IndianOil HDFC Bank Credit Card vs Paytm HDFC Bank Credit Card
A field-by-field comparison of fees, reward rates, accelerated categories, caps, exclusions, lounge access and forex markup, using each issuer's own published terms. Affiliate payout never decides the verdict.
Short answer
IndianOil HDFC Bank Credit Card and Paytm HDFC Bank Credit Card differ first on recurring cost: IndianOil HDFC Bank Credit Card has an annual fee of ₹500 + GST against ₹500 + GST for Paytm HDFC Bank Credit Card, so holding cost is identical. On rewards, IndianOil HDFC Bank Credit Card earns 0.67% in Fuel Points while Paytm HDFC Bank Credit Card earns 1% CashPoints on eligible retail spend, capped at ₹1,000/month. Both publish the same 3.5% forex markup. Neither card wins outright: the better choice depends on which accelerated categories match your spend, the monthly caps, the exclusions and issuer approval fit.
Source: CardMasters issuer-evidence catalogue, release 2026-08-25. Confirm final terms with the issuer.
| Feature | IndianOil HDFC Bank Credit Card | Paytm HDFC Bank Credit Card |
|---|---|---|
| Issuer | HDFC Bank | HDFC Bank |
| Joining fee | ₹500 + GST | ₹500 + GST |
| Annual fee | ₹500 + GST | ₹500 + GST |
| Fee waiver | ₹50,000 annual eligible spend | ₹50,000 annual eligible spend |
| Base rewards | 0.67% in Fuel Points | 1% CashPoints on eligible retail spend, capped at ₹1,000/month |
| Accelerated routes | IndianOil outlets · grocery · utility and bill payments | 3% CashPoints, capped at ₹500/month · 2% CashPoints, capped at ₹500/month |
| Reward exclusions | rent, wallet load, government, non IndianOil fuel | fuel, rent, wallet load, emi, government, education, gaming |
| Forex markup | 3.5% | 3.5% |
| Fuel surcharge waiver | 1% fuel surcharge waiver up to ₹250 per statement cycle | 1% fuel surcharge waiver on ₹400–₹5,000 fuel transactions, capped at ₹250 per statement cycle |
| Domestic lounge | none | none |
| International lounge | none | none |
| Card networks | RuPay, Visa | Visa |
| Best suited to | fuel, groceries, bills utilities, upi credit | paytm ecosystem, bills utilities, first card |
| Issuer evidence | Checked 2026-08-08 | Checked 2026-07-26 |
Frequently asked questions
Is the IndianOil HDFC Bank Credit Card better than the Paytm HDFC Bank Credit Card?
Neither is universally better. IndianOil HDFC Bank Credit Card charges ₹500 + GST a year and earns 0.67% in Fuel Points; Paytm HDFC Bank Credit Card charges ₹500 + GST and earns 1% CashPoints on eligible retail spend, capped at ₹1,000/month. The better card is the one whose accelerated categories, caps and exclusions match your actual spending, after subtracting the annual fee and GST.
Which of the two has the lower annual fee, IndianOil HDFC Bank Credit Card or Paytm HDFC Bank Credit Card?
Both cards carry the same recorded annual fee of ₹500 + GST, so the decision rests on rewards, caps and exclusions rather than holding cost.
Which is better for international spending, IndianOil HDFC Bank Credit Card or Paytm HDFC Bank Credit Card?
Both publish a 3.5% forex markup, so compare international reward eligibility and lounge access instead.
Can I hold both cards together?
Yes, provided each is approved on its own merits and you can pay both statements in full. Holding both makes sense only when their accelerated categories do not overlap; otherwise the second card adds an annual fee without adding rewards.