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 cards for fuel spending.
Best 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.AMEX Gold Charge
- More Details
- Variant: AMEX
- The reward rate on fuel is a minimum of 6.66%(Amazon Vouchers) and approximately 10%(Travel Redemptions) if you can do 6 transactions of ₹1,000 each.
- Joining Fee: ₹1000+GST
- Annual Fee: ₹4999+GST
- Surcharge Waiver: Full waiver at HPCL bunks on transactions max up to ₹5000.
AMEX Membership Rewards
- More Details
- Variant: AMEX
- The reward rate on fuel is a minimum of 6.66%(Amazon Vouchers) and approximately 10%(Travel Redemptions) if you can do 4 transactions of ₹1500 each or 4 or more transactions greater than ₹1500 each totalling ₹20,000.
- Joining Fee: ₹1000+GST
- Annual Fee: ₹4500+GST (Waived off on annual spends of ₹1.5L).
- Surcharge Waiver: Full waiver at HPCL bunks on transactions max up to ₹5000.
SBI BPCL Octane
SBI BPCL Octane Credit Card
- More Details
- Variant: VISA Signature
- The reward rate on fuel is 6.25% value back on a maximum of 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.
IDFC First Power Plus
- Variant: Rupay
- The reward rate on fuel spends is 4% cashback up to ₹400/month when swiped on any bank POS or HP Pay Application.
- Joining Fee: ₹499+GST
- Annual Fee: ₹499+GST (Waived off on annual spends of ₹1.5L).
BOB HPCL Energie Credit Card
- More Details
- Variant: Rupay
- The reward rate on fuel spends is 4% cashback up to ₹250/month when swiped on any bank POS or HP Pay Application.
- Joining Fee: ₹500+GST
- Annual Fee: ₹500+GST (Waived off on annual spends of ₹50K).
ICICI HPCL Super Saver
- Variant: Visa Platinum
- The reward rate on fuel spends is 4% cashback up to ₹200/month when swiped on any bank POS or HP Pay Application.
- Joining Fee: ₹500+GST
- Annual Fee: ₹500+GST (Waived off on annual spending of ₹1.5L).
Union Bank Uni Carbon
- Variant: Rupay Platinum
- The reward rate on fuel spends is 4% cashback up to ₹150/month when swiped on any bank POS or HP Pay Application.
- 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.
ICICI HPCL Coral AMEX
ICICI Bank HPCL Coral AMEX Credit Card
- Variant: AMEX
- The reward rate on fuel is 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.
Kotak IndianOil
- Variant: VISA Signature/RuPay
- The reward rate on fuel is 4% cashback up to ₹300 per month.
- Joining Fee: ₹449+GST
- Annual Fee: ₹449+GST (Waived off on annual spends of ₹50K).
- Surcharge Waiver: 1% on spending between ₹200 to ₹5000 per month.
Axis Bank IOCL Credit Card
- Variant: VISA Signature/RuPay
- The reward rate on fuel is 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.
Standard Chartered Super Value Titanium
Standard Chartered Super Value Titanium Credit Card rewards at all OMCs but a meagre cashback limit.
- Variant: MasterCard
- The reward rate on fuel is 4% cashback up to ₹160/month on a maximum of ₹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.
TechnoFino Maximum
Fuel Surcharge Waiver 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 sectionFuel Loyalty Programs
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.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 |
| AMEX Gold Charge | ₹4999+GST | Minimum 6.33% | 0/5,000 | Minimum ₹380 | ₹4000 | ₹50K |
| AMEX Membership Rewards | ₹4500+GST | Minimum 6.33% | 0/5,000 | Minimum ₹380 | ₹2500 | ₹50K |
| SBI BPCL Octane | ₹1499+GST | 6.25% | 0/4000 | ₹625 | ₹10,000 | ₹2L |
| IDFC First Power+ | ₹499+GST | 4% | 1000/5000 | ₹400 | ₹10,000 | ₹1.5L |
| BOB HPCL Energie | ₹499+GST | 4% | 0/6250 | ₹250 | ₹6250 | ₹50K |
| ICICI HPCL Super Saver | ₹500+GST | 4% | 0/5000 | ₹275 | ₹5000 | ₹1.5L |
| Union Bank Uni Carbon | ₹499+GST | 4% | 200/3750 | ₹206.25p | ₹3750 | ₹1L |
| ICICI HPCL Coral AMEX | ₹199+GST | 4% | 1000/4000 | ₹160 | ₹4000 | ₹50K |
| Kotak IndianOil | ₹449+GST | 4% | 1000/5000 | ₹300 | ₹7500 | ₹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 |
- *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 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.If you are holding an AMEX credit card then you purchase fuel using AMEX MRCC/ AMEX Gold Charge get benefits up to 5%-8% by redeeming them for 24K gold collection.
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 or Kotak IndianOil. 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 or Kotak IndianOil 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
