10 Best Credit Cards for Fuel in India

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Credit cards are an excellent instrument for making payments in today’s world. It helps to build your credit score and offer additional benefits like rewards and bonuses. Each credit card is different in terms of annual fees, interest charges, joining fees, and other benefits. If you’re considering investing in the best credit card for fuel purchases, the guide below should help! 

Top 10 Credit Cards for Fuel in India

Fuel prices are constantly fluctuating around the world. You can save on fuel purchases by applying for credit cards from some of the top banks. The best credit card for fuel consumption offers savings on both fuel and other purchases. Go through the following section to find out more –  

1. IndianOil Citi Platinum Card

IndianOil and Citibank tied up to provide this Platinum Credit Card. You will earn four Turbo Points or TP for every ₹150 spent on purchasing fuel at any IndianOil outlet. Moreover, you can earn up to a maximum of 267 points in a single transaction.  

Here, one TP equals to ₹1 worth of fuel. However, you need a minimum of 250 points to redeem them. Additionally, you can enjoy the following benefits –  

  • ₹250 worth free TP on successful card activation.
  • Two TP for every ₹150 spent on supermarkets or grocery purchases.
  • One TP for every ₹150 spent on other purchases.
  • Special dining discounts and privileges.
  • Travel discounts.
  • Redeem TP for gift vouchers.

Card Charges

  • ₹1000 + taxes annual fees, but this is waived if you spend more than ₹30,000 in a year.
  • Annual Percentage Rate (APR) of only 39% or 3.25% per month.

2. IndianOil HDFC Bank Credit Card

Alternatively, you can opt for the HDFC Bank credit card that has tied up with IndianOil as well. You can earn one ‘Fuel Points’ or FP for ₹150 spent on fuel at any IndianOil outlet. Besides, you can earn up to 250 points during the first six months, and up to 150 points post six-month period.  

Here, one FP equals to ₹0.20 worth of fuel. However, these points expire after two years post their accumulation. Other card benefits include –  

  • Earn one FP for every ₹150 spent on bill payments and groceries.
  • Get automatically registered for PayZapp on the first transaction of ₹500 within 90 days.
  • No Interest charges for the first 50 days.
  • No annual fees if you register with Smartpay within 90 days.

Card Charges

  • ₹500 + taxes annual fees, but this is waived if you spend ₹20,000 within the first 90 days. From the second year on, it will be waived if you spend more than ₹50,000 in a year.
  • APR of 41.88% or 3.49% per month.

3. HDFC Moneyback Credit Card

There are many other options for fuel savings when you don’t purchase from IndianOil outlets. HDFC Moneyback Credit card earns you two Reward Points (RP) for every ₹150 spent at any petrol pump.  

Here, one RP equals to ₹0.20 worth of fuel. However, you need a minimum of 500 points to redeem, and these expire two years from the date of accumulation. Accordingly, you can avail the following additional benefits –

  • Get a bonus of 500 RP on sign up.
  • Earn two RP for every ₹150 spent on other purchases.
  • Redeem RP for cashback.
  • Redeem RP for Air Miles and other gifts.
  • Earn extra points for online purchases.
  • Spend ₹50,000 in a quarter to get ₹500 worth e-gift voucher.

Card Charges

  • ₹500 + taxes annual fees, but this can be waived if you spend more than ₹50,000 in a year.
  • APR of 41.88% or 3.49% per month.

4. HDFC Bank Business MoneyBack Credit Card

In comparison to the previous MoneyBack Card, the Business version offers more rewards for higher purchases. You can earn four Reward Points (RP) for every ₹150 spent on fuel at any outlet.  

One RP equals to ₹0.20 worth of fuel. Apart from that, you’ll earn the following exclusive benefits –  

  • Four RP on every ₹150 spent on online purchases, travel bookings, flight bookings, hotel reservations, and restaurants.
  • Bonus 2500 RP on spending ₹1.8 lakh in a year.
  • No Interest charges for the first 50 days.

Card Charges  

  • ₹500 + taxes annual fees which can be waived if you spend more than ₹50,000 in a year.
  • APR of 41.88% or 3.49% per month.

5. ICICI Bank HPCL Coral Credit Card

The ICICI Bank HPCL Credit card is a tie-up between ICICI bank and the HP fuel stations. Here, you can earn both cashback and Payback points on your purchases. Cashbacks of 2.5% are applicable for purchasing fuel at an HP outlet. Accordingly, you can earn five PayBack points for every ₹100 spent.  

You can redeem 2000 PayBack points for free fuel worth ₹500. Moreover, you can enjoy the following benefits –  

  • Five Payback points for every ₹100 spent on purchases.
  • 15% savings on any dining outlets.
  • Discount savings on booking tickets from BookMyShow.
  • No interest charges for the first 48 days.
  • Complimentary access to Airport Lounges.

Card Charges  

  • ₹199 + taxes annual fees, although it’s free for the first year.
  • APR of 40.80% or 3.40% per month.

6. Standard Chartered Super Value Titanium Credit Card

Another way to save on fuel purchases across any outlet is through the SC Super Value Titanium Credit Card. You can earn both cashback and points from your purchases. For fuel purchases, you can enjoy a 5% cash back or one point for every ₹150 spent.  

One point equals to ₹1 worth of fuel. Moreover, you can get a 2.5% surcharge waived off if you buy fuel from IndianOil outlets. Accordingly, you can enjoy the following –  

  • 5% cashback on utility bills.
  • 5% cashback on bill payments.
  • Priority Pass in over 1000 airports around the world (1 free access per month).
  • 5X points if you spend overseas only if you are a premium banking member.

Card Charges

  • ₹750 + taxes annual fees which is waived if you spend more than ₹90,000 in a year.
  • APR of 41.88% or 3.49% per month.

7. Kotak Royale Signature Credit Card

Kotak Royale Signature credit card is considered the best credit card for fuel consumption. It offers 4X points on every ₹150 spent on purchases. You can also get a 1% fuel surcharge on a minimum transaction fee of ₹500.  

Apart from this, you can avail the following benefits –  

  • 4X Points on spending on restaurants, hotels, travel agencies, airlines and international purchases.
  • Two BookMyShow vouchers for the first transaction.
  • Free lounge access at airports across India (two visits per quarter).
  • Bonus 30,000 points on spending ₹8 lakhs in a year.
  • Bonus 10,000 points on spending ₹4 lakhs in a year.
  • Savings on Ticket Bookings via IRCTC.

Card Charges  

  • ₹999 + taxes annual fees which is waived for the first year. It is also waived off in subsequent years if you spend more than ₹1 lakh.
  • APR of 37.2% or 3.1% per month.

8. HDFC Bharat Cashback Credit Card

HDFC Bank provides another fuel-saving credit card in the form of Bharat Cashback. As the name suggests, you earn cashback instead of points. Therefore, they provide 5% cashback on fuel purchases from any outlet. You are also entitled to a 1% fuel surcharge at a minimum transaction value of ₹400.  

Some of the other benefits of using the card include the following –  

  • 5% Cashback on any bill payments or grocery shopping.
  • 5% cashback on EasyEMI and SmartBuy transactions.
  • 5% cashback on ticket bookings through IRCTC.
  • ₹50 Lakh accidental death insurance.

Card Charges

  • ₹500 + taxes annual fees which can be waived if you spend more than ₹50,000.
  • APR 41.88% or 3.49% per month.

9. YES First Preferred Credit Card

The ‘First Preferred Credit Card’ is offered by YES Bank. It allows you to earn four points on every ₹100 spent on purchases from any fuel outlet. These points can be redeemed for special gifts, discounts and privileges. You can also enjoy a 1% fuel surcharge waiver on a minimum transaction of ₹500.  

Other amazing offers provided by the card include –  

  • Eight points for every ₹100 spent on travel and airline bookings.
  • 25% discount on movie tickets from BookMyShow.
  • Priority Pass Membership across all Indian airports (four visits per quarter for primary cardmembers).
  • Domestic Lounge Access at Indian airports (3 visits per quarter).
  • Bonus 20,000 points on spending more than ₹7.5 lakhs.
  • Bonus 10,000 points on renewal.
  • Signup bonus of 15,000 points on the first transaction within 90 days.
  • Bonus 1000 points for setting up each auto-bill payment.
  • ₹1 crore death insurance for flight accidents.
  • ₹25 lakh medical insurance for hospital emergencies overseas.

Card Charges  

  • ₹2500 + taxes annual fees.
  • APR of 42% or 3.5% per month.

10. TATA Star Titanium Credit Card

Finally, the last credit card for fuel in India is offered by the TATA group. You can earn one point for every ₹100 spent on purchases. Moreover, you will also enjoy a 1% fuel surcharge waiver on a minimum transaction of ₹500.  

One point is worth ₹1 TATA Voucher. These vouchers are redeemable for offers and discounts from TATA partners. Besides, you can enjoy the following benefits –  

  • Three points per ₹100 spent on groceries and online shopping.
  • 5% cashback on purchases at TATA outlets.

Card Charges  

  • ₹499 + taxes annual fees which is waived if you spend more than ₹1 lakh.
  • APR of 40.2% or 3.35% per month.

Conclusion  

To summarise, the list of credit cards provided above will help you save on your annual fuel purchases. Moreover, you can save even more by linking these cards with CRED to earn additional rewards, discounts and gifts.  

about CRED

CRED is a members-only platform that rewards the creditworthy individuals of India with exclusive experiences, rewards and upgrades.

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