To counter the effect of rising fuel prices, top banks in the country now offer fuel credit cards which are specifically curated to cater to your fuel needs. These cards help you save more on your fuel purchases by offering cashback offers, accelerated reward points, co-branded benefits, and more. You can save significantly if you choose the best oil credit card that fits your day-to-day expenses. So, here is a list of the best credit cards for fuel to help you make the right choice.
Take a look at the details of the best credit cards for petrol and diesel.
Annual Fee: ₹1,000
Features: One of the best IndianOil credit cards for loyal IndianOil customers
Eligibility: Minimum income should be ₹25,000 per month
For every ₹150 spent on fuel at Indian Oil outlets in India, earn 4 Turbo Points
For every ₹150 spent at supermarkets and on groceries, earn 2 Turbo Points
For every ₹150 spent on dining and shopping, earn 1 Turbo Point
On spending ₹30,000 in the previous year, the annual fee is waived
Up to 71 litres of free fuel annually
Annual Fee: ₹499
Features: One of the best credit cards for fuel purchases from Bharat Petroleum
Eligibility: Minimum income should be ₹20,000 per month
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 up to ₹4,000, avail a 1% surcharge waiver
Annual Fee: ₹199
Features: Best credit card for fuel cashback as it helps you save money through its annual fee waiver
Eligibility: Informed after evaluating the customer
For every ₹100 that you spend, earn 2.5X accelerated reward points
On fuel purchases at HPCL petrol pumps, earn 5 payback points
For all other spends, earn 2 payback 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 off next year
Annual Fee: ₹1,499
Features: A premium version of BPCL SBI card and the best credit card for fuel rewards
Eligibility: Must be a citizen of India and above 18 years of age with a good credit score
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
Annual Fee: ₹500
Features: Best credit card for fuel savings and a favourite for users from non-metro cities and towns of India
Eligibility: Minimum income should be ₹10,000 per month
Get 5% back on fuel transactions at any IndianOil outlet as ‘Fuel Points’ (1 Fuel point = ₹0.96)
5% of grocery spends and utility bill payments as ‘Fuel Points’
For every ₹150 spent, earn 1 fuel point
For a minimum purchase of ₹100, earn a 1% surcharge waiver
Annual Fee: ₹500
Features: Best credit card with fuel benefits for IndianOil loyalists
Eligibility: A resident or non-resident Indian who is between 18 and 70 years of age
100% cashback up to ₹250 on fuel transactions
4% value back on fuel expenses
For every ₹100 spent at IOCL outlets, earn 20 reward points
For every ₹100 spent on online shopping, earn 5 reward points
Annual Fee: ₹199
Features: One of the best credit cards for petrol discounts and favourable for those who own a personal vehicle
Eligibility: Must be a citizen of India and between 18 and 60 years of age with a good credit score
Earn 2.5% cashback on fuel transactions at HPCL pumps
2,000 payback points can be redeemed for fuel worth ₹500
For every ₹100 spent on retail purchases, excluding fuel, earn 2 payback points
On fuel expenses up to ₹4,000 at HPCL pumps, get a waiver on fuel surcharge
You can easily apply for a fuel credit card online by following the steps mentioned below:
Step 1: Visit the Bajaj MARKETS official website.
Step 2: Go to the credit card section and browse through the range of credit cards.
Step 3: Compare the features and select the best fuel credit card.
Step 4: Enter the details requested such as email id, contact number, etc.
Step 5: Click on ‘Apply’.
Step 6: Validate with the OTP.
Step 7: Fill in the form and check your eligibility for the chosen card.
Before selecting a fuel benefit credit card, you must keep a few things in mind:
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
Analyse 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
Opting for a fuel credit card will give you access to several benefits, especially against fuel purchases, among other advantages. Based on the popular credit cards in circulation today, some of the highlights are listed below:
Opportunity to earn reward points
Get cashback against the minimum transaction amount
Enjoy fuel surcharge waiver at partner pumps
Save on movie ticket bookings on 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
Some of the best fuel credit cards that you can opt for include the BPCL SBI credit card, Indian Oil HDFC credit card, ICICI Bank HPCL Platinum credit card, IndianOil Citi credit card, IndianOil Axis Bank Credit Card,etc.
The annual fee of the ICICI Bank HPCL Platinum credit card is ₹199.
The minimum income should be ₹10,000 per month to apply for an IndianOil HDFC Credit Card.
For every ₹150 spent on fuel at Indian Oil outlets in India, you can earn 4 Turbo Points. For every ₹150 spent at supermarkets and on groceries, you can earn 2 Turbo Points. Also, for every ₹150 spent on dining and shopping, you can earn 1 Turbo Point.
When selecting the best fuel credit card, look for one with a low-interest rate but maximum benefits such as discounts, cashback, etc. Also, the type of fuel offers you get on the card should match your needs.