The best credit cards for fuel savings can significantly reduce your monthly refuelling expenses. These cards are designed to help you maximise savings on fuel purchases. They offer rewards, cashback, and other incentives, specifically at petrol pumps.
Many banks provide fuel-saving credit cards to help you save money while refuelling your vehicle. Some cards also offer perks like fuel surcharge waivers, which can be really useful if you are a regular commuter. With these cards, you can save a lot over time.
Credit Cards for Fuel Savings in 2024
Some issuers offer co-branded credit cards with major fuel companies, including Indian Oil, BPCL and HPCL. These are specially designed to help users save money on their daily fuel expenses, unlike standard cards that provide basic fuel benefits. These co-branded cards offer enhanced advantages through accelerated rewards on fuel purchases.
Here are some of the best credit cards for fuel savings in 2024:
| Fuel Saving Credit Card Name | Joining Fee | Fuel Surcharge Benefits | Reward Points Benefits |
| BPCL SBI Credit Card | ₹499 | • Up to ₹100 surcharge waiver at BPCL pumps monthly • 70 litres of annual fuel savings • 13X points on fuel, max 1300 points/month |
• 5x points on ₹100 spent on groceries, dining, movies, and in stores • 1 point on ₹100 spent on non-fuel purchases |
| IndianOil
Kotak Credit Card |
₹449 | • 1% waiver on fuel, up to ₹100/ statement cycle • 24 points for ₹150 spent on fuel |
• 1,000 points for ₹500 spent within 30 days • 12 points on ₹150 spent on groceries/dining (800 points per billing cycle) • 3 points on ₹150 spent elsewhere |
| ICICI Bank HPCL Coral Visa/MasterCard Credit Card | ₹199 | • 2.5% cashback on fuel at HPCL pumps • 1% surcharge waiver on fuel at HPCL pumps
|
• 2 points for every ₹100 spent on non-fuel transactions • Redeem points at HPCL pumps instantly |
| IndianOil HDFC Bank Credit Card | ₹500 | • 1% waiver on fuel above ₹400 • Earn 5% of fuel spending as Fuel Points (up to 250 points/month) |
• 1 point for every ₹150 spent on non-fuel transactions • 5% points on groceries, bills, and utilities |
| One Credit Card | Nil | • Enjoy 1% fuel surcharge waiver up to ₹400 per month • Flat 2% valueback on fuel purchases across fuel stations in India |
• Guaranteed 5X reward points on top two spending categories every month, including fuel
• Never expiring reward points that can be used across all categories |
| IndianOil Axis Bank Credit Card | ₹500 | • 20 points for ₹100 spent on fuel • 1% surcharge waiver |
• 5 points for ₹100 spent on shopping via 1% value back |
Disclaimer: Offers and features of credit cards are subject to change; please check the latest information before you apply.
How to Apply for a Fuel Credit Card
You can apply for a fuel credit card by following these steps:
- Visit the nearest physical branch or apply online at the issuer’s official page
- Fill out the application form and provide the necessary documents
- Ensure you meet the eligibility criteria
- Choose a fuel credit card
- Wait for the issuer’s approval
- Review the terms and conditions, including fees, interest rates and reward policies
- Upon approval, your card will be issued and sent to your address
- Activate the card as per the instructions provided by the issuer
- Start using your card to earn rewards and enjoy fuel-related benefits
Eligibility Criteria for Fuel Credit Card Application
Fuel credit cards usually follow the same eligibility criteria as regular credit cards. However, these criteria may vary depending on the issuer and its policies. Here are some typical requirements for applying:
- Good credit score (usually 750 or above)
- Minimum age of 18 or 21 (varies by bank)
- Minimum income requirement (varies by bank)
- Indian citizenship or legal residency
- Valid identity and address proof documents
- Stable employment or a reliable source of income
- A minimum monthly income or annual salary as specified by the bank
- No recent history of loan defaults or bankruptcy
- A valid mobile number and email address for communication
- Existing relationship with the bank (in some cases)
Benefits of Fuel Credit Cards
Fuel credit cards not only help reduce fuel expenses but also come with a variety of added perks. Here are some benefits of the card:
- Earn points on eligible fuel and non-fuel purchases
- Use accumulated points for discounts, vouchers, or cashback
- Get a percentage of your fuel purchases back as cashback
- Waived fuel surcharge at select fuel stations
- Avail discounts or cashback on dining bills at partner restaurants
- Enjoy discounts or free movie tickets
- Earn extra points on fuel purchases and certain other categories
- Get the annual fee waived if you meet the spending criteria
- Pay your utility bills with your fuel credit card and earn rewards
- Access to exclusive concierge services for booking tickets, reservations, etc
- Enjoy discounts on travel bookings or earn air miles
- Get free access to select airport lounges
- Save more with special discounts on fuel
- Access to exclusive offers and promotions for cardholders
In conclusion, fuel credit cards are a great way to save on fuel costs. They also offer many other additional benefits like reward points, cashback, and dining discounts. A great option you can consider for fuel and other benefits is the One Credit Card.
It offers a fuel surcharge waiver of 1% at any petrol or diesel station in India. For instance, if you spend ₹2,000 on fuel with a 1% surcharge, you will get a ₹20 refund. Additionally, its innovative app brings all your transactions to your fingertips.
With the OneCard App, you can also set transaction limits to ensure you do not overspend. Get this stylish metal credit card today and explore all its features. Visit the website or download the app to apply now!
