Top Fuel Credit Cards in India

Fuel refil is a huge expense for many of us, particularly if we commute everyday. What if we told you that you can save while spending on fuel? Well, now you can! All you need is a fuel credit card. These cards are focused on helping you make the most of your fuel spends. Keep reading to know more about fuel credit cards and how you can get your hands on one! 

We’ve compiled a list of some of the best fuel credit cards in India to help you compare, contrast, and find the right card for you!

1. IndianOil HDFC Bank Credit Card

Joining/Annual Fees: ₹500 + GST 

 

What You’ll Love About this Card 

• 5% of total spends at IndianOil outlets as fuel points 

• 1 fuel point for every ₹150 spent on categories other than groceries and bill payments

• 1% fuel surcharge waiver on all fuel transactions irrespective of the outlet

2. IndianOil Citi Credit Card

Joining/Annual Fees: ₹1000 + GST 

 

What You’ll Love About this Card 

• 250 Turbo points on the first transaction made within 30 days of card activation

• 4 Turbo points for every ₹150 spent at IndianOil outlets

• 2 Turbo points for every ₹150 spent on groceries and supermarkets

• 1% fuel surcharge waiver on all fuel transactions at IndianOil outlets

3. IndianOil Axis Bank Credit Card

Annual Fees: ₹500 + GST (second year onwards)

 

What You’ll Love About this Card 

• 100% cashback (up to ₹250) on the first fuel transaction made within 30 days of card issuance 

• 20 reward points for every ₹100 spent at IndianOil outlets

• 5 reward points for every ₹100 spent on online shopping

Joining/Annual Fees: ₹500 + GST 

What You’ll Love About this Card 

• ₹100 cashback on using the HP Pay application to make payments 

• 2,000 reward points on card activation

• 5% cashback on fuel transactions made at HPCL outlets 

• 1.5% additional cashback on fuel transactions paid through the HP Pay app

1. Standard Chartered Super Value Titanium Credit Card

Joining/Annual Fees: ₹750 + GST 

What You’ll Love About this Card 

• 5% cashback on all fuel transactions irrespective of the outlet (up to a maximum of ₹200 per month)

• 5% cashback on utility and phone bill payments (up to a maximum of ₹200 per month)

• 1 reward point for every ₹100 spent on all other categories of transactions  

2. BPCL SBI Card

Joining/Annual Fees: ₹499 + GST  

What You’ll Love About this Card 

• 2,000 reward points on payment of joining fees

• 13X reward points for every ₹100 spent on fuel at BPCL outlets

• 3.25% value back + 1% fuel surcharge waiver on all BPCL transactions up to ₹4,000 

Let’s take a look at the key benefits and features that some of the best fuel credit cards typically offer. 

• Co-Branding

Most fuel credit cards in India are co-branded. Co-branded fuel cards are the product of a partnership between the card issuer and an Oil Marketing Company (OMC). The BPCL SBI Card, for instance, is a co-branded card offered by SBI Card in partnership with Bharat Petroleum Corporation Limited. 

• Accelerated Rewards 

Fuel cards often provide accelerated rewards and cash back whenever you use them to pay for transactions made at partner OMC’s fuel outlets. For instance, the IndianOil Axis Bank Credit Card offers 20 reward points for every ₹100 spent at IndianOil outlets. So, if you frequently visit IndianOil outlets, using an IndianOil co-branded fuel card to pay for your transactions can help you accumulate rewards faster. 

• Discounts on Fuel Transactions 

In addition to reward points, you may get discounts in the form of value backs or cash backs on fuel transactions. However, the amount of value back or cash back is dependent on the type of fuel card you own. 

• Surcharge Waivers 

When you pay for fuel using a credit card, a charge known as the fuel surcharge is levied. It usually ranges from 1% to 3% of the total transaction value. Most fuel cards offer a fuel surcharge waiver of about 1%.

Applying for a fuel credit card is very simple. All you need to do is visit the website of the bank whose fuel card you wish to get and fill out and submit the online credit card application form. Remember to choose the right fuel card that you wish to apply for and attach all the necessary documentation before submitting the application. 

 

Once the application is submitted, the bank will check your eligibility and approve your application if satisfied. At this point, you will receive an intimation from the bank via an SMS or an e-mail. And within a few days, you will receive the card at the registered address mentioned by you in the credit card application. 

To apply for a fuel card, you need to first satisfy certain eligibility criteria. This criterion varies from one card issuer to another. 

1. Eligibility Criteria

• You must be a resident Indian

• You must have a regular source of income 

• You must be above 18 years of age 

• You must possess a credit score of at least 700 or above 

 

Note: Some card issuers may have strict minimum income requirements that you might need to meet to apply for fuel cards. Therefore, make sure to check the eligibility criteria first before proceeding to apply for the best credit card for fuel. 

 

Here’s a quick overview of some of the basic documentation that you might need to submit.

2. Documents Required 

• A copy of your PAN card 

• A copy of your identity proof - Voter’s ID, Aadhaar, Driving Licence or Passport

• A copy of your address proof - Aadhaar, Voter’s ID, Passport or Driving Licence 

• A copy of your income proof - latest bank statements, form 16, latest salary slips or latest Income Tax Returns 

 

Note: Apart from the list mentioned above, the card issuing bank may require you to submit additional documentation. 

There are a few factors that you need to consider if you wish to get the best credit card for fuel in India. Let’s take a quick look at some of them. 

• Usage 

Your usage is a major factor that you need to consider when choosing a fuel credit card. For instance, if most of your fuel purchases are from BPCL outlets, a BPCL co-branded fuel card may be the best option for you. 

• Nature of Benefits 

Some fuel cards offer cash back, while others offer reward points. Therefore, it is important to choose a fuel card that offers just the kind of benefits that you wish to enjoy. 

• Accelerated Rewards 

Most of the best fuel credit cards in the country offer accelerated rewards when you purchase fuel from partner OMCs. The higher the rewards are, the more you get to save. So, make sure to choose a card that offers the largest rewards.  

• Fuel Surcharge Waiver

Many fuel credit cards offer fuel surcharge waivers of about 1% of the total transaction value. However, there are a few cards that don’t offer such waivers. Therefore, when choosing a fuel card, ensure that it comes with a fuel surcharge waiver. 

• Limits on Rewards 

Card issuers generally impose an upper limit on the total amount of cash back or points that you can accumulate during a billing cycle. If you purchase fuel frequently, you might want to consider getting a fuel card with higher upper limits. This will allow you to maximise the benefits offered by the card.