In India, compared to other countries like USA, China, and Japan, fuel prices are much higher. This has a direct effect on the pockets of a consumer.
If you use personal vehicle for the daily commute, you know what fuel purchase can do to your monthly budget. The petrol prices may be falling for now, but you never know when it does start climbing and causing havoc in your fuel bill.
Not to worry, these 5 best credit cards for fuel in India will help you in managing your fuel bill. Consider, for example, HDFC Bharat Cashback Card, not only you get 1% fuel surcharge waived off but also 5% cashback on your fuel purchases. Sounds great, right!
|Standard Chartered Super Value Titanium Credit Card|
|ICICI HPCL Coral Amex Credit card|
|IndianOil Citi Platinum Credit Card|
|HDFC Bharat Cash Back Credit Card|
Standard Chartered Super Value Titanium Card: the best credit card for fuel
Standard Chartered Super Value Titanium gives you what others card don’t i.e., cashback on fuel, bill payment and recharge as well as reward points to redeem when you purchase items other than those mentioned.
|Annual fees||Rs. 750 every year
One-time joining fee of Rs. 499
|Default payment charges||3.49% per month (41.88% annualized)|
|Rewards program||1 reward point for every Rs. 150 spent on all categories except fuel, telecom, and utilities.|
|Cashback||5% cashback on fuel, telecom, and utility payments|
|Late payment charges||Less than and equal to Rs. 500: Rs. 100
Rs. 501- 2000: Rs. 350
Rs. 2001 - 4000: Rs. 500
Rs. 4001 - 20000: Rs. 700
More than Rs. 20000: Rs. 800
|Cash Advance fees||3.00% of the cash withdrawal or minimum of Rs. 300|
|Overseas Transaction||3.5% of the transaction|
The card gives you 5% cashback on fuel purchases at all major petrol pumps in India. You need to spend at least Rs.750 per transactions to avail this. Also, the maximum cashback on fuel that you can get in every month is Rs.200.
You also earn 1 reward point for every Rs. 150 spent on all categories except fuel, telecom, and utilities. The reward points can be redeemed for vouchers or services featured in the Rewards catalog.
The card offers 1% fuel surcharge waiver and it is applicable at all major petrol pumps (HPCL, BPCL, Indian Oil, Reliance) in India.
Read our Standard Chartered Super Value Titanium Credit Card Full Review for more details.
This card has not much to criticize if your main purpose for signing up is for fuel benefits. However, keep in mind that maximum cashback per transaction is Rs.100 and maximum cashback for fuel is capped at Rs. 200/month.
Another point to note that since on fuel 1% surcharge is waived off already hence the cashback that you would be receiving will not be 5% but 4% only (i.e. 1% less).
In a line of fuel cards to sign up, we think this card has the best value that you can get. There is no problem of applicability or usability on petrol pumps as it is applicable at all leading petrol pumps. And besides, having highest cashback on fuel purchases, you get reward points for other purchases too.
ICICI Bank HPCL Coral American Express Credit Card: Best fuel credit card for HPCL
This card comes with a host of benefits for fuel purchases. The card has 3X rewards on fuel purchase as well as 2.5% cashback on it. Not to mention, the 1% fuel surcharge is waived off too.
|Annual Fee||Rs. 199 on Joining
Rs. 199 (2nd year onwards)
Waived off if you spend at least Rs. 50000 in a year
|Rewards||6 payback points for every Rs. 100 spent on fuel purchases
2 payback points on retail spends
|Interest Rate||3.40% per month (40.80% annualised)|
|Fuel Benefits||Fuel surcharge waiver up to Rs. 4000 at any HPCL petrol pump|
|Other Benefits||Benefits on Dining
Discounts on Movie tickets
Exclusive benefits from AMEX
|Cash Advance Charge||3.4% of withdrawn amount|
|Default Charges||Up to 3.5% on outstanding monthly balance.|
|Late payment Charges||Upto 100: Nil
100-500: Rs. 100
500-1000: Rs. 500
Above 20000: 700
|Foreign currency transaction fee||3.50% per transaction
When you purchase fuel from HPCL petrol pumps, you get 6 points on every Rs. 100 spent, on other purchases you get 2 points for every Rs. 100 spent. What’s important is you can use those points to purchase fuel at HPCL petrol pumps. Every 2000 points would fetch you fuel worth Rs. 500 at HPCL pumps.
Other than rewards points, you also get 2.5% cashback on minimum fuel purchase of Rs.500 which is capped at maximum Rs. 100/month. As already mentioned fuel surcharge is waived off upto a maximum transaction of Rs.4000.
The card also gives you other offers like BookMyShow tickets, complimentary airport lounge access, savings on dinings, etc.
Read our ICICI Bank HPCL Coral American Express Credit Card Review for more details.
From the fuel purchase benefits point of view, the major drawback of this card is that all the benefits of cashback, accelerated reward points, and fuel surcharge waiver is applicable only on HPCL petrol pumps. So, not only you forfeit all those benefits but pay more than what you get if you use this card to buy fuel on petrol pumps other than HPCL.
If only benefits provided on this card could have been at all petrol pumps! You have, on your every fuel purchase, three kinds of benefits cashback, accelerated reward points and finally fuel surcharge waiver. To make it even better the annual fee is just Rs. 199. So, it’s simple, if you normally purchase your fuel from HPCL, this is the card which will save you the most on your fuel bill.
American Express Gold Card: Banking on Bonus Points
This card, although a little costly than other cards on this list, offers lots of ways to accumulate points and to redeem those accumulated points. And if you make use of the bonus points that are offered you can derive great value from your points.
|Annual Fee||Rs. 1000 in 1st year
Rs. 4500 2nd year onwards
|Default charge||5% of outstanding monthly balance or minimum Rs. 300|
|Cash Advance charge||3.5% of withdrawn amount or minimum Rs. 250|
|Bonus Point||1000 points on spending Rs.6000 or above in 6 transactions of Rs.1000 or above every month|
|Rewards||1 point for every Rs.50 on any purchase except for spend at Fuel, Insurance, Utilities and Cash Transactions.
4000 Joining bonus points
|Other||Exciting offers from MakeMyTrip|
You can earn 1000 bonus points every month by simply using your card four times on transactions of Rs. 1000 and above every month. You also earn 5000 bonus points when you renew your card for the first time. If you use your card three times within 60 days of card membership, you get 4000 bonus Membership Rewards points. No to forget you earn 1 Membership Rewards points for every Rs. 50 spent on your card. Too many points, eh!
Well, you also have 3% cashback for each transaction for fuel at the eligible HPCL, IOCL, SHELL and BPCL fuel outlets, which just about covers all the petrol pumps.
Besides, the fuel surcharge is 0% for transactions less than Rs.25000 and 0.3% for above Rs. 25000 at all HPCL petrol pumps.
Read here our American Express Gold Card Full Review for details.
It may appear too good a bargain to have 3% cashback on fuel at almost all the major petrol pumps of India, but it is superficial. The real benefit you get is just 0.5% (except at HPCL petrol pumps) cashback. How? You need to know that the fuel surcharge on this card is 2.5% i.e. 1.5% higher than normal. So, what remains of your 3% cashback after the fuel surcharge is just 0.5%.
One other major discomfiture is the high annual fee at Rs. 4500 per year. And you don’t have any minimum spending limit above which it could be waived off.
If you want to buy a card which can give you a better reward rate for your purchase as well as opportunity to earn bonus points and cashback (on fuel), then this is a good choice of card. How to use those points? Simple, use those points to fuel your fuel bill.
IndianOil Citi Platinum Credit Card: Turbo Points for Fuel
IndianOil Citi Platinium Credit card gives high rewards for fuel purchases in terms of Turbo points. And the icing on the cake is that 1 Turbo point is equivalent to Rs.1 worth of fuel.
|Annual Fees/Renewal Fees||Rs. 1000 every year
Waived off if you spend at least Rs. 30000 in a year
|Rewards||4 Turbo Points for every Rs. 150 spent on fuel purchases
2 Turbo Points on Rs. 150 spent at supermarkets and groceries
1 Turbo Point for others
|Interest Rate||3.25% per month (39.00% annualized)|
|Fuel benefits||Fuel surcharge waiver at any Indian Oil petrol pump|
|Other benefits||15% discount on dining
Personal concierge services
|Payment Default charges||Up to 3.50% per month (42.00% annually)|
|Late Payment charges||Upto 10000 : Rs. 300
10001- 25000: Rs. 600
Above 25000: 950
|Foreign currency transaction fee||3.50% per transaction|
|Cash Advance Fee||2.50%(minimum Rs. 500) per transaction
At international ATMs: US $ 7.5
With this card, you earn an appreciative 4 Turbo Points for every Rs. 150 spent on fuel purchases which account for a reward rate of 2.67% if you redeem your points for fuel at IndianOil outlets. The Turbo Points are capped for a maximum amount of Rs.10,000 per transaction (or 267 Turbo Points). Along with this, you can earn 2 Turbo Points on Rs. 150 spent at supermarkets and groceries and 1 Turbo points for others.
But the thing which makes it attractive as fuel card is that you get full value for your points at IndianOil Petrol pumps, i.e. 1 Turbo points is equivalent Rs.1 (for fuel).
The fuel surcharge is waived off too.
Read here our Indianoil Citi Platinum Credit Card Full Review for details.
Besides having the second highest annual fee (at Rs.1000), the card offers no cashback either. But the biggest sore in the throat is that you can only convert (or for that matter earn) Turbo points for fuel at an equivalent rate only at IndianOil petrol pump outlets.
This card has similar benefits, although a bit subdued, as ICICI HPCL Coral American Express and plagued with the same problem, applicability at a particular petrol pump. Well, if you do not cross path with HPCL petrol pumps then probably you must be using InidianOil petrol pumps, right!
HDFC Bharat Cashback Credit Card: Cashback king
This card is remarkable for its cashback. You get cashback on not only fuels but also on bill payment, recharge, and IRCTC bookings too.
|Annual Fees/Renewal Fees||Rs. 500 every year
Waived off if you spend Rs. 20000 in one year
|Cashback||5% on fuel, bill payment, recharge, IRCTC bookings|
|Fuel Benefits||5% cashback on fuel
Fuel surcharge waiver
|Interest Rate||3.49% per month i.e. 41.88% annually|
|Payment Default charges||Up to 3.5% per month i.e. 42% annually|
|Late Payment charges||Less than Rs. 100: Nil
Rs. 100-500 : Rs. 100
Rs. 501 - 4000: Rs. 400
Rs. 5001 - 10000: Rs. 500
Rs. 10001 and above: Rs. 700
|Foreign currency transaction||3.5%|
|Cash Advance fee||2.5% of amount withdrawn or Rs. 300 whichever is higher|
If cashback is what you love then this card is for you. It offers 5% cashback on fuel. If you drive every day, this is a great card to get some money back. You can earn as much as Rs. 150/month as cashback. However, this is not the best part, the best part is that you earn this cashback at all petrol pumps in India.
The annual fee is also relatively low at Rs. 500/year. More so, it can be waived off if you spend Rs. 20000 in the previous year.
Read here our HDFC Bharat Cashback Credit Card Full Review for details.
This card, however besides cashback, doesn’t offer any prospects of earning reward points. So even though you get cashback for some purchases, you don’t earn anything for other purchases that you would be making. Moreover, the 5% cashback offer on fuel, bill payments, recharge, IRCTC bookings is also capped at Rs. 150 per month.
HDFC Bharat Cashback Credit card is good if you use your vehcile extensively. As in that case you don’t have to keep worrying about finding the right petrol pump. While on the other hand, cashback is a lot more effective and simple reward structure than accumulating some Reward points.