets as fuel points
Paisabazaar’s Rating★★★ (3/5)

Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit HDFC Bank’s website.

Also read: 10 Best HDFC Credit Cards in India 2022

On this page

IndianOil HDFC Credit Card: Features & Benefits
IndianOil HDFC Credit Card: Fees & Charges
IndianOil HDFC Credit Card: Eligibility & Documentation
Should you get IndianOil HDFC Credit Card?
Cards Similar to IndianOil HDFC Credit Card
FAQs
IndianOil HDFC Credit Card: Features & Benefits

This credit card offers benefits on your fuel transactions at IndianOul outlets. Below mentioned are the features and benefits of this credit card:

Fuel Benefits

You can save on fuel expenses as per the below details:

  • 5% of your spends at IndianOil outlets as fuel points (max 250 fuel points per month in first 6 months, max 150 fuel points post 6 months from card issuance)
  • 5% of your spends as fuel points on grocery and bill payments (max 100 fuel points per month on each category)
  • 1 fuel point for every Rs. 150 spent on all other purchases

Other Benefits

Along with fuel benefits, you can also avail below benefits via this credit card:

Complimentary Membership: Complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership.

Milestone Benefit: Spend Rs. 20,000 & above in the first 90 days and get the first-year membership fee waived off.

Renewal Offer: Spend Rs. 50,000 and above in the previous year and get your renewal fee waived off.

Fuel Surcharge Waiver: 1% surcharge waiver (max of Rs. 250 per statement cycle) on your fuel transactions. This is applicable on a minimum transaction value of Rs. 400.

Validity of Fuel Points: The fuel points earned with this credit card are valid for two years from the date of accrual.

Interest-free Credit Period: Get up to 50 days of interest-free credit period from the date of purchasing this credit card.

Read in detail: IndianOil HDFC Credit Card review

IndianOil HDFC Credit Card: Fees & Charges

Below mentioned are the fees and charges associated with this credit card:

TitleDetails
Joining FeeRs. 500 (waived off on spending Rs. 20,000 in the first 90 days)
Renewal FeeRs. 500 (waived off on spending Rs. 50,000 in the previous year)
Finance Charges3.6% p.m. i.e. 43.2% p.a.
Late Payment ChargesFor Statement Balance:

  • Less than Rs. 100 – Nil
  • Rs. 100 to Rs. 500 – Rs. 100
  • Rs. 501 to Rs. 5,000 – Rs. 500
  • Rs. 5,001 to Rs. 10,000 – Rs. 600
  • Rs. 10,001 to Rs. 25,000 – Rs. 800
  • Rs. 25,000 to Rs. 50,000 – Rs. 1,100
  • Over Rs. 50,000 – Rs. 1,300

To view the most important terms and conditions, Click here.

IndianOil HDFC Credit Card: Eligibility & Documentation

Applicants must meet the below mentioned eligibility criteria to apply for IndianOil HDFC Credit Card:

Customer ProfileEligibility Criteria
Salaried
  • Age: 21-60 years
  • Income: Minimum Rs. 10,000 per month
Self-employed
  • Age: 21-65 years
  • Income: ITR> Rs. 6 lakh per annum
Documents RequiredClick here for the list of acceptable documents
Serviceable CitiesClick here for the list of eligible cities
Should you get IndianOil HDFC Credit Card?

If you want to save on your fuel expenses then this is the best credit card option for you as it offers a wide range of features and benefits, especially in the fuel category. You can easily earn 5% of your expenses as fuel points at IndianOil outlets. You can also earn 50 litres of free fuel annually by using this credit card. However, if you are looking for a credit card that offers fuel benefits at other outlets apart from IndiaOil, then this might not be a good option for you. 

Suggested read: Best Credit Cards in India

Cards Similar to IndianOil HDFC Credit Card

A few of the credit cards that offer benefits on fuel transactions are mentioned in the table below:

Credit CardAnnual FeeKey Feature
IndianOil HDFC Bank Credit CardRs. 5005% of your spends at IndianOil outlets as fuel points
IndianOil Citi Platinum Credit CardRs. 1,0004 turbo points for every Rs. 150 spent at IOC stations
BPCL SBI CardRs. 49913X bonus reward points on fuel transactions made at Bharat Petroleum fuel stations
IndianOil Axis Bank Credit CardRs. 5004% value back on fuel purchase at IOCL outlets
ICICI HPCL Coral Credit CardRs. 1992.5% cashback at HPCL fuel stations
FAQs

Are there any other fuel credit cards offered by HDFC Bank?

IndianOil HDFC Credit Card is designed for individuals who are looking for benefits and privileges on fuel. You can also consider Platinum Plus Credit Card from HDFC Bank as it comes with a 100% fuel surcharge waiver on your billing cycle.

What are the fuel benefits that I will get with IndianOil HDFC Bank Credit Card?

You will get 5% of your spends as fuel points on your transactions at IndianOil outlets. Additionally, you will also get a complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership.

Are there any additional offers on this credit card?

With SmartBuy, you can avail 10X reward points or 5% cashback on shopping. You can use these reward points on your flight or hotel bookings. This SmartBuy offer is also applicable on online shopping from websites like Amazon and Flipkart. 

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