IndianOil HDFC Bank Credit Card

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HDFC's IndianOil co-brand fuel card: 5% back in Fuel Points on fuel at IndianOil outlets (up to 150 Fuel Points a month after the first six months), 5% on groceries and on utility and telecom bills (100 Fuel Points a month each) and 1 Fuel Point per ₹150 elsewhere. A Fuel Point buys ₹0.96 of free fuel at IndianOil, or ₹0.20 as cashback. Fee ₹500, waived at ₹50,000 spend a year.

Annual fee
₹500 + GST a year
Joining fee
₹500 + GST
Fee waiver
Annual fee waived on ₹50,000 spend per card year
Base rate
1 Fuel Point per ₹150 on other spends (including UPI): 1 Fuel Points per ₹150 (about 0.13% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 5% in Fuel Points on fuel at IndianOil outlets (card swipe): 5 Fuel Points per ₹100 (about 1% at cash value)
  • 5% in Fuel Points on groceries (100 Fuel Points a month): 5 Fuel Points per ₹100 (about 1% at cash value)
  • 5% in Fuel Points on utility and telecom bills (100 Fuel Points a month): 5 Fuel Points per ₹100 (about 1% at cash value)

Earns nothing on

  • No Fuel Points on fuel at other petrol pumps, or by UPI
  • No Fuel Points on rent, government or tax payments
  • No Fuel Points on wallet loads or EMI
  • No Fuel Points on jewellery and gold, or on insurance
  • No Fuel Points on cash advances and traveller's cheques
  • No Fuel Points on online skill-based gaming (from 1 July 2025)
  • No Fuel Points on education fees paid through third-party apps (from 1 September 2024)

Where the sources disagree

  • fuel surcharge waiver stations: The product page says the 1% waiver applies at "all Indian fuel stations"; HDFC's RuPay credit card page says "all IOCL fuel stations". The MITC fee table does not restrict it. Any fuel station is used.
  • supermarkets, bakeries and liquor stores: The T&C's table 1.1 gives 5% on groceries with MCCs 5411 (supermarkets), 5499, 5921 (package stores, beer, wine and liquor) and 5462 (bakeries), capped at 100 Fuel Points a month, while its clause 2.1 lists supermarkets, package stores and liquor, and bakeries among spends that earn no Fuel Points. The table is used: it is the more specific term (it names these MCCs as included, with a cap), clause 2.4's own exclusions for the 1 per ₹150 rate (fuel, rent, government, EMI, wallet, jewellery) do not repeat them, and the product page advertises 5% on groceries. Both readings agree that these MCCs earn nothing beyond the 100-point cap (the grocery rule has no fall-back to the base rate); they differ only on the first ₹2,000 a month.
  • rent payment fee: The product page says 1% on rent capped at ₹3,000 a transaction from 1 August 2024. The MITC v4.15 says capped at ₹4,999 from 1 July 2025. The MITC is used (issuer file).

Terms the calculator does not value

  • The cap on IndianOil fuel depends on the card's age: 250 Fuel Points a month in the first six months from issue, 150 after (T&C table 1.1, product page). The steady-state 150 is modelled; a new card filling ₹5,000 or more a month at IndianOil gets up to 600 more Fuel Points over its first six months (₹576 as free fuel, ₹120 as cashback), which is not counted.
  • The T&C lists vending machines (miscellaneous foods), package stores, beer, wine and liquor, and bakeries as non-earning spends; package stores and bakeries also appear in the 5% grocery MCC list (see conflicts). They are MCC-level and fit none of the calculator's categories.
  • The 5% on groceries and bill payments is described for POS and online spends; the T&C does not say whether UPI spends on groceries and bills earn 5% or 1 Fuel Point per ₹150. The calculator's UPI line is general shopping, so this does not change a result.
  • Fuel Points are worth ₹0.96 only as free fuel at IndianOil outlets (500 at a time, through an XTRAREWARDS account) and ₹0.20 otherwise, so the card's value depends on filling up at IndianOil. The calculator's cash mode values them at ₹0.20.
  • SmartBuy accelerated cashback (the "Other credit card" column) is not entered: neither the card's product page nor its T&C says it applies to this card.
  • The ₹50 + GST fee on each statement-credit redemption (minimum 12,500 Fuel Points) is counted once a year in the calculator.

Sources

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