Fuel Credit Card

Fuel Credit Cards

Best Fuel Credit Cards in India 2023

Key Benefits of Fuel Credit Cards

• You can save considerably on fuel transactions
• You will be eligible for cashback
• You will get a fuel surcharge waiver.
• You will get reward points that can be redeemed not only against fuel but also against shopping, travel, etc.
• You can also get other travel & lifestyle benefits with some fuel credit cards.
• You will be eligible for dining offers, BookMyShow offers, concierge services, telecom benefits etc.
• You will be eligible for Turbo points
• Fuel credit cards can be used to make utility bill payments.
• Annual fee waiver.

Key Features of The BPCL SBI Credit Card

• Surcharge waiver of up to Rs. 100 for each month at BPCL petrol pumps
• Annual fuel savings of 70 liters
• 4.25% valueback (13x points on fuel purchases in BPCL petrol pumps)
• Maximum 1300 reward points per billing cycle
• 5x reward points per Rs.100 spent on groceries, dining, movie ticket purchases, and departmental store purchases.
• 1 reward point per Rs. 100 spent on non fuel purchases

Key Features of The BPCL SBI Card Octane

• Welcome benefits of 6,000 reward points.
• 25x reward points with reward points of 2,500 per statement cycle at BPCL stations
• Obtain value-back benefits of up to 7.25% reward points on fuel purchases in BPCL petrol pumps.
• 4 complimentary lounge visits at domestic airports.
• Complimentary fraud liability cover of Rs.1 lakh.

Key Features of The HDFC All Miles Credit Card

• Fuel surcharge waiver of 1% (Up to Rs. 500) per billing cycle as long as the fuel transaction amount is more than Rs. 400.
• Earn 3 reward points per Rs. 150 spent
• 2X reward points on hotel bookings, shopping, and mobile recharge
• Reward points are redeemable against the rewards catalog or can be converted to air miles.
• Interest-free credit period of upto 50 days from the transaction date
• Annual fee waiver on spending Rs. 1 lakh in the previous year.

Key Features of The ICICI Bank HPCL Credit Card

• Comes with global acceptance and can be used at all Visa or Mastercard outlets.
• Annual fee reversal on spends of over Rs. 50,000 annually.
• Your balance due from other credit cards can be transferred to this card, and you can then repay through EMIs availing a lower interest rate
• 2 payback points per Rs. 100 spent on retail purchases
• 1% fuel surcharge applicable on all fuel spends of up to Rs. 4,000

Key Features of The Standard Chartered Super Value Titanium Credit Card

• Cashback of 5% on fuel spends across all fuel stations up to Rs. 200 per month.
• Maximum cashback of up to Rs. 100 per transaction
• You can avail of cashback on transactions of Rs. 2,000 or below.
• Get a cashback of up to 5% on utility bills payments on minimal transactions of Rs. 750. Maximum cashback of Rs. 100 per month.
• Get a cashback of up to 5% on telephone bill payments subject to a limit of Rs. 750 at least. Maximum avail cashback of Rs. 200 per month.
• 1 reward point on every Rs. 150 that you spend on other categories.

Eligibility Criteria For Fuel Credit Cards

Factors To Look into Before Applying For A Fuel Credit Card

• Annual Fee: Check the annual fee offered by the credit card before applying. Some credit cards provide annual fee waivers on spending a certain amount of money using your card every year
• Interest Rate: Look for a fuel credit card that provides the best interest rate as it would help you repay the borrowed amount with ease.
• Upper limits on spends: The upper limit on spends to avail benefits must not be too high
• Fuel Surcharge Waiver: The fuel surcharge is levied on your fuel transactions across all the petrol pumps. Fuel credit cards save this surcharge and provide this waiver on your transactions. So, you should look for a card that offers a fuel surcharge waiver.
• Check for participating oil companies: Check if the fuel benefits are offered at all the petrol pumps across India. Because some credit cards will just offer these benefits at specific petrol pumps owned by a specific oil company.
• Savings: You should see how much you can save on fuel transactions before applying for a fuel credit card.

How To Apply For Fuel Credit Cards?

On The CreditMantri Website

1. Click on “CHECK ELIGIBILITY”

2. Fill in information like Mobile number, Residence city, Employment type, Email ID, Residence Pin code, any loans, etc.

3. Click on “Submit”

4. For verification, enter the OTP sent to your registered mobile number

5. Follow the instructions and complete the rest of the application

On The Bank’s or Company’s Website

2. After the card is selected, you can review the card once you apply for it.

3. It will ask you whether you are an existing customer or not

5. After you enter the details, an OTP will be sent to your mobile

6. You will have to input the number in the slot given on the website.

7. Post entering the OTP, it will ask a few basic questions like work, experience, income, etc.

8. After this, you can click on the apply option

9. If you are not a customer at present, you will also have to add your Aadhaar and other personal details

10. After you enter the details, it will display the credit cards available for you

11. Choose the card

12. Post selecting the card, you will get a message on your mobile saying that your application has been accepted.

13. Once the application has been selected, the bank or company will send you a confirmation email or SMS saying if the application has been accepted or rejected.

Offline Application

Conclusion

Fuel credit cards can bring down your expense on fuel significantly, since most of these credit cards give you a cashback or reward points equivalent to 5% of your spends on fuel. There is also an additional benefit of the surcharge waiver. So, it is always recommended to buy petrol or diesel with the help of a fuel card.

FAQs Of Fuel Credit Cards