IndianOil HDFC Bank Credit Card review: fees, rewards and eligibility
The IndianOil HDFC Bank Credit Card has a recorded annual fee of ₹500 plus GST and a base earn of 0.67% in Fuel Points. CardMasters checked its issuer terms on 2026-08-08. Affiliate commission never changes ranking; confirm final terms and approval with HDFC Bank.
IndianOil HDFC Bank Credit Card: short answer
The IndianOil HDFC Bank Credit Card is in the entry tier of HDFC Bank credit cards, with a joining fee of ₹500, an annual fee of ₹500 plus GST (waived on ₹50,000 of eligible annual spend), a base earn of 0.67% in Fuel Points and a 3.5% forex markup. Rewards are not earned on rent, wallet load, government, non IndianOil fuel. It suits fuel, groceries, bills utilities spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-08-08. Confirm final terms with the issuer.
Reward structure
0.67% base rewards in Fuel Points.
- 5 points per ₹100 on IndianOil outlets (150 points monthly cap) — 5 Fuel Points per ₹100; cap is 250 points/month for the first 6 months, then 150 points/month. IndianOil merchant routing is required, so generic fuel spend is not modeled.
- 5 points per ₹100 on grocery (100 points monthly cap) — 5 Fuel Points per ₹100, capped at 100 Fuel Points/month
- 5 points per ₹100 on utility and bill payments (100 points monthly cap) — 5 Fuel Points per ₹100, capped at 100 Fuel Points/month
Eligibility and important limits
minimum age 21, maximum salaried age 60, published monthly income floor ₹12,001 HDFC publishes gross monthly income above ₹12,000 for salaried applicants and annual ITR above ₹6 lakh for self-employed applicants; no numeric bureau-score cutoff is published on the issuer page. Approval remains solely at the issuer’s discretion.
Does not earn: rent, wallet load, government, non IndianOil fuel.
Frequently asked questions
What is the annual fee for the IndianOil HDFC Bank Credit Card?
The published annual fee in our current record is ₹500 plus applicable GST. It can be waived after ₹50,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the IndianOil HDFC Bank Credit Card?
0.67% base rewards in Fuel Points. Accelerated routes include 5 points per ₹100 on IndianOil outlets (150 points monthly cap); 5 points per ₹100 on grocery (100 points monthly cap); 5 points per ₹100 on utility and bill payments (100 points monthly cap). Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the IndianOil HDFC Bank Credit Card?
The current issuer-sourced exclusions recorded by CardMasters include rent, wallet load, government, non IndianOil fuel. Merchant category coding and issuer terms determine final eligibility.
Who should consider the IndianOil HDFC Bank Credit Card?
It is most relevant for people focused on fuel, groceries, bills utilities, upi credit. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the IndianOil HDFC Bank Credit Card worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹500 plus GST each year. The fee is waived at ₹50,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the IndianOil HDFC Bank Credit Card?
The published minimum age is 21. The published monthly income floor is ₹12,001. HDFC publishes gross monthly income above ₹12,000 for salaried applicants and annual ITR above ₹6 lakh for self-employed applicants; no numeric bureau-score cutoff is published on the issuer page. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the IndianOil HDFC Bank Credit Card?
The recorded foreign-currency markup is 3.5% before GST. On ₹1,00,000 of international spend that is about ₹3,500 in markup, so compare it against any rewards earned on overseas transactions.
Does the IndianOil HDFC Bank Credit Card offer airport lounge access?
Domestic lounge access: none. International lounge access: none. Spend conditions and guest charges are set by the issuer and can change.