IndianOil HDFC Bank Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
Limited features and benefits.
No welcome benefits.
Reward System: Users can redeem Fuel Points through NetBanking towards catalogue products where 1 FP = upto 20 paise. Effective cashback rate of 0.20%. Customers will earn 5% Fuel Points of their spending as Fuel Points at IndianOil outlets. The value of 1 Fuel Poinbt is 0.96 Paisa. Effective cashback rate: 4.8%.
Customers can earn up to 50 Litres of free fuel annually.
Complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership.
Revolving credit facility available.
Zero Lost card liability.
Fuel surcharge waiver is available.
Smart EMI option available.
Credit Card is enabled for contactless payments, facilitating fast, convenient and secure payments at retail outlets.
Rewards & Benifits
Welcome Benefits
N/A
Rewards System
Users can redeem Fuel Points through NetBanking towards catalogue products where 1 FP = upto 20 paise. Effective cashback rate of 0.20%. Customers will earn 5% Fuel Points of their spending as Fuel Points at IndianOil outlets. The value of 1 Fuel Poinbt is 0.96 Paisa. Effective cashback rate: 4.8%
International Forex Markup
Bank Charges Cross currency mark-up of 3.5%
Welcome Benefits and Reward System
Special Features
Customers can earn up to 50 Litres of free fuel annually.
Eligibility Criteria
For Salaried Indian National:
Age: Min 21 years to Max 60 Years,
Net Monthly Income> Rs 10,000
For Self Employed Indian National:
Age: Min 21 years & Max 65 Years
Annual Income: ITR > Rs 6 Lakhs per annum
Benefits
Up to 50 liters of free fuel annually.
Accelerated Fuel Points.
Smart Pay benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Go to the HDFC Bank website.
Click on the "Credit Cards" tab.
Click on the "Apply for a Credit Card" button.
Select the "IndianOil HDFC Bank Credit Card" from the list of cards.
Enter your personal information, such as your name, address, and income.
Enter your PAN number and credit score.
Click on the "Submit" button.
A HDFC Bank representative will contact you to verify your details and complete the application process.
Contact Details
1800 202 6161 or 1860 267 6161,
send an SMS to 730 8080 808,
or even use WhatsApp to send a message to 707 0022 222.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Reward System: Users can redeem Fuel Points through NetBanking towards catalogue products where 1 FP = upto 20 paise. Effective cashback rate of 0.20%. Customers will earn 5% Fuel Points of their spending as Fuel Points at IndianOil outlets. The value of 1 Fuel Poinbt is 0.96 Paisa. Effective cashback rate: 4.8%.
Customers can earn up to 50 Litres of free fuel annually.
Complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership.
Revolving credit facility available.
Zero Lost card liability.
Fuel surcharge waiver is available.
Smart EMI option available.
Credit Card is enabled for contactless payments, facilitating fast, convenient and secure payments at retail outlets.
Limited features and benefits.
No welcome benefits.
IndianOil HDFC Bank credit card is the best suited for individuals with high fuel spending. This card offers you accelerated 5% Fuel Points on spends at IndianOil outlets, utility bill payments, and grocery shopping. It provides you with multiple redemption options, including fuel purchases, shopping, and many more. With XTRAREWARDS Program (IXRP), you can get a reward rate of Rs 0.96 on your fuel spending, which is a really significant reward rate. Moreover, you can make this card absolutely free by getting the joining and renewal fee waived off on the basis of your spends.
Indianoil hdfc bank credit card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining/ Renewal Membership Fee – Rs. 500/- + Applicable Taxes
Cash advance fee: 2.5% or ₹ 500 whichever is higher.
Interest Rates: 3.60% p.m. 43.20% p.a.
Late Payment Charges: Less than ₹100 = Nil ₹100 to ₹500 = ₹100/- ₹501 to ₹5,000 = ₹500/- ₹5,001 to ₹10,000 = ₹600/- ₹10,001 to ₹25,000 = ₹800/- ₹25,001 to ₹50,000 = ₹1100/- More than ₹50,000 = ₹1300/-
Foreign Currency Transactions Fees: 3.5%.
Reward Redemption Fees: Rs. 99/-
Fuel Surcharge
1% fuel surcharge waiver at all fuel stations across India (on minimum trasaction of ₹400. Max CashBack of ₹250 per statement cycle)
Billing Cycle
30 Days