HDFC Bank
HDFC Bank IndianOil Credit Card
4.0 / 5rupay · visa
- Joining fee
- ₹500
- Annual fee
- ₹500
- Base reward
- 0.64%
- Min income
- ₹1,44,000/mo
- Forex markup
- 3.5%
- Interest p.a.
- 45%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Fuel | 3.2% | ₹5,000 |
| Groceries | 3.2% | ₹3,000 |
| Utilities & bills | 3.2% | ₹3,000 |
Benefits
- ▸1% fuel surcharge waiver across all petrol pumps on transactions of Rs 400 to Rs 5,000 (max Rs 250 waiver per statement cycle)
- ▸RuPay variant can be linked to UPI for payments
- ▸Fuel Points are redeemable for fuel at IndianOil outlets at the highest value (1 FP = Rs 0.96), or for catalogue products / cashback at Rs 0.20 per FP
- ▸Fuel Points valid for 2 years from date of accumulation
The good
- + Strong fuel rewards: 5% value as Fuel Points at IndianOil outlets (~3.2% value-back at fuel redemption)
- + Low Rs 500 joining/renewal fee, waived on Rs 50,000 annual spend
- + 1% fuel surcharge waiver across all petrol pumps
- + RuPay variant supports UPI-linked payments
- + Also earns accelerated Fuel Points on groceries and bill payments
The catch
- − Fuel Points are most valuable only when redeemed for fuel at IndianOil (Rs 0.96/FP); other redemptions drop to Rs 0.20/FP
- − Tight monthly caps on accelerated earning (250 FP first 6 months, then 150 FP/month on fuel; 100 FP on groceries and on bills)
- − No lounge access or travel benefits
- − Low 1 FP per Rs 150 (~0.64%) base earning on all other spends