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Credit Cards · India

IndianOil HDFC Bank Credit Card

Updated 5 Jul 2026Source-linked

The IndianOil HDFC Bank Credit Card is a entry co-branded credit card from HDFC Bank and IndianOil, with a joining fee of ₹500 + GST.

It earns up to 5 pts per ₹150 (≈3.2% value) on IndianOil spends in the form of fuel points (points).

HDFC Bank logo
IndianOil HDFC Bank Credit Card
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  • Joining Fee₹500
  • Annual Fee₹500
  • Best Suited ForFuel
  • Reward TypeFuel Points (points)
Rewards Rate
  • 5 pts per ₹150 on indianoil fuel (cap 150 points / monthly)
  • 5 pts per ₹150 on groceries bill payments (cap 100 points / monthly)
  • Base 0.64% on other spends
Welcome Benefits
  • Not applicable
Data verified 5 Jul 2026 — see our methodology
HDFC Bank logoHDFCRuPay logoplatinumentryCo-brand · IndianOil ↗
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Rewards and Benefits

Rewards Rate
5 pts per ₹150 on indianoil fuel (cap 150 points / monthly)
5 pts per ₹150 on groceries bill payments (cap 100 points / monthly)
Base 0.64% on other spends.
Reward Redemption
IndianOil fuel: Redeemable as fuel at IOC outlets via XtraRewards programme (1 FP ≈ ₹0.96 of fuel).
Welcome Benefits
N/A
Milestone Rewards
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
N/A

See the math — accelerations & caps

What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.

No accelerated categories apply to the spend you entered — everything earns the base rate.

Base-rate spend

Non-accelerated spend, summarized at this card's base rate.

  • Online shopping₹15,000 · 0.6% = ₹96/mo
  • Groceries₹8,000 · 0.6% = ₹51/mo
  • Dining & food delivery₹8,000 · 0.6% = ₹51/mo
  • Fuel₹4,000 · 0.6% = ₹26/mo

    Fuel — earns base; accelerated rate needs booking via iocl

  • Travel & hotels₹10,000 · 0.6% = ₹64/mo
  • Utilities & bills₹5,000 · 0.6% = ₹32/mo
Est.net rewards for this spend, realistic
₹3,840/yr

₹3,840 rewards − ₹0 annual fee. Estimate for the spend you entered.

Fees & Charges

Spend-Based Waiver
₹50,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.75% per month (45.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹400 and ₹5,000, capped at ₹250 per statement.
Cash Advance Charges
2.5% or ₹500 (whichever is higher)

Product Details

  • Co-branded entry card by HDFC Bank and IndianOil.
  • Joining / annual fee of ₹500 + GST, waived on annual spends of ₹50,000.
  • Available on the RuPay network.

Pros & Cons

Pros
  • Annual fee waivable on ₹50,000 spend.
  • Accelerated earn worth ≈3.2% on indianoil fuel.
Cons
  • Standard forex markup of 3.50% — suboptimal for international spend.
  • No complimentary airport lounge access.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

Accelerated rewards

  • 5 pts per ₹150 on indianoil fuel (cap 150 points / monthly)
    Merchants: indianoil-fuel-stations
    5% back (as Fuel Points) on fuel at IOC outlets — capped at 250 Fuel Points/month for the first 6 months, 150/month thereafter (cap field shows the steady-state 150).
  • 5 pts per ₹150 on groceries bill payments (cap 100 points / monthly)
    Capped at 100 Fuel Points per month per category.

Exclusions

The following spend categories earn no rewards on this card:

  • wallet loads
  • rent
  • insurance premiums
  • emi

Fuel surcharge waiver

1.0% waiver on fuel transactions between ₹400 and ₹5,000, capped at ₹250 per statement.

Sources

Last verified 5 Jul 2026. Verify with the issuer before applying.

Eligibility

Age
21–60
Credit score
720+
Income (salaried)
₹3,00,000 p.a.
Income (self-employed)
₹6,00,000 p.a.
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