HDFC

HDFC Bank IndianOil Credit Card

Good fit when rewards, fees, and forex fit your spend pattern.

Should you get this?

Usually skip

Some details need issuer confirmation

Why this card

  • Low annual fee of ₹500.
  • Published base rewards of 1 Fuel Points / ₹150.
Issuer evidence · 3 sources →

Trade-off

The annual fee (₹500) is waived only when eligible annual spend exceeds ₹50,000.

Annual fee ₹500 per year
Rewards 1 Fuel Points / ₹150
Forex markup 3.5% high
Compare with Axis Bank IndiGo →

Similar tier comparison

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
General spend incl. UPI1 Fuel Points / ₹150Credited as reward points · additional conditions apply — not fully modelled—
IndianOil in-store (POS)5%Credited as reward points · additional conditions apply — not fully modelled150 Fuel Points per month; at 5%, this lane reaches the cap at ₹3,000 of eligible spend
Grocery5%Credited as reward points · spend threshold not fully modelled100 Fuel Points per month; at 5%, this lane reaches the cap at ₹2,000 of eligible spend
Utilities5%Credited as reward points · spend threshold not fully modelled100 Fuel Points per month; at 5%, this lane reaches the cap at ₹2,000 of eligible spend

Redemption value

What a Fuel Point is worth

  1. Fuel₹0.96 / pt
  2. Cash redemption value₹0.20 per Fuel Point
  3. Catalogue₹0.2 / pt

How to avoid the annual fee

Spend threshold for waiver
Above ₹50K annual eligible spend required for the waiver

Above ₹50K eligible annual spend waives the fee

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

1 Fuel Points per ₹150 on eligible spend

Verified value

₹0.96 per point

Fuel

Ranking floor

₹0.2 per point

(conservative floor)

₹0.96 per point (best documented)

Caps

  • Grocery100 Fuel Points per month
    Why?

    at 5%, this lane reaches the cap at ₹2,000 of eligible spend

  • Utilities100 Fuel Points per month
    Why?

    at 5%, this lane reaches the cap at ₹2,000 of eligible spend

  • IndianOil in-store (POS)150 Fuel Points per month
    Why?

    at 5%, this lane reaches the cap at ₹3,000 of eligible spend

View full earning rules →

Realisation

Credited as reward points

Costs & fees

Eligibility

Applicant class · age · income

Reported criteria · as stated by sources

Salaried applicant

Minimum age
21 years or older
Net monthly income
Above ₹12,000
Gross monthly income
Above ₹12,000

Issuer-stated · not yet decision-ready2 issuer sources · Issuer source

Self-employed applicant

Minimum age
21 years or older
Annual ITR
Above ₹6,00,000

Issuer-stated · not yet decision-ready2 issuer sources · 2 issuer sources + 1 other source

Supplementary applicant

Minimum age
15 years or older

Reported by secondary sources · verify with issuer1 other source

Evidence only · excluded from decisions

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Annual fee waiver₹50,000yearAnnual fee waiver

Watch outs

Before choosing this card
  • Forex markup is 3.5%, so frequent international spends may be costly.
  • Lounge access not verified.

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Based on the standard earn rate (1 Fuel Points / ₹150). Up to ~330 Fuel Points/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
  • Worth ~₹70 at the conservative redemption floor
  • Fee waiver achievable at this spend
  • Forex cost ~₹1,750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
Lounge access not verified

Rewards

Base earn
1 Fuel Points per ₹150 value depends on redemption
Effective return (honest floor)
~0.133% base at the catalogue redemption floor; up to ~0.64% through documented fuel-point redemption · verified 6 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
Headline point value
₹0.96 per Fuel Point · verified 6 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
Point validity
Points expire 2 years after earning · verified 7 Jul 2026
Fees & charges

Fees

Monthly interest rate
3.75% / month
Annual fee
₹500
Joining fee
₹500 · verified 6 Jul 2026
Fee waiver spend
Above ₹50,000 · verified 6 Jul 2026 Annual fee waived on eligible anniversary-year spend above ₹50,000.
Interest-free period
Up to 50 days · verified 7 Jul 2026
Late-payment charge
₹100–₹1,300 depending on outstanding balance Exact charge depends on your outstanding balance per issuer tiers.

International Use

Forex markup
3.5%

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Product tier
Mid-tier

Travel & perks

Fuel Benefits

At the pump
  • 1% fuel surcharge waived on transactions ₹400–₹5,000.
  • Maximum waiver ₹250 per month.
  • Fuel transactions do not earn reward points.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
SIDE BY SIDE
HDFC Bank IndianOil
vs
Axis Bank IndiGo
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HDFC Bank IndianOil
vs
Axis Bank My Zone
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HDFC Bank IndianOil
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HSBC India Live+
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HDFC Bank IndianOil
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ICICI Bank Coral RuPay

The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

  • IndianOil cap: 150 Fuel Points per month; at 5%, this lane reaches the cap at ₹3,000 of eligible spend.
  • Grocery cap: 100 Fuel Points per month; at 5%, this lane reaches the cap at ₹2,000 of eligible spend.
  • Utilities cap: 100 Fuel Points per month; at 5%, this lane reaches the cap at ₹2,000 of eligible spend.

Exclusions

These spends do not earn reward points.

Payments

  • Rent

Latest update

  • Annual fee: ₹500.
  • Forex markup currently listed at 3.5%.
  • Lounge access not verified.

Common questions

From verified card facts

Is this good for lounge access?

Lounge access is not fully verified. Check issuer terms before relying on this card for lounge access.

Is this good for international spends?

Forex markup is 3.5%, so frequent international spends may be costly.

Is the annual fee easy to recover?

Fee waiver applies above ₹50,000 annual spend. Verify eligible spend exclusions before counting on it.

Learn

Learn more

Guides matched to this card — not a random syllabus.

All guides →
Last refreshed 6 Sept 2026 moneymatters.cards Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

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