Introduction
Many people are searching for credit cards that could reduce their fuel bills because the cost of fuel is increasing every year. There are cards made expressly to meet your gasoline demands, even if the majority of cards only waive a fixed amount of fuel surcharges each month. You can save money with these cards through cashback, expedited reward points, co-branded bonuses, and other means. Several of India’s top credit card companies, including SBI Card, HDFC Bank, and Axis Bank, provide some of the best fuel credit cards.
Best Fuel Credit Cards
Here is a list of the best fuel credit cards available in India to assist you cut your fuel costs:
| Credit Card | Annual Fee | Fuel Benefit |
| BPCL SBI Card Octane | Rs. 1,499 | BPCL gas pumps offer 25X reward points on fuel purchases. |
| ICICI HPCL Super Saver Credit Card | Rs. 500 | The HPCL fuel pumps offer 4% return on all fuel purchases |
| IndianOil Axis Bank Credit Card | Rs. 500 | 4% value back when buying fuel at IOCL locations |
| HDFC Bharat Cashback Credit Card | Rs. 500 | 5% back on fuel purchases |
| IndianOil HDFC Credit Card | Rs. 500 | Fuel points equal 5% of fuel purchases. |
| ICICI HPCL Coral Credit Card | Rs. 199 | 2.5% back in cash at HPCL petrol stations |
| HPCL IDFC FIRST Power+ Credit Card | Rs. 499 | Fuel cost savings of up to 6.5% |
BPCL SBI Card Octane
The premium version of the BPCL SBI Card Octane , called BPCL SBI Card Octane, offers more benefits. On purchases made through the website and mobile app for Bharat gas, you can use this card to receive 7.25% value back. With a welcome bonus of 6,000 reward points, this card also gets you off to a solid start. These are a few of the salient characteristics:
Fuel Benefits:
- Spending on BPCL Fuel, Lubricants and Bharat Gas earns 25 reward points for every Rs. 100 (online and app only).
- Every transaction up to Rs. 4,000 is exempt from the 6.25% plus 1% fuel surcharge (applied at all BPCL petrol stations in India).
ICICI Bank HPCL Super Saver Credit Card
The co-branded ICICI Bank HPCL Super Saver Credit Card offers incentives for fuel purchases made at HPCL petrol stations. Every time you use your card for fuel purchases, you can save up to 4%. Additionally, this credit card provides advantages in many categories, like travel, entertainment, eating, and more. Some of the main advantages offered by this ICICI Bank Credit Card are as follows:
Fuel Benefits:
- 4% rebate on fuel purchases at HPCL petrol stations
- Additional 1.5% in reward points are given back on fuel purchases made using the HP Pay app at HPCL fuel outlets.
- 2,000 bonus points as a welcome bonus upon card activation, payment of the membership fee, and receipt of Rs. 100 in cashback via the HP Pay app.
Indian Oil Axis Bank Credit Card
The IndianOil Axis Bank Credit Card offers reasonable returns on purchases of petrol and other internet purchases. This credit card is excellent since it offers 4% EDGE points on fuel purchases. Given that you will receive a remission of the yearly charge and have gasoline expenditures of between Rs. 4,000 and Rs. 5,000 per month, it makes sense to get the card. The following are some advantages of this card:
Fuel Benefits:
- Earning 20 reward points for every Rs. 100 spent at any IOCL gasoline station in India will give you 4% value back on fuel purchases.
- Accelerated reward points at IOCL gasoline stations on monthly fuel purchases of Rs. 100 to Rs. 5,000
- 1% of gasoline surcharges on transactions between 200 and 5000 rupees are waived.
HDFC Bharat Cashback Credit Card
Users who want cashback on petrol can utilize the HDFC Bharat Cashback Credit Card, which is a beginner-level credit card. The card offers 5% cashback on purchases made with PayZapp, EasyEMI, and SmartBUY as well as on groceries, bill payments, telephone recharges, and gasoline costs. With this credit card, you can save up to Rs. 3,600 annually. Following are some of the main characteristics and advantages of this credit card:
Fuel Benefits:
- 5% back in cashback on fuel costs.
- 1% off the gasoline surcharge with a minimum purchase of Rs. 400.
Indian Oil HDFC Credit Card
The IndianOil HDFC Bank Credit Card is available in Visa and RuPay versions and is primarily targeted at customers from non-metropolitan areas of India. With this card, you can accumulate “fuel points” for various types of purchases and apply them to fuel purchases at IndianOil petrol stations. With this credit card, you can receive up to 50 gallons of free petrol each year. The following are a few of the main advantages offered by this credit card:
Fuel Benefits:
- Free fuel up to 50 gallons per year on purchases made with this credit card.
- Free enrollment in the IndianOil XTRAREWARDSTM Programme (IXRP).
- 5% of your purchases at IndianOil locations are redeemable for fuel.
- 1% off the gasoline surcharge with a minimum purchase of Rs. 400.
ICICI HPCL Coral Credit Card
With the ICICI Bank HPCL Coral Credit Card, you can save up to 3.5% on petrol costs and earn respectable reward points on other qualified purchases. Additionally, you can use the reward points at any HPCL petrol station to purchase fuel. You can receive 2.5% cashback with this card on fuel purchases made at HPCL pumps. If you are a devoted HPCL customer and want a fuel credit card with a low annual cost, you should apply for this card. The following information relates to this credit card in addition:
Fuel Benefits:
2.5% rebate at HPCL petrol outlets on fuel purchases.
Fuel purchases at HPCL pumps are exempt from the 1% fuel surcharge.
HPCL IDFC First Power Plus Credit Card
The co-branded HPCL IDFC FIRST Power+ Credit Card offers a respectable value-back on your fuel purchases at HPCL Petrol Pumps. With this card, you can receive up to 6.5% in value back on your fuel purchases. This credit card offers respectable value back on expenses for groceries and utilities in addition to fuel. However, you can also think about applying for a less expensive version of this card, the HPCL IDFC First Power Credit Card, if you do not want to pay a Rs. 500 yearly charge. Here are a few of the main characteristics and advantages of the Power+ Credit Card:
Fuel Benefits:
- You might save up to 6.5% on your fuel costs:
- 4% reduction on HPCL fuel and LPG bills up to Rs. 10,000 per month as a reward
- The HP Pay app offers 1.5% of savings as Payback incentives (up to Rs. 5,000 per month).
- 1% off the monthly gasoline costs up to Rs. 20,000 as fuel surcharge waivers
- Within 30 days of card setup, you can receive Rs. 500 cashback on your first HPCL gasoline transaction of Rs. 500 or more* and 5% cashback (up to Rs. 1,000) on the transaction value of your first EMI conversion.
Conclusion
We must take into account a few factors before applying for a fuel credit card from the aforementioned list. First, we should be able to satisfy any annual spending goals for the credit cards we now have. For instance, if you have the DCB, only get a fuel card if you can spend more than Rs 5 Lakhs annually.
The next step is choosing the brand of fuel outlet that is most convenient for you. Choose between IOCL, BPCL, or HPCL.
Read More
| How To Transfer Money From Credit Card To Bank Account |
| Which Axis Credit Card Is Best? |
| Which Credit Card Is Best? |
| How To Redeem SBI Credit Card Points |
| Which Credit Card Is Best In HDFC? |
I am an Undergraduate Student pursuing BA English Hons in KIIT University. My hometown is in Cuttack, Odisha. My hobbies include dancing and singing.