Best Fuel Credit Cards in India
1. BPCL SBI Card Octane
Annual Fee: Rs. 1,499
Renewal Fee: Rs. 1,499 (Waived off on spending Rs. 2 lakh in the previous year)
Fuel Benefits:
- Earn 25 reward points for every Rs. 100 spent on BPCL Fuel, Lubricants, and Bharat
Gas (exclusive to the website and app).
- Enjoy a fuel surcharge waiver of 6.25% plus an additional 1% on every transaction up to
Rs. 4,000 (valid at all BPCL petrol pumps across India).
Other Benefits:
- Get 10 reward points for every Rs. 100 spent on dining, departmental stores, grocery, and movies.
- Earn 1 reward point per Rs. 100 spent on other retail purchases (excluding mobile wallet uploads and non-BPCL fuel expenses).
- Enjoy a welcome bonus of 6,000 reward points, equivalent to Rs. 1,500, when you pay the annual fee.
- Access 4 complimentary visits per calendar year to domestic VISA lounges in India.
- Receive gift vouchers worth Rs. 2,000 from partner brands when you spend Rs. 3 lakh annually.
2. IndianOil Axis Bank Credit Card
Annual Fee: Rs. 500
Renewal Fee: Rs. 500 (Waived off on spending Rs. 50,000 in the previous year)
Fuel Benefits:
- Get 4% value back on fuel transactions by earning 20 reward points for every Rs. 100 spent at any
Indian Oil Corporation (IOCL) fuel outlet in India.
- Earn accelerated reward points at IOCL fuel outlets for fuel transactions ranging from Rs. 100 to
Rs. 5,000 per month.
- Enjoy a 1% fuel surcharge waiver on fuel transactions between Rs. 200 and Rs. 5,000.
Other Benefits:
- Receive 100% cashback (Maximum Rs. 250) on all fuel transactions within 30 days of card issuance.
- Earn 1% value back on online shopping by acquiring 5 reward points for every Rs. 100 spent.
- Gain 1 EDGE reward point for every Rs. 100 spent using this card.
- Enjoy up to a 15% discount at partner restaurants through Axis Bank Dining Delights.
- Avail a 10% discount when booking movie tickets on BookMyShow.
3. ICICI HPCL Super Saver Credit Card
Annual Fee: Rs. 1,499
Renewal Fee: Rs. 1,499 (Waived off on spending Rs. 2 lakh in the previous year)
Fuel Benefits:
- 25 reward points per Rs. 100 spent on BPCL Fuel, Lubricants & Bharat Gas (website & app only)
- 6.25% + 1% fuel surcharge waiver on every transaction up to Rs. 4,000 (applicable across all BPCL petrol pumps in India)
Other Benefits:
- 10 reward points on every Rs. 100 spent at dining, departmental stores, grocery & movies
- 1 reward point per Rs. 100 spent on other retail purchases (except mobile wallet upload & non-BPCL fuel spends)
- Welcome benefit of 6,000 bonus reward points equivalent to Rs. 1,500 on the payment of annual fee
- 4 complimentary visits per calendar year to domestic VISA lounges in India
- Gift vouchers worth Rs. 2,000 from partner brands on annual spends of Rs. 3 lakh
4. HDFC Bharat Cashback Credit Card
Annual Fee: Rs. 500
Renewal Fee: Rs. 500
Fuel Benefits:
- Earn 5% cashback on fuel expenses.
- Enjoy a 1% fuel surcharge waiver on a minimum transaction of Rs. 400.
Other Benefits:
- Receive 5% monthly cashback on IRCTC tickets, groceries, bill payments, and mobile recharges.
- Get 5% cashback on spends made through PayZapp, EasyEMI, and SmartBUY.
- Enjoy annual savings of up to Rs. 3,600 with this credit card.
- Benefit from up to 50 interest-free days from the date of purchase.
5. IndianOil HDFC Bank Credit Card
Annual Fee: Rs. 500
Renewal Fee: Rs. 500 (Waived off on spending Rs. 50,000 in a year)
Fuel Benefits:
- Earn up to 50 litres of free fuel annually through transactions with this credit card.
- Enjoy complimentary membership in the IndianOil XTRAREWARDSTM Program (IXRP).
- Get 5% of your spends as fuel points at IndianOil outlets.
- Avail a 1% fuel surcharge waiver on a minimum transaction of Rs. 400.
Other Benefits:
- Earn 5% of your spends as fuel points on groceries and bill payments.
- Get 1 fuel point for every Rs. 150 spent on all other purchases.
- Enjoy an interest-free credit period of up to 50 days.
6. ICICI Bank HPCL Coral Credit Card
Annual Fee: Rs. 199
Renewal Fee: Rs. 199 (Reversed on spending Rs. 50,000 in a year)
Fuel Benefits:
- Get 2.5% cashback on fuel purchases at HPCL pumps.
- Enjoy a 1% fuel surcharge waiver on fuel purchases at HPCL pumps.
Other Benefits:
- Get a 25% discount (Up to Rs. 100) on movie tickets booked through BookMyShow.
- Earn 2 reward points for every Rs. 100 spent on retail purchases, excluding fuel.
- Redeem 2,000 PAYBACK points for fuel worth Rs. 500.
- Enjoy a 15% discount on dining at over 800 restaurants through the Culinary Treats program.
7. HPCL IDFC FIRST Power+ Credit Card
Annual Fee: Rs. 499
Renewal Fee: Rs. 499 (Waived off on spending Rs. 1.5 lakh in the previous year)
Fuel Benefits:
- Up to 6.5% savings on your fuel expenses:
- Earn 4% savings as rewards on HPCL fuel and LPG expenses, up to Rs. 10,000 every month.
- Receive 1.5% savings as Payback rewards through the HP Pay app, up to Rs. 5,000 per month.
- Enjoy 1% savings as a fuel surcharge waiver on fuel expenses, up to Rs. 20,000 every month.
- Rs. 500 cashback on 1st HPCL fuel transaction of ₹500 or above*
- 5% cashback (Up to Rs. 1,000) on the transaction value of 1st EMI conversion*
- Avail a 1% fuel surcharge waiver on a minimum transaction of Rs. 400.
*Within 30 days of card set-up.
Other Benefits:
- Earn 5% savings as rewards on grocery and utility expenses, up to Rs. 2,000 every month.
- Get 5% savings as rewards on IDFC FIRST FASTag recharge, up to Rs. 1,000 every month.
- Receive 3X reward points on other retail transactions.
- Enjoy 1 complimentary domestic airport lounge access every quarter, with a minimum
monthly spend of Rs. 5,000.
- Avail a 25% discount on movie tickets, up to Rs. 100 once every month.
8. IndianOil Kotak Credit Card
Annual Fee: Rs. 499
Renewal Fee: Rs. 449 (Waived off on spending Rs. 50,000 in the previous year)
Fuel Benefits:
- 5% value back on IndianOil fuel spends:
- Earn 4% back through 24 reward points on every Rs. 150 spent at IndianOil outlets.
- Receive an additional 1% fuel surcharge waiver on transactions between Rs. 100 and Rs. 5,000,
with a maximum surcharge waiver of Rs. 100 per statement cycle, applicable only at IndianOil outlets.
Other Benefits:
- Earn 2% back on grocery and dining spends with 12 reward points for every Rs. 150 spent.
- Get 0.5% back through 3 reward points on every Rs. 150 spent on all other categories.
- Enjoy 1,000 bonus reward points as a welcome benefit on spending Rs. 500 within 30
days of card issuance.
- Receive a personal accident insurance cover of Rs. 2 lakh.
Benefits of a Fuel Credit Card
Fuel credit cards from various issuers come with different benefits. Some provide direct discounts on fuel
transactions, while others offer value back through rewards on your fuel expenses. Here are some common benefits
associated with fuel credit cards:
Cashback/ Reward Points
Fuel credit cards frequently provide elevated rewards or cashback specifically for your fuel transactions
at affiliated fuel outlets. The reward points accumulated from fuel purchases can be redeemed for various options,
including free fuel, cashback, gift vouchers, and more. Some cards even offer bonus rewards for fuel purchases
at specific outlets. Moreover, you can also enjoy discounts through value back or cashback on your fuel
transactions.
Redemption Options
You can boost your savings by redeeming reward points with Fuel credit cards. These cards not only
give you extra rewards for your fuel spending but also let you use the accumulated points to get free
fuel in the future. For example, with the IndianOil HDFC Credit Card, you can earn and redeem reward points
to get up to 50 litres of free fuel every year.
Co-branded Benefits
Many Fuel credit cards are co-branded, meaning they provide enhanced benefits specifically at
partnered brands. For example, the BPCL SBI Card Octane offers a value back of up to 7.25% for purchases
at BPCL outlets. Therefore, it's essential to choose a credit card that provides higher rewards or
cashback at the fuel stations you frequently use.
Complimentary Benefits
In addition to fundamental benefits, certain cards also provide complimentary perks such as memberships,
bonus rewards upon reaching spending milestones, and more. For example, the IndianOil HDFC Credit Card
includes a free IndianOil XTRAREWARDSTM Program (IXRP) membership, enabling you to further maximize your
savings at IndianOil outlets.
How to Get a Fuel Credit Card?
To apply for a Fuel credit card, you can either visit the nearest branch of the respective card
issuer or apply online through the official website. Keep in mind that the eligibility criteria for
fuel credit cards differ among issuers, so it's essential to check these criteria before applying
to avoid potential rejection. Additionally, you will need to submit relevant documents, including
income proof and age proof, along with a duly filled application form to complete the card
application process.
Right now, MybankingTips is helping people find popular fuel credit cards such as IndianOil
HDFC Credit Card, IndianOil Kotak Credit Card, and IndianOil Axis Bank Credit Card. You can
apply for a Fuel credit card through MybankingTips based on your eligibility by clicking here.
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What to Look For in a Fuel Credit Card
Here are a few factors you should consider when choosing a Fuel credit card:
Co-branded Benefits
When choosing a fuel credit card, it's important to consider the co-branded benefits the card offers.
For example, if you often visit HPCL petrol pumps, it's wise to choose a card that provides higher benefits
specifically for your fuel transactions at HPCL outlets, rather than a card with similar benefits across all
petrol pumps. Always look for a card that aligns best with your specific requirements.
Additional Discount
Typically, credit cards provide discounts across different categories, but it's crucial to find a
card that maximizes your savings on fuel transactions. Certain cards offer extra discounts specifically
at partnered fuel brands. Some credit cards provide additional discounts when you reach a particular
spending milestone, while others offer extra benefits for a limited time at affiliated petrol pumps.
Therefore, before selecting a credit card, carefully review all the terms and conditions to optimize
your benefits.
Higher Rewards/ Cashback
Fuel credit cards provide valuable returns on your transactions through cashback or reward points.
Therefore, it's wise to choose a credit card that offers higher rewards or cashback specifically on
fuel transactions. For example, the IndianOil Axis Bank Credit Card provides a 1% value back for
online transactions, but when it comes to fuel expenses, it offers a higher 4% value back, surpassing
rewards in other categories. Hence, prioritize a credit card that gives better rewards for fuel
expenses.
Fuel Surcharge Waiver
The fuel surcharge is an extra fee applied to your fuel transactions at petrol pumps. Fuel credit
cards offer a way to avoid this surcharge by providing a fuel surcharge waiver on your transactions.
This is a standard benefit offered by many credit cards. Therefore, if you infrequently make fuel
transactions and are seeking a way to save on these expenses, consider getting a card that offers
a fuel surcharge waiver.
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How to Choose the Best Fuel Credit Card
No doubt, Fuel credit cards can
save you a lot on fuel expenses, but selecting the right credit card
is key to maximizing these benefits. Here are a few simple things to consider:
Identify your needs
Before picking a credit card, it's crucial to understand your needs. For example, if you commute daily
and prefer IndianOil over HPCL, it's better to choose a credit card that gives more benefits on IndianOil
fuel transactions. Identifying your needs and spending habits is essential for making an informed decision.
Determine your payment capacity
Each credit card comes with its own set of fees and charges. To find the right credit card, it's
essential to consider how much you are willing to pay. Most credit cards have a joining or annual fee.
Before deciding on a credit card, evaluate whether the fees charged by the issuer are justified by the
benefits offered. If the benefits don't match up, it might not be worth applying for that particular
credit card.
Compare multiple options
Choosing the right credit card requires comparing multiple options to ensure you get the best deal.
When comparing credit cards, consider fuel benefits, annual fees, rewards programs, and more to make
an informed decision. It's possible that other credit cards provide better benefits for your fuel
transactions at a similar annual fee. After comparing multiple cards, apply for the one that best
suits your lifestyle.
FAQs
1. Which is the best HP fuel credit card?
If HPCL is your preferred fuel outlet, you can consider applying for credit cards such as
ICICI HPCL Super Saver Credit Card, ICICI HPCL Coral Credit Card, or HPCL IDFC First Power+ Credit
Card. These cards offer up to 6.5% savings on your fuel expenses through rewards or cashback.
Keep in mind that these credit cards come with an annual fee, so it's essential to assess the
overall value of the card before making a decision.
2. What are the benefits of a fuel credit card?
Many fuel credit cards are co-branded and provide benefits specific to the partnered brand.
These cards offer discounts on fuel expenses, cashback, or rewards for transactions. Additionally,
you can redeem earned rewards for future fuel purchases, essentially getting free fuel. Alongside these
perks, Fuel credit cards often include complimentary benefits such as exclusive memberships and bonus rewards.
3. Is it good to have a fuel credit card?
If you commute daily and fuel expenses make up a significant part of your monthly spending, having a fuel
credit card is essential. Certain fuel cards provide value back through cashback or rewards, while others
offer direct discounts. With the right card, you can save on your current fuel expenses and also earn additional
benefits such as bonus rewards, allowing you to get free fuel each year.
4. Are fuel credit cards lifetime free?
While many card issuers provide lifetime free credit cards, which can help you save on fuel surcharge,
some fuel credit cards come with an annual fee as low as Rs. 199. Before applying for any Fuel credit card,
it's crucial to analyze your spending patterns and choose the card that aligns best with your
monthly expenses.
5. Which fuel credit card is best?
Presently, BPCL SBI Card Octane stands out as one of The Top Fuel credit cards in the market,
especially if you're a loyal customer of BPCL. With this card, you can earn 25X rewards on your fuel
expenses, providing a value back of up to 7.25%. Alternatively, you can consider applying for other Fuel
credit cards such as IndianOil Axis, HDFC Bharat Cashback, or ICICI HPCL Super Save if you have a
preference for different fuel outlets than BPCL.
6. What is a fuel surcharge waiver on credit cards?
Whenever you use your credit card for a fuel transaction, a fuel surcharge is applied, typically
around 1% to 2% of the transaction amount. However, many credit cards provide a fuel surcharge waiver
of 1% on your fuel transactions. A fuel surcharge waiver means that you won't be charged the surcharge
when using your credit card for fuel expenses.
7. What is the eligibility criteria to apply for a fuel credit card?
To get a fuel credit card, you need to meet certain requirements, and these can differ between
different banks. Generally, you should have a steady income and be at least 18 years old. It's important
to check the specific eligibility criteria for the credit card you're interested in before applying
to avoid any chances of rejection.
8. How to apply for a fuel credit card?
Fuel credit cards are available from various credit card issuers, including HDFC, Axis, Kotak,
ICICI, SBI Card, and more. You can apply for these credit cards by visiting the official website
of the respective card issuer or by going to any nearby branches of the bank. Additionally, you can
check your eligibility and apply for fuel credit cards through MybankingTips by clicking here.
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