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IndianOil HDFC Bank Credit Card

HDFC Bank and Indian Oil have partnered to launch the IndianOil HDFC Credit Card. It’s designed for those who regularly spend on vehicle fuel and want to earn rewards on their purchases. Fuel points are earned with every refuelling and with everyday purchases and can be redeemed to save on fuel.

The biggest advantage is that you don’t need to change your spending habits; all you need to do is make smart choices. Rewards are also available on grocery and shopping categories, and RuPay UPI linking makes digital payments even easier. Overall, this card is a practical, convenient, and beneficial option for everyday users.

So, here in this article, we will tell you about everything that you should know before buying a card. Make sure to read till the end before deciding.

IndianOil HDFC Bank Credit Card

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IndianOil HDFC Bank Credit Card

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Fuel

Reward Type

Reward Points

Welcome Benefits

N/A

IndianOil HDFC Bank Credit Card Fees and Charges

Charges Type Details
Joining Fee ₹500 + GST
Annual / Renewal Fee ₹500 + GST
Finance Charges (Interest) Around 3.49% to 3.75% per month
Interest Free Period Up to 50 days
Late Payment Charges ₹100 to ₹1300 (based on outstanding)
Fuel Surcharge Waiver 1% waiver, up to ₹250 per statement cycle
Foreign Currency Markup 3.5%
Cash Advance Charges 2.5%, minimum ₹500
Rental Transaction Fee 1% (max ₹3000)
Minimum Amount Due 5% or ₹200, whichever is higher

IndianOil HDFC Bank Credit Card Rewards and Benefits

  • Fuel Rewards: When you buy petrol or diesel at an IndianOil station, you collect Fuel Points, which can later be redeemed for no-cost fuel. 
  • Fuel Surcharge Waiver: A fuel surcharge of as much as 1% on petrol/diesel purchases is not charged, which means you avoid some extra costs.
  • Reward Points on Daily Spending: Earn reward points on groceries, bills, and other everyday purchases.
  • Accelerated Rewards: Purchases of IndianOil fuel earn you more reward points than other purchases.
  • Easy Redemption: The Fuel Points can be used for fuel, cashback, or things in the rewards list
  • Contactless Payments: Payments using the card are ‘tap and pay’, so they are quick and safe.
  • Interest-Free Period: You can get up to 50 days to pay your bill without any interest, depending on your billing cycle.
  • Low Annual Fee: The yearly charge for the card isn’t high, and could be cancelled if your spending during the year reaches a certain amount.
More Best Card : Tata Neu Plus HDFC Bank Credit Card

IndianOil HDFC Bank Credit Card Eligibility Criteria

Salaried Eligibility

  • You must be between 21 and 60 years old to obtain this card.
  • Your monthly salary should be at least ₹12,000.
  • Salary slips and bank statements will also be requested as proof of income.
  • A stable job and consistent income increase approval chances.
  • Basic KYC documents are required.

Self-Employed Eligibility

  • Age should generally be between 21 and 65 years.
  • Annual Income should be 6 lakh.
  • Business or freelance income is required.
  • You may need to provide proof of your income by submitting your tax returns and bank statements.
  • A stable earning history is important.
  • Basic KYC documents must also be provided.

Pros and Cons

Below, I have explained the benefits and drawbacks of this card, from which you can decide whether this card will work in your favour or not.

Pros

Cons
• Benefit from reward points and fuel savings on fuel spends.

• A 1% fuel surcharge waiver provides additional savings.

• Rewards are also available on groceries and daily spending.

• Easy digital payments with RuPay UPI linking.

• Entry-level card, suitable for beginners and practical usage.

 • Rewards are mostly fuel-focused, not strong across all categories.

• Interest rates may be high if full payment is not made.

• Extra charges apply to international transactions.

• Limited features for high spenders or those seeking premium benefits.

IndianOil HDFC Bank Credit Card Review

The IndianOil HDFC Bank Credit Card is a practical option for those who regularly spend on fuel and want to earn rewards from their daily expenses. Benefits such as fuel rewards and surcharge waivers are valuable for frequent drivers. RuPay UPI integration also makes daily payments easy.

This card isn’t ideal for everyone, though, because the rewards are largely on petrol, and the perks may not be as great if what you buy is usually something else. At all events, it remains a straightforward, useful, and cost-effective credit card – particularly for those who are new to credit, or who frequently buy fuel.

FAQs

Is the IndianOil HDFC Credit Card best for fuel users?

Yes, if you regularly spend on fuel, the fuel rewards and surcharge waiver make this card a practical option.

Can this card be linked to UPI?

Yes, the RuPay variant can be linked to UPI to easily make QR payments and daily transactions.

How is the annual fee waived?

Renewal fees can be waived if the minimum spending requirement is met within one year.

Is it suitable for beginners?

Yes, this is an entry-level credit card with many benefits, making it a good option for beginners.

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