Best credit card for petrol

Best Fuel Credit Card in India

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Best Credit Card for Fuel

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.

Best Fuel Credit Card 2022

Take a look at the details of the best credit cards for petrol and diesel.

1. IndianOil Citi Credit Card

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

Benefits:

  • 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

2.  BPCL SBI Credit Card

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

Benefits:

  • 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

3.  ICICI Bank HPCL Platinum Credit Card

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

Benefits:

  • 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

4.  BPCL SBI Card Octane

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

Benefits:

  • 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

5. IndianOil HDFC Credit Card

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

Benefits:

  • 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

6.  IndianOil Axis Bank Credit Card

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

Benefits:

  • 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

7.  ICICI HPCL Credit Card

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

Benefits:

  • 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

How to Apply for a Fuel Credit Card

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.

How to Choose the Best Fuel Credit 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

Features and Benefits of a Fuel Credit Card

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

FAQs on Best Fuel Credit Card

  • ✔️Which card is best for fuel?

    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.

  • ✔️How to get a Credit Card online?

    The annual fee of the ICICI Bank HPCL Platinum credit card is ₹199.

  • ✔️What is the minimum income criterion to get the IndianOil HDFC credit card?

    The minimum income should be ₹10,000 per month to apply for an IndianOil HDFC Credit Card.

  • ✔️How many Turbo Points can I earn with the IndianOil Citi 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.

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

    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.