Best Fuel Credit Card

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Fuel Credit Cards

With the increasing prices of fuel, a lot of individuals are looking for some respite from the large amounts spent in fuel. A solution to this problem would be to use a fuel credit card for your fuel expenses. In the best fuel credit card, you will discover particular surcharge waivers every time you buy fuel with fuel credit cards. However, there are other kinds of fuel credit cards that are specifically curated to match your requirements. Cards like this help you to save money while giving you cash back, supplementary reward points and benefits from co-brands. When you browse for a fuel credit card, you may find that many are co-branded cards, linked to some of the top fuel corporations, like the BPCL SBI Octane Card.

How to Apply for a Fuel Credit Card

You can apply for a fuel credit card both online and offline. The steps you need to follow to apply for a Fuel Credit Card are mentioned below:

1.Apply for Fuel Credit Card Online

  • 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 for, such as email id, contact number, etc.

  • Step 5: Click on ‘Apply’.

  • Step 6: Validate with the OTP that you receive.

  • Step 7: Fill in the form and check your eligibility for the chosen card.

2. Apply for Fuel Credit Card Offline

You can also apply for a fuel credit card offline by visiting the nearest branch of the bank from which you wish to get the card. You would need to carry all relevant documents and request a bank representative to assist you with the fuel credit card application. The representative would then check your eligibility and help you decide on the credit card that is right for you.

Why do you Need a Fuel Credit Card?

Fuel prices have risen significantly in the past few years. In fact, in recent months, what is called the ‘dynamic fuel price’ prevails and prices rise on an almost daily basis. On 19th April 2022, the petrol price in Mumbai was ₹120.51 per litre, the petrol price in Delhi was ₹105.41 per litre, and the petrol price in Kolkata was ₹115.12 per litre. On the same date, the diesel price in Mumbai was ₹104.77 per litre, the diesel price in Delhi was ₹96.67 per litre, and the diesel price in Kolkata was ₹99.83 per litre.

As a result, with such steep rates of fuel, and sharp increases, more and more people are looking for ways in which to save on fuel expenses. If you are someone who commutes with your vehicle and is looking for a way to reduce fuel expenses, you can consider using a fuel credit card. Such a card is specifically designed to cater to your fuel needs. You can enjoy discounts, credit card fuel surcharge waivers, cashback, rewards, offers, co-branded benefits, and so much more when you use this card for fuel purchases.

Best Fuel Credit Cards in India 2022

Fuel charges on a credit card can actually be mitigated while you spend. From fuel surcharges to cashback offers, you can spend on fuel and lessen huge expenses, especially if you fill fuel frequently. Here is a table of the top cards in India for your fuel-related purchases:

Credit Card

Annual Fee

Fuel Benefit

IndianOil Citibank Platinum Card

Rs. 1,000

Upto a maximum of 71 L of free fuel per year

Indian Oil Axis Bank Credit Card

Rs. 500

4% cashback on fuel purchased at IndianOil outlets


Rs. 499

Upto a maximum of 4.25%cashback on fuel purchases

ICICI HPCL Coral Credit Card

Rs. 199

2.5% cashback on fuel purchases at HPCL pumps

IndianOil HDFC Bank Credit Card

Rs. 500

5% of fuel expenses earned as reward points

BPCL SBI Credit Card Octane

Rs. 1,499

25x reward points earned on fuel spending at BPCL pumps

HDFC Bharat Cashback Credit Card

Rs. 500

5% cashback on fuel-related spending

The table above gives you a concise source of the basic features of the top credit cards in India for fuel. Here are fuel credit card offers in more detail so you can get the best fuel credit cards catering to your needs:

1) IndianOil Citibank Platinum Credit Card

The IndianOil Citi Platinum Credit Card is a fuel credit card offered by Citibank in partnership with Indian Oil. The card lets you earn some credit card reward points and save on all your fuel purchases. Apart from the welcome gift of free turbo points, you can use the card to earn turbo points on all purchases and redeem them to purchase fuel. The IndianOil Citi Platinum Credit Card can be used to avail discounts at all IndianOil outlets in the country.

Fuel benefits:

  • 4 Turbo Points against every ₹150 spent at Indian Oil fuel stations in the country.

  • Earn free fuel up to 71 litres annually.

  • 250 Turbo Points against the first purchase made within 30 days of card issuance.

  • 1% fuel surcharge reversal on the purchase of fuel.

Other benefits:

  • 2 Turbo Points against every ₹150 spent at supermarkets and for groceries.

  • 1 Turbo Points against every ₹150 spent on other purchases.

  • Annual fee of ₹1,000 waived off against spends of ₹30,000 on the card in the past year.

2) IndianOil Axis Bank Credit Card

The IndianOil Axis Bank Credit Card is a fuel cashback credit card that lets you save significantly on your fuel expenses. You can earn decent rewards when you use the card for purchases, which you can then be redeemed easily.

Fuel benefits:

  • Earn 100% cashback, worth up to ₹250, on fuel transactions within 30 days of card issuance.

  • Transact between ₹100 and ₹5,000 every month and get a 4% value back benefit or 20 reward points for every ₹100 spent on fuel at Indian Oil fuel stations in the country.

  • Enjoy a 1% fuel surcharge waiver against monthly fuel spends between ₹200 and ₹5000.

Other benefits:

  • Transact between ₹100 and ₹5000 at online merchant stores to get 1% value back or 5 reward points for every ₹100 spent.

  • Get up to 20% discount at Axis Bank’s partner restaurants.

  • Instant discount on the purchase of movie tickets from BookMyShow.

  • Earn 1 EDGE REWARD point against every ₹100 spent on the card.

  • Annual fee of ₹500 waived off against spends of ₹50,000 on the card in the past year.

3) BPCL SBI Card

The BPCL SBI Card offers a great value-back on fuel purchases made at BPCL petrol pumps. The annual fee on the card is low and you can use it to save on fuel while also earning rewards against all purchases.

Fuel benefits:

  • 2000 reward points, worth ₹500, as an activation bonus, redeemable at BPCL fuel outlets or used Shop n Smile rewards catalogue.

  • 13X reward points, worth 4.25% value back on fuel spent at BPCL fuel outlets.

  • 3.25% + 1% fuel surcharge waiver on fuel expenses of up to ₹4,000 at BPCL fuel outlets.

Other benefits:

  • 5X Reward Points against every ₹100 spent at supermarkets, for groceries, on movies, or dining.

  • 1 Reward Point against every ₹100 spent on expenses other than fuel.

  • Annual fee of ₹499 waived off against spends of ₹50,000 on the card in the past year.

4) ICICI HPCL Coral Credit Card

The ICICI HPCL Coral Credit Card offers attractive cashback on fuel purchases made at HPCL petrol pumps. Also, the card has a very low annual fee which is waived off against milestone spends.

Fuel benefits:

  • Get 2.5% cashback (against a minimum transaction of ₹500) on fuel purchases at HPCL pumps.

  • Enjoy a 1% surcharge waiver on fuel purchases at HPCL pumps.

Other benefits:

  • Earn 2 PAYBACK Points against every ₹100 spent on retail purchases except fuel.

  • Redeem 2000 PAYBACK Points on fuel purchases worth ₹500.

  • 25% discount (worth up to ₹100) on movie ticket bookings on

  • Access to exclusive dining offers via the ICICI Bank Culinary Treats Programme.

  • Annual fee of ₹199 waived off against spends of ₹50,000 on the card in the past year.

5) IndianOil HDFC Bank Credit Card

The co-branded IndianOil HDFC Credit Card lets you save significantly on fuel while also letting you know fuel points. You also earn milestone benefits, cashback, renewal offers and get access to the Smart EMI service.

Fuel benefits:

  • In a year, earn up to 50 litres of fuel, free of cost.

  • Earn 5% on purchases made at IndianOil outlets in the form of Fuel Points (Up to 6 Months of card issuance- Max 250 Fuel Points per month; After 6 months- Max 150 Fuel Points)

  • Against all other purchases, earn 1 Fuel Point for every ₹150 spent.

  • 1% fuel surcharge waiver (minimum transaction value ₹400; Max cashback ₹250 per statement) at all fuel stations across India

Other benefits:

  • Get complimentary membership of the IndianOil XTRA REWARDS Program (IXRP).

  • Enjoy an interest-free period of up to 50 days from the date of purchase.

  • Earn 5% of your grocery spends and bill payments in the form of Fuel Points (maximum 100 fuel points against each category every month).

Here are some of the non-partner credit cards (non-partners of Bajaj MARKETS) and you can find great benefits with these cards too:

  • BPCL SBI Credit Card Octane - With this card, you get 25 reward points for every time you spend Rs. 100, whether you make purchases of fuel, lubricants or purchases at Bharat Gas.

  • HDFC Bharat Cashback Credit Card - A credit card for beginners, this can save users a lot with 5% cashback on fuel-related costs. Users can save upt0 Rs. 3,600 yearly on this card.

Fuel Credit Card Eligibility Criteria

When you apply for a fuel credit card, you have to fulfil particular eligibility criteria in order to be granted one. Furthermore, eligibility criteria for a fuel credit card may vary according to the card that you apply for and the bank/credit card company that issues it. Here is the fuel credit card eligibility criteria in general:

  • Age - You should be at least 18 years of age to apply for a fuel credit card.

  • Residence - You should be an Indian resident.

  • Income - You should be earning a salary or be a self-employed person,and your monthly income should comply with that specified for the particular card applied for.

  • Credit Score - Your credit score must be at least 750 or above.

Fuel Credit Card Benefits

A fuel discount credit card can be the solution to high amounts spent on fuel. Features of some of the best fuel cards translate into great benefits and these are mentioned here:

  • You get the advantage of earning reward points that can be redeemed for future fuel expenses.

  • You get the benefits of cashback offers.

  • At partner pump outlets, you can take advantage of credit card fuel surcharge waivers.

  • Other offers linked to fuel credit cards include offers and discounts on movie tickets.

  • Your reward points can be used to pay for utility bills.

  • You get a period of credit, free of interest, when you use a fuel credit card.

How to Choose the Best Fuel Credit Cards?

Before selecting the best fuel credit card, you need to 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 at 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 you incur on the card are not higher than the benefits you avail.

  • 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.

FAQs on Fuel Credit Cards

  • ✔️Is using a Fuel Credit Card really beneficial?

    A fuel credit card lets you manage your fuel expenses by offering you surcharge waivers, cashback, discounts, rewards and offers. It is suitable for people who are looking to save more on their monthly fuel spends.

  • ✔️What is a fuel surcharge waiver and why should you keep it in mind while choosing a fuel credit card?

    A fuel surcharge is a fee that is charged as service and transaction tax when you use your credit card to purchase fuel. A fuel surcharge waiver is a benefit offered against certain credit cards whereby you can do away with this additional charge. As a result, you can save more on your fuel purchases when you use such a card.

  • ✔️How to choose the best Fuel Credit Card?

    To choose the best fuel credit card, you need to consider your monthly fuel expenses, the card’s interest rate, fees and charges, rewards and offers as well as the reward point redemption process.

  • ✔️Can I pay for petrol or diesel using a Fuel Credit Card?

    Yes, you can purchase petrol as well as diesel using a fuel credit card at any authorised fuel station.

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