What are Fuel Credit Cards?
Fuel credit cards, also known as gas credit cards, are specialized credit cards designed for use at gas stations and for fuel-related expenses. These cards offer specific benefits and rewards tailored to fuel purchases, making them attractive options for individuals who frequently drive or commute. Fuel credit cards can be valuable tools for saving money on fuel expenses and earning rewards for everyday purchases, especially for individuals who frequently drive or commute long distances.
Key Takeaways:
- Fuel credit cards often offer rewards, discounts, or cashback incentives for purchases made at gas stations.
- Many fuel credit cards are affiliated with specific gas station chains or networks, offering additional rewards or discounts when used at those locations.
- Fuel credit cards may offer other benefits such as travel insurance, roadside assistance, or extended warranties on vehicle-related purchases.
Table of Content
- Top 10 Best Fuel Credit Cards in India
- BPCL SBI Card Octane
- ICICI HPCL Super Saver Credit Card
- Indian Oil Axis Bank Credit Card
- HDFC Bharat Credit Card
- Indian Oil HDFC Credit Card
- ICICI Bank HPCL Coral Credit Card
- IDFC FIRST Power + Credit Card
- Indian Oil Kotak Credit Card
- IDFC FIRST Millennia Credit Card
- TATA STAR Titanium Credit Card
- Conclusion
- 10 Best Fuel Credit Cards in India (2024) – FAQs
Top 10 Best Fuel Credit Cards in India
BPCL SBI Card Octane
A co-branded credit card called the BPCL SBI Card Octane is provided by State Bank of India (SBI) and Bharat Petroleum Corporation Limited (BPCL). Designed with regular drivers in mind, it provides a number of advantages, such as quicker reward points on fuel purchases at BPCL locations, which lowers the cost of refilling.
Joining Fee |
₹1499 |
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Annual Fee |
₹1499 (Reversed on spending ₹2 lakh in a year) |
Joining Benefits |
₹6,000 bonus reward points worth ₹1,500 on the payment of joining fee |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The BPCL SBI Card Octane presents an enticing package for frequent fuel consumers, offering generous rewards and benefits. However, its exclusivity to BPCL pumps and limited fuel surcharge waiver might deter users who seek flexibility in fueling options. Nonetheless, its welcome benefits and complimentary lounge visits add significant value for targeted consumers.
ICICI HPCL Super Saver Credit Card
A co-branded credit card designed for drivers looking for extra benefits and fuel savings is the ICICI HPCL Super Saver Credit Card. With alluring perks like eating discounts and rewards on buying fuel at HPCL pumps, it’s an appealing option for regular travelers and eaters.
Joining Fee |
₹500 |
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Annual Fee |
₹500 |
Joining Benefits |
₹2,000 reward points and ₹100 cashback on HP Pay app |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The newly launched HPCL Super Saver credit card appears to offer enticing rewards and benefits for fuel consumers, particularly with its cashback and reward points structure. However, its resemblance to existing ICICI HPCL cards may deter potential users seeking innovative features. Nonetheless, its cashback and reward points make it a competitive option.
Indian Oil Axis Bank Credit Card
Indian Oil Axis Bank Credit Card is designed for people who regularly buy fuel from Indian Oil locations. Profitable perks are available with this co-branded card, including as bonus points for restaurants and grocery, fuel fee exemptions, and expedited reward points on fuel purchases.
Joining Fee |
₹500 |
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Annual Fee |
₹500 |
Joining Benefits |
100% cashback (Up to ₹250) on your fuel transactions in the first 30 days of card issuance |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The Indian Oil Axis Bank Credit Card presents a compelling offer with its initial fuel transaction cashback and ongoing rewards structure. However, its exclusivity to Indian Oil outlets may limit its appeal to users who frequent other fuel stations. Nonetheless, its additional benefits like dining discounts and online spend rewards enhance its overall value proposition for targeted consumers.
HDFC Bharat Credit Card
The HDFC Bharat Credit Card is designed to satisfy the demands of people looking for advantages and financial comfort. With an emphasis on affordability, it provides a number of benefits, such as cashback incentives on particular purchases, such as fuel, food, and bill payments, which increases cardholder savings.
Joining Fee |
₹500 |
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Annual Fee |
₹500 (Waived off on annual spends of ₹50,000) |
Joining Benefits |
5% cashback on ticket bookings, groceries, bill payments, mobile recharges & fuel expenses |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The HDFC Bharat Credit Card offers a tailored solution for those in rural and semi-urban areas, providing access to credit facilities and cashback rewards on essential purchases. While it may have limited acceptance in urban areas and slightly higher interest rates, its affordability and benefits make it a suitable option for its target demographic.
Indian Oil HDFC Credit Card
The Indian Oil HDFC Credit Card is designed for people who want to save as much money as possible on their fuel costs. The value offer is enhanced overall since cardholders receive benefits and discounts at partner establishments and Indian Oil shops. Its value goes beyond fuel expenditures with features like expedited reward points on eating and grocery spending.
Joining Fee |
₹500 |
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Annual Fee |
₹500 |
Joining Benefits |
Get 5% back on your fuel spends at Indian Oil outlets as ‘Fuel Points’ |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The Indian Oil HDFC Credit Card offers enticing benefits for frequent fuel purchasers, with rewards and discounts specifically tailored for Indian Oil transactions. However, its usefulness beyond fuel expenses is limited, and users should be mindful of annual fees and reward expiry dates. Overall, it’s a suitable choice for those who prioritize fuel savings and frequent Indian Oil outlets.
ICICI Bank HPCL Coral Credit Card
A co-branded product, the ICICI Bank HPCL Coral Credit Card is intended to satisfy the requirements of frequent drivers and foodies. The card offers significant savings on fuel and rewards at HPCL gas stations, which makes it an affordable option for individuals who depend on their cars frequently. It also has appealing fuel perks.
Joining Fee |
₹199 |
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Annual Fee |
₹199 (Reversed on an annual spend of ₹50,000) |
Joining Benefits |
2.5% cashback on fuel purchases at HPCL pumps |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The ICICI Bank HPCL Coral Credit Card offers enticing benefits for both fuel and dining expenses, along with a rewarding points system. However, its restricted acceptance outside HPCL and partner establishments, coupled with potential annual fees and high interest rates, necessitate careful consideration to maximize its advantages effectively.
IDFC FIRST Power + Credit Card
With a plethora of advantages, the IDFC FIRST Power+ Credit Card is an alluring option. It increases savings for cardholders with its alluring benefits and cashback on a range of categories, including restaurants, grocery, and overseas purchases. For frequent travelers, it also provides free access to airport lounges, making travel even more enjoyable.
Joining Fee |
₹499 |
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Annual Fee |
₹499 |
Joining Benefits |
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Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The IDFC FIRST Power+ Credit Card offers compelling rewards and benefits, including cashback on transactions and access to airport lounges. However, its eligibility criteria based on a high minimum income might limit accessibility, and its acceptance could be constrained due to its relatively recent introduction to the market. Nonetheless, its perks make it appealing for qualifying individuals seeking value from their card usage.
Indian Oil Kotak Credit Card
Regular Indian Oil consumers may take advantage of a number of incentives specifically designed to offset their fuel-related expenses with the Indian Oil Kotak Credit Card. Customers may save a lot of money on their purchases of petroleum products and diesel by using this card to take advantage of enticing fuel rebates and reward opportunities.
Joining Fee |
₹449 |
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Annual Fee |
₹449 |
Joining Benefits |
1,000 bonus reward points |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The Indian Oil Kotak Credit Card presents attractive benefits for frequent drivers, including fuel discounts and reward points. However, its limited acceptance outside of Indian Oil outlets and the potential annual fee may deter some users. Despite this, its rewards structure and joining benefits make it appealing for those primarily focused on fuel savings.
IDFC FIRST Millennia Credit Card
With a number of features, the IDFC FIRST Millennium Credit Card meets the needs of today’s consumers. It offers speedy reward points on areas like grocery, restaurants, and internet shopping, along with hefty incentives. It guarantees accessibility and value for money with no membership fees and an annual fee waiver upon achieving a specific spending level.
Joining Fee |
NIL |
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Annual Fee |
NIL |
Joining Benefits |
3 reward points per ₹150 spent on offline spends |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The IDFC FIRST Millennia Credit Card stands out with its appealing features such as cashback rewards on various spending categories and lifestyle benefits. However, its stringent eligibility criteria, limited acceptance compared to more established issuers, and foreign transaction fees could deter potential applicants seeking a hassle-free credit card experience.
TATA STAR Titanium Credit Card
For those eager to maximize their spending inside the Tata Star loyalty program, the TATA STAR Titanium Credit Card is an intriguing offer. It provides a means to earn substantial discounts and advantages with its abundant reward points on eating, grocery, and foreign purchases.
Joining Fee |
₹499 |
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Annual Fee |
₹499 |
Joining Benefits |
Will get a welcome e- gift voucher of ₹500 from STAR |
Pros |
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Cons |
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Key Features |
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Eligibility |
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Opinion: The TATA STAR Titanium Credit Card offers enticing benefits such as attractive reward points and dining discounts, making it appealing for those who frequently spend within the Tata Star loyalty program. However, its limited acceptance beyond Tata-affiliated establishments and associated annual fees could deter some potential users despite its perks.
Conclusion
In conclusion, fuel credit cards are a useful and beneficial tool for customers looking to reduce their gas costs while gaining extra benefits. These credit cards usually provide alluring benefits like cashback, rebates, or reward points on gas purchases, which lowers the total cost of auto maintenance. Furthermore, several fuel credit cards provide advantages that go beyond fuel purchases, such as meal discounts, vacation rewards, and other lifestyle bonuses. However, in order to optimize the advantages and minimize any potential disadvantages like yearly fees or restricted acceptance, users should proceed with prudence and choose a card that corresponds with their spending patterns and preferences. In the end, fuel credit cards function as a tactical financial tool for drivers, offering a variety of additional benefits in addition to savings at the pump.
10 Best Fuel Credit Cards in India (2024) – FAQs
Can credit cards for fuel be used for items other than fuel?
Yes, one may usually use their fuel credit card for both fuel and non-fuel purchases.
Are there any special requirements for receiving fuel credit cards?
Yes, much like other credit cards, fuel credit cards frequently have qualifying requirements that depend on factors like age, income, and credit history.
Does the fuel credit card have any limitations on where one may use it?
While most gas stations accept gasoline credit cards, there could be limitations on which brands or locations can take them.
How can a person get the most of their fuel credit card benefits?
Users have to take into account variables like gasoline rewards rates, bonus categories, and redemption alternatives in order to optimize the advantages of a fuel credit card.