HDFC Moneyback Plus Credit Card vs Indian Oil Credit Card

HDFC Bank is the leading credit card issuer that has credit cards for every category. You name it and you will a credit card for that category as well. With the rising fuel prices, having a fuel credit card became the need of every individual who travels a lot with their vehicle. With a fuel credit card, you get to save a lot of money on fuel purchases as you get to earn fuel points or cashback on them. Fuel points can be redeemed for refueling or for other options as well. In this article, we have covered the two top fuel credit cards by HDFC Bank namely HDFC MoneyBack Plus credit card and IndianOil credit card. Keep reading to kick start your research.

HDFC Bank Moneyback Plus Credit Card

This is a generic fuel credit card that offers fuel benefits to credit cardholders. HDFC Bank MoneyBack Plus credit card is an entry-level credit card having shopping and other benefits. Hereunder are the key highlights of this credit card.

Joining Fee: Rs. 500 plus applicable taxes

Renewal Fee: Rs. 500 plus applicable taxes

Spend-Based Waiver: The renewal fee will be waived off on spending Rs. 50,000 or above in the previous year.

Features and benefits:

• As a welcome offer, the credit card holder gets 500 CashPoints.
• Earn 2 CashPoints on every Rs. 150 spent on the retail transactions except for fuel transactions, wallet reloads, and voucher purchases.
• Earn 5x CashPoints on selected merchants and EMI transactions.
• Earn 10x CashPoints on purchases at Amazon, Flipkart, BigBasket, Swiggy, etc.
• Save up to 15% on dining bills at premium partner restaurants.
• Get a 1% fuel surcharge waiver at all fuel stations across India.

IndianOil HDFC Bank Credit Card

This is a co-branded fuel credit card and also an entry-level credit card. IndianOil HDFC credit card lets you save a lot on the fuel transactions not only at IndianOil fuel stations but at other fuel stations as well. Keep reading to know the key highlights of this credit card.

Joining Fee: Rs. 500 plus applicable taxes

Renewal Fee: Rs. 500 plus applicable taxes

Spend-Based Waiver: The joining fee will be waived off on spending Rs. 20,000 within the 90 days of card issuance and the renewal fee will be waived off on spending Rs. 50,000 or above in the previous year.

Features and benefits:

• Earn 5% fuel points on fuel spends at IndianOil outlets.
• Earn 5% fuel points on groceries and bill payments.
• Earn 1% fuel points on every Rs. 150 spent on all other transactions.
• Get a 1% fuel surcharge waiver at all fuel stations on a minimum spend of Rs. 400.
• Get up to 50 liters of free fuel in a year with this credit card.
• Get a complimentary IndianOil XTRAREWARDS Program membership.

Bottom Line:

To summarise, both the fuel credit cards are entry-level credit cards and can be easily availed of. If you are a frequent customer of IndianOil petrol pumps then you must take the IndianOil HDFC Bank credit card as it will help you earn fuel points on IndianOil petrol pumps and also let you enjoy a 1% fuel surcharge on the fuel transactions. You need to identify your needs and spending habits first and then choose the one that compliments them. Having the right credit card is the only key to making the most out of your credit card.

Additional Reading - Types Of Credit Cards In India Explained