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HDFC IndianOil
HDFC IndianOil is a co-branded fuel card aimed at daily commuters and high-mileage drivers: it earns an accelerated 5% reward rate (as points worth ₹1 each) on fuel, groceries and utility bill payments, with the groceries and bill-payment bonuses capped at 100 points a month each, alongside a straight fuel surcharge waiver. Its low ₹500 fee, waived on just ₹50,000 of annual spend, makes it one of the most accessible category-specific cards HDFC offers.
Annual fee
₹500
Joining fee
₹500
Reward type
points
Base reward rate
0.67%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 680+ whose spend is concentrated in fuel, groceries, utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.67% base rate
Benefits by category
- 🛒 Groceries
5% reward rate (capped ₹100/monthly)
- 🧾 Utilities
5% reward rate (capped ₹100/monthly)
- ⛽ Fuel
5% reward rate (capped ₹250/monthly) · 1% fuel surcharge waiver at all IndianOil outlets and other fuel stations across India, capped at ₹250 per statement cycle — on top of the 5% reward points already earned on the same fuel spend
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 680
- Minimum monthly income: ₹12,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹50,000
- Rewards redemption fee: No fee — points valued at a flat ₹1 each, redeemable as statement credit
- Foreign currency markup: 3.5%
- Interest rate: 41.88% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived at IndianOil outlets and other fuel stations, capped at ₹250 per statement cycle, on top of the 5% reward points earned on the same spend
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal
Benefits
- 1% fuel surcharge waiver at all IndianOil outlets and other fuel stations across India, capped at ₹250 per statement cycle — on top of the 5% reward points already earned on the same fuel spend
Pros
- + 5% effective reward rate on fuel, groceries and utility bills — three categories most households spend on every month
- + 1% fuel surcharge waiver stacks on top of the reward points earned on the same transaction
- + Very low ₹500 joining/annual fee, waived on just ₹50,000 of yearly spend
- + Points are valued at a simple ₹1 each, so redemption math stays straightforward
- + Accessible eligibility bar (₹12,000/month income) suitable for first-time cardholders
Cons
- − Groceries and bill payments earn the 5% only up to 100 points a month each, so heavy spenders quickly fall back to the base rate of 1 point per ₹150
- − Almost no value for spends outside fuel, groceries and utilities — dining, travel and online shopping earn only the base rate
- − RuPay-only network limits acceptance on some international and premium online checkout flows
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