For those who frequently hit the road, the HDFC Indian Oil Credit Card emerges as a standout choice, especially for fuel savings. This card, a result of the collaboration between HDFC Bank and Indian Oil Corporation Ltd (IOCL), offers a plethora of benefits specifically aimed at reducing your fuel expenses while providing additional rewards. Let’s dive into what makes the HDFC Indian Oil Credit Card a must-have for fuel spenders.
Key Highlights of HDFC Indian Oil Credit Card
|Rs. 500 (waiver on spending Rs. 50,000 in the previous year)
|Up to 50 liters of free fuel annually
|Earn 5% back as ‘Fuel Points’ on fuel spends at Indian Oil outlets
– Get up to 250 gasoline points in the first 6 months
|Grocery and Bill Payments
|Earn up to 100 gasoline points every month
– Earn 1 gasoline point for every Rs. 150 spent on other purchases
|Annual fee waiver on spends over Rs. 50,000
|Fuel Surcharge Waiver
|1% surcharge waiver on fuel transactions
Why opt for HDFC Indian Oil Credit Card?
- Fuel Point Accrual: The card offers accelerated Fuel Points on spends at Indian Oil outlets, grocery stores, and on bill payments.
- Versatile Rewards: Apart from fuel, earn points on other categories, enhancing the overall utility of the card.
- Complimentary Membership: Enjoy the Indian Oil XTRAREWARDSTM Program membership.
- Renewal Fee Waiver: The annual fee gets waived off on reasonable yearly spending.
Eligibility Criteria and Documentation
|Minimum Rs. 10,000 per month
|ITR > Rs. 6 lakh per annum
Documentation Required: ID proof, address proof, income proof (PAN card, Form 16, IT Returns)
Who Should opt for this Card?
This card is ideal for you if:
- You frequently refuel at Indian Oil outlets.
- You want to earn rewards on your grocery and bill payments.
- You are looking for a card with a reasonable annual fee and good fuel-related benefits.
The HDFC Indian Oil Credit Card is a boon for vehicle owners and frequent travelers. With benefits extending beyond just fuel transactions, it stands as a versatile credit card choice. If your lifestyle involves considerable spending on fuel, groceries, and bill payments, this card can offer substantial annual savings.
Similar Credit Cards
|Credit Card Name
|HDFC Bharat Cashback Credit Card
|5% cashback on fuel
|Indian Oil Axis Bank Credit Card
|4% value back on fuel purchase
Other HDFC Bank Credit Cards
|HDFC Diners Black
|HDFC Tata Neu Infinity
|HDFC Diners Privilege
|HDFC Business Moneyback
|HDFC Shoppers Stop Black
|HDFC Indian Oil
|HDFC Tata Neu Plus
|HDFC Moneyback Plus