Question 1

What is the annual fee on the IndianOil HDFC Bank Credit Card and how do you get it waived?

Accepted Answer

The IndianOil HDFC Bank Credit Card charges ₹500 plus GST as a joining fee and the same ₹500 again at renewal. The first year fee is currently being waived on new approvals. HDFC Bank waives the renewal fee if you spend ₹50,000 in the previous year, which is about ₹4,167 a month. If your card spend sits below that, treat ₹500 as a real yearly cost that your rewards have to clear first.

Question 2

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

Accepted Answer

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.

Question 3

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

Accepted Answer

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.

Question 4

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

Accepted Answer

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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IndianOil HDFC Bank Credit Card

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