Best Credit Cards For Fuel Purchase
Fuel is a vital necessity for all of us. Whether it's for your daily commute or a weekend road trip, fuel powers our vehicles. It's a consistent expense that can add up over time, making it both essential and costly. But with a dedicated fuel credit card, you can simplify your payments and save on fuel purchases. Every time you use your IndianOil or any co-branded fuel card, you'll earn rewards or cashback, helping you make the most of your spending.
A fuel credit card is a must-have for any vehicle owner, whether it's a car or a bike, petrol or diesel. It can make your travel expenses more manageable. If you're considering a fuel credit card, you're likely wondering: What exactly is a fuel credit card? Should I get one? Which card is the best for me? These are common questions, and it's important to have clear answers before applying for one.
In this article, we'll walk you through the benefits, rewards, and cashback that fuel credit cards offer. We've also curated a list of the top fuel credit cards in India, many of which are co-branded with popular fuel stations like BPCL, IOCL, and HPCL.
Best Credit Cards For Fuel Payment
We've compiled a list of the top fuel credit cards available in India, helping you find the perfect fit for your spending habits.
| Card Name | Fuel Brand | Annual Fees (Without GST) | Annual Spends Waiver | Rewards on Fuel | Best for Fuel Payment | Fuel Surcharge Waiver | Maximum Capping | Notes |
|---|---|---|---|---|---|---|---|---|
| IndianOil RBL Bank XTRA | IndianOil (IOCL) | ₹1,500 | ₹2.75 Lakhs | 15 Fuel Points for every ₹100 spent at IndianOil fuel stations. Additionally, 1000 Fuel points per calendar quarter spends ₹75,000 or above. |
₹13,333 per month (7.5% reward rate) | 1% on amounts between ₹500 and ₹4,000 (inclusive both) upto ₹200 every month | 2000 Fuel Points per month | Redeem Fuel Points at IndianOil Outlets |
| IndianOil Axis Bank Premium | IndianOil (IOCL) | ₹1,000 | ₹30,000 | 6 EDGE Miles on every ₹150 spent at registered IndianOil fuel pumps. Above 15,000 spends, earn 1 EDGE Mile on every ₹150 spent. |
₹15,000 per month (6% reward rate) | 1% at IOCL outlets | 600 EDGE Miles per month | Minimum 500 EDGE Miles to redeem. |
| Indian Oil Axis Bank RuPay | IndianOil (IOCL) | ₹500 | ₹3.5 Lakh | 20 RPs on every ₹100 spent at any IOCL fuel outlet and transact between ₹400 to ₹4,000 | ₹5,000 per calendar month (4% reward rate) | 1% at any fuel outlet between ₹400 to ₹4,000 up to ₹50 every month. | ₹5,000 spends per calendar month | Not Applicable |
| HPCL Power Plus IDFC First | Hindustan Petroleum (HPCL) | ₹499 | ₹1.5 Lakhs | 30 RPs for every ₹150 spent on HPCL fuel | ₹12,000 per month (6.5% reward rate inclusive of Happy Coins) | 1% on HP transactions between ₹200 and ₹5,000 capped upto ₹100 month | 2,400 RPs per month | Use HP Pay App to save additional 1.5% in the form of Happy Coins and maximum 600 Happy Coins per month |
| HPCL Super Saver ICICI | Hindustan Petroleum (HPCL) | ₹500 | ₹1.5 Lakhs | 20 RPs on every ₹100 spent at HPCL pumps | 5% reward rate | 1% on HP petrol up to ₹50,000 per month | Not Applicable | 1.5% additional value back on using the HP Pay app |
| HPCL Energie Bank of Baroda | Hindustan Petroleum (HPCL) | ₹499 | ₹50,000 | 24 RPs for every ₹150 spent at HPCL retail outlets | ₹6,250 per month (4% reward rate) | 1% on all HPCL fuel pumps transactions between ₹400 to ₹5,000 | 1,000 RPs per month | Not Applicable |
| BPCL Octane SBI | BPCL | ₹1,499 | ₹2 Lakh | 25 RPs on every ₹100 spent at BPCL petrol pumps | ₹10,000 per month (6.25% reward rate) | 1% on every BPCL transaction upto ₹4,000 upto ₹100 per month | 2,500 RPs per month | Not Applicable |
| BPCL SBI | BPCL | ₹499 | ₹50,000 | 13 RPs for every ₹150 spent at BPCL petrol pumps | ₹15,000 per month (3.25% reward rate) | 1% on every BPCL transaction upto ₹4,000 upto ₹100 per month | 1,300 RPs per month | Not Applicable |
| Standard Chartered Super Value Titanium | All fuel stations | ₹750 | ₹90,000 | 5% cashback at all fuel stations upto ₹100 per transaction | ₹4,000 per month (5% cashback rate) | Not Applicable | ₹200 per month | All transactions of ₹2,000 or below are eligible for cashback. |
Conclusion
Whether you're driving a petrol or diesel vehicle, refueling is a regular and essential task for everyone who owns a car or bike. This routine makes fuel credit cards incredibly valuable. While many regular credit cards don’t offer rewards for fuel purchases and may even charge a surcharge, fuel-specific credit cards provide a line of credit along with the added benefit of accelerated rewards points or cashback.
While these cards primarily cater to fuel transactions, many also offer rewards on categories like movies and groceries. With the benefits of a fuel credit card now clearer, choosing the right one becomes easier. Just make sure to evaluate your needs and select a card that helps you maximize its benefits.
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