Fuel expenses make up a significant part of monthly budgets for many Indian consumers. Add to that the rising fuel costs and the justification of having a specific credit card for just fuel becomes a smart choice. To cater to this need, several banks in India offer fuel credit cards that provide cashback, rewards, and surcharge waivers on fuel spends.
Which of these stand out though? Yes, with so many options, picking one seems like a difficult task. This is why we have rounded up a special line-up of the best fuel credit cards available in India.
IndianOil Citi Platinum Credit Card
Fuel Surcharge Waiver: As our last update, there’s a 1% waiver on fuel purchases made at IndianOil outlets.
Reward Points: The current offer includes 4 Turbo Points per ₹150 spent on fuel at IndianOil stations.
Other Benefits: These Turbo Points can be redeemed for free fuel at select IndianOil outlets.
This card is highly recommended for individuals who frequently refuel at IndianOil petrol pumps. The reason for it is that it offers substantial benefits and quick point accumulation.
BPCL SBI Card Octane
Fuel Savings: Get up to 4.25% value back on fuel purchases at BPCL petrol pumps.
Reward Points: The current reward rate is 25 reward points per ₹100 spent on fuel at BPCL stations.
Additional Benefits: 1% fuel surcharge waiver and rewards on other categories like groceries and movies.
The BPCL SBI Card Octane is perfect for people who primarily use BPCL fuel stations, offering high returns on fuel spends along with an extensive list of other benefits.
Standard Chartered Super Value Titanium Card
Fuel Cashback: Current offer of 5% cashback on fuel spends.
Eligibility: At present, there’s a minimum spend requirement of ₹750 on fuel per transaction.
Other Cashback: 5% cashback on utility bills and phone bill payments.
This card is more versatile, providing cashback not just on fuel but also on utility payments. Overall, it makes sense for those looking for an all-rounder card with substantial cashback.
HDFC Bank Bharat Cashback Credit Card
Cashback on Fuel: Current offer includes 5% monthly cashback on fuel expenses.
Minimum Spend Requirement: As of now, there’s a ₹400 minimum on fuel transactions to avail cashback.
Other Benefits: The card also offers 5% cashback on grocery and bill payments.
With no upper limit on cashback, the HDFC Bharat Cashback Card is suitable for individuals who want straightforward savings without any complex point system.
IndianOil Axis Bank Credit Card
Reward Points: At the time of this review, cardholders earn 20 reward points per ₹100 spent on fuel purchases at IndianOil outlets.
Fuel Surcharge Waiver: The card currently offers a 1% waiver on fuel transactions.
Other Benefits: Current benefits include 10x reward points on online grocery spends and utility payments.
This card is a great option for those who shop for groceries and pay utility bills online (in addition to spending on fuel at IndianOil stations).
How to Choose the Right Fuel Credit Card?
When selecting a fuel credit card, consider factors like:
If you tend to fuel up at a specific brand like IndianOil or BPCL – choose a co-branded credit card to maximize your benefits. Also, take into account the card’s surcharge waiver. This can further reduce your overall fuel expenses.
Selecting the right fuel credit card is all about getting rewarded for your fuel spends – whether they are frequent or occasional. With choices like IndianOil Citi Platinum, BPCL SBI Card Octane, Standard Chartered Super Value Titanium, etc. you can find a card that perfectly complements your driving habits and grants you an uptick in rewards.
All in all, by understanding the features and benefits of each card, you’ll be better equipped to pick one that matches your fuel spending needs.