HDFC IOCL Credit Card

Key Features

• Users can earn 5% of expenditure as Fuel Points (FP) for fuel purchase at IndianOil Fuel outlets, grocery shopping, monthly bill payments & also utility payments.
• The card also earns 1 FP per spend worth Rs. 150 on any other purchases.
• Fuel surcharge waiver of 1% can be earned on all fuel transactions.
• The annual fee waiver can be earned for annual spends more than Rs. 50,000 in the prior year.
• Accumulated fuel points can be redeemed as IndianOil XTRA REWARDS.
• A credit limit is assigned for IndianOil HDFC credit card as per the norms of the bank. HDFC Bank takes into consideration many factors for deciding on a specific credit limit for users. Some of these include credit score, credit report, yearly income, repayment history, ongoing debts, etc.

Fuel Benefits

• The HDFC IOCL credit card can earn 5% of fuel spent as Fuel Points.
• Maximum 250 Fuel Points per month can be earned at any IndianOil petrol pump for the first 6 months.
• After 6 months, users can get 150 Fuel Points per month.
• 1% fuel surcharge waiver is applied on all transactions of minimum Rs. 400 and above.
• For every other category of spending worth Rs.150 made through this card, 1 Fuel Point can be earned.
• For bill payments and grocery spends, users can earn 5% of spends as Fuel Points.

Other Benefits

• A waiver on renewal fee of Rs.500 can be earned for annual spends exceeding Rs. 50,000 per year.
• A waiver on the first-year fee can also be earned for expenses of Rs. 20,000.
• PayZapp activation comes automatically for users who make 1 transaction of a minimum of Rs .500 in the initial 90 days from the card issuance date.
• For users who register via SmartPay, the card is offered for free.

Eligibility Criteria

Applicants who wish to apply for this card can visit the official HDFC website and click on the ‘Apply Now’ option. It is important to submit the primary details as required by the website. The bank will then check the eligibility of the applicant and get in touch.

Here are the eligibility criteria for this credit card:

• The primary applicant should be an Indian citizen.
• Applicant’s age should be between 18 and 70 years.
• The age of the add-on applicant should be above 15 years.

Documentation

The HDFC IOCL credit card application requires several documents. Here are some them which are important:

Proof of Identity

• Driving License
• Aadhaar card
• Passport

Address Proof

• Ration Card
• Voter ID
• Passport
• Aadhaar card

Income Proof

• Salary Slip
• Form 16
• IT Returns

Fees and Charges

Applying for HDFC IOCL Credit Card

Application for this credit card can be made in a few simple steps:

• For an online application, users must fill the basic details such as name, address, occupation, monthly/annual income, etc.
• After submitting the form, the list of eligible credit cards can be seen. Users can select the card of choice. If a user is eligible for IndianOil HDFC Bank card then it can be seen as part of the list.
• Users can click on ‘Check Eligibility’ and enter the needed information.
• For eligible candidates required details will then have to be filled in and submitted.
• After successfully submitting the form, a bank representative will reach out and collect documents from the applicant’s home or office.
• The bank then scrutinizes all documents furnished and upon qualifying, he or she gets the card delivered at registered address within a timeframe of 15 days.
• One can also apply directly by visiting the nearest HDFC branch.

About HDFC Bank

HDFC Bank is one of the most premium private-sector banks in India. With a wide range of products and services, HDFC offers multiple credit cards options and other products such as mutual funds, investment programs, etc. HDFC bank caters to the different needs of a multitude of customers. Its credit cards are known to offer exciting features such as free airport lounge access, waivers on fuel-surcharge, etc. With its irresistible features, the Millenia credit card is one of its most preferred credit cards among customers.