Top Fuel Credit Cards in India

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

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:

• On your 1st transaction at HPCL fuel station of ₹500 and above, get a cashback of ₹500.
• Get a 5% cashback up to ₹1,000 on the first EMI conversion.
• Note- All these benefits can be availed within 30 days of card set-up.

Fuel Benefits:

• Up to 6.5% savings on fuel purchases.
• On making payment through the HP Pay App on fuel expenses of ₹5,000 per month, 1.50% savings are offered as Payback rewards 
• Fuel surcharge waiver on fuel expenses of up to ₹10,000 per month and saves 1.00% 

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:

• 5% savings as Rewards on Grocery & Utility expenses
• 5% savings as Rewards on IDFC FIRST FASTag recharge
• Earn 3x reward points for spending ₹150 on all other retail transactions.
• The value of every reward point is ₹0.25.
• Reward rate = 0.5% to 5%
• There is no expiry date for reward points.

Fees and Charges:

• Joining Fees: ₹499
• Annual Fees: ₹499 (waived on spending ₹1,50,000 in a year)
• Annual Percentage Rate (APR): 43.8%
• Foreign Transaction Fee: 3.5%

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

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:

• 7.25% value-back i.e. 25x reward points on fuel purchases at BPCL outlets.
• Get a 1% fuel surcharge waiver on every BPCL transaction up to ₹4,000 (up to ₹100 per statement cycle maximum waiver).

Reward Points:

• Earn 25 reward points on every ₹100 spent on BPCL purchases (max. 2,500 points per month).
• Earn 10 reward points (max 7,500 points per month) on every ₹100 spent on dining, movies, groceries & departmental stores.
• The value of every reward point is ₹0.25.
• Reward rate = 0.25% to 6.25%.

Lounge Benefits:

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

Fees and Charges:

• Joining Fees: ₹1,499
• Annual Fees: ₹1,499
• Annual Percentage Rate (APR): 42.00%
• Foreign Transaction Fee: 3.5%

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

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:

• Get a 1% fuel surcharge waiver at all Indian Oil fuel stations on a minimum transaction of ₹400 and a maximum cashback of ₹250 per statement cycle.
• Earn up to 50 litres of free fuel every year.
• Earn 5% of your spend as FP at Indian Oil outlets (max. 250 points monthly in the first 6 months; max. 150 points after that).
• Earn 5% of your spending as FP on groceries and bill payments (max. 100 points per month in each category).
• Earn 1 FP for every ₹150 spent on all other purchases.

Reward (Fuel) Points:

• Earn 1 reward point on every ₹100 spent on non-fuel retail purchases.
• While redeeming for free fuel using the complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership, 1 FP = ₹0.96.
• Whereas 1 FP = up to ₹0.20 while redeeming through net banking.
• Reward rate = 0.67% to 5%.
• Fuel points are valid for 2 years.
• Redemption of reward points to cashback and travel categories are capped at 50,000 points per month.

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): 43.2%
• Foreign Transaction Fee: 3.5%

Eligibility:

For Salaried Individuals:

• Age limit - 21 to 60 years 
• Minimum income - more than ₹12,000 p.m. 

Self-employed Individuals:

• Age limit - 21 to 65 years 
• Minimum income - ITR > ₹6 lakhs p.a.

Read more about:- IndianOil HDFC Bank Credit Card

4. 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:

• Earn 20 reward points (4% benefit) on spending every ₹100 at IOCL fuel outlets ((only transactions between ₹400 and ₹4,000 are applicable). 
• Earn 5 reward points on spending every ₹100 on online shopping (only transactions between ₹100 and ₹5,000 are applicable).
• Earn 1 EDGE point on spending every ₹100 on all other transactions.
• The value of one reward point is ₹0.20.
• Reward rate = 0.2% to 4%.

Entertainment and Dining Benefits:

• Get an instant discount of up to 10% on movie ticket booking via BookMyShow.
• Get up to 15% discount at the partner restaurants in India (capped at ₹500; applicable on a minimum order value of ₹2,500).

Fees and Charges:

• Joining Fees: ₹500
• Annual Fees: ₹500 (waived on spending ₹50,000 in a year)
• Annual Percentage Rate (APR): 52.86%
• Foreign Transaction Fee: 3.5%

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

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:

• 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.
• 4% of its benefits are as cashback (capped at ₹200 per month).
• The remaining 1% will be the fuel surcharge waiver.
• Additionally, get 1.5% cashback as reward points on fuel purchases on the HP Pay app at HPCL outlets.

Reward Points:

• On all bill payments and spending on departmental stores, get a 5% cashback.
• For every ₹100 spent on utilities, get 20 ICICI Bank reward points.
• For every ₹100 spent on all retail purchases, get 2 ICICI Bank rewards points. 
• 5% reward points are capped at ₹ 100 worth of monthly ICICI Bank reward points.
• The value of one reward point is ₹0.25.
• Reward rate = 0.5%

Lounge Access:

• Get 1 complimentary domestic lounge access every quarter on spending a minimum of ₹5,000 in the previous quarter.
• 24*7 concierge service (valid on RuPay variant only).

Entertainment and Dining Benefits:

• Get a 25% discount for booking at least two movie tickets (capped at ₹100). 
• 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.

Fees and Charges:

• Joining Fees: ₹500
• Annual Fees: ₹500 (waived on spending ₹1,50,000 in a year)
• Annual Percentage Rate (APR): 42.00%
• Foreign Transaction Fee: 3.5%

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-

• You frequently use HPCL petrol pumps
• You spend a lot on groceries using your credit card
• 1 lounge access in a quarter is enough for you

2. Get a BPCL SBI Octane Credit Card if-

• You frequently use BPCL petrol pumps
• You frequently spend on groceries using your credit card
• You frequently make credit card transactions on dining and movie tickets 

3. Get an HDFC Indian Oil Credit Card if -

• You frequently refuel your vehicles at Indian Oil petrol stations
• You want to earn up to 50 litres of fuel in a year
• You make credit card transactions on groceries and bill payments

4. Get an IndianOil Axis Bank Credit Card if -

• You frequently use Indian Oil petrol pumps
• You want to earn a fuel surcharge waiver at any fuel outlet other than Indian Oils'
• You often use your credit card for online shopping
• You often book movie tickets from the BookMyShow app or website

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

• You frequently use HPCL petrol pumps
• You use your credit card for bill payments and in departmental stores
• 1 lounge access per quarter is enough for you
• You often book movie tickets either from BookMyShow or Inox

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.