Best Fuel Credit Cards in India 2023

As fuel prices continue to rise annually, a lot of people are looking for credit cards that offer savings on fuel expenses. While numerous cards provide a monthly fuel surcharge waiver, there are specialized cards tailored specifically to address fuel-related needs. Such cards help you save in the form of cashback, accelerated reward points, co-branded benefits, and more. With the right credit card, you can earn free fuel every year and significantly reduce fuel costs. Some of the best fuel credit cards in India come from leading card issuers like SBI Card, HDFC Bank, Axis Bank, and more. Here is a list of top fuel credit cards for fuel in India that can help you enhance your savings on fuel transactions.

Best Fuel Credit Cards in India for December 2023

Here is a list of the top fuel credit cards in India that will help you save on your fuel expenses:

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1. BPCL SBI Card Octane

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:

Features & Benefits of BPCL SBI Card Octane:

• 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)
• 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

Must read: Best Credit Cards for Reward Points | Check Eligibility for Top Credit Cards

2. ICICI HPCL Super Saver Credit Card

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

ICICI Bank HPCL Super Saver Credit Card is one of the best credit card for fuel 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 of this credit card:

Features & Benefits of ICICI Bank HPCL Super Saver Credit Card:

• 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
• 5% back in reward points on grocery, departmental stores and utility bill spends
• 2 reward points on every Rs. 100 spent on retail purchases except 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

Must read: Best Cashback Credit Cards in India | Check Eligibility for Top Credit Cards

3. IndianOil Axis Bank Credit Card

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. Some of the benefits of this one of the best fuel credit cards are as follows:

Features & Benefits of IndianOil Axis Bank Credit Card:

• 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
• 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

Must read: Best Entertainment Credit Cards in India | Check Eligibility for Top Credit Cards

4. HDFC Bharat Cashback Credit Card

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:

Features & Benefits of HDFC Bharat Cashback Credit Card:

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

Must read: Best Travel Credit Cards in India | Check Eligibility for Top Credit Cards

5. IndianOil HDFC Bank Credit Card

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, making this card one of the best credit cards for fuel in India. Here are some of the major benefits provided by this credit card:

Features & Benefits of IndianOil HDFC Bank Credit Card:

• 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
• 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

Must read: Best Credit Cards for Online Shopping | Check Eligibility for Top Credit Cards

6. ICICI Bank HPCL Coral Credit Card

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:

Features & Benefits of ICICI Bank HPCL Coral Credit Card:

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

Must read: Best Dining Credit Cards in India | Check Eligibility for Top Credit Cards

7. HPCL IDFC FIRST Power+ Credit Card

Joining Fee: Rs. 499 | Annual Fee: Rs. 499 (Waived off on spending Rs. 1.5 lakh in the previous year)

HPCL IDFC FIRST Power+ Credit Card is a co-branded fuel credit card that gives a decent value-back on your fuel expenses at HPCL Petrol Pumps. With this card, you can get a value back of up to 6.5% on your fuel spends. Besides fuel, this credit card also gives a decent value back on other categories as well like groceries and utility expenses. However, if you do not want to pay an annual fee of Rs. 500, you can also consider applying for a lower variant of this card; HPCL IDFC First Power Credit Card. Here are some of the key features and benefits of one of the best fuel credit cards:

Features & Benefits of HPCL IDFC FIRST Power+ Credit Card:

• Up to 6.5% savings on your fuel expenses:
  • 4% savings as rewards on HPCL fuel & LPG expenses of up to Rs. 10,000 every month
  • 1.5% savings as Payback rewards through HP Pay app (Up to Rs. 5,000 per month)
  • 1% savings as fuel surcharge waiver on fuel expenses of 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*
• 5% savings as rewards on grocery & utility expenses of up to Rs. 2,000 every month
• 5% savings as rewards on IDFC FIRST FASTag recharge of up to Rs. 1,000 every month
• 3X reward points on other retail transactions
• 1 complimentary domestic airport lounge access every quarter, on minimum monthly spends of Rs. 5,000
• 25% off on movie tickets, up to Rs. 100 once every month

*Within 30 days of card set-up.

Must read: Best Credit Cards for Retail Shopping | Check Eligibility for Top Credit Cards

8. IndianOil Kotak Credit Card

Joining Fee: Rs. 449 | Annual Fee: Rs. 449 (Waived off on spending Rs. 50,000 in the previous year)

IndianOil Kotak Credit Card is an entry-level credit card that offers fuel benefits on your transactions at IndianOil outlets. The card offers a value back of 5% through reward points and fuel surcharge waiver across all IndianOil outlets. Besides this, the card also offers 2% value back on your grocery and dining spends, covering the two important categories for everyday expenses. This credit card is best suited for those who prefer IndianOil over other petrol pumps and fuel transactions cover a large portion of their expenses.

Features & Benefits of IndianOil Kotak Credit Card:

• 5% value back on IndianOil fuel spends:
  • 4% back via 24 reward points on every Rs. 150 spent at IndianOil outlets
  • Additional 1% fuel surcharge waiver on transactions between Rs. 100 to Rs. 5,000 with maximum surcharge waiver of Rs. 100 per statement cycle only at IndianOil outlets

• 2% back on grocery and dining spends with 12 reward points on every Rs. 150 spent
• 0.5% back via 3 reward points on every Rs. 150 spent on all other categories
• 1,000 bonus reward points as welcome benefit on spending Rs. 500 within 30 days of card issuance
• Personal accident insurance cover of Rs. 2 Lakh

Must read: Best Credit Cards for Utility Bill Payments | Check Eligibility for Top Credit Cards