IndianOil HDFC Bank Credit Card
Joining Fee: ₹500 + GST
Renewal Fee: ₹500 + GST
Reward Type: Reward Points
Rewards Program
5% as Fuel Points on purchases at IndianOil outlets, groceries, and utility bill payments.
1 Fuel Point for every ₹150 spent on other categories.
Fuel Points are capped at 250 per month for the first 6 months, and 150 per month afterward.
Points are valid for 2 years.
Reward Redemption
Redeem Fuel Points for fuel at IndianOil outlets (1 Fuel Point = ₹0.96).
Redeem via product catalog or cashback (1 Fuel Point = ₹0.20).
Monthly redemption cap of 50,000 Fuel Points for cashback and travel categories.
Fuel Surcharge Waiver
1% waiver on fuel transactions above ₹400 at all fuel stations in India, with a maximum cashback of ₹250 per statement cycle.
Additional Features
UPI Compatibility: Link your card with UPI for easy mobile payments.
Spend-Based Fee Waivers: Get renewal fee waived by spending ₹50,000 annually.
Exclusions
No rewards on wallet reloads, government transactions, EMI, rent, or gold purchases.
Summary
The IndianOil HDFC Bank Credit Card is a co-branded card designed to offer exclusive fuel benefits, particularly for IndianOil customers. In partnership with Indian Oil Corporation Limited, this card rewards users with Fuel Points for purchases made at IndianOil outlets, grocery stores, and utility bill payments. With an affordable annual fee, which can be waived based on spending, it’s an excellent choice for individuals with high fuel and everyday spending needs.