How to Apply for the HDFC Indian Oil Credit Card in 2026

The HDFC Indian Oil Credit Card is a co-branded lifetime-free fuel card for Indian Oil Corporation customers. It offers 5% cashback on fuel spends at IOCL pumps, 1% fuel surcharge waiver, 2 reward points per ₹150 on all other retail, and a milestone voucher of ₹500 on spends of ₹50,000 in a quarter. The card is targeted at users with a 4-wheeler who fill fuel at IOCL pumps regularly.

Why this matters

If you spend ₹5,000/month on fuel at IOCL, the 5% cashback gives you ₹250/month. The ₹500 quarterly milestone voucher is an additional bonus. The card pairs well with HDFC Millennia for online shopping.

Related cards

How to Apply for the HDFC Indian Oil Credit Card in 2026

Common mistakes to avoid

The 5% cashback is only valid at IOCL pumps — fuel at other oil companies earns 0% cashback. The cashback is capped at ₹100 per transaction, so transactions above ₹2,000 will not get the full 5%.

Pro tips

• Use the card only at IOCL pumps to maximise 5% cashback
• Split large fuel transactions into smaller ones (under ₹2,000) to maximise the per-transaction cap
• Track the ₹1,000/month cashback cap in SmartHub
• Pair with HDFC Millennia for online shopping

Frequently asked questions

Is HDFC Indian Oil lifetime free?

Yes. The card has no joining or annual fee. There is no fee waiver target.

What is the 5% cashback cap?

5% is capped at ₹100 per transaction and ₹1,000 per month on IOCL fuel.

Does the card include lounge access?

No. The card is a pure fuel cashback card and does not include lounge access.