IndianOil HDFC Bank Credit Card vs IndianOil RBL Bank
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 IndianOil RBL Bank differ first on recurring cost: IndianOil HDFC Bank Credit Card has an annual fee of ₹500 + GST against ₹500 + GST for IndianOil RBL Bank, so holding cost is identical. On rewards, IndianOil HDFC Bank Credit Card earns 0.67% in Fuel Points while IndianOil RBL Bank earns 1 Fuel Point per ₹100 on non-fuel spend; 10 Fuel Points per ₹100 at IndianOil fuel stations. 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 | IndianOil RBL Bank |
|---|---|---|
| Issuer | HDFC Bank | RBL Bank |
| Joining fee | ₹500 + GST | ₹500 + GST |
| Annual fee | ₹500 + GST | ₹500 + GST |
| Fee waiver | ₹50,000 annual eligible spend | ₹1,75,000 annual eligible spend |
| Base rewards | 0.67% in Fuel Points | 1 Fuel Point per ₹100 on non-fuel spend; 10 Fuel Points per ₹100 at IndianOil fuel stations |
| Accelerated routes | IndianOil outlets · grocery · utility and bill payments | 10 Fuel Points per ₹100 at IndianOil fuel stations, capped at 1,000 Fuel Points per month |
| Reward exclusions | rent, wallet load, government, non IndianOil fuel | utility, insurance, irctc, rent, education, wallet load, government, emi, fees, non IOCL fuel |
| Forex markup | 3.5% | 3.5% |
| Fuel surcharge waiver | 1% fuel surcharge waiver up to ₹250 per statement cycle | 1% fuel surcharge waiver of up to ₹100 each month |
| Domestic lounge | none | none |
| International lounge | none | none |
| Card networks | RuPay, Visa | RuPay, Mastercard |
| Best suited to | fuel, groceries, bills utilities, upi credit | fuel, iocl loyalists, commuter |
| Issuer evidence | Checked 2026-08-08 | Checked 2026-08-04 |
Frequently asked questions
Is the IndianOil HDFC Bank Credit Card better than the IndianOil RBL Bank?
Neither is universally better. IndianOil HDFC Bank Credit Card charges ₹500 + GST a year and earns 0.67% in Fuel Points; IndianOil RBL Bank charges ₹500 + GST and earns 1 Fuel Point per ₹100 on non-fuel spend; 10 Fuel Points per ₹100 at IndianOil fuel stations. 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 IndianOil RBL Bank?
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 IndianOil RBL Bank?
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.