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Best Credit Cards for Fuel Spends in India

Pranav Pranav Follow Nov 16, 2019 · 9 mins read · 0 comments
Best Credit Cards for Fuel Spends in India

Are you spending a lot on fuel and are looking for best credit card which can give you maximum benefits on fuel spends? You have landed on the correct webpage as in this article I am listing out best credit cards available in India for fuel spends. So without further ado, let’s get started.

1. IndianOil HDFC Bank Credit Card

IndianOil HDFC Bank Credit Card

HDFC Bank launched this co-branded credit card in partnership with Indian Oil very recently. IndianOil HDFC Bank Credit Card provides 5% reward rate on fuel spends at Indian Oil fuel stations.

  • Joining Fee: Rs. 500
  • Annual Fee: Rs. 500
    • Annual fee is waived off on spending Rs. 50,000 in previous year
  • Reward Rate:
    • 5% reward rate on fuel spends in form of Fuel Points at Indian Oil fuel stations, maximum 150 Fuel Points per month
    • 5% reward rate on grocery spends in form of Fuel Points, maximum 150 Fuel Points per month
    • 5% reward rate on bill payments in form of Fuel Points, maximum 150 Fuel Points per month
    • 1 Fuel Point per Rs. 150 on other spends
  • 1% Fuel Surcharge waiver on minimum transaction of Rs. 400

2. Standard Chartered Super Value Titanium Credit Card

Standard Chartered Super Value Titanium Credit Card

The biggest advantage of Standard Chartered Super Value Titanium Credit Card is that it provides 5% cashback on all fuel stations irrespective of brand. Apart from fuel, it also offers 5% cashback on phone and utility bill payments which is again a huge plus point.

  • Joining Fee: Rs. 750
    • 100% onetime cashback (up to Rs. 1,500) on Fuel spends within 1st 90 days
  • Annual Fee: Rs. 750
    • Annual fee is waived off on spending Rs. 90,000 in previous year
  • Reward Rate:
    • 5% cashback on fuel spends, minimum transaction Rs. 750, maximum cashback Rs. 100 per transaction and Rs. 200 per month
    • 5% cashback on phone bill payments, minimum transaction Rs. 750, maximum cashback Rs. 200 per month
    • 5% cashback on other utility bill payments, minimum transaction Rs. 750, maximum cashback Rs. 100 per month
    • 1 Reward Point per Rs. 150 on other spends
  • Cashback is credited as statement cash

3. ICICI Bank HPCL Coral American Express Credit Card

ICICI Bank HPCL Coral American Express Credit Card

ICICI Bank HPCL Coral American Express Credit Card is a hidden gem which provides reward rate of 4% on fuel spends at HPCL fuel stations. This card also gives access to airport lounges using American Express Lounge Programme. Only drawback is you have to swipe the card on ICICI Bank swipe machines to get the bonus cashback.

  • Joining Fee: Rs. 199
  • Annual Fee: Rs. 199
    • Annual fee is waived off on spending Rs. 50,000 in previous year
  • Reward Rate:
    • 2.5% cashback + 6 PAYBACK Points per Rs. 100 on fuel spends at HPCL fuel stations, 4% reward rate
    • 2 PAYBACK Points per Rs. 100 spent on all other retail spends, 0.50% reward rate
  • 2 domestic airport lounge access per year
  • Rs. 100 discount on up to 2 movie tickets per month at BookMyShow
  • 1% Fuel Surcharge waiver

4. SBI BPCL Credit Card

SBI BPCL Credit Card

SBI BPCL Credit Card provides 13X reward points on fuel spendings at Bharat Petroleum fuel stations. This card also provides 5X reward points on Groceries, Departmental stores, Movies & Dining which makes it a very good all rounder card.

  • Joining Fee: Rs. 499
    • 2,000 Activation Bonus Reward Points worth Rs. 500 are provided as a welcome gift
  • Annual Fee: Rs. 499
    • Annual fee is waived off on spending Rs. 50,000 in previous year
  • Reward Rate:
    • 13X Reward Points on fuel purchases at BPCL petrol pumps, 3.25% reward rate
    • 5X Reward Points on every Rs. 100 spent at Groceries, Departmental stores, Movies & Dining, 1.25% reward rate
    • 1 Reward Point per Rs. 100 on other purchases, 0.25% reward rate
  • 1% Fuel Surcharge waiver

5. IndianOil Citi Platinum Credit Card

IndianOil Citi Platinum Credit Card

IndianOil Citi Platinum Credit Card provides 4 turbo points per Rs. 150 of fuel purchases at authorized IndianOil retail outlets. This card also provides 2 turbo points per Rs. 150 spent at grocery and supermarkets.

  • Joining Fee: Rs. 1,000
    • 250 turbo points worth Rs. 250 are provided on making first spend within 30 days of card issuance
  • Annual Fee: Rs. 1,000
    • Annual fee is waived off on spending Rs. 30,000 in previous year
  • Reward Rate:
    • 4 turbo points per Rs. 150 of fuel purchases at authorized IndianOil retail outlets, 2.67% reward rate
    • 2 turbo points per Rs. 150 spent at grocery and supermarkets, 1.33% reward rate
    • 1 turbo points per Rs. 150 spent on other categories, 0.66% reward rate
  • 1% Fuel Surcharge waiver

6. RBL Bank Platinum Maxima Credit Card

RBL Bank Platinum Maxima Credit Card

RBL Bank Platinum Maxima Credit Card is an all rounder credit card with multiple benefits apart from accelerated rewards on fuel spends. Free movie tickets, airport lounge access and milestone benefits are to name a few.

  • Joining Fee: Rs. 2,000
    • 8,000 welcome reward points equivalent to joining fee are provided
  • Annual Fee: Rs. 2,000
  • Reward Rate:
    • 10 Reward Points per Rs. 100 spent on dining, entertainment, utility bill payments, fuel and international purchases, 2.5% reward rate
    • 2 Reward Points per Rs.100 spent on all other purchases, 0.50% reward rate
  • Milestone Benefits
    • 10,000 reward points on spending Rs. 2 Lakhs in a year
    • 10,000 extra bonus reward points on spending Rs. 3.5 Lakhhs in a year
  • 1 complimentary movie ticket up to Rs. 200 every month on purchase of 2 or more tickets at BookMyShow
  • 2 complimentary domestic airport lounge access every calendar quarter

7. HDFC Bank Bharat Credit Card

HDFC Bank Bharat Credit Card

HDFC Bank Bharat Credit Card provides 5% cashback on fuel spends at all fuel stations in India. This card also provides 5% cashback on rail bookings through IRCTC website or mobile app, grocery spends, bill pay and recharges. However the only downside is maximum cashback limit is Rs. 150 per month all combined.

  • Joining Fee: Rs. 500
  • Annual Fee: Rs. 500
    • Annual fee is waived off on spending Rs. 50,000 in previous year
  • Reward Rate:
    • 5% cashback on fuel spends
    • 5% cashback on rail bookings through IRCTC website or mobile app
    • 5% cashback on grocery spends
    • 5% cashback on bill pay and recharges
    • 1 Fuel Point per Rs. 150 on other spends
    • Maximum cashback Rs. 150 per month combined
  • 1% Fuel Surcharge waiver on minimum transaction of Rs. 400

Bottomline

Below table summarizes the reward rate on various credit cards listed above.

Credit Card Annual Fee Reward Rate on Fuel Spends* Other benefits
IndianOil HDFC Bank Credit Card Rs. 500 6% 5% reward rate on grocery and bill payments
Standard Chartered Super Value Titanium Credit Card Rs. 750 5% 5% cashback on phone bill & utility bill payments
ICICI Bank HPCL Coral American Express Credit Card Rs. 199 5% 2 domestic airport lounge access/year
SBI BPCL Credit Card Rs. 499 4.25% 1.25% reward rate on Groceries, Departmental stores, Movies & Dining
IndianOil Citi Platinum Credit Card Rs. 1,000 3.67% 1.33% reward rate on grocery and supermarkets spends
RBL Bank Platinum Maxima Credit Card Rs. 2,000 2.5% 2 domestic airport lounge access/quarter, Buy 1 Get 1 on BookMyShow
HDFC Bank Bharat Credit Card Rs. 500 6% 5% cashback on train tickets, grocery spends, bill pay and recharges

* Including 1% fuel surcharge waiver

While fuel prices are sky rocketing these days, selecting a credit card carefully can give you some relief by providing extra rewards and benefits. However one should use the credit cards listed above mainly for fuel spends as that’s where they provide the best reward rate. For other spends, I would advise to select one credit card from the list of best credit cards in India.

Are you aware of any other Indian credit cards which provide better reward rate on fuel spends? Let me know in comments below.

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Pranav
Written by Pranav Follow
Hi, I am Pranav! I love to acquire, review and earn reward points/cashback from Credit Cards. Guiding people about benefits and optimal utilization of credit cards for years.
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