IndianOil HDFC Bank Credit Card
HDFC · RUPAY★ 4.3/ 5
✓ Details last verified 1 Jan 2026
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Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹250 in vouchers, points or cashback on card activation
5% on Fuel
5% as Fuel Points at IndianOil outlets
1% on Other
1% base value on other spends
Annual Fee Waiver
Fee of ₹500/yr fully waived when you spend ₹50,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹250/month
UPI Linked
Link to PhonePe, GPay or Paytm and earn credit card rewards on UPI payments
⛽ FUEL BENEFITS
Co-branded card — maximum savings at IndianOil stations.
Up to 5%
Fuel reward rate
1%
Surcharge waiver
₹250
Waiver cap/month
PARTNER FUEL STATIONS
- Co-branded card — maximum rewards at IndianOil fuel stations
- Up to 5% effective return on fuel purchases
- 1% fuel surcharge waiver at all fuel stations
IndianOil HDFC earns 5% as Fuel Points at every Indian Oil (IOCL) outlet across India — the densest fuel retail network in the country. Suresh refuels ₹4,000/month at IOCL: that's ₹2,400/year in Fuel Points redeemable for free fuel, plus the 1% surcharge waiver saving him ₹480/year. Total: ₹2,880 back on a ₹500 fee card (waived at ₹50,000 annual spend — easy).
Who is this for?
For car owners who refuel at Indian Oil pumps. If your nearest petrol station is IOCL and you spend ₹3,000+ per month on fuel, this card pays for itself instantly. The RuPay variant links to UPI for additional everyday cashback.
At a glance
Full reward structure
What you earn on every rupee, per spend category. Rates assume 1 pt = ₹0.30 (up to ₹1.00 via best route). How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Fuel | reward points | 5% | ₹1,000 |
| Other | reward points | 1% | — |
Fuel: 5% as Fuel Points at IndianOil outlets · Indian Oil (IOCL)
Other: 1% base value on other spends
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying.
Should you get it?
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on Fuel (5% back).
Eligibility & documents
What your hdfc reward points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Standard catalogue & cashback
Up to ₹0.50/pt on travel via SmartBuy
Premium cards (Infinia/Diners Black) — best value
✈ TRANSFER PARTNERS
The concern
Fuel Points redeem only against fuel and the non-fuel earn is negligible — this is a one-category card by design.
Bottomline
CardAdvisor Rating: 4.3 / 5The IndianOil HDFC card is the default fuel card for most of India by pump availability alone. The ₹50,000 waiver threshold is nearly automatic for any car owner. Boring, effective, recommended for IOCL-side commuters.
SOURCES & VERIFICATION
Fees, reward rates, and benefits for the IndianOil HDFC Bank Credit Card are taken from HDFC's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
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