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The rising cost of fuel may lead to significant expenditure for those who travel long-distances in their automobile regularly. In this scenario, a credit card with benefits on fuel expenditure can lead to considerable savings.

The benefits on fuel credit cards come in the form of cashback, surcharge waivers and more. Here are the 7 best credit cards in India with fuel and other benefits.

What is Fuel Surcharge Waiver?

Best Fuel Credit Cards in India for 2020

Card NameAnnual FeeFuel BenefitMinimum Income Requirement*
IndianOil Citibank® Platinum Credit CardRs. 1,000Up to 71 Litres* of fuel for free per yearRs. 25,000 p.m.
BPCL SBI CardRs. 499Up to 4.25% Value Back on Fuel ExpensesRs. 20,000 p.m.
Standard Chartered Super Value Titanium Credit CardRs. 7505% cashback on fuel spends at all petrol pumpsRs. 55,000 p.m.
IndianOil HDFC Credit CardRs. 500Earn back 5% of fuel spends as Fuel PointsRs. 10,000 p.m.
ICICI HPCL Coral Credit CardRs. 1992.5% cashback at HPCL Fuel StationsCheck with bank**
HDFC Bharat Cashback Credit CardRs. 5005% cashback on Fuel SpendsCheck with bank**
IndianOil Axis Bank Credit CardRs. 5004% value back on fuel purchase at IOCL outletsCheck with bank**

*The minimum income mentioned is for salaried applicants. The requirement may vary for self-employed individuals.
** Income eligibility for these cards is shared by the bank at the time of application. Please contact bank officials for the same.

IndianOil Citibank® Platinum Credit Card
BPCL SBI Card
Standard Chartered Super Value Titanium Credit Card
IndianOil HDFC Credit Card
ICICI HPCL Coral Credit Card
HDFC Bharat Cashback Credit Card
IndianOil Axis Bank Credit Card

IndianOil Citibank® Platinum Credit Card

Annual Fee: Rs. 1,000 (waived off on spending Rs. 30,000 in a year)
Minimum Income: Rs. 25,000 per month

Indian Oil Citibank Credit Card

IndianOil Citibank® Platinum Credit Card is one of the most sought after fuel credit cards as it allows one to earn Turbo Points on all purchases. These Turbo points can then be used at the time of refuelling at Indian Oil Fuel Stations.

  • 4 Turbo Points per Rs. 150 spent on fuel purchases at authorized Indian Oil retail outlets
  • 2 Turbo Points per Rs.150 for grocery and supermarkets spends
  • 1 Turbo Point per Rs. 150 spent on all other spends
  • Turbo Points can be redeemed at Indian Oil Petrol Pumps
  • 1 Turbo Point = Re. 1 of Free Fuel
  • Turbo Points never expire
  • Full waiver of the fuel surcharge* (1%) on fuel purchases
More Details
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BPCL SBI Card

Annual Fee: Rs. 499 (waived off on spending Rs. 50,000 in a year)
Minimum Income: Rs. 20,000 per month

Launched in collaboration with Bharat Petroleum, this SBI Credit Card offers value back on your fuel spends. The card is also well suited for grocery purchase, movies and dining.

  • 13X reward points (up to 1,300 points a month) on fuel purchase at BPCL Petrol Pumps
  • 1% fuel surcharge waiver* at BPCL Petrol Pumps (max. Rs. 100 in a month)
  • 2,000 Bonus Reward Points worth Rs. 500 as welcome benefit
  • 1 reward point per Rs. 100 on non-fuel spends
  • 5X rewards on movies, dining, groceries and departmental store spends
More Details
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Maximize your FUEL SAVINGS with BPCL SBI; Get the Card in Just 7 DAYS*

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Standard Chartered Super Value Titanium Credit Card

Annual Fee: Rs. 750 (waived off on spending Rs. 90,000 in a year)
Minimum Income: Rs. 55,000 per month

Standard Chartered Super Value Titanium

This Standard Chartered Credit Card is among the best cashback credit cards in India with major benefit on fuel and utility bill payment. More details of the card are given below.

  • 5% cashback on fuel purchase and phone and utility bill payment
  • 1 reward point per Rs. 150 spent
  • 5X rewards on International POS transactions
  • Contactless feature ensures quick and safe transactions
  • Balance transfer and loan facility
More Details
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IndianOil HDFC Credit Card

Annual Fee: Rs. 500 (waived off on spending Rs. 50,000 in a year)
Minimum Income: Rs. 10,000 per month

Indian Oil HDFC Credit Card is a comparatively new credit card in India and rewards you in the form of Fuel Points, which are valid for 2 years. Read more details on this card below:

  • 5% Fuel Points for fuel purchase at Indian Oil Petrol Pumps
  • 5% Fuel Points for Groceries and Bill Payment (up to 100 FP each in a month)
  • 1 Fuel Point per Rs. 150 for all other spends
  • 1% fuel surcharge waiver* up to Rs. 250 in a billing cycle
  • Redeem Fuel Points for IndianOil XTRAREWARDSTM Points (XRP)
  • 1 FP = 3 XRP and 1 XRP = Rs. 0.32
More Details
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ICICI HPCL Coral Credit Card

Annual Fee: Rs. 199 (waived off on spending Rs. 50,000 in a year)
Minimum Income: Communicated at the time of application

Offered in Visa, Mastercard or American Express variant, this ICICI Bank Credit Card offers benefits on fuel in the form of cashback and fuel surcharge waiver. Rewards and other perks can also be availed.

  • 5% cashback on fuel expenses above Rs. 500
  • Maximum cashback per month is capped at Rs. 100
  • 1% fuel surcharge waiver* at HPCL Petrol Pumps
  • 25% discount on minimum two tickets booked on BookMyShow (max. up to Rs. 100)
  • Dining offers via ICICI Bank Culinary Treats Program
More Details on Visa Variant
More Cards from ICICI Bank

HDFC Bharat Cashback Credit Card

Annual Fee: Rs. 500 (waived off on spending Rs. 20,000 in a year)
Minimum Income: Communicated at the time of application

HDFC Bharat Cashback Credit Card is a low annual fee cashback credit card that is suited for your fuel, groceries and bill payment needs. Read on to know more about this credit card.

  • 5% cashback on fuel expenses
  • 1% fuel surcharge waiver* up to Rs. 250 in a billing cycle
  • 5% cashback on bill payment and mobile recharge
  • 5% cashback on groceries
  • 5% cashback on HDFC PayZapp, SmartBUY or EasyEMI transactions
More Details
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IndianOil Axis Bank Credit Card

Annual Fee: Rs. 500 (waived off on spending Rs. 20,000 in a year)
Minimum Income: Communicated at the time of application

Another card in collaboration with Indian Oil, this Axis bank card is also a good addition to your wallet if you would like to save on your fuel expenses. The card also offers reward points on other purchases. More details are given below.

  • 4% value back (in the form of 20 RP per Rs. 100) on fuel transactions at IOCL Fuel Stations
  • 100% cashback up to Rs. 250 on fuel transactions made within 30 days
  • 1% value back on online shopping
  • 1% fuel surcharge waiver for transactions between Rs. 200 and Rs. 5,000
  • Up to 10% off on movie tickets booked through BookMyShow
  • 1 EDGE Reward Point per Rs. 100 on all other spends
  • Up to 20% discount at partner restaurants
More Details on Axis IOCL Card
More Cards from Axis Bank

FAQs on Fuel Credit Cards

What is Fuel Surcharge Waiver?
How to choose the right fuel credit card?
I am confused between three fuel credit cards. How should I decide?

What is Fuel Surcharge Waiver?

When one pays for fuel through credit card, a fee is levied which consists of transaction fee and service tax. This fuel surcharge ranges between 1% and 3% of the cost of fuel.

For instance – If one purchases fuel worth Rs. 500, he may have to pay between Rs. 505 and Rs. 518 due to fuel surcharge. Banks offer waiver of this fuel surcharge as one of the benefits on most of its credit cards.

There are terms and conditions applicable to this waiver mainly with respect to-

  • Minimum and maximum transaction value
  • Maximum waiver that can be availed in a month

How to choose the right fuel credit card?

When choosing a fuel credit card, you must keep in mind that fuel expenses, though frequent, may not make a considerable part of your monthly expenses. It is other categories like groceries, shopping, travel, dining, etc. that most of us spend a lot on.

This is why when looking for a fuel credit card, you should not only look for the fuel benefits but also what the card offers on other categories.

For example, a card may offer you 2.5% cashback on fuel (with a cap of Rs. 100 per month) but only 1 reward point per Rs. 100 for groceries. In this case, you will only be able to save 1,200 a year on fuel whereas another card that offers 1% cashback on fuel, groceries and bill payments would help you save more.

I am confused between three fuel credit cards. How should I decide?

Once you have shortlisted a few cards, you must compare them on the following parameters. You should also check your eligibility for each card before proceeding.

  • Annual Fee: A high annual fee might nullify whatever you save on fuel and other categories. Hence, you should choose a card with a reasonable fee.
  • Capping on Rewards/Cashback: Most of the cards would have a monthly cap on how much you can earn back in the form of rewards or cashback. You must consider this before choosing.
  • Limits on Benefits: Some fuel credit cards, especially those co-branded with major fuel brands, may not offer the same benefits everywhere. You must keep this in mind to ensure that you can make the most of its advantages.
  • Redemption Value: Every card offers you easy reward redemption to get free fuel. However, the most important thing here is the redemption value. A card that gives you benefits worth Re. 1 for 1 reward point is always better than a card that gives you the same benefit for 4 reward points.
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