Everyday Fuel Savings — 5% Fuel Points at IndianOil Pumps & ₹50,000 Spend Waiver
Daily commuters, vehicle owners, and two-wheeler motorists fueling up at IndianOil outlets who desire low fee waivers and grocery savings.
₹500
One-time upfront₹500
Waived on ₹50,000 annual spend1 Fuel Point per ₹150 spent (0.64% return)
On eligible spends3.50% + GST
Cross-currency spendsLast verified 17 Sept 2026
Objective editorial assessment, ideal spender profile, and primary trade-offs
The IndianOil HDFC Bank Credit Card is an accessible, high-yield co-branded fuel credit card created to shield motorists and everyday commuters from mounting petrol and diesel expenses. Charging a modest **annual fee of ₹500 + GST**, the card features one of the most accessible spend-based fee waivers in the banking sector—waiving the annual fee completely upon spending just **₹50,000 annually** across retail purchases. At IndianOil fuel stations across India, cardholders earn **5% of their spend as Fuel Points** (earned as 1 Fuel Point per ₹150 base + 4.33% accelerated Fuel Points, capped at 250 points/month for the first 6 months, and 150 points/month thereafter). Because 1 Fuel Point can be redeemed for **₹0.96 worth of fuel** via IndianOil's XTRAREWARDS program, this delivers near 1:1 tangible cash value at the petrol pump. To augment everyday utility, cardholders also earn **5% Fuel Points on grocery purchases and utility bill payments** (capped at 100 points/month each). Furthermore, transactions between ₹400 and ₹5,000 at all fuel stations enjoy a **1% fuel surcharge waiver** (up to ₹250 per billing cycle). While it lacks airport lounge privileges, for budget-conscious car and two-wheeler drivers spending ₹3,000 to ₹6,000 monthly at IndianOil pumps, this card pays for itself several times over every year.
Earn 5% of your fuel spend as Fuel Points at IndianOil pumps, redeemable at 96 paise per point via XTRAREWARDS POS.
Earn 5% Fuel Points on daily grocery shopping and utility bill payments, capped at 100 points per month per category.
Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹250 per billing cycle across India.
Base earning rates, partner merchant acceleration, redemption options, and exclusions
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| IndianOil Fuel Outlets | 5% Fuel Points on fuel purchases at authorized IndianOil outlets (min tx ₹150; max 250 FP/mo in first 6 months, 150 FP/mo thereafter) | 150 Other Points/mo | Standard terms apply |
| Groceries & Utility Bill Payments | 5% Fuel Points on grocery shopping and bill payments (min tx ₹150; max 100 FP/month on groceries and 100 FP/month on bills) | 100 Other Points/mo | Standard terms apply |
| All Other Retail Spends | 1 Fuel Point per ₹150 spent on all other retail transactions (0.64% base return; 1 FP = ₹0.96 against fuel) | No Cap | Standard terms apply |
Calculate estimated net cashback and points across your actual spending pattern.
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| IndianOil Fuel Outlets | ₹6,000 | 5% Fuel Points on fuel purchases at authorized IndianOil outlets (min tx ₹150; max 250 FP/mo in first 6 months, 150 FP/mo thereafter) | — | ₹150/monthly | Calculating... | Under cap |
| Groceries & Utility Bill Payments | ₹6,000 | 5% Fuel Points on grocery shopping and bill payments (min tx ₹150; max 100 FP/month on groceries and 100 FP/month on bills) | — | ₹100/monthly | Calculating... | Under cap |
| All Other Retail Spends | ₹18,000 | 1 Fuel Point per ₹150 spent on all other retail transactions (0.64% base return; 1 FP = ₹0.96 against fuel) | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
₹3.6 lakh
12 billing cycles₹0
0% blended return-₹500
Standard renewal+₹0 / yr
Rewards - FeeBonus vouchers and annual fee waiver milestones unlocked as your total spend increases
Spend ₹50,000 or more in an anniversary year to receive a 100% waiver of the ₹500 annual renewal fee.
*Milestone spend calculation is tracked across eligible retail purchases within each specified billing or calendar period. Excludes cash advances, wallet loads, and EMI conversions.
Domestic and international lounge privileges, spend hurdles, and participating terminals
This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
• Joining Fee: ₹500 + GST. • Annual Renewal Fee: ₹500 + GST. • Spend-Based Fee Waiver: Annual fee waived on achieving retail spends of ₹50,000 in the preceding anniversary year. • IndianOil Fuel Savings: 5% of spend earned as Fuel Points at IndianOil fuel outlets (capped at 250 points/month for first 6 months, 150 points/month thereafter). • Grocery & Utility Spends: 5% of spend earned as Fuel Points on groceries and utility bill payments (capped at 100 points/month each). • Base Rewards: 1 Fuel Point per ₹150 spent on all other eligible retail transactions. • Fuel Point Valuation: 1 Fuel Point = ₹0.96 when redeemed against IndianOil fuel purchases via XTRAREWARDS POS terminals. • Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions between ₹400 and ₹5,000 (maximum waiver ₹250 per statement cycle). • Foreign Currency Markup: 3.50% + GST on foreign exchange transactions.
Evaluate whether this card's perks and waiver threshold justify its ₹500 renewal fee.
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Common questions regarding IndianOil HDFC Bank Credit Card application, fees, reward redemption, and eligibility
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Direct online application on the official HDFC Bank portal with paperless verification.
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