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HDFC Bank

HDFC Bank IndianOil Credit Card

4.0Best for fuel spends

Verifying

Joining fee incl. GST: ₹590
Renewal fee incl. GST: ₹590
Conditional welcome value: Up to ₹250
Forex markup: 3.5%
Interest p.a.: 45%
Min income (salaried): ₹1,20,000/yr

Welcome benefits depend on the actual offer and qualifying conditions; points and vouchers are not an automatic cash refund. The Rs 250 voucher requires card activation and at least one transaction within 37 days of the card issuance date. The IXRP membership is granted automatically and free of charge with the card.

How this card earns

Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.

Calculation coverage is still under review for this card. A recorded benefit does not mean every condition has been included in the estimate.

What still needs confirmation

First-six-month fuel enhancement is disclosed but not annualised; point rounding, redemption fees and participating outlet availability affect actual value.

Spend category	Reward rate	Reward limit
Fuel Only the qualifying merchants or payment route below 5 Fuel Points per ₹100 = 4.8% value only when redeemed at ₹0.96 per point for eligible IndianOil fuel. 150 points/month after month six; first six months allow 250 points/month (₹5,000 eligible spend). Calculator uses the ongoing ceiling.	4.8%	₹3,000 spend / month
Groceries 5 Fuel Points per ₹100 = 4.8% value only when redeemed at ₹0.96 per point for eligible IndianOil fuel. 100 points/month in this category, reached at ₹2,000 spend.	4.8%	₹2,000 spend / month
Utilities & bills 5 Fuel Points per ₹100 = 4.8% value only when redeemed at ₹0.96 per point for eligible IndianOil fuel. 100 points/month in this category, reached at ₹2,000 spend.	4.8%	₹2,000 spend / month
UPI spends Eligible ordinary merchant UPI payments: 1 Fuel Point per ₹150. Accelerated fuel rewards do not apply to UPI.	0.64%	Unverified
Other eligible purchases	0.64%	—

Excluded from ordinary earning: Fuel, Rent. Specific qualifying offers, if any, are listed above.

Overall ceiling: ₹24,000 of reward value per statement at this valuation. Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.

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 = 3 XTRAREWARD Points = Rs 0.96), or for catalogue products / cashback against the statement balance at up to Rs 0.20 per FP
Fuel Points valid for 2 years from date of accumulation
Complimentary IndianOil XTRAREWARDS Program (IXRP) membership, granted automatically and free with the card. The membership survives card closure or migration, but Fuel Points can no longer be converted into XTRAREWARD Points for fuel redemption once the card goes.
Redemption of Reward Points into cashback and travel categories is capped at 50,000 points per month per customer
Rent payments, government-related transactions, online skill-based gaming, e-wallet loading and EasyEMI transactions earn no Fuel Points (HDFC MITC v4.8, updated 2 September 2026)
Fair Usage Policy: a maximum of 25,000 Reward Points can be earned in a statement cycle on this card (HDFC MITC v4.8, updated 2 September 2026)
Fuel redemption and cash redemption differ: ₹0.96 is the eligible IndianOil fuel route; statement credit is ₹0.20 per Fuel Point.

What we like

+Strong fuel rewards: 5 Fuel Points per ₹100 at IndianOil (4.8% at eligible fuel redemption, within the cap)
+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 other eligible purchases

Eligibility

Age 21–60
Salaried income ₹1,20,000/yr (≈₹10,000/mo)
Self-employed ₹6,00,000/yr (≈₹50,000/mo)

Salaried: net monthly income above ₹10,000 (stored annual equivalent ₹1.2 lakh), age 21–60. Self-employed: annual ITR above ₹6 lakh, age 21–65. Approval remains subject to bank assessment.

Check HDFC Bank's current criteria and the source notes. Meeting a published minimum is not approval — the issuer decides every application on its own criteria, including your credit history. How we source this