FuelBeginner friendly

IndianOil HDFC Bank Credit Card Review

IndianOil HDFC Bank is best for low-cost fuel savings at indianoil pumps. 5% back as Fuel Points at IndianOil pumps.

Annual fee₹500 + GST

Fee waiver₹50,000 / year

Top reward rate5%

Forex markup3.5%

NetworkMastercard

Pros

5% back as Fuel Points at IndianOil pumps
5% on groceries and bill payments
Fee waived at just ₹50,000 yearly spend

Cons

Low monthly caps on Fuel Points
Fuel Points only useful at IndianOil

Reward rate by category

Effective value back per ₹100 spent. Fuel Points redeemable for free fuel at IndianOil outlets.

Amazon0.67%

Flipkart0.67%

Other online shopping0.67%

Food delivery0.67%

Dining out0.67%

Groceries5%

Flights & hotels0.67%

Fuel5%

Bills & recharges5%

Everything else0.67%

Caps, tiers & milestones

5% fuel points at IndianOil capped at 250 a month for 6 months, then 150
5% on groceries capped at 100 fuel points a month
5% on bill payments capped at 100 fuel points a month

How much could you earn?

Estimated yearly value after fees and caps for typical spending patterns.

Balanced spender ₹3,96,000/yr spend	₹5,888
Online shopper ₹3,90,000/yr spend	₹4,611
Frequent traveller ₹8,04,000/yr spend	₹3,307
Family & groceries ₹5,88,000/yr spend	₹6,049

Use my own spends

Lounge access

None

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IndianOil HDFC Bank FAQs

What is the annual fee of the IndianOil HDFC Bank credit card?

The IndianOil HDFC Bank credit card has a joining fee of ₹500 and an annual fee of ₹500, plus 18% GST. The annual fee is waived if you spend ₹50,000 or more in a card year.

Is IndianOil HDFC Bank a good credit card?

The IndianOil HDFC Bank card is best for: low-cost fuel savings at indianoil pumps. Its main strengths are: 5% back as fuel points at indianoil pumps; 5% on groceries and bill payments. Its main drawback: low monthly caps on fuel points.

What is the forex markup on IndianOil HDFC Bank?

The IndianOil HDFC Bank card charges a 3.5% forex markup on international transactions, plus 18% GST on the markup.

Does IndianOil HDFC Bank offer airport lounge access?

No, the IndianOil HDFC Bank card does not offer complimentary airport lounge access.

✓ Details verified 26 September 2026Minimum income: not published. Sources: HDFC Bank: IndianOil HDFC Bank Credit Card. Banks change terms often, so confirm on the HDFC Bank website before applying.