Indianoil HDFC Bank Credit Card Review

The hdfc indian oil credit card is a low-cost, co-branded fuel credit card. This card is a result of mutual cooperation of two massive Indian companies, HDFC bank, and indian oil Corporation Limited. This card is designed for those people who want a credit card specifically for fuel-related benefits.

You will get fuel points from your regular credit card transactions, fuel surcharge waiver, hdfc credit card emi option, lost card liability coverage, etc. HDFC claims that you can earn up to 50 liters of free fuel from this hdfc indianoil credit card. So let’s analyze the hdfc indianoil credit card benefits in detail and see if it can offer you some relief from the rapidly rising fuel price or not.  

What are the hdfc bank credit card eligibility criteria?

  • Resident Type: Indian
  • HDFC card eligibility criteria for salaried person:
    • Age: The age of the applicant should be between 21 to 60 years. 
    • Income: The average monthly income should be greater than Rs. 10,000.
  • HDFC credit card eligibility criteria for self-employed person:
    • Age: The age of the applicant should be between 21 to 65 years.
    • Income: Annual income tax return should be greater than Rs. 6 lakh.
  • A good credit score of above Rs. 760 is needed to get this indianoil hdfc credit card

You can apply for hdfc credit card from the hdfc credit card application online portal. But if you are feeling uncomfortable with the process, then feel free to visit our FAQ page

What documents are required to apply for the HDFC indianoil credit card?

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

Once your hdfc credit card application is submitted successfully, you can track hdfc credit card application status from the HDFC credit card application tracking page

What are the indianoil hdfc credit card fees?

  • HDFC indianoil credit card joining fee:Rs. 500 + GST
  • HDFC indianoil credit card annual fee: Rs. 500 + GST

What are the hdfc indian oil credit card benefits?

  • Earn exclusive fuel points on every transaction:

This indian oil hdfc credit card offers exclusive fuel points on almost each spending transaction made with this card. The hdfc credit card indian oil reward scheme is discussed in the table below. 

Category

Total benefit

Groceries and bill payments. 5% fuel points.
Fuel purchase from indianoil outlets. 5% fuel points. (*Max 250 points/month and after the first 6 months it will be 150 points/month)
Fuel purchase from all other fuel stations. 1 fuel point for each Rs.150 transaction.
Each Rs. 150 spends on all other categories. 1 fuel point.

 *You can earn a maximum of 100 points from each of the above-stated categories.

You can use your earned hdfc fuel points to purchase fuel from IndianOil outlets, where you will get 96 Paisa for 1 fuel point. In this way, you can earn up to 50 liters of free fuel in a year.

You can also use your earned fuel points to get a product from the hdfc credit card reward points redemption catalog. There 1 fuel point is equal to 20 Paisa. 

You can also redeem hdfc bank credit card points to cash. If you redeem hdfc credit card points to cash you will get 20 Paise for one fuel point. 

These hdfc credit card points’ value depends on how you use them, you will get a clear idea from the table below. 

1 HDFC fuel point value depending on hdfc bank credit card points redemption option
Via hdfc bank credit card reward points catalog                   If redeemed into cash      If used to purchase fuel          
20 Paisa. 20 Paisa. 96 Paisa.

** The hdfc credit card reward points validity is for 2 years from the date of their accumulation.

  • Enjoy freedom from fuel surcharges:

This indian oil credit card comes with the complementary indianoil xtra reward program. Also, if you use this hdfc indian oil credit card to purchase fuel, you will get a1% waiver on fuel surcharges. This hdfc credit card petrol surcharge waiver offer is applicable at any fuel station in India. A minimum transaction of Rs. 400 is required to avail of this hdfc fuel offer, and you can earn a maximum of Rs. 250 waiver in a billing cycle of hdfc credit card

  • Earn attractive benefits on milestone spends:

Depending on your card usage, you can also earn some extra benefits from your hdfc bank card. The details are given below.

Credit card usage

Total Benefit

On spending Rs. 20,000 within the first 90 days of the activation of hdfc credit card. You will get a complete waiver on your first-year hdfc credit card joining fee.
On spending Rs. 50000 or more with your indian oil hdfc bank credit card within an anniversary year.  You can get a complete waiver on your next year’s hdfc credit card annual fee.

You can check the hdfc credit card balance status very easily from your online banking account. If you don’t know the process, you can visit our FAQ page to know how to check the hdfc credit card balance online?

  • Split your high-value transactions into small installments:

Are you worried about your shopping budget? Then use your hdfc bank indian oil credit card for shopping and you can convert the hdfc credit card bill into small monthly installments. You can access the smart EMI feature from your online net banking account or from your hdfc credit card mobile app

  • Complimentary liability coverage on lost credit cards:

On this indian oil credit card hdfc bank offers lost card liability coverage, which means if your card ever gets lost or stolen, you just have to report it by calling the hdfc credit card customer care contact number, and you will no longer be liable for anything bad that may happen to your account.

Your missing card can also be blocked from your smartphone. If you don’t know how to do it, you can visit our FAQ page to know how to block hdfc credit card by sms or by calling the hdfc credit card helpline no

  • Advanced contactless payment technology:

This hdfc indianoil credit card is equipped with a contactless credit card payment option. This feature allows you to make credit card payments just by placing your card over any contactless-enabled POS machine.

You can also control the domestic contactless usage for credit card using the hdfc online banking for credit card, click here to go to the hdfc bank credit card login page.

What are the indian oil hdfc bank credit card charges?

Particulars 

Payable amount

HDFC credit card atm withdrawal charges. 2.5% against the withdrawn amount, min Rs. 500. Check your hdfc indian oil credit card limit before making a withdrawal.
Finance Charges. The hdfc credit card interest rate is 3.6% monthly or 43.2% annually.
HDFC credit card international transaction charges. 3.5% against the transaction amount.
Indian oil hdfc bank credit card  add-on card fee. Free for a lifetime.

How to contact the hdfc credit card helpline department?

  • Call the hdfc credit card helpline number toll free: 1800-266-4332 (Toll Free) or 022-616-6161
  • Write to the hdfc credit card customer service email id : customerservices.cards@hdfcbank.com 

100xGain Ratings: 

7/10

Pros and cons of indianoil hdfc bank credit card:

Pros

Cons

  • This HDFC indianoil credit card is very good at offering fuel points.
  • You can earn a handsome waiver on fuel surcharges.
  • The milestone benefit scheme is also very attractive.
  • This hdfc credit card doesn’t have any shopping or entertainment benefits.
  • You will not get any travel booking benefits from this fuel credit card.

Final Opinion:

If you want a credit card specifically for fuel-related benefits then this is the card you need. It offers fuel points that you can use to purchase fuel, fuel surcharge waiver, annual fee waiver option, hdfc credit card smart emi facility, and lots more. 

But the fuel points value of the fuel points is very low, especially when redeemed into cash or used via the hdfc bank credit card catalog. You can get a decent value by using them to purchase fuel, but you can use them only at IndianOil outlets. It won’t be a problem because you can find IndianOil outlets almost everywhere in India. 

So, if you want to earn fuel-related benefits, then this indianoil hdfc bank credit card will be a good option for you. Otherwise, you can compare the alternative card options given below. 

Alternative cards of the indian oil hdfc credit card: 

  1. IndusInd bank signature legend credit card (Best for reward points and lounge access benefits) 
  2. LIC signature credit card (Best for reward points, lounge access benefits) 
  3. BPCL sbi octane card (Best for reward points and lounge access benefits)

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