ATTRACTIVE REWARDS ON LOWER FUEL SPENDS || BILL PAYMENTS || GROCERY PURCHASES

IndianOil HDFC Bank Credit Card

IndianOil HDFC Bank Credit Card - Our Money Guide Our Rating 4.0
Top Reasons to Choose
5.80%
Benefit on IndianOil fuel spends - only on fuel spends upto ₹3000 per month
4.80%
Benefit on grocery purchases - only on purchases upto ₹2000 per month
4.80%
Benefit on bill payments - only on payments upto ₹2000 per month
Annual Fee

₹500

  • Welcome offer : Special limited time offer of ₹1500 Amazon vouchers, only if you apply online. This is subject to change.
  • Renewal offer : Annual fee is waived from the 2nd year onwards , if you spend ₹50,000 or more in the previous year.
Minimum Income

Salaried : ₹10,000 per month || Self-employed : ₹6 lakhs per year

Benefits
– Attractive benefit rate of 5.80% on monthly fuel spends at IOCL outlets – 4.80% on fuel purchases PLUS 1% waiver on fuel surcharge
– Low annual spend target (of ₹50,000) to get renewal fees waived off
– Attractive reward rate of 4.80% on grocery purchases and bill payments
– So, overall it is a good entry-level fuel card, since it gives accelerated rewards on fuel upto a monthly fuel spend of ₹3,000 and also has a low annual fee waiver threshold of ₹50,000
– 1% – 10% cashback on various spends, on HDFC SmartBuy.

Drawbacks
– To earn accelerated fuel rewards, it is necessary to visit IOCL Outlets specifically, hence one needs to plan more when refuelling
– Not ideal for high fuel spenders, for those spending more than ₹3000 per month
– The redemption process is not as straightforward as a simple cashback card.


To read the full review of the card, please click here
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