IndianOil HDFC Bank Credit Card Review

Drive Smart, Experience Hassle-Free Fuel Payments and Rewards with IndianOil HDFC Bank Credit Card. Learn more.

Picture this: You’re on a long road trip across the scenic landscapes of the U.S., and your fuel gauge is steadily moving towards ‘E’. Instead of worry, you feel a sense of satisfaction knowing that with every gallon of gas purchased, you’re earning rewards and cash back.

This is the reality for IndianOil HDFC Bank Credit Card holders. This credit card transforms your fuel expenses into a rewarding experience. Not just limited to fuel, it extends its benefits to various other spending categories, making it a versatile financial tool for everyday use.

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The IndianOil HDFC Bank Credit Card is specifically designed for those who find themselves frequently at gas stations or are looking for ways to economize their daily expenses. With its blend of cash back rewards, points on everyday purchases, and additional benefits, this card is a powerhouse of savings and convenience. Let’s delve into the specifics of how this card can be your financial ally on the road and beyond.

Earning Rewards:

• Fuel Purchases at IndianOil Outlets: Earn 5% of your spending as Fuel Points on transactions at IndianOil fuel stations. For the first six months from card issuance, you can accumulate up to 250 Fuel Points per month; thereafter, the cap is 150 Fuel Points per month.
• Groceries and Bill Payments: Receive 5% of your spending as Fuel Points on grocery purchases and utility bill payments, with a maximum of 100 Fuel Points per month for each category.
• Other Retail Purchases: Earn 1 Fuel Point for every ₹150 spent on all other transactions, including UPI payments.

Redeeming Rewards:

Accumulated Fuel Points can be redeemed in several ways:

1. Free Fuel at IndianOil Outlets:
   • Convert Fuel Points into IndianOil XTRAREWARDS™ Points (XRP) at a rate of 1 Fuel Point = 3 XRP.
   • Each XRP is equivalent to ₹0.32, making 1 Fuel Point worth ₹0.96.
   • Redeem XRPs for fuel at participating IndianOil petrol stations.
2. Cashback:
   • Redeem Fuel Points as a statement credit, where 1 Fuel Point = ₹0.20.
   • This option allows you to offset your credit card balance directly.
3. Product Catalogue:
   • Use Fuel Points to acquire products from HDFC Bank’s rewards catalogue, with a redemption value of up to ₹0.20 per Fuel Point.

Benefits of IndianOil HDFC Bank Credit Card

• 50 liters of FREE fuel in a year: One of the standout features of the IndianOil HDFC Bank Credit Card is the opportunity to receive 50 liters of free fuel in a year. This generous offering allows cardholders to fuel up their vehicles without dipping into their own pockets. Imagine the savings you can accumulate by simply using this credit card for your fuel purchases.
• 250 fuel points per month: In addition to the free fuel, cardholders can earn 250 fuel points every month. These fuel points add up quickly and can be redeemed for even more savings on future fuel purchases. Imagine the satisfaction of filling up your tank while knowing that you earned significant discounts through your credit card usage.
• 1% fuel-surcharge waiver: Another noteworthy benefit of the IndianOil HDFC Bank Credit Card is the 1% fuel-surcharge waiver. Fuel surcharges can often be an unwelcome surprise when paying for fuel purchases, but with this credit card, you can enjoy the convenience of not having to pay these additional charges.
• Automatic PayZapp activation: The credit card comes with automatic PayZapp activation, allowing you to seamlessly pay for your purchases using a mobile wallet. This feature adds to the convenience and ease of using the IndianOil HDFC Bank Credit Card for all your transactions.
• 5% Fuel Points on IndianOil Purchases: Receive 5% of your spending as Fuel Points when you refuel at IndianOil outlets. This translates to substantial savings over time, rewarding you for every litre you purchase.
• 5% off on bill payments using the fuel points: Lastly, this credit card offers an enticing 5% off on bill payments using the fuel points accumulated. This means that not only can you save on your fuel expenses, but you can also enjoy discounts on your utility bills by redeeming your earned fuel points.
• Interest-Free Credit Period: Avail up to 50 days of interest-free credit from the date of purchase, allowing you to manage your finances more effectively.
• Zero Liability on Lost Card: In the unfortunate event of losing your card, report it immediately to the 24-hour call centre to ensure zero liability on any fraudulent transactions made thereafter.
• SmartEMI Facility: Convert your significant purchases into manageable EMIs with the SmartEMI option, providing flexibility in repayments.

Qualification Requirements

To apply for the IndianOil HDFC Bank Credit Card, applicants must meet certain criteria. These include age requirements (typically between 21 and 60 years), a stable source of income, and a good credit history. Specific income thresholds may vary, and potential cardholders should ensure they meet the bank’s credit score standards for a higher chance of approval.

How to Apply

To apply for the IndianOil HDFC Bank Credit Card, applicants can choose between an online application on the HDFC Bank website or a visit to a local HDFC branch. The online process requires filling out a form with personal and financial details and submitting necessary documents like proof of identity and income.

For those preferring in-person assistance, visiting an HDFC Bank branch provides a direct way to complete the application with the help of a representative. After the application is submitted and a credit evaluation is done by the bank, the credit card is typically issued within a few weeks.

Frequently Asked Question

What is the annual fee?

The card comes with a nominal annual fee, often waived off on meeting certain spending criteria.

Can reward points be converted to cash?

Yes, reward points can be redeemed for cash or a variety of other options.

Is there a limit to the fuel surcharge waiver?

The waiver is subject to certain terms and conditions, including monthly limits.

Can I use this card internationally?

Yes, the IndianOil HDFC Bank Credit Card is globally accepted.

CREDIT CARD

IndianOil hdfc bank

Fuel Points Zero Lost card liability

Fuel Benefits. Ready For You.

APPLY NOW You will be redirected