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With the rise in fuel prices across India, the option to save on fuel expenses becomes more valuable and fuel credit cards are one such option. These cards provide benefits like enhanced cashback or rewards on refuelling at affiliated fuel stations.
These cards are usually issued by the leading issuers, such as SBI Card, HDFC Bank, Axis Bank, RBL Bank and others, in collaboration with major fuel companies, like Indian Oil, HPCL, and BPCL. So, you can choose a fuel credit card based on your fuel brand preference to avail accelerated co-branded benefits and value-back on your fuel spends.
To help you decide, here is a list of the best credit cards for fuel in India.

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Top Credit Cards for Fuel in India 2024 (December)

Given below is a list of the top credit cards for fuel in India 2024. Compare and find the best fuel credit card in India as per your needs and requirements.

IndianOil RBL Bank XTRA Credit Card

indianoil-rbl-credit-cards
4/5

Joining fee: ₹1500

Annual/Renewal Fee: ₹1500

Up to 8.5% savings on IOCL fuel spends

1,000 Fuel Points on reaching Rs. 75,000 quarterly spends

Co-branded
Reward Points
Fuel
Check Eligibility

Product Details

  • Save 7.5% as 15 Fuel Points per Rs. 100 spent on IOCL fuel
  • 1% fuel surcharge waiver on fuel spends of Rs. 500 to Rs. 4,000
  • 2 Fuel Points per Rs. 100 spent on other categories; 1 Fuel Point = Rs. 0.50 for IOCL fuel purchase
  • 3,000 Fuel Points as welcome benefit on making 1st card spend of min. Rs, 500 within the 1st 30 days
  • Annual Fee waived of on Rs. 2.75 lakh annual spends
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BPCL SBI Card Octane

sbi-bpcl-credit-card-octane
4/5

Joining fee: ₹1499

Annual/Renewal Fee: ₹1499

7.25% value back on BPCL fuel expenses

10X rewards on dining, movies, groceries & departmental store spends

Co-branded
Fuel
Check Eligibility

Product Details

  • 25 reward points per Rs. 100 spent on BPCL fuel, lubricants & Bharat Gas; 1 reward point on others
  • 1% fuel surcharge waiver, up to Rs. 100 per month, on BPCL fuel spends of up to Rs. 4,000
  • 6,000 reward points as welcome bonus on fee payment, 1 RP = Rs. 0.25
  • 4 complimentary visits per year to domestic Visa lounges in India
  • Fee waived on Rs. 2 lakh annual spends & Rs. 2,000 e-gift voucher on Rs. 3 lakh annual spends
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ICICI HPCL Super Saver Credit Card

hpcl-super-saver-credit-card
3.5/5

Joining fee: ₹500

Annual/Renewal Fee: ₹500

Up to 6.5% savings on HPCL fuel spends

5% back on grocery & utilities

Fuel
Check Eligibility

Product Details

  • 4% cashback, max. Rs. 200 per month, on HPCL spends & 1% on fuel surcharge
  • Save additional 1.5% as 6 reward points per Rs. 100 spent on HPCL fuel via the HP Pay app
  • 2 reward points per Rs. 100 spent on other retail purchases, 1 RP = Rs. 0.25
  • Rs. 100 cashback on recharge via HP Pay app & 2,000 reward points as joining bonus
  • 1 domestic airport lounge access per quarter on spending Rs. 35,000 in the previous quarter
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IndianOil Axis Bank Credit Card

indianoil-credit-card
3/5

Joining fee: ₹500

Annual/Renewal Fee: ₹500

Save up to 5% on IOCL fuel spends

1% back as 5 EDGE reward points per Rs. 100 spent on online shopping

Co-branded
Fuel
Check Eligibility

Product Details

  • 4% back as 20 EDGE reward points per Rs. 100 spent on IOCL fuel
  • 1% fuel surcharge waiver of up to Rs. 50 per month on fuel spends of Rs. 400 to Rs. 4,000
  • 1 EDGE reward point per Rs. 100 spent on other spends, 1 EDGE reward point = Rs. 0.20
  • 100% cashback, up to Rs. 250, as EDGE rewards on the 1st fuel spend made within the 1st 30 days
  • Annual fee waived off on Rs. 3.5 lakh annual spends and up to 15% off on dining via EazyDiner
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IndianOil HDFC Credit Card

indianoil-hdfc-bank-credit-card
3/5

Joining fee: ₹500

Annual/Renewal Fee: ₹500

Up to 6% savings on IndianOil fuel spends

5% fuel points on groceries and bill payment spends

Co-branded
Fuel
Check Eligibility

Product Details

  • 5% fuel points on spends done at IndianOil outlets
  • 1% fuel surcharge waiver, up to Rs. 250 per month, for IOCL fuel spends of Rs. 400 and above
  • 1 fuel point per Rs. 150 spent on other purchases, including UPI, where 1 fuel point = Up to Rs. 0.96
  • Complimentary IndianOil XTRAREWARDS Program (IXRP) membership on joining
  • Annual fee waived off on spending Rs. 50,000 in a year
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IDFC FIRST Power+ Credit Card

hpcl-idfc-first-power-and-power-plus-credit-cards
3.5/5

Joining fee: ₹499

Annual/Renewal Fee: ₹499

Up to 6.5% value-back on HPCL fuel spends

30 rewards per Rs. 150 spent on grocery, utilities & IDFC FIRST FASTag

Co-branded
Reward Points
Fuel
Check Eligibility

Product Details

  • 5% savings as 30 rewards per Rs. 150 spent on HPCL fuel & LPG
  • 1.5% savings as 6 Happy Coins per Rs. 100 spent on HP Pay app
  • 3 rewards per Rs. 150 spent on UPI & other purchases, 1 RP = Rs. 0.25
  • 1 complimentary domestic airport lounge access per quarter on min. monthly spends of Rs. 20,000
  • 25% off, up to Rs. 100, on movie tickets once per month & annual fee waived on Rs. 1.5 lakh annual spends
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IndianOil Kotak Credit Card

indianoil-kotak-credit-card
3/5

Joining fee: ₹449

Annual/Renewal Fee: ₹449

Up to 5% savings on card spends made on IndianOil fuel

2% back as 12 reward points per Rs. 150 dining and grocery spend

Co-branded
Fuel
Check Eligibility

Product Details

  • Save 4% as 24 reward points per Rs. 150 IndianOil fuel spend
  • 1% fuel surcharge waiver of up to Rs. 100 per month on IOCL fuel spends between Rs. 100 to Rs. 5,000
  • 3 reward points per Rs. 150 spent on others; 1,000 reward points on making a spend of min. Rs. 500 in the 1st month
  • 300 Reward Points = 250 IndianOil XTRAREWARDS = Rs. 75 (1 RP = Rs. 0.25; 1 XTRAREWARDS = Rs. 0.30)
  • Annual fee waived off on Rs. 50,000 annual spends
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ICICI Bank HPCL Coral Credit Card

icici-bank-hpcl-coral-visa-credit-cards
3/5

Joining fee: ₹199

Annual/Renewal Fee: ₹199

Up to 3.5% savings on HPCL fuel spends

25% off up to Rs. 100 per transaction on BookMyShow movie tickets

Fuel
Check Eligibility

Product Details

  • 2.5% cashback, up to Rs. 100 per month, on HPCL spends of min. Rs. 500
  • 1% surcharge waiver on HPCL fuel spends worth up to Rs. 4,000 per transaction
  • 2 ICICI bank rewards points per Rs. 100 retail spend, except fuel
  • 15% off on dining via ICICI Bank Culinary Treats program
  • Annual fee reversed on Rs. 50,000 annual card spends
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Video: 5 Best Fuel Credit Cards in India 2024

Note: Details mentioned in the video have been sourced from the issuer’s website as of August 2024. For updated information, refer to this page.

Fuel Credit Cards with High Rewards and Cashback

The following list shows the top credit cards for fuel in India, selected based on the value-back offered with respect to the annual fee charged. To find the best credit card for petrol, evaluate your preferences and fuel expenses carefully.

1. IndianOil RBL Bank XTRA Credit Card

IndianOil RBL Bank Credit Cards

Joining Fee: Rs. 1,500 | Annual Fee: Rs. 1,500

IndianOil RBL Bank XTRA Credit Card is a premium variant of IndianOil RBL Bank Credit Card. Users can earn up to 8.5% value back on IOCL fuel spends, which is currently the highest value-back among all fuel credit cards in the market.
The card offers value back in the form of Fuel Points , which can be redeemed at IndianOil fuel stations at a 1:1 ratio. Some of the key features and benefits of this credit card are mentioned below:

Key Features and Benefits:

  • 15 Fuel Points for every Rs. 100 spent at IndianOil fuel stations, up to 2,000 Fuel Points per month
  • 1% fuel surcharge waiver, up to Rs. 200 per month, on fuel spends between Rs. 500 and Rs. 4,000
  • 2 Fuel Points for every Rs. 100 spent on other categories
  • Redeem Fuel Points at a value of 1 Fuel Point = Rs. 0.50 and 1 XTRAREWARD Point = Rs. 0.30
  • 3,000 Fuel Points on first transaction of at least Rs. 500 within 30 days of card issuance
  • 1,000 Fuel Points on reaching the spending milestone of Rs. 75,000 in a calendar quarter
IndianOil RBL Bank XTRA Credit Card, offering an impressive 8.5% value back, stands out as the top fuel credit card in India, especially for those loyal to IOCL. By spending approximately Rs. 45,000 per month with this card, you can earn up to 250 litres of fuel in a year—a benefit that outperforms even the popular BPCL SBI Octane Credit Card by a margin of 1.25%. It’s important to note that this card is specifically tailored for fuel expenses, offering accelerated benefits exclusively on fuel spends.
Unlike other fuel cards like BPCL SBI Octane or IDFC FIRST Power Plus, which offer additional benefits on everyday purchases, this card focuses on maximizing your fuel savings. For daily commuters, this card is an excellent choice to maximize value on fuel spends.

2. BPCL SBI Card Octane

BPCL SBI Octane Credit Card

Joining Fee: Rs. 1,499 | Annual Fee: Rs. 1,499

BPCL SBI Card Octane is a premium version of BPCL SBI Card and comes with additional advantages and saving options on your spends.
With this card, you can get 7.25% value back on online BPCL spends made via the website or mobile app. This card also gives you a good start with a welcome bonus worth the annual card fee. Some of the key features of this best credit card for fuel in India are as follows:

Key Features and Benefits:

  • 25 reward points per Rs. 100 spent at BPCL fuel, lubricants & Bharat Gas (website and app only), up to 500 points per month on Bharat Gas spends
  • 10 reward points per Rs. 100 spent on dining, groceries, movies, and departmental stores, up to 7,500 points per month
  • 1 reward point per Rs. 100 spent on other retail purchases
  • 6,000 bonus reward points worth Rs. 1,500 on annual fee payment
  • 4 Reward Points = Rs. 1
  • 1% fuel surcharge waiver, up to Rs. 100 per month, on fuel spends of up to Rs. 4,000 made across BPCL petrol pumps in India
  • 4 complimentary domestic Visa lounge visits in India per year, max. 1 per quarter
  • Rs. 2,000 e-gift vouchers from Aditya Birla Fashion/ Yatra/ Bata-Hush Puppies on Rs. 3 lakh annual spends
  • Annual fee waived on reaching Rs. 2 lakh annual spends
Best-suited for Bharat Petroleum loyalists, BPCL SBI Octane comes with a rewards rate of 6.25% on BPCL spends. Though its annual fee might be a bit higher as compared to other fuel credit cards, the overall value-back makes up for it.
Apart from fuel benefits, it also comes with a good value-back on movies, grocery, dining and departmental store spends. Moreover, its complimentary lounge access feature is also one the best among all co-branded fuel credit cards with up to 4 lounge access without any associated spend-based condition.

Must read: Best Credit Cards for Reward Points | Check Eligibility for Top Credit Cards

3. ICICI HPCL Super Saver Credit Card

ICICI Bank HPCL Super Saver Credit Card

Joining Fee: Rs. 500 | Annual Fee: Rs. 500

ICICI Bank HPCL Super Saver Credit Card is one of the best credit cards for fuel that rewards you for your fuel transactions at HPCL petrol pumps. You can earn up to 5% cashback every time you use this card for fuel transactions.
This credit card also offers benefits across other categories, such as travel, entertainment and more. Below mentioned are some of the major benefits of this credit card:

Key Features and Benefits:

  • 4% cashback, up to Rs. 200 per month, on fuel spends at HPCL pumps
  • Additional 1.5% savings as 6 reward points per Rs. 100 spent at HPCL fuel outlets via HP Pay app
  • 5% back as reward points, up to 400 points per month, on grocery, departmental store and utility bill spends
  • 2 reward points per Rs. 100 spent on other retail purchases
  • Bonus 2,000 reward points on spending Rs. 5,000 within 45 days of card issuance and on joining fee payment
  • 1 reward point = Rs. 0.25
  • 1% cashback on fuel surcharge applicable on all fuel spends worth up to Rs. 4,000
  • Rs. 100 cashback on recharge via HP Pay app
  • 1 complimentary domestic airport lounge access per quarter on spending Rs. 35,000 in the previous calendar quarter
  • 25% off, up to Rs. 100 per transaction twice a month, on booking min. 2 movie tickets on BookMyShow and INOX
  • Annual fee waived off on reaching annual spends of Rs. 1.5 lakh
With 4% cashback, 1% back on fuel surcharge and additional 1.5% rewards on HPCL fuel spends, ICICI HPCL Super Saver credit card offers considerable savings options on your fuel spends. Unlike most co-branded fuel credit cards, this card offers 1% back on fuel surcharge on all fuel spends without any limitation on brands.
Apart from the rewards program, the cardholders also get movie discounts using which they can save up to Rs. 2,400 on their movie spends every year. So, this card can be a good option for those who prefer HPCL fuel over other brands, want a decent value-back on daily household spends and frequently go out to watch movies.

Must read: Best Cashback Credit Cards in India | Check Eligibility for Top Credit Cards

4. IndianOil Axis Bank Credit Card

IndianOil Axis Bank Credit Card

Joining Fee: Rs. 500 | Annual Fee: Rs. 500

IndianOil Axis Bank Credit Card gives you decent returns of 4% as EDGE reward points on fuel spends and is more suitable for those who prefer to shop online.
The card is designed in such a way that it makes sense to get it if you have fuel spends worth around Rs. 4,000 or above per month. Some of the benefits on this card which make it one of the best petrol credit cards are as follows:

Key Features and Benefits:

  • EDGE reward points equivalent to the 1st fuel spend of up to Rs. 250 made within 30 days of card issuance
  • 4% back as 20 EDGE reward points per Rs. 100 spent on fuel purchases of Rs. 400 to Rs. 4,000 at IOCL outlets in India, up to 1,000 points per month
  • 1% back as 5 EDGE reward points per Rs. 100 spent on online shopping worth Rs. 100 to Rs. 5,000, up to 250 points per month
  • 1 EDGE reward point per Rs. 100 spent on other spends
  • 1 EDGE reward point = Rs. 0.20
  • 1% fuel surcharge waiver, up to Rs. 50 per month, on fuel spends of Rs. 400 to Rs. 4,000
  • Annual fee waived on reaching Rs. 3.5 lakh annual spends
  • 15% off up to Rs. 500 on dining bills of min. Rs. 2,500 once per month via EazyDiner
The IndianOil Axis Bank credit card is a decent fuel credit card for those who prefer Indian Oil Corporation Limited (IOCL) over other fuel brands. With this card, you can receive a value-back of up to 5% on IOCL spends in the form of reward points and surcharge waiver.
In addition to fuel savings, you can also save 1% on your online purchases. While this might not be the best rewards rate for online spends, it is still better than the base rate offered on other spending categories via this card.
The annual fee of Rs. 500 is relatively low, but the condition of Rs. 3.5 lakh annual spends for fee waiver is quite high for this card, especially when compared with similar IndianOil co-branded credit cards offered by Kotak Mahindra Bank and HDFC Bank, which offer fee waivers on just Rs. 50,000 yearly spends. If you are ready to pay a higher annual fee, you can also opt for the premium variant – IndianOil Axis Bank Premium Credit Card

Must read: Best Entertainment Credit Cards in India | Check Eligibility for Top Credit Cards

5. IndianOil HDFC Bank Credit Card

IndianOil HDFC Credit Card

Joining Fee: Rs. 500 | Annual Fee: Rs. 500

IndianOil HDFC Bank Credit Card lets you earn ‘fuel points’ across all spending categories and use the same against fuel purchases at IndianOil fuel stations, as statement credit or against rewards catalogue. You can earn up to 50 litres of free fuel every year, making this card one of the best fuel cards in India. Here are some of the major benefits provided by this card:

Key Features and Benefits:

  • Complimentary membership to IndianOil XTRAREWARDSTM Program (IXRP)
  • 5% back as fuel points on spends made at IndianOil outlets, groceries and bill payments
  • 1 fuel point per Rs. 150 spent on other spending categories, including UPI
  • 1 fuel point = Rs. 0.20 as statement credit, or Rs. 0.96 on XtraRewards Points (XRP) conversion, or up to Rs. 0.20 for redemption against rewards catalogue
  • 1% fuel surcharge waiver, up to Rs. 250 per month, on IOCL fuel spends worth min. Rs. 400
  • Annual fee waiver on spending Rs. 50,000 in a year
IndianOil HDFC credit card lets you save up to 6% on IOCL fuel spends which is quite a good return rate. But you should note that 5% fuel points on IOCL spends come with a monthly capping of 250 points for the first 6 months after which this limit is brought down to 150 points.
So, after 6 months of card issuance, you can maximise on 5% fuel savings by spending Rs. 3,000 on fuel every month. Similarly, 5% fuel points on grocery and bill payments are capped at 100 points per month for each category. So, this card would be more suitable for the customers who do not spend much but want to save on their IOCL and daily household expenses. 

Must read: Best Credit Cards for Online Shopping | Check Eligibility for Top Credit Cards

6. HPCL IDFC FIRST Power+ Credit Card

idfc first hpcl power plus credit card

Joining Fee: Rs. 499 | Annual Fee: Rs. 499

HPCL IDFC FIRST Power+ Credit Card is a co-branded fuel credit card that gives high returns on your fuel expenses at HPCL petrol pumps.
With this card, you can get a value back of up to 6.5% on your fuel spends. Besides fuel, this credit card also gives decent savings on other categories, like groceries and utility expenses.
However, if you do not want to pay an annual fee of Rs. 500, you can also consider applying for the base variant of this card – HPCL IDFC FIRST Power Credit Card. Here are some of the key features and benefits of this fuel credit cards:

Key Features and Benefits:

  • 5% back as 30 reward points per Rs. 150 spent on grocery, utilities & IDFC FIRST FASTag
  • 5% back as 30 reward points per Rs. 150 spent on HPCL fuel & LPG spends
  • 3 reward points per Rs. 150 spent on UPI and other retail spends
  • 1 reward point = Rs. 0.25
  • 6 Happy Coins as Payback Rewards (1.5% savings) per Rs. 100 spent on HP Pay app
  • Rs. 1,000 off on ZoomCar rentals and up to 50% off on Eco Rent A Car & Europcar as welcome bonus
  • 5% cashback, up to Rs. 1,000, on the 1st EMI conversion made within the first 30 days
  • Rs. 500 cashback on 1st HPCL spend of min. Rs. 500 within 30 days of card set-up
  • 1 complimentary domestic airport lounge access per quarter on min. monthly spends of Rs. 20,000
  • 25% off, up to Rs. 100, on movie tickets once per month
  • Annual fee waived off on annual spends of Rs. 1.5 lakh

Suggested Read: Credit Cards with Airport Lounge Access

IDFC FIRST Power Plus Credit Card offers a welcome bonus worth Rs. 2,500, which goes beyond the card joining fee amount. However, not every cardholder may be able to maximise this benefit, as it depends on whether you need the services of the brands involved.
In terms of fuel benefits, this card provides a 6.5% value-back on HPCL spends, which is a good savings percentage for a fuel credit card despite not offering any fuel surcharge waiver. Additionally, you also receive decent returns on groceries, movies, utilities, and FASTag spends, covering some of the major routine expenses.

Must read: Best Credit Cards for Retail Shopping | Check Eligibility for Top Credit Cards

7. IndianOil Kotak Credit Card

IndianOil Kotak Credit Card

Joining Fee: Rs. 449 | Annual Fee: Rs. 449

IndianOil Kotak Credit Card is an entry-level credit card for customers whose fuel transactions cover a significant portion of their expenses. This card is best-suited for those who prefer IndianOil over other fuel brands as it offers up to 5% savings on all your transactions made at IndianOil outlets. Given below are the detailed features of this fuel credit card by Kotak bank:

Key Features and Benefits:

  • 4% back as 24 reward points per Rs. 150 spent on IndianOil fuel, up to 1,200 points per month
  • 1% fuel surcharge waiver, up to Rs. 100 per month, on fuel spends of Rs. 100 to Rs. 5,000 at IndianOil outlets
  • 2% back as 12 reward points per Rs. 150 spent on grocery and dining, up to 800 points per month
  • 0.5% back as 3 reward points per Rs. 150 spent on other categories, including UPI
  • 1,000 reward points on a transaction of min. Rs. 500 within 30 days of card issuance
  • 300 Kotak Reward Points = 250 IndianOil XTRAREWARDS = Rs. 75
  • 1 reward point = Rs. 0.25 & 1 IndianOil XTRAREWARDS = Rs. 0.30
  • Annual fee waived off on reaching Rs. 50,000 spends in the previous year
IndianOil Kotak credit card offers up to 5% value-back on co-branded spends in the form of reward points and fuel surcharge waiver. So, this card is suitable for those who have their own vehicle, use it for their daily commute and incur high fuel expenses every month.
Besides this, the card also offers 2% reward points on grocery and dining spends, covering the two important categories from everyday expenses. However, apart from its rewards program, this card doesn’t offer many saving options on other lifestyle categories. Though you can avail the annual fee waiver by reaching the annual spending milestone of just Rs. 50,000 which is quite easy to achieve.

Must read: Best Credit Cards for Utility Bill Payments | Check Eligibility for Top Credit Cards

8. ICICI Bank HPCL Coral Credit Card

ICICI Bank HPCL Coral Credit Card

Joining Fee: Rs. 199 | Annual Fee: Rs. 199

ICICI Bank HPCL Coral Credit Card comes with cashback on your HPCL fuel spends, unlike most fuel cards that offer savings in the form of reward points.
Ideal for those who want a basic low annual fee fuel credit card and those who prefer to get cashback. Here are some of the other details regarding this card, which is among the best credit cards for fuel in India:

Key Features and Benefits:

  • 2.5% cashback, up to Rs. 100 per month, on HPCL fuel spends worth Rs. 500 and above
  • 1% fuel surcharge waiver on HPCL fuel spends of up to Rs. 4,000 per transaction
  • 2 ICICI bank reward points per Rs. 100 spent on other retail spends
  • 25% off of up to Rs. 100 per transaction on movie tickets booked via BookMyShow
  • 15% off on dining under ICICI Bank Culinary Treats program
  • Annual fee reversed on spending minimum Rs. 50,000 in a year
As a fuel credit card with one of the lowest annual fees, ICICI Bank HPCL Coral credit card lets you save up to 3.5% as cashback on co-branded fuel expenses and rewards you with reward points on other eligible retail spends as well. The reward points you earn on your spends can later be redeemed for future fuel purchases at any HPCL petrol pump. The movie and dining discount offers further add to the overall value-back that you can earn via this card.
However, if you are one of the HPCL loyalists but want better cashback rate with a stronger rewards program, then you can opt for ICICI HPCL Super Saver credit card instead.

Must read: Best Dining Credit Cards in India | Check Eligibility for Top Credit Cards

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Comparison: Top Fuel Credit Cards
Benefits of Fuel Credit Cards
How to Choose the Best Fuel Credit Card?
FAQs on Fuel Credit Cards

Comparison: Top Fuel Credit Cards

Fuel expenses are a major part of monthly budgets for many. To address this, banks like SBI Card, HDFC Bank, RBL Bank, and Axis Bank offer fuel credit cards offering up to 8.5% value back—far exceeding the standard fuel surcharge waiver.

Often co-branded with Indian Oil, HPCL, or BPCL, these cards offer significant rewards on fuel purchases. Explore our comparison table to find the best card for your fuel needs.

Benefits of Fuel Credit Cards

With different card issuers, the benefits offered on fuel credit cards differ. Some fuel cards offer direct discount on fuel transactions while others offer value back through rewards. Here are some of the common benefits that come with the best fuel credit cards in India:

Cashback/ Reward Points: Fuel credit cards often offer higher rewards or cashback on your fuel transactions at partner fuel outlets. Some cards also offer bonus rewards as brand loyalty points for fuel purchases at select outlets or on payment via co-branded fuel app.

Redemption Options: Another way to enhance your savings is through reward points redemption. Fuel credit cards not only offer higher rewards on your fuel expenses but also allow you to redeem the earned reward points against future fuel purchases. For instance, with IndianOil HDFC Credit Card, you can get free fuel of up to 50 litres every year by earning and redeeming the reward points. These accrued reward points can also be redeemed against other options, such as statement credit, gift vouchers and much more.

Co-branded Benefits: Most of the fuel credit cards are co-branded, which means they offer higher benefits only on the collaborated brands. For instance, BPCL SBI Card Octane gives you a value back of up to 7.25% for your purchases at BPCL outlets. Hence, it is important to get a credit card that offers higher rewards or cashback at the fuel stations you prefer visiting.

Complimentary Benefits: Besides basic benefits, some of the cards also offer complimentary benefits like memberships, bonus rewards on achieving spending milestones and more. For instance, IndianOil HDFC Credit Card comes with a complimentary IndianOil XTRAREWARDSTM Program (IXRP) membership, allowing you to enhance your savings on IndiaOil outlets.

How to Choose the Best Fuel Credit Card?

Here are a few factors that you should look for in a best credit card for fuel in India that best aligns with your needs:

Co-branded Benefits You should consider co-branded benefits offered by the card. For instance, if you frequently visit HPCL petrol pumps, then you should opt for a card that offers higher benefits on your fuel transactions made at HPCL petrol pumps rather than having a card that offers similar benefits on other fuel brands.
Additional Discount You should look for a card that lets you save more on your fuel transactions. Some cards offer an additional discount on your fuel transactions at the collaborated brand. Some credit cards offer an additional discount when you achieve a certain spending milestone, whereas, some cards offer an additional discount for a specific period of time at the partnered petrol pump.
Higher Rewards/ Cashback
You should get a credit card that offers higher rewards or cashback on fuel transactions. For instance, IndianOil Axis Bank Credit Card rewards you with a 1% value back for your online transactions, whereas, when it comes to fuel expenses, this credit card offers a value back of 4%, which is higher as compared to other categories.
Fuel Surcharge Waiver
 The fuel surcharge is a charge that is levied on your fuel transactions across all the petrol pumps. Fuel credit cards let you save on this surcharge by providing a waiver on your transactions. This is a basic benefit that is offered by most of the credit cards, but varies in terms of the eligible transactions and the maximum amount that you can get waived off every month.

FAQs on Fuel Credit Cards

Q. What are the benefits offered on fuel credit cards in India?

A. Most of the fuel credit cards are co-branded and offer benefits on the collaborated brand. With fuel cards, you can earn discounts on your fuel expenses or you can also earn cashback or rewards for your transactions.
Most of the best fuel cards also allow you to redeem the earned rewards against future fuel purchases, allowing you to get free fuel. Besides these benefits, fuel credit cards also offer complimentary benefits, like exclusive memberships and bonus rewards.

Q. How can I apply for the best fuel credit card in India?

A. Fuel credit cards are offered by most of the leading credit card issuers, including HDFC, Axis, Kotak, ICICI, SBI Card and more.
You can apply for any of the fuel credit cards by visiting the official website of the respective card issuer or by visiting any of the nearest bank branches. Besides this, you can also click here to check your eligibility & apply for fuel credit cards through Paisabazaar.

Q. Are fuel credit cards worth it?

A. If you commute on a daily basis and fuel expenses cover a large portion of your monthly expenditures, then having a fuel credit card is a good option for you.
Some fuel cards offer value back via cashback or rewards while others offer direct discount. With the right card, you can save on current fuel expenses and also earn additional benefits like bonus rewards which can help you fetch free fuel every year.

Q. Which are the best lifetime free fuel credit cards in India?

A. Most of the card issuers offer lifetime free credit cards which allows you to save on fuel surcharge. But, at present, fuel credit cards are offered with an annual fee as low as Rs. 199. Before applying for any of the fuel credit cards, you must analyse your spending pattern and choose the card that aligns the best with your monthly expenses.

Q. How can I perform fuel credit cards comparison?

A. Before selecting the right fuel card, it is important to compare cards from different issuers to make an informed decision. You can click here to check your eligibility and compare different fuel credit cards in India.

Q. Which credit card for fuel is the best in India?

A. Currently, BPCL SBI Card Octane is one of the best fuel credit cards available in the market if you are a loyal customer of BPCL. With this card, you can earn 25X rewards on your fuel expenses and get a value back of up to 7.25%.
You can also apply for other fuel credit cards like IndianOil Axis or ICICI HPCL Super Saver if you prefer other fuel outlets over BPCL. But the best card can vary for each individual depending upon your personal spending patterns, needs and spending capacity.

Q. What is a fuel surcharge waiver on credit cards?

A. Every time you make a fuel transaction through your credit card, a fuel surcharge is levied which is around 1% to 2% of your transaction amount. However, most of the credit cards offer a fuel surcharge waiver of 1% on your fuel transactions.

Q. Is there an eligibility criterion to apply for a fuel credit card?

A. The eligibility criteria for a fuel credit card vary from issuer to issuer. However, you must have a regular source of income and must be above 18 years old to avail a credit card. You should check the eligibility for the credit card before applying for one to avoid credit card application rejection.

Q. What are the disadvantages of fuel cards in India?

A. Most of the fuel credit cards are co-branded with certain fuel providers which makes them beneficial only if you prefer to make fuel purchases from the respective brand which can be restrictive for some card users.
Moreover, most of these cards offer reward points, so if you prefer to get direct cashback then your options can be limited. Also, if you want better value-back on other spending categories, like online shopping, travel, dining, etc., then opting for other card types would be better.

Also Check: Advantages and Disadvantages of Credit Cards

Q. Which is the best HP fuel credit card?

A. If you prefer HPCL over other fuel outlets, you can apply for ICICI HPCL Super Saver Credit Card, ICICI HPCL Coral Credit Card or HPCL IDFC FIRST Power+ Credit Card.
With these cards, you can get up to 6.5% back on your fuel expenses through rewards or cashback. Remember, all these credit cards charge an annual fee and you should analyse the overall value-back that you can get via the card to make an informed decision.

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