5 Best Fuel Credit Cards in India
Introduction
Credit cards are accepted as a mode of payment by almost all petrol pumps in India. However, using the right fuel credit card can help you save a lot of money on fuel expenses.
This article will focus on some of the best fuel credit cards in India and how they can help you save money.
BPCL SBI Card OCTANE
| Description | Info |
|---|---|
| Joining Fee | Rs 1499 + Applicable taxes |
| Renewal Fee | Rs 1499 + Applicable taxes |
| Variants Available | Visa Signature |
| Highlighting Feature | Enjoy 7.25% Value back ~ 25X Reward Points on fuel purchases at BPCL petrol pumps. Maximum 2500 Reward Points per billing cycle |
The BPCL SBI Card OCTANE is a fuel category credit card that offers cardholders discounts on fuel purchases at BPCL petrol pumps across India. It is a brilliant option for those looking for a fuel credit card with benefits. It offers several features that make it a good choice, including cashback on fuel purchases, discounts at BPCL outlets, and more.
However, there are some drawbacks, such as the high-interest rate and annual fee. The BPCL SBI Card OCTANE is a good option for those who frequently purchase fuel from BPCL outlets.
ICICI Bank HPCL Coral Credit Card
| Description | Info |
|---|---|
| Joining Fee | Rs 199 + Applicable taxes |
| Renewal/Annual Fee | Rs 199 + Applicable taxes |
| Fuel Surcharge | 1% surcharge waiver across all HPCL petrol pumps |
| Highlighting Feature | Save 3.5% on fuel transactions (2.5% cashback and 1% fuel surcharge waiver) |
ICICI Bank HPCL Coral Credit Card is a co-branded fuel credit card offered by ICICI Bank and Hindustan Petroleum Corporation Limited (HPCL). This credit card offers exclusive benefits and discounts on fuel purchases made at HPCL petrol pumps across India. The card also has many other features and perks that make it an excellent option for frequent fuel users.
The best part about this card is its nominal annual fee, making it an affordable option for everyone.
IndianOil Citi Credit Card
| Description | Info |
|---|---|
| Joining Fee | Communicated at the time of sourcing |
| Renewal fee | Rs 1,000 (waived off on spending Rs 30,000 annually) |
| Fuel Surcharge | 1% fuel surcharge reversal on fuel purchase at authorized IndianOil outlets |
| Highlighting Feature | Evergreen Turbo Points: Redeem at any time or keep collecting – because your Turbo points will never expire |
You earn points and save the cost of your fuel purchases with an IndianOil Citi Credit Card. On top of that, you can earn turbo points on all expenses using this card. It also provides a welcome gift for when you activate your card. With the IndianOil Citi Platinum credit card, you get decent rewards no matter what you’re spending.
This credit card is not worth it if you live outside a metro city, as most people have minimal fuel stamps. Citi only offers this card as a marketing gimmick, and customers will get better deals elsewhere.
IndianOil HDFC Bank Credit Card
| Description | Info |
|---|---|
| Joining Fee | Rs 500 + Applicable taxes |
| Annual Fee | Rs 500 + Applicable taxes ( waived off on spending Rs 50,000 in a year) |
| Fuel Surcharge | 1% fuel surcharge waiver on a minimum transaction of Rs 400 |
| Highlighting Feature | Up to 50 litres of free fuel in a year using fuel points |
IndianOil’s HDFC Bank Credit Card is focused primarily on users living in non-metro cities and towns within India. With this card, you can earn fuel points with every category of purchase. These points can be redeemed against purchases at an Indian Oil gas station.
This credit card allows you to earn up to 50 free litres of fuel for the year.
Overall, this card is a good choice for beginners who have limits on their spending power. The upper caps are appropriate for the typical entry-level credit card user. We wish they had higher maximum caps so that premium cardholders could also benefit.
IndianOil Axis Bank Credit Card
| Description | Info |
|---|---|
| Joining Fee | Rs 500 + Applicable taxes |
| Annual Fee | Rs 500 + Applicable taxes (waived on spends of Rs 50,000 in a year) |
| Fuel Surcharge | 1% fuel surcharge waiver on fuel transactions between Rs 200 to Rs 5,000 |
| Highlighting Feature | Earn a 4% discount on fuel transactions by earning reward points on every Rs 100 spent on fuel at an IOCL outlet in India |
With the launch of Visa’s co-branded fuel card, the IndianOil Axis Bank Credit Card is fast becoming easier to use and earn rewards. Axis Bank customers can get a healthy rate of return on not just gas purchases but online and in-store spending as well.
In addition to the monthly maximum for rewards, there is no cap for rewards once spending exceeds Rs 50000 per year.
This fuel credit card includes benefits, including an annual fee waiver after spending Rs 4200 on fuel per month.
Conclusion
These are some of the best fuel credit cards available in India. Co-branded cards are available if you are loyal to a specific brand. Remember that before choosing a card, you must go through your personal budget and find out how to best use that card for your financial needs.
We would like to share our top pick from the credit cards listed above.
BPCL SBI Card OCTANE & IndianOil Axis Bank Credit Card
We recommend BPCL SBI Octane and IndianOil Axis Bank credit cards. Both offer excellent rewards on fuel with an accessible annual fee waiver and also offer rewards on other purchases. The BPCL SBI Octane credit card also offers fantastic rewards on additional spending.
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FAQs
How do I get the best fuel credit card in India?
The best way to get a fuel credit card in India is to research the options and determine the best option. You can also take help from your acquaintances with credit cards if they can recommend a good card.
What is the difference between fuel cards and travel cards?
Fuel cards are designed to help you save on your fuel costs. They usually have lower interest rates and offer good rewards. Travel cards are designed to help you travel more cheaply. They typically have lower interest rates and no rewards.
What are the benefits of using a fuel credit card in India?
The main benefits of using a fuel credit card in India are that it can help you save on fuel costs and offer good rewards.
