/Select/CreditCards/ad8c0642679c4d38bf973ba618d3cca4.png)
Indian Oil HDFC Bank Credit Card
★★★★★(4.1)Want to save some money on your fuel expenses? Well, you should check out the IndianOil HDFC Bank Credit Card! With this, you can earn 5% of your spending as Fuel Points at IndianOil outlets and 5% of your spending on groceries and bill payments. Plus, you'll enjoy up to 50 days interest-free credit period and many other benefits with just a joining and annual fee of ₹500. Keep reading to learn more!
/Select/Issuers/3435351e157a4dd28f8d5f76253faac5.jpg){kind=small}
Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
₹500Annual Fee
₹500Annual Percentage Rate
43.2%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
2.50%Cash Advance Limit
40%Card Replacement Fee
₹100Foreign Transaction Fee
3.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
2.50%Reward Point Value
₹0.96Balance more than ₹50000
₹1300Pros
Aspects that make this credit card amazing.
- ⮚Fuel transactions on all Fuel Outlets will get 1 Fuel Point for every ₹ 150/- spent.
- ⮚Renewal membership fee is waived on spending ₹50,000 and above in the first year.
- ⮚Offers 5% fuel points on groceries and bill payments.
- ⮚Flexible tenure of 6 to 24 months is available on EMI conversion.
- ⮚Earn 1 Fuel Point for every ₹ 150 spent on all other purchases.
Cons
Aspects this credit card lacks.
- ⮚The users can accumulate a maximum of 250 fuel points per month in the first 6 months.
- ⮚Accelerated 5% Fuel Points benefit available for fuel transactions on IndianOil Retail Outlets.
- ⮚Monthly maximum cap for fuel points accrued on IndianOil outlets post 6 months is 150.
- ⮚Gold and Jewellery linked transactions can’t be converted into Smart EMI.
Indian Oil HDFC Bank Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
The IndianOil HDFC Bank Credit Card provides travel benefits for an annual fee. In addition to fuel expenses, users can earn 'Fuel Points' on grocery and bill payments. These points can be redeemed for free fuel at select Indian Oil outlets. However, the benefits are limited to those who prefer Indian Oil for fuel purchases. If you're looking for fuel benefits without any brand restriction, you should explore other popular fuel credit cards.
Overview
| Best For | Fuel |
|---|---|
| Joining Fee | ₹500 |
| Annual Fee | ₹500 |
| Card Network | Visa and Mastercard |
Who should get an Indian Oil HDFC Bank Credit Card?
Individuals who have higher fuel requirements for their vehicles should opt for Indian Oil HDFC Bank Credit Card. The card offers reward points on fuel as well as on grocery spending, which can be redeemed in cash as well as for fuel at IndianOil pumps. When used for refuelling, 1 fuel point is equivalent to ₹0.96, while the value for the same is ₹0.20 paise if the user redeems them through net banking towards catalogue products. The users have the benefit of converting their purchases into EMIs. However, the EMI option is not available for gold and jewelry-linked transactions.
How to Apply for an Indian Oil HDFC Bank Credit Card?
1. Apply for an Indian Oil HDFC Bank Credit Card Online
- Talking about the online mode, applicants can go through the following steps to register their application:
- Visit HDFC Bank’s official website.
- Under the “Personal” section, click on the “PAY” tab.
- Then click on the “Credit Cards” tab.
- The user will be redirected to a page where all the HDFC credit cards have been listed.
- Select “Indian Oil HDFC Bank Credit Card” and click on the “Apply Now” tab.
- Enter the mobile number and captcha to start the application.
- Fill in all the required details and upload the documents to complete the process.
Indian Oil HDFC Bank Credit Card Eligibility
- Age: 21 to 65 years
- Occupation: Salaried or Self Employed
- Income: Salaried - ₹10,000 p.m., Self-Employed: ITR > ₹6.0 Lakhs p.a.
Documents Required
- Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government approved address proof.
- Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.