Top 10 Fuel Credit Cards in India : Why You Must Get One?

November 15, 2022

If there’s something that has increased every year, it is fuel prices in India. We can’t deny that automobiles are an integral fragment of modern day-to-day life, making fuel expenses inevitable. While using credit cards for fuel transactions may offer you a few rewards, they attract taxes too. But fuel credit cards, on the other hand, not only offer cashback schemes but also provide a waiver in the fuel surcharge by reducing your expenses to as much as 5%.

We have compiled a list of India’s ten best fuel credit cards based on their uses and customer ratings. 

Top Fuel Credit Cards 

There’s no surprise that leading card issuers in the country, such as SBI Card, Citibank, HDFC Bank, and ICICI Bank, top the list of the best fuel credit card providers in the country.

Given below is the list of the best credit card for fuel in India that will help you manage your fuel expenses better:

Credit Card Joining Fee Fuel Benefit
IndianOil Citibank® Platinum Credit Card ₹1,000 Up to 71 litres of free fuel every year
IndianOil HDFC Credit Card ₹500 5% of fuel spends as fuel points
ICICI Bank HPCL Coral Credit Card ₹199 2.5% cash back at HPCL fuel stations
BPCL SBI Card Octane ₹1,499 25X reward points on fuel purchases at BPCL petrol pumps
Standard Chartered Super Value Titanium Credit Card ₹750 5% cashback on fuel purchase from any petrol pump on all transactions below INR 2,000
IndianOil Axis Bank Credit Card ₹500 4% value back on fuel purchase at IOCL outlets
HDFC Bharat Cashback Credit Card ₹500 5% cashback on fuel spends
Kotak Royale Signature Credit Card ₹999 4X points on every ₹150 spent on purchases
YES First Preferred Credit Card ₹2500 1% fuel surcharge waiver on a minimum transaction of ₹500
TATA Star Titanium Credit Card ₹499 Up to 4.25% value back on fuel expenses

You Might Also Like to Read: Advantages and Disadvantages of Credit Card

Brief Analysis of Each Fuel Credit Card

To know which fuel credit card will prove to be a lucrative option for you, it’s important to be aware of their features and benefits. Below we have mentioned the attributes of each above-mentioned fuel card:

1. IndianOil Citi Credit Card

It is rated one of the best fuel credit cards in India provided by Citibank. The IndianOil Citi Credit Card users receive Turbo Points as rewards that never expire. As a user, you can redeem these points at authorised IndianOil fuel stations to avail free fuel. Besides, the Citi fuel credit card offers the following benefits to its users:

  • ₹250 worth of free fuel on the first spend.
  • Up to 20% off at over 1000 restaurants in Delhi/NCR, Chennai, Mumbai, and Bengaluru. 
  • Extra rewards on grocery shopping, making it an ideal choice for everyday purchases.
  • Zero annual card fee.
  • Save over 5% on fuel purchases at IndianOil outlets.
  • Get 4 Turbo Points for every 150 spent (2.67%).
  • Full waiver of 2.5% fuel surcharge.

Joining Fee: ₹1000

2. IndianOil HDFC Credit Card

Offered by HDFC Bank, IndiaOil HDFC Credit Card is among the top listed fuel cards in terms of use. You can earn generous ‘Fuel Points’ every month and up to 50 litres of free fuel annually. 

The following are the benefits and features of the IndianOil HDFC Credit Card: 

  • For every ₹150 spent on all other purchases, you earn 1 Fuel Point.
  • On bill payments and grocery shopping, earn 5% of your spending as Fuel Points (maximum 100 Fuel Points each month on each category).
  • Earn 5% of your spending as Fuel Points (FP) at IndianOil outlets (maximum 250 FP every month in first 6 months, maximum 150 FP after 6 months from card issuance).
  • 1% fuel surcharge waiver at every fuel station across the country (on a minimum transaction of ₹400 and a maximum cashback of ₹250 per statement cycle).
  • If you lose the card and report it instantly to their call centre within 24 hours, you will have zero liability for any fraudulent transactions made on your card.
  • Complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership.

Joining Fee: ₹500

3. ICICI Bank HPCL Coral Credit Card

ICICI Bank offers this card in association with the HP fuel stations. With ICICI Bank HPCL Coral Credit Card, you can earn Payback points and cashback on multiple spendings. 

The following are the benefits and features of the ICICI Bank HPCL Coral Credit Card:

  • Get a 2.5% cash back on the fuel purchase at an HP outlet. 
  • For every ₹100 spent, earn five Payback points.
  • On a spend of ₹500, 2,000 Payback points can be redeemed for free fuel.
  • You can save 15% on any dining outlet.
  • Complementary access to airport lounges.
  • You don’t have to pay interest for the first 48 days.
  • Get discounts on movie tickets from BookMyShow.
  • No charges for the first year.

Joining Fee: ₹199

4. BPCL SBI Card Octane  

It’s the premium version of the BPCL SBI Card and has some added advantages. You get a welcome bonus of 6,000 reward points with this card. 

Moreover, when you pay through the mobile app and website, you can receive 7.25% value back on Bharatgas online payments. 

The following are the key attributes of BPCL SBI Card Octane:

  • Welcome bonus of 6000 points is equivalent to ₹1,5000 on the payment of the annual fee.
  • For every ₹100 you spend on other retail purchases, you receive 1 reward point (except non-BPCL fuel spends & mobile wallet upload).
  • You receive 25 reward points for every ₹ 100 spent on BPCL Lubricants, Fuel & Bharat Gas (app and website only).
  • For every ₹100 spent at departmental stores, dining, movies, and grocery, you get 10 reward points.
  • The card offers a complimentary fraud liability protection of ₹ 1 lakh.
  • Every year, you get four complimentary visits to domestic VISA lounges in India. 
  • On every transaction of up to ₹4,000, the card offers a 6.25% + 1% fuel surcharge waiver (applies to all BPCL petrol pumps in India).

Joining Fee: ₹1499

5. Standard Chartered Super Value Titanium Credit Card

Another best fuel credit card in terms of use and reward points offerings is Standard Chartered Super Value Titanium Credit Card. Transact across any outlet and get reward points and cashback on your spending. For every ₹150 spent on the fuel purchase, you will get a 5% cashback or one reward point. One point is equivalent to ₹1 worth of fuel. 

Following are the main attributes of this fuel credit card:

  • On a fuel purchase from any IndianOil outlet, you can waive a 2.5% surcharge. 
  • 5% cashback on bill payments.
  • On transactions done overseas, you will receive 5X points. This applies only to premium banking members.
  • 5% cashback on utility bills.
  • Priority pass available in more than 1,000 airports across the world. Plus, you get 1 free access every month. 
  • Earn excellent rewards on your Standard Chartered credit card payments through CRED.
  • If you make transactions of over ₹90,000 in a year, your annual fees on the card will be waived.

Joining Fee: ₹750

6. IndianOil Axis Bank Credit Card

With a minimum joining fee of ₹500, individuals seeking to avail of benefits on fuel transactions can purchase IndianOil Axis Bank Credit Card. The card offers welcome benefits, a fuel surcharge waiver, accelerated rewards, and discounts on movie tickets and online shopping. Since Axis Bank provides this card in collaboration with Indian Oil, you can get maximum benefits only when transacting at Indian Oil outlets. 

Following are the key benefits of the IndiaOil Axis Bank Credit Card:

  • Within the first 30 days of the card purchase, you earn 100% up to ₹250 on all fuel transactions. 
  • On online shopping, enjoy the benefit of 1% value back by earning 5 reward points for every ₹100 spent.
  • 4% value back on fuel transactions: For every ₹100 you spend at any IOCL fuel outlet, earn 20 reward points.
  • Fuel surcharge waiver of 1%.
  • If you spend over ₹50,000 on the card, you qualify for an annual fee waiver.
  • If you book movie tickets through the BookMyShow website or app, you will get an instant discount of up to 10%.
  • Earn EDGE REWARD loyalty points: Get 1 point on every ₹100 you spend with your credit card. 
  • Avail up to 20% dining discount by dining at IndianOil Axis Credit Card partner restaurants in India.

Joining Fee: ₹500

7. HDFC Bharat Cashback Credit Card

As the name suggests, HDFC Bharat Cashback Credit Card rewards its users with cashback for every transaction. The eligibility criteria for obtaining this credit card is quite simple; hence, it is well-suited for first-time users. You can earn various cashback on your everyday spending using this credit card. 

Following are the additional benefits of using the HDFC Bharat Cashback Credit Card:

  • Avail 5% monthly cashback on train tickets through the IRCTC website or app. 
  • Enjoy a 1% surcharge waiver, on a minimum transaction of ₹400, and save up to ₹250 in every billing cycle.
  • Save money with 5% monthly cashback on fuel transactions.
  • Use HDFC Bank Bharat Credit Card for annual savings of up to ₹ 3,600. 
  • Get a 5% monthly cashback on mobile recharges and bill payments using Bharat Credit Card.

Joining Fee: ₹500

8. Kotak Royale Signature Credit Card

One of the best aspects of using this card is that you can use it at any fuel outlet to avail of benefits. The card helps you make the most of your shopping and travel expenses by rewarding you for the transaction done. You can use the accumulated reward points later by redeeming them against merchandise, mobile recharge, air ticket, and more. 

Below are the additional benefits and features of the Kotak Royale Signature Credit Card:

  • Receive 30,000 bonus reward points on a spend of ₹8 lakh in a year.
  • Get 10,000 bonus reward points on a spend of ₹ 4 lakh in a year.
  • Fuel surcharge waiver
  • 4 reward points per Rs. 150 on travel & tour agencies, package tour operators, hotels, airlines & air carriers, restaurants and international spends
  • 2 reward points per Rs. 150 spent on all other categories
  • Lounge access: Get two complimentary visits to Dream Folks lounges every quarter in India. 
  • Railway surcharge waiver: Book tickets through the IRCTC counter or website and receive a railway surcharge waiver. A maximum waiver of ₹500 is allowed in a year. 
  • Fuel surcharge waiver: On a fuel transaction of ₹500 to ₹3000, you will get a fuel surcharge waiver. The maximum surcharge waiver is restricted to ₹3,500 per year.

Joining Fee: ₹999

9. YES First Preferred Credit Card

Offered by YES Bank, the card lets you earn four points for every  100 spent on fuel purchases at any petrol outlet. You can redeem these points for privileges, special gifts, and discounts. Moreover, if you spend a minimum of ₹500, you get a 1% fuel surcharge waiver. In short, it could be the best credit card for fuel purchases.

Below are some benefits YES First Preferred credit card offers:

  • 25% discount on movie tickets booked through BookMyShow.
  • If you have spent over ₹7.5 lakhs, you will get 20,000 bonus points. 
  • On the card renewal, you receive 10,000 bonus points.
  • For every ₹100 you spend on airline or travel bookings, you get eight reward points.
  • You can access domestic lounges at Indian airports. You get three visits for every quarter. 
  • An APR (Annual Percentage Rate) of 42% or 3.5% per month.
  • If you hold a primary card membership, you get four priority visits per quarter across all Indian airports.
  • Get 1000 bonus points for setting up each automatic-bill payment.
  • You receive 15,000 points as a signup bonus on the transaction made within the first 90 days. 
  • For hospital emergencies overseas, you will get medical insurance of ₹25 lakh. 
  • In-flight accidents, death insurance of ₹1 crore is offered.
  • Several reward points on credit card payments through CRED.

Joining Fee: ₹2500

10. TATA Star Titanium Credit Card

Last but not least, the TATA Group has also issued fuel credit cards for customers in India. TATA Star Titanium credit card earns one point per ₹100 you spend on purchases. Furthermore, on a minimum transaction of ₹500, you will get a surcharge waiver of 1%. 

One point earned on the card is equal to ₹1 TATA voucher. You can redeem these vouchers for discounts and offers from TATA partners. 

Below are some additional benefits of the TATA Titanium Credit Card:

  • For every purchase made at TATA outlets with the TATA Star Titanium credit card, you will get 5% cashback. 
  • You earn three points on every ₹100 you spend online shopping and groceries. 
  • On a spend of over ₹1 lakh, the annual fees on the card will be waived. 
  • APR of 40.2% or 3.35% per month applicable.

Joining Fee: ₹500

How to Apply for a Fuel Credit Card?

Choose the best fuel credit card from the above-mentioned or others based on your requirements and use. Then, visit the nearest bank branch from which you want to avail of the credit card. You can also choose an online mode to apply for a credit card. 

If you are applying online, download the fuel credit card application from the website. Else, the bank will provide you with the application form. Fill it out and submit it along with the documents required and save a huge amount of money on fuel expenses. 

Who is Eligible?

Applicants must meet the following criteria to obtain a fuel credit card in India:

  • They must have attained an age of 18 years.
  • The individual must have a fixed source of income, either through salary or self-employment.
  • The applicant must meet the income criteria set by the bank.
  • A high credit score of preferably 750 or more is mandatory.
  • Also, the applicant has to be an Indian citizen. 

How to Choose the Best Fuel Credit Card?

It would help if you mulled over certain factors before getting a credit card. They are as follows:

Fees and Charges: As you might have noticed, the fees and charges for all credit cards differ. While choosing one, you must evaluate the charges and fees applicable. You must assess it well, keeping the benefits and discounts that come with the card. Sometimes, people take cards with lower joining fees and miss out on various benefits. Whatever you choose, ensure it serves your purpose well.  

Fuel Spending Pattern: Getting a fuel credit card will only help when you plan your monthly budget. You must analyse your spending and decide how much you should spend on fuel. It is crucial to decide on the same, or the card will not serve the purpose. 

Check the Redemption Process of the Card: Before you finalise a fuel credit card, you must check its redemption process, meaning you must know how and where you can redeem the reward points and cashback. Is the process feasible for you? It would help if you opted for cards offering instant redemption of points. 

Credit Card Payment Pattern: The most crucial factor to consider while selecting the best petrol credit card is determining the payment pattern. You must seek a card that renders fuel benefits and the best interest rates.

What are the Benefits & Features of a Fuel Credit Card?

Various banks and financial institutions provide credit cards, but each offers different benefits. Besides reducing fuel purchasing expenses, other benefits of using a fuel credit card are as follows:

  • Get Reward Points
  • Eligible for Surcharge Waiver
  • Eligible for Turbo Points
  • Eligible for Cashback
  • Waiver of Annual Fees
  • Dining offers
  • BookMyShow Offer
  • Can make utility bill payments
  • Redemption of points earned
  • Concierge Service
  • Eligible for Telecom benefits

Should You Get a Fuel Credit Card?

A fuel credit card could be highly beneficial if you drive a car or a bike. As mentioned above, fuel credit cards help you save money while paying at the petrol pump and offer various rewards and points that can be utilised for booking movie tickets, utility bill payments, and more. In a nutshell, a fuel credit card may help you make a corpus by letting you save money on fuel and through various cashback.

Fuel Credit Cards : Frequently Asked Questions (FAQs)

Is it better to have a fuel card or a credit card?

Both fuel and credit cards have different purposes. While credit cards let you shop and buy anything, you can use fuel cards only for purchasing fuel, lubricants, oil, car washes, and other vehicle-related shopping. Plus, fuel cards may waive up to 5% of the fuel cost and offer various cashback.

Is fuel cheaper with a fuel credit card?

Yes, a fuel credit card is comparatively cheaper to buy fuel than a credit card.

Are there any charges for using a fuel credit card at a petrol pump?

Yes, you have to pay a 1% fuel surcharge waiver and service tax on every transaction done through the credit card on petrol pumps.

Do I get taxed on a fuel credit card?

No, you won’t be taxed on a fuel credit card.

Looking for something more?

Category:CIBIL Score

You may like these posts

Need Loan Assistance?

please enter your name
+91

Verified

please enter your vaild phone number please verify your phone number Otp resend Sucessfully

Resend OTP

please enter your otp please enter valid otp
Please Select City
Please Select Loan Type
score

Get Best Offers

please enter your name
+91

Verified

please enter your vaild phone number please verify your phone number Otp resend Sucessfully

Resend OTP

please enter your otp please enter valid otp
Please Select City
Please Select Loan Type

Need Loan Assistance?