/offerpages/3e8313d905a9402d9d5fcc3058f62d6d.png)
/blog/df183a3bb67849e2a22577581f084609.jpg)
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
/content-assets/f79a789b48514969a8d487100eb8c170.jpg)
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 |
|
|
Fuel Benefits |
|
|
Entertainment & Dining Benefits |
|
|
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
/content-assets/38adf60ce564458897bc3fe7c7832914.png)
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. |
|
Reward Benefits |
|
|
Entertainment and Dining Benefits |
|
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
/content-assets/ee3c51cb50a94bdc86293a947b57c219.jpg)
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 |
|
|
Reward Benefits |
|
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
/content-assets/8d472f6001d747c49550daa2f73cf1b3.jpg)
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 |
|
|
Reward Benefits |
|
|
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
/content-assets/345c32ca0767459eacc9544ea4b3c0ee.jpg)
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 |
|
|
Reward Benefits |
|
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.
