MyFinCards
IndianOil HDFC Bank Credit Card

Joining Fee

₹500

Annual Fee

Rs. 500 (Reversed on annual spends of Rs. 0.5 Lakhs)

Forex Markup

3.5% + GST

INTERNATIONAL
HDFC Bank
Fuel
Rewards
Cashback
Best For: Frequent drivers who refuel at IndianOil outlets, Those with regular grocery and utility bill spends, Budget-conscious cardholders looking for fuel savings

IndianOil HDFC Bank Credit Card

Rewards Structure

Base Reward Rate

0.67% on spends

Point Value

1 Point = ₹0.2

Points Validity

24 Months

Pros

  • Earn up to 50 litres of free fuel annually
  • 5% fuel points at IndianOil outlets
  • 5% fuel points on groceries and utility/bill payments
  • 1% fuel surcharge waiver at all Indian fuel stations
  • Complimentary IXRP membership for free fuel redemption
  • Low joining and annual fee of ₹500
  • Annual fee waiver on ₹50,000 spend

Cons

  • Accelerated 5% fuel points only at IndianOil outlets, not all petrol pumps
  • Monthly capping on fuel points limits high spenders
  • 1 Fuel Point per ₹150 on other spends is a low base rate
  • 3.5% foreign currency markup fee

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Accelerated fuel points only for non-UPI transactions at IndianOil outlets

Monthly cap of 150 FP on IndianOil spends after first 6 months (250 FP in first 6 months)

Grocery and utility points each capped at 100 FP/month

Reward Points redemption to CashBack and Travel capped at 50,000 points/month

No fuel points on fuel transactions at non-IndianOil petrol pumps

No points on wallet loading, EMI transactions, rental payments, government payments, jewellery/gold purchases

1% fee on rental transactions capped at ₹3,000 per transaction

Key Benefits & Features

Complimentary IndianOil XTRAREWARDS Program (IXRP) membership

Up to 50 days interest-free credit from date of purchase

Zero cost card liability on fraudulent transactions if reported immediately to 24-hour Call Centre

Contactless payment enabled; PIN required for transactions ₹5,000 and above

Eligibility Criteria

Min. Annual Income

₹1.4 Lakhs

Age Requirement

21+ Years

Occupation

SALARIEDSELF_EMPLOYED

Required Documents

IDENTITY Proof

Passport
Aadhaar Card
Voter ID
Driver's Licence
PAN Card
Passport size photos

ADDRESS Proof

Aadhaar Card
Passport
Utility bills (electricity, water, gas)
Rental agreement
Bank statement

INCOME Proof

Salary slips (recent)
Form 16
Income Tax Returns (ITR)
Bank statements

Notable Exclusions

No Fuel Points on fuel transactions at non-IndianOil petrol pumpsNo Fuel Points on wallet loading transactionsNo Fuel Points on returned, disputed or unauthorized/fraudulent transactionsNo Fuel Points on EMI transactionsNo Fuel Points on account fees and payment transactionsNo Fuel Points on purchase of jewellery, gold coins or equivalentsNo Reward Points accrual on rental and government category payments

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About IndianOil HDFC Bank Credit Card

The IndianOil HDFC Bank Credit Card is purpose-built for frequent drivers and everyday spenders who want to turn routine expenses into meaningful fuel savings. With a joining and annual fee of just ₹500, the card offers an accessible entry point into a rewarding fuel-focused program. Cardholders receive a complimentary IndianOil XTRAREWARDS Program (IXRP) membership automatically, along with an INR 250 welcome voucher upon card activation and completion of the first transaction within 37 days of issuance. The card's core strength lies in its Fuel Points system, earning 5% of spends as Fuel Points at IndianOil outlets, as well as on groceries and utility bill payments. All other retail purchases earn 1 Fuel Point per ₹150 spent. These points can be redeemed for free fuel at participating IndianOil petrol outlets, catalogue products, or as cashback against the card statement. Cardholders can also enjoy a 1% fuel surcharge waiver at all Indian fuel stations on qualifying transactions. Beyond fuel, the card offers up to 50 days of interest-free credit, zero liability on fraudulent transactions when reported promptly, Smart EMI conversion options, and contactless payment capability. Spending ₹50,000 or more in the first year waives the renewal membership fee, making it an especially rewarding card for high-frequency fuel and daily spenders.

Expert Review

Our Verdict

Earn 5% fuel points at IndianOil outlets plus groceries & bills — ideal for frequent drivers.

Frequently Asked QuestionsAbout IndianOil HDFC Bank Credit Card

REWARDSWhat are Fuel Points and how do they work?
Fuel Points are an exclusive Rewards metric system created only for IndianOil HDFC Bank Credit Cardholders. You earn Fuel Points on retail spends made through your IndianOil HDFC Bank Credit Card, with accelerated accrual on key categories like fuel spends at IndianOil Retail Outlets, Groceries, and Utilities. Fuel Points can be redeemed for free fuel via the XTRAREWARDS Program, as cashback, or against catalogue products. Note: Accelerated 5% Fuel Points apply only to non-UPI transactions at IndianOil Retail Outlets.
ELIGIBILITYWhat is the eligibility criteria for the IndianOil HDFC Bank Credit Card?
For Salaried Individuals: You must be an Indian national, aged between 21 and 60 years, with a net monthly income greater than ₹12,000. For Self-Employed Individuals: You must be an Indian national, aged between 21 and 65 years, with an annual income (ITR) greater than ₹6 lakh per annum. Meeting these criteria does not guarantee card approval, as the bank may apply additional checks.
FEESWhat is the joining fee and annual fee for the IndianOil HDFC Bank Credit Card?
The IndianOil HDFC Bank Credit Card has a joining fee of ₹500 and an annual renewal membership fee of ₹500 (plus applicable taxes). However, if you spend ₹50,000 or more in the first year, you get a waiver on the renewal membership fee for the following year. This makes it a cost-effective fuel card for regular spenders.
DOCUMENTSWhat documents are required to apply for the IndianOil HDFC Bank Credit Card?
To apply, you will need the following documents: Identity Proof (Passport, Aadhaar card, Voter ID, Driver's licence, or PAN card), Address Proof (Aadhaar card, Passport, Utility bills such as electricity, water, gas, Rental agreement, or Bank statement), and Income Proof (recent Salary slips, Form 16, Income Tax Returns, or Bank statements). Passport-size photos may also be required.
USAGEHow do I redeem Fuel Points for free fuel?
To redeem Fuel Points for free fuel, first convert your accrued Fuel Points into XTRAREWARD Points (XRP) via NetBanking (1 Fuel Point = 3 XRP). Then use the XRP at participating IndianOil Retail Outlets for free fuel redemption. You can also partially pay through XRP and the remaining balance through your IndianOil HDFC Bank Credit Card. To locate your nearest participating IndianOil Petrol Outlet, use the IndianOil website or IndianOil ONE app.
BENEFITSWhat is the IndianOil XTRAREWARDS Program and do I need to register for it?
The IndianOil XTRAREWARDS Program is an exclusive Loyalty Rewards Program run by Indian Oil Corporation Ltd. that rewards customers with XTRAREWARD Points (XRP) on transactions at IndianOil Retail Outlets, redeemable for free fuel. IndianOil HDFC Bank Credit Cardholders are automatically and mandatorily enrolled during card issuance at no charge. You will receive a confirmation SMS with your XTRAREWARDS Customer ID (XR CID). If you already have an existing XR CID, it will be merged with this program.
REWARDSWhy did I receive only 150 Fuel Points even though I spent more than ₹5,000 at an IndianOil outlet?
There are monthly caps on Fuel Points earned in specific categories. For spends at IndianOil Outlets, the monthly cap is 250 Fuel Points during the first 6 months from card issuance, and 150 Fuel Points post 6 months. For Grocery spends, the cap is 100 Fuel Points per month, and for Utilities and Bill Payments, the cap is also 100 Fuel Points per month. Any points exceeding these caps will not be credited.
USAGEHow do I check my Fuel Points balance?
Fuel Points earned on eligible transactions in a calendar month are credited on the 1st of the following month (after applying monthly caps). You can check your balance in two ways: (A) Via your monthly physical or e-statement, which will show points accrued for the previous month. (B) Via NetBanking: Go to Cards Tab → Click on 'Enquiry' → Reward Points Redemption → Choose your IndianOil HDFC Bank Credit Card Number → View total Fuel Points accrued.
USAGEMy Fuel Points were deducted but I haven't received my XTRAREWARDS Points. What should I do?
Please ensure your latest mobile number is updated on your IndianOil XTRAREWARDS Membership, as redemption will not process successfully otherwise. If XTRAREWARDS Points are not credited within 72 hours, your Fuel Points will be re-credited to your Credit Card account within 7–10 business days. For help, call 1800 1600 / 1800 2600 (India) or 022-61606160 (overseas), or visit your nearest HDFC Bank branch. You can track XRP on xtrarewards.com or via the IndianOil ONE app.
APPLICATIONCan I apply for the IndianOil HDFC Bank Credit Card if I already have an existing XTRAREWARDS Customer ID?
Yes, you can still apply for the IndianOil HDFC Bank Credit Card even if you already have an existing XTRAREWARDS Customer ID. In this case, your existing XR CID will be merged with the program instead of creating a new one. You can then start converting Fuel Points into XRP and redeem them for free fuel at participating IndianOil Outlets. Ensure the mobile number registered with the Bank matches the one registered with IndianOil XTRAREWARDS Program.
APPLICATIONHow can I apply for the IndianOil HDFC Bank Credit Card?
You can apply for the IndianOil HDFC Bank Credit Card through three channels: (1) Online via the HDFC Bank website by clicking the 'Apply Now' button. (2) Via NetBanking if you are an existing HDFC Bank customer, by navigating to the 'Cards' section after logging in. (3) In-person by visiting your nearest HDFC Bank branch. The online process involves validating your phone number and date of birth/PAN, confirming your details, selecting the card, and submitting. In some cases, document upload and video KYC may be required.
INTERNATIONALWhat is the foreign currency markup fee on the IndianOil HDFC Bank Credit Card?
The IndianOil HDFC Bank Credit Card charges a foreign currency markup fee of 3.5% on all international or cross-currency transactions. This means the card is not ideally suited for frequent international travellers, as the markup can add significant costs on overseas spending. If you travel abroad often, you may want to consider a travel credit card with a lower or zero forex markup fee.
REWARDSWhat is the value of 1 Fuel Point and how much free fuel can I earn annually?
1 Fuel Point is worth ₹0.96 when redeemed for fuel at IOCL outlets (1 Fuel Point = 3 XTRAREWARD Points = ₹0.96). Alternatively, 1 Fuel Point = ₹0.20 when redeemed as cashback or against catalogue products. Based on a typical monthly spend of ₹23,000, you can earn approximately 5,160 Fuel Points annually, with a cash value of around ₹4,954, which translates to approximately 50 litres of free fuel per year at ₹100 per litre.
REWARDSOn which transactions will I NOT earn Fuel Points?
Fuel Points will not be accrued on the following transactions: fuel purchases at petrol pumps other than IndianOil outlets, wallet loading transactions, returned purchases, disputed or unauthorized/fraudulent transactions, EMI transactions, account fees and payments, and purchases of jewellery, gold coins, or their equivalents. Additionally, points are not earned on rental payments or government category transactions. Only eligible retail spends (online and POS) qualify for Fuel Points accrual.
BENEFITSDoes the IndianOil HDFC Bank Credit Card offer a fuel surcharge waiver?
Yes, the IndianOil HDFC Bank Credit Card offers a 1% fuel surcharge waiver at all Indian fuel stations, not just IndianOil outlets. The waiver applies on transactions with a minimum value of ₹400 per transaction, and the maximum waiver is capped at ₹250 per billing cycle. This benefit helps frequent drivers save on the surcharge typically levied on fuel purchases made using credit cards.

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