IndianOil HDFC Bank Credit Card
Best for regular IndianOil fuel buyers with modest spends. 5% as Fuel Points at IndianOil outlets; 5% on groceries and bill payments; 1 Fuel Point per Rs 150 elsewhere. 1 Fuel Point = Rs 0.96 at IOCL
Terms as of 2026-04-15 · Checked 28 September 2026IndianOil HDFC Bank Credit Card at a glance
Who it suits: Regular IndianOil fuel buyers with modest spends
Rewards & cashback
| Details | |
|---|---|
| How you earn | 5% as Fuel Points at IndianOil outlets; 5% on groceries and bill payments; 1 Fuel Point per Rs 150 elsewhere. 1 Fuel Point = Rs 0.96 at IOCL |
| Caps & exclusions | IOCL fuel points: 250/month for first 6 months, then 150/month; groceries and bills 100 points/month each |
| Welcome benefit | Complimentary IndianOil XTRAREWARDS membership |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹768 | ₹768 |
| ₹3,00,000 / year | ₹1,920 | ₹1,920 |
| ₹6,00,000 / year | ₹3,840 | ₹3,840 |
| ₹12,00,000 / year | ₹7,680 | ₹7,680 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Airport lounge | None stated |
| Fuel surcharge | 1% waiver at all fuel stations (min Rs 400), max Rs 250/month |
| Forex markup | 3.50% + 18% GST on the markup |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | ₹500 + GST |
| Annual / renewal fee | ₹500 + GST |
| Fee waiver | Annual fee waived on Rs 50,000 spend in previous year |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Income / criteria | Salaried Rs 12,000/month; self-employed ITR Rs 6 lakh+; age 21-60 |
| Age | Typically 21-60 (salaried), up to 65 (self-employed); card-specific |
| Credit score | 750+ improves approval chances |
Similar cards
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| Scapia Federal Bank | Federal Bank | Free / Free | 2.00% base value | Travellers wanting zero forex and lifetime-free |
| Tata Neu Infinity HDFC Bank | HDFC Bank | ₹1,499 / ₹1,499 | 1.50% base value | Tata ecosystem shoppers (BigBasket, Croma, Tata CLiQ, Air India via N… |
| Amazon Pay ICICI Bank | ICICI Bank | Free / Free | 1.00% base value | Amazon Prime shoppers wanting a free, no-cap cashback card |
| Swiggy HDFC Bank | HDFC Bank | ₹500 / ₹500 | 1.00% base value | Heavy Swiggy/food-delivery users (note: HDFC also lists newer Swiggy … |
| Flipkart Axis Bank | Axis Bank | ₹500 / ₹500 | 1.00% base value | Flipkart and Myntra shoppers |
| Airtel Axis Bank | Axis Bank | ₹500 / ₹500 | 1.00% base value | Airtel postpaid/broadband/DTH users |
Frequently asked questions
What is the annual fee of the IndianOil HDFC Bank Credit Card?
Joining fee ₹500 and annual fee ₹500 (plus 18% GST). Annual fee waived on Rs 50,000 spend in previous year.
What rewards does it offer?
5% as Fuel Points at IndianOil outlets; 5% on groceries and bill payments; 1 Fuel Point per Rs 150 elsewhere. 1 Fuel Point = Rs 0.96 at IOCL Caps/exclusions: IOCL fuel points: 250/month for first 6 months, then 150/month; groceries and bills 100 points/month each
Does it give airport lounge access?
None stated
What is the forex markup?
3.50% on international transactions, plus 18% GST on the markup. On ₹1 lakh spent abroad that is about ₹4,130.
Who is eligible?
Salaried Rs 12,000/month; self-employed ITR Rs 6 lakh+; age 21-60. A CIBIL score of 750+ improves approval chances.
Is the IndianOil HDFC Bank Credit Card good for me?
Best for: Regular IndianOil fuel buyers with modest spends. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.paisabazaar.com, 2026-04-15. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on HDFC Bank’s website before applying. FinancePortal is not affiliated with the issuer.