IndianOil HDFC Bank Credit Card

The HDFC IndianOil Credit Card is a credit card that is co-branded by HDFC Bank and the Indian Oil Corporation.

This credit card is designed specifically for persons who frequently travel around the city in their own vehicles. The card provides a variety of features and perks, particularly in the gasoline area, among others.

The IndianOil HDFC Bank credit card has an Rs.500 annual fee and a monthly interest rate of 3.49%.

Indian oil HDFC Credit card.png

Image Source: HDFC Official website

Highlights of the HDFC IndianOil Credit Card

Suitability

Fuel Transactions

Joining Fee

Rs. 500

Benefits

Get 5% back on your fuel spent at IndianOil outlets as 'Fuel Points.'

Renewal

Rs. 500 

Requirement

Salaried: Rs. 10,000 p.m.

Self-employed: ITR>Rs. 6 lakh p.a.

Indian Oil Credit Card HDFC Features and Benefits

  • Get 5% of your fuel expenses as redeemable points on your credit card.
  • Get up to 250 gasoline points in the first six months.
  • After the first six months, you can earn up to 150 gasoline points.
  • For groceries and bill payments, you can earn up to 100 gasoline points every month.
  • Earn one gasoline point for every 150 spent on other purchases.
  • Redeem fuel points for rebates or catalog purchases.
  • Nevertheless, the gasoline points do not have lifetime validity; they are only good for two years from the date they are obtained.
  • There is no personal culpability if you report a lost or stolen card.
  • A 1% fuel cost waiver is also available on minimum transactions of 400.
  • In addition, a 50-day interest-free period begins on the date the card is purchased.

This Best Fuel Credit Card is useful for people who own commercial vehicles such as lorries, taxis, transportation trucks, cars, and other commercial vehicles. If you frequently travel by car, this credit card will come in handy.

HDFC IndianOil Credit Card Charges and Fees

The following fees and charges are linked to this credit card-

Joining Fee

Rs. 500

Interest Rate

3.6% p.m.

Renewal Charges

Rs. 500

Late Payment Charges

  • Less than Rs. 100 – Nil
  • Rs. 100 to Rs. 500 – Rs. 100
  • Rs. 501 to Rs. 5,000 – Rs. 500
  • Rs. 5,001 to Rs. 10,000 – Rs. 600
  • Rs. 10,001 to Rs. 25,000 – Rs. 800
  • Rs. 25,000 to Rs. 50,000 – Rs. 1,100
  • Over Rs. 50,000 – Rs. 1,300

IndianOil HDFC Bank Credit Card Eligibility

To apply for the IndianOil HDFC Credit Card, applicants must meet the following eligibility requirements-

For Salaried

Age: 21-60 years

Income: Minimum Rs. 10,000 per month

For Self-Employed

Age: 21-65 years

Income: ITR> Rs. 6 lakhs per annum

Documents Required to Apply for the IndianOil HDFC Bank Credit Card

Many documents must be submitted during the application process. The following are some of the major documents that are required-

  • Address Proof: Ration Card, Voter ID, Passport, and Aadhaar card.
  • Proof of Income: Salary Slip, IT Returns, and Form 16.
  • Proof of Identity: Passport, Driving License, and Aadhaar card.

HDFC IndianOil Credit Card Apply Process

You can apply online by following the steps outlined below-

Step 1: Visit HDFC Bank's official website and choose the option 'Credit Cards' under the section 'Borrow.'

Step 2: You will be led to a new page that categorizes all HDFC Bank credit cards.

Step 3: Choose the IndianOil HDFC Bank Credit Card from the 'Fuel' category.

Step 4: Choose 'Apply Online.'

Step 5: Fill out the online application form and continue.

To apply offline, go to your nearest bank branch and fill out the application form available there, along with the necessary documentation.

Similar Credit Cards

Credit Card Name

Features

HDFC Bharat Cashback Credit Card

5% cashback on fuel

IndianOil Axis Bank Credit Card

4% value back on fuel purchase

ICICI HPCL Coral Credit Card

2.5% cash back at HPCL fuel 

BPCL SBI Card Octane

25X reward points on fuel at BPCL

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