10 Best Fuel Credit Cards in India 2023

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Best fuel credit cards in India
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Hey guys do you want to save money on your fuel spending?

Yes, you can save money on your fuel spending by using these fuel credit cards in India. You may think that you have to pay fuel surcharge fees when using credit cards to purchase fuel in India, But there are fuel credit cards that offer huge rewards and cashback on fuel spending.

Today, I will share a list of the best fuel credit cards available in India, You can earn free fuel and cashback using these credit cards.

I will share a list of the best credit cards for fuel purchases in India, these credit cards are better known as fuel credit cards. So read this blog post completely to know which credit card is best for you to purchase fuel in India. I will also guide you on how to choose the best fuel credit card, what is a fuel credit card and the benefits of using fuel credit cards.

Also Read: SBI Cashback Credit Card Review

What is a fuel Credit Card?

A fuel credit card is a credit card that offers good cashback and rewards for fuel purchases. Generally, credit card charges extra fuel surcharge on your fuel purchase but you will earn rewards when you use a fuel credit card.

Fuel stations in India are managed by some big companies like Indian Oil, BPCL, HPCL & Reliance, etc. Many banks have launched some special category credit cards in partnership with these oil companies. These fuel credit cards are designed to purchase fuel from particular fuel companies’ stations, And you will earn huge rewards.

For example, if you use an SBI BPCL octane credit card at BPCL fuel stations then you can save 7.25% on your fuel purchase. There are many fuel credit cards in India, you have to choose which is the best for you as per your need.

Also Read: How to check credit score for free

Why do you need a fuel Credit Card?

When you pay for fuel purchases via debit card, UPI, etc, your money will be debited from your bank account. But when you purchase fuel using a credit card, you will get an interest-free period up to 90 days and you will earn interest on that money by keeping it with you. But if you use general credit cards at fuel stations you have to pay an extra surcharge fee. And when you use fuel credit cards you will earn high rewards & cashback for fuel spending. In other words, you will free fuel by using a fuel credit cards. So you need a fuel credit card to earn rewards on your fuel purchase.

Also Read: Onecard Review – Lifetime free metal card

How To Choose Fuel Credit Cards

Now it comes to how you can choose the best fuel credit card for you, You have to check some factors while choosing these fuel credit cards. First, you need to know how much you spend per year on fuel, on which fuel station you purchase regularly, then you have to check these fuel credit cards fees, reward rate,s and other benefits. I have added full information about these cards and shared a list of best fuel credit cards in India.

Ease of Rewards: While choosing fuel credit cards you have to check its reward process. The reward & cashback system should be clear and easy to understand.

Spending pattern: Look at your fuel spending pattern like at which fuel station you purchase fuel regularly, what is your monthly spending on fuel. It is very important to analyze your fuel spending pattern before applying for fuel credit cards.

Fees & Charges: Consider charges & fees associated with fuel credit card before applying unless rewards & cashback will be impacted regularly.

Other benefits: Fuel credit cards are most rewarding credit cards for fuel purchase but some of these credit cards also offer other benefits like discount on movies, dining etc, so choose the credit card for spending very wisely.

Welcome benefit: Many credit cards have good welcome benefits you can choose those cards which has high reward rate and welcome bonus.

Best Fuel Credit Cards in India

1. SBI BPCL Octane

SBI BPCL Octane credit card
  • Best Suited for: Fuel
  • Reward type: Reward point
  • Reward rate: up to 7.25%
  • Joining fee: Rs.1499
  • Renewal fee: Rs.1499
  • 6000 reward points welcome bonus
  • Annual fee waiver on spending 1 lakh rupees in a year
Apply now
  • 25 reward points on Rs.100 spending at BPCL pumps (maximum 2500 reward points per cycle)
  • Value of each reward point = Rs. 0.25
  • 10 reward points per Rs.100 spent on groceries, departmental stores, and movie tickets (maximum 7500 reward points per cycle)
  • 1% fuel surcharge waiver at all BPCL pumps on transactions below Rs.4000
  • 4 complimentary domestic airport lounge access (1 per quarter)
  • Complimentary fraud liability cover of Rs.1 lakh

With BPCL SBI Octane credit card you will get 7.25% value back on your fuel purchase at BPCL pumps.

2. HPCL BoB Enegrie

HPCL BoB Enegrie Credit Card
  • Best suited for: Fuel
  • Joining fee: Rs.499
  • Renewal fee: Rs.499
  • Reward type: Reward points
  • Reward rate: up to 6.5%
  • Welcome benefit: 2000 reward points worth 500 on spending RS.5000 in first 60 days and Rs.100 in HP pay wallet on spending Rs.1000
  • Other benefits: 25% discount up to 100 on movie ticket booking
  • Annual fee waiver on spending Rs.50000 or more in the previous year
Apply now
  • 24 reward points per Rs.150 spent (maximum 1000 per cycle) = 4% value back
  • 1% fuel surcharge waiver on transactions between Rs.400 to Rs.5000 (capped at Rs.100 per cycle)
  • 10 reward points per Rs.150 on grocery, utility, and departmental stores.
  • 12 reward points on other spends which is approx 3% value back
  • Extra 1.5% cashback on using HP Pay app.

BoB Financial launched this HPCL energie credit card, especially for fuel spending at HPCL outlets. You can save up to 6.5% on your fuel spending using this credit card.

3. ICICI HPCL Coral Card

ICICI Bank HPCL Coral Credit Card
  • Best suited for: Fuel
  • Joining fee: Rs.199
  • Renewal fee: First year free then Rs.199/year
  • Reward type: reward points
  • Reward rate: up to 3.5%
  • Annual fee waiver on spending Rs.50000 in the previous year
Apply now
  • Earn 2 reward points on every Rs.100 spent on retail purchases except fuel.
  • 2.5% cashback on fuel purchase (up to 100 per statement cycle) on a minimum transaction of Rs.100
  • 1% fuel surcharge waiver on fuel purchase at HPCL pumps on transactions up to Rs.4000
  • 25% discount up to Rs.100 on movie ticket booking on BookMyShow( twice a month).
  • Dining offers through ICICI bank culinary treat program.

ICICI HPCL coral credit card is a mid-level credit card best suited for fuel spending. You will get 2.5% cashback (up to Rs.100) and an additional 1% fuel surcharge waiver. This offer is applicable only at HPCL fuel stations, so this can be one of the best fuel credit cards for you if you regularly purchase fuel from HPCL fuel pumps.

4. HPCL ICICI Platinum Card

ICICI Bank HPCL Platinum Credit Card
  • Best suited for: Fuel
  • Joining fee: Rs.199
  • Renewal fee: Rs.199
  • Reward type: reward points
  • Reward rate: up to 3.5%
Apply now
  • 2 reward points per every Rs.100 spent on all retail purchases except fuel.
  • 2.5% reward points on fuel purchases at HPCL pumps ( up to Rs.100 per cycle)
  • Rs.100 off on movie tickets via BookMyShow
  • Value of each reward point = 0.25 INR
  • Rs.99 reward redemption fee is applicable
  • 2 complimentary airport lounge access outside India.
  • 1% fuel surcharge waiver at all HPCL pumps for transactions below Rs.4000

HPCL ICICI platinum credit card is very similar to the ICICI HPCL coral credit card, But getting an HPCL ICICI Platinum card is easy for beginners.

5. ICICI bank HPCL Super Saver

ICICI Bank HPCL Super Saver Credit Card
  • Best suited for: Fuel/ Shopping/ DEpartmental store
  • Joining fee: Rs.500
  • Renewal fee: Rs.500
  • Reward type: reward point
  • Reward rate: up to 6.5%
  • Welcome benefit: 2000 reward points on spending Rs.5000 within the first 45 days
Apply now
  • 5% cashback as reward points on utilities, grocery & departmental stores.
  • 25% discount up to 100 on movie ticket booking on BookMyShow
  • 4% reward points on fuel purchases at HPCL outlets (capped at RS.200 per statement cycle).
  • 1% fuel surcharge waiver at HPCL petrol pumps (capped at Rs.100 per statement cycle).
  • Additional 1.5% cashback at HPCL outlets when you use HP Pay app.
  • 5% cashback on HP gas cylinder booking and if you book through HP Pay app then you will get additional 1.5% cashback.

ICICI HPCL Super saver credit card can be one of the best fuel credit cards for you if you regularly refuel at HPCL petrol pumps. When you book HP gas cylinder you will get a 5% value back.

6. BPCL SBI Card

SBI BPCL Credit Card
  • Best suited for: Fuel
  • Reward type: reward point
  • Reward rate: 4.25% (3.25% reward points + 1% surcharge waiver)
  • Joining fee: Rs.499
  • Renewal fee: Rs.499
  • Welcome bonus: 200 reward points worth Rs.500
  • Annual fee waiver on spending Rs.50000 in a year
Apply now
  • 13x reward points on fuel spent at BPCL pumps (up to 1300 reward point per month)
  • 1% fuel surcharge waiver at all filling stations accross India for transactions below Rs.4000 (capped at Rs.100 per cycle)
  • 5x reward points on departmental stores, groceries, dining and movie spends (up to 500rp per month)
  • 1 reward point per Rs.100 spent with an SBI BPCL credit card.
  • A reward redemption fee of Rs.99 is applicable
  • You can use Reward points at BPCL pumps (1RP=1INR)

With SBI BPCL credit card you will get 4.25% value back (3.25% reward point + 1% surcharge waiver) on fuel spending at BPCL pumps.

7. Indianoil IDFC Card

  • Best suited for: Fuel
  • Reward type: Fuel points
  • Reward rate: 6% (5% cashback + 1% surcharge waiver)
  • Joining fee: Rs.500
  • Renewal fee: Rs.500
  • Annual fee waiver on spending Rs.50000 in a year
Apply now
  • Joining fee waiver on spending Rs.20000 in first 90 days.
  • 5% fuel points for spending at Indian oil pumps, grocery, and bill payments (up to Rs.250 per month)
  • 1% fuel surcharge waiver on all fuel transactions above Rs.400 (Maximum Rs.250 per statement cycle)
  • Fuel points are redeemable for free fuel using the Indianoil xtrarewards program.
  • Value of fuel points at Indianoil outlets = 96 paise
  • Value of fuel points on reward catalog = 20 paise

Indian oil HDFC credit card is best suited for fuel filling at Indian oil pumps. You can earn 5% cashback as fuel points and an additional 1% fuel surcharge waiver.

8. Axis Bank Indian Oil

Axis Bank Indian Oil
  • Best suited for: Fuel
  • Reward type: reward points
  • Reward rate:
  • Joining fee:
  • Renewal fee:
  • Welcome bonus: 100% cashback on fuel up to 250 in the first 30 days.
  • Annual fee waiver on spending Rs.50000 in the past year
Apply now
  • 20 reward points for every Rs.100 spent at the IOCL outlet
  • 5 reward points on every Rs.100 spent on online shopping
  • Up to 20% discount on dining bills at partner restaurants
  • 1% fuel surcharge waiver
  • 10% discount on movie ticket booking on BookMyShow
  • Value of reward points on Edge portal = 20 paise

9. Indian oil Citibank Platinum card

Indian oil Citibank Platinum card
  • Best suited for: Fuel
  • Reward type: Fuel points
  • Reward rate: 3.66%
  • Joining fee: Rs.1000
  • Renewal fee: Rs.1000
  • Welcome bonus: 250 Turbo points on card activation
  • Annual fee waiver on spending 3 lakh in past year
Apply now
  • 4 Turbo points on every Rs.150 spent & 1% fuel surcharge waiver at Indian oil outlets
  • 2 Turbo points on every Rs.150 spent on groceries and supermarket.
  • 1 Turbo point = Rs.1 of free fuel
  • Up to 20% discount on partner restaurants

Indian oil Citibank credit card has a low reward rate and high fees.

10. HDFC Bharat Card

HDFC Bharat Card
  • Best suited for: Shopping, Fuel
  • Reward type: reward point
  • Reward rate: 6% (5% back + 1% fee waiver)
  • Joining fee:
  • Renewal fee:
Apply now
  • You will earn cashback as reward point
  • 5% cashback on fuel spends at any fuel station in India
  • 1% surcharge waiver on transactions above Rs.400 (maximum Rs.250 per statement cycle).
  • 5% cashback on all Easy EMI nad Smartbuy transactions.

Also Read: Best Credit Cards for movie ticket booking

FAQs

What is Fuel surcharge?

Fuel surcharge is a charge levied on the use of a credit card to purchase fuel. Fuel surcharge can be 1% to 2.5% of the total fuel purchase amount.

Can we consider fuel surcharge waiver credit cards as the best fuel credit card?

No, fuel surcharge waiver credit cards are not considered as the best fuel credit cards, now a days many credit cards offer fuel surcharge waiver. Fuel credit cards has high reward rate on fuel purchase.

Are there any tax on fuel surcharge?

Yes, there is a service tax applicable on fuel surcharge amount. This service tax is applicable on fuel surcharge amount and not on fuel purchase amount.

Summary

I have shared a list of the best credit cards for fuel purchases in India, most of these credit cards are co-branded credit cards in partnership with oil companies & banks. So you have to choose which is the best fuel credit card for you as per your requirements. I hope this blog post was helpful for you to choose the best credit card for fuel purchases. Kindly share this blog post with others on your social media.

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