As fuel prices keep going up, many people want credit cards that can help them spend less on fuel. Most cards give you a limited fuel surcharge waiver each month, but some cards are made just for fuel savings. These cards offer benefits like cashback, extra reward points, and special deals with fuel companies. The Top fuel credit cards in India are from big issuers like SBI Card, HDFC Bank, and Axis Bank.
Check out these Top fuel credit cards in India that will help you save on your fuel costs:
| Credit Card | Annual Fee | Fuel Benefit |
|---|---|---|
| BPCL SBI Card Octane | Rs. 1,499 | 25X reward points on fuel purchases at BPCL petrol pumps |
| IndianOil HDFC Credit Card | Rs. 500 | 5% of fuel spends as fuel points |
| ICICI HPCL Coral Credit Card | Rs. 199 | 2.5% cashback at HPCL fuel stations |
| HPCL IDFC FIRST Power+ Credit Card | Rs. 499 | Up to 6.5% savings on fuel expenses |
| IndianOil Kotak Credit Card | Rs. 449 | Up to 5% savings on fuel expenses at IndianOil |
| ICICI HPCL Super Saver Credit Card | Rs. 500 | 4% cashback on all fuel spends at HPCL fuel pumps |
| IndianOil Axis Bank Credit Card | Rs. 500 | 4% value back on fuel purchase at IOCL outlets |
| HDFC Bharat Cashback Credit Card | Rs. 500 | 5% cashback on fuel spends |
BPCL SBI Card Octane stands out as the enhanced version of the regular BPCL SBI Card, offering extra benefits. Enjoy a substantial 7.25% value back on Bharatgas online payments made via the website or mobile app. Plus, kickstart your experience with a generous welcome bonus of 6,000 reward points. Here are some key features of this card:
The IndianOil Axis Bank Credit Card offers favorable returns on both fuel and other online expenditures. With a solid 4% return on fuel expenses in the form of EDGE rewards, it's a valuable card. This card is particularly beneficial for individuals with monthly fuel spends ranging from Rs. 4,000 to Rs. 5,000, as it also comes with an annual fee waiver. Here are some of the card's advantages:
The BPCL SBI Card Octane stands out as a premium upgrade to the regular BPCL SBI Card, offering added benefits. With this card, you enjoy a significant 7.25% value back on Bharatgas online payments made through the website and mobile app. Plus, kickstart your experience with a welcome bonus of 6,000 reward points. Here are some key features of this card:
The HDFC Bharat Cashback Credit Card is an ideal choice for beginners, especially those looking for cashback on fuel. With a generous 5% cashback, this card covers fuel expenses, railway ticket bookings, groceries, bill payments, mobile recharges, and spending on PayZapp, EasyEMI, and SmartBUY. Users can potentially save up to Rs. 3,600 annually with this credit card. Here are some key features and benefits of this credit card:
The IndianOil HDFC Bank Credit Card is designed mainly for users in non-metro cities and towns across India. Available in both Visa and RuPay versions, this card lets you earn 'fuel points' on all types of expenses. These points can be redeemed for free fuel at IndianOil fuel stations, allowing you to earn up to 50 litres of free fuel annually. Here are some key benefits of this credit card:
The ICICI Bank HPCL Coral Credit Card helps you save up to 3.5% on fuel costs and offers decent reward points for other eligible expenses. Additionally, you can use the accumulated reward points to redeem fuel at any HPCL petrol pump. This card provides a 2.5% cashback on fuel purchases at HPCL pumps, making it a suitable choice for loyal HPCL customers seeking a Fuel credit card with a low annual fee. Here are some additional details about this credit card:
The HPCL IDFC FIRST Power+ Credit Card is a co-branded Fuel credit card that offers substantial value back on fuel expenses at HPCL Petrol Pumps, providing up to 6.5% value back. In addition to fuel, this credit card also offers a decent value back on other categories such as groceries and utility expenses. If you prefer not to pay an annual fee of Rs. 500, you can also explore the option of applying for the lower variant of this card, The HPCL IDFC First Power Credit Card. Here are some key features and benefits of the Power+ Credit Card:
The IndianOil Kotak Credit Card is a basic credit card with fuel benefits specifically designed for transactions at IndianOil outlets. It provides a 5% value back through reward points and a fuel surcharge waiver at all IndianOil outlets. Additionally, the card offers a 2% value back on grocery and dining expenses, which are crucial categories for everyday spending. This card is ideal for individuals who primarily use IndianOil for fuel and find that fuel transactions make up a significant portion of their expenses.
Fuel credit cards from various issuers come with different benefits. Some provide direct discounts on fuel transactions, while others offer value back through rewards on your fuel expenses. Here are some common benefits associated with fuel credit cards:
Fuel credit cards frequently provide elevated rewards or cashback specifically for your fuel transactions at affiliated fuel outlets. The reward points accumulated from fuel purchases can be redeemed for various options, including free fuel, cashback, gift vouchers, and more. Some cards even offer bonus rewards for fuel purchases at specific outlets. Moreover, you can also enjoy discounts through value back or cashback on your fuel transactions.
Redemption OptionsYou can boost your savings by redeeming reward points with Fuel credit cards. These cards not only give you extra rewards for your fuel spending but also let you use the accumulated points to get free fuel in the future. For example, with the IndianOil HDFC Credit Card, you can earn and redeem reward points to get up to 50 litres of free fuel every year.
Co-branded BenefitsMany Fuel credit cards are co-branded, meaning they provide enhanced benefits specifically at partnered brands. For example, the BPCL SBI Card Octane offers a value back of up to 7.25% for purchases at BPCL outlets. Therefore, it's essential to choose a credit card that provides higher rewards or cashback at the fuel stations you frequently use.
Complimentary BenefitsIn addition to fundamental benefits, certain cards also provide complimentary perks such as memberships, bonus rewards upon reaching spending milestones, and more. For example, the IndianOil HDFC Credit Card includes a free IndianOil XTRAREWARDSTM Program (IXRP) membership, enabling you to further maximize your savings at IndianOil outlets.
To apply for a Fuel credit card, you can either visit the nearest branch of the respective card issuer or apply online through the official website. Keep in mind that the eligibility criteria for fuel credit cards differ among issuers, so it's essential to check these criteria before applying to avoid potential rejection. Additionally, you will need to submit relevant documents, including income proof and age proof, along with a duly filled application form to complete the card application process.
Right now, MybankingTips is helping people find popular fuel credit cards such as IndianOil HDFC Credit Card, IndianOil Kotak Credit Card, and IndianOil Axis Bank Credit Card. You can apply for a Fuel credit card through MybankingTips based on your eligibility by clicking here.
Here are a few factors you should consider when choosing a Fuel credit card:
When choosing a fuel credit card, it's important to consider the co-branded benefits the card offers. For example, if you often visit HPCL petrol pumps, it's wise to choose a card that provides higher benefits specifically for your fuel transactions at HPCL outlets, rather than a card with similar benefits across all petrol pumps. Always look for a card that aligns best with your specific requirements.
Additional DiscountTypically, credit cards provide discounts across different categories, but it's crucial to find a card that maximizes your savings on fuel transactions. Certain cards offer extra discounts specifically at partnered fuel brands. Some credit cards provide additional discounts when you reach a particular spending milestone, while others offer extra benefits for a limited time at affiliated petrol pumps. Therefore, before selecting a credit card, carefully review all the terms and conditions to optimize your benefits.
Higher Rewards/ CashbackFuel credit cards provide valuable returns on your transactions through cashback or reward points. Therefore, it's wise to choose a credit card that offers higher rewards or cashback specifically on fuel transactions. For example, the IndianOil Axis Bank Credit Card provides a 1% value back for online transactions, but when it comes to fuel expenses, it offers a higher 4% value back, surpassing rewards in other categories. Hence, prioritize a credit card that gives better rewards for fuel expenses.
Fuel Surcharge WaiverThe fuel surcharge is an extra fee applied to your fuel transactions at petrol pumps. Fuel credit cards offer a way to avoid this surcharge by providing a fuel surcharge waiver on your transactions. This is a standard benefit offered by many credit cards. Therefore, if you infrequently make fuel transactions and are seeking a way to save on these expenses, consider getting a card that offers a fuel surcharge waiver.
No doubt, Fuel credit cards can save you a lot on fuel expenses, but selecting the right credit card is key to maximizing these benefits. Here are a few simple things to consider:
Before picking a credit card, it's crucial to understand your needs. For example, if you commute daily and prefer IndianOil over HPCL, it's better to choose a credit card that gives more benefits on IndianOil fuel transactions. Identifying your needs and spending habits is essential for making an informed decision.
Determine your payment capacityEach credit card comes with its own set of fees and charges. To find the right credit card, it's essential to consider how much you are willing to pay. Most credit cards have a joining or annual fee. Before deciding on a credit card, evaluate whether the fees charged by the issuer are justified by the benefits offered. If the benefits don't match up, it might not be worth applying for that particular credit card.
Compare multiple optionsChoosing the right credit card requires comparing multiple options to ensure you get the best deal. When comparing credit cards, consider fuel benefits, annual fees, rewards programs, and more to make an informed decision. It's possible that other credit cards provide better benefits for your fuel transactions at a similar annual fee. After comparing multiple cards, apply for the one that best suits your lifestyle.
If HPCL is your preferred fuel outlet, you can consider applying for credit cards such as ICICI HPCL Super Saver Credit Card, ICICI HPCL Coral Credit Card, or HPCL IDFC First Power+ Credit Card. These cards offer up to 6.5% savings on your fuel expenses through rewards or cashback. Keep in mind that these credit cards come with an annual fee, so it's essential to assess the overall value of the card before making a decision.
Many fuel credit cards are co-branded and provide benefits specific to the partnered brand. These cards offer discounts on fuel expenses, cashback, or rewards for transactions. Additionally, you can redeem earned rewards for future fuel purchases, essentially getting free fuel. Alongside these perks, Fuel credit cards often include complimentary benefits such as exclusive memberships and bonus rewards.
If you commute daily and fuel expenses make up a significant part of your monthly spending, having a fuel credit card is essential. Certain fuel cards provide value back through cashback or rewards, while others offer direct discounts. With the right card, you can save on your current fuel expenses and also earn additional benefits such as bonus rewards, allowing you to get free fuel each year.
While many card issuers provide lifetime free credit cards, which can help you save on fuel surcharge, some fuel credit cards come with an annual fee as low as Rs. 199. Before applying for any Fuel credit card, it's crucial to analyze your spending patterns and choose the card that aligns best with your monthly expenses.
Presently, BPCL SBI Card Octane stands out as one of The Top Fuel credit cards in the market, especially if you're a loyal customer of BPCL. With this card, you can earn 25X rewards on your fuel expenses, providing a value back of up to 7.25%. Alternatively, you can consider applying for other Fuel credit cards such as IndianOil Axis, HDFC Bharat Cashback, or ICICI HPCL Super Save if you have a preference for different fuel outlets than BPCL.
Whenever you use your credit card for a fuel transaction, a fuel surcharge is applied, typically around 1% to 2% of the transaction amount. However, many credit cards provide a fuel surcharge waiver of 1% on your fuel transactions. A fuel surcharge waiver means that you won't be charged the surcharge when using your credit card for fuel expenses.
To get a fuel credit card, you need to meet certain requirements, and these can differ between different banks. Generally, you should have a steady income and be at least 18 years old. It's important to check the specific eligibility criteria for the credit card you're interested in before applying to avoid any chances of rejection.
Fuel credit cards are available from various credit card issuers, including HDFC, Axis, Kotak, ICICI, SBI Card, and more. You can apply for these credit cards by visiting the official website of the respective card issuer or by going to any nearby branches of the bank. Additionally, you can check your eligibility and apply for fuel credit cards through MybankingTips by clicking here.
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Top Credit Cards in India