HDFC Bank IndianOil Credit Card
About HDFC Bank IndianOil Credit Card
The IndianOil HDFC Bank Credit Card is suited primarily for low-to-moderate two-wheeler or small hatchback drivers whose monthly fuel bills do not exceed ₹3,000. For such spenders, earning 5% back at IOCL outlets (redeemable at ₹0.96 per point) combined with a nominal ₹50,000 annual spend waiver provides decent value.
Rewards and Benefits
Verified privileges, welcome benefits, movie discounts, and airport lounge schedules.
| Category | Details & Conditions |
|---|---|
| ⛽5% IndianOil Fuel Points | Earn 5% of your transaction as Fuel Points at IndianOil fuel stations (capped at 250 FP/month for months 1-6, dropping to 150 FP/month from month 7 onwards). |
| 🛒5% Groceries & Supermarkets | 5% Fuel Points on grocery purchases (capped at 100 Fuel Points per calendar month). |
| 💡5% Utility Bill Payments | 5% Fuel Points on electricity, water, and utility payments (capped at 100 Fuel Points per calendar month). |
| 💳Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at all fuel pumps (capped at ₹250 per statement cycle). |
| ⚡RuPay UPI QR Integration | Earn 1 Fuel Point per ₹150 on everyday UPI QR payments via the RuPay variant. |
| 🎯Low Fee Waiver Milestone | Annual renewal fee of ₹500 waived on annual retail spending of just ₹50,000 or more. |
Fees & Charges
Transparent schedule of annual charges, spend-based reversals, finance APR, and cash advance rates.
| Fee / Charge | Amount & Conditions |
|---|---|
| Spend-Based Waiver | ₹500 + GSTSpend target in anniversary year to reverse renewal fee. |
| Interest Rates / Finance Charges | 3.75% Per Month (45.00% Annually)Standard finance charge applicable on revolving retail balances and ATM cash advances until complete settlement (revised w.e.f. August 2024). |
| Late Payment Charges | Nil (Up to ₹100), ₹100 (₹101–₹500), ₹500 (₹501–₹1,000), ₹600 (₹1,001–₹5,000), ₹750 (₹5,001–₹10,000), ₹900 (₹10,001–₹25,000), ₹1,100 (₹25,001–₹50,000), ₹1,300 (Above ₹50,000)Tiered late payment charge based on total outstanding balance if Minimum Amount Due is not paid by payment due date. |
| Foreign Currency Markup | 3.50% + GSTStandard cross-currency conversion fee applicable on overseas transactions and foreign currency billing. |
| Dynamic Currency Conversion (DCC) | 1.00% + GST Markup FeeApplicable on transactions carried out in Indian Currency (INR) at an international location or overseas-registered merchants. |
| Rewards / Cashback Redemption Fee | ₹99 + GST per redemption request (₹50 for statement cashback)Applicable on catalogue, gift voucher, or statement cashback redemptions via HDFC NetBanking or SmartBuy. |
| Fuel Surcharge Waiver | 1% Fuel surcharge waiver on transactions between ₹400 and ₹5,000 (Max ₹250 per statement cycle)Surcharge waiver excludes GST. Valid across all fuel stations in India. Fuel spends do not accrue reward points. |
| High-Value Fuel Spend Surcharge | 1% fee on fuel spends exceeding ₹15,000/month (Capped at ₹4,999/txn)Applicable on cumulative fuel spends above the monthly threshold in a calendar month. Surcharge is capped at ₹4,999 per transaction. |
| Cash Advance Charges | 2.5% of transaction amount or ₹500 (whichever is higher)Domestic & International ATMs. Finance charge of 3.75% p.m. applies from the date of withdrawal until full payment. |
| Overlimit Charges | 2.5% of Overlimit Amount (Min ₹550)Applicable if retail or merchant transactions exceed the sanctioned credit limit (subject to explicit cardholder consent). |
| Rental Transaction Surcharge | 1% fee capped at ₹4,999 per transactionProcessing fee levied on rental payments via platforms like CRED, Paytm, NoBroker, etc. (w.e.f. 1st July 2025). |
| Online Skill-based Gaming Surcharge | 1% fee on spends exceeding ₹10,000/month (Capped at ₹4,999/month)Applicable on online skill-based gaming transactions exceeding ₹10,000 cumulative in a calendar month (w.e.f. 1st July 2025). |
| Wallet Loading Surcharge (excl. PayZapp) | 1% fee on loads exceeding ₹10,000/month (Capped at ₹4,999/month)Applicable on wallet loading transactions exceeding ₹10,000 cumulative in a calendar month (PayZapp wallet loading is exempt, w.e.f. 1st July 2025). |
| Utility Payments Surcharge | 1% fee on utility spends exceeding ₹50,000/month (Capped at ₹4,999/month)Levied on cumulative utility bill payments (electricity, gas, water) exceeding the threshold in a calendar month. Capped at ₹4,999/month. |
| Third-Party Education Fee Surcharge | 1% fee capped at ₹4,999 per transaction via third-party appsLevied on school/college fee payments made via third-party apps (CRED, Cheq, NoBroker). Zero fee on direct school/college website or POS transactions. |
| Payment Dishonour / Bounce Charges | 2% of payment amount (Min ₹450)Charged if cheque, ECS, NACH, or auto-debit instruction towards credit card payment is returned or dishonoured. |
| Card Replacement Fee | ₹100 + GSTStandard physical card re-issuance fee for lost, stolen, or damaged card. |
| Cash Payment at HDFC Branch / ATM | ₹100 + GST per transactionService fee charged for paying credit card bill via physical cash deposit at HDFC Bank branches or ATMs. |
| Railway Ticket Booking Surcharge | 1% of transaction amount + GSTStandard IRCTC transaction fee charged on railway ticket purchases. |
Pros & Cons
HDFC Bank IndianOil Credit Card Features and Benefits
Comprehensive overview of welcome benefits, quarterly spend bonuses, dining privileges, and renewal fee waiver milestones.
5% IndianOil Fuel Engine
Earn 5% back as Fuel Points at participating IndianOil outlets. Points redeemable at ₹0.96/pt through IndianOil XTRAREWARDS.
5% Everyday Living Boost
Earn 5% Fuel Points on monthly supermarket groceries and utility bills up to 100 points per category per month.
Ultra-Low Waiver Spend
Spend just ₹50,000 in retail purchases over your 12-month card anniversary year to have your ₹500 renewal fee fully waived.
RuPay UPI Readiness
Link your card to PayZapp, PhonePe, or Google Pay to earn 1 Fuel Point per ₹150 on UPI QR code merchant transactions.
IndianOil HDFC Points System
All points accumulate as Fuel Points. Maximum value is achieved strictly when redeemed for free fuel at IndianOil stations.
Eligibility Criteria for HDFC Bank IndianOil Credit Card
The following table illustrates the income-based and age-based underwriting criteria:
| Criteria | Salaried Employees | Self-Employed Individuals |
|---|---|---|
| Age | 21 – 60 Years | 21 – 65 Years |
| Income Proof | Net Monthly Income > ₹10,000 | ITR > ₹6,00,000 Per Annum |
| Credit Score (CIBIL) | 700+ recommended | |
How to Apply for HDFC Bank IndianOil Credit Card
Simple 4-step digital application process directly on the official issuer portal:
Check Eligibility
Click "Apply Now" to open the official bank application portal.
Enter Details
Provide your mobile number, PAN, and employment information.
Complete Video KYC
Verify your identity via paperless Aadhaar OTP or a quick 2-minute Video KYC.
Receive Card
Get instant virtual card access and physical card delivery within 5-7 working days.
CardIntel Score v1.1
Objective Card Quality Breakdown
CardIntel Score v1.1 measures structural card quality against a fixed ₹6 lakh annual benchmark. It evaluates 9 factors including Net Ownership ROI, without affiliate commission, editorial preference, or card slug heuristics.
1.09% effective benchmark return
Zero ownership cost with solid net return
No monthly or category ceilings
Rewards Catalogue
Domestic (0/5) + Intl (0/3) + Terms (0/2)
3.5% forex markup
Open retail availability
0 benefit pillars qualified
Zero material reward conditions (7/7 pts)
Why this score?
Solid net ownership ROI, unrestricted reward cap headroom and broad consumer accessibility. The score is reduced by the lounge access terms, forex markup and restricted redemption options.
You need to spend at least ₹41,000 per year (₹3,417/mo) on this card to fully recover its annual fee.
4-Layer Financial Intelligence
Card Economics & Net ROI
Evaluating real economic return after accounting for benchmark spending (₹6,00,000/yr), effective annual fee, and verified category caps.
Calculate Your Real Returns
What You'll Actually Earn
Calculated using CardIntel's deterministic reward rules, fee waivers, and merchant accelerated caps.
Frequently Asked Questions (FAQs)
Official guidance on applications, reward redemptions, credit limit assignments, and customer support.
During the first 6 months of card issuance, cardholders can earn up to 250 Fuel Points per month on IndianOil fuel purchases. From the 7th month onward, the monthly cap reduces to 150 Fuel Points per month.
Verified Bank MITC Provenance
All reward percentages, exclusions, and annual fee waiver rules for HDFC Bank IndianOil Credit Card are verified directly against official bank regulatory filings and Most Important Terms and Conditions (MITC).
CardIntel may earn referral fees from eligible application links. These fees never influence CardIntel Scores, rankings, or recommendations.
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