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By Rajat Gaur
Updated On
Fuel is a fundamental requirement in all our lives. Whether it’s the daily commute or a simple long drive, fuel is essential for our vehicles to operate. Not only is this purchase necessary, but it is also repetitive and expensive. However, with a fuel credit card, you can easily pay and save on your fuel purchases. Every time you make a fuel transaction using your IndianOil or any other co-branded credit card, you shall save something in the form of rewards or cashback. Everyone who owns a vehicle should have a fuel credit card. Whether it’s for a car or a bike, petrol or diesel, a fuel-based credit card can make your travels more economical.
Before you get a fuel credit card, several questions come to mind: What is a fuel credit card? Should I have a fuel credit card or not? Which card should I choose? Many of us have such questions in our mind and it is really important to be aware of their answers before applying for a fuel credit card. If you are going through such doubts, this article would greatly help you. On the basis of benefits, rewards, and cashback offered we have compiled the list of best fuel credit cards in India. While some are generic ones most of these are co-branded and launched in association with fuel outlets such as BPCL, IOCL, or HPCL. Keep reading to learn the answers to these questions and the top fuel credit cards you can apply for in the market.
Table of Contents
- IndianOil Axis Bank Premium Credit Card
- BPCL SBI Card Octane
- IndianOil HDFC Bank Credit Card
- IDFC HPCL First Power Plus Credit Card
- Indian Oil Axis Bank RuPay Credit Card
- BPCL SBI Credit Card
- IDFC HPCL FIRST Power Credit Card
- HPCL Bank of Baroda (BoB) ENERGIE Credit Card
- Standard Chartered Super Value Titanium Credit Card
- ICICI Bank HPCL Super Saver Credit Card
List of Top Fuel Credit Cards 2024
Almost all major card issuers offer credit cards with fuel benefits; finding the best ones might be challenging. Some fuel credit cards have higher fees, while others have a meager and affordable membership fee. Different cards may suit different individuals, so you should compare all the cards to find the card that suits you best. To help you out, we have a list of the best fuel credit cards in India.
(4.5/5)
Joining Fee
Rs. 1,000 + GST
Renewal Fee
Rs. 1,000 + GST
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
500 EDGE Miles on the First Transaction Within 30 Days of Card Issuance
Card Details +
The IndianOil Axis Bank Premium Credit Card offers accelerated reward points for fuel spends made at IOCL outlets across the country. With this card, you can earn 6X EDGE Miles/₹150 at IndianOil outlets for fuel, 2X EDGE Miles/₹150 on grocery spends, and 1X EDGE Miles on all other eligible spends. Apart from fuel benefits, this card also offers other exclusive privileges, such as domestic airport lounge access and discounts on Zomato.
(5/5)
Joining Fee
Rs. 1,499 + GST
Renewal Fee
Rs. 1,499 + GST
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
6,000 bonus reward points worth Rs. 1500
Card Details +
The BPCL SBI Card OCTANE, launched by the SBI Card in collaboration with Bharat Petroleum Corporation Limited, provides its customers with exclusive fuel-saving benefits. With this fuel credit card, you get rewarded for all your spending, and you get accelerated Reward Points for your spends on fuel at BPCL pumps. Following are some additional benefits of the BPCL SBI Card OCTANE:
- 7.25% value back on fuel transactions.
- Welcome gift of 6,000 Reward Points.
- Complimentary airport lounge access.
- Gift vouchers worth Rs. 2,000 as milestone benefits.
- Spend-based annual fee waiver.
(4.1/5)
Joining Fee
Rs. 500 + GST
Renewal Fee
Rs. 500 + GST
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
N/A
Card Details +
The IndianOil HDFC bank Credit card is a co-branded fuel credit card issued by the HDFC bank in partnership with the Indian Oil Corporation Limited. You earn fuel points on all your spends through this card and accelerated fuel points on your fuel purchases. Moreover, the IndianOil HDFC Bank Credit Card has several other advantages, including:
- Get up to 50 liters of free fuel every year.
- Redeem your earned fuel points against an array of options.
- Spend-based joining/annual fee waiver.
(4.7/5)
Joining Fee
Rs. 499 + GST
Renewal Fee
Rs. 499 + GST
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Up to Rs. 500 cash back on your 1st HPCL fuel transaction above Rs. 500 and up to 5% cashback (up to Rs. 1,000 capped) on the transaction value of the first EMI.
Card Details +
The superior version of the co-branded fuel credit cards by IDFC Bank and HPCL, the FIRST Power Plus card offers better benefits and privileges than the FIRST Power variant. You save around Rs. 18,500 with this card annually, which can be used to purchase more than 175 liters of fuel. Even though it is a fuel credit card, there are a host of other lifestyle privileges on and off with the card. Here is a detailed list of features and benefits of this fuel credit card:
- Up to 6.5% savings on fuel spends
- 4% savings on LPG and HPCL fuel spends, 1.5% savings on payment through HP Pay App, and 1% fuel surcharge waiver
- 5% savings on grocery and utility bills
- 3x reward points on other retail spends
- Up to Rs. 500 cashback on the 1st HPCL transaction above Rs. 500 or more
- Up to Rs. 150 discount on Swiggy orders on orders above Rs. 500
(4.6/5)
Joining Fee
Rs. 500 + GST
Renewal Fee
Rs. 500 + GST
Best Suited For
Fuel | Shopping
Reward Type
Reward Points
Welcome Benefits
100% cashback (up to Rs. 250) on the first fuel transaction made within 30 days of card issuance.
Card Details +
Issued by the Axis Bank in partnership with IndianOil, the IndianOil Axis Bank Credit Card comes with exclusive benefits on fuel. It earns you reward points on all your spends & accelerated value-back benefits on fuel transactions at authorized Indian Oil outlets. There are several other benefits of Indian oil credit card, some of which are as mentioned below:
- Get 100% cashback up to Rs. 250 on fuel in the first 30 days as a welcome gift.
- Earn Reward Points every time you spend.
- Up to a 15% discount on movies through BookMyShow.
- Up to 20% discount on dining bills through the Axis Bank Dining Delights program.
- Spend-based annual fee waiver.
(4.6/5)
Joining Fee
Rs. 499 + GST
Renewal Fee
Rs. 499 + GST
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
2,000 Activation Bonus Reward Points worth Rs.500 on payment of joining fee (credited after 20 days of the payment of joining fee).
Card Details +
The BPCL SBI Card is also a co-branded card issued by the SBI card in partnership with BPCL. It allows its customers to save more on their fuel purchases, and along with the fuel surcharge waiver, you get accelerated Reward Points on fuel transactions. Other than the fuel benefits, the card provides some additional benefits:
- 4.25% value back on fuel transactions.
- Welcome gift of 2,000 bonus Reward Points.
- Reward points on all purchases & extra reward points on groceries, departmental stores, etc.
- Instant & easy reward redemption at selected BPCL pumps
(4.6/5)
Joining Fee
Rs. 199 + GST
Renewal Fee
Rs. 199 + GST
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
NA
Card Details +
IDFC Bank partnered with HPCL to launch their first co-branded credit cards in their portfolio, and they came out with two fuel credit cards, namely FIRST Power and FIRST Power Plus. Being a fuel credit card, the FIRST Power card will let you earn 65 liters of fuel per year, as you can save around Rs. 7000 with the card annually. In addition to fuel rewards, the card offers benefits across various categories, and the reward points earned through the card never expire. Here is a list of the credit card’s benefits and features:
- Up to 5% savings on fuel transactions up to Rs. 5000 maximum per month
- Up to 2.5% savings on grocery and utility spends up to Rs. 4000 maximum per month
- 2x reward points on other retail spends
- Up to Rs. 150 discount on Swiggy orders above Rs. 500
- Cashback up to Rs. 250 on transactions above Rs. 250 on your 1st HPCL transaction
(4.5/5)
Joining Fee
Rs. 499 + GST
Renewal Fee
Rs. 499 + GST
Best Suited For
Fuel | Shopping
Reward Type
Reward Points
Welcome Benefits
On spending Rs. 5,000 or more first 60 days after paying the joining fee, you get 2,000 Bonus RPs.
Card Details +
A co-branded credit card by Bank of Baroda, the HPCL Bank of Baroda ENERGIE Credit Card, results from a collaboration between BoB Bank and HPCL. The card benefits the cardholder for all fuel transactions to help them save more. It provides a great deal whenever you swipe it at HPCL Petrol Pumps. The following are the benefits of the card:
- For every Rs. 150 spent on fuel purchases at HPCL fuel stations, you will get 24 Reward Points.
- For every Rs. 150 spent on departmental stores and groceries, you will get 10 Reward Points.
- 4 Complimentary domestic lounge access
- 1% fuel surcharge waiver.
- 25% discount on movie ticket booking.
(4.6/5)
Joining Fee
Rs. 750 + GST
Renewal Fee
Rs. 750 + GST
Best Suited For
Fuel | Shopping
Reward Type
Reward Points
Welcome Benefits
Up to 1,500 cashback on fuel transactions within the first three months.
Card Details +
Standard Chartered Bank issues the Standard Chartered Super Value Titanium Credit Card to provide its customers with exclusive saving offers on fuel transactions. Although the card lets you save more on fuel, it also has several other benefits. Following are some of its other benefits:
- A cashback of up to Rs. 1,500 on fuel transactions within the first 90 days.
- Complimentary Priority Pass membership.
- Spend-based annual fee waiver.
(5/5)
Joining Fee
Rs. 500 + GST
Renewal Fee
Rs. 500 + GST
Best Suited For
Fuel | Shopping
Reward Type
Reward Points
Welcome Benefits
2,000 bonus Reward Points on paying the membership fee within 2 months and spending at least Rs. 5,000 within the first 45 days of card issuance; Rs. 100 cashback on HP Pay app on the first fuel purchase of Rs. 1,000 or more.
Card Details +
After collaborating with HPCL (Hindustan Petroleum Corporation Limited), ICICI Bank launched the ICICI Bank HPCL Super Saver Credit Card. As the name suggests, the card aims to provide great saving benefits to its customers. With this card, the cardholders are rewarded with reward points on the purchases that they make using this card and exclusive cashback on fuel transactions. Following are some of the additional benefits of this card:
- Up to a 6.5% cashback on fuel transactions at HPCL outlets.
- Complimentary airport lounge access.
- A 25% discount on movies on BookMyShow.
- Under the ICICI Bank Culinary Treats Programme, you will get exclusive discounts on your dining bills while dining at the partnered restaurants.
Compare Features of Fuel Credit Cards
| Credit Card | Joining/Renewal Fee | Rewards/Cashback on Fuel Spends | Reward Point Value |
| IndianOil Axis Bank Premium Credit Card | ₹1,000 + GST |
|
1 EDGE Mile = ₹1 |
| Indian Oil Axis Bank RuPay Credit Card | ₹500 + GST |
|
₹0.20 |
| IDFC HPCL First Power Plus Credit Card | ₹499 + GST |
|
₹0.25 |
| BPCL SBI Card | ₹499 + GST |
|
₹0.25 |
| BPCL SBI Card OCTANE | ₹1,499 + GST |
|
₹0.25 |
| IDFC HPCL FIRST Power Credit Card | ₹199 + GST | 21X Reward Points on HPCL Fuel & LPG | ₹0.25 |
| HPCL Bank of Baroda ENERGIE Credit Card | ₹499 + GST |
|
₹0.25 |
| Standard Chartered Super Value Titanium Credit Card | ₹750 + GST |
|
– |
| ICICI Bank HPCL Super Saver Credit Card | ₹500 + GST |
|
₹0.25 |
What is a Fuel Credit Card?
A fuel credit card is just another type of credit card whose rewards & benefits are more oriented toward fuel transactions. With an Indian oil credit card, you can pay easily for fuel just by swiping the card rather than paying with cash, cheque, etc. These cards are specially designed to fulfill customers’ fuel requirements and provide them with saving benefits when they purchase fuel. The fuel credit cards help you track your expenses and spend more efficiently on fuel.
Benefits of Fuel Credit Cards
Although fuel credit cards are best suited for fuel purchases, these have several other advantages. Following are some of the benefits of a fuel card:
- You can save a lot on fuel transactions.
- You get reward points that are redeemable not only against fuel but also against shopping, travel, etc.
- You get a fuel surcharge waiver.
- You can also get other travel & lifestyle benefits with some fuel credit cards.
Factors to Consider Before Applying for a Fuel Credit Card
Applying for a fuel card without understanding your requirements is not a good idea. You should definitely have the best fuel credit card if you need it, but before applying for one, you should analyze & compare different fuel credit cards as they might be giving offers on a particular fuel brand. For example, if you choose a fuel credit card that offers cashback on fuel purchases at BPCL petrol pumps, but you frequently make fuel purchases at HPCL pumps, then the card would not benefit you. So, keep all such things in mind and choose a fuel card that suits you the best. The prospective applicant should keep a few things in mind before applying for a fuel credit card –
- Look for a fuel discount credit card that has the best interest rate, as it would allow you to repay the borrowed amount with ease.
- Analyze the monthly fuel charges before getting a credit card so that you can avail yourself of the maximum benefits.
- Check the fees and charges levied on the fuel credit card so that the costs do not outweigh the benefits.
- Check the type of fuel offers you can get on the credit card and match them to your needs.
- Ensure that the fuel credit card offers can be easily redeemed to enjoy the benefits.
Eligibility for Fuel Credit Card?
The following are the criteria that an applicant needs to meet before applying for a best fuel credit card –
- The applicant should be a resident of India and must be above the age of 18 years.
- He should be either salaried or self-employed.
- He should meet the income criteria set by the bank.
- The applicant should possess a decent credit score.
How To Apply for Fuel Credit Cards?
The process of applying for a fuel credit card is similar to that of applying for a general credit card. But first, you have to analyze whether you want a regular fuel credit card or a co-branded fuel credit card. Once you have finalized this, you can follow the steps mentioned below to apply for a best fuel credit card –
- Compare different popular fuel credit cards,
- Select your preferred credit card,
- Click on the Apply Now button,
- Fill in your particulars like name, PAN Card, and mobile number,
- Submit your application for your new fuel credit card.
Conclusion
Whether it’s petrol or diesel, all of us who have vehicles regularly refuel these based on our usage. This generic and regular usage is what makes fuel credit cards so important. Usually, you cannot pay for fuel transactions with your credit cards as it won’t get any points, and you shall also be liable to pay a surcharge. However, specific credit cards for fuel would not only offer you a line of credit but also provide you with accelerated reward points or cashback.
One might think that these credit cards only offer points for fuel, but a large variety of these cards also offer reward points for movies and groceries. After knowing all the reasons to have a fuel credit card & its benefits, it is easier for you to choose the right fuel credit card for yourself. But make sure to understand your requirements so as to avail yourself of the maximum benefit from your fuel credit cards.
With a fuel credit card, we can save big on our essential purchases, so apply now.
FAQs:
If you travel by road frequently and incur lots of fuel expenses, then having a fuel credit card would be a great choice as it will help you save more in the form of cashback, fuel surcharge waiver, and much more.
Following are the fuel cards that provide more than 5% cashback on fuel:
- BPCL SBI Card OCTANE: 7.25% of the value will be refunded (in the form of Reward Points and a fuel surcharge waiver).
- ICICI Bank HPCL Super Saver Credit Card - Up to 6.5% cashback on fuel transactions at HPCL pumps.
- IndianOil HDFC Bank Credit Card - 5% cashback on fuel at IndianOil outlets.
- Standard Chartered Super Value Titanium Credit Card - 5% cashback on all fuel transactions.
Do you get complimentary lounge access with the Standard Chartered Super Value Titanium Credit Card?
No, you are not entitled to complimentary lounge access.
The 100% cashback offer on the IndianOil Axis Bank Credit card allows you to earn a maximum cashback of Rs. 250.
If you purchase fuel frequently from the BPCL pumps, you can choose the BPCL SBI Card or the BPCL SBI Card OCTANE.
If you spend generously on fuel purchases, you should opt for a fuel credit card. With these credit cards, you can save significantly on your fuel transactions.
Eligibility criteria for applying for a fuel credit card differ from bank to bank. However, one of the most common and generic criteria for having any kind of credit card is having a decent credit score, i.e., above 650.
In general, SBI Credit Cards offer a 1% fuel surcharge waiver on fuel transactions made using these credit cards.
Many people consider SBI BPCL Credit Card for fuel purposes but I think rather than getting this card people can also consider ICICI Bank HPCL Coral Amex credit card which gives 3.5% value and IndianOil Citi Credit Card which gives more than 2.5% value apart from the surcharge savings.
If you frequently refuel your vehicle while traveling, the IndianOil Kotak Bank credit card is a great option for you.
You will get:
Save upto 5% on IOCL fuel spends
1000 Reward points as a welcome benefit
Fuel surcharge waiver