Best Credit Cards in India For Fuel Spends

Fuel

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
Fuel
  • 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
SBI BPCL Octane Credit Card
  • 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
HPCL Energie
  • 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
HDFC Bank IOCL Credit Card
  • 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
ICICI Bank HPCL Coral AMEX Credit Card

  • 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
Standard Chartered Super Value Titanium Credit Card rewards at all OMCs but a meager cashback limit.
  • 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
SBI BPCL Credit Card
  • 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
CitiBank IOCL Credit Card
  • 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
ICICI Bank HPCL Coral Credit Card
  • 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
RBL Bank Shoprite Credit Card.
  • 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 considering this in the recommendation section

Rewards Summary
Credit CardAnnual FeesReward Rate On Fuel Spends*Smart Transaction Range^Maximum Value Back Per CycleIdeal For Maximum Monthly SpendsSpends Required For Fee Waiver
Bajaj Finserv RBL Bank Travel Easy₹999+GST10%1000/10,000₹400₹4000₹50K
Bajaj Finserv RBL Bank Value Plus₹999+GST10%1000/10,000₹250₹2500₹50K
SBI BPCL Octane₹1499+GST6.25%0/4000₹625₹10,000₹2L
BOB HPCL Energie₹499+GST5.5%0/6250₹250₹6250₹50K
ICICI HPCL Super Saver₹500+GST5.5%0/5000₹275₹5000₹1.5L
Union Bank Uni Carbon ₹499+GST 5.5%200/3750 ₹206.25p ₹3750 ₹1L
HDFC IndianOil₹500+GST4.8%1000/3000₹144₹3000₹50K
ICICI HPCL Coral AMEX₹199+GST4%1000/4000₹160₹4000₹50K
Axis Bank IOCL₹500+GST4%1000/5000₹200₹5000₹50K
Standard Chartered Super Value Titanium₹750+GST4%1000/2000₹160₹4000₹90K
SBI BPCL₹499+GST3.25%None/4000₹325₹10,000₹50K
CitiBank IOCL₹1000+GST2.67%1000/10,000UnlimitedUnlimited₹30K
ICICI HPCL Coral₹199+GST2.5%1000/4000₹100₹4000₹50K
ICICI HPCL Accelero₹499+GST2.5%1000/8000₹200₹8000₹1.5L
RBL Shoprite ₹500+GST 2.5%1000/4000₹250 ₹10,000 ₹1L
Now, this can be your ready reckoner every time you feed your car.
  • *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 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. My second recommendation will be the SBI BPCL Credit Card through which you can load your Smartdrive wallet and use it for small transactions without any worry of fuel surcharges and fees getting waived off on mere spends of 50K. Further details on loading of wallet can be found in the article Fuel Loyalty Programs in India: A Comprehensive Guide.

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 favorite fuel card? Share your experiences and issues faced while redemption in the comments below.

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Jitendra singh verma

Bhai bajaj finserve kard apply kiya mujhe 35k limit mila mene 567 charge pay kiya tha mene bajaj ke baare galat sunati mene turant inactive karwaya mere 567 waapas aaya ab me active karna chahta hu please help

MANORANJAN BEHERA

I’ve no Icici credit card. I’m using Axis Flipkart card from 1.5 yrs with limit of 95k & sbi Bpcl octane card from 6 months with limit of 2.4 lakh. I’m a state govt salaried person with gross 33k & net a/c credit 28k. SBI is my salary a/c. I’ve applied before 6 months for icici card with salary slip when gross salary below 30k ; but declined several times. I want to apply now for icici card. I’ve saving a/c in ICICI. which method is better chance of approval via salary slip or C2C basis. And which icici card… Read more »

Vysakh

Hi, Nice post and a lot of options. A lot !! Most of these cards have tie up with one of the fuel makers and so the ‘accelerated’ rewards apply only at those and that too if they have a POS of the bank, right? eg. SBI Octane/BPCL would give the higher rewards only at BPCL outlets and if they use an SBI source POS, right? If one cannot stick to one brand, what would be the best approach? Pick one that has decent rewards on all transactions, like the SC Titanium or Uni Carbon? Or keep one card for… Read more »

Paul Isaac Yanamala

Hi sir, just wanted to know if bpcl is not mentioned on the charge slip when swiping at a bpcl outlet using SBI bpcl card, do we still be eligible for accelerated reward points?

Kunal

You don’t need to spend citi iocl in citi machine. I’ve never seen a citi machine in iocl pumps. Still I’m getting accelerated rewards. Only condition is, the pump should be listed in citi provided official list.
I’ve been doing this for quite a few months.

Another card that is missed is Stanc Ultimate. 3.33% on fuel as well.

[…] BPCL Octane Credit Card is one of the best rewarding fuel credit cards available in India from SBI Cards. I am reviewing all the details about the same and also some negatives of the card […]

[…] Although AMEX gives no rewards on fuel purchases still you can buy BPCL vouchers and redeem them at your nearest fuel bunk to get an exceptional reward rate of up to 20.66%! (Who Knows)! So it beats all our Best Credit Cards in India For Fuel Spends. […]