HDFC IndianOil Credit Card Review – Apply, Benefits, Limit

HDFC IndianOil Credit Card Review – Are you looking for a credit card that offers a range of benefits? The HDFC IndianOil Credit Card is the perfect choice for you. This card offers a host of benefits, including cashback, discounts, reward points, and more.

With this card, you can save money on fuel purchases, get exclusive offers, and enjoy a host of other benefits. With this card, you can enjoy a hassle-free and secure payment experience. So, if you’re looking for a credit card that offers a range of benefits, the HDFC IndianOil Credit Card is the perfect choice for you.

Table of Content

HDFC IndianOil Credit Card Highlights Points

Feature/BenefitDetails
Welcome BenefitsGet benefits of 5% of your spending as Fuel Points at IndianOil Petrol Stations All over India
Fuel Spends CashbackUp to 5% cashback on fuel spends at Indian Oil outlets.
Fuel Surcharge Waiver1% fuel surcharge waiver on fuel transactions at a minimum of ₹400.
Rewards ProgramUp to 1 Fuel reward point for every Rs. 150 spent on non-fuel retail purchases.
Redemption OptionsRedeem reward points for fuel or non-fuel items at IndianOil outlets or for gift vouchers or merchandise through the rewards catalogue.
Zero LiabilityZero liability on lost or stolen cards.
Contactless TechnologyContactless payment technology for easy and secure transactions.
Other FeaturesComplimentary IndianOil XTRAREWARDSTM Program (IXRP) membership

What Are The HDFC IndianOil Credit Card Offers And Benefits

The HDFC IndianOil Credit Card offers a range of features and benefits that make it a great choice for anyone looking for a credit card. it allows users to Earn up to 50 Litres of Free fuel annually. It offers a host of rewards and discounts that make it a great choice for those who are looking to save money.

The card offers a range of rewards and discounts that can be used to purchase fuel at any IndianOil outlet. moreover, you also get a Complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership. The card also offers a 1% fuel surcharge waiver at all fuel stations across India on fuel purchases at other fuel outlets, including BPCL, HPCL, and IOCL. The card also offers a range of discounts on dining, shopping, and entertainment.

Apart from fuel purchases, it offers to Earn 5% of your spending as Fuel Points on Groceries and Bill Payments (Capped at 100 Fuel Points per month for each category). Moreover, it allows users to earn 1 Fuel Point for every ₹150 spent on all other purchases.

Top 10 Benefits And Features of HDFC IndianOil Credit Card

  1. Fuel Rewards: Earn up to 50 liters of free fuel annually, coupled with 5% fuel points on IndianOil outlet purchases, groceries, and bill payments.
  2. Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver at all fuel stations in India for transactions exceeding ₹400.
  3. Milestone Benefit: Spending ₹20,000 within the initial 90 days waives the first-year membership fee.
  4. Renewal Offer: Achieve a renewal fee waiver by spending ₹50,000 or more in the first year.
  5. Smart EMI: Convert significant purchases into manageable EMIs for added flexibility.
  6. Contactless Payment: Swift and secure payments at retail outlets with contactless-enabled functionality.
  7. Reward System: Comprehensive redemption options for fuel points, including free fuel, catalog products, or as cashback on the credit card.
  8. Zero Liability: In case of a lost card, report it promptly to the 24-hour call center for zero liability on fraudulent transactions.
  9. Fuel Point Validity: Accumulated fuel points remain valid for a period of 2 years.
  10. Eligibility: Accessible to salaried individuals with a monthly income exceeding ₹10,000 and self-employed individuals with an annual income surpassing ₹6 lakhs.
  11. Complimentary lounge access: Up to 2 visits per quarter to domestic airport lounges within India through DragonPass.

HDFC Bank IndianOil Credit Card Minimum Limit

  1. Variable Credit Limit: The credit limit for HDFC IndianOil credit cards is not fixed and can vary based on individual factors such as credit score, income, and existing relationships with HDFC.
  2. Determining Factors: Your credit limit is determined by assessing your creditworthiness. Factors such as a higher credit score, stable income, and positive credit history with HDFC contribute to a potentially higher credit limit.
  3. Pre-approved Offers: HDFC often provides pre-approved credit card offers with specific credit limits tailored to your eligibility. These offers can be checked on the HDFC website or through your net banking account.
  4. Contact Customer Care: For precise information on the credit limit of specific HDFC IndianOil credit cards, reaching out to HDFC customer care at 1800-108-8888 (toll-free) or visiting a local HDFC branch is recommended. Customer care representatives can also provide insights into the factors influencing your credit limit.
  5. Credit Responsibility: It’s crucial to manage your credit responsibly and avoid exceeding your credit limit, as doing so can lead to charges and negatively impact your credit score. Choosing a credit card with a limit aligned with your spending habits and repayment capacity is essential for financial prudence.

The Eligibility Criteria For HDFC IndianOil Credit Card

To be eligible for this HDFC IndianOil Credit Card, applicants must meet certain criteria –

Eligibility CriteriaDetails
AgePrimary cardholder must be between 21 to 60 years of age.
NationalityIndian or Non-Resident Indian (NRI)
IncomeMinimum monthly income of Rs. 12,000 or above.
EmploymentSalaried or self-employed individuals with a stable source of income.
Credit ScoreA good credit score with no defaults or late payments on previous credit card payments.
Existing Relationship with HDFCExisting relationship with HDFC Bank, such as a savings or current account, may be preferred.

In order to be approved for the IndianOil Credit Card, applicants must also meet certain income requirements. Generally, applicants must have a minimum annual income of Rs. 1.5 lakhs. However, this amount may vary depending on the applicant’s credit score and other factors.

How to Apply For HDFC IndianOil Credit Card

Applying for the HDFC Bank IndianOil Credit Card is easy and convenient that can be completed in just a few steps. With this card, you can enjoy a range of benefits, including exclusive rewards, discounts, and more on fuel purchases. Here’s how to apply for an HDFC Bank IndianOil Card:

  • Step 1: Visit the HDFC Bank website and fill out the online application form.
  • Step 2: Provide your personal and financial details such as your name, address, income, and bank account details.
  • Step 3: Select the type of card you want to apply for – HDFC Bank IndianOil Credit Card.
  • Step 4: Submit the application form and wait for the bank to process it.
  • Step 5: Once your application is approved, you will receive your card in the mail.

Once you have received your card, you can start using it right away. You can use it to purchase fuel from any IndianOil outlet, and you will also be able to avail yourself of other benefits such as discounts, cashback, and reward points.

The Charges and Fee For Indian Oil Credit Card

Charges/FeesDetails
Annual/Renewal FeeRs. 500 + GST (waived off if annual spends are more than Rs. 50,000)
Finance Charges3.49% per month (41.88% per annum) on revolving credit balances.
Cash Advance Fees2.5% or a minimum of Rs. 500 + GST of the transaction amount.
Late Payment ChargesRs. 100 – Rs. 700 depending on the total amount due on the payment due date.
Overlimit Charges2.5% or a minimum of Rs. 500 + GST of the overlimit amount.
Card Replacement FeesRs. 100 + GST for domestic delivery and Rs. 150 + GST for international delivery.
Foreign Currency Markup Fees3.5% of the transaction amount for foreign currency transactions.

How to Redeem HDFC Indian oil Credit card Points

To redeem reward points on the HDFC IndianOil credit card, follow a straightforward process:

  1. Accumulation: Earn fuel points through card transactions, with accelerated points for spends at IndianOil outlets, groceries, and bill payments.
  2. Membership: Avail the complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership, which facilitates the redemption process.
  3. Options for Redemption: Choose from various redemption options, including free fuel at IndianOil outlets, catalog products through NetBanking, or as cashback against the credit card statement.
  4. Validity: Be mindful of the two-year validity period for accumulated fuel points, ensuring timely redemption.
  5. Online Redemption: For fuel redemption, visit participating IndianOil Petrol Outlets, converting fuel points into XRP at a fixed rate. For other options, use NetBanking to redeem points for catalog products or as cashback on your credit card.
  6. Cost per Point: Understand the cost per point for various redemption options, such as 1 Fuel Point = 96 Paise for fuel redemption and up to 20 Paise for catalog products or cashback.

HDFC Indian oil credit card vs Axis Indian oil credit card

FeatureHDFC IndianOil Credit CardAxis Bank IndianOil Credit Card
VariantsMultiple variants with varying benefits and feesMultiple variants with varying benefits and fees
Annual FeesStarting from ₹499Starting from ₹499
Welcome BonusUp to 4,000 bonus points/milesUp to 4,000 bonus points/miles
Fuel Surcharge Waiver2.5% on IndianOil fuel purchases4% on IndianOil fuel purchases (up to ₹250 per month)
Reward Points/MilesEarn points/miles on IndianOil fuel purchases and other spendsEarn points/miles on IndianOil fuel purchases and other spends
Lounge AccessVaries depending on the card variantVaries depending on the card variant
Additional BenefitsMovie tickets, dining discounts, insurance coverageInsurance coverage, discounts on partner brands

Conclusion

The HDFC IndianOil Credit Card is a great way to enjoy the convenience of paying for fuel purchases with ease. It offers a range of benefits, including cashback rewards, discounts on fuel purchases, and the ability to pay bills online.

With HDFC IndianOil Credit, you can enjoy paying for fuel without having to worry about carrying cash. Plus, you can save money on fuel purchases and get rewarded for your loyalty. With all these benefits, it’s easy to see why the IndianOil Credit Card is a great choice for anyone looking to save money and make their fuel purchases more convenient.

Frequently Asked Questions

What are the benefits of the HDFC IndianOil Credit Card?

The HDFC IndianOil Credit Card offers a range of benefits and rewards to its customers. These include cashback on fuel purchases, reward points, and discounts on fuel purchases from IndianOil Petrol Stations in India.

What is the annual fee for the IndianOil Credit Card?

The annual fee for the Indian Oil Credit Card is Rs. 499.

How can I redeem my reward points?

You can redeem your reward points for cash back, fuel discounts, and more. You can redeem your points through the HDFC Bank website or mobile app.

What is the fuel surcharge waiver on the HDFC IndianOil Credit Card?

The fuel surcharge waiver on the Indian Oil Card is 1% on minimum fuel purchases of ₹400. (Capped at ₹250 per statement cycle)

Credit CardsAnnual FeeBenefits
HDFC Freedom Credit Card₹500Upto 10X CashPoints on your Preferred Stores such as Big Basket, BookMyShow, OYO, Swiggy & Uber
Paytm HDFC Bank Credit Card₹49/Monthly3% cashback on All types of Purchasing by using Paytm
HDFC Business Moneyback Credit Card₹5005X Reward Points on Petrol & Fuel Purchasing
HDFC MoneyBack Credit Card₹499Earn 4 reward points on every online purchase of more than ₹150 you made
HDFC Regalia Credit Card₹2,500best suitable for individuals who want benefits on international traveling, Online Shopping from India or outside

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