Best Benefits of HDFC Indian Oil Credit Card in 2024
Here is another credit card that is none other than HDFC Indian Oil Credit Card. This card offers major benefits in the fuel category. If you are a bike owner or car owner, this card brings flexible benefits to your transactions specifically with Indian Oil Corporation Outlets.
There was a time when I used to transact with cash in our nearest Indian Oil petrol pump. Now is the time when I do my own transactions with either HDFC Indian Oil Credit Card or by Extra Rewards Points.
You can also avail up to 50 free liters of fuel annually if you know the smart tactics to use this credit card.
Now you may ask the question to yourself that you have heard about Reward Points, But what is this Extra Reward point all about?
Let me tell you. Extra reward points program is all about getting benefits from multiple sources in the form of Extra reward points and redeeming those points here in Extra Reward program by Indian Oil Corporation Limited.
So let us discuss What are the main features and benefits of having HDFC Indian Oil Credit Card inside your pocket.
Key Highlights of the HDFC Indian Oil Credit Card
The HDFC Indian Oil Credit Card is sul=itable for frequent onroad travellers. Here is the key details of this card. This provides main benefits in terms of fuel and other online and offline transactions.
- Suitability : For fuel transactions
- Joining Fees : Rs. 500/-
- Key Benefit : Get 5% back on fuel transactions on any Indian Oil Outlets as “fuel points”
Indian Oil Credit Card HDFC Features and Benefits
- Redeemable points: You can get 5% of your fuel expenses
- Popular Benefit: For groceries and bill payments you can earn up to 100 points per every month
- Fuel Cost Waiver: If you spend 400 or more your 1% fuel surcharge can be waived off
- Redeemable Fuel Points: You can redeem your fuel points as catalogue purchases or as rebates or you can also redeem your fuel points as cash back.
HDFC IndianOil Credit Card Charges and Fees
- Joining Fee: 500 INR
- Renewal Fee: 500 INR
- Interest Fee: 3.60% per month
In case of annual fees, if you spend 50000 in the entire previous year your annual fees will be waived off.
IndianOil HDFC Bank Credit Card Eligibility
- Salaried: You have to be 21-60 years of age range and salary should be minimum 10K per month.
- Self Employed: You have to be in the age range of 21-65 years old and earning per year should be in 6 lakhs range.
Documents Required to Apply for the IndianOil HDFC Bank Credit Card
- Address proof: Ration card/voter card/passport/aadhaar card
- ID Proof: Passport/Driving License/Aadhaar card
- Income Proof: Salary Slip/IT return/Form 16
HDFC Indian Oil Credit Card Apply Process
- Online Process: You can apply from HDFC Bank website direct link
- Offline process: Please visit your nearest branch of HDFC Bank to apply offline. Don’t forget to mention there that you want to apply for HDFC Indian Oil Credit Card as you match your needs with this type of fuel credit card.
Conclusion:-
As I am having my own HDFC Indian Oil Credit Card and this is my first choice in terms of fueling. Even I use my own card sometimes for my closest friend’s fuel transactions. This card is every much useful in my case. To learn more about fuel cards from axis bank, you can go through this article from cashbabu. If you feel that you are also a frequent traveller in your town or if you are a commercial vehicle owner or a personal bike owner it is your next best friend while travelling around your town.
FAQs:-
1. How can I apply for HDFC Indian Oil Credit Card?
To apply for HDFC Indian Oil Credit Card you can go to your nearest HDFC Branch or you can directly apply from the HDFC BANK’S CREDIT CARD apply website link.
2. Can we use HDFC Indian oil Credit Card for shopping?
Yes, we can use this card for online shopping. At the same time we can get some value back in terms of reward points.
3. Can I withdraw cash from my HDFC Indian oil credit card?
Yes. You can withdraw cash from this card. However cash withdrawal system is chargeable by the bank and it is known as cash advance charge for the credit card. This charge is 2.5% per transaction or 500 whichever is higher will be added in the next billing statement.
4. How can I earn free fuel of 50 Litre per year?
Based on the maximum fuel points that can be earned in a month one card holder can end up by utilising free 50 litres of fuel per year. This rewards are available on both rupay and visa credit card platforms.
5. How do I redeem my Indian Oil Points?
Your Indian Oil HDFC Credit card points as fuel points can be redeemed in two steps if you would like to redeem it in IOCL fuel stations. In step 1 you have to create an account with extra reward program offered by Indian Oil Corporation Limited. Then in the second step you have to redeem your fuel points in extra reward program and there you will get the extra reward points which you can redeem in any IOCL Outlets. 1 Extra Reward Point is equal to 30 paisa.
