Cards · HDFC Bank

IndianOil HDFC Bank Credit Card: rewards, caps and exclusions

The IndianOil HDFC Bank Credit Card pays about 1% on Spends at IOCL fuel pumps & outlets (in store), on the first ₹3,000 of spend a month, and 0.13% on everything else. Below is every rate, cap and exclusion in HDFC Bank's published terms, as we last checked them on 9 October 2026.

Visa, RuPay₹500 a yearPaid in points

What it earns

≈1%Spends at IOCL fuel pumps & outlets (in store)on the first ₹3,000 of spend a month

≈1%Groceries, Billson the first ₹2,000 of spend a month

≈0.13%Everything elseno cap stated

≈ marks a rate paid in points, valued at ₹0.2 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

Wallet loads
Rent
Government payments
EMI conversions
Cash withdrawals and fees
Insurance premiums
Fuel
Jewellery

Fees

Annual fee: ₹500, plus 18% GST
Joining fee: ₹500
Annual fee waived on ₹50,000 of spend in a card year

Welcome benefit: ₹250 voucher on activation on reaching the bank's spend condition.

Where this comes from

Transcribed from HDFC Bank's own documents and checked against them on 9 October 2026:

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with HDFC Bank's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

Hold this card?

Zenidhi reads your HDFC Bank statements and transaction alerts in Gmail, replays every swipe against the rules on this page, and shows you what you missed, and which card in your wallet to use next time. Get my audit · How the audit works