Indian Oil HDFC Bank Credit Card

The HDFC Bank IndianOil Credit Card is a credit card designed for frequent drivers and those who spend at IndianOil outlets.  And the IndianOil HDFC Bank Credit Card gives you good travel benefits at the annual fee it charges. Users can earn ‘Fuel Points’ not only on their fuel expenses but also on grocery and bill payments. Earned points can be used to get free fuel at select Indian Oil outlets

Card Type: Fuel

Rewards: 

• free fuel annually up to 50 Ltr.

  • You get 5% fuel points on transactions at IndianOil outlets (limited to 250 points per month in the first 6 months and 150 points per month )
  • Earning you 5% as fuel points on groceries and bill payments (limited to 100 points per month)
  • You get 1 Fuel Point for every ₹150 spent on other purchases

• Complimentary membership in the IndianOil EXTRA REWARDS program (IXRP)

Fuel Benefits:

• 1% fuel surcharge waiver on all fuel transactions above ₹400.

Other Features:

• Option to convert large purchases into EMIs.
• Contactless payment for faster transactions.
• Fuel Points are valid for 2 years.
• Zero Lost card liability: In the unfortunate event of you losing your IndianOil HDFC Bank Credit Card, report it immediately to our 24-hour call center. After reporting the loss, you will have no liability for any transactions on your credit card.
• Revolving Credit:  You are given the facility of revolving credit on your Indian Oil HDFC Bank Credit Card at nominal interest rates
• Complimentary IndianOil XTRAREWARDS^TM Program (IXRP) membership

Fees And Charges:

• Joining/Renewal Membership Fee: Rs. 500/- plus Applicable Taxes
• Annual fee waiver if you spent more than ₹50,000 in the previous year.
• 1% Mark-Up to be applicable on all International DCC transactions

Eligibility Criteria

Pros

• Good rewards on fuel and everyday spending:  You can earn up to 5% cashback points when you buy groceries, and fuel from IndianOil stations, and 2% cashback on all other spends.
• Low annual fee:  The annual fee of the card is very high and if you spend Rs 50,000 in a year, it is waived.
• Fuel surcharge waiver: You get 1% fuel surcharge waiver on fuel purchases above Rs.400
• Other benefits:  You get a membership to the IndianOil Extra Rewards program with the card.

Cons

• Limited redemption options:  Credit card reward points can be redeemed only on IndianOil Extra Rewards.
• Caps on monthly rewards:  You can avail of a limited limit of 1% fuel surcharge waiver on fuel purchases.
• Low value for non-fuel spending:  If you spend on any category other than fuel, you get 1% cashback which is much less than cards.
• Brand restriction:  You can avail the benefits of this card only at IndianOil outlets.

IndianOil HDFC Bank Credit Card is a good card for drivers who primarily use IndianOil pumps and spend on groceries and bills. The low annual fee and good rewards on fuel make this card attractive.

Disclaimer 

We have collected this information from the internet. If there is any change in the rewards, fees, or anything else on this credit card, then CredBanking will not take any responsibility for this. For more information about the Indian Oil HDFC Bank Credit Card, visit the official website of the bank.