Fuel credit cards are especially designed for those who spend a substantial amount on refueling their vehicles. Credit card companies tie up with oil retailers, such as Bharat Petroleum Corporation Limited, Indian Oil Corporation, and Hindustan Petroleum Corporation to offer reward points and privileges if you choose the partner firm for refueling your vehicle.
See also: Best hotel credit cards to choose from
Best fuel credit cards in India in 2023
HPCL-IDFC FIRST Bank Credit Card
Fee
Joining fee: Rs 199
Annual fee: Rs 199, waived off on crossing Rs 50,000 spends in the previous anniversary year
Features
- Up to 5% savings on your fuel expenses of up to Rs 5,000 every month
- 2.5% savings as rewards on HPCL fuel and LPG
- 1.5% savings as payback rewards through HP Pay App
- 1% savings as fuel surcharge waiver
- 2.5% savings as rewards on grocery & utility expenses of up to Rs 4,000 every month
- 2.5% savings as rewards on IDFC FIRST FASTag recharge of up to Rs 2,000 every month
- 2X rewards on other retail transactions
Bank of Baroda Prime Credit Card
Joining fee
First year: Nil
Annual fee: Nil
Features
- Guaranteed issuance against fixed deposit of Rs 15,000 or more without any income proof
- Earn one reward point for every Rs 100 spent on select MCCs
- Earn two reward points for every Rs 100 spent on all other MCCs
- 1% fuel surcharge waived for all fuel transactions between Rs 400 and Rs 5,000 (maximum waiver of Rs 250 per month)
- No reward point is earned on fuel transactions
- Redeem your reward points as cashback and other exciting options
- Convert purchase of Rs 2,500 on your card into easy EMIs of 6/36 months
- Get up to three lifetime free add-on cards for your spouse, parents, siblings, or children above 18 years
- Avail up to 50 days of interest free credit from the date of any purchase
- Free personal accidental death cover
- Zero liability on lost card
- Report loss of card immediately to ensure zero liability on any fraudulent transactions
See also: Why rent payment with credit card makes perfect sense?
BPCL SBI Card
Fee
Joining fee: Rs 499
Renewal fee per year: Rs 499
Features
- Rs 2,000 activation bonus reward points worth Rs 500 on payment of joining fee
- Reward points will be credited after 20 days of the payment of the joining fee and the same can be redeemed instantly against fuel purchase at BPCL outlets or at Shop n Smile rewards catalogue
- 25% value back: 13X reward points on fuel purchase at BPCL petrol pumps. Maximum 1,300 reward points per billing cycle
- 25%+1% fuel surcharge waiver on every BPCL transaction of up to Rs 4,000, exclusive of GST and other charges
- 5X reward points on every Rs 100 spent on groceries, departmental stores, movies, and dining (up to 5,000 reward points per month)
- One reward point for every Rs 100 spent on non-fuel retail purchases
- 25% value back: 13X* reward points equivalent to 3.25%+1% fuel surcharge waiver on every transaction of up to Rs 4,000, exclusive of GST and other charges), at any BPCL petrol pump
- Maximum surcharge waiver of Rs 100 in a billing cycle, equivalent to an annual saving of Rs 1,200
HDFC Bharat CashBack Credit Card
Fee
Joining fee: Rs 500
Renewal membership fee: Rs 500
Features
- 5% monthly cashback when you book tickets through IRCTC
- 5% monthly cashback on fuel expenses
- 1% surcharge waiver; saving of up to Rs 250 in every billing cycle
- 5% monthly cashback on spends on groceries
- 5% monthly cashback on bill payment and mobile recharge
- 5% monthly cashback on spending on PayZapp/EasyEMI/SmartBUY
Indian Oil Axis Bank Credit Card
Fee
Joining fee: Rs 500
Annual fee: First year nil
Second year onwards: Rs 500
Features
- 1% value back by receiving five reward points on every Rs 100 spent on e-commerce shopping
- 100% cashback up to Rs 250 on all fuel transactions to be used within 30 days of card issuance
- 4% value back on fuel transactions
- 20 reward points on every Rs 100 spent at any IOCL outlet (applicable to fuel transactions from Rs 100 to Rs 5,000 per month)
- 1% fuel surcharge waiver for all transactions amounting between Rs 200 and Rs 5,000 per month
- 1% value back on all purchases in terms of accelerated reward points
- For every Rs 100 spent, you will receive five reward points on your credit card
- Minimum purchase amount to avail the accelerated reward points is Rs 100 and the maximum is Rs 5,000
- Annual fee waiver on spending Rs 50,000 in a year
- With every Rs 100 spent on the card, you will receive one EDGE reward point
- Discount of up to 15% on dining at partner restaurants of Axis Bank
- Instant discount on movie tickets booked on BookMyShow
Indian Oil Kotak Credit Card
Fee
Joining fee: Rs 449
Annual fee: Rs 449
Features
- Annual fee waived on spending Rs 50,000 in the previous anniversary year
- 4% as reward points on Indian Oil fuel spends. Earn 24 reward points on every Rs 150 spent, capped at 1,200 reward points per statement cycle
- 2% back as reward points on grocery and dining spends
- 12 reward points on every Rs 150 spent, capped at 800 points per statement cycle
- 5% back as reward points on all other spendings
- Three reward points on every Rs 150 spend
- 1,000 points as welcome benefit on spending Rs 500 within 30 days of card issuance
- 1% fuel surcharge waiver on transactions between Rs 100 and Rs 5,000 with maximum surcharge waiver of Rs 100 per statement cycle only at Indian Oil outlets
- Personal accident insurance cover of Rs 2,00,000
BPCL SBI Octane Credit Card
Fee
Joining fee: Rs 1,499
Annual fee: Rs 1,499
Next year waiver on annual spends of Rs 2 lakh
Features
- 7.25% value back 25X points on fuel purchases at BPCL petrol pumps; maximum 2,500 Points per billing cycle
- 6.25% + 1% fuel surcharge waiver on every BPCL transaction upto Rs 4,000
- 6,000 bonus reward points equivalent to Rs 1,500 on payment of annual fee
- 25 reward Points on every Rs 100 spent at BPCL Fuel, Lubricants & Bharat Gas (Website and app only) spends
- 10 points on every Rs 100 spent at dining, departmental stores, grocery & movies (Up to 7,500 points per month)
- 4 complimentary visits per calendar year to domestic VISA lounges in India (1 visit per quarter)
- Vouchers worth Rs 2,000 from Aditya Birla Fashion Or Yatra Or Bata/Hush Puppies on annual spends of Rs 3 lakh
- Complimentary fraud liability cover of Rs 1 lakh
ICICI Bank HPCL Super Saver Credit Card
Fee
Joining fee: Rs 500
Annual fee: Rs 500
Annual fee waiver on annual spending of Rs 1.5 lakh
Features
- 5% cashback on fuel purchases at any HPCL fuel pump using the HP Pay app
- Aditional 1.5% back in reward points on all fuel purchases through the HP Pay app at HPCL outlets
- 5% back on spends across mobile bills, electricity bills and departmental store purchases
- 2 ICICI Bank reward points on every Rs 100 spent on all retail purchases
- 24×7 road-side assistance
FAQs
How do fuel credit cards work?
Fuel credit cards work on the reward model. This allows users to earn reward points every time they refuel their vehicles. You can later redeem the accumulated points to get a certain quantity of fuel for free.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |