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Side-by-Side Comparison|Updated March 2026

IndianOil HDFC Bank Credit Card vs BPCL SBI Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

HDFC Bank

IndianOil HDFC Bank Credit Card

7.2/10
Annual Fee₹500
Base Rewards0.128%
NetworkRuPay
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SBI Card

BPCL SBI Card

7.8/10
Annual Fee₹499
Base Rewards0.25%
NetworkVisa
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Feature-by-Feature Comparison

FeatureIndianOil HDFC Bank Credit CardBPCL SBI Card
Annual Fee₹500₹499
Joining Fee₹500₹499
Fee Waiver Spend₹50,000₹50,000
Base Reward Rate0.128%0.25%
Reward CurrencyFuel PointReward Points
NetworkRuPayVisa
Editor Rating7.2/107.8/10
Forex Markup3.5%3.5%

Accelerated Rewards

IndianOil HDFC Bank Credit Card

  • 0% on IndianOil Fuel — 150 pts/month
  • 0% on Groceries — 100 pts/month
  • 0% on Bill Payments — 100 pts/month

BPCL SBI Card

  • 0% on Fuel (BPCL) — 1300 pts/month
  • 0% on Dining, Grocery, Movies, De... — 5000 pts/month

Pros & Cons

IndianOil HDFC Bank Credit Card

Pros

  • High 5% reward rate on fuel at IndianOil outlets with a value of ₹0.96 per point.
  • Accelerated 5% rewards on groceries and utility bill payments.
  • Low annual fee of ₹500 with an easy waiver at ₹50,000 annual spend.
  • RuPay variant allows UPI payments, earning 1 Fuel Point per ₹150.

Cons

  • Monthly reward capping on fuel points is relatively low (150 FP after 6 months).
  • No complimentary domestic or international lounge access.
  • Reward value drops significantly (to ₹0.20) if not redeemed for fuel.

BPCL SBI Card

Pros

  • 4.25% valueback on fuel purchases at BPCL petrol pumps.
  • 5X reward points on dining, groceries, and movies.
  • Low annual fee waiver threshold of ₹50,000.
  • Instant reward redemption for fuel at 1,200+ BPCL outlets.

Cons

  • No complimentary lounge access.
  • Monthly cap of 1,300 points on fuel rewards limits high-volume users.
  • Reward redemption fee of ₹99 applies to non-fuel redemptions.

Our Verdict

BPCL SBI Card edges ahead overall with a stronger combination of rewards and value. However, IndianOil HDFC Bank Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose IndianOil HDFC Bank Credit Card if

Strong value back on fuel at IndianOil outlets and utility bills.

Choose BPCL SBI Card if

Strong valueback on fuel for those who primarily use BPCL stations for their daily commute.

Frequently Asked Questions

Which is better: IndianOil HDFC Bank Credit Card or BPCL SBI Card?
BPCL SBI Card edges ahead overall with a stronger combination of rewards and value. However, IndianOil HDFC Bank Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between IndianOil HDFC Bank Credit Card and BPCL SBI Card?
IndianOil HDFC Bank Credit Card has an annual fee of ₹500, while BPCL SBI Card has an annual fee of ₹499. IndianOil HDFC Bank Credit Card offers a fee waiver on ₹50,000 annual spend. BPCL SBI Card offers a fee waiver on ₹50,000 annual spend.
Which card has better rewards: IndianOil HDFC Bank Credit Card or BPCL SBI Card?
IndianOil HDFC Bank Credit Card offers a base reward rate of 0.128% with accelerated rewards on IndianOil Fuel and Groceries. BPCL SBI Card offers 0.25% base rewards with bonuses on Fuel (BPCL) and Dining, Grocery, Movies, De.... The better choice depends on your primary spending categories.
Can I have both IndianOil HDFC Bank Credit Card and BPCL SBI Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. IndianOil HDFC Bank Credit Card and BPCL SBI Card can complement each other if they cover different reward categories.
Which card is better for beginners: IndianOil HDFC Bank Credit Card or BPCL SBI Card?
For beginners, BPCL SBI Card may be more approachable with a lower annual fee of ₹499. However, evaluate based on your expected spending pattern rather than fee alone.

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