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Key Features of HDFC IndianOil Credit Card
- Fuel Rewards:
- 5% Fuel Points: Earn 5% of your spends as Fuel Points at IndianOil outlets (250 points/month cap for first 6 months, then 150 points/month).
- 1% Surcharge Waiver: Get 1% fuel surcharge waiver on transactions above ₹400 at all petrol pumps (max ₹250/statement).
- Reward Program:
- 5% Fuel Points: On grocery purchases and bill payments (100 points/month cap per category).
- 1 Fuel Point per ₹150: On all other spends including UPI transactions.
- Redemption Options: Redeem for fuel (1 point = ₹0.96), cashback (1 point = ₹0.20), or catalogue products.
- Fee Structure:
- Joining/Annual Fee: ₹500 + GST (waived if spend ₹20,000 in first 90 days or ₹50,000 annually).
- Interest Rate: 3.6% monthly (43.2% annual) on revolving credit.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹5,000 at all petrol pumps across India, with a maximum waiver of ₹250 per statement cycle.
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Insurance Benefits:
- Lost Card Liability: Zero liability for fraudulent transactions if reported immediately.
- Purchase Protection: Coverage against damaged/stolen purchases.
- Contactless Payments: The card supports contactless payments for fast, secure transactions at retail outlets. In India, transactions up to ₹5,000 do not require a PIN; higher amounts require PIN verification.
- UPI Integration (RuPay Variant): Available in both Visa and RuPay variants, the RuPay variant allows linking to UPI apps (e.g., Google Pay, PhonePe). Earn Fuel Points on UPI transactions (1 point per ₹150 spent).
- Foreign Currency Transactions: 3.5% markup fee on international spends (standard rate for this card category).
- Zero Lost Card Liability: Zero liability for fraudulent transactions in case of card loss or theft if reported immediately to HDFC Bank's 24-hour call center or blocked via net banking.
- Interest-Free Credit Period: Up to 50 days of interest-free credit, subject to the merchant submitting the charge on time.
- Revolving Credit: Available at nominal interest rate (3.6% per month or 43.2% per annum), allowing flexibility in payments.
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Exclusive IndianOil Offers:
- Lubricant Discounts: Additional 5-10% off on lubricant purchases at IndianOil outlets.
- Periodic Promotions: Bonus Fuel Points during special campaigns.
- Insurance Protection:
- Lost Card Liability: ₹9 lakhs coverage if reported promptly.
- Purchase Protection: Coverage against damaged/stolen purchases.
- Fuel Savings: 1% surcharge waiver on fuel spends between ₹400–₹5,000, capped at ₹250 per statement cycle, reducing fuel expenses significantly for regular users.
- Digital Payment Convenience:
- UPI Integration: The RuPay variant supports UPI transactions, allowing cardholders to link the card to UPI apps.
- Contactless Payments: Quick tap-and-pay up to ₹5,000 without PIN.
- Foreign Currency Markup Fee: 3.5% markup fee on foreign currency transactions, which is standard for this card category.
- Zero Lost Card Liability: Cardholders face zero liability for unauthorized transactions if the card is lost or stolen, provided the loss is reported immediately to HDFC Bank's 24-hour call center or blocked via net banking.
- Interest-Free Credit Period: Up to 50 days of interest-free credit, provided the merchant submits the charge on time, offering flexibility in managing payments.
- Flexible Redemption Options: With 1 Fuel Point equating to 96 paise, this redemption option offers excellent value, enabling cardholders to directly offset fuel expenses with their accumulated points.
- Redeem Fuel Points for Free Fuel: The IndianOil XTRAREWARDS Program (IXRP) membership, provided complimentary with the HDFC Credit Card, allows cardholders to redeem Fuel Points for free fuel at over 20,000.
- Cashback and Catalogue Redemptions: Fuel Points can be redeemed as cashback against the card’s statement balance, where 1 Fuel Point equals 20 paise.
- Two-Year Validity for Fuel Points: Fuel Points earned with the HDFC petrol card remain valid for two years from the date of accumulation, allowing cardholders to redeem them strategically for fuel, cashback, or catalogue items.
- Low Joining and Annual Fees: The HDFC IndianOil Credit Card comes with a modest joining and annual fee of ₹500 plus applicable taxes. This low cost ensures the benefits far outweigh the fees.
- Fee Waivers for Active Spenders: Cardholders can enjoy a first-year membership fee waiver by spending ₹20,000 within the first 90 days of card issuance.
- Interest-Free Credit Period: The HDFC petrol card offers up to 50 days of interest-free credit, providing flexibility in managing payments.
- EMI Conversion for Big Purchases: Large transactions can be converted into Equated Monthly Instalments (EMIs) with flexible tenures ranging from 6 to 24 months, making it easier to manage significant purchases.
- Revolving Credit at Nominal Rates: The HDFC IndianOil Credit Card offers revolving credit at competitive interest rates, enabling cardholders to carry a balance when necessary.
- Contactless Payments for Speed and Ease: The HDFC fuel card supports quick and secure contactless payments for transactions below ₹5,000, with a PIN required for larger amounts.
- UPI Integration with RuPay Variant: The RuPay variant of the HDFC petrol card can be linked to UPI applications, allowing for seamless mobile payments for everyday purchases.
- Zero Liability on Lost Cards: Cardholders face zero liability for fraudulent transactions if the card is lost or stolen and reported immediately to HDFC Bank’s 24-hour call center.
- Ideal for Frequent Travelers and Fleet Owners: The HDFC IndianOil Credit Card is ideal for those who regularly refuel at IndianOil outlets, such as commuters, taxi operators, and fleet managers.
- Accessible Eligibility Criteria: Applicants must be between 21 and 60 years old with a minimum monthly income of ₹12,000 for salaried individuals or an ITR above ₹6 lakh for self-employed individuals.
Frequently Asked Questions
1. What are the different variants of HDFC IndianOil Credit Cards?
HDFC Bank offers three variants:
- IndianOil HDFC Bank Credit Card (Basic)
- IndianOil HDFC Bank Privilege Credit Card (Mid-tier)
- IndianOil HDFC Bank Signature Credit Card (Premium)
- IndianOil HDFC Bank Credit Card (Basic)
- IndianOil HDFC Bank Privilege Credit Card (Mid-tier)
- IndianOil HDFC Bank Signature Credit Card (Premium)
2. How does the fuel surcharge waiver work on this card?
You get a 1% fuel surcharge waiver at all IndianOil petrol pumps (minimum transaction: ₹400). The waiver is capped at ₹250 per statement cycle for the basic variant and higher for premium variants.
3. Are there any rewards for non-fuel spends on this card?
Yes, you earn 2-10 reward points per ₹150 on non-fuel spends (excluding fuel, insurance, and utilities), depending on the card variant.
4. Can I use this card at non-IndianOil fuel stations?
Yes, but you won't get fuel surcharge waiver or accelerated rewards at non-IndianOil outlets.
5. Is there an annual fee for HDFC IndianOil Credit Cards?
Basic Variant: ₹500 + GST (waived if spends exceed ₹50,000 annually)
Privilege & Signature Variants: Higher fees, but may be waived on meeting spend criteria.
Privilege & Signature Variants: Higher fees, but may be waived on meeting spend criteria.
6. Do I get any welcome benefits with this card?
Some variants offer welcome rewards like bonus reward points or fuel vouchers upon activation and first spend.
7. How can I redeem my reward points?
Points can be redeemed for:
- IndianOil XTRAREWARDS fuel vouchers
- Cashback against statement
- Other e-gift vouchers (Amazon, Flipkart, etc.)
- IndianOil XTRAREWARDS fuel vouchers
- Cashback against statement
- Other e-gift vouchers (Amazon, Flipkart, etc.)
8. Does this card offer any discounts on Lubricants at IndianOil outlets?
Yes, some variants provide additional discounts (5-10%) on lubricant purchases at IndianOil pumps.
9. Is there a contactless payment feature on this card?
Yes, all HDFC IndianOil Credit Cards come with contactless NFC payments for secure and quick transactions.
10. What happens if I don't use my card for fuel purchases?
You still earn rewards on other spends, but the maximum benefits come from fuel transactions at IndianOil pumps.
List of HDFC Chennai Branches
- Chennai (Kilpauk)
- Chennai (Kodambakkam)
- Chennai (Korattur)
- Chennai (Kottivakkam)
- Chennai (Kotturpuram)
- Chennai (Koyambedu)
- Chennai (Madipakkam)
- Chennai (Mahalingapuram)
- Chennai (Mandaveli)
- Chennai (Mogappair)
- Chennai (Mylapore)
- Chennai (Nanganallur)
- Chennai (Nungambakkam)
- Chennai (Olympia Tech Park - Chennai)
- Chennai (Palavakkam)
- Chennai (Pallikaranai)
- Chennai (Parry's Corner)
- Chennai (Perambur)
- Chennai (Perungudi)
- Chennai (Poonamallee)