By using a fuel credit card, you can conveniently buy petrol, diesel, and other fuels at fuel stations while enjoying various benefits that can enhance your travel experience and help you cut down on fuel costs.
What is a fuel credit card
According to the Kotak Mahindra Bank website, “A fuel credit card is a credit card that is specifically designed to benefit customers when used at Fuel Pumps. These credit cards typically offer rewards and incentives for fuel purchases, such as Reward Points, Cashback, etc.”
Top metal credit cards in India August 2024
ET Wealth Online has compiled a list of the leading credit cards from major banks that offer fuel benefits as of September 4, 2024.
HDFC Bank
HDFC Bank Fuel Credit Card – Indian Oil Credit Card
- Earn up to 50 Litres of Free fuel annually
- Earn 5% of your spends as Fuel Points at IndianOil outlets (Applicable on card swipes, Max 250 Fuel Points per month in first 6 months, Max 150 Fuel Points post 6 months from card issuance)
- Earn 5% of your spends as Fuel Points on Groceries and Bill Payments (applicable on POS and Ecomm transactions) (Max 100 Fuel Points per month on each category)
- Earn 1 Fuel Point for every Rs 150 spent on all other purchases (including UPI transactions).
- 1% fuel surcharge waiver exclusively at IOCL fuel stations across India effective 15th June 2024,
- (on minimum trasaction of Rs 400. Max CashBack of Rs 250 per statement cycle)
- Fuel Point is an exclusive Rewards metric system created only for IndianOil HDFC Bank Credit Card holders.
- Earn Fuel Points on retail spends with the IndianOil HDFC Bank Credit Card
- Earn accelerated 5% Fuel Points on spends at IndianOil outlets, Groceries and Bill payments.
- (Accelerated 5% Fuel Points benefit will be given only for fuel transactions on IndianOil Retail Outlets.)
Fee
- Joining/Renewal Membership Fee – Rs. 500/- plus applicable taxes.
- 1% Fee on transaction amount will be levied on rental transactions done on any applicable merchant for the month. Fee capped at Rs 3000 per transaction, effective 1st August 2024.
- 3.5% Mark-Up fee will be applicable on all International / Cross currency transaction.
SBI Card
BPCL SBI Card OCTANE
- Enjoy freedom from paying the 1% fuel surcharge across all BPCL petrol pumps in India, on transactions up to Rs. 4,000, exclusive of GST and other charges
- Maximum fuel surcharge waiver of Rs. 100 per statement cycle per credit card account, which is equivalent to an Annual Savings of Rs.1200
- Enjoy 25 Reward Points on every Rs. 100 spent at BPCL Fuel, Lubricants & Bharat Gas (Website and app only) spends
- Enjoy 10 Reward Points on every Rs. 100 spent at Dining, Departmental Stores, Grocery & Movies (Up to 7500 Reward Points per month)
Fee
- Joining Fee (one-time):Rs. 1499. Renewal Fee (per annum): Rs. 1499.
BPCL SBI Card
- 4.25 % Valueback (13X* Reward Points equivalent to 3.25% + 1% Fuel surcharge waiver on every transaction of upto Rs. 4,000, exclusive of GST and other charges), at any BPCL petrol pump across the country.
- Maximum surcharge waiver of Rs. 100 in a billing cycle, which is equivalent to an Annual Savings of Rs.1200.
- 4.25% Valueback ~ 13X* Reward Points on fuel purchases at BPCL petrol pumps. Maximum 1300 Reward Points per billing cycle
- 3.25% + 1% Fuel surcharge waiver on every BPCL transaction upto ? 4000 (exclusive of GST and other charges)
Fee
Joining Fee (one-time) :Rs. 499. Welcome gift worth Rs. 500. Renewal Fee (per annum) :Rs. 499.ICICI Bank
ICICI Bank HPCL Coral American Express Credit Card
- Keep fuel costs under check with these benefits.
- Earn 6 ICICI Bank Rewards Points per ? 100 spent on fuel at HPCL.
- Redeem 2,000 from ICICI Bank Rewards Points for fuel worth ? 500
- 2.5% cashback & zero surcharge on fuel purchase at HPCL
Fee
- Joining Fee – Rs 199 + goods and services tax
- Annual Fee (First year) – NIL
- Annual Fee (Second year onwards) – ? 199* + goods and services tax
ICICI Bank HPCL Super Saver Credit Card
- Joining benefit of 2,000 ICICI Rewards points on activation and fee payment and Rs.100 cash back on HP Pay App
- 24*7 Complimentary RSA services
- 5% back (in reward points) on utility, grocery and departmental store purchases
- 5% cashback on all your fuel spends at HPCL fuel pumps at any bank POS machine and 1.5% additional cashback in form of reward points on HP Pay app.
Fees
- Joining Fee – Rs 500 + Goods and Services Tax (GST)
- Annual Fee (second year onwards) – Rs 500* + GST (can be waived on spends of Rs 1,50,000 per year)
- Supplementary Card Fee – Rs 100
HPCL Coral Credit Card
- Earn 2 ICICI Bank Reward Points on every ?100 spent on retail purchases except fuel
- Get 2.5% cashback and savings of 1% fuel surcharge on fuel purchases at HPCL pumps
- 25% discount on movie ticket bookings up to ?100 per transaction
- Earn 2 ICICI Bank Rewards on every ?100 spent on retail purchases except fuel.
- Redeem 2000 from ICICI Bank Rewards for fuel worth ? 500
- 2.5% cashback and savings of 1% fuel surcharge on fuel purchases at HPCL pumps
Fee
- Joining Fee – Rs 199 + GST
- Annual Fee (First year) – NIL
- Annual Fee (Second year onwards) – Rs 199* + GST
Axis Bank
Indianoil Axis Bank Credit Card
- Enjoy benefit of 4% value back on fuel transactions by earning 20 reward points per INR 100 spent at any IOCL fuel outlet in India.
- Transact in India at IOCL fuel outlet between INR 400 to INR 4000 to avail the offer.
- Maximum eligible spends per calendar month: INR 5000
- Fuel Surcharge Waiver
- Free yourself from paying fuel surcharge waiver of 1%
- Fuel Spends In India at any Fuel outlet between INR 400 to INR 4000 to avail the offer. Maximum waiver of Rs 50 per statement cycle.
- GST charged on fuel surcharge is non-refundable
Fee
- Joining Fee: Rs. 500.
- Annual Fee: Nil first year and Rs. 500 for second year (Waived off on spending Rs. 50,000 in a year).
Kotak Mahindra Bank
IndianOil Kotak Credit Card
- Best Rewards with IndianOil Kotak Credit Card
- Save 4% as Reward Points on IndianOil Fuel Spends. Earn 24 Reward Points on every INR 150 spent, capped at 1200 Reward Points per statement cycle
- Save 2% back as Reward Points on Grocery and Dining spends. Earn 12 Reward Points on every INR 150 spent, capped at 800 Reward Points per statement cycle
- On all other spends, save 0.5% back as Reward Points. Earn 3 Reward Points on every INR 150 spent
- Get 1000 Reward points as welcome benefit on spending Rs 500 within 30 days of card issuance
- All UPI on Credit Card transactions will accrue 0.5% Reward Points on every INR 150 spent, across spend categories
- 1% fuel surcharge waiver on transactions between Rs 100 to Rs 5059 with maximum surcharge waiver of INR 100 per statement cycle only at IndianOil outlets
Fee
- Annual fee of Rs 449 waived on spending Rs 50,000 in the previous anniversary year.
- Joining Fee: Rs 449. Annual Fees: Rs 449. Condition for waiver of Annual Fees – First Year
- Rs 50,000 spends in the previous year.
