Best Fuel Credit Cards In India 2023

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Some of the Best Credit Cards for Fuel

With fuel prices constantly increasing, having access to a fuel credit card can lead to some savings. Fuel credit cards offer great rewards and discounts on fuel purchases and a range of other benefits. This makes them a must-have if you spend regularly on petrol or diesel each month. 

 

Many banks and financial institutions offer fuel credit cards, and you can choose a card that best suits your requirements. In addition, you can compare cards to find the best rewards, discounts, and other benefits, such as cashback or air miles.

 

Some of the best credit cards for fuel options available currently are:

Fuel Credit Card

Joining/Annual Fees

Best For



 

 

1. BPCL SBI Credit Card



₹499

  • 2,000 bonus reward points as a welcome gift

  • For every ₹100 spent at departmental stores, groceries, and dining, earn 5X reward points

  • For every ₹100 spent on non-fuel purchases, earn 1 reward point

  • On fuel purchases of up to ₹4,000, get a 3.25% + 1% surcharge waiver



 

 

2. HPCL Platinum Credit Card



₹199 + GST

  • For every ₹100 that you spend, earn 2.5X accelerated reward points

  • For all other spends, earn 2 reward points

  • For every fuel transaction made at HPCL petrol pumps, earn cashback of up to ₹100

  • Spend a minimum of ₹50,000 in a year and get the annual fee waived for the next year



 

 

3. BPCL SBI Credit Card Octane



₹1,499

  • 6,000 bonus reward points, equivalent to ₹1,500, as a welcome gift

  • For every ₹100 spent on BPCL fuel and lubricants, earn 25 reward points

  • For every ₹100 spent on dining or at departmental stores and grocery purchases, earn 10 reward points

  • 4 complimentary domestic VISA lounge visits in India per year



 

 

4. IndianOil HDFC Credit Card



₹500

  • Get 5% back on fuel transactions at any IndianOil outlet as ‘fuel points’

  • 5% of grocery spends and utility bill payments as ‘fuel points’

  • For every ₹150 spent, earn 1 fuel point

  • For a minimum purchase of ₹400, earn a 1% surcharge waiver


5. Indian Oil Axis Bank Credit Card


₹500

  • 100% cashback of up to ₹250 on fuel transactions

  • 4% value back on fuel expenses, earn 20 reward points for every ₹100 spent at IOCL outlets

  • For every ₹100 spent on online shopping, earn 5 reward points


6. ICICI HPCL Super Saver Credit Card


₹500

  • Save up to 5% on fuel, departmental stores and utility transactions

  • Get a discount of 25% on movie tickets

  • For every ₹100 spent on retail purchases, excluding fuel, earn 2 payback points

Benefits of Fuel Credit Card

Opting for a fuel credit card has its benefits, especially against fuel purchases. Based on the popular fuel credit cards in circulation today, given below is a table that lists the features of some of the best fuel credit cards you can avail:

Fuel credit card

Top Features

BPCL SBI Credit Card Octane

  • Annual savings of up to ₹1,200 through a fuel surcharge waiver

  • Instant redemption of points at select BPCL outlets

IndianOil Axis Bank Credit Card

  • Enjoy 100% cashback, up to ₹250, for all fuel payments within 30 days of issuance

  • Earn 20 points for every ₹100 fuel transaction at any IndianOil outlet

IndianOil HDFC Credit Card

  • Get fuel points up to 5% of your fuel purchases at IndianOil outlets

  • Earn free annual fuel of up to 50 litres

BPCL SBI Credit Card

  • Fuel surcharge waiver of 3.25% + 1% on every transaction, up to ₹4,000, at BPCL outlets

  • 13X reward points, max. 1300 on fuel purchases made at BPCL outlets every billing cycle

These are some of the features you can enjoy with some of the best credit cards for fuel benefits. Here is a generalised overview of the benefits you can enjoy across the majority of fuel credit cards:

 

  • Enjoy fuel surcharge waiver at partner pumps

  • Earn reward points and cashback to save while you spend

  • Avail discounts on movie tickets purchased through BookMyShow and other popular online ticketing sites 

  • Earn Turbo Points and accelerated rewards

  • Enjoy an annual fee waiver against milestone spends

  • Pay utility bills using earned points

  • Enjoy discounts on dining at partner restaurants

  • Avail interest-free credit for a significant period

Remember that the benefits and features of all fuel credit cards are subject to change at the issuer’s discretion. Therefore, the best way to stay updated on these benefits and features is to check the issuer’s website.

FAQs on Some of the Best Fuel Credit Cards

  • ✔️Which credit card offers the best rewards for fuel?

    Some of the best fuel credit cards you can opt for include the BPCL SBI credit card, ICICI Bank HPCL Platinum credit card, Indian Oil HDFC credit card, and IndianOil Axis Bank credit card.

  • ✔️What are the factors to consider when selecting the best fuel credit card?

    When selecting the best credit card for fuel, look for one with a low-interest rate but with many benefits such as discounts, cashback, etc. Also, the type of fuel-related offers you get on the card should match your needs.

  • ✔️Do fuel cards save you money?

    A fuel credit card helps reduce fuel charges to a certain extent by providing surcharge waivers.

  • ✔️How should I choose the best fuel credit card?

    To choose the best fuel credit card, consider factors such as the rewards program, fuel surcharge waiver, annual fees, and eligibility criteria. Look for a card that offers the highest rewards rate on fuel purchases and other benefits like discounts on dining or shopping.

    Compare multiple options and read the fine print to ensure you understand the terms and conditions of each card before making a decision.

  • ✔️Is it a good idea to use a credit card for petrol?

    Yes, using a credit card for petrol can be a good idea, as it can offer rewards and benefits like cashback or reward points on fuel purchases. However, using credit responsibly and paying off the balance in full each month is important to avoid accruing high-interest charges.

  • ✔️What are fuel credit cards?

    Fuel credit cards are a type of credit card that offers rewards and benefits specifically designed for fuel purchases. These cards typically offer cashback, reward points, or discounts on fuel purchases at designated petrol pumps. Some cards may also provide additional benefits like fuel surcharge waivers and dining, shopping, or entertainment discounts.