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IndianOil HDFC Bank Credit Card

IndianOil HDFC credit card is a co-branded credit card issued by the HDFC Bank in collaboration with IndianOil. This card rewards you in the form of fuel points, which can be used for purchasing fuel at Indian Oil Petrol pumps. Axis Bank also offers a similar credit card named ‘IndianOil Axis Bank Credit Card‘ in partnership with the Indian Oil Corporation Limited, which can be considered a strong competitor to this card. You can get up to 50 liters of free fuel annually by purchasing the fuel with the fuel points you earn. Not only this you can also link this credit card to UPI as it is on the RuPay network.

You also get a complimentary membership to the IndianOil XTRAREWARDS Program (IXRP), which enables you to redeem the fuel points at a rate of 1 FP = Re. 0.96, which is a very good rate. You cannot only earn fuel points but also redeem your earned fuel points against products/vouchers and several other categories. This card comes with a nominal joining fee of Rs 500, which can be waived if you spend Rs 20,000 in the first 90 days of card issuance. Read below to know more about the IndianOil HDFC credit card.

IndianOil HDFC Bank Credit Card

( 4.5 / 5 )
IndianOil HDFC Bank Credit Card
  • Joining Fee₹500 + GST
  • Annual Fee₹500 + GST
  • Best Suited ForFuel
  • Reward TypeReward Points

Rewards Rate

5% Rewards (FPs) on Spends at IndianOil Outlets, Groceries, and Bill Payments. 1 FP/₹150 Spent on Other Purchases, Including UPI Spends

Welcome Benefits

Voucher Worth ₹250

Movie & Dining

N/A

Rewards Rate

5% Rewards (FPs) on Spends at IndianOil Outlets, Groceries, and Bill Payments. 1 FP/₹150 Spent on Other Purchases, Including UPI Spends

Reward Redemption

Fuel Points redeemable for Free Fuel using the complimentary IndianOil XTRAREWARDS Program (IXRP) membership at IndianOil outlets (1 FP = 96 Paise), through net-banking towards catalog products (1 FP = 20 Paise) and as cashback on the credit card (1 FP = 20 Paise)

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

  • Spend-Based Waiver

    Renewal Fee on Annual Spends of ₹50,000

    Rewards Redemption Fee

    ₹99 + GST

    Foreign Currency Markup

    3.5%

    Interest Rates

    3.75% Per Month (45% Each Year)

    Fuel Surcharge Waiver

    1% Waiver Across All Petrol Pumps on a Minimum Transaction of ₹400. Maximum Waiver of ₹250 Each Statement Cycle

    Cash Advance Charges

    2.5% of the amount withdrawn subject to a minimum charge of Rs 500.

    • Complimentary IndianOil XTRAREWARDS Program membership.
    • Renewal fee waiver on annual spends of Rs 50,000 and above in the previous year.
    • 5% of spends as Fuel Points at IndianOil outlets, groceries, and bill payments.
    • 1 Fuel Point on every Rs 150 spent on all other purchases.
    • Up to 50 liters of free fuel annually using an IndianOil HDFC Bank credit card.
    • A fuel surcharge of 1% is waived on all fuel transactions at all fuel stations across India.

    Pros

    • Since the HDFC IndianOil Card is available on the RuPay network, one can connect the card to UPI applications and make convenient and fast payments via their mobile.

    Cons

    • Initially, cardholders will face a limit of 250 Fuel Points (reward earning) within the first six months of card issuance, which is then reduced to 150 Fuel Points after this period.

  • IndianOil HDFC Credit Card Features and Benefits

    The IndianOil HDFC Bank Credit Card is a fuel credit card issued by the bank in partnership with Indian Oil Corporation Limited. Other than fuel advantages, this card comes with an array of additional features and benefits, which are as mentioned below:

    UPI

    You can easily link your HDFC IndianOil Credit Card to a UPI application of your choice and make payments from your mobile phone.

    Spend-Based Waiver

    Get a renewal fee waiver on annual spends of Rs 50,000 or above in the previous year.

    Fuel Surcharge Waiver

    A 1% fuel surcharge is waived on all fuel transactions exceeding Rs. 400 at all fuel stations across India. You can get a maximum cashback of Rs 250/- per statement cycle.

    IndianOil HDFC Bank Credit Card Reward Points

    • The card earns you Reward Points as Fuel Points.
    • You get up to 5% of your purchases as Fuel Points at IndianOil outlets, groceries, and bill payments (In the first 6 months, you can get a maximum of 250 Fuel Points per month and a maximum of 150 Fuel Points post 6 months from card issuance).
    • Cardholders shall also earn 5% Fuel Points on grocery and utility bill payments. This is capped at 100 Fuel Points in each category.
    • You get 1 Fuel Point on every Rs. 150/- spent on all other purchases.
    • The fuel points last over a period of 2 years and expires thereafter.
    • No Fuel Points shall be earned for wallet reloading, government transactions, EMI transactions, rental payments and gold purchases.

    Reward Redemption

    You can use the Reward Points accumulated against a host of redemption options under the IndianOil XTRAREWARDS Program (rate of redemption as per the table below)-

    Redemption Method Value
    IndianOil XTRAREWARDS Program (IXRP) 1 Fuel Points = Rs 0.96
    Through Product Catalogue 1 Fuel Point = Rs 0.20
    Against Statement Cash 1 Fuel Points = Rs 0.20

    Redemption against cashback and travel categories is capped at 50,000 Fuel Points per month.

    IndianOil HDFC Credit Card Features

    IndianOil HDFC Bank Credit Card Eligibility Criteria

    Credit card applicants have to meet the below-mentioned eligibility criteria in order to apply for the IndianOil HDFC Bank Credit Card:

    Salaried Employees Self-Employed Individuals
    Age 21 – 60 Years 21 – 65 Years
    Income Minimum Rs. 1,44,000 Per Annum Minimum Rs. 6,00,000 Per Annum (as per ITR)

    How to Apply for IndianOil HDFC Bank Credit Card?

    To apply through offline mode, you have to visit the nearest bank branch, fill in the application form present in the branch, and attach the required documents. To apply online, you can follow the below-mentioned steps:

    • Click on “Apply Now”
    • Fill in your details such as name, PAN Card, etc.
    • Submit your application.
    • Wait for the approval of your application.

    IndianOil HDFC Bank RuPay Credit Card

    IndianOil HDFC Bank credit card is the best suited for individuals with high fuel spending. This card offers you accelerated 5% Fuel Points on spends at IndianOil outlets, utility bill payments, and grocery shopping. It provides you with multiple redemption options, including fuel purchases, shopping, and many more. With  XTRAREWARDS Program (IXRP), you can get a reward rate of Rs 0.96 on your fuel spending, which is a really significant reward rate. Moreover, you can make this card absolutely free by getting the joining and renewal fee waived by spending Rs. 50,000 in a card anniversary year. What do you think about this credit card? Do let us know your comments.

    FAQs:

    These Fuel Points accumulated are valid for 2 years from the date of accumulation.

    A yearly charge of ₹500 plus applicable taxes is levied on the IndianOil HDFC credit card.

    You can redeem these Fuel Points at the IndianOil XTRAREWARDS Program (IXRP) for free fuel using your complimentary membership. You can redeem your reward points at select IndianOil outlets. 1 Fuel Point = ₹0.96, and can be redeemed by converting Fuel Points into XRP.

    The interest rate charged on this credit card is 3.75% per month (45% per annum).

    2 comments

    • Biju Sebastian

      2 years ago Reply

      I forgot my credit card pin number and how to recover it? Indian oil

      • A

        Kartik Kanwar

        1 year ago Reply

        You can reset the PIN via the HDFC MyCards app or even by contacting customer care.

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