Best Credit Card for Fuel in India 2023

Fuel expenses constitute a significant part of the monthly budget for many people, especially those who commute by car or bike. With the rising petrol and diesel prices, it makes sense to look for ways to save money on fuel. One of the easiest and smartest ways to do that is to use a fuel credit card.

A fuel credit card is a type of credit card that offers benefits such as cashback, reward points, discounts or surcharge waivers on fuel purchases. These benefits can help you reduce fuel bills and earn rewards on other spending categories. However, not all fuel credit cards are the same. Depending on your spending habits, preferences and needs, some may offer more value than others.

To help you choose the best fuel credit card for yourself, we have compiled a list of India's top 5 fuel credit cards for 2023, based on various factors such as annual fee, reward rate, welcome bonus, co-branded benefits and customer reviews. So, let’s get started!

1. ICICI HPCL Super Saver Credit Card

The ICICI HPCL Super Saver Credit Card is a power-packed financial tool that combines the convenience of a credit card with exclusive benefits tailored for fuel-savvy individuals. Designed in collaboration between ICICI Bank and Hindustan Petroleum Corporation Limited (HPCL), this credit card offers a multitude of advantages for those who frequently refuel at HPCL outlets. With its focus on fuel savings and a range of rewards, the ICICI HPCL Super Saver Credit Card provides cardholders with a seamless and rewarding experience.

Features

Welcome Bonus	Paying the membership fee within two months and spending at least ₹5,000 within the first 45 days of card issuance will earn you 2,000 extra reward points.  Your first fuel purchase of ₹1,000 or more will earn you ₹100 in cashback on the HP Pay app.
Fuel Benefits	A total fuel benefit of 5% on fuel purchases at HPCL fuel stations across India, including a 4% cashback and a 1% fuel surcharge waiver. Additionally, 1.5% cashback as reward points on fuel purchases on the HP Pay app at HPCL outlets.
Entertainment & Dining Benefits	Get a 25% discount, capped at ₹100, when you purchase a minimum of two tickets per transaction.  This offer can be used twice a month for both BookMyShow and INOX movies separately. Get exclusive discounts at partner restaurants under the ICICI Bank Culinary Treats Programme.
Lounge Benefits	Get 1 complimentary domestic lounge access every quarter under the Visa Domestic lounge program on spending a minimum of ₹5,000 in the previous quarter.

Fees and Charges

Joining Fees	₹500
Annual Fees	₹500
Annual Percentage Rate (APR)	42.00%
Foreign Currency Markup	3.50%

Eligibility

Applicants must be at least 18 years of age and must have a stable income.

2. IndianOil Axis Bank Credit Card

The IndianOil Axis Bank Credit Card is a collaboration between IndianOil and Axis Bank, offering exclusive rewards and seamless fuel purchases. With a focus on fuel savings, this card provides attractive features to maximise savings while enjoying the convenience of a credit card. The card's primary purpose is to offer excellent savings chances to individuals who frequently spend money on fuel. With a low yearly charge of ₹500, this entry-level card offers a respectable reward rate of 1% on online purchases and a noteworthy reward rate of 5% on gasoline purchases at IOCL filling stations.

Features

Welcome Bonus	Earn 100% cashback (up to ₹250) on all fuel transactions made within 30 days of card issuance.
Fuel Benefits	Earn 20 reward points on every ₹100 spent on fuel transactions at IOCL fuel outlets in India with the IndianOil Axis Bank Credit Card. *Offer valid for transactions between ₹100 and ₹5000 per month, with a maximum eligible spend of ₹5000 per statement month.
Reward Benefits	1% value back on online shopping by earning 5 reward points per ₹100 spent. Earn 1 eDGE reward point on every ₹100 spent through this card.
Entertainment and Dining Benefits	Get up to 15% off on dining at the partner restaurants. Get an instant discount of upto 10% on booking movie tickets via BookMyShow.

Fees and Charges

Joining Fees	₹500
Annual Fees	₹500
Annual Percentage Rate (APR)	52.86%
Foreign Currency Markup	3.50%

Eligibility

Applicants must be at least 18 years of age and must have a stable income.

3. BPCL SBI Credit Card

The BPCL SBI Credit Card is a collaborative offering between the State Bank of India and Bharat Petroleum Corporation Limited. Positioned as an entry-level credit card, it serves as an ideal choice for fuel purchases, shopping, and everyday expenses. This card not only provides rewards but also offers multiple benefits across different categories, including movies, dining, grocery shopping, and departmental stores.

Features

Welcome Bonus	Get 2,000 activation bonus reward points worth ₹500 on the joining fee payment.
Fuel Benefits	1% fuel surcharge waiver on every transaction of upto ₹4,000 at any BPCL petrol pump across the country. Get 13 reward points on every ₹100 spent at any BPCL outlet.
Reward Benefits	Earn 5X Reward Points on every ₹100 spent at groceries, departmental stores, movies & dining (Up to 5000 Reward Points per month). Get 1 reward point for every ₹100 spent on non-fuel retail purchases.

Fees and Charges

Joining Fees	₹500
Annual Fees	₹500
Annual Percentage Rate (APR)	42.00%
Foreign Currency Markup	3.50%

Eligibility

Applicant’s age must be at least 18 years of age and must have a stable income.

4. Indian Oil HDFC Bank Credit Card

If you are looking for a credit card that rewards you for your everyday spending on fuel, groceries and bill payments, then the IndianOil HDFC Bank Credit Card might be the perfect choice. This card lets you earn up to 50 litres of free fuel annually by accumulating Fuel Points on your purchases. You also get to enjoy benefits like a fuel surcharge waiver, an interest-free credit period, zero lost card liability and more. Plus, you get a complimentary membership to the IndianOil XTRAREWARDS TM Program (IXRP), which allows you to redeem your fuel points for free fuel at IndianOil outlets. 

Features

Fuel Surcharge Waiver	1% fuel surcharge waiver at all fuel stations across India on a minimum transaction of ₹400, with maximum benefits capped at ₹250 per statement cycle. Earn up to 50 free litres of petrol each year. For every ₹150 spent on all other purchases, earn 1 Fuel Point.  Earn 5% of your purchases at IndianOil outlets in the form of fuel points (maximum 250 fuel points per month during the first six months, maximum 150 fuel points after that).
Reward Benefits	Earn Fuel Points with the IndianOil HDFC Bank Credit Card on Retail Purchases. Earn accelerated 5% Fuel Points on purchases of groceries, petrol and recurring bills at IndianOil outlets.
Zero Liability Protection	If the loss or theft is reported to the bank within 24 hours of the loss or theft, there is no obligation for credit card holders for any unauthorised transactions.

Fees and Charges

Joining Fees	₹500
Annual Fees	₹500
Annual Percentage Rate (APR)	43.20%
Foreign Currency Markup	3.50%

Eligibility

Applicant’s age must be between 21 and 65 years. And, if the applicant is a salaried individual, they must have a minimum monthly income of ₹10,000; if the applicant is self-employed, then they must have a minimum annual income of ₹6 lakhs.

5. IndianOil Citibank Credit Card

Created through a collaboration between IndianOil, a leading fuel provider in India, and Citibank, a renowned name in banking, the IndianOil Citibank Credit Card offers a seamless and rewarding experience for fuel purchases. With its focus on fuel savings and a range of attractive features, the IndianOil Citibank Credit Card allows cardholders to maximise their savings while enjoying the convenience of a credit card.

This card will enable you to earn up to 68 litres of free fuel annually by collecting Turbo Points on fuel and other daily spending. You also get to enjoy features like fuel surcharge reversal, dining privileges, travel and lifestyle services, and more. Plus, you get instant redemption of your Turbo Points for free fuel at authorised IndianOil outlets. 

Features

Welcome Bonus	Get 250 Turbo Points on card activation.
Fuel Benefits	1% fuel surcharge reversal on fuel purchase at authorised IndianOil outlets. 4 Turbo points on every ₹150 spent on fuel transactions.
Reward Benefits	Earn 2 Turbo points on spending ₹150 on groceries and supermarkets. Earn 1 Turbo point on spending ₹150 on all other spends.

Fees and Charges

Joining Fees	₹1000
Annual Fees	₹1000
Annual Percentage Rate (APR)	45.00%
Foreign Currency Markup	3.50%

Eligibility

Applicants must be at least 18 years of age and must have a minimum of ₹25,000 monthly income. 

Conclusion

We hope this blog has helped you find the best fuel credit card for your needs. Whether you want to save on fuel surcharge, earn reward points or cashback, or enjoy co-branded benefits, there is a card for you. Fuel credit cards can help you reduce your car expenses and make your travel more rewarding. However, before you apply for any card, make sure to compare the features, fees and eligibility criteria of different cards and choose the one that suits your spending pattern and lifestyle. You can also use our credit card comparison tool to find the best card for you in minutes. So, what are you waiting for? Apply for a fuel credit card today and start saving on your fuel bills.