M16S / HDFC Bank / IndianOil HDFC Bank Credit Card
entry · cobrand, fuel
IndianOil HDFC Bank Credit Card
The IndianOil HDFC Bank Credit Card costs Rs 500 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.64% (1 Fuel Point per Rs 150 on other purchases, including UPI). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 31 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- 0.64%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- HDFC Bank adds 1.75% markup on INR spends at overseas merchants, May 2026
From 15 May 2026, a markup fee of 1.75% applies on all transactions in Indian currency at an international location, or at merchants located in India but registered overseas. Source: HDFC Bank, hdfc.bank.in, read 28 Oct 2026
- HDFC Bank adds 1% fee on wallet loads and gaming above Rs 10,000, Jul 2025
A 1% fee applies on wallet loading (excluding PayZapp) and on online skill-based gaming spends above Rs 10,000 in a calendar month. Each fee is capped at Rs 4,999 per month. Source: HDFC Bank, hdfc.bank.in, read 28 Oct 2026
- HDFC Bank stops rewards on online skill-based gaming from Jul 2025
Online skill-based gaming transactions no longer earn Reward Points or CashPoints on any HDFC Bank credit card from 1 July 2025. Source: HDFC Bank, hdfc.bank.in, read 28 Oct 2026
- HDFC Bank caps insurance reward points per month from Jul 2025
Reward Points on insurance transactions are capped at 10,000 a month for Infinia and Infinia (Metal Edition), 5,000 a month for Diners Black Metal Edition and Diners Black, and 2,000 a month for all other credit cards. Source: HDFC Bank, hdfc.bank.in, read 28 Oct 2026
- HDFC Bank caps utility and telecom Reward Points at 2,000 a month, Sep 2024
From 1 Sep 2024 Reward Points earned on utility transactions are capped at 2,000 per calendar month, and Reward Points earned on telecom transactions are capped at 2,000 per calendar month. Millennia, UPI, Swiggy, Paytm and a few other cards keep their own product feature caps. Source: HDFC Bank, hdfc.bank.in, read 28 Oct 2026
- HDFC Bank stops rewards on education paid via third party apps, Sep 2024
From 1 Sep 2024 education payments made through third party apps such as CRED, Cheq and MobiKwik earn no Reward Points, and points already earned there are reversed. Payments made directly to schools and colleges are not covered by this line. Source: HDFC Bank, hdfc.bank.in, read 28 Oct 2026
- HDFC Bank IndianOil card adds Rs 50 statement credit redemption fee, Aug 2024
From 1 Aug 2024 redeeming rewards towards statement credit (CashBack) on the IndianOil HDFC Bank Credit Card carries a fee of Rs 50. Source: HDFC Bank, hdfc.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 500 |
|---|---|
| Annual fee | Rs 500 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | Joining/renewal Rs 500 + taxes. Renewal fee waived on Rs 50,000 spend in the first year (product page). |
Rewards
| Welcome benefit | Complimentary IndianOil XTRAREWARDS membership; Rs 250 voucher on activation and at least one transaction within 37 days of issuance |
|---|---|
| Reward currency | Fuel Points |
| Base earn | 1 Fuel Point per Rs 150 on other purchases, including UPI |
| Base return | 0.64% |
| Point value | 1 Fuel Point = 3 XTRAREWARDS points = Rs 0.96 of fuel at IndianOil; up to Rs 0.20 catalogue; Rs 0.20 cashback against statement |
| Accelerated earn | 5% of spend as Fuel Points at IndianOil outlets (card swipes only, not UPI), on groceries and on bill payments/utilities |
| Caps | IndianOil outlets: 250 Fuel Points/month in the first 6 months, 150 after; groceries 100/month; utilities and bill payments 100/month (product page). 25,000 per statement cycle overall (MITC). Redemption to cashback and travel capped at 50,000 points per month |
| Spends that earn nothing | Fuel at non-IndianOil pumps, wallet loads, EMI, account fees, jewellery/gold coins, rent, government payments |
| Points expiry | 2 years |
| Milestone benefits | None; the 'up to 50 litres of free fuel a year' claim is the page's illustration of Fuel Points earned on Rs 23,000 monthly spend |
| Reward notes | Redemption fee Rs 99 + GST; cashback needs min 2,500 points (MITC). Points + Pay: max 70% in points. base_return_pct = 1 FP per Rs 150 x Rs 0.96 = 0.64%; both figures from the product page (the page's own worked example shows 0.7%). |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on txns Rs 400-5,000, cap Rs 250 per statement cycle (MITC) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding balance: up to Rs 100 nil; 101-500 Rs 100; 501-1,000 Rs 500; 1,001-5,000 Rs 600; 5,001-10,000 Rs 750; 10,001-25,000 Rs 900; 25,001-50,000 Rs 1,100; above 50,000 Rs 1,300 (MITC) |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Eligibility | Salaried: age 21-60, net monthly income above Rs 12,000 (the page FAQ says Rs 10,000). Self-employed: age 21-65, ITR above Rs 6 lakh a year |
| Fine-print notes | The 5% fuel rate is capped at 150 points a month after the first six months, i.e. about Rs 3,000 of fuel spend. The product page states a 1% rent fee capped at Rs 3,000 per transaction (from 1 Aug 2024) for this card, against the Rs 4,999 cap in the bank-wide note below. Network read from the page's reference to 'Partner Networks (Visa/RuPay)'. Product page read 2026-10-12. Bank-wide charges per MITC: 1% fee on rent payments (cap Rs 4,999/txn); 1% on utility spends above Rs 50,000/month (Rs 75,000 on business cards); 1% on wallet loads above Rs 10,000/month (PayZapp exempt); 1% on fuel spends above Rs 15,000/month (Rs 30,000 business); 1% on online skill gaming above Rs 10,000/month; 1% on education paid via third-party apps; 1% + GST on railway tickets; 1.75% markup on INR transactions at overseas merchants from 15 May 2026. Points lapse if the card is unused for 365 days. |
Questions
- What is the annual fee of the IndianOil HDFC Bank Credit Card?
- Rs 500 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- Does the IndianOil HDFC Bank Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the IndianOil HDFC Bank Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IndianOil HDFC Bank Credit Card?
- Fuel at non-IndianOil pumps, wallet loads, EMI, account fees, jewellery/gold coins, rent, government payments