HDFC Bank

IndianOil HDFC Bank Credit Card

Data last verified: 11 October 2026

FuelRUPAY

Joining fee₹500 + GST
Annual fee₹500 + GST
Reward rate0.64% base, up to 4.8% on groceries

Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.

Joining fee₹500 + GST
Annual fee₹500 + GST
Fee waiverOn ₹50,000 spend a year
Forex markup3.5%
Interest (APR)3.75% a month, 45% a year
Fuel surcharge waiver1%
Fuel waiver cap₹250 a month

This card earns Fuel Points that you redeem for free fuel at IndianOil. Fuel at IndianOil pumps, groceries and bill payments earn the highest rate, up to about 4.8%, each with its own monthly cap; other spends earn a lower base rate.

The fee is ₹500 a year, waived when you spend ₹50,000 in the year.

It suits someone who drives and fills up at IndianOil and wants grocery and bill spends to pay for fuel. The caps are small, so heavy spenders will hit them early.

Best for: People who fill up at IndianOil, Turning grocery and bill spends into fuel, A low-fee everyday card.

01IndianOil HDFC Bank Credit Card Rewards and Benefits

Rewards rate: 0.64% base, up to 4.8% on groceries
Fee waived on: ₹50,000 spend a year
Reward redemption: Not published
Dining: 0.64% back (the normal rate)
Travel: 0.64% back (the normal rate)
Golf: Not included
Domestic lounge: Not included
International lounge: Not included
Insurance benefits: Not included

02IndianOil HDFC Bank Credit Card Annual Fee and Charges

Joining fee: ₹500 + GST
Annual fee: ₹500 + GST
Spend-based waiver: Annual fee waived on ₹50,000 spend in a year (rent and wallet loads not counted)
Rewards redemption fee: Nil
Forex markup: 3.5%
Interest rate: 3.75% a month (45% a year)
Fuel surcharge waiver: Yes, up to ₹250 a month
Card replacement: Not published

03What It's Worth, in Rupees

If you spend ₹20,000 a month on this card:

₹5,000 on groceries, earning 4.8% capped₹96
₹15,000 on everything else, earning 0.64%₹96
Back each month, ₹2,304 a year₹192
Annual fee with 18% GST (waived at this spend)₹0
In your pocket each year₹2,304

Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.

Good for

Groceries: 4.8% back, up to ₹96 a month
Fuel only at Indian Oil: 4.8% back, up to ₹144 a month
Spending ₹4,167 or more a month: the ₹590 fee is waived

Skip it if…

you spend less than ₹4,167 a month (₹50,000 a year, rent and wallet loads not counted): the ₹590 fee is then charged
most of your spending is fuel, rent, insurance or wallet top-ups: those earn nothing on this card
you rarely spend on groceries, Indian Oil or utility bills: the 4.8% rate applies only there, everything else earns 0.64%
you often pay in foreign currency: 3.5% is added to every foreign spend
you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward

04Product Details

Up to about 4.8% as Fuel Points at IndianOil
Same high rate on groceries and bill payments (capped)
Points redeemed for free fuel
Low annual fee, waived on ₹50,000 a year

05Pros and Cons

Pros

High return on fuel, groceries and bills
Low annual fee
Easy fee waiver

Cons

Small monthly caps on the high rates
Rewards are worth most as IndianOil fuel
3.5% markup on foreign spends

06How IndianOil HDFC Bank Credit Card earns Rewards

0.64% base, up to 4.8% on groceries.

Earns nothing onRentInsuranceWallet loadsGovernmentEMIFuelJewellery

Spend category	Rate	Monthly cap	Where it applies
UPI payments (scan and pay)	0.64%	No cap	The card's normal rate
Online shopping	0.64%	No cap	The card's normal rate
Dining and food delivery	0.64%	No cap	The card's normal rate
Groceries	4.8%	₹96	All merchants in the categoryTerms: 5 Fuel Points per ₹100 (~4.8%) on groceries (MCC 5411/5499/5921/5462), capped 100 FP a month; min txn ₹150
Travel: flights, hotels, trains	0.64%	No cap	The card's normal rate
Fuel	Earns nothing	-	earns nothing on this card (base rate terms)
Fuel, only at listed merchants	4.8%	₹144	Only at: Indian Oil (IOCL)Terms: 5 Fuel Points per ₹100 (~4.8% in rupees) at IndianOil outlets, capped 150 FP a month (250 FP for the first 6 months). Card swipe at IOCL POS only, paying at the pump by UPI earns the base rate, not 5%.
Bills and recharges	4.8%	₹96	All merchants in the categoryTerms: 5 Fuel Points per ₹100 (~4.8%) on utility and telecom bills (MCC 4812/4814/4900), capped 100 FP a month; min txn ₹150
Rent	Earns nothing	-	earns nothing on this card
Insurance premiums	Earns nothing	-	earns nothing on this card
School and college fees	0.64%	No cap	The card's normal rate
Wallet top-ups	Earns nothing	-	earns nothing on this card
Taxes and government payments	Earns nothing	-	earns nothing on this card
Spend abroad or in a foreign currency	0.64%	No cap	The card's normal rate
Everything else	0.64%	No cap	The card's normal rate

Listed underFuel cards Rewards cards Grocery cards Utility bills cards

CardAdvisor tagsFuelGroceryUtility billsReward points

Terms on the base rate. 1 Fuel Point per ₹150 (~0.64%) on other spends including UPI; min txn ₹150. Wallet, rent, government, tax, EMI, insurance, jewellery and non-IOCL fuel earn nothing.

Point value. 1 point is worth about ₹0.96 at the bank's stated value.

07IndianOil HDFC Bank Credit Card Travel Benefits

Spending abroad carries a 3.5% forex markup; rewards on it: 0.64% back (the normal rate). See what it costs on your trip

Also on the card. fuel surcharge waiver.

Fuel surcharge waiver: 1% fuel surcharge waiver at all Indian fuel stations (minimum ₹400 per transaction), capped ₹250 per billing cycle

08IndianOil HDFC Bank Credit Card Eligibility and Documents

Age: 21 to 60 years
Minimum monthly income: ₹12,000

09Recent Changes

What HDFC Bank changed on this card recently. The facts on this page already reflect them.

Date	Change	Before	Now
15 May 2026	Reduced: Dynamic currency conversion markup raised to 1.75%Source: HDFC Bank	1% markup	1.75% markup
1 Jul 2025	Reduced: 1% fee added on rent, wallet loads and online gamingSource: HDFC Bank	No category surcharge on rent, wallet loads or gaming	1% on rent (cap ₹4,999 per transaction); 1% on wallet loads and on online skill-based gaming above ₹10,000 a calendar month (cap ₹4,999 a month)
1 Jul 2025	Reduced: 1% fee on utilities above Rs 50,000 and on third-party education paymentsSource: HDFC Bank	No surcharge on utility or education payments	1% on utility spends above ₹50,000 a calendar month (cap ₹4,999 a month); 1% on education paid through third-party apps
1 Jul 2025	Reduced: Insurance reward points capped, online gaming stops earningSource: HDFC Bank	Insurance uncapped on most cards; online skill-based gaming earned points	Insurance capped at 2,000 reward points a month (5,000 on Diners Black, 10,000 on Infinia); online skill-based gaming earns nothing
1 Aug 2024	Reduced: 1% fee on large fuel/utility/rent spends added	No fee on fuel, utility or rent spends; free statement-credit redemption	1% fee (cap ₹3,000) on fuel >₹15,000, utility >₹50,000 & third-party rent; ₹50 statement-credit redemption fee

See this card's change history → · All card changes in May 2026 →

10Cards Similar to IndianOil HDFC Bank Credit Card

IndianOil HDFC Bank Credit Card is a fuel card. The two below are the closest on SkyloFin; open any of them, or put them side by side.

Feature	IndianOil HDFC Bank Credit Card	SBI BPCL Credit Card	SBI BPCL Octane Credit Card
Joining fee	₹500 + GST	₹499 + GST	₹1,499 + GST
Annual fee	₹500 + GST	₹499 + GST	₹1,499 + GST
Rewards	0.64% base, up to 4.8% on groceries	0.25% base, up to 1.25% on dining; 3.25% only at partner merchants	0.25% base, up to 2.5% on dining; 6.25% only at partner merchants
Domestic lounge	Not included	Not included	4 visits a year
Forex markup	3.5%	3.5%	3.5%
Type	Fuel	Fuel	Fuel

Compare with SBI BPCL Credit Card Compare with SBI BPCL Octane Credit Card

11Explore More

All HDFC Bank productsEvery card, loan and account from HDFC Bank on SkyloFin Fuel credit cardsEvery fuel card, compared All credit cardsFilter by issuer, category and fee Rewards calculatorWhat this card would earn on your spending Interest calculatorWhat carrying a balance really costs Track this card in SkyloFin - Expense TrackerStatements and due dates from your bank SMS, on your phone

Card facts last verified 11 October 2026.

Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Never Miss Your IndianOil HDFC Bank Credit Card Bill

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Common Questions

What is the IndianOil HDFC card fee?

₹500 a year, waived when you spend ₹50,000 in a year.

Where does it earn the most?

On IndianOil fuel, groceries and bill payments, each up to a monthly cap.

How are Fuel Points used?

They are redeemed for free fuel at IndianOil.

What is the joining fee for the IndianOil HDFC Bank Credit Card?

The joining fee is ₹500 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.

What is the annual fee for the IndianOil HDFC Bank Credit Card?

The annual fee is ₹500 + GST.

Does applying through SkyloFin cost more?

No. You pay the same fees you would pay applying directly with HDFC Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.

SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.

IndianOil HDFC Bank Credit CardJoining fee: ₹500 + GST

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