The IndianOil HDFC Bank Credit Card is a collaborative credit card offered by HDFC Bank in association with IndianOil, a prominent petroleum company in India.
This co-branded credit card is specifically designed to provide advantages and rewards to individuals who frequently make fuel and related purchases at IndianOil outlets.
This card offers rewards in the form of fuel points, allowing you to make fuel purchases at Indian Oil Petrol pumps.
Axis Bank provides a similar credit card, the ‘IndianOil Axis Bank Credit Card,’ in collaboration with the Indian Oil Corporation Limited, presenting a notable alternative to this card.
By utilizing the earned fuel points, you can enjoy up to 50 liters of complimentary fuel each year.
Furthermore, cardholders receive a complimentary membership in the IndianOil XTRAREWARDS Program (IXRP), enabling the redemption of fuel points at an attractive rate of 1 FP = Re. 0.96.
This redemption rate adds substantial value. Beyond fuel, you have the flexibility to redeem your accumulated fuel points for products, vouchers, and various other categories. The card comes with a modest joining fee of Rs 500, which can be waived if you spend Rs 20,000 within the initial 90 days of card issuance.
Table of Contents
Benefits and Features of IndianOil HDFC Bank Credit Card
| Benefits and Features | IndianOil HDFC Bank Credit Card |
|---|---|
| Welcome Benefits | N/A |
| Cashback/Rewards Points | Gain 5% in Fuel Points with each purchase at IndianOil outlets, as well as on groceries and bill payments. Additionally, accrue 1 Fuel Point for every Rs. 150 spent on all other transactions. With a potential reward rate reaching up to 4.8%, this credit card stands out as an exceptionally rewarding choice for both fuel-related expenses and everyday spending. |
| Travel Benefits | N/A |
| Dining Benefits | Enjoy a 2.5% savings on your dining expenditures. |
| Domestic Lounge Access | N/A |
| International Lounge Access | N/A |
| Movie Benefits | N/A |
| Insurance Benefits | N/A |
Spend-Based Waiver
Receive a waiver on the annual renewal fee by achieving annual spends of Rs 50,000 or more in the preceding year. Transform your IndianOil HDFC Bank Credit Card into a lifetime free card by fulfilling the following condition within the initial 90 days of card issuance:
Activate any one of the following services:
- Balance Transfer
- One Assist
- General Insurance
- SmartPay
To secure a lifetime free status, the cardholder needs to make two purchases through SmartPay or one purchase and one bill payment via SmartPay.
Reward
This card allows you to accumulate Reward Points in the form of Fuel Points. Earn up to 5% in Fuel Points on your purchases at IndianOil outlets, as well as on groceries and bill payments. In the initial 6 months, enjoy a maximum of 250 Fuel Points per month, and post the first 6 months, receive a maximum of 150 Fuel Points each month (from card issuance).
For transactions at other fuel stations, receive 1 Fuel Point for every Rs. 150 spent. Additionally, earn 1 Fuel Point for every Rs. 150 spent on all other purchases. It’s worth noting that these fuel points have a validity of 2 years and expire after this period.
Eligibility & Document for IndianOil HDFC Bank Credit Card
Read the article on CardsPreview.com for IndianOil HDFC Bank Card Eligibility & Document here.
Fees & Charges
| Fees & Charges | IndianOil HDFC Bank Credit Card |
|---|---|
| Joining fee | Rs. 500 |
| Annual fee | Rs. 500 |
| Fee waiver | The Annual fee will be waived off on the spend of Rs 50000 |
| Fuel surcharge | 1% fuel surcharge is waived off for all fuel transactions* |
How to Apply for an IndianOil HDFC Bank Credit Card
You can apply online or offline for this IndianOil HDFC Bank Card.
Online – Visit HDFC Bank’s official website and apply for this IndianOil HDFC Bank Card.
Offline – You can visit the nearest HDFC Bank branch with all the necessary documents for the IndianOil HDFC Bank Card.
