HDFC bank is the leading issuer of credit cards in India, and HDFC bank has launched the all new IndianOil HDFC Bank Credit Card specially for Fuel Benefits, check below for HDFC Bank IndianOil Credit Card Review, Rewards, Features, How to apply and other details.
HDFC Bank IndianOil Credit Card Review
The main use of the card is for Fuel Benefits at all IndianOil outlets.
Firstly lets see how to apply and who can apply?
How to Apply HDFC Bank IndianOil Credit Card
Visit, HDFC Bank website and go to credit card section find the IndianOil HDFC Bank Credit Card and apply on the given link.
Who can apply or Eligibily for HDFC Bank IndianOil Credit Card?
For Salaried Individuals:
Age: Min 21 yrs & Max 60 Yrs
Income: Monthly Income> should be greater than Rs 12,000
For Self-employed Individuals:
Age: Min 21 yrs & Max 65 Yrs
Income: ITR Filed should be greater than Rs 2 Lakhs per annum.
HDFC Bank IndianOil Credit Card Fees
Joining Fees for HDFC Bank IndianOil Credit Card is Rs 500.
Annual fees for Renewal is Rs 500 plus Applicable Taxes
Note: If you spend Rs 50,000 in a year then renewal fee will be waived off.
HDFC Bank IndianOil Credit Card Rewards
#1. Earn 5% of your spends as Fuel Points: When you fill fuel at IndianOil Outlets you earn 5% as Fuel Points.
You can earn only 250 Fuel Points in a month for the first 6 months, after that you earn 150 Fuel Points per month.
#2. On Groceries and Bill Payments you will earn 5% as Fuel points and only 100 Fuel Points per month on each category)
#3. For rest of all other purchases you earn 1 Fuel Point for every Rs. 150 spent.
Enjoy 1% Fuel Surcharge waiver (Up to Rs. 250 per statement cycle and min transaction value shoul be Rs.400)
How to Redeem HDFC Bank IndianOil Credit Card Rewards?
The Fuel Points you earn can be redeemed towards IndianOil XTRAREWARDSTM Points (XRP).
You can Redeem XRP for free fuel at over 20,000 participating IndianOil Petrol Pumps in India.
Important: 1 Fuel Point is Equal to 3 XRP and 1 XRP equals to Rs 0.30
Which means 1 Fuel point equals to Rs 0.90.
So if you have 1000 Fuel points then value is Rs 900.
You can also Redeem Fuel Points towards catalogue products through Netbanking and as CashBack on your IndianOil HDFC Bank Credit Card.
You also get 50 days of interest free period.
On eWallet loading, Jewellery/gold coins, EMI Transactions you cannot earn any IndianOil HDFC Bank Credit Card Fuel points.
Is it worth taking HDFC Bank IndianOil Credit Card?
Going through features and rewards this card is useful for everyone, as everyone will fill fuel for Vehicles and spend grocery and Bill payments as well.
Let’s see below example:
Fuel per month: You spend Rs 4000 – You get 200 Fuel points which is equals to 180 Rs of fuel at IndianOil Outlets.
Grocery: You spend Rs 4000 – You get 200 Fuel points = 180 Rs
Bill Payments (internet, DTH, Electricity etc.,): You spend Rs 4000 – You get 200 Fuel points = 180 Rs
Swiggy/Amazon/Flipkart/Online Shopping: You spend Rs 2000 – You get 14 Fuel Points = Rs 13 Fuel
Over all if you spend Rs 14,000 in a month you are getting Rs 553 worth of Free Fuel or 8 litres of Free Fuel per month.
and if Rs 14,000 every month then you spend Rs 1,68,000 in a year which means, Annual card fees will also be waived off.
This is first co-branded fuel credit card between HDFC Bank and IndianOil and mostly useful for users from non-metro cities and towns. By looking at the above rewards HDFC Bank IndianOil Credit Card #HDFCBankIOCLCard offers customers the highest rewards and benefits on fuel consumption.
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