This article will explore the key features of the Best Fuel Credit Cards in India, the benefits they offer, and how to choose the right one for your needs.
Best Credit Card for Fuel 2023
In India, where vehicular transportation plays a vital role in daily life, many motorists seek ways to save on fuel expenses. One such avenue for savings is the best fuel credit card.
Designed to reward users for their fuel purchases and offer additional perks, these cards have become powerful financial tools for frequent drivers.
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Best Fuel Credit Cards in India in 2023
In addition to fuel-related benefits, these cards often extend their advantages to other categories. Users may enjoy discounts on utility bills, dining, or shopping at select merchants, making it a comprehensive money-saving tool.
Additional perks may include fuel surcharge waivers, and access to airport lounges, enhancing the overall value of the card and making it a favorable choice for those who travel frequently.
Best Fuel Credit Cards in India
IndianOil HDFC Bank Credit Card
Key Features
Joining fee: Rs. 500
Annual fee: Rs. 500
Welcome Benefits: N/A
Fuel/Rewards Benefits: You can accumulate Fuel Points equal to 5% of your expenditures when making purchases at IndianOil outlets, as well as on groceries and bill payments. Additionally, you have the opportunity to acquire 1 Fuel Point for every Rs. 150 spent on all other transactions. The rate at which rewards accumulate with this card can reach up to 4.8%, rendering it an exceptionally advantageous credit card for both fuel and everyday expenditures.
Read more about IndianOil HDFC Bank Credit Card
Indian Oil Axis Bank Credit Card
Key Features
Joining fee: Rs. 500
Annual fee: Rs. 500
Welcome Benefits: You will enjoy a full refund of 100% (up to Rs. 250) on your fuel purchases during the initial 30 days after activating your card.
Fuel/Rewards Benefits: The 4% fuel reward is applicable exclusively for transactions falling within the range of Rs 100 to Rs 5000. The accelerated EDGE RP for fuel is limited to a maximum of 1000 RP each month, which sets an upper limit of Rs 5000 as the monthly cap for a 4% cashback on fuel. Additionally, you can benefit from a 1% fuel surcharge exemption for transactions ranging from Rs 200 to Rs 5000, with a maximum waiver of Rs 50 per statement. This imposes a cap on the fuel surcharge waiver at Rs 5000 for fuel expenditures in a single statement cycle.
Read more about Indian Oil Axis Bank Credit Card
ICICI Bank HPCL Super Saver Credit Card
Key Features
Joining fee: Rs. 500
Annual fee: Rs. 500
Welcome Benefits: You will receive 2,000 reward points – If you make a transaction of at least Rs. 5,000 within 45 days of card issuance and pay the joining fee within 2 statement cycles. Also, you will receive Rs. 100 cashback on the HP Pay app – On a successful recharge transaction of at least Rs. 1,000.
Fuel/Rewards Benefits: Get 4% cashback of up to Rs. 200 per month on fuel purchases at HPCL pumps. Get 5% back as reward points capped at 400 points per month on grocery, departmental stores, and utility bill spends. Also, get 2 reward points on every Rs. 100 spent on retail purchases except fuel, departmental store, and utility. Additional 1.5% savings of up to 300 reward points per month at the rate of 6 points per Rs. 100 spent on fuel at HPCL fuel outlets on payment via the HP Pay app. 1 ICICI bank reward point = Rs. 0.25.
Read more about ICICI Bank HPCL Super Saver Credit Card
Best Fuel Credit Cards in India
BPCL SBI Card Octane
Key Features
Joining fee: Rs. 1,499
Annual fee: Rs. 1,499
Welcome Benefits: As a welcome offer, you’ll receive a generous 6,000 bonus points.
Fuel/Rewards Benefits: You can accumulate 25 reward points for every Rs. 100 spent at BPCL fuel stations, which equals to an impressive reward rate of 6.25%. Furthermore, you can obtain 10 reward points for each Rs. 100 spent on groceries, departmental store purchases, and movie tickets, resulting in a respectable reward rate of 2.5%. For all other expenses, excluding mobile wallet top-ups and fuel transactions at non-BPCL stations, you’ll earn 1 reward point for every Rs. 100 spent, providing a reward rate of 0.25%.
Read more about BPCL SBI Card OCTANE
BPCL SBI Credit Card
Key Features
Joining fee: Rs.499
Annual fee: Rs.499
Welcome Benefits: – N/A
Fuel/Rewards Benefits: There is a surcharge waiver of up to Rs. 100 each month at BPCL petrol stations across the country, which can lead to annual fuel savings of up to 70 liters. This all adds up to a solid 4.25% value back on your SBI BPCL Credit Card. Moreover, you can enjoy 5 times the reward points for every Rs. 100 spent on groceries, dining, movie tickets, and departmental store purchases.
Read more about BPCL SBI Credit Card
HPCL Bank of Baroda (BoB) ENERGIE Credit Card
Key Features
Joining fee: Rs. 499
Annual fee: Rs. 499
Welcome Benefits: As a welcome bonus, on spending Rs. 5,000 or more the first 60 days after paying the joining fee, you will get 2,000 Bonus RPs.
Fuel/Rewards Benefits: Get 24 Reward Points per Rs. 150 spent on fuel transactions at all the HPCL fuel stations. 10 Reward Points per Rs. 150 spent on groceries and departmental spending. Get 2 Reward Points per Rs. 150 spent on other categories.
Read more about HPCL Bank of Baroda (BoB) ENERGIE Credit Card
Standard Chartered Super Value Titanium Credit Card
Key Features
Joining fee: Rs. 750 + applicable taxes
Annual fee: Rs. 750 + applicable taxes
Welcome Benefits: Upon spending Rs. 5,000 or above within the initial 60 days after paying the joining fee, you’ll receive a bonus of 2,000 Reward Points.
Fuel/Rewards Benefits: Additionally, acquire 24 Reward Points for every Rs. 150 spent on fuel transactions at any HPCL fuel station. For expenses on groceries and departmental purchases, you’ll collect 10 Reward Points for every Rs. 150 spent. Furthermore, any other category of expenditure will fetch you 2 Reward Points per Rs. 150 spent.
Read more about Standard Chartered Super Value Titanium Credit Card
IndianOil Citi Credit Card
Key Features
Joining fee: Rs. 1,000
Annual fee: Rs. 1,000
Welcome Benefits: Upon activating your card, you’ll receive a welcoming perk of 250 Turbo Points
Fuel/Rewards Benefits: Additionally, earn 1 Turbo Point for each Rs. 150 spent, 2 Turbo Points for every Rs. 150 spent at supermarkets, and 4 Turbo Points for every Rs. 150 spent on fuel.
Read more about IndianOil Citi Credit Card
Selecting the Best Fuel Credit Cards in India:
To find the best Fuel Credit Cards in India, consider the following factors before making your decision:
- Assess Your Spending Habits: Analyze your monthly fuel expenses and determine how much you can realistically charge to a credit card. Some cards may offer higher rewards on fuel purchases, while others may have broader spending categories.
- Rewards and Benefits: Compare the reward structures of various fuel credit cards. Look for cards that offer higher cashback or reward points specifically on fuel purchases. Additionally, consider the additional benefits such as fuel surcharge waivers, discounts on other expenses, or exclusive privileges. It’s very factor to select the best Fuel Credit Cards in India.
- Partnered Fuel Stations: Check the list of affiliated petrol pumps where the card’s rewards are applicable. Ensure that there are conveniently located fuel stations that accept the credit card to make the most of its benefits. It’s very factor to select the best Fuel Credit Cards in India.
- Annual Fees and Charges: Review the annual fees and other charges associated with the card. A card with high rewards might have higher fees, so calculate whether the benefits outweigh the costs. It’s very factor to select the best Fuel Credit Cards in India.
- Interest Rates: Be aware of the card’s interest rates, especially if there is a likelihood of carrying a balance. Opt for a card with lower interest rates to avoid accruing excessive debt.
- Redemption Options: Understand the redemption process for earned rewards or cashback. Look for cards that offer flexible redemption options like direct credit to your account or redeemable vouchers. It’s very factor to select the best Fuel Credit Cards in India.
- Customer Support and Online Services: Check the accessibility and quality of customer support services. Additionally, ensure that the credit card provider offers user-friendly online banking and mobile apps for convenient account management. It’s very factor to select the best Fuel Credit Cards in India.
- Additional Features: Consider other features like complimentary roadside assistance, airport lounge access, or travel benefits if they align with your needs and preferences.
Best Fuel Credit Cards in India
Conclusion
The best Fuel Credit Cards in India serve as an excellent financial tool for motorists seeking to optimize their fuel expenses and enjoy additional benefits.
By carefully evaluating your spending habits and comparing the rewards, benefits, and fees of different fuel credit cards, you can make an informed decision and select the card that best suits your lifestyle and helps you save significantly on fuel costs.
With the right fuel credit card in hand, you can navigate India’s roads with ease and financial prudence.
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