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Best Fuel Credit Cards in India for Extra Cashback
In India, due to the frequent uptick in fuel prices, both petrol and diesel, having the best fuel credit card is probably the best option when managing your monthly budget. You get the opportunity to make extra reward points and some cashback on your unavoidable monthly fuel spends. Even though you cannot entirely avoid this fixed cost, a little reward after purchase never hurt anyone.
Fuel credit cards also offer various benefits and rewards in other categories like travel, lifestyle, entertainment, and dining. We have curated a list of the best fuel credit cards that help you make the most of your spends.
List of 9 Best Fuel Credit Cards For 2022
1. IndianOil Citi Credit Card
- The all-rounder IndianOil Citi credit card gives you accelerated rewards on fuel and grocery spends.
- Offers the exchange of reward points for free fuel (1 Turbo point = Re 1 of free fuel)
- 4 Turbo points on every Rs 150 spent on fuel.
- Up to 20% discount on dining at partner restaurants.
- 2 Turbo points on every Rs 150 spent on groceries and at departmental stores.
- Earned reward points do not expire.
- Turbo points can be exchanged for air miles and cash/ statement credit.
- Rewards on fuel are only applicable at Indian Oil fuel stations.
- No rewards on entertainment and travel categories.
2. BPCL SBI Credit Card
- An entry-level fuel credit card, the BPCL SBI card also provides accelerated rewards on other categories
- You get rewards on grocery, dining, movie tickets, and departmental store spends.
- Lost card liability of up to Rs 1 Lakh as insurance
- A welcome gift of 2,000 reward points (worth Rs 500) is credited on activation.
- 25X reward points on BPCL fuel stations across the country.
- 4 complimentary lounge visits each year at domestic airports.
- 5X reward points earned on dining, movie tickets, groceries, and departmental stores.
- Rewards on fuel are only applicable at BPCL fuel stations.
- Fuel Surcharge waiver is capped at Rs 100 per month.
3. IndianOil HDFC Bank Credit Card
- IndianOil HDFC Bank credit card is a co-branded fuel card, available via the country’s largest credit card issuer.
- It offers up to 50 litres of free fuel annually in terms of rewards and cashback.
- Also comes with safety features like Zero lost card liability in the event of loss or fraud
- Earn 5% fuel points (up to 250) at IndianOil fuel stations for the first 6 months.
- 5% fuel points (up to 100) on groceries and utility bill payments.
- 1% fuel surcharge waiver across all fuel purchases in India.
- Complimentary IndianOil XTRA REWARDS Program membership
- The reward is limited to IndianOil pumps.
- Reward redemption process is complicated.
4. HDFC Bharat Credit Card
- This is one of the only few credit cards on this list, part of the Rupay Card network.
- It offers benefits such as savings up to Rs 3,600 annually in the form of cashback and rewards.
- There is also a list of cashback credit cards you should know about.
- Also offers various safety features like lost card liability and EMV chip protection.
- 5% cashback on railway bookings using IRCTC.
- 5% cashback on fuel and grocery spending.
- 5% cashback on all EMI and Smartbuy purchases.
- 5% instant cashback on utility bill payments.
- Restrictive monthly caps on earning cashback. Refer to this page for more details
5. ICICI Bank HPCL Credit Card
- ICICI Bank HPCL credit card is an all-rounder with benefits extending to various categories like fuel, travel, dining, entertainment, and utility.
- It also offers a decent rewards system in partnership with PAYBACK.
- Fuel surcharge waiver of up to 2.5%.
- Welcome benefits of 2000 reward points are credited on activation.
- 5% reward points earned on groceries and departmental stores.
- Complimentary airport lounge access (1 per quarter on spending Rs 5,000).
- 25% off on movie tickets using BookmyShow and INOX.
- Offers on fine dining using the ICICI bank culinary treats program.
- Restrictive monthly cap on fuel and entertainment cashback/ reward points
6. Bank of Baroda Prime Credit Card
- Bank of Baroda Prime is a fuel credit card that offers various features like accelerated rewards on fuel and certain cashback on other spends.
- Also comes with Personal Accidental Death insurance cover and lost card liability.
- Given this is a lifetime free card, it can count among the best student credit cards in India as well.
- 1% cashback on all spends, irrespective of category
- 4 reward points on every Rs 100 spent.
- Any transactions above Rs 2,500 can be converted into easy EMIs.
- You can also avail this card against a fixed deposit.
- 1% Fuel surcharge waiver across all fuel stations in India.
- No rewards on entertainment and dining.
7. IndianOil Axis Bank Credit Card
- IndianOil Axis credit card offers accelerated rewards on fuel purchases and also decent rewards on all other spends.
- It comes with extended benefits like 20% off on partner restaurants using the Dining delights program
- You get a 10% instant discount on BookMyShow purchases.
- 100% cashback of up to Rs 250 on fuel in the first month of activation.
- 20 reward points on every Rs 100 spent at IOCL fuel stations.
- 5 reward points on every Rs 100 spent on shopping spends
- For every Rs 100 spent on all other purchases, you earn 1 Axis Edge reward point.
- No travel benefits like airport lounge access.
- Accelerated rewards on fuel are only applicable at Indian Oil outlets.
8. Standard Chartered Super Value Titanium Credit Card
- Standard Chartered Super Value Titanium is an entry-level credit card with cashback focused on fuel and utility bill payments.
- It also offers premium features like access to international and domestic airport lounges using Priority Pass
- 5% cashback on fuel, utility bills, and phone bills
- 5% cashback on all fuel spends upto Rs 200 per month.
- 5% cashback on utility bill payments.
- Complimentary access to airport lounges across the globe using Priority Pass.
- 1 reward point for every Rs 150 spent on all other categories.
- A monthly upper limit on reward earnings.
- The reward rate is low in other categories.
9. Kotak League Platinum Fuel Credit Card
- A reward-centric fuel credit card offered by Kotak Mahindra bank, the Kotak League Platinum Fuel card has features as unique as its name.
- You get accelerated reward points in every category.
- It also offers milestone-based features and privileges.
- 8X reward points on every Rs 150 spent.
- Lost card liability of up to Rs 1.25 lakhs.
- 1 Reward point for every Rs 100 spent.
- Access to railway and fuel surcharge waiver.
- No complimentary international airport lounge access
- These are the best lounge access credit cards in India.
Compare Best Credit Cards with Lowest Interest Rates
| Credit Cards | Joining Fees | Fuel benefits |
|---|---|---|
| IndianOil Citi | Rs 1,000 | 4 Turbo points per Rs 150 |
| BPCL SBI | Rs 499 | 13X reward points |
| IndianOil HDFC Bank | Rs 500 | 5% back as Fuel Points |
| HDFC Bank Bharat | Rs 500 | 5% cashback on fuel |
| ICICI Bank HPCL | Rs 500 | 5% cashback at HPCL pumps |
| Bank of Baroda Prime | 0 | Zero fuel surchaerg |
| Standard Chartered Super Value Titanium | Rs 500 | 5% cashback on fuel |
| Kotak League Platinum Fuel | Rs 499 | Fuel surcharge waiver up to Rs 3,500 |
What to look for in a good fuel credit card?
1.Fuel discounts/ cashback
The most important thing to look for in a fuel credit card is the magnitude of discounts and cashback it offers on your fuel purchases. Ideally, go for one which gives you straight cashback as statement credit to help you save directly. You should also look for one with generous monthly limits, especially if your monthly spends are high.
2.Surcharge waiver
Another aspect of saving when refilling fuel in your car or bike is of surcharge. A lot of good credit cards offer fuel surcharge waiver. They usually come with certain minimum and maximum thresholds, so go for one with the most practical limits for your case.
3.Brand-specific partnership
A lot of the fuel credit cards are results of partnerships between the issuing bank and a fuel retail chain like Indian Oil, BPCL, HPCL, and more. Take into consideration your most frequented outlets, the ones near your home and office, and then take an informed decision for which brand-specific card to apply for. These ones usually offer good rewards on your spends.
4.Other benefits
Apart from fuel benefits, you should also look for rewards or cashback on categories like grocery, dining, online shopping, and more to avail additional benefits that most credit cards offer these days. An all-rounder card makes it easier to consolidate all spends onto a single card. You can check your eligibility via BankKaro.
Fuel surcharge waivers and other rewards can significantly reduce your expenses in the long run. Apart from these, a few cards also offer milestone-based rewards that further reduce your spending. Choosing a card with no annual fees or getting a fee waiver can also help you spend less and enjoy more. Hope all of this information has helped you in making an informed decision for your next fuel credit card. You can also check our overall best credit card list for more details. Best of luck.