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All of us are aware that fuel is one of the most expensive things nowadays to purchase on a daily basis. However, with a fuel credit card, you can not only pay easily but also save amazingly on your fuel purchases. Every time you make a fuel transaction using your Indian oil credit card, you definitely save something in the form of reward/cashback. Having fuel credit cards can be beneficial for you if you travel frequently with your vehicle or if you make fuel purchases very often.

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 Indian oil credit card should I choose? It is obvious that they 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, this article would be a great help to you. Keep reading to learn the answers to each of these questions and the top fuel credit cards in the market that you can apply for.

Best Fuel Credit Cards India

Table of Contents

List of Top Fuel Credit Cards 2024

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 credit cards come with higher fees, while others have a meager 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 have a list of the best fuel credit cards in India.

IndianOil Axis Bank Credit Card

(4.6/5)

Fees

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Fuel

Reward Type

Reward Points

Welcome Benefits

100% cashback (up to Rs. 250) on the first fuel transaction made within 30 days of card issuance.

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 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)

Fees

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).

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
First-power-plus

(4.7/5)

Fees

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.

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
IndianOil HDFC Bank Credit Card

(4.1/5)

Fees

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Fuel

Reward Type

Reward Points

Welcome Benefits

N/A

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 liters of free fuel every year.
  • Redeem your earned fuel points against an array of options.
  • Spend-based joining/annual fee waiver.
BPCL SBI Card Octane

(5/5)

Fees

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

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 fuel credit 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.
First-power

(4.6/5)

Fees

Joining Fee

Rs. 199 + GST

Renewal Fee

Rs. 199 + GST

Best Suited For

Fuel

Reward Type

Reward Points

Welcome Benefits

NA

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
HPCL Bank of Baroda ENERGIE Credit Card

(4.5/5)

Fees

Joining Fee

Rs. 499 + GST

Renewal Fee

Rs. 499 + GST

Best Suited For

Fuel

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.

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.
Standard Chartered Super Value Titanium Credit Card

(4.6/5)

Fees

Joining Fee

Rs. 750 + GST

Renewal Fee

Rs. 750 + GST

Best Suited For

Fuel

Reward Type

Reward Points

Welcome Benefits

Up to 1,500 cashback on fuel transactions within the first three months.

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 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.
ICICI Bank HPCL Super Saver Credit Card

(5/5)

Fees

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Fuel

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.

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.

Compare Features of Fuel Credit Cards

Credit Card Joining/Renewal Fee Rewards/Cashback on Fuel Spends Reward Point Value
Indian Oil Axis Bank RuPay Credit Card ₹500 + GST
  • 20 Reward Points per Rs. 100 on fuel transactions at IOCL stations
  • 5 Reward Points per Rs. 100 on online shopping
₹0.20
IDFC HPCL First Power Plus Credit Card ₹499 + GST
  • 24X Reward Points on HPCL Fuel & LPG
  • 30X Reward Points on Grocery & Utility
₹0.25
BPCL SBI Card ₹499 + GST
  • 13 Reward Points per ₹100 spent at BPCL fuel stations
  • 5 Reward Points per ₹100 spent on dining, movies, departmental stores, and groceries.
₹0.25
BPCL SBI Card OCTANE ₹1,499 + GST
  • 25 Reward Points per ₹100 spent at BPCL fuel stations.
  • 10 Reward Points per ₹100 spent on dining, movies, departmental stores, and groceries.
₹0.25
IDFC HPCL FIRST Power Credit Card ₹199 + GST 15X Reward Points on HPCL Fuel & LPG ₹0.25
HPCL Bank of Baroda ENERGIE Credit Card ₹499 + GST
  • 24 Reward Points for every ₹150 spent on all fuel transactions at all the HPCL fuel stations
  • 10 Reward Points for every ₹150 spent on groceries and departmental stores. 2 Reward Points for every ₹150 spent on all other transactions.
₹0.25
Standard Chartered Super Value Titanium Credit Card ₹750 + GST
  • 5% cashback on fuel
  • 5% cashback on utility/phone bills
ICICI Bank HPCL Super Saver Credit Card ₹500 + GST
  • 5% cashback on fuel purchases at HPCL pumps
  • 1.5% additional value back on using the HP Pay app
  • 20 PAYBACK Points per ₹100 spent on utility bill payments & departmental stores
₹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 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.

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 all save big on our essential purchases, so apply now. 

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.

2 Comments

  1. Rahul Reply

    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.

  2. Kajal Reply

    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

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