What is the reward rate on the IndianOil HDFC Bank Credit Card?

You earn 5 points per ₹100 on IndianOil fuel outlets (first 6 months). Everything else earns 1 point per ₹150. Each point is worth about ₹0.96 when you redeem it well, so ₹10,000 of top category spend gives you 500 points, roughly ₹480, which is about 4.8% back. The accelerated rate stops after ₹240 of spend in a month. Fuel Spends (for base rate), Wallet loads, Rent payments, EMI earn nothing at all.

Which spends do not earn rewards on the IndianOil HDFC Bank Credit Card?

Fuel Spends (for base rate), Wallet loads, Rent payments, EMI earn nothing on this card. Fuel Surcharge waiver of 1% is capped at ₹250 per statement cycle. Between them these cover a large part of a normal month, so work out your reward rate on eligible spend only, not on your total bill.

What changed on the IndianOil HDFC Bank Credit Card recently and is it still worth it in 2026?

Other: Built-in fuel-points step-down (250→150/month after 6 months); HDFC surcharges. At ₹50,000 of yearly spend the card returns roughly ₹320 at its general rate of about 0.64%, against a ₹500 renewal fee. That does not clear the fee on its own, so this card only makes sense if the lounge visits or the co-brand benefits are worth the gap to you.

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Card Details

6896 8956 7488 3398

IndianOil HDFC Bank Credit Card

HDFCVISA

Monzy Score

5.5/ 10

Decent for high fuel spenders.

Thin rewards outside its core category; high 3.5% forex markup.

Card Issuer

HDFC Bank

Joining Fee

₹500

Annual Fee

₹500

Reward Type

—

Card Access

Standard

Changes to this card

3 Sep 2026
Official product page updated.

Earn Points

5pts

/₹100 at Indianoil (First 6 Months, max ₹240/Mo)

5pts

/100 at Indianoil (After 6 Months, max ₹144/Mo)

5pts

/₹100 on Grocery Purchases (max ₹96/Mo)

5pts

/₹100 on Bill Payments (max ₹96/Mo)

Benefits

Flights

0.2₹ per Fuel Point → Flight Bookings

Fuel

1% Fuel Surcharge Waived All Stations

5% Off as Fuel Points at Indianoil

Insurance

Zero Fraud Liability With 24/7 Reporting

Railway

Railway Bookings & Travel Rewards

Shopping

1 Fuel Point/₹150 Other Purchases

Groceries

5% Grocery Spends as Fuel Pts

Hotels

0.2₹ per Fuel Point → Hotel Bookings

Welcome Benefits

₹500 Fee, Waived at ₹50K Annual Spend

Reward Calculator

NOTE: Enter your monthly spends to see
projected returns.

Excluded: rent, wallet, government, emi, gold

Total Monthly Spend

Min: ₹5,000Max: ₹2,00,000

Estimated Returns

Fuel at IndianOil outlets

5% as Fuel Points; cap 150 FP/month (250 FP/month for first 6 months). 1 FP=Rs.0.96 for fuel via IXRP (Rs.0.20 for catalogue/cashback)

₹144

Groceries

5% as Fuel Points; capped 100 FP/month (=Rs.96 @0.96)

₹96

Bill payments / Utilities

5% as Fuel Points; capped 100 FP/month

₹96

All other spends (incl UPI)

1 Fuel Point per Rs.150

₹148

Total Annual Return

₹5,807

1.61% Effective ROI

What Users Are Saying

Community Feed

Jul 2025

IndianOil HDFC Bank Credit Card

Changes to this card

Earn Points

Benefits

Reward Calculator

What Users Are Saying

Frequently Asked Questions

Things to Keep in Mind

IndianOil HDFC Bank Credit Card

Changes to this card

Earn Points

Benefits

Reward Calculator

What Users Are Saying

Frequently Asked Questions

Things to Keep in Mind

IndianOil HDFC Bank Credit Card

Changes to this card

Earn Points

Benefits

Reward Calculator

What Users Are Saying

Frequently Asked Questions

Things to Keep in Mind