By Ankur Mittal
Updated On September 8, 2022

You would 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 to 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.

Best Fuel Credit Cards India

List of Best Fuel Credit Cards in India 2022

Almost all the major card issuers offer credit cards with fuel benefits and finding out the best ones of them 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 best fuel credit cards in India

Table of Contents

Top Indian Oil Fuel Credit Cards

IndianOil HDFC Bank Credit Card

Welcome Benefits

N/A

Rewards Rate

5% of spends as Fuel Points at IndianOil outlets, groceries, and bill payments, 1 Fuel Point on every Rs. 150 spent on all other purchases, reward rate of up to 4.8%

Joining Fees

Rs 500 (plus applicable taxes)

The IndianOil HDFC bank Credit card is a con-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.

Click here to read more about the card.

IndianOil Citi Credit Card

Welcome Benefits

250 Turbo Points on card activation

Rewards Rate

1 Turbo Point for every Rs. 150 spent, 2 Turbo Points for every Rs. 150 spent at supermarkets, and 4 Turbo Points on every time you spend Rs. 150 on fuel.

Joining Fees

Rs. 1,000 (plus applicable taxes)

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. 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.
  • 24*7 customer helpline.

Click here to read more about the card.

IndianOil Axis Bank Credit Card

Welcome Benefits

100% cashback (up to Rs. 250) on all fuel transactions made within 30 days of card issuance.

Rewards Rate

20 Reward Points per Rs. 100 on fuel transactions at IOCL stations, 5 Reward Points per Rs. 100 on online shopping and 1 EDGE Point per Rs. 100 on all other spends with the card

Joining Fees

Rs. 500 (plus applicable taxes)

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 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 10% discount on movies through BookMyShow.
  • Up to 20% discount on dining bills through the Axis Bank Dining Delights programme.
  • Spend-based annual fee waiver.

Click here to read more about the card.

Top BPCL Fuel Credit Cards

BPCL SBI Card Octane

Welcome Benefits

6,000 bonus RPs as a joining benefit, and every year the membership is renewed (provided the annual fee is paid).

Rewards Rate

25 reward points for every Rs. 100 spends at BPCL fuel stations (reward rate = 6.25%), 10 RPs for every Rs. 100 spends on groceries, departmental stores, and movie ticket purchases (reward rate = 2.5%), and 1 reward point for every Rs. 100 spent for all other expenditures (reward rate = 0.25%) except mobile wallet uploads and fuel purchases at non-BPCL stations.

Joining Fees

Rs. 1,499 (plus applicable taxes)

The BPCL SBI Card OCTANE launched by the SBI Card in collaboration with the 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.

Click here to read more about the card.

BPCL SBI Credit Card

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).

Rewards Rate

1 Reward Point per Rs. 100 (reward rate = 0.25%), 5x RPs on dining, movies, departmental stores, and groceries (reward rate = 1.25%), 13X RPs at BPCL pumps (reward rate = 3.25%)

Joining Fees

Rs. 499 (plus applicable taxes)

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 as 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.

Click here to read more about the card.

Top HPCL Fuel Credit Cards

HPCL Bank of Baroda ENERGIE Credit Card

Welcome Benefits

On spending Rs. 5,000 or more first 60 days after paying the joining fee, you get 2,000 Bonus RPs.

Rewards Rate

Get 24 Reward Points per Rs. 150 spent on fuel transactions at all the HPCL fuel stations.
10 Reward Points per Rs. 150 spent on groceries and departmental spends.
2 Reward Points per Rs150 spent on other categories.

Joining Fees

Rs. 499 (plus applicable taxes)

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. 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.
ICICI Bank HPCL Super Saver Credit Card

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.

Rewards Rate

4% cashback on fuel spends at HPCL pumps, 5% cashback as RPs on departmental store spends & utility purchases, 2 Reward points per Rs. 100 spent for all other domestic and international transactions.

Joining Fees

Rs. 500 (plus GST)

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 ICICI Bank Culinary Treats Programme, you will get exclusive discounts on your dining bills while dining at the partnered restaurants.

Click here to read more about the card.

ICICI Bank HPCL Coral American Express Credit Card

Welcome Benefits

N/A

Rewards Rate

2 Reward Points per Rs. 100 on all retail spends with the card, 3X (6) Reward Points on fuel transactions at HPCL filling stations, 2.5% cashback up to Rs.100 on fuel purchases at HPCL pumps.

Joining Fees

Rs. 199 (plus applicable taxes)

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.

Click here to read more about the card.

ICICI Bank HPCL Platinum Credit Card

Welcome Benefits

N/A

Rewards Rate

2 Reward Points per Rs. 100 you spend with the card

Joining Fees

Rs. 199 (plus applicable taxes)

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.

Click here to read more about the card.

Other Fuel Credit Cards

Standard Chartered Super Value Titanium Credit Card

Welcome Benefits

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

Rewards Rate

You get up to 5% cashback on fuel purchases, utility bills payments, telephone bills and 1 RP on every Rs 150 spent on other categories

Joining Fees

Rs. 750 plus applicable taxes
Nil (for premium banking customers)

The Standard Chartered Super Value Titanium Credit Card is issued by the 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.

Click here to read more about the card.

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 fulfill 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 as every time you make a fuel transaction using your fuel 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 a 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.

Benefits of Fuel Credit Cards

Although the 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 credit card with benefits over the fuel brand you use the most.

How To Apply For Fuel Credit Cards?

The process to apply for a fuel credit card is just 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 as under to apply for a fuel credit card –

Step 1: Go to the official website of the bank of which you would like to apply for a credit card.

Step 2: Go to the ‘Credit Cards’ Tab.

Step 3: Click on the credit card you want to apply under the Fuel category.

Step 4: Fill in all the required details and attach the necessary documents.

Step 5: Hit on the ‘Submit’ button.

Who Are Eligible To Apply For A Fuel Credit Card?

Following are the criteria that an applicant needs to meet before applying for a 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.
  • Analyze 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.

Rewards

Credit Card Rewards/Cashback on fuel spends Rewards/Cashback on other spends
BPCL SBI Card OCTANE 25 Reward Points per Rs. 100 spent at BPCL fuel stations. 10 Reward Points per Rs. 100 spent on dining, movies, departmental stores, and groceries.
1 Reward Points per Rs. 100 spent elsewhere.
BPCL SBI Card 13 Reward Points per Rs. 100 spent at BPCL fuel stations 5 Reward Points per Rs. 100 spent on dining, movies, departmental stores, and groceries.
1 Reward Points on every other spend of Rs. 100.
ICICI Bank HPCL Platinum Credit Card 2.5% cashback on fuel purchases at HPCL pumps 2 PAYBACK Points per Rs. 100 spent
ICICI Bank HPCL Platinum Credit Card 2.5% cashback on fuel purchases at HPCL pumps 2 PAYBACK Points per Rs. 100 spent
ICICI Bank HPCL Platinum Credit Card 2.5% cashback on fuel purchases at HPCL pumps 2 PAYBACK Points per Rs. 100 spent
HPCL Bank of Baroda ENERGIE Credit Card 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 5% cashback on fuel purchases at HPCL pumps
1.5% additional value back on using the HP Pay app
20 PAYBACK Points per Rs. 100 spent on utility bill payments & departmental stores
2 PAYBACK Points on every other spend of Rs. 100
ICICI Bank HPCL Coral American Express Credit Card 2.5% cashback on fuel transactions at HPCL pumps
6 PAYBACK Points on every Rs. 100 spent at HPCL pumps
2 PAYBACK Points on every spend of Rs. 100.
ICICI Bank HPCL Platinum Credit Card 2.5% cashback on fuel purchases at HPCL pumps 2 PAYBACK Points per Rs. 100 spent
Standard Chartered Super Value Titanium Credit Card 5% cashback on fuel 5% cashback on utility/phone bills
1 Reward Point on every Rs. 150 you spend

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
Standard Chartered Super Value Titanium Credit Card Cashback / Reward Points

Joining & Annual Fee

Credit Card Joining Fee Annual Fee
IndianOil HDFC Bank Credit Card Rs. 500 Rs. 500
IndianOil Citi Credit Card Nil Rs. 1,000
IndianOil Axis Bank Credit card Rs. 500 Rs. 500
BPCL SBI Card OCTANE Rs. 1,499 Rs. 1,499
BPCL SBI Card Rs. 499 Rs. 499
ICICI Bank HPCL Super Saver Credit Card Rs. 500 Rs. 500
ICICI Bank HPCL Coral American Express Credit Card Rs. 199 Rs. 199
ICICI Bank HPCL Platinum Credit Card Rs. 199 Rs. 199
Standard Chartered Super Value Titanium Credit Card Rs. 750 Rs. 750

Other Exclusive Features

Credit Card Welcome Benefit Lounge Access
IndianOil HDFC Bank Credit Card NA NA
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
ICICI Bank HPCL Coral American Express Credit Card NA NA
ICICI Bank HPCL Platinum Credit Card NA NA
Standard Chartered Super Value Titanium Credit Card 100% cashback on fuel transactions within the first 90 days. NA

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 as to avail of the maximum benefit out of the 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.

The IndianOil Citi Credit Card comes with no joining fee, but an annual fee of Rs. 1,000.

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.

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