Which card has a lower forex fee: IndianOil HDFC Bank Credit Card or ICICI Bank Coral RuPay Credit Card?

Both cards have the same forex markup (3.5%).

Which card has a lower annual fee: IndianOil HDFC Bank Credit Card or ICICI Bank Coral RuPay Credit Card?

Both cards have the same annual fee (₹500 annual fee).

Which card offers better lounge access?

IndianOil HDFC Bank Credit Card: Lounge access not verified. ICICI Bank Coral RuPay Credit Card: 1 per quarter domestic lounge.

Which card has a higher base reward rate?

ICICI Bank Coral RuPay Credit Card has higher conservative base reward value (~0.5% vs ~0.13%).

Pairwise comparison Compare 3+ cards →

HDFC Bank IndianOil vs ICICI Bank Coral RuPay Credit Cards – Fees, Lounge, Forex

Side-by-side comparison of the HDFC Bank IndianOil and the ICICI Bank Coral RuPay. Verify fees, lounge access, forex markup, and base rewards before you apply.

IndianOil

Coral RuPay

The short answer

Verdict

Pick Coral RuPay for upi.

Head-to-head

Three core metrics

Annual fee

IndianOil ₹500 Waivable at ₹50,000 spend

Coral RuPay ₹500 Waivable at ₹1,50,000 spend
Forex markup

IndianOil 3.5%

Coral RuPay 3.5%
Domestic lounge

IndianOil Lounge access not verified

Coral RuPay 4/year (1 per quarter) Conditional · Domestic: 1/quarter · requires ₹75,000 spend in the previous calendar quarter (unlocks the following quarter)

Reward earning explained

Per card

IndianOil

1 Fuel Points / ₹150

Strong data

Coral RuPay

2 pts / ₹100

Limited data

Pick based on what matters

4 dimensions

Start with the constraint you care about most: annual fee (HDFC Bank IndianOil: ₹500 vs ICICI Bank Coral RuPay: ₹500), forex markup (3.5% vs 3.5%), or lounge access (Lounge access not verified vs 4/year (1 per quarter)).

Forex markup Tie

Both cards are similar for forex

Forex markup is 3.5%.
Lounge access Tie

Both cards are similar for lounge access

No verified lounge entitlement or explicit no-lounge evidence on file. Domestic lounge access is 1 per quarter.
Rewards Tie

Both cards are similar for rewards

HDFC Bank IndianOil conservative base value ~0.1% vs ICICI Bank Coral RuPay's ~0.5%. ICICI Bank Coral RuPay conservative base value ~0.5% vs HDFC Bank IndianOil's ~0.1%.
upi ICICI Bank Coral RuPay wins

ICICI Bank Coral RuPay is better for UPI usage

ICICI Bank Coral RuPay is stronger here. Supports UPI via RuPay network.

All fields

Standard view

Example usage at this monthly spend

At ₹50k/month spend:

Coral RuPay: ~₹250/month at base rate
IndianOil HDFC Bank: ~₹70/month at base rate

Illustrative only, using current base rates before caps.

Field	IndianOil HDFC Bank	Coral RuPay ICICI Bank
Lounge Access
Domestic lounge visits spend-gated on some cards — see caveats Only available for Coral RuPay	Not specified	4/year (1 per quarter)
International lounge visits Only available for Coral RuPay	Not specified	No international lounge access
Forex / International Use
Forex markup	3.5%	3.5%
Fees
Recurring annual fee	₹500	₹500
Annual-fee waiver ₹50,000 vs ₹1,50,000	₹50,000	₹1,50,000
Interest-free period Up to 50 days vs Up to 48 days	Up to 50 days	Up to 48 days
Monthly interest rate	3.75% / month	3.75% / month
Late-payment charge	₹100–₹1,300 depending on outstanding balance	₹100–₹1,300 depending on outstanding balance
Fuel benefit 1% surcharge waiver · ₹400–₹5,000 transactions · ₹250/month waiver cap · Fuel rewards excluded vs 1% surcharge waiver · ₹400–₹4,000 transactions · Fuel rewards excluded	1% surcharge waiver · ₹400–₹5,000 transactions · ₹250/month waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹400–₹4,000 transactions · Fuel rewards excluded
Rewards
Base earn Some reward lanes are unsupported — base rate only for comparison. 1 Fuel Points / ₹150 vs 2 pts / ₹100	1 Fuel Points / ₹150	2 pts / ₹100
Conservative base value ~0.1% vs ~0.5%	~0.1%	~0.5%
Earn ceiling 150 Fuel Points per month; at 5%, this lane reaches the cap at ₹3,000 of eligible spend vs Eligible spend capped at ₹20,000 per statement cycle	150 Fuel Points per month; at 5%, this lane reaches the cap at ₹3,000 of eligible spend	Eligible spend capped at ₹20,000 per statement cycle
Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. ₹0.96 vs ₹0.25	₹0.96	₹0.25
Point validity Only available for IndianOil HDFC Bank	2 years	Not specified

Notes

ICICI Bank Coral RuPay Credit Card: Condition: ₹75,000 spend in the previous calendar quarter (unlocks the following quarter)
Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.

HDFC Bank IndianOil

Verify with issuer

ICICI Bank Coral RuPay

Verify with issuer