A fuel credit card is just another type of credit card whose rewards are based on fuel transactions. These cards are specifically designed to meet the fuel requirements of customers and to provide them with benefits on savings when they buy fuel. Fuel credit cards help you track your expenditure and spend more proficiently on fuel. Some fuel credit cards come with added benefits like lower fees, cashback ,etc. 

Here is a list of some of the best fuel credit cards in India in 2023:

Card name 

Welcome benefits 

Rewards rate     

Joining Fees

IndianOil HDFC Bank Credit Card 

N/A

5% of spends as fuel points at IndianOil outlets, groceries, and bill payments, 

 

1 fuel point on every Rs. 150 spent on all other purchases

 

Reward rate of up to 4.8%

Rs. 500 plus applicable taxes 

Indian Oil Axis Bank Credit Card

 

100% cashback (Up to Rs. 250) on all fuel transactions made within 30 days of issuing the card 

20 Reward Points per Rs. 100 for fuel transactions at IOCL stations, 

 

5 reward points per Rs. 100 on online shopping 

 

1 EDGE Point per Rs. 100 on all other card spends 

Nil 

BPCL SBI Card Octane 

6,000 bonus RPs as a joining benefit and the membership renewal is yearly if the annual fee is paid. 

 

25 reward points for every Rs. 100 spent at BPCL fuel stations 

 

10 reward points per Rs. 100 spent on movie ticket purchases, groceries, and departmental stores, 

 

1 reward point for every Rs. 100 spent for all other expenditures except mobile wallet uploads and fuel purchases at non-BPCL stations.

R     Rs. 1,499 (plus applicable taxes)

 

BPCL SBI Credit Card

2,000 activation bonus reward points worth Rs. 500 on paying the joining fee

1 reward point per Rs. 100 

 

5x reward points on dining, movies, departmental stores, and groceries 

 

13X reward points at BPCL pumps 

Rs. 499 (plus applicable taxes)

HPCL Bank of Baroda ENERGIE Credit Card

On spending Rs. 5,000 or more you get 2,000 bonus reward points 

 

 

24 reward points for spends of 150 on fuel transactions at all the HPCL fuel stations 

 

10 reward points per Rs. 150 spent in departmental stores and on groceries

 

2 reward points per Rs. 150 spent on other categories. 

 

Rs. 499 plus applicable taxes. 

ICICI Bank HPCL Super Saver Credit Card

Bonus reward points of 2000 on paying the membership fee within 2 months 

A cashback of Rs. 100 on the first fuel purchase of Rs. 1,000 or more on the HP Pay app

 

 

A cashback of 4% on fuel spends at HPCL pumps 

5% cashback as reward points on departmental store spends and utility purchases. 

2 reward points per Rs. 100 spent for all other international and  domestic transactions.  

 

Rs. 500 plus GST

ICICI Bank HPCL Coral American Express Credit Card 

N/A

2 reward points per Rs. 100 on all retail spends using the card.

3x reward points on fuel transactions at HPCL filling stations 

A cashback of 2.5% up to Rs.100 on fuel purchases at HPCL pumps.

Rs.  Rs. 199 (plus applicable taxes)

 

ICICI Bank HPCL Platinum Credit Card

N/A 

2 reward points per Rs. 100 spends on cards

Rs. 199 (plus applicable taxes)

 

 

Standard Chartered Super Value Titanium Credit Card

A cashback of up to 1,500 on fuel transactions within the first three months.

 

 

You get up to 5% cashback on utility bills,  fuel purchases, payments, and telephone bills

1 reward point on every Rs. 150 spent on other categories 

 

Rs.  750 plus applicable taxes (For premium ban banking customers)

 

 b

Nil

 

Benefits of Fuel Credit Cards 

  • Annual Charge Waiver: The credit card holder gets an annual charge waiver benefit if he carries out transactions of a certain magnitude. 

  • You can get a fuel surcharge waiver 

  •  Cashback: People receive cashback for spending a minimum amount at petrol pumps across the country and this amount is directly credited to the user’s bank account. 

  • Reward Points: Fuel credit cards enable the holders to accumulate reward points. They can redeem these reward points while purchasing from stores and websites. 

  • Lucrative Discounts at Partner Restaurants:  Several fuel credit card providers give attractive discounts at partner restaurants. Thus, people get to save money using credit cards.

  • You Can Use Reward Points To make Bill Payments:  When using a fuel credit card, people receive vouchers and reward points. They use it to pay water, telephone, and electricity bills. 

How To Apply For A Fuel Credit Card

Online on the bank’s website

Step 1: Go to the official website of the bank on which you want to apply for the fuel credit card

Step 2: Go to the ‘Credit Cards’ section.

Step 3: Choose the credit card suitable to you after knowing about the limits on rewards, benefits, and transactions.  

Step 4: Provide all the necessary details and attach the necessary documents. 

Step 5: Click on the ‘Submit’ button. 

The application process will vary across card issuers. 

Offline

Step 1: Go to the nearest branch of the financial institution from where you want to get a fuel credit card. 

Step 2: Fill in all the details in the application form accurately

Step 3: Attach and submit all the required documents. 

Step 4: The bank will complete the verification process and provide the fuel credit card. 

Things To Consider Before Applying For The Fuel Credit Card 

  • Utility: You have to apply for a credit card that you can use easily at all petrol pumps. 
  • Annual fees: Premium credit cards have higher annual fees. Cards that have higher annual and joining fees come with lots of perks compared to that of cards with lower annual and joining fees.
  • Fuel surcharge: Choose a card that offers a fuel surcharge waiver. You can save higher amounts of money by doing this.
  • Redeemable points and rewards: You should check whether the points and rewards are redeemable. Otherwise, it is not of much use. 

Conclusion

Fuel expenses are unavoidable. But by using a fuel credit card smartly, you can bring down expenses through cashback and rewards. 

FAQS 20+ Best Fuel Credit Cards in India 2023

1:Why should we use a fuel credit card?

Fuel credit cards can bring down the expenditure on fuel significantly. 

Most of these credit cards give you cashback or reward points on your fuel spends. Additionally, there is a surcharge waiver benefit. So, it is always suggested to use a fuel credit card to buy petrol or diesel.

2:Which card in India does not have a fuel surcharge?

The Platinum Plus Credit Card of HDFC Bank has a 0% fuel surcharge and attractive reward points.