Do you use your personal vehicle to commute and rising fuel prices are burning a hole in your pocket? I am here to help you take that extra mile by getting you some rewards and benefits on your existing fuel spending. This article will help you choose the best credit cards for fuel spending.
Best Fuel Credit Cards in India
Here I am listing all the credit cards in India for fuel spending and will also recommend some of the cards as per a broad classification.
AMEX Gold Charge
Photo Credit: American Express
- Variant: AMEX
- The reward rate on fuel is a minimum of 6.66%(Amazon Vouchers) and approximately 10%(Travel Redemptions) if you can do 6 transactions of ₹1,000 each.
- Joining Fee: ₹1000+GST
- Annual Fee: ₹4999+GST
- Surcharge Waiver: Full waiver at HPCL bunks on transactions max up to ₹5000.
AMEX Membership Rewards
Photo Credit: American Express
- ariant: AMEX
- The reward rate on fuel is a minimum of 6.66%(Amazon Vouchers) and approximately 10%(Travel Redemptions) if you can do 4 transactions of ₹1500 each or 4 or more transactions greater than ₹1500 each totalling ₹20,000.
- Joining Fee: ₹1000+GST
- Annual Fee: ₹4500+GST (Waived off on annual spends of ₹1.5L).
- Surcharge Waiver: Full waiver at HPCL bunks on transactions max up to ₹5000.
SBI BPCL Octane
Photo Credit: SBI BPCL Octane Credit Card
- Variant: VISA Signature
- The reward rate on fuel is 6.25% value back on a maximum of up to ₹4000/transaction and ₹10,000/month.
- Joining Fee: ₹1499+GST
- Annual Fee: ₹1499+GST (Waived off on annual spending of ₹2L).
- Surcharge Waiver: 1% up to ₹100/Month on a transaction max up to ₹4000.
- Milestone Benefits: E-Gift Voucher worth ₹2000 on 3L spends.
SBI is running an exciting welcome offer for credit card applications via referral. You will get an e-voucher worth ₹500 on spending min ₹500 within 30 days of card issuance.
Photo Credit: IDFC FIRST BANK POWER CREDIT CARD
- Variant: Rupay
- The reward rate on fuel spends is 4% cashback up to ₹400/month when swiped on any bank POS or HP Pay Application.
- Joining Fee: ₹499+GST
- Annual Fee: ₹499+GST (Waived off on annual spends of ₹1.5L).
BOB HPCL Energie Credit Card
Photo Credit: Bank Of Baroda Energie credit card
- Variant: Rupay
- The reward rate on fuel spends is 4% cashback up to ₹250/month when swiped on any bank POS or HP Pay Application.
- Joining Fee: ₹500+GST
- Annual Fee: ₹500+GST (Waived off on annual spends of ₹50K).
ICICI HPCL Super Saver
Photo Credit: ICICI HPCL Super Saver
- Variant: Visa Platinum
- The reward rate on fuel spends is 4% cashback up to ₹200/month when swiped on any bank POS or HP Pay Application.
- Joining Fee: ₹500+GST
- Annual Fee: ₹500+GST (Waived off on annual spending of ₹1.5L).
Photo Credit: Union Bank Uni Carbon Credit Card
- ariant: Rupay Platinum
- The reward rate on fuel spends is 4% cashback up to ₹150/month when swiped on any bank POS or HP Pay Application.
- Joining Fee: ₹499+GST
- Annual Fee: ₹499+GST (Waived off on annual spending of ₹1.5L).
- Surcharge Waiver: 1% fuel surcharge waiver up to ₹100/month on a minimum of ₹200 per transaction.
ICICI HPCL Coral AMEX
Photo Credit: ICICI Coral Credit card
- Variant: AMEX
- The reward rate on fuel is 2.5% cashback up to ₹100 and 6 PAYBACK points (~net 4%) only when swiped on ICICI EDC Machines for a minimum of ₹500/transaction.
- Joining Fee: ₹199+GST
- Annual Fee: ₹199+GST (Waived off on annual spends of ₹50K).
- Surcharge Waiver: 1% up to ₹100/Month on a transaction of max up to ₹4000.
Kotak IndianOil
Photo Credit: Kotak IndianOil Credit Card
- Variant: VISA Signature/RuPay
- The reward rate on fuel is 4% cashback up to ₹300 per month.
- Joining Fee: ₹449+GST
- Annual Fee: ₹449+GST (Waived off on annual spends of ₹50K).
- Surcharge Waiver: 1% on spending between ₹200 to ₹5000 per month.
Axis Bank IOCL Credit Card
Photo Credit: Axis Bank IOCL Credit Card
- Variant: VISA Signature/RuPay
- The reward rate on fuel is 4% cashback up to ₹200 per month.
- Joining Fee: ₹500+GST
- Annual Fee: ₹500+GST (Waived off on annual spends of ₹50K).
- Surcharge Waiver: 1% on spending between ₹200 to ₹5000 per month.
Standard Chartered Super Value Titanium
Photo Credit: Standard Chartered Super Value Titanium
- Variant: MasterCard
- The reward rate on fuel is 4% cashback up to ₹160/month on a maximum of ₹2000/transaction at any fuel pump in India. The unique thing about this card is that it works even online on fuel wallets and even if you scan PayTM QR at fuel bunks and punch in the card digits.
- Joining Fee: ₹750+GST
- Annual Fee: ₹750+GST (Waived off on annual spends of ₹90K).
- Surcharge Waiver: 1% up to ₹20 cashback per transaction of the maximum value of ₹2000 at any fuel pump in India.
Gadgets Gears Maximum
Fuel Surcharge Waiver Condition
There is a peculiar condition attached to fuel surcharges and their waiver every time you fill your vehicle. For every swipe equal to or less than ₹1000 a 1% surcharge is applicable subject to a minimum value of ₹10 per transaction but reversal is done only for the actual amount of fuel that you have purchased. So this isn’t a big deal for four-wheelers but for two-wheelers where the tank full value is usually below that number, it’s a bit disadvantageous. So keep this in mind while you are fuelling next time. I will also be recommending cards based on this in the recommendation section