Visa, RuPay 📡 Contactless NFC

IndianOil HDFC Bank Credit Card

Joining Fee₹500

Annual Fee₹500

Forex Markup 3.5%

Apply Now →

⚖️ Card Verdict & Target Persona

Who Should Apply

Commuters and motorists fueling regularly at IndianOil (IOCL) pumps looking for 5% fuel valueback, grocery points, and RuPay UPI support.

Who Should Avoid

Users fueling at HPCL or BPCL stations or those seeking airport lounge access.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Complimentary membership in the IndianOil XTRAREWARDS Program + 250 Fuel Points upon completing 1 transaction within 37 days

5% Fuel Points at IndianOil Stations

Earn 5% of fuel spends as Fuel Points at IndianOil outlets (up to 250 Fuel Points/month for first 6 months, 150 points/month thereafter).

5% Fuel Points on Groceries & Bills

Earn 5% of spends as Fuel Points on Groceries and Bill Payments (capped at 100 points/month each).

Spend-Based Annual Fee Waiver

Annual renewal fee of ₹500 is waived off on spending ₹50,000 or more in the previous anniversary year.

💰 Reward Structure & Point Valuation

1 Fuel Points = ₹0.96

Standard Base Earning

1 Fuel Point per ₹150 spent on all other retail purchases (0.64% return)

Accelerated / Partner Rate

5% of spends as Fuel Points at IndianOil outlets (1 Fuel Point = ₹0.96 of fuel via IOCL XTRAREWARDS); 5% on Grocery and Utility bill payments (capped at 100 points/month each)

Points Validity:24 Months

Redemption Fee: ₹99 + GST / cycle

Redemption Modes: Instant Fuel Redemption at IOCL Petrol Pumps via XTRAREWARDS (1 FP = ₹0.96), Catalog products and gift vouchers (1 FP = ₹0.20), Direct Statement Credit (1 FP = ₹0.20)

🚫 No Reward Points / Cashback on:

Non-IOCL Fuel Wallet Loads Government Transactions Rent Payments Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✗ No Free Lounge Access

🛫

Domestic Lounge VisitsNone

🌐

International Lounge VisitsNone

⚠️

Spend Criteria: None

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹50,000/yr

Annual renewal fee of ₹500 is waived off on spending ₹50,000 or more in the previous anniversary year

UPI Payments Support✓ Supported (RuPay)

1 Fuel Point per ₹150 on eligible RuPay merchant UPI transactions

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹400 and ₹5,000 at all fuel stations (Capped at ₹250/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit21 - 60 Years

Min. Monthly Income₹20,000

Min. Credit Score720 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.60% per month (43.20% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,300

Official Bank Portal Application

Get the IndianOil HDFC Bank Credit Card

Annual Fee: ₹500/yr (Waivable)

Apply Online Now →

Personalized Card Matcher

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Frequently Asked Questions

No, IndianOil HDFC Bank Credit Card has a joining fee of ₹500 and an annual renewal fee of ₹500 (plus applicable taxes).

IndianOil HDFC Bank Credit Card ₹500/yr