You have surely heard of the term ‘fuel credit cards,’ or you may have even thought of having one. But, before having a fuel credit card, several questions can come to your mind, such as: What a fuel credit card actually is? Should I have a fuel credit card or not? Which fuel credit card should I choose? It is obvious to have such questions, 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 in your mind, this article would be a great help for you. Keep reading to know the answers to each of these questions and also the top fuel cards in the market that you can apply for.
- Indian Oil Axis Bank RuPay Credit Card
- IndianOil HDFC Bank Credit Card
- IndianOil Kotak Credit Card
- BPCL SBI Credit Card
- IDFC HPCL FIRST Power Credit Card
- IDFC HPCL First Power Plus Credit Card
- BPCL SBI Card Octane
- IndianOil Citi Credit Card
- HPCL Bank of Baroda (BoB) ENERGIE Credit Card
- ICICI Bank HPCL Super Saver Credit Card
- ICICI Bank HPCL Coral American Express Credit Card
- ICICI Bank HPCL Platinum Credit Card
- Standard Chartered Super Value Titanium Credit Card
List of Best Fuel Credit Cards in India 2023
Almost all the major card issuers offer credit cards with fuel benefits, and finding out the best ones might be a challenging task for you sometimes. Some fuel cards come with higher fees, while others have a really low and affordable membership fee. Different cards may suit different individuals, and hence you should compare all the cards to find the card that suits you the best. To help you out, we are here with the list of the best fuel credit cards in India.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
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 authorised Indian Oil outlets. There are several other benefits of this card, some of which are as mentioned below:
- Get 100% cashback 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 programme.
- Spend-based annual fee waiver.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
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 spends made on fuel. Moreover, the IndianOil HDFC Bank Credit Card has several other advantages, including
- Get up to 50 litres of free fuel every year.
- Redeem your earned fuel points against an array of options.
- Spend-based joining/annual fee waiver.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
Indian Oil and Kotak Mahindra Bank came out with their co-branded fuel credit card recently on the RuPay card network. As you can tell from the name, the card offers exciting fuel benefits to the cardholders apart from other retail, dining, and grocery savings. There are more than 34,000 Indian Oil fuel stations in India, and you get rewarded for refuelling your vehicle every time. The reward points earned by you on this card can be redeemed for various products and vouchers, free fuel, and cashback against the card statement balance. Read the features and benefits below-
- Welcome benefit of 1000 Reward points on spending Rs. 500 or more within a month of card issuance.
- 12 Reward points per Rs. 150 spent on grocery and dining, and 24 Reward points per Rs. 150 spent on IndianOil outlets.
- 3 Reward points per Rs. 150 spent on everything else.
- Annual fee waiver on spending Rs. 50,000 or more in the card anniversary year.
- 1% fuel surcharge waiver and personal accident insurance cover worth Rs. 2 Lakhs
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
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 following are some additional benefits that the card provides:
- 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
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
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 the FIRST Power and FIRST Power Plus. Being a fuel credit card, the FIRST Power card will let you earn 65 litres 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
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
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 litres 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 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
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
The BPCL SBI Card OCTANE, launched by the SBI Card in collaboration with Bharat Petroleum Corporation Limited, provides its customers with exclusive saving benefits on fuel purchases. With this card, you get rewarded for all your spends, 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.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
This is another fuel card issued by Citi Bank in partnership with Indian Oil. You are rewarded with Turbo Points in the form of reward points while you spend using this credit card. The earned Turbo Points can be redeemed against various categories & products, including fuel. The following are some additional benefits of this card:
- 250 Turbo Points as a welcome gift.
- Exclusive discount on dining across several participating restaurants.
- Spend-based annual fee waiver.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
A co-branded credit card by Bank of Baroda, the HPCL Bank of Baroda ENERGIE Credit Card, is a result of a collaboration between BoB Bank and HPCL. The card provides benefits to the cardholder for all fuel transactions to help them to save more. It provides a great deal every time 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.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
After collaborating with HPCL (Hindustan Petroleum Corporation Limited), ICICI Bank launched the ICICI Bank HPCL Super Saver Credit Card. As suggested by the name, the card is aimed at providing 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.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
The ICICI Bank HPCL Coral American Express Card is issued by the ICICI Bank in partnership with HPCL. This card also lets its customers save amazingly on fuel as it provides them with extra Reward Points as well as cashback on fuel purchases. Other than its fuel advantages, the card provides various benefits, which are as follows:
- Get PAYBACK Points on all your spends.
- Easy Reward redemption.
- A discount of 25% on movies.
- Exclusive discount on dining through the Culinary Treats programme.
- Spend-based annual fee waiver.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
The ICICI Bank HPCL Platinum Credit Card is also a fuel card that lets you save on all your spends, especially on fuel purchases. With this card, you get rewarded for everything you do using it. Along with exclusive Reward & cashback offers, the card provides several other benefits, some of which are as follows:
- Get Rs. 100 on your movie tickets through BookMyShow.
- Exciting discount on dining through the Culinary Treats Programme.
- Spend-based annual fee waiver.
- Redeem your earned Reward easily against fuel and other purchases.
Fees
Joining Fee
Renewal Fee
Best Suited For
Fuel
Reward Type
Reward Points
Welcome Benefits
Card Details +
The Standard Chartered Super Value Titanium Credit Card is issued by Standard Chartered Bank to provide its customers with exclusive saving offers on fuel transactions. Although the card lets you save more on fuel, it has several other benefits as well. 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.
What is a Fuel Credit Card?
A fuel credit card is just another type of credit card whose rewards & benefits are more oriented towards fuel transactions. With a fuel 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 fulfil the fuel requirements of customers and to provide them with saving benefits when they purchase fuel. The fuel credit cards help you track your expenses and spend more efficiently on fuel.
Why a Fuel Credit Card?
All of us are aware of the fact that fuel is one of the most expensive things nowadays to purchase on a daily basis. But with a fuel credit card, you can not only pay easily, but you can also save amazingly on your fuel purchases. Every time you make a fuel transaction using your credit card, you definitely save something in the form of reward/cashback. So, having a fuel card can be really beneficial for you if you travel frequently with your own vehicle or if you make fuel purchases very often.
Which 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 analyse & 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.
Benefits of Fuel Credit Cards
Although fuel credit cards are best suited for fuel purchases, these have several other advantages as well. 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.
How Do Fuel Credit Cards Work?
The fuel credit cards also work like every other credit card. To avail of the fuel benefits on the card, you need to make fuel transactions using your fuel card only. Whenever you purchase fuel, you can swipe your fuel credit card on the swiping machine of the petrol pump. Having a fuel credit card with benefits across a particular fuel brand can help you only if you are loyal to that brand. So, to avail of the maximum benefits with a fuel credit card, make sure to choose a credit card with benefits over the fuel brand you use the most.
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 analyse whether you want a regular fuel credit card or a co-branded fuel credit card. Once you have finalised this, you can follow the steps mentioned below to apply for a best fuel credit card –
- Select your preferred credit card,
- Click on the Apply Now button,
- Fill in your particulars,
- Submit your application for the credit card.
Who Are Eligible To Apply For A 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.
Factors To Consider Before Applying For A Fuel Credit Card
The prospective application should keep a few things in mind before he applies 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.
- Analyse the monthly fuel charges before getting a credit card so that you can avail 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.
Compare Popular Fuel Credit Cards
Credit Card | Joining/Renewal Fee | Rewards/Cashback on Fuel Spends | Rewards/Cashback on Other Spends |
BPCL SBI Card OCTANE | Rs. 1,499 + GST | 25 Reward Points per Rs. 100 spent at BPCL fuel stations. |
|
BPCL SBI Card | Rs. 499 + GST | 13 Reward Points per Rs. 100 spent at BPCL fuel stations |
|
ICICI Bank HPCL Platinum Credit Card | Rs. 199 + GST | 2.5% cashback on fuel purchases at HPCL pumps | 2 PAYBACK Points per Rs. 100 spent |
HPCL Bank of Baroda ENERGIE Credit Card | Rs. 499 + GST | 24 Reward Points for every Rs. 150 spent on all fuel transactions at all the HPCL fuel stations | 10 Reward Points for every Rs. 150 spent on groceries and departmental stores. 2 Reward Points for every Rs. 150 spent on all other transactions. |
ICICI Bank HPCL Super Saver Credit Card | Rs. 500 + GST |
|
|
ICICI Bank HPCL Coral American Express Credit Card | Rs. 199 + GST |
|
2 PAYBACK Points on every spend of Rs. 100. |
Standard Chartered Super Value Titanium Credit Card | Rs. 750 + GST | 5% cashback on fuel |
|
Reward Redemption
Credit Card | Reward Type | Value of 1 Reward Point |
IndianOil HDFC Bank Credit Card | Fuel Points | Re. 0.96 |
IndianOil Citi Credit Card | Turbo Points | Re. 1 (for fuel) |
IndianOil Axis Bank Credit card | Edge Reward Points | Re. 0.20 |
BPCL SBI Card OCTANE | Reward Points | Re. 0.25 |
BPCL SBI Card | Reward Points | Re. 0.25 |
ICICI Bank HPCL Super Saver Credit Card | PAYBACK Points / Cashback | Re. 0.25 |
ICICI Bank HPCL Coral American Express Credit Card | PAYBACK Points / Cashback | Re. 0.25 |
ICICI Bank HPCL Platinum Credit Card | PAYBACK Points / Cashback | Re. 0.25 |
Other Exclusive Features
Credit Card | Welcome Benefit | Lounge Access |
IndianOil Citi Credit Card | 250 Turbo Points | NA |
IndianOil Axis Bank Credit card | 100% cashback (up to Rs. 250) on fuel transactions. | NA |
BPCL SBI Card OCTANE | 6,000 bonus Reward Points | 4 complimentary domestic lounge access every calendar year. |
BPCL SBI Card | 2,000 bonus Reward Points | NA |
ICICI Bank HPCL Super Saver Credit Card | 2,000 PAYBACK Points | Complimentary domestic lounge access every quarter |
Conclusion
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 of the maximum benefit of the best fuel credit cards; it is really important to choose them wisely. Doing so can help you save a lot on your fuel spends & other transactions as well. If you are a frequent fuel buyer, you must apply for a fuel credit card that suits your requirements.
FAQs:
If you are someone who travels by road frequently and incurs lots of fuel expenses, then having a fuel credit card would be a great choice as it will help you to 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% value back (in the form of Reward Points & 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.
- HDFC Bank Bharat Credit Card – 5% monthly cashback on fuel purchases.
No, you are not entitled to any complimentary lounge access but you get a complimentary Priority Pass Membership that can be used to access airport lounges worldwide.
Through the 100% cashback offer on the IndianOil Axis Bank Credit card, you can avail of a maximum cashback of Rs. 250 within the first 60 days of the card issuance.
If you purchase fuel frequently from the BPCL pumps, you can choose either the BPCL SBI Card or the BPCL SBI Card OCTANE.
If you are someone who spends generously on fuel purchases, you should surely opt for a fuel credit card. With these credit cards, you can save significantly on your fuel transactions.
Eligibility criteria to apply for a fuel credit card differs from bank to bank. But one of the most common and generic criteria to have any kind of credit card is to have a decent credit score, i.e., above 650.
In general, SBI Credit Cards offer a fuel surcharge waiver of 1% on fuel transactions done using these credit cards.