Fuel credit cards are getting in high in demand as the cost of fuel is ever-rising. Recognizing this, various banks have started to give an array of credit cards offering unique features. You might have trouble finding the right fuel credit card considering the high variety. This article is meant to help you understand the eligibility, benefits and factors to consider before choosing a fuel credit card for your needs.
Based on your income, fuel requirement, transaction patterns, etc., you can easily choose a fuel credit card if you are living in India. In the need of identifying the best fuel credit cards in India, we did thorough research to get you the 10 most profitable ones. So if you were looking to avail a fuel credit card for yourself, keep reading below
Top 10 Best Fuel Credit Cards in India
In this article
We have brought to some shortlisted fuel credit cards in India based on cashback to focus, fuel vouchers and fuel overcharge waivers. We’ve gone through the market to locate the best ones out there for you.
1.Indian Oil CITI Credit Card
Considered as a real part of the best fuel credit cards in India, Indian Oil Citi Platinum Card provides up to 71 Litres of free fuel in a year which makes them the best choice for the best fuel credit card. You will win Turbo Points for each spend, which can be recovered at Indian Oil Fuel Stations. More details of this card are given below.
- Get up to 71 litres of fuel for free per year
- Annual fee of ₹1000 gets waived off by spending ₹30000 in a membership year.
- ₹150 = 4 Turbo Points (At Indian oil Outlets and Featured Partners)
- ₹150 = 2 Turbo Points (At Grocery Stores)
- ₹150 = 1 Turbo Points (On Normal Spends)
- 1 Turbo Point = ₹1 (On Fuel Redemption)
- 1 Turbo Point = ₹0.30 (For Others)
- Annual Fee:₹1,000
- Cheque/ECS/ACH bounce charge :₹ 500 per returned instrument
- Extended Credit Charges: 3.25% p.m. /39% p.a.
- Outstation Cheque Charge (based on the value of the cheque)
- Up to ₹10,000 – ₹50 per cheque
- ₹10,001 to ₹1, 00,000 – ₹100 per cheque
- Above ₹1, 00,001 – ₹150 per cheque
- Reissue of lost, stolen or damaged card: ₹100
- Cash Advance Charges: 2.5% on the billed amount withdrawn*, subject to a minimum of ₹500
- Railway ticket booking surcharge: 1.8% of the transaction value
- Fuel transaction charge: 1% of the transaction amount, subject to a minimum of ₹ 10. Waived at Indian Oil Corporation outlets for transactions on Citi EDCs (electronic data capture terminals)
- Over limit Charges: 2.5% of the amount (excluding fees, charges, and taxes) over the credit limit, subject to a minimum of ₹ 500
- Late Payment Fee
- ₹ 300 for current balance less than ₹ 10,001
- ₹ 600 for current balance* of ₹ 10,001 and up to ₹ 25,000
- ₹ 950 for current balance above ₹ 25,000
- Occupation: Salaried
- Minimum Income: ₹25,000 per month
2.Standard Chartered Super Value Titanium Credit Card
This charge card is exceptionally planned for people who are demanding about managing their money. This contribution is made by Standard Chartered Bank, one of the main worldwide banks, with unrivaled rewards and money, back gave to the cardholder, making it one of the best fuel credit cards in India.
- Get 100% onetime cashback (up to ₹1500) on Fuel spends within 1st 90 days of card issuance
- Earn 5% cashback on fuel spends across all fuel stations up to a maximum of ₹200 per month (max of ₹100 per transaction)
- Get 1 reward point for every ₹150 when you use your credit card for all other expenses.
- ₹150 = 1 Reward Point
- Annual Fee: ₹ 750
- Annual Fee (second year onwards) : ₹ 750
- Free Credit Period: Nil
- Cash Advance Charges :3% of withdrawal or ₹ 300 per transaction, whichever is higher
- Add-on Fee (per annum) : Nil
- Over limit Charges: 2.5% of over-limit amount subject to a minimum of ₹ 500
- Surcharges
- ₹ 10 or 1% of the transaction (whichever is higher) are levied on Petrol transactions.
- ₹ 25 or 2.5% (whichever is higher) are levied on Railway station
- Goods and Services Tax (GST) : GST is levied on all taxable supplies
- Late Payment Charges
- ₹ 0 for statement outstanding balance less than or equal to ₹ 100
- ₹ 100 for statement outstanding balance between ₹ 100 and ₹ 500
- ₹ 500 for statement outstanding balance between ₹ 501 and ₹ 5,000
- ₹ 700 for statement outstanding balance between ₹ 5,001 and ₹ 15,000
- ₹ 800 for statement outstanding balance greater than ₹ 15,000
- Occupation: Salaried or Self-employed
- Minimum Income for Salaried Applicants:₹ 55,000 per month
- Minimum Income for Self-employed Applicants:₹ 660,000 per annum
3.Regalia HDFC Credit Card
HDFC Regalia Credit Card is among the most well-known charge cards from HDFC Bank. The HDFC fuel card charges a yearly expense of ₹ 2,500 with simple waiver conditions and is most appropriate for visiting customers, voyagers, and burger joints. Cardholders will likewise appreciate benefits under a brilliant prize program.
- Earn 15,000 Reward Points on annual spends of ₹8,00,000 or more in each anniversary year
- Welcome bonus of 2500 reward points
- Earn 4 Reward Points for every ₹150 spent
- Complimentary Priority Pass Membership for access to 850+ airport lounges globally
- ₹150 = 4 Reward Points
- 1 Reward Point= ₹0.50
- Save up to ₹15299 on Annual Spend of ₹4 Lakh
- Annual Fee: ₹ 2,500
- Cash Advance Charges: 2.5% of the amount withdrawn or ₹ 500 whichever is higher
- Add-on Fee (per annum): Nil
- Over limit Charges: 2.5% of the over-limit amount, subject to a minimum of ₹ 500
- Railway Ticket Purchase Fee: 1.8% of the transaction amount + GST
- Reissue of Lost, Stolen or Damaged Card: ₹ 100
- Payment Return Charges: 2% of Payment amount subject to a minimum of ₹ 450
- Cash Processing Fee: ₹ 100 (for all card payments made by depositing in HDFC Bank branches or ATMs)
- Balance Transfer Processing Charges: 1% of BT amount or ₹ 250, whichever is higher
- Late Payment Charges for Statement Balance:
- Less than ₹ 100
- ₹100 to ₹500 – ₹100
- ₹501 to ₹5,000 – ₹500
- ₹5,001 to ₹10,000 – ₹600
- ₹10,001 and ₹ 25,000 – ₹800
- Above ₹ 25,000 – ₹ 950
- Occupation: Salaried or Self-employed
- Minimum Income for Salaried Applicants: 90,000 per month
- Minimum Income for Self-employed Applicant: ₹ 1, 00,000 per month
- Serviceable Cities: To be eligible for HDFC Credit Cards, you must be a resident of any of the following cities
4.IndusInd Bank Platinum Aura Credit Card
IndusInd Platinum Aura Credit Card is appropriate to the necessities of regular customers as it rewards them for each buy, with additional compensations on departmental store and staple spends. The card additionally gives complimentary grocery access and attentive service. Become familiar with the advantages of this charge card here.
- Get gift vouchers from EazyDiner, MMT, Satya Paul, Jet Airways, BATA and Vero Moda
- Book Your Favorite Restaurants on a Tap & earn Great Deals & Discounts on EazyDiner
- Get vouchers from MMT
- Save up to ₹14797 on yearly Spend of ₹4 Lakh
- Joining Fee: ₹ 899
- Annual Fee: ₹ 200
- Add-on Fee: Nil
- Interest-Free Period: Up to 50 days, only when all the dues are paid in full
- Cash Advance Fee: 2.5% of the amount/ Min. ₹ 300
- Overlimit Charges: 2.5% of the over-limit amount (Min. ₹ 500)
- Interest on Revolving Credit: 3.83% per month (46% Annual)
- Late Payment Charges For balance-
- Below ₹ 100- Nil
- Between ₹ 100 to ₹ 500- ₹ 100
- Between ₹ 501 to ₹ 1,000- ₹ 350
- Between ₹ 1,001 to ₹ 10,000- ₹ 550
- Above ₹ 10,000- ₹ 700
- Foreign Exchange Mark-up: 3.50%
- Occupation: Salaried or Self-employed
- Minimum Income for Salaried Applicants: 90,000 per month
- Minimum Income for Self-employed Applicant: ₹ 1, 00,000 per month
- Serviceable Cities: To be eligible for HDFC Credit Cards, you must be a resident of any of the following cities
5.Moneyback HDFC Credit Card
HDFC MoneyBack Credit Card is appropriate for shopping as cardholders get cashback as remuneration focuses on their buys. The earned cashback can be used for additional shopping or can likewise be changed over into direct proclamation credit.
- Get 500 Reward Points as a welcome gift
- Earn 2X Reward Points for every ₹150 of Online spends
- Earn 2 Reward Points for every ₹150 of Retail spends
- ₹150 = 2 Reward Points (On Retail)
- Save up to ₹1968 on Annual Spend of₹4 Lakh
- Annual Fee: ₹ 500 + GST
- Cash Advance Charges: 2.5% of the amount withdrawn or ₹ 500 whichever is higher
- Over limit Charges: 2.5% of the over-limit amount, subject to a minimum of ₹ 500
- Railway Ticket Purchase Fee: 1.8% of the transaction amount + GST
- Reissue of Lost, Stolen or Damaged Card: ₹ 100
- Payment Return Charges: 2% of Payment amount subject to a minimum of ₹ 450
- Cash Processing Fee: ₹ 100 (for all card payments made by depositing in HDFC Bank branches or ATMs)
- Balance Transfer Processing Charges: 1% of BT amount or ₹ 250, whichever is higher
- Late Payment Charges
- For Statement Balance
- Less than ₹ 100 – Nil
- ₹ 100 to ₹ 500 – ₹ 100
- ₹ 501 to ₹ 5,000 – ₹ 500
- ₹ 5,001 to ₹ 10,000 – ₹ 600
- ₹ 10,001 to ₹ 25,000 – ₹ 800
- ₹ 25,001 and above – ₹ 950
- Occupation: Salaried or Self-employed
- Minimum Income for Salaried Applicants: ₹ 13,500 per month
- Minimum Income for Self-employed Applicants: ₹ 22,500 per month
- Serviceable Cities: SBI Credit Cards serves in 147 cities in India
6.SimplySAVE SBI Card
SBI SimplySAVE charge card is most appropriate for a successive customer. The card, as the name recommends, causes you to acquire large rewards and save money on your shopping costs. It causes you to acquire huge awards on possibly high consumption classes, for example, basic food items, the departmental store buys, feasting, and motion pictures.
- Spend ₹2,000 or more in first 60 days and get 2,000 bonus Reward Points
- Get ₹100 cashback on your first ATM cash withdrawal, within first 30 days of receiving the card
- Enjoy 10 Reward Points per Rs 100 spent on Dining, Movies, Departmental Stores and Grocery Spends
- ₹100 = 10 Reward Points on Dining, Movies, Departmental Stores and Grocery Spends
- ₹100 = 1 Reward Point on others
- Annual Fee: ₹ 499
- Renewal Fee: ₹ 499
- Free Credit Period: Nil
- Add-on Fee (per annum): Nil
- Extended Credit Interest-Free Credit Period: 20-50 days, applicable only on retail purchases and if previous month’s outstanding balance is paid in full
- Extended Credit Charges/ Cash Advance Charges: Up to 3.35% per month, accounting to 40.2% per annum, from the date of transaction
- Cash Advance Limit Up to 80% of the credit limit, maximum ₹ 15,000 per day
- Cash Advance Fee SBI or Other Domestic ATMs: 2.5% of withdrawal or ₹ 300 per transaction, whichever is higher
- Cash Advance fee International ATMs: 3.0% of withdrawal or ₹ 300 per transaction, whichever is higher
- Over limit Charges: 2.5% of the over-limit amount subject to a minimum of ₹ 500
- Late Payment Charges
- Nil for the total amount due from ₹ 0 to ₹ 200
- ₹ 100 for the total amount due greater than ₹ 200 and up to ₹ 500
- ₹ 400 for the total amount due greater than ₹ 500 and up to ₹ 1,000
- ₹ 600 for the total amount due greater than ₹ 1,000 and up to ₹ 10,000
- ₹ 800 for the total amount due greater than 10,000 and up to ₹ 25,000
- ₹ 950 for the total amount due greater than ₹ 25,000
- Occupation: Salaried or Self-employed
- Minimum Income for Salaried Applicants: ₹ 13,500 per month
- Minimum Income for Self-employed Applicants: ₹ 22,500 per month
- Serviceable Cities: SBI Credit Cards serves in 147 cities in India
7.Kotak Delight Platinum Credit Card
Kotak Delight Platinum Credit Card is an incredible all-around MasterCard fit to meet the fluctuated needs of the cutting edge person. The card can be utilized to satisfy the entertainment or traveling needs of the person. Details of the card are given underneath.
- Spend ₹2,000 or more in first 60 days and get 2,000 bonus Reward Points
- Get ₹100 cashback on your first ATM cash withdrawal, within first 30 days of receiving the card
- Enjoy 10 Reward Points per Rs 100 spent on Dining, Movies, Departmental Stores and Grocery Spends
- Get a maximum railway surcharge waiver of ₹ 500 annually
- Joining Fees: ₹ 1,999
- Annual Fees: ₹ 299
- Add-on card Fees : ₹ 299
- Finance Charges : 3.50% per month/ 42%p.a.
- Minimum Amount Due (MAD): Between 5% and 10% of the Total Amount Due
- ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance Fee per ₹ 10,000 : ₹ 300
- Late Payment Charges (“LPC”)
- ₹ 100 for an amount less than or equal to ₹ 500.
- ₹ 500 for amount between ₹ 500.01 & ₹ 10,000
- ₹ 700 for an amount greater than ₹ 10,000
- Over Limit Charge: ₹ 500
- Cheque Bounce Charges: ₹ 500
- Foreign Currency Mark Up: 3.5% of the amount
- Cash payment Fee: ₹ 100
- Card Replacement Fee : ₹ 100.0
- CIBIL – Credit Information Report : ₹ 50
- Only Indian Nationals can apply
- Add-on cardholder should be at least 18 years of age
- Applicant must be aged between 21 to 65 years of age
- Applicant must be resident in any of the following cities: Bangalore, Chandigarh, Chennai, Ahmedabad, Gurgaon (Gurugram), Noida, Kolkata, Mumbai, Delhi, Navi Mumbai, Hyderabad, and Pune
8.RBL Bank Platinum Delight Credit Card
RBL Platinum Delight MasterCard is appropriate for the individuals who like shopping as they get remunerated on making all buys.
- Cardholders get 2X reward points on all transactions carried out on weekends.
- This card offers annual spend benefits, fuel advantages, etc.
- 2X reward points can be earned on weekends on the spending of ₹ 100
- Annual Fee: ₹ 1,000
- Add-on Fee (per annum): Nil
- Free Credit Period: Nil
- Cash Advance (ATM withdrawals): 2.5% of withdrawal or ₹ 300 per transaction, whichever is higher
- Over limit Charges: ₹ 600
- Late Payment Fee: 15% of the total amount due (Min ₹ 50 and Max ₹ 1,000)
- Surcharges
- IRCTC Service Charges + Payment
- Gateway transaction charges (up to 1.8% of ticket amount + IRCTC service charges)
- Goods and Services Tax (GST): GST is levied on all taxable supplies
- Every resident and non-resident of India aged 18 years and above can apply for RBL Platinum Delight Card with minimum documentation requirement. Documents required after the online application process include proofs of identity, address, and income, such as Author Card, PAN Card, Voter ID Card, etc.
9.ICICI Bank Coral Contactless Credit Card
ICICI Bank Coral Contactless Credit Card is a decent choice for first-time use. The card compensates its clients for each buy which can later be remunerated against vouchers, product and the sky is the limit from there. More features of the card are given below.
- Earn up to 10,000 PAYBACK Points from ICICI Bank Rewards every anniversary year
- 2 complimentary movie tickets every month under the Buy One Get One free offer through www.bookmyshow.com
- Minimum 15% savings on dining bills at over 2500+ restaurants across India through the Culinary Treats Program
- ₹100 = 2 PAYBACK Points (Except Fuel)
- ₹100 = 1 PAYBACK Point (on utilities and insurance categories)
- Save up to ₹15772 on Annual Spend of ₹4 Lakh
- Joining Fee: ₹ 500
- Annual Fee: ₹ 500
- Add-on Fee (per annum): Nil
- Free Credit Period: 18 to 48 days
- Finance Charges: 3.40% per month / 40.80% p.a.
- Overlimit Charges: 2.50% of the over-limit amount/Min. ₹ 500
- Late Payment Charges
- Nil for the amount due to less than ₹ 100
- ₹ 100 for an amount between ₹ 100 and ₹ 500
- ₹ 500 for the total amount due greater than ₹ 501 and up to ₹ 10,000
- ₹ 750 for the total amount due greater than ₹ 10,000
- Surcharges: 1% /Min. ₹ 10 on fuel transaction1.80% of the transaction value for Internet railway bookings and 2.50% for other railway bookings.
- Foreign Transaction Fee: 3.50% of the amount
- Occupation: Salaried or Self-employed
- Minimum Income for Salaried Applicants: ₹ 20,000 per month
- Minimum Income for Self-employed Applicants: ₹ 50,000 per month
10. HSBC Visa Platinum Credit Card
HSBC VISA Platinum MasterCard is most appropriate for shopping, eating and fuel buys. The cardholder can likewise acquire reward focuses and gain admittance to a large group of other premium administrations from the bank including attendant services, zero lost card risk and crisis card replacement.
- Get 10% cashback (up to ₹2,000) for making a minimum of 9 transactions totaling ₹10,000 or more in the first 90 days of card issuance*
- BookMyShow voucher worth ₹500 on spending over ₹50,000 in a calendar month (maximum ₹3,000 per cardholder per year)*
- Up to 15% off dining at over 1,000 restaurants across major cities
- ₹150 = 2 Reward Points
- Save up to ₹19774 on Annual Spend of ₹4 Lakh
- Save up to ₹19774 on Annual Spend of ₹4 Lakh
- Annual Fee: Nil
- Finance Charges: 3.3% p.m. (39.6% p.a.) computed from the date of transaction
- Add-on Fee (per annum) : Nil
- Interest-Free Credit Period: Up to 52 days
- Minimum Payment Due (MPD) on extended credit usage
- 5% of the complete installment because of the announcement in addition to more prominent of past due or over cutoff due (assuming any), subject to at least ₹ 100. Interest will be charged on the all-inclusive credit according to terms and conditions
- Duplicate Statement Request: ₹ 100 per statement (beyond last 3 months)
- The transaction fee for cash advances: 2.5% of transaction amount (subject to a minimum of ₹ 300)
- Late Payment Charges
- Minimum Payment Due Amount Up to ₹ 500 – Fine of ₹ 400
- Between ₹ 500 & ₹ 1,000 – Fine of ₹ 500
- Above ₹ 1,000 – Fine of ₹ 750
- Over Limit Fee: ₹ 500 per month
- Foreign Currency Transaction Fee: 3.50% of the amount
- Occupation: Salaried
- Minimum Income: ₹ 40,000 per month
- Serviceable Cities: To be eligible HSBC Bank Credit Cards, you must be a resident of any of the following cities
Benefits of Best Fuel Credit Cards in India
The following would be the advantages of fuel recognition cards Reward Points. The cardholder can earn reward points on each spending using the credit card. The accumulated reward points will be redeemed against an array of choices, which includes going shopping, traveling, air far, and so on.
1.Fee Waiver:
During each purchase of fuel at the fuel station, anyone really should spend some surcharge in case the investment is created by using the card. By utilizing energy recognition cards, the cardholder is qualified for a fee waiver. The price of the fuel transaction will even come down. Down below you can find out how to pick the best credit card for fuel surcharge waiver.
2.Welcome Gift:
Buying the best fuel credit card allows the cardholder to get different welcome gifts, which often varies from one credit card to another. Through the use of the credit card, anyone can make reward points in a pleasant bonus or even will get cashback on energy bill payments or could get a multitude of deals and also offers across dining, shopping, travel, and entertainment so on.
3.Dining Offers:
The majority of the fuel-based credit cards pop up with fantastic dining offers. The card offeror can have tie-ups with restaurants across the cardholder, and the country can get a discount on the last bill if compensated by using a credit card.
Documents Required for Fuel Based Credit Cards
- One Passport Size Photograph
- PAN Card
- Income Proof – Pay Slip for the previous three weeks or maybe newest one or maybe two months’ salary slips or even Income Tax Return or perhaps Latest Bank Statement for three weeks or Form sixteen
- Identity Proof – Bank Statement or maybe Aadhaar Card or possibly Election Voter ID or maybe Driving License
- Address Proof – Passport or maybe Driving License or maybe Election Voter ID and Ration Card or perhaps Rental Bank or Agreement account declaration.
Eligibility Criteria to use for Fuel Based Credit Cards
The prospective applicant must stay in the age group of eighteen to seventy years. Candidate must have a lasting monthly income. He/she must have a high CIBIL score. The applicant needs to be a resident of India or even a Non-Resident Indian. Ought to be a regular buyer of the fuel.
How to Pick Top Fuel Based Credit Cards in India?
The top-most way to pick the best Fuel Credit Card in India. There are multiple choices to decide from, for instance, BPCL fuel card, SBI fuel card, etc. Choosing the very best fuel credit card may not be secure, given the large number of options offered in the market. Nevertheless, you have to consider the following:
1.Your Fuel Spending pattern:
Examine the expenses of yours and determine just how much of the monthly budget of yours is moving towards paying out for fuel. Only choose a fuel Card in case you own a bike or a car, and in fact, you spend a significant amount on fuel. There’s no use selecting a card that provides fuel advantages in case you don’t have a significant monthly energy bill. Furthermore, you are going to spend much more on yearly fees, joining costs, etc.
2.The credit card of your transaction pattern:
Easily, the first criteria in selecting your credit card will be your payment behavior. You have to ensure you pay off your credit card dues every month to avoid accumulating an outrageous interest amount. Ideally, look for a credit card that has fuel benefits, which provides the best interest rate, rather than a credit card with many incentives but an abnormally high-interest fee. Whatever excuses you get for paying on your credit will be wiped out with the higher interest rate you spend on your fantasy.
3.Charges:
Before requesting an HDFC fuel card or SBI fuel card, or maybe some other credit card for that issue, you have to make sure of every card’s expenses and costs. Compare as well as contrast the cards online then decide whether the card is worth reading for you. Occasionally, a card might offer incredibly attractive benefits and discounts through the annual costs, renewal costs, joining other charges, and substantial fees. This might negate the benefits that you earn in your investing.
4.Your income:
You need to carefully think about your monthly net income and judge whether you can pay for a specific bank card, as this may substantially increase your expense and may place you in debt. Plan the expenses of yours, keep your expense sheet in case required to observe your spending habits. You feel confident you can pay off your monthly credit card bills, only then must you choose a credit card.
FAQ
1. Does a candidate under the age of 18 acquire this card by nominating nominee?
It depends upon the terms and conditions of the bank
2. What is the Turbo point in a Credit card?
What is the Turbo point in a Credit card?
3. Why should you opt for a fuel credit card?
Having a fuel credit card assists with waving overcharge and give benefits during fuel purchase.
4. Is BPCL fuel card better than HDFC Bharat credit card?
There is a difference between the benefits and features of both the cards. So, it depends upon the candidate credibility and the benefits which they want to avail.
5. How to know which is the best fuel credit card for me?
The card which suits your income and gives you optimum benefits.
6. What other credit cards for fuel can I opt for?
SBI fuel card, BPCL fuel card also stand apart owing to their annual saving proportions and reward points.
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