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.
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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.
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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.
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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
With BPCL SBI Octane credit card you will get 7.25% value back on your fuel purchase at BPCL pumps.
2. HPCL BoB Enegrie
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 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
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 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
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
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
9. Indian oil Citibank Platinum card
Indian oil Citibank credit card has a low reward rate and high fees.
10. HDFC Bharat Card
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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.
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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