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Top 3 Fuel Credit Cards in India

By Finserv MARKETS - Nov 1,2021
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Top 3 Fuel Credit Cards in India

There are fast bikes, then there are faster cars. But do you know what’s the fastest? The rate at which fuel prices in India are going up. If you own a vehicle in times like these, you’ll be shelling quite a bit at the petrol bunks.

Fuel credit cards are designed by banks to give you the best benefits for refueling your vehicle. Perks include fuel surcharge waiver, reward point collection, and so on. Why spend on fuel when you can use your fuel credit card to spend and earn!

Let’s talk about the top 3 fuel credit cards that you can choose from:

  • BPCL SBI Card
  • Indian Oil Axis Bank Credit Card
  • Citibank Indian Oil Credit card

BPCL SBI Card

Annual Fee – Rs.499 + GST

When you refill your vehicle at a petrol pump and pay using the BPCL SBI Card, you can enjoy value back worth 4.25%. This is equal to 13X reward points on fuel refills. Along with this, you also get a fuel surcharge waiver of 1% for transactions up to Rs.4,000.

Once you have paid the joining fee of Rs.499, you’ll get 2,000 activation bonus points added to your card. This is equivalent to Rs.500 which will get credited to your card after 20 days of paying the joining fee.

Why choose the BPCL SBI card?

If you are looking for a fuel credit card that is a true delight when it comes to earning rewards for refuelling your vehicle, this can prove to be one of the best options. Not only can you earn points for fuel spends, but also for dining, buying movie tickets, grocery shopping, and so on.

Indian Oil Axis Bank Credit Card

Annual Fee – Rs.500 + GST

This is a one-of-a-kind credit card offered by Axis Bank and helps you earn cashback on your vehicle’s fuel refills. For every Rs. 100 you spend using this credit card at Indian Oil petrol pumps, you earn 20 reward points.

For your purchases made within a period of 30 days of the issuance of the credit card, you can enjoy 100% cashback. This is capped to a maximum amount of Rs.250. Additionally, you can enjoy a fuel surcharge waiver of 1%.

Why choose the Indian Oil Axis Bank Credit Card?

When you use this credit card, you can earn 5 reward points for spending Rs.100 on shopping. For all your other expenses, you can earn 1 reward point for every Rs.100 that you spend using the credit card. Enjoy a 20% discount at partner restaurants and a 10% discount for booking tickets on BookMyShow. No renewal fee will be applicable if you spend over Rs.50,000 in one year.

Citi Indian Oil Credit Card

Annual Fee – Rs.1,000 + GST

The Citi Indian Oil Credit Card is one of the best cards to choose from if you are looking to pick a fuel credit card. At every authorized Indian Oil petrol pump, you can get 4 Turbo Points on refuels worth Rs.150.

Within 30 days of the issuance of the credit card, you will get 250 Turbo Points for your first spend. These points will be added to your card with 60 days of the transaction date. For all your supermarket and grocery purchases, you get 2 Turbo Points for every Rs. 150 spent using the card. Dining and shopping will get you 1 Turbo Point for every Rs. 150 spent using this card.

Why choose the Citi Indian Oil Credit Card?

The 250 Turbo Points that you get for your first spend is definitely a major boost. You can easily redeem the reward points you collect at over 1,200 Indian Oil petrol pumps. The annual fee is waived off when you spend over Rs.30,000 using the card in a year.

Bottom Line

There are many fuel credit cards out there in the market. However, you must understand your spending habits in order to pick the best fuel credit card for you. Please do a thorough research and compare multiple cards before you choose one. Happy hunting!

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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522