So, if you are a frequent driver, these credit cards offer you benefits like reward points, fuel charge waivers, and more. The reward points can also be used for other transactions and purchases except fuel. In addition to this, you can also get offers like benefits on making dining, travel, and shopping transactions.
Top 7 Best Fuel Credit Cards in India for 2024
Credit Card | Joining Fees | Major Fuel Benefits |
|---|---|---|
Indian Oil Kotak Credit Card | INR 449 | 4% Cashback on fuel transactions at IndianOil pumps |
ICICI HPCL Coral Credit Card | INR 199 | Up to 4.5% Cashback on fuel transactions at HPCL pumps |
IndianOil HDFC Credit Card | INR 500 | 5% fuel points on spends at IndianOil outlets 5% fuel points on grocery and bill payment spends |
HDFC Bharat Cashback Credit Card | INR 500 | 5% cashback on fuel expenses |
HPCL BoB Energie Credit Card | INR 499 | Up to 5% savings (reward points + fuel surcharge waiver) on fuel transactions at HPCL pumps |
BPCL SBI Card Octane | INR 1499 | 7.25% Value Back on fuel transactions at BPCL pumps |
HPCL IDFC First Power+ Credit Card | INR 499 | 24 Rewards per Rs. 150 spent on HPCL fuel & LPG |
Now, let’s discuss these cards in detail:
1. Indian Oil Kotak Credit Card
Joining Fee: Rs. 449 | Annual Fees: Rs. 449
The Indian Oil Kotak Credit Card is a co-branded credit card issued by Kotak Mahindra Bank in collaboration with Indian Oil Corporation Limited (IOCL). It offers a reward program that benefits frequent spenders at Indian Oil fuel stations. It is one of the Best credit cards for fuel in India.Cardholders can earn reward points on fuel purchases as well as on other spending categories like groceries and dining. The card also comes with benefits like movie ticket discounts and annual fee waivers for meeting certain spending criteria.
Major Features:
- Earn 4% cashback (as reward points) on every Rs. 150 spent at Indian Oil fuel stations (up to 1200 points per month).
- Get 2% cashback (as reward points) on groceries and dining spends.
- Enjoy a welcome bonus of 1000 reward points for spending Rs. 500 within 30 days of receiving the card.
- Save up to Rs. 100 on fuel surcharge every month on transactions between Rs. 100 and Rs. 5,000 at IndianOil outlets.
- Be covered with personal accident insurance of Rs. 2 lakhs.
- Redeem your reward points for exciting deals through Kotak Mahindra Bank's program.
- Make global purchases at millions of merchants worldwide.
- Experience faster transactions with the card's contactless payment technology.
- Benefit from exclusive movie ticket discounts.
- Annual fee waiver on meeting spending criteria in the previous year.
2. ICICI HPCL Coral Credit Card
Joining Fee: Rs. 199 | Annual Fees: NIL (First year) - Rs. 199 (Second year onwards) +GST
The ICICI HPCL Coral Credit Card is a fuel-centric card that helps you save on petrol costs. Swipe it at HPCL pumps to earn cashback and avoid surcharge fees. You can also accumulate points on everyday purchases for additional rewards.Major Features:
- Earn 2.5% cashback (up to Rs. 100 monthly) on fuel purchases at HPCL stations (minimum transaction Rs. 500).
- Get a waiver on fuel surcharge of up to Rs. 2.50 per litre (capped at Rs. 4,000 per transaction) at HPCL pumps.
- Collect 2 reward points for every Rs. 100 spent on non-fuel purchases.
- Enjoy accelerated reward points (2.5X) when you use the card for fuel transactions at HPCL pumps.
- Redeem your reward points for various benefits like fuel or other products.
- Waive the annual fee by spending Rs. 50,000 or more in a year.
- Make contactless payments for faster transactions at fuel stations and other shops.
- Avail of complimentary personal accident insurance coverage.
- Enjoy discounts on movie tickets or other partner offers (subject to change).
- Gain access to ICICI Bank's extensive network of ATMs and branches.
3. IndianOil HDFC Credit Card
Joining Fee: Rs. 500 | Annual Fees: Rs. 500
This card is the best pick for those who have their own transport and desire to travel around the city. The card offers multiple benefits under the fuel category. The reward points can be redeemed as cash or you can purchase more fuel with the accumulated reward points. You can accrue up to 50 litres of free fuel every year by using this credit card
Major Features:
- Earn 5% of spends as fuel points on spends made at IndianOil Fuel outlets, groceries, bill payments and utilities.
- Get 1 fuel point per Rs. 150 spent on other purchases.
- A fuel surcharge waiver of 1% on all fuel transactions.
- Annual fee waiver on milestone annual spends of more than Rs. 50,000 in the previous year.
- Accrued fuel points are redeemable towards IndianOil XTRAREWARDS.
4. HDFC Bharat Cashback Credit Card
Joining Fee: Rs. 500 | Annual Fees: Rs. 500
The HDFC Bharat Cashback Credit Card is a beginner-friendly card that rewards everyday spending across various categories. Earn cashback on groceries, fuel, bill payments, mobile recharges, and even IRCTC bookings. With capped monthly rewards, it's ideal for those seeking cashback on regular expenses.Major Features:
- Earn 5% cashback (up to Rs. 150 per month) on expenses like groceries, fuel, bill payments, and mobile recharges.
- Get 5% cashback (up to Rs. 150 per month) on transactions done through PayZapp, EasyEMI, and SmartBuy.
- Enjoy 5% cashback on IRCTC railway bookings (capped at Rs. 150 per month).
- Redeem your cashback earned as reward points (1 point = Rs. 1).
- Benefit from a welcome bonus (points) on your first transaction (subject to terms and conditions).
- Manage your expenses easily with online banking and mobile app features.
- Make secure and convenient contactless payments.
- Avail exclusive discounts and offers from HDFC Bank partners (subject to change).
- No annual fee for the first year, renewal fees apply thereafter.
- Easy eligibility requirements, making it suitable for first-time credit card users.
5. HPCL BoB Energie Credit Card
Joining Fee: Rs. 499 | Annual Fees: Rs. 499
The HPCL BoB Energie Credit Card is a co-branded BOB credit card that puts money back in your wallet on fuel expenses. Earn rewards and save on surcharge fees when you swipe it at HPCL pumps. You can also collect points on everyday spending for additional benefits. Consider this card if you're a frequent driver who wants to maximise savings on gas and groceries, which puts this card into the list of Best credit cards for fuel in India.Major Features:
- Earn up to 5% back (combination of reward points and fuel surcharge waiver) on fuel purchases at HPCL stations (minimum transaction Rs. 400).
- Get a waiver on fuel surcharge of 1% for transactions between Rs. 400 and Rs. 5000 at HPCL pumps.
- Collect reward points on everyday purchases for additional savings.
- Enjoy a welcome bonus of reward points on spending a certain amount within a set period after card issuance.
- Convert larger purchases into convenient EMIs for better financial management.
- Potentially waive the annual fee by meeting spending targets in a year.
- Make faster and more secure transactions with contactless payment technology.
- Redeem your reward points for exciting deals or convert them into cash equivalents.
- Enjoy exclusive discounts on movie tickets or other partner offers (subject to change).
- Gain access to Bank of Baroda's network of ATMs and branches for your banking needs.
6. BPCL SBI Card Octane
Joining Fee: Rs. 1499 + GST | Annual Fees: Rs. 1499 + GST
Rev up your savings with the BPCL SBI Card Octane, a credit card that rewards you handsomely for spending at BPCL pumps. It is in our list of best fuel credit cards as you can earn a high cashback rate on fuel purchases and benefit from accelerated rewards on everyday categories like groceries and dining. Plus, waive the annual fee by meeting spending requirements and enjoy exclusive movie ticket discounts.Major Features:
- Maximize fuel savings with a whopping 7.25% cashback (including surcharge waiver) on fuel spent at BPCL stations (no minimum transaction value required).
- Earn a solid 6.25% cashback on Bharatgas purchases made through the website or mobile app.
- Enjoy accelerated cashback on departmental stores, groceries, dining, and movies.
- Get a welcome bonus in the form of reward points upon card activation.
- Leverage contactless payment technology for faster and more secure transactions.
- Potentially waive the annual fee by meeting spending criteria in the previous year.
- Redeem your earned cashback for exciting rewards or statement credits.
- Gain access to SBI Card's extensive network of partner merchants for reward-earning opportunities.
- Enjoy exclusive movie ticket discounts through partner platforms.
- Use the card worldwide for international purchases at millions of Visa/RuPay acceptance points.
7. HPCL IDFC First Power+ Credit Card
Joining Fee: Rs. 199 | Annual Fees: Rs. 199
IDFC First Credit Card caters to drivers and rewards everyday spending. Earn bonus points on fuel, groceries, and utility bills, while saving on movie tickets. With complimentary airport lounge access and the potential to waive the annual fee, it's ideal for those who value both rewards and travel perks.
Major Features:
- Earn a high 30X reward points on every Rs. 150 spent on groceries and utility bills.
- Get 24X reward points on HPCL fuel purchases and IDFC FASTag recharge.
- Enjoy 3X reward points on all other retail transactions.
- Access complimentary domestic airport lounges every quarter upon meeting minimum monthly spends.
- Save 25% on movie tickets with a monthly spending cap (up to Rs. 100 cashback).
- Benefit from complimentary roadside assistance for added peace of mind.
- Potentially waive the annual fee by spending a designated amount in a year.
- Make secure and contactless payments for faster transactions.
- Redeem your reward points for a variety of attractive products and travel options.
- Enjoy exclusive IDFC Bank offers and benefits. You can also apply for its lifetime free fuel credit card.
Key Benefits of Fuel Credit Cards
- You can save considerably on fuel transactions
- You will be eligible for cashback
- You will get a fuel surcharge waiver.
- You will get reward points that can be redeemed not only against fuel but also against shopping, travel, etc.
- You can also get other travel & lifestyle benefits with some fuel credit cards.
- You will be eligible for dining offers, BookMyShow offers, concierge services, telecom benefits etc.
- You will be eligible for Turbo points
- Fuel credit cards can be used to make utility bill payments.
- Annual fee waiver.
Eligibility Criteria For Fuel Credit Cards
Residential Status | The applicant must be an Indian resident |
Age | The applicant should be above the age of 18 years |
Occupation | Can be either salaried or self-employed |
Income Criteria | He must meet the income criteria set by the bank |
Credit Score | The applicant should have a good credit score |
Factors To Look into Before Applying For A Fuel Credit Card
- Annual Fee: Check the annual fee offered by the credit card before applying. Some credit cards provide annual fee waivers on spending a certain amount of money using your card every year
- Interest Rate: Look for a fuel credit card that provides the best interest rate as it would help you repay the borrowed amount with ease.
- Upper limits on spends: The upper limit on spends to avail benefits must not be too high
- Fuel Surcharge Waiver: The fuel surcharge is levied on your fuel transactions across all the petrol pumps. Fuel credit cards save this surcharge and provide this waiver on your transactions. So, you should look for a card that offers a fuel surcharge waiver.
- Check for participating oil companies: Check if the fuel benefits are offered at all the petrol pumps across India. Because some credit cards will just offer these benefits at specific petrol pumps owned by a specific oil company.
- Savings: You should see how much you can save on fuel transactions before applying for a fuel credit card.
FAQs On Fuel Credit Cards:
1. Can I pay for fuel using a credit card?
Yes, in most cases you can pay for fuel using a credit card. There are a lot of credit cards in India that offer special fuel benefits.
2. How can I get a fuel credit card?
Apply through the bank that offers the fuel credit card you're interested in from the ones mentioned above and you’re done!
3. Can I use a fuel credit card for non-fuel expenses?
Yes, you can use a fuel credit card for most regular purchases, including shopping, dining, or travel.
4. Which are the best lifetime free fuel credit cards in India?
Researching current offers is best, but some popular contenders include HDFC Bharat Cashback and SBI Card Simply Drive.
5. How do fuel credit cards differ from regular credit cards?
Fuel credit cards often offer higher rewards on fuel purchases compared to regular cards.
6. Is there a limit on the rewards I can earn on my fuel credit card?
Yes, there might be a limit on monthly or yearly rewards earned on a fuel credit card. Always check the card’s terms and conditions before applying.
Disclaimer:
This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
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