Top 6 Best Credit Cards for Fuel Savings in India
With fuel prices constantly fluctuating, managing fuel expenses has become essential for smart financial planning. A credit card for fuel not only helps you save on every refuel but also offers added benefits across other categories like entertainment, dining, and shopping. Many leading banks and financial institutions now provide specialized fuel credit cards with exclusive cashback, reward points, and fee waivers.
These cards typically come with annual fees ranging from zero to Rs.1,000 and an interest rate between 3.25% to 3.40% per month. Whether you are a frequent commuter or someone looking to optimize your spending, using a dedicated fuel card can make a significant difference.
In this guide, we bring you the Top 6 Best Credit Cards for Fuel to help you choose the right one that aligns with your lifestyle while offering maximum savings.
Top 6 Best Credit Cards for Fuel
| Credit Card Variant | Joining Fee |
|---|---|
| BPCL SBI Credit Card | Rs. 499 |
| Indian Oil Kotak Credit Card | Rs. 449 |
| ICICI HPCL Coral Credit Card | Rs. 199 plus GST |
| IndianOil HDFC Bank Credit Card | Rs. 500 |
| ICICI HPCL Super Saver Credit Card | Rs. 500 plus GST |
| IndianOil Axis Bank Credit Card | Rs. 500 |
1. BPCL SBI Credit Card
The BPCL SBI Card is a co-branded fuel card introduced through a partnership between SBI Card and Bharat Petroleum Corporation Ltd (BPCL). It provides a variety of rewards and benefits, not only on fuel purchases but also on groceries, departmental store shopping, dining, and entertainment. The card comes with a joining fee of ₹499.
Card Fees and Charges
- Suitable for: Entertainment, Grocery, Shopping, Transportation
- Annual Fee: ₹499 + GST
- joining fee: ₹499
Cashback / Rewards and Benefits
| Category | Details |
|---|---|
| Rewards on Household Expenses | |
| Groceries | Earn Reward Points at a rate of 1.0% (5x on grocery spends) |
| Transportation | Earn Reward Points at a rate of 1.0% (13x at any BPCL petrol pump across the country) |
| Utilities | Earn Reward Points at a rate of 1.0% |
| Rewards on Lifestyle Expenses | |
| Clothing and Fashion | Earn Reward Points at a rate of 1.0% (5x on departmental stores) |
| Technology and Electronics | Earn Reward Points at a rate of 1.0% (5x on departmental stores) |
| Food and Dining | Earn Reward Points at a rate of 1.0% (5x on dining spends) |
| Entertainment | Earn Reward Points at a rate of 1.0% (5x on Movie tickets) |
| Travel and Leisure | Earn Reward Points at a rate of 1.0% |
| Additional Benefits | |
| Welcome Benefits | 2,000 welcome bonus Reward Points (worth ₹ 500) upon joining fee payment, credited after 20 days, redeemable for fuel or catalog items |
| Domestic Lounge Access | Zero airport lounge access |
| International Lounge Access | Zero airport lounge access |
| Milestone Benefits | Annual fee waiver on spending more than ₹ 50,000 in the preceding year |
| Luxury Benefits | Zero golf rounds and zero lessons across golf courses |
| Rewards Conversion Rate | Reward Points conversion rate of 1 RP = ₹ 0.25 |
| Repayment Terms | |
| Finance Charges | 42% per annum |
2. Indian Oil Kotak Credit Card
The IndianOil Credit Card is an entry-level card offering multiple rewards across various categories, including 60 liters of fuel annually. Issued by Kotak Mahindra Bank, this card comes with a joining fee of ₹449 and rewards on purchases like groceries, fuel, dining and more. Below are further details on the Kotak IndianOil Credit Card.
Card Fees and Charges
- Suitable for: Transportation
- Annual Fee: ₹499 + GST
- Joining Fee: ₹449
Cashback / Rewards and Benefits
| Category | Sub-Category | Details |
|---|---|---|
| Rewards on Household Expenses | Groceries | Earn Reward Points at a rate of 2.0% |
| Transportation | Earn Reward Points at a rate of 4.0% | |
| Utilities | Earn Reward Points at a rate of 0.5% | |
| Rewards on Lifestyle Expenses | Clothing and Fashion | Earn Reward Points at a rate of 0.5% |
| Technology and Electronics | Earn Reward Points at a rate of 0.5% | |
| Food and Dining | Earn Reward Points at a rate of 2.0% | |
| Entertainment | Earn Reward Points at a rate of 0.5% | |
| Travel and Leisure | Earn Reward Points at a rate of 0.5% | |
| Additional Benefits | Welcome Benefits | 1,000 Reward Points + ₹ 250 Amazon voucher on spending ₹ 500 in 30 days |
| Domestic Lounge Access | Zero airport lounge access | |
| International Lounge Access | Zero airport lounge access | |
| Milestone Benefits | Annual Fee waiver on spending ₹ 50,000 in the previous anniversary year | |
| Luxury Benefits | Zero golf rounds and zero lessons | |
| Rewards Conversion Rate | 1 RP = ₹ 0.30 | |
| Repayment Terms | Finance Charges | 42% per annum |
| Bundled Insurance | Life Insurance | Personal accident cover - ₹ 2 lakhs |
3. ICICI HPCL Coral Credit Card
ICICI Bank is one of the largest banks in India, providing a wide range of banking and financial products, including credit cards. The credit card from ICICI Bank come with various features, benefits, and privileges tailored to meet the needs of customers from different backgrounds.
Specifically, the ICICI Bank HPCL Coral VISA Credit Card is designed to assist individuals in managing the increasing cost of fuel while offering additional benefits that enhance their lifestyles.
Card Fees and Charges
- Suitable for: Entertainment, Food and Dining, Transportation
- Joining Fee: ₹199 + GST
- Annual Fee: (First year) - NIL
- Annual Fee: (Second year onwards) - ₹199* + GST
Cashback / Rewards and Benefits
| Category | Subcategory | Details |
|---|---|---|
| Rewards on Household Expenses | Groceries | Earn Reward Points at a rate of 2.0% |
| Transportation | Cashback of 2.5% | |
| Utilities | Earn Reward Points at a rate of 2.0% | |
| Rewards on Lifestyle Expenses | Clothing and Fashion | Earn Reward Points at a rate of 2.0% |
| Technology and Electronics | Earn Reward Points at a rate of 2.0% | |
| Food and Dining | Earn Reward Points at a rate of 2.0% | |
| Entertainment | Earn Reward Points at a rate of 2.0% | |
| Travel and Leisure | Earn Reward Points at a rate of 2.0% | |
| Additional Benefits | Welcome Benefits | Not available |
| Domestic Lounge Access | Zero airport lounge access | |
| International Lounge Access | Zero airport lounge access | |
| Milestone Benefits | Annual fee waiver on spending more than ₹ 50,000 in the preceding year | |
| Luxury Benefits | Zero golf rounds and zero lessons across golf courses | |
| Rewards Conversion Rate | Reward Points conversion rate of 1 RP = ₹ 0.25 | |
| Repayment Terms | Finance Charges | 40.80% per annum |
4. IndianOil HDFC Bank Credit Card
The IndianOil HDFC Bank card is a co-branded credit card offered by HDFC Bank and Indian Oil Corporation. It is specially designed for individuals who frequently use their vehicles for travel within the city.
This card provides a variety of features and benefits, particularly in the fuel category among others. The IndianOil HDFC Bank credit card has an annual fee of Rs. 500 and a monthly interest rate of 3.49%.
Card Fees and Charges
- Suitable for: Grocery, Transportation
- Annual Fee: ₹500 + GST
- Joining Fee: Nill
Cashback / Rewards and Benefits
| Category | Description |
|---|---|
| Rewards on Household Expenses | |
| Groceries | Earn Fuel Points at a rate of 5.0% |
| Transportation | Earn Fuel Points at a rate of 5.3% |
| Utilities | Earn Fuel Points at a rate of 5.0% |
| Rewards on Lifestyle Expenses | |
| Clothing and Fashion | Earn Fuel Points at a rate of 0.7% |
| Technology and Electronics | Earn Fuel Points at a rate of 0.7% |
| Food and Dining | Earn Fuel Points at a rate of 0.7% |
| Entertainment | Earn Fuel Points at a rate of 0.7% |
| Travel and Leisure | Earn Fuel Points at a rate of 0.7% |
| Additional Benefits | |
| Welcome Benefits | Not available |
| Domestic Lounge Access | Zero airport lounge access |
| International Lounge Access | Zero airport lounge access |
| Milestone Benefits | Annual fee waiver on spending more than ₹ 50,000 in the preceding year |
| Luxury Benefits | Zero golf rounds and zero lessons across golf courses |
| Rewards Conversion Rate | Fuel Points conversion rate of 1 FP = ₹ 0.96 |
| Repayment Terms | |
| Finance Charges | 45% per annum |
5. ICICI HPCL Super Saver Credit Card
The HPLC Super Saver credit card from ICICI Bank is an excellent choice for savvy shoppers. The card provides cashback on a range of purchases and offers savings on expenses related to utilities, fuel, and departmental stores.
Card Fees and Charges
- Suitable for: Transportation
- Annual Fee: ₹500 + GST
- Joining Fee: Rs.500 plus GST
Cashback / Rewards and Benefits
| Category | Expense Type | Rewards Description |
|---|---|---|
| Rewards on Household Expenses | Groceries | Earn Reward Points at a rate of 2.0% (5% cashback on grocery spends) |
| Transportation | Earn Reward Points at a rate of 5.0% (additional 1.5% on fuel purchases via HP Pay app at HPCL) | |
| Utilities | Earn Reward Points at a rate of 2.0% (5% back on utilities) | |
| Rewards on Lifestyle Expenses | Clothing and Fashion | Earn Reward Points at a rate of 2.0% (5% cashback on departmental stores) |
| Technology and Electronics | Earn Reward Points at a rate of 2.0% (5% cashback on departmental stores) | |
| Food and Dining | Earn Reward Points at a rate of 2.0% | |
| Entertainment | Earn Reward Points at a rate of 2.0% | |
| Travel and Leisure | Earn Reward Points at a rate of 2.0% | |
| Additional Benefits | Welcome Benefits | Joining benefit of 2,000 Reward Points applies only to cards charged a joining fee |
| Domestic Lounge Access | 4 complimentary airport lounge access per year at participating lounges | |
| International Lounge Access | Zero airport lounge access | |
| Milestone Benefits | Annual fee waiver on spending ₹ 1.50 lakhs in the preceding year | |
| Luxury Benefits | Zero golf rounds and zero lessons across golf courses | |
| Rewards Conversion Rate | Reward Points conversion rate of 1 RP = ₹ 0.25 | |
| Repayment Terms | Finance Charges | 42% per annum |
| Bundled Insurance | Life Insurance | Personal accident cover - ₹ 2 lakhs |
6. IndianOil Axis Bank Credit Card
The IndianOil Axis Bank Credit Card is designed to provide not just savings on fuel costs but also on various other expenses. This fuel credit card offers numerous benefits and features, including savings on every fuel purchase, such as enhanced reward points and surcharge waivers. Additionally, the card provides advantages in other categories as well.
Card Fees and Charges
Suitable for: Shopping, Transportation, Travel
Annual Fee: ₹500 + GST
Joining Fee: Rs.500
Cashback / Rewards and Benefits
| Category | Expense Type | Reward Rate | Additional Details |
|---|---|---|---|
| Rewards on Household Expenses | Groceries | Earn EDGE Reward Points at a rate of 5.0% | - |
| Transportation | Earn EDGE Reward Points at a rate of 20.0% | - | |
| Utilities | Earn EDGE Reward Points at a rate of 1.0% | - | |
| Rewards on Lifestyle Expenses | Clothing and Fashion | Earn EDGE Reward Points at a rate of 5.0% | (10x on Pantaloons, 5x on Nykaa, 5x on Tata CLiQ) |
| Technology and Electronics | Earn EDGE Reward Points at a rate of 5.0% | (5x on Croma) | |
| Food and Dining | Earn EDGE Reward Points at a rate of 1.0% | (5x on Swiggy) | |
| Entertainment | Earn EDGE Reward Points at a rate of 1.0% | - | |
| Travel and Leisure | Earn EDGE Reward Points at a rate of 1.0% | (5x on flight and hotel booking, 10x on MakeMyTrip or Yatra) | |
| Additional Benefits | Welcome Benefits | Cashback (up to ₹ 250) on fuel transactions | Within 90 days of card issuance |
| Domestic Lounge Access | Zero airport lounge access | - | |
| International Lounge Access | Zero airport lounge access | - | |
| Milestone Benefits | Annual fee waiver on spending ₹ 50,000 | In the preceding year | |
| Luxury Benefits | Zero golf rounds and zero lessons across golf courses | - | |
| Rewards Conversion Rate | EDGE Reward Points | Conversion rate of 1 EDGE RP = ₹ 0.20 | - |
| Repayment Terms | Finance Charges | 52.86% per annum | - |
Wrapping Up
Choosing the right credit card for fuel savings in India can significantly reduce your expenses at the pump. The top six options offer great rewards, cashback, and discounts, helping you maximize your savings while enjoying added benefits for your everyday spending.