HDFC Bank
IndianOil HDFC Bank Credit Card
Annual Fee
₹590₹500 + GSTBase Reward
5% points
Foreign Markup
3.5%
Product Highlights
- 5% Fuel Points on IndianOil outlets, groceries, and bill payments
- 1 Fuel Point on every ₹150 spent on other purchases
- Up to 50 liters of free fuel annually
Category Rewards
grocery
5% Fuel Points on Groceries + Bill Payments
5X
utilities
5% Fuel Points on Groceries + Bill Payments
5X
Fee Waiver
Waived on ₹20,000 spend in first 90 days
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
IndianOil retail outlets
5% Fuel Points at IndianOil (IOCL) outlets
Reward Calculator
Earns ₹510/year (net)
Modest gain. Solid hold if you like the perks.
₹16K
across all your buckets
4.4K
Fuel Points
₹1.1K
via statement credit · ₹0.25/pt
Effective rate
0.57%
Annual fee
₹590
Year 1 net
+₹510
Year 2+ net
+₹510
ongoing
Adjust your spend by reward bucket
3 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
wallet, rent, government, supermarkets, tax, emi, vending machine, package stores, bakeries, cash advance, insurance
Fuel surcharge waiver (good news)
1%Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
5% Fuel Points on spends at IndianOil outlets, groceries, and bill payments. 1 Fuel Point for every ₹150 spent on other purchases.
- 1 Fuel Point = ₹0.96 for fuel, ₹0.20 for catalogue products, and ₹0.20 for cashback.
Benefits & Features
N/A
Pros & Cons
Pros
- High 5% Fuel Points on IndianOil outlets and groceries
- Ability to link with UPI for easy payments
Cons
- Initial cap of 250 Fuel Points for first 6 months
- No Fuel Points on government transactions and rentals
Additional Info
Fuel Points are valid for 2 years from the date of accumulation.
No Fuel Points will be earned for wallet reloading, government transactions, EMI transactions, rental payments, and gold purchases.
Renewal fee can be waived by spending ₹50,000 in the previous year.
Monthly max cap for Fuel Points accrued on IndianOil Outlets for the first 6 months is 250 FP, post 6 months is 150 FP.
Excluded Categories
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
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Fees & Charges
Eligibility
Min Age
21 yrs
Salaried
₹1.4L+
Self-Emp
₹6.0L+
Networks
Fee Waiver
Waived on ₹20,000 spend in first 90 days