info@logintoloans.com +91 8885545255

Logintoloans Assistant

Select your profession

Salaried Icon Salaried
Business Icon Business
CA CA
Doctor Doctor
NRI NRI
School School
College College
Student Student

Enter Pincode

Personal Details

Features of the Federal Bank IOCL RuPay Credit Card

  • Reward Points Structure : The Federal Bank IOCL RuPay Credit Card offers a robust rewards program tailored to diverse spending habits. It likely follows a tiered rewards structure similar to other Federal Bank cards, such as the 3-2-1 model seen in the RuPay Signet Credit Card. For this card, the rewards are expected to be heavily weighted toward fuel purchases at IOCL outlets, with additional benefits for other categories like groceries, utilities, and online shopping. Cardholders can earn accelerated reward points, potentially 20X points per INR 100 spent on fuel at IOCL stations, capped at a monthly limit (e.g., 1000 points). For non-fuel spends, such as online shopping, the card may offer 5X points per INR 100, with a standard 1X point for other eligible transactions. These points are redeemable through the Federal Bank rewards portal or IOCL’s XTRAREWARDS program, allowing users to convert points into fuel, vouchers, or other products. The rewards structure is designed to maximize value for frequent fuel users, making it ideal for individuals who rely on personal vehicles for commuting or travel. The integration with IOCL’s XTRAREWARDS program enhances the card’s appeal by offering a seamless redemption process at IOCL fuel stations. Additionally, the card may provide bonus points as a welcome benefit, such as 1250 points for the first fuel transaction within 30 days of card issuance, equivalent to a cashback value of INR 250.
  • Fuel Surcharge Waiver: A standout feature of the Federal Bank IOCL RuPay Credit Card is the fuel surcharge waiver, which applies to transactions at IOCL fuel stations across India. Typically, this waiver is 1% on fuel purchases between INR 400 and INR 4000 per transaction, with a maximum waiver capped at INR 50–100 per statement cycle. This feature reduces the overall cost of fuel, providing significant savings for cardholders who frequently refuel at IOCL outlets. The waiver is automatically applied at the point of sale, ensuring a hassle-free experience without the need for manual claims
Bank of Baroda Premier Credit Card
    • UPI Integration: As a RuPay-powered card, the Federal Bank IOCL RuPay Credit Card supports Unified Payments Interface (UPI) integration, enabling cardholders to link the card to UPI apps like BHIM, Google Pay, or PhonePe. This feature allows for seamless, contactless payments for fuel, online shopping, bill payments, and other transactions. UPI-linked transactions maintain the same reward points structure, ensuring cardholders continue to earn benefits even when paying via mobile apps. The integration enhances convenience, especially for small-value transactions at IOCL stations or merchants accepting UPI QR codes.
    • Complimentary Lounge Access: The card offers complimentary access to domestic airport lounges, likely up to two visits per quarter, aligning with premium RuPay cards’ offerings. This feature is a significant perk for frequent travelers, providing access to comfortable lounges with amenities like refreshments, Wi-Fi, and seating areas. International lounge access may also be available, potentially up to two visits per year, enhancing the travel experience for cardholders who frequently travel abroad.
    • Contactless Payment Technology: Equipped with Chip+PIN and contactless payment technology, the Federal Bank RuPay Select Credit Card ensures secure and swift transactions. The contactless feature allows cardholders to tap and pay at point-of-sale (POS) terminals, reducing transaction time and enhancing convenience for everyday purchases like groceries, dining, or retail shopping. The Chip+PIN technology adds an extra layer of security for high-value transactions.
    • Insurance Coverage: The card includes comprehensive insurance benefits, such as personal accident insurance cover worth up to INR 10 lakh, covering death or permanent total disability. This feature provides financial protection to cardholders and their families in unforeseen circumstances, making it a valuable addition for those seeking peace of mind.
    • Cashback and Discounts: Cardholders can enjoy cashback offers and discounts across various categories, including dining, shopping, and utility bill payments. For example, the card may offer 5% cashback on utility bill payments (capped at INR 50 per month) and dining expenses, along with merchant-specific discounts at partnered brands like Swiggy, BookMyShow, or BigBasket. These offers maximize savings on everyday spends.
    • Milestone Benefits: The card may include milestone-based rewards, such as bonus reward points or vouchers upon reaching specific spending thresholds. For instance, spending INR 50,000 in a quarter could earn 1,000 bonus reward points, while a minimum spend of INR 3,000 within the first 30 days may unlock an Amazon Pay e-voucher worth INR 200–500. These milestones encourage regular card usage and enhance the overall value proposition.
    • 24/7 Concierge Services: The card offers access to 24/7 concierge services, providing assistance with travel bookings, restaurant reservations, event planning, and more. Available in English and Hindi, this service caters to cardholders’ lifestyle needs, ensuring personalized support at any time.
    • Fuel Surcharge Waiver: A 1% fuel surcharge waiver is available on transactions between INR 400 and INR 5,000 at fuel stations across India, with a maximum waiver of INR 400 per billing cycle. This feature benefits cardholders who frequently use their vehicles, reducing fuel-related expenses.
    • Lifetime Free Option:
    • >EMI Conversion Options: High-value purchases can be converted into easy Equated Monthly Installments (EMIs) with tenures of 3 or 6 months, often at low interest rates starting at 0.83% per month (9.99% per annum). This feature provides flexibility for managing large expenses, such as electronics or travel bookings, without straining finances.
    • Secure Credit Card Option: For those who prefer a secured credit card, the Federal Bank RuPay Select Credit Card may be issued against a Fixed Deposit (FD) with a minimum amount of INR 25,000 and a tenure of at least 6 months. Cardholders can avail up to 80% of the FD amount as a credit limit, capped at INR 10 lakh, making it accessible for those with limited credit history.
    • Wide Acceptance: As a RuPay card, it is widely accepted across India at POS terminals, ATMs, and e-commerce platforms. Internationally, it is accepted at Discover Financial Service (DFS)-enabled terminals in over 185 countries, ensuring global usability for travel and online purchases.
    • Online Account Management: Cardholders can manage their accounts through Federal Bank’s user-friendly platforms, including the FedMobile app, FedNet internet banking, or the credit card website. Features include viewing statements, tracking transactions, making payments, and redeeming rewards, ensuring complete control over the card’s usage.
    • Add-On Cards: The card allows up to three add-on cards for immediate family members (spouse, parents, siblings, or children) aged 18 and above, sharing the same credit limit. This feature is ideal for families looking to streamline expenses while enjoying the card’s benefits.
    • Low Interest Rates: The card offers a dynamic Annual Percentage Rate (APR) starting from 0.69% per month (8.28% per annum) to 3.75% per month (45% per annum), depending on the cardholder’s banking relationship with Federal Bank. This flexibility ensures competitive financing options.
    • Welcome Benefits:< New cardholders may receive welcome benefits, such as 300 bonus reward points on their first transaction within 90 days or a gift voucher worth INR 200–500 upon spending INR 3,000 in the first 30 days. These perks provide an immediate value-add for new users.
    • Customizable Credit Limits: The bank periodically reviews the credit limit based on the cardholder’s creditworthiness and financial profile. Eligible customers can request a limit increase by submitting financial documents, ensuring the card adapts to changing financial needs.
    • Fraud Protection: The card includes robust security features, such as zero liability on unauthorized transactions reported promptly. Cardholders can block the card instantly via customer care, mobile banking, or internet banking in case of loss or theft, ensuring financial safety.
    • Eco-Friendly Options: Federal Bank may offer a virtual version of the RuPay Select Credit Card, reducing the need for physical plastic and aligning with sustainable practices. The virtual card can be used for online transactions and UPI payments, enhancing convenience.
Premier Card Benefits

Benefits of the Federal Bank IOCL RuPay Credit Card

  • Fuel Savings: One of the primary benefits of this card is its focus on fuel-related savings. Cardholders earn accelerated reward points (e.g., 20X points per INR 100) on fuel purchases at IOCL outlets, translating to a value-back of up to 4–5%. Additionally, the 1% fuel surcharge waiver on transactions between INR 400 and INR 4000 (capped at INR 50–100 per cycle) reduces the cost of refueling. For individuals who spend significantly on fuel, such as daily commuters or frequent travelers, these savings can accumulate to hundreds or thousands of rupees annually, making the card highly cost-effective.
  • Reward Points Redemption: The card’s rewards program allows points to be redeemed through IOCL’s XTRAREWARDS program or Federal Bank’s rewards portal. With a redemption rate of approximately 1 Fuel Point = INR 0.96, cardholders can use points to offset fuel costs, purchase products, or redeem vouchers for travel, shopping, or dining. The flexibility to redeem points across multiple categories enhances the card’s utility, ensuring that rewards align with the cardholder’s preferences.
    • Entertainment and Dining Offers: Cardholders enjoy entertainment benefits, such as BOGO offers on INOX movie tickets (once per quarter), which can save up to INR 400–500 per transaction.
    • Welcome and Milestone Bonuses: New cardholders receive welcome benefits, such as an Amazon Pay e-voucher worth INR 200–500,
    • Financial Flexibility: The interest-free period of up to 48 days allows cardholders to manage cash flow effectively, particularly for fuel and lifestyle expenses.
    • Insurance Coverage: The personal accident insurance cover of up to INR 2 lakhs offers peace of mind, particularly for cardholders who travel frequently or rely on vehicles.
    • Concierge Support: The 24/7 concierge service enhances the card’s lifestyle benefits by assisting with tasks such as booking flights, securing restaurant reservations, or arranging event tickets.
    • Cost-Effective Fee Structure: The card’s nominal joining and annual fee (typically INR 500) can be waived by meeting a minimum spend threshold, such as INR 50,000–75,000 annually.
    • UPI Convenience: The ability to link the card to UPI apps allows for quick and secure payments at IOCL outlets, online merchants, and other venues.
    • Enhanced Security: The card’s EMV chip and OTP-based authentication provide robust security for both online and offline transactions. Contactless payment technology further reduces the risk of card skimming.
    • Wide Acceptance: The RuPay network’s extensive acceptance across India, combined with IOCL’s vast network of fuel stations, ensures that cardholders can use the card seamlessly for fuel, shopping, and other expenses.
    • Digital Management Tools: The FedMobile and FedNet platforms allow cardholders to monitor transactions, check reward balances, and make payments conveniently.
    • Lifestyle Enhancements: The card’s rewards and discounts on electronics, apparel, dining, and entertainment align with modern lifestyle needs, making it ideal for young professionals, families, and frequent travelers.
    • Eco-Friendly Options: The card supports digital statements and rewards redemption, reducing paper usage and aligning with sustainability goals. This feature appeals to environmentally conscious users who prefer eco-friendly.
    • Competitive Interest Rates: The dynamic APR (8.28% to 45% annually) allows cardholders with a strong banking relationship with Federal Bank to benefit from lower interest rates, reducing the cost of carrying a balance.
    • Community Impact: By partnering with IOCL, the card supports one of India’s largest fuel providers, contributing to the domestic economy. The rewards program encourages spending at IOCL outlets.
    • Tailored for Fuel Users: The card’s focus on fuel benefits, including accelerated points and surcharge waivers, makes it an ideal choice for individuals with high fuel consumption, such as daily commuters, cab drivers.
    • Comprehensive Rewards: The combination of fuel points, lifestyle rewards, and travel perks ensures that cardholders receive value across multiple spending categories, making the card versatile and rewarding.
Check Best Gold Loan Offers

How to Apply for the Federal Bank IOCL Visa Credit Card

  • Online Application via Federal Bank Website:
    • Visit Federal Bank’s official website and navigate to the ‘Credit Cards’ section.
    • Select the IOCL Visa Credit Card and click ‘Apply Now’ to open the application form.
    • Fill in personal, employment, and financial details carefully.
    • Upload scanned copies of required documents (PDF/JPEG format, max 2MB).
    • Submit the form to receive an application ID for tracking.
  • Application via HP Pay App:
    • Log in to the HP Pay app using your registered mobile number.
    • Go to the ‘Credit Card’ section and select the Federal Bank IOCL Visa Credit Card.
    • Enter your details and upload necessary documents digitally.
    • Submit and track the application within the app itself.
  • Branch-Based Application:
    • Visit a nearby Federal Bank branch and request the IOCL Visa Credit Card form.
    • Fill out the form and submit self-attested copies of identity, address, and income documents.
    • Carry original documents for verification.
    • Branch staff will guide you through the application process.
  • Customer Care Assisted Application:
    • Call 8885545255 for guidance.
    • The bank representative will assist you with eligibility, documentation, and submission steps.
  • Eligibility Criteria:
    • Age: 21–65 years for primary cardholders; 18+ for add-on users.
    • Income: ₹3.6 lakh p.a. for salaried; ₹4.8 lakh p.a. for self-employed.
    • Credit Score: 750+ preferred.
    • Resident Indians and NRIs can apply with proper documentation.
  • Required Documents:
    • Identity Proof: Aadhaar, PAN, Passport, Voter ID, Driving License.
    • Address Proof: Utility bill, Aadhaar, Passport, Rental Agreement.
    • Income Proof:
      • Salaried: Last 3 months’ salary slips, Form 16, 3-month salary bank statement.
      • Self-Employed: ITR for 2 years, audited financials, 6-month bank statement.
    • Recent passport-size photos, HP Pay account details (if applicable).
  • Application Review and Approval:
    • Federal Bank reviews eligibility, credit history, and documentation.
    • Processing usually takes 7–10 working days.
    • Receive updates via email, SMS, or app notification.
  • Tracking Application Status:
    • Track via Federal Bank’s website using application ID or PAN/mobile.
    • Use the Federal Bank app or call customer care for updates.
  • Card Activation:
    • Activate via FedMobile, internet banking, or customer care helpline.
    • Set a secure PIN for ATM, POS, and UPI usage.
    • Link to HP Pay app to maximize fuel rewards.
  • Tips for a Successful Application:
    • Maintain a CIBIL score of 750+ for better approval chances.
    • Ensure document clarity and completeness before uploading.
    • Highlight your relationship with Federal Bank if you're an existing customer.

Eligibility Criteria for the Federal Bank IOCL Visa Credit Card

  • Age Requirements:
    • Unsecured Card: Applicants must be between 21 and 65 years old.
    • Secured Card: Minimum age is 18 years; maximum is 70 years (may be extended for NRIs and HNIs).
    • Add-On Cardholders: Must be at least 18 years old and related to the primary cardholder.
  • Income Requirements:
    • Salaried: Minimum monthly income of ₹25,000 required.
    • Self-Employed: Annual income of at least ₹3 lakh, supported by ITR and financial documents.
    • Premium Applicants: Higher income levels (₹5 lakh+) may be required for enhanced credit limits.
  • Employment Status:
    • Salaried: Minimum 1 year of continuous employment with the current employer preferred.
    • Self-Employed: Business should be operational for at least 2 years with valid proof.
  • Residency and Nationality:
    • Available for Indian residents with a verifiable address in a Federal Bank serviceable location.
    • NRIs eligible if they hold an NRE/NRO account and provide valid Indian documentation.
  • Location Eligibility:
    • Applicants must reside in an area serviced by Federal Bank.
    • Rural or blacklisted zones may not be eligible unless alternate address is provided.
  • Credit Profile:
    • Credit Score: A score of 750+ preferred for unsecured card approval.
    • Credit History: Clean history with no defaults or missed payments over the last 12–24 months.
    • Low Credit Utilization: Below 30% is ideal to reflect responsible credit use.
  • Secured Card Option:
    • Available for applicants with low or no credit score.
    • Requires an FD of at least ₹25,000 with a 6-month minimum tenure.
  • Additional Considerations:
    • Pre-Approved Offers: May be available for existing Federal Bank customers.
    • Financial Stability: Applicants with savings, investments, or other assets have higher approval chances.
    • Stable Address: Address proof must match application form; frequent changes may affect approval.
    • KYC Compliance: Aadhaar, PAN, and other valid documents required. NRIs may need PIO card or passport.
  • Banking Relationship:
    • Existing Federal Bank customers with active savings, salary, or fixed deposit accounts may have easier approval chances.
    • Loan repayment history with the bank (if any) is also considered during evaluation.
  • Mobile Number and Email Verification:
    • Applicants must have an active mobile number linked to Aadhaar for OTP and KYC verification.
    • A valid and frequently used email ID is necessary for communication and digital card activation.
  • IOCL Pay Integration (Optional):
    • Users who already use the IOCL Pay app may be given priority, especially if transaction history is active.
Check Best Gold Loan Offers

Documents Required for the Federal Bank IOCL Visa Credit Card

  • Identity Proof
    • Aadhaar Card: Must include a masked Aadhaar number (only the last four digits visible).
    • PAN Card: Mandatory for tax compliance and linking with financial records.
    • Passport: Valid for Indian residents and NRIs, with address and photo.
    • Voter ID: Issued by the Election Commission of India, with clear details.
    • Driver’s License:Should include a photo, date of birth, and be issued by a recognized authority.
    • PIO Card: Required for NRIs of Indian origin, if applicable.
  • Address Proof
    • Aadhaar Card: Must match the address provided in the application.
    • Utility Bill: Electricity, gas, or water bill issued within the last 3 months.
    • Bank Statement: Should reflect the applicant’s name and current address (last 3 months).
    • Rental Agreement: Must be registered and include applicant’s name and address.
    • Passport: Address page must reflect the current residence.
    • Ration Card: Accepted in certain cases for address validation.
  • Salaried Individuals:
    • Salary Slips: Last 3 months showing consistent income from current employer.
    • Bank Statements: 3–6 months of salary credit account, reflecting regular deposits.
    • Form 16: Latest Form 16 issued by the employer to verify annual income.
    • Employment Certificate: Letter from employer confirming designation and tenure.
  • Self-Employed Individuals:
    • Income Tax Returns (ITR): ITRs of last 2 years, reflecting business income.
    • Bank Statements: Last 6 months of business/personal account showing income flow.
    • Business Registration Proof: GST certificate, shop license, or partnership deed.
  • Additional Requirements for NRIs:
    • Indian Address Proof: Bank statement or utility bill of linked NRE/NRO account.
    • Overseas Address Proof: Recent utility bill, rental agreement, or government ID.
  • Secured Card Applicants:
    • Fixed Deposit Receipt: FD of at least ₹25,000 with a minimum 6-month tenure.
    • Savings Account Details: Must hold an active savings account with Federal Bank.
  • Existing Credit Card Holders:
    • Latest Credit Card Statement: Reflecting recent usage and payment behavior.
    • Front Copy of the Credit Card: For verification of existing credit history.
  • Photographs
    • Two passport-sized recent color photographs with white background.

Factors Affecting Eligibility for Federal Bank IOCL RuPay Credit Card

  • Credit Score and History
    • A credit score of 750+ significantly improves chances of approval, as it reflects responsible credit behavior.
    • Past delinquencies, defaults, or frequent hard inquiries (multiple recent applications) may lower approval odds.
    • Federal Bank reviews credit history from bureaus like CIBIL, Equifax, and Experian over the past 12–24 months.
  • Income and Employment Stability
    • Salaried applicants should have a minimum monthly income of ₹25,000; self-employed individuals need ₹3 lakh annually.
    • Stable employment for over one year (salaried) or two years of business continuity (self-employed) is preferred.
    • Inconsistent income or frequent job changes may be considered high risk by the bank.
  • Credit Utilization and Debt Levels
    • A Credit Utilization Ratio (CUR) below 30% is ideal to demonstrate responsible credit use.
    • High CUR, such as using ₹90,000 of a ₹1 lakh limit, may reduce approval likelihood despite a good score.
    • Applicants with high outstanding loans or credit card balances may face rejections based on their debt-to-income ratio.
  • Location and Federal Bank Relationship
    • Eligibility may be restricted to certain geographies within Federal Bank’s operational areas.
    • Applicants from blacklisted, remote, or unsupported areas may need to provide alternate addresses.
    • Existing customers with savings accounts, FDs, or loans may benefit from faster approvals or better limits.
  • Application Accuracy
    • Ensure all submitted documents are valid, consistent, and match application data (e.g., name, address, income).
    • Errors or mismatches in KYC details can lead to delays or outright rejections.
    • Accurate mobile and email are essential for VKYC and verification.
  • Recent Credit Inquiries
    • Multiple credit card or loan applications within 3–6 months negatively affect the score via hard inquiries.
    • Apply strategically and avoid excessive credit-seeking behavior before submitting an application.
  • Secured vs. Unsecured Option
    • Applicants with low scores or limited income can opt for a secured IOCL card backed by an FD.
    • Minimum FD requirement and tenure vary; the deposit acts as collateral to ease approval risks.
  • Spending Behavior and Lifestyle Fit
    • Applicants with regular fuel expenses, especially at IOCL pumps, are more likely to benefit from the card’s offers.
    • Federal Bank may assess historical spending patterns (if an existing customer) to match product suitability.

Frequently Asked Questions (FAQs) – Federal Bank IOCL RuPay Credit Card

1. What is the Federal Bank IOCL RuPay Credit Card?
The Federal Bank IOCL RuPay Credit Card is a co-branded credit card launched in collaboration between Federal Bank, Indian Oil Corporation Limited (IOCL), and the RuPay card network. It is designed to offer exclusive fuel benefits, reward points, and savings to customers who frequently refuel at IndianOil fuel stations.
2. What are the key benefits of the IOCL RuPay Credit Card?
Some notable benefits include:
- 5% value back (in reward points) on fuel purchases at IndianOil outlets
- 2 reward points per ₹150 spent on non-fuel categories
- Fuel surcharge waiver up to ₹100 per month
- Welcome benefit of 1000 bonus reward points on spending ₹500 within 30 days
3. Is this card accepted internationally?
No, the Federal Bank IOCL RuPay Credit Card is a domestic card and is accepted only within India at all RuPay-enabled merchants and ATMs.
4. How do I apply for this credit card?
You can apply online through the Federal Bank official website or visit your nearest Federal Bank branch. You’ll need to provide basic KYC documents, income proof, and PAN card details.
5. What is the annual fee for the IOCL RuPay Credit Card?
The joining and annual fee for this card is ₹499 plus GST. However, the annual fee is waived off if you spend ₹50,000 or more in the previous year.
6. How are reward points calculated for fuel purchases?
For every ₹150 spent on fuel at IndianOil petrol pumps, you earn 24 reward points, equivalent to 5% value back. This is applicable only when you swipe at IOCL outlets using the card on a RuPay terminal.
7. How can I redeem my reward points?
Reward points can be redeemed through the Federal Bank Rewards portal for a wide range of options including shopping vouchers, merchandise, utility bill payments, and more.
8. Is there any fuel surcharge waiver?
Yes, you get a 1% fuel surcharge waiver at IOCL outlets for transactions between ₹200 and ₹5,000. The waiver is capped at ₹100 per month.
9. Can I use this card for online shopping?
Absolutely! You can use the Federal Bank IOCL RuPay Credit Card on all RuPay-enabled online platforms and apps for shopping, food delivery, bill payments, etc.
10. What is the credit limit offered on this card?
The credit limit is determined based on your credit profile, income, and Federal Bank’s internal policies. It will be communicated to you upon approval.
11. Does the card support contactless payments?
Yes, the card comes with NFC (Near Field Communication) technology, allowing contactless tap-and-pay transactions at compatible POS terminals.
12. Are there any milestone benefits?
Yes. Cardholders can earn bonus reward points or fee waivers by achieving annual spending milestones such as ₹50,000 for fee waiver and other promotional offers.
13. What to do if I lose my IOCL RuPay Credit Card?
Immediately report the loss to Federal Bank customer care at 1800-425-1199 (toll-free) or use the mobile banking app to block the card and prevent misuse. A replacement card will be issued upon request.
14. Is this card suitable for non-fuel usage?
While the card is designed with a focus on fuel rewards, it also offers standard benefits for retail, dining, and online transactions, making it suitable for everyday spending.
15. Can I convert my purchases to EMIs?
Yes, eligible purchases above a certain amount can be converted into EMIs at attractive interest rates. You can request EMI conversion through internet banking, mobile app, or customer care.

List of Federal Bank IOCL RuPay Credit Card Branches in Karnataka

  • Hubli - Deshpande Nagar
  • Hubli - Vidyanagar
  • Hubli - Gokul Road
  • Karnataka - Hubli
  • Karnataka - Tumkur
  • Belgaum - Tilakwadi
  • Belgaum - Hindwadi
  • Belgaum - Old P B Road
  • Karnataka - Belgaum
  • Tumkur - Siddaganga Extension
  • Davangere - P B Road
  • Davangere - Hadadi Road
  • Karnataka - Davangere
  • Gulbarga - Station Road
  • Tumkur - B H Road
  • Gulbarga - Super Market
  • Karnataka - Gulbarga
  • Shimoga - B H Road
  • Shimoga - Durgi Gudi
  • Karnataka - Shimoga