HDFC Bank IndianOil Credit Card
HDFC Bank · Visa
Why this card?
- 4.8% back in reward points on groceries and bills and recharges, up to ₹96 a month; 0.64% on other spends
- ₹500 joining and annual fee; renewal fee waived on ₹50,000 yearly spend
- 1% fuel surcharge waiver
Card details
- Issuer
- HDFC Bank
- Network
- Visa
- Annual Fee
- ₹500
- Joining Fee
- ₹500
- Reward Type
- points
- Best Reward Rate
- 4.8% on fuel at indianoil (capped at ₹144/month)
- Forex Markup
- 3.5%
- Domestic Lounge
- None
- Min. Monthly Income
- ₹10,000
- Rates verified
- 2026-10-06
Our verdict
The HDFC IndianOil card is a solid entry-level pick for IndianOil pump regulars, but fuel rewards are capped at 250 Fuel Points a month for the first six months and 150 a month after that (about ₹144), so heavy fuelers quickly outgrow it. The 5% on grocery and utility bills, capped at 100 points a month per category, adds everyday value beyond the pump. Fee waives easily at ₹50K annual spend.
Pros
- 5% fuel points at IndianOil pumps
- 5% on grocery and bill payments, capped at 100 points a month per category — useful everyday benefit
- 1% fuel surcharge waiver at fuel stations across India
- Low minimum income requirement
- Fee waived at ₹50K annual spend
Cons
- Fuel rewards capped at 150 Fuel Points a month after the first six months (250 before that) — beyond the cap, earn falls to the base rate of about 0.64%
- Rewards in points, not direct cashback — requires a redemption step
- No lounge access
- 3.5% forex markup
Frequently Asked Questions
What is the ₹250/month cap in practice?
You earn 5 fuel points per ₹150 spent at IndianOil. These are capped at a value of ₹250/month — roughly equivalent to ₹5,000 of fuel spend. Fuel beyond that in the same month earns only the 1% base rate.
Does the 5% grocery category include supermarkets?
Yes — grocery spends at supermarkets, kirana stores, and grocery delivery apps earn 5% reward points. This makes the card useful beyond the fuel station for everyday household spending.