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HDFC Bank
HDFC Bank IndianOil Credit Card
4.0Best for fuel spends
- Joining fee
- ₹500
- Annual fee
- ₹500
- Welcome bonus
- ₹250
- Forex markup
- 3.5%
- Interest p.a.
- 45%
- Min income
- ₹1,44,000/mo
How this card earns
Reward rates by category, with caps and an estimated yearly value.
| Spend category | Reward rate | Monthly cap | Est. value/yr |
|---|---|---|---|
Fuel 5% of spend earned as Fuel Points at IndianOil fuel stations (5 FP per Rs 150). Capped at 250 Fuel Points/month for the first 6 months, then 150 FP/month. Honest value-back assumes 1 FP = Rs 0.96 at IndianOil fuel redemption: ~Rs 4.8 per Rs 150 ~= 3.2%. monthly_cap_inr is the approx eligible spend at which the FP cap is reached (250 FP / 5 FP per Rs 150 = Rs 7,500 spend in first 6 months; ~Rs 5,000 spend thereafter at 150 FP cap). | 3.2% | ₹5,000 | ₹1,920 |
Groceries 5% as Fuel Points (5 FP per Rs 150) on groceries, capped at 100 Fuel Points/month (~Rs 3,000 eligible spend). Value-back ~3.2% at Rs 0.96/FP fuel redemption. | 3.2% | ₹3,000 | ₹1,152 |
Utilities & bills 5% as Fuel Points (5 FP per Rs 150) on bill payments, capped at 100 Fuel Points/month (~Rs 3,000 eligible spend). Value-back ~3.2% at Rs 0.96/FP fuel redemption. | 3.2% | ₹3,000 | ₹1,152 |
| All other spends | 0.64% | — | ₹768 |
Estimated yearly value assumes ₹10,000/month spend in each category, capped where the card caps rewards.
Fees & charges
Joining fee₹500
Annual fee₹500
Annual fee waiverRenewal fee waived on annual spends of Rs 50,000 or more in the previous year.
Foreign currency markup3.5%
Finance charge (p.a.)45%
Fuel surcharge waiver1%, up to ₹250/mo
Key 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
What we like
- +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
What to watch
- −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
Compare with similar cards
- Top reward
- 33%
- Annual fee
- ₹12,500
- Welcome bonus
- ₹12,500 value
HDFC BankHDFC Bank Diners Club Black Credit Card
- Top reward
- 33.33%
- Annual fee
- ₹10,000
