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| Monthly Spend | ₹5K | ₹10K | ₹20K | ₹50K | ₹100K |
|---|---|---|---|---|---|
| Net Reward Yield | 1.8% | 1.7% | 1.5% | 1.1% | 0.8% |
| Est. Monthly Reward (₹) | 90 | 170 | 300 | 540 | 810 |
| All-India Rewards Rank* | 8 | 16 | 34 | 112 | 161 |
| Within Bank Rank* | 3 | 7 | 10 | 22 | 26 |
| * Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here. | |||||
The IndianOil HDFC Bank Credit Card, offers an effective discount of 3.20% on Groceries, Fuel & Utility bills and 0.64% on all other spend.
Overall, you can earn a net reward yield of 0.8-1.8% with this card, making this an above average credit card. However, HDFC Bank offers many credit cards that give you higher rewards than the IndianOil Card.
Consider the Millennia Credit Card if you spend less than ₹50,000 a month on your card.
It offers a net reward yield of 2.3-2.7% on spends up to ₹50,000.
If you spend less than ₹10,000 a month on your card, also consider the Bharat Credit Card with a yield of 1.9-2.4%.
If you spend more than ₹50,000 a month on your credit card, we recommend the 6E Rewards XL – Indigo HDFC Bank Credit Card. We estimate it offers a net reward yield of 2.0-2.2% for high spenders.
Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.
| Card | IndianOil HDFC Bank Credit Card |
|---|---|
| Card Type | Reward + Cashback |
| Reward/Cashback Features | 5% cashback on: – Groceries – Bill Payments – Fuel 1 Fuel Point for everything else |
| Milestone Rewards | Nil |
| Other Rewards | – 2.5% discount on dining bills
– Complimentary membership of IndianOil XTRAREWARDS Program |
| Rewards Redemption Fee | ₹99 |
| Cashback Caps | – ₹100 p.m. on Grocery and Utility bills
– ₹150 p.m. on Fuel |
| Preferred Redemption Method | Convert Fuel Points to IndianOil XTRAREWARDS Points (XRP) for buying Fuel @₹ 0.96 / Fuel Points |
| Card | IndianOil HDFC Bank Credit Card | |
|---|---|---|
| Joining Fee | ₹500 + Taxes | |
| Annual Fee | ₹500 + Taxes | |
| Min. Annual Credit Card Spend for Fee Waiver |
₹50,000 | |
| Income Criteria | Salaried | ₹1.2 Lacs |
| Self-employed | ₹6 Lacs | |
| Supplementary Card Fee | Free | |
| Interest Rate | 43.20% | |
| Foreign Currency Markup | 3.50% | |
| Cash Advance Charge | 2.50% with a minimum of ₹500 | |
Questions? Suggestions? See a mistake? Write to us!
Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.
2 Free Movie / Stream / Play / Events / Sports / Activities tickets up to ₹250 each and ₹100 off on F&B Spends on BookMyShow tickets.
8 reward points / ₹400 on bill payments & education and 1 point on all other spends. Fuel surcharge waiver of up to ₹100 per month.
