Best Fuel Credit Cards In India 2022

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Best Credit Card for Fuel

Fuel prices are rising, and fuel is one of the costliest commodities in India. To counter this rise at the consumer level, many banks offer a fuel credit card, which helps consumers save on fuel purchases. They offer accelerated reward points, cashbacks, and co-branded benefits. Some of the best fuel credit card options available currently are:

Fuel Credit Card

Joining/Annual Fees

Best For

1. IndianOil Citi Credit Card

₹1,000 + GST

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 a given year, the annual fee is waived for the next year

 

2. 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

 

3. ICICI Bank 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

4. 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

5. 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

6. IndianOil Axis Bank Credit Card

₹500

100% cashback of 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 Super Saver Credit Card

₹500

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

 

Get a discount of 25% on movie tickets

 

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

 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, mobile 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.

Eligibility Criteria and Documents Required for a Fuel Credit Card

The eligibility criteria to apply for a fuel credit card depend on the policies of the banks that offer such cards. To obtain a fuel credit card, you must:

 

  • Have a good credit score

  • Fulfil the minimum age and income criteria

You must have the following documents to get a fuel credit card:

 

  • Identity proof like Aadhaar card, PAN card, driving licence, voter ID card, or passport.

  • Address proof like electricity or telephone bill, driving licence, voter ID card, ration card, or passport.

  • Income proof, such as the latest payslip, Form 16, and Income tax (IT) return.

  • Age proof like birth certificate, passport, or voter ID card.

  • Other documents, such as a photocopy of your PAN card and Form 60.

Key Features and Benefits of Fuel Credit Cards

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 main benefits offered 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

  • ✔️What are some of the best fuel credit cards?

    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.

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

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

  • ✔️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 when selecting the best fuel credit card?

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

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

    Yes, it is good to use a fuel credit card for petrol or diesel as it helps save you money on every fuel purchase.

  • ✔️Do fuel cards save you money?

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

  • ✔️ 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 your 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-related offers you can get on the credit card and match them to your needs

    • Ensure that the fuel credit card’s offers can be easily redeemed to enjoy the benefits