INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official hdfcbank.com (HDFC Bank Ltd.) Most Important Terms and Conditions (MITC).

🏛️HDFC Bank Ltd.Network: Visa / RuPayFuel CardsLast Verified: 2026-09-28

HDFC IndianOil Credit Card

एचडीएफसी इंडियनऑयल क्रेडिट कार्ड

Co-branded fuel card offering 5% value back as Fuel Points at IndianOil petrol pumps, grocery savings, and RuPay UPI payment capability.

Annual Fee₹500 + GST (Renewal: ₹500 + GST)

Reward Rate5% of spends as Fuel Points at IndianOil petrol pumps (up to 250 Fuel Points per month for first 6 months, 150 FP/month thereafter). 5% Fuel Points on grocery and bill payments (up to 100 FP/month per category). 1 Fuel Point per ₹150 on all other retail transactions.

Airport LoungeNo complimentary airport lounge access is included on this entry-level fuel card.

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

HDFC IndianOil Credit Card is a specialized fuel savings card designed for two-wheeler and four-wheeler commuters who refuel at IndianOil (IOCL) stations. It provides 5% value back in Fuel Points on petrol/diesel refills and grocery spends with an easy ₹50,000 spend-based fee waiver.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹500 + GST (Renewal: ₹500 + GST)

Fee Waiver: Spend ₹50,000 or more in each preceding anniversary year to get the annual renewal fee of ₹500 waived.

🎁Welcome Benefit

Complimentary 250 Fuel Points credited upon payment of joining fee and card activation.

⚡Reward Points Structure

5% of spends as Fuel Points at IndianOil petrol pumps (up to 250 Fuel Points per month for first 6 months, 150 FP/month thereafter). 5% Fuel Points on grocery and bill payments (up to 100 FP/month per category). 1 Fuel Point per ₹150 on all other retail transactions.

Redemption Value: 1 Fuel Point = ₹0.96 when redeemed against IndianOil fuel purchases via IndianOil XTRAREWARDS Program (IXRP). Points can also be redeemed for catalog merchandise at 1 FP = ₹0.20.

🛫Airport & Railway Lounge Access

No complimentary airport lounge access is included on this entry-level fuel card.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Standard fraud liability cover up to credit limit under zero lost card liability.

Fuel Surcharge: 1% fuel surcharge waiver across all fuel stations in India on transaction amounts between ₹400 and ₹5,000 (maximum waiver of ₹250 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Earn up to 50 litres of free fuel annually through accumulated Fuel Points. Annual fee waiver on ₹50,000 annual spend.

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Monthly fuel points are capped at 250 FP (first 6 months) and 150 FP thereafter, restricting utility for commercial or heavy fleet drivers. No airport lounge access. Redemption value is highest only when converted at IOCL pumps via XTRAREWARDS POS.

Forex Markup Fee3.50% + GST on foreign currency transactions.

Cash Advance Fee2.5% of withdrawn amount or ₹500 (whichever is higher) + 3.60% monthly finance charges.

Finance Charges (Interest)3.60% per month (43.20% per annum) on revolving balances.

Late Payment SlabsNil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹600 for ₹1,001–₹5,000; ₹800 for ₹5,001–₹10,000; ₹1,100 for ₹10,001–₹25,000; ₹1,300 for above ₹25,000 (+ GST).

Reward Points ExpiryFuel Points expire 2 years (24 months) from the date of accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions at non-IOCL pumps, wallet loads, rent payments, educational institutional fees, and government tax payments.

Eligibility Criteria

Salaried Indian individuals aged 21 to 60 with monthly salary exceeding ₹20,000. Self-employed individuals aged 21 to 65 with annual ITR exceeding ₹6,00,000.

Age Requirement21 to 60 Years

Minimum Income₹20,000/month (Salaried) / ₹6,00,000/year ITR (Self-Employed)

CIBIL Score NoteA credit score of 720+ is standard.

SBI RelationshipNot mandatory. Available on RuPay network for direct UPI payment integration.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit hdfcbank.com or access HDFC MobileBanking app.

2Enter PAN and mobile number to verify basic eligibility.

3Select HDFC IndianOil Credit Card (choose RuPay variant for UPI payments).

4Fill in employment details, designation, and residential address.

5Complete online Video KYC session with bank official.

6Card is approved and dispatched via courier within 3 to 5 business days.

Branch Application for Offline Applicants

Apply at any HDFC Bank branch by submitting self-attested copies of PAN, Aadhaar, salary slip, and a passport-size photo.

Visit Official Card Page (hdfcbank.com)Download Official MITC (PDF)

Documents Required

1. PAN Card (statutory requirement)

2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID

3. Proof of Income: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Sheet

4. Passport-size photograph.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on HDFC IndianOil Credit Card?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹600 for ₹1,001–₹5,000; ₹800 for ₹5,001–₹10,000; ₹1,100 for ₹10,001–₹25,000; ₹1,300 for above ₹25,000 (+ GST).. In addition, revolving finance charges at 3.60% per month (43.20% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on HDFC IndianOil Credit Card into EMI?

Yes, HDFC Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on HDFC IndianOil Credit Card?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into HDFC Bank Ltd.'s official mobile banking application or web portal. 1 Fuel Point = ₹0.96 when redeemed against IndianOil fuel purchases via IndianOil XTRAREWARDS Program (IXRP). Points can also be redeemed for catalog merchandise at 1 FP = ₹0.20. Please note: Fuel Points expire 2 years (24 months) from the date of accrual.

What is the interest-free grace period on HDFC IndianOil Credit Card and how does it work?

The interest-free period on HDFC IndianOil Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.60% per month (43.20% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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