IndianOil HDFC Credit Card – For Fuel Transactions

The IndianOil HDFC Credit Card, created in partnership with IOCL, is a top choice for fuel-related expenses. It allows you to earn up to 50 liters of free fuel every year, along with generous monthly 'Fuel Points.' Keep reading to learn more about The HDFC IOCL Credit Card, including its features, advantages, fees, and who can apply for it.

Key Highlights of IndianOil HDFC Credit Card

IndianOil HDFC Credit Card
Best Suited For Fuel Transactions
Joining Fee Rs. 500
Renewal Fee Rs. 500 (Waived off on spending Rs. 50,000 in the previous year)
Minimum Income Requirement
  • Salaried: Rs. 10,000 p.m.
  • Self-employed: ITR>Rs. 6 lakh p.a.
Best Feature Get 5% back on your fuel spends at IndianOil outlets as ‘Fuel Points’

This credit card gives you advantages when you buy fuel at IndianOil stations and also offers perks for other types of purchases. Here are some of the main benefits of The HDFC IndianOil Credit Card:

Fuel Benefit

With this credit card, you can get up to 50 liters of free fuel each year in these ways:

  • Get 5% of what you spend at IndianOil stations as Fuel Points (up to 250 Fuel Points per month for the first 6 months, and up to 150 Fuel Points per month after the first 6 months from getting the card).
  • Also, earn 5% of your spending as Fuel Points when you buy groceries and pay bills (up to 100 Fuel Points per month for each category).
  • For all other purchases, you'll get 1 Fuel Point for every Rs. 150 you spend.

Also read: Best Fuel Credit Cards in India

Other Benefit

In addition to fuel advantages, you can also enjoy the following benefits with the HDFC IndianOil Credit Card:

Complimentary Membership: You'll receive a free membership to the IndianOil XTRAREWARDSTM Program (IXRP). Renewal Offer: If you spend Rs. 50,000 or more in the previous year, your renewal fee for the card will be waived. Fuel Surcharge Waiver: You can enjoy a 1% surcharge waiver (up to Rs. 250 per statement cycle) on your fuel transactions when you spend a minimum of Rs. 400. Validity of Fuel Points: The Fuel Points you earn with this card remain valid for two years from the date they are earned. Interest-free Credit Period: You have up to 50 days of interest-free credit from the date of acquiring this credit card.

Below mentioned are the fees and charges associated with this IndianOil HDFC Credit Card:

Title Details
Joining Fee Rs. 500
Renewal Fee Rs. 500 (waived off on spending Rs. 50,000 in the previous year)
Finance Charges 3.6% p.m. i.e. 43.2% p.a.
Late Payment Charges For Statement Balance
  • Less than Rs. 100 – Nil
  • Rs.100 to Rs.500 – Rs.100
  • Rs.501 to Rs.5,000 – Rs.500
  • Rs.5,001 to Rs.10,000 – Rs.600
  • Rs.10,001 to Rs. 25,000 – Rs.800
  • Rs. 25,001 to Rs. 50,000 – Rs. 1,100
  • Over Rs. 50,000 – Rs. 1,300

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Applicants must meet the below mentioned eligibility criteria to apply for HDFC IOCL Credit Card:

Particular Details
Salaried
  • Age: 21-60 years
  • Income: Minimum Rs. 10,000 per month
Self-employed
  • Age: 21-65 years
  • Income: ITR> Rs. 6 lakh per annum
Documents Required Click here for the list of acceptable documents

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The IndianOil HDFC Bank Credit Card offers attractive travel benefits considering its annual fee. It allows cardholders to accumulate 'Fuel Points' not only when filling up their fuel tanks but also when making grocery and bill payments. These earned points can be redeemed for complimentary fuel at specific Indian Oil stations. However, it's important to note that these benefits are primarily advantageous to individuals who exclusively prefer Indian Oil for their fuel needs. If you're seeking fuel benefits without any brand restrictions, it may be worthwhile to explore other popular fuel credit cards as well.

A few of the credit cards that offer benefits on fuel transactions are mentioned in the table below:

Credit Card Annual Fee Key Feature
IndianOil Citi Platinum Credit Card Rs. 1,000 Up to 71 litres of free fuel every year
BPCL SBI Card Octane Rs. 1,499 25X reward points on fuel purchases at BPCL petrol pumps
IndianOil Axis Bank Credit Card Rs. 500 4% value back on fuel purchase at IOCL outlets
ICICI HPCL Coral Credit Card Rs. 199 2.5% cashback at HPCL fuel stations
HDFC Bharat Cashback Credit Card Rs. 500 5% cashback on fuel spends

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1. How can I apply for IndianOil HDFC Credit Card?

You have two options for applying for this credit card, either online or offline. To apply online, just go to the bank's official website, choose the credit card you want from the 'Credit Cards' section, and click 'Apply Now.' If you prefer to apply offline, visit one of the bank's nearest branches and submit a completed application form.

2. Can I withdraw cash using my HDFC IOCL Credit Card?

Yes, You can take out cash with your credit card at ATMs, but the bank will charge you a fee. This fee is either 2.5% of the amount you withdraw or a minimum of Rs. 500. So, it's better to avoid using your credit card for cash withdrawals because it can cost you more.

3. Can I check my IndianOil HDFC Credit Card statement online?

Yes, you can easily view your credit card statement from HDFC Bank online. Just go to their official website and log in to your net banking account. Then, click on the 'Enquire' option and look for your statement under the 'Cards' section. Another option is to use the HDFC mobile banking app to your statement.

4. How can I check the application status of my IndianOil HDFC Credit Card?

You can easily check the status of your credit card application by contacting the bank's customer care. Just provide them with your application number, and they will update you on its status. Typically, the bank also sends application status notifications through text messages to your registered mobile number.

5. I don’t have an account with the bank. Can I apply for HDFC IOCL Credit Card?

Absolutely, anyone who meets the bank's eligibility criteria can apply for this credit card. Having an account with the bank is not a requirement. To apply, you need to be at least 21 years old but no older than 60, and you should have a minimum monthly income of Rs. 10,000.

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