Top Fuel Credit Cards in India

Created on 02 Sep 2024

Wraps up in 8 Min

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Updated on 03 Sep 2024

For consumers in India looking for ways to save on their fuel expenses, fuel credit cards are a popular option. New credit cards with cashback, reward points, and other benefits are emerging in the market. As fuel prices rise consistently, you can pick a card that will suit your spending habits and save you more on your fuel purchases. 

The best fuel credit card will be a budget saviour for frequent travellers and anyone seeking to reduce fuel costs.

Many banks, in partnership with major fuel companies, offer a number of fuel credit cards. However, the rewards may vary depending on the card and the partner fuel company.  

Beyond rewards, a key feature of many fuel credit cards is the fuel surcharge waiver. Let's understand what it exactly is. 

What is a Fuel Surcharge Waiver?

It is a refund of the additional fee typically charged when using a credit card to purchase fuel. Most credit cards charge a surcharge of around 1% to 3% on fuel purchases, but a fuel surcharge waiver either reduces or entirely waives this extra amount. 

As a result, having a fuel surcharge waiver on your credit card will help you save a good amount on your fuel expenses over time.

Moving ahead, if you want to explore the credit card options from which you can choose one for yourself, we have compiled a list of some of the best fuel credit cards. 

Best Credit Cards for Fuel

1. IDFC First HPCL Power+ Credit Card

IDFC First HPCL Power+ Credit Card

The IDFC FIRST HPCL Power+ Credit Card is a fuel card that offers loyal HPCL customers a variety of perks. Not just savings on fuel, this card provides savings on LPG expenses at HPCL stations as well. On top of this, an additional saving will be provided under its benefits for utilising the card to fuel up using the HP Pay app. 

Welcome Bonus:

Fuel Benefits:

Lounge Benefits:

A complimentary domestic airport lounge access once every quarter, on a minimum spend of ₹20,000 in the previous calendar month.

Reward Points:

Fees and Charges:

Eligibility:

Applicants must be at least 21 years of age and have an annual income of ₹3 lakh or more.

2. BPCL SBI Octane Credit Card

PCL SBI Octane Credit Card

SBI Bank and BPCL have joined hands to provide you with a credit card that offers rewarding benefits on fuel expenses. With more fuel spending, you'll earn more savings, making it a valuable choice for frequent drivers.

Welcome Bonus:

Get 6,000 Bonus Reward Points worth ₹1,500 on payment of annual fees 

Fuel Benefits:

Reward Points:

Lounge Benefits:

4 free domestic VISA lounge access in a year (max. 1 per quarter).

Fees and Charges:

Eligibility:

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

Read more about:-  BPCL SBI Octane Credit Card

3. IndianOil HDFC Bank Credit Card

IndianOil HDFC Bank Credit Card

Do you wish to cut down on your fuel costs? The HDFC Bank Credit Card, in collaboration with Indian Oil, could be just what you need! Apart from earning Fuel Points (FP) for refuelling your vehicles at Indian Oil outlets, you can earn up to 50 litres of free fuel annually. Keep reading to know more about the benefits it provides.

Fuel Benefits:

Reward (Fuel) Points:

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:

Eligibility:

For Salaried Individuals:

Self-employed Individuals:

Read more about:- IndianOil HDFC Bank Credit Card

4. IndianOil Axis Bank Credit Card

IndianOil Axis Bank Credit Card

Axis Bank and Indian Oil collaborated to create a valuable credit card for frequent fuel spenders looking to save money on fuel purchases. In addition to earning cashback on fuel purchases, reward points on all other spending can be redeemed for free fuel, movie tickets, and more. Keep reading to discover more!

Welcome Bonus:

Get up to 1250 EDGE reward points on the first fuel transaction (made within the first 30 days of card issuance). 

Fuel Benefits:

Get a 1% fuel surcharge waiver at any fuel outlet in India (only transactions between ₹400 and ₹4,000 are applicable with a maximum waiver of ₹50 per statement cycle).

Reward Points:

Entertainment and Dining Benefits:

Fees and Charges:

Eligibility:

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

Read more about:- IndianOil Axis Bank Credit Card

5. ICICI HPCL Super Saver Credit Card

ICICI HPCL Super Saver Credit Card

In partnership between ICICI Bank and HPCL, this fuel credit card is a fantastic choice for those who want to make the most of their fuel expenses. It includes special benefits for saving on fuel while earning rewards. If you often refuel at HPCL outlets, this card ensures your spending goes further, making it a smart and rewarding option.

Welcome Bonus:

Fuel Benefits:

Reward Points:

Lounge Access:

Entertainment and Dining Benefits:

Fees and Charges:

Eligibility:

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

Read more about:- ICICI HPCL Super Saver Credit Card

Which Card should you get?

Your specific lifestyle and spending habits will help you pick the best fuel credit card for yourself. However, based on these concluding benefits, you can select one card from above.

1. Get an IDFC First Power+ Credit Card if-

2. Get a BPCL SBI Octane Credit Card if-

3. Get an HDFC Indian Oil Credit Card if -

4. Get an IndianOil Axis Bank Credit Card if -

5. Get an ICICI HPCL Super Saver Credit Card if -

Conclusion

Hope all this carefully curated information about the best fuel credit cards in India proves useful for you. These cards can help you cut down on your fuel expenses. But before you pick one, it's important to compare the features, fees, and eligibility criteria to find the card that best matches your spending habits and lifestyle. 

You can easily use our credit card comparison tool to find the perfect option in minutes. So why wait? Apply for a fuel credit card today and start saving on your fuel costs.