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
| Feature Category | Details |
| Annual Fee | Rs. 500 plus taxes, joining and renewal fee (renewal fee waived on spending Rs. 50,000: in the first year per the HDFC Bank product page, Rs. 50,000 per annum per the KFS) |
| Fuel Benefits | Up to 50 litres of free fuel annually, via Fuel Points redeemed for free fuel |
| Fuel Points | Earn 5% back as ‘Fuel Points’ on fuel spends at IndianOil outlets only (non-UPI transactions only) – Capped at 250 Fuel Points per month for the first 6 months, then 150 Fuel Points per month |
| Grocery and Bill Payments | Earn 5% Fuel Points on groceries and on utility/telecom bill payments, up to 100 Fuel Points per month for each category (minimum transaction Rs. 150) – Earn 1 Fuel Point for every Rs. 150 spent on other categories including UPI (minimum transaction Rs. 150), excluding fuel, rent, jewellery, government, EMI and wallet spends |
| Renewal Benefits | Renewal fee waiver on spends of Rs. 50,000 |
| Fuel Surcharge Waiver | 1% surcharge waiver at all fuel stations (minimum transaction Rs. 400, maximum transaction Rs. 5,000, maximum waiver Rs. 250 per statement cycle) |
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
| Applicant Type | Age Range | Income Requirement |
| Salaried | 21-60 years | Net monthly income above Rs. 12,000 |
| Self-Employed | 21-65 years | ITR > Rs. 6 lakh per annum |
Documentation Required: ID proof (PAN card is accepted), address proof, income proof (salary slips, 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 | Features |
| 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 Bharat |
| HDFC Millenia | HDFC Regalia |
| HDFC Business Moneyback | HDFC Shoppers Stop Black |
| HDFC Indian Oil | HDFC Tata Neu Plus |
| HDFC Freedom | HDFC Moneyback Plus |
