In an effort to make fuel purchases easier, HDFC Bank and IndianOil have partnered to offer the IndianOil HDFC Bank credit card. Through a credit card with rewards, one can turn their fuel points into cash or use them to buy more oil. By using this card, one can obtain gas equal to 5% of the money spent on gas, diesel, groceries, and bill payments. Although the card is adequate and serves the intended purpose, there are no pleasant bonuses.
HDFC Indian Oil Credit Card
4.5
Credit Card Fee
INR 500 + 18% GST
Welcome Benefits
Nil
Key Feature
Reward points on fuel
Pros & Cons
- No welcome benefits
- Fuel surcharge waiver is there for petrol pumps of all the companies.
- To get the surcharge waiver the minimum transaction should be of INR 400.
- There is an upper limit on the reward points.
Features of HDFC Indian Oil Credi
Reward Points on Fuel
– Users get 5% of their spends only at IndianOil outlets as fuel points.
– In petrol pumps run by other companies it is going to be just 1 reward point on a spending INR 150.
Upper Limit on Reward Points on Fuel
In the first six months of subscription one can get 250 points in a month and post six months 150 points a month.
Reward Points on Other Than Fuel Purchase
5% fuel points are also available on grocery purchase and payment of bills.
Upper Limit on Reward Points for Non-fuel Purchase
To the maximum of 100 points per month in each of the above categories.
Reward Points Redemption
One can get fuel in exchange for these reward points, as we have already mentioned the amount of fuel will be equivalent to the 5% of the amount spent. These reward points can only be used at Indian oil pumps. This is for accurate fuel points.
All the other numeric fuel points can also be exchanged in return of fuel:
– 1 fuel point = INR 0.96 ( if one wants to purchase fuel)
– 1 fuel point = INR 0.20 ( if one wants to get a cash back)
– Fuel points are valid for two years.
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