HDFC Bank
VISA•••• •••• •••• 4242
IndianOil HDFC Bank Credit Card
IndianOil HDFC Bank Credit Card
HDFC Bank
Annual Fee
₹500
Effective Rate
0.20%
Network
VISA
Point Value
₹0.20/pt
About IndianOil HDFC Bank Credit Card
Co-branded fuel card with IndianOil. 5% Fuel Points on IOCL outlets (cap 150 FP/month), groceries (cap 100 FP/month), bill payments (cap 100 FP/month). 1 FP per ₹150 on all other spends. 1 FP = ₹0.96 for IOCL fuel (via IXRP) or ₹0.20 catalogue/cashback. Earn ~50L free fuel annually. 1% fuel surcharge waiver.
Best For
Pros & Cons
thumb_upPros
- check_circle1% Fuel Surcharge Waiver
- check_circleIndianOil XTRAREWARDS (IXRP) Membership
- check_circleSpending milestone bonuses for high spenders
thumb_downCons
- cancelAnnual fee of ₹500 with no waiver option
- cancelForeign transaction fee applies on overseas spends
- cancelPoints redemption catalog may limit flexibility
Reward Earning Structure
Each point is worth ₹0.20 — an effective return of 0.20% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 5% | 500 pts≈ ₹100 |
| All other spends | 5% | 500 pts≈ ₹100 |
| All other spends | 0.67% | 67 pts≈ ₹13 |
Points can typically be redeemed for flight tickets, hotel bookings, cashback, gift vouchers, or merchandise via the HDFC Bank rewards portal. Redemption value may vary by option.
Card Benefits
1% Fuel Surcharge Waiver
1% fuel surcharge waiver at all Indian fuel stations.
IndianOil XTRAREWARDS (IXRP) Membership
Complimentary IXRP membership to redeem Fuel Points for free fuel at IOCL pumps.
₹250 Activation Voucher
₹250 voucher on card activation + first transaction within 37 days.
~₹250/yr value
PayZapp ₹1,000 CashBack
₹1,000 CashBack on in-app shopping across 200+ brands via PayZapp.
~₹1,000/yr value
Zero Cost Card Liability
Zero liability on fraudulent transactions if reported immediately.
Spending Milestones
Unlock bonus rewards when your annual spend crosses these thresholds.
Spend ₹50,000 (ANNUAL)
Renewal membership fee waived on ₹50,000 spend in first anniversary year.
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the HDFC Bank website.
| Annual Fee | ₹500 |
| Forex Markup | As per issuer schedule |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: As per bank norms
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about IndianOil HDFC Bank Credit Card.
Ready to apply for IndianOil HDFC Bank Credit Card?
Apply directly on the HDFC Bank website. Most decisions within 7–10 working days.
Affiliate disclosure: CreditBrain may earn a referral fee if you apply via our link. This does not affect our editorial independence.