7 Best Fuel Credit Cards in India May 2023

Joining Fee: Rs. 1,499
Annual Fee: Rs. 1,499 (Waived off on spending Rs. 2 lakh in the previous year)

BPCL SBI Card Octane  is a premium version of BPCL SBI Card and comes with additional advantages. With this card, you can get 7.25% value back on Bharatgas online payments through the website and mobile app. This card also give you a good start with a welcome bonus of 6,000 reward points. Some of the key features are as follows:

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

Suggested: Best Rewards Credit Cards in India | Check Your Eligibility

Joining Fee: Rs. 500
Annual Fee: Rs. 500

ICICI Bank HPCL Super Saver Credit Card is a co-branded credit card that rewards you for your fuel transactions at HPCL petrol pumps. You can save up to 4% every time you use your card for fuel transactions. This credit card also offers benefits across other categories, such as travel, entertainment, dining and more. Below mentioned are some of the major benefits provided by this ICICI Bank Credit Card:

Fuel Benefits:

• 4% cashback on fuel spends at HPCL fuel pumps
• Additional 1.5%  back in reward points on fuel spends on payment at HPCL fuel outlets via the HP Pay app
• Welcome benefit of 2,000 reward points on card activation and payment of joining fee and Rs. 100 cashback on HP Pay app

Other Benefits:

• 5% back in reward points on grocery, departmental stores and utility bill spends
• 2 reward points on every Rs. 100 spent on retail purchases expect fuel
• 25% discount on BookMyShow and INOX on minimum two tickets per transaction up to Rs. 100
• 1 complimentary airport lounge access per quarter on spending Rs. 5,000 in a calendar quarter

Suggested: ICICI HPCL Super Saver Credit Card Review | Check Your Eligibility

Joining Fee: Rs. 500
Annual Fee: Rs. 500 (Waived off on spending Rs. 50,000 in the previous year)

IndianOil Axis Bank Credit Card gives you decent returns on fuel spends as well as other online spends. It is truly a good card that rewards you with 4% return on fuel expenses as EDGE rewards. The card is designed in such a way that it makes sense to get it if you have fuel spends in the range of Rs. 4,000 to Rs. 5,000 per month, with which you will also get an annual fee waiver. Details regarding the same are mentioned below:

Fuel Benefits:

• 4% value back on fuel transactions by earning 20 reward points per Rs. 100 at any IOCL fuel outlet in India
• Accelerated reward points at IOCL fuel outlets on fuel transactions between Rs. 100 to Rs. 5,000 per month
• 1% fuel surcharge waiver on fuel transactions between Rs. 200 to Rs. 5,000

Other Benefits:

• 100% cashback (Max. Rs 250) on all fuel transactions within 30 days of card issuance
• 1% value back on online shopping by earning 5 reward points on every Rs. 100 spent
• 1 EDGE reward point for every Rs. 100 spent via this card
• Up to 15% discount at partner restaurants under Axis Bank Dining Delights
• 10% discount on booking movie tickets from BookMyShow

Suggested:  IndianOil Axis Credit Card Review | Check Your Eligibility

Joining Fee: Rs. 500
Annual Fee: Rs. 500

HDFC Bharat Cashback Credit Card is a beginner-level credit card that is best suited for users seeking cashback on fuel. The card offers 5% cashback on fuel expenses, railway ticket bookings, groceries, bill payment, mobile recharge and spends on PayZapp/EasyEMI/ SmartBUY. You can save up to Rs. 3,600 every year through this credit card. Some of the key features and benefits of this credit card are mentioned below:

Fuel Benefits:

• 5% cashback on fuel expenses
• 1% fuel surcharge waiver on a minimum transaction of Rs. 400

Other Benefits:

• 5% monthly cashback on IRCTC tickets, groceries, bill payments and mobile recharges
• 5% cashback on spends via PayZapp/ EasyEMI/ SmartBUY
• Annual savings of up to Rs. 3,600 via this credit card
• Up to 50 interest-free days from the date of purchase

Suggested: HDFC Bharat Cashback Credit Card Review | Check Your Eligibility

Joining Fee: Rs. 500
Annual Fee: Rs. 500 (Waived off on spending Rs. 50,000 in a year)

IndianOil HDFC Bank Credit Card is focused majorly on users from non-metro cities and towns of India and is offered in Visa and RuPay variants. Using this card, you can earn ‘fuel points’ across all spending categories and use the same against fuel purchases at IndianOil fuel stations. You can earn up to 50 litres of free fuel every year via this credit card. Here are some of the major benefits provided by this credit card:

Fuel Benefits:

• Up to 50 litres of free fuel annually on transactions via this credit card
• Complimentary IndianOil XTRAREWARDS^TM Program (IXRP) membership
• 5% of your spends as fuel points at IndianOil outlets
• 1% fuel surcharge waiver on a minimum transaction of Rs. 400

Other Benefits:

• 5% of your spends as fuel points on groceries and bill payments
• 1 fuel point for every Rs. 150 spent on all other purchases
• Interest-free credit period of up to 50 days

Suggested:  IndianOil HDFC Bank Credit Card Review | Check Your Eligibility

Joining Fee: Rs. 199
Annual Fee: Rs. 199 (Reversed on spending Rs. 50,000 in a year)

ICICI Bank HPCL Coral Credit Card lets you save up to 3.5% on fuel expenses and also rewards you with decent reward points on other eligible spends. Moreover, you can redeem the reward points for fuel at any HPCL petrol pump. With this card, you can get 2.5% cashback on your fuel purchases at HPCL pumps. You should apply for this card if you are a loyal customer of HPCL and want a fuel credit card with low annual fee. Here are some of the other details regarding this credit card:

Fuel Benefits:

• 2.5% cashback on fuel purchases at HPCL pumps
• 1% fuel sucharge waiver on fuel purchases at HPCL pumps

Other Benefits:

• 25% off (Up to Rs. 100) on movie tickets booked via BookMyShow
  
• 2 reward points for every Rs. 100 spent on retail purchases, excluding fuel
• 2,000 PAYBACK points can be redeemed for fuel worth Rs. 500
• 15% off on dining at over 800 restaurants via Culinary Treats program

Suggested: Best Cashback Credit Cards in India | Check Your Eligibility

Joining Fee: Rs. 499
Annual Fee: Rs. 499 (Waived off on spending Rs. 50,000 in the previous year)

BPCL SBI Card offers a 4.25% value back on your fuel purchases at BPCL petrol pumps. Apart from this, you can also earn 5X points on your spends at select categories, which is an added advantage. This is a good option if you are looking for a card to save more on your fuel expenses. Below mentioned are the detailed key features and benefits of this credit card:

Fuel Benefits:

• 13X reward points equivalent to 4.25% value back on fuel purchases at BPCL petrol pumps
• 3.25% value back on every BPCL transaction of up to Rs. 4,000
• 1% fuel surcharge waiver on transactions of up to Rs. 4,000 at any BPCL petrol pump

Other Benefits:

• Welcome gift of 2,000 activation bonus reward points worth Rs. 500
• 5X reward points on every Rs. 100 spent on groceries, departmental stores, movies or dining
• 1 reward point for every Rs. 100 spent on non-fuel purchases

Suggested:  BPCL SBI Card Review | Check Your Eligibility

Here are a few things which you should look in a fuel credit card:

Co-branded Benefits

While selecting a fuel credit card, you should consider co-branded benefits offered by the card. For instance, if you frequently visit HPCL petrol pumps, then you should opt for a card that offers higher benefits on your fuel transactions at HPCL petrol pumps rather than having a card that offers similar benefits across all petrol pumps. You should always look for a card that is best suited for your requirements.

Additional Discount

Usually, credit cards offer discounts across various categories. However, you should look for a card that lets you save more on your fuel transactions. Some cards offer an additional discount on your fuel transactions at the collaborated brand. Some credit cards offer an additional discount when you achieve a certain spending milestone, whereas, some cards offer an additional discount for a specific period of time at the partnered petrol pump. Therefore, before choosing a credit card, you should read about all the related terms and conditions to make the most out of it.

Higher Rewards/ Cashback

Fuel credit cards give you a good value back on your transactions by rewarding you with cashback or reward points. Hence, you should get a credit card that offers higher rewards or cashback on fuel transactions. For instance, IndianOil Axis Bank Credit Card rewards you with a 1% value back for your online transactions, whereas, when it comes to fuel expenses, this credit card offers a value back of 4%, which is higher as compared to other categories. So, you should choose a credit card that offers higher rewards on the fuel category.

Fuel Surcharge Waiver

The fuel surcharge is a charge that is levied on your fuel transactions across all the petrol pumps. Fuel credit cards let you save this surcharge by providing a fuel surcharge waiver on your transactions. This is a basic benefit that is offered by most of the credit cards. So, if you are someone who rarely makes fuel transactions and are looking for an option to save on your fuel transactions, you should get a card that offers a fuel surcharge waiver.

Suggested read: Top Credit Cards in India

There is no doubt that fuel credit cards can help you save a lot on your fuel transactions. But, only choosing the right credit card can help you maximize your benefits. Here are a few things that you should keep in mind while selecting a credit card:

Identify your needs

Before selecting a credit card, you should always analyze your requirements to make the most out of it. For instance, if you are someone who commutes on a daily basis and prefers to use IndianOil instead of HPCL, then getting a credit card that offers higher benefits on IndianOil fuel transactions makes more sense rather than getting a card that offers benefits on fuel transactions via HPCL. Therefore, it is important to identify your need and spending behaviour to make an informed decision.

Determine your payment capacity

Every credit card has a different plan and cost. To find the right credit card, it is important to analyze how much you are ready to pay for it. Most of the credit cards come with a joining or annual fee. Before finalizing a credit card, you should analyze whether the fee charged by the issuer justifies the benefits offered on the credit card. If you are not getting enough benefits, then there is no point in applying for that credit card.

Compare multiple options

When it comes to selecting the right credit card, you should always compare multiple cards to make sure that you are getting the best deal. While comparing credit cards, you should compare fuel benefits, annual fee, rewards program and more to make an informed decision. There might be a possibility that other credit cards offer better benefits on your fuel transactions at a similar annual fee. Once you have compared multiple cards, apply for one credit card at a time that fits your lifestyle the best.

Suggested read: Best Shopping Credit Cards | Best Lifetime Free Credit Cards | Best Entry-level Credit Cards