Best Credit Cards in India For Fuel Spends

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 card for your fuel spending.

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.

1. Bajaj Finserv RBL Bank Travel Easy

• Variant: MasterCard
• Reward rate on fuel spends: 10% cashback upto ₹400 per month.
• Joining Fee: ₹999+GST
• Annual Fee: ₹999+GST (Waived off on annual spends of ₹50K).
• Surcharge Waiver: Upto ₹100/Month on a min transaction of ₹500 and max up to ₹4000.
• Milestone Benefits: E-Gift Voucher worth ₹1000 on every 1L spent.

2. Bajaj Finserv RBL Bank Value Plus

• Variant: MasterCard
• Reward rate on fuel spends: 10% cashback up to ₹250 per month.
• Joining Fee: ₹499+GST
• Annual Fee: ₹499+GST (Waived off on annual spends of ₹50K).
• Surcharge Waiver: Upto ₹100/Month on a min transaction of ₹500 and max up to ₹4000.
• Milestone Benefits: E-Gift Voucher worth ₹1000 on every 1L spent.

3. SBI BPCL Octane

• More Details
• Variant: VISA Signature
• Reward rate on fuel spends: 6.25% value back on maximum 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. APPLY NOW!

4. BOB HPCL Energie Credit Card

• More Details
• Variant: Rupay
• Reward rate on fuel spends: 4% cashback up to ₹250/month when swiped on any bank POS or HP Pay Application.
• Bonus Rewards: Additional 1.5% on all fuel purchases through the HP Pay app at HPCL outlets.
• Joining Fee: ₹500+GST
• Annual Fee: ₹500+GST (Waived off on annual spends of ₹50K).

5. ICICI HPCL Super Saver

• Variant: Visa Platinum
• Reward rate on fuel spends: 4% cashback up to ₹200/month when swiped on any bank POS or HP Pay Application.
• Bonus Rewards: Additional 1.5% on all fuel purchases through the HP Pay app at HPCL outlets.
• Joining Fee: ₹500+GST
• Annual Fee: ₹500+GST (Waived off on annual spending of ₹1.5L).

6. Union Bank Uni Carbon

• Variant: Rupay Platinum
• Reward rate on fuel spends: 4% cashback up to ₹150/month when swiped on any bank POS or HP Pay Application.
• Bonus Rewards: Additional 1.5% on all fuel purchases through the HP Pay app at HPCL outlets.
• 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.

7. HDFC IndianOil

• Variant: VISA/Rupay
• Reward rate on fuel spends: 4.8% value back if redeemed for fuel up to ₹150/month.
• Joining Fee: ₹500+GST
• Annual Fee: ₹500+GST (Waived off on annual spends of ₹50K).
• Surcharge Waiver: Upto ₹250/Month on a min transaction of ₹400.

8. ICICI HPCL Coral AMEX

• Variant: AMEX
• Reward rate on fuel spends: 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.

9. Axis Bank IOCL Credit Card

• Variant: VISA Signature
• Reward rate on fuel spends: 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.

10. Standard Chartered Super Value Titanium

• Variant: MasterCard
• Reward rate on fuel spends: 4% cashback up to ₹160/month on max ₹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.

11. SBI BPCL

• Variant: VISA Platinum
• Reward rate on fuel spends: 3.25% value back on maximum up to ₹4000/transaction and ₹10,000/month if redeemed for fuel.
• Joining Fee: ₹499+GST
• Annual Fee: ₹499+GST (Waived off on annual spends of 50K).
• Surcharge Waiver: 1% fuel surcharge waiver up to ₹100/month.

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. APPLY NOW!

12. CitiBank IOCL

• Variant: Visa Platinum
• Reward rate on fuel spends: 2.67% value back on maximum up to ₹10,000/transaction if redeemed for fuel only on a Citibank authorized IOCL bunk.
• Joining Fee: ₹1000+GST
• Annual Fee: ₹1000+GST (Waived off on annual spends of ₹50K).
• Surcharge Waiver: 1% fuel surcharge waiver.

13. ICICI HPCL Coral

• Variant : VISA Platinum/MasterCard
• Reward rate on fuel spends: 2.5% cashback up to ₹100 only when swiped on ICICI EDC Machines for a minimum ₹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.

14. ICICI HPCL Accelero

• Variant: MasterCard
• Reward rate on fuel spends: 2.5% cashback up to ₹200 per month.
• Joining Fee: ₹499+GST
• Annual Fee: ₹499+GST (Waived off on annual spends of 50K).
• Surcharge Waiver: 1% fuel surcharge waiver.

15. RBL Shoprite

• Variant: MasterCard
• Reward rate on fuel spends: 2.5% value back on maximum spends of ₹10,000/month if redeemed for travel vouchers.
• Joining Fee: ₹500+GST
• Annual Fee: ₹500+GST (Waived off on annual spending of ₹1L).
• Surcharge Waiver: 1% fuel surcharge waiver up to ₹100/month on a minimum of ₹500 and a maximum of ₹4000 per transaction.

TechnoFino Maximum

Fuel Surcharge 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

Rewards Summary

Credit Card	Annual Fees	Reward Rate On Fuel Spends*	Smart Transaction Range^	Maximum Value Back Per Cycle	Ideal For Maximum Monthly Spends	Spends Required For Fee Waiver
Bajaj Finserv RBL Bank Travel Easy	₹999+GST	10%	1000/10,000	₹400	₹4000	₹50K
Bajaj Finserv RBL Bank Value Plus	₹999+GST	10%	1000/10,000	₹250	₹2500	₹50K
SBI BPCL Octane	₹1499+GST	6.25%	0/4000	₹625	₹10,000	₹2L
BOB HPCL Energie	₹499+GST	5.5%	0/6250	₹250	₹6250	₹50K
ICICI HPCL Super Saver	₹500+GST	5.5%	0/5000	₹275	₹5000	₹1.5L
Union Bank Uni Carbon	₹499+GST	5.5%	200/3750	₹206.25p	₹3750	₹1L
HDFC IndianOil	₹500+GST	4.8%	1000/3000	₹144	₹3000	₹50K
ICICI HPCL Coral AMEX	₹199+GST	4%	1000/4000	₹160	₹4000	₹50K
Axis Bank IOCL	₹500+GST	4%	1000/5000	₹200	₹5000	₹50K
Standard Chartered Super Value Titanium	₹750+GST	4%	1000/2000	₹160	₹4000	₹90K
SBI BPCL	₹499+GST	3.25%	None/4000	₹325	₹10,000	₹50K
CitiBank IOCL	₹1000+GST	2.67%	1000/10,000	Unlimited	Unlimited	₹30K
ICICI HPCL Coral	₹199+GST	2.5%	1000/4000	₹100	₹4000	₹50K
ICICI HPCL Accelero	₹499+GST	2.5%	1000/8000	₹200	₹8000	₹1.5L
RBL Shoprite	₹500+GST	2.5%	1000/4000	₹250	₹10,000	₹1L

• *Reward rate is exclusive of fuel surcharge waiver.
• ^We are giving a smart range for all the cards so that a user gets the dual benefits of a complete fuel surcharge waiver and reward points.
• For cards like SBI BPCL co-branded cards, BOB HPCL Energie, ICICI Supersaver, and Uni Carbon, we can avoid fuel surcharges even for transactions less than ₹1000 by using wallets of the various loyalty programs.

TechnoFino Tip

Enroll in Fuel Loyalty Programs in India offered by various Oil Manufacturing Companies to earn rewards in addition to the above credit card rewards. It’s another unique article on TechnoFino that you would not be able to find anywhere. For more such quality content subscribe to our mailer list and be the first one to know about it.

TechnoFino Recommends

If you are still confused about which one is the best for you. We will try to help you out but we can only broadly recommend some credit cards as the usage of every person is unique for fuel spending. Though Bajaj Finserv credit cards are highly rewarding for fuel but we will not recommend them to you due to their unknown and shady customer support experience.

If you are holding an AMEX credit card then you purchase fuel vouchers using AMEX MRCC/ AMEX Gold Charge from the AMEX Rewards Multiplier Program to purchase fuel vouchers and get benefits up to 5%-8% by redeeming them for 24K gold collection. We have kept AMEX cards out of this since this is not a standard feature of AMEX cards and sometimes vouchers are unavailable.

If you commute on a two-wheeler then mostly for a tank full the amount ₹400-₹500 and monthly spends are usually between ₹2000-₹3000 for an average user. So for such users, I highly recommend BOB HPCL Energie as through it you can load the HP Pay Wallet without charges and use it for small amounts as you wish. The fee waiver condition on this card will also be easy to meet if used only for fuel.

For car owners with a very low consumption limited to ₹3000 a month again BOB HPCL Energie makes a lot of sense due to its low annual fee waiver condition.

For consumers in the range of ₹3K- ₹6K a month I would again recommend BOB HPCL Energie. Also, Standard Chartered Super Value Titanium can be considered in this range which will give you the option to fuel at any OMC.

If your consumption is nearly ₹10K a month then SBI Octane is a no-brainer for you. And if you are crossing even that limit then you can club the spending with the recommendations given above with the SBI Octane Credit Card. With SBI’s generous sales offer and 2.5% reward rate on grocery and dining, you will easily cross the fee waiver threshold.

Which one is your favourite fuel card? Share your experiences and issues faced while redemption in the comments below.