Fuel Credit Card in India
Apart from groceries, the Indian family spends the highest amount of money every month on fuel. Practically every house in India has a two-wheeler. Many people have cars, as well, standing in their porch. Hence, a family spends a substantial amount on fuel expenses. With India moving towards a cashless economy, people use Credit Cards for refuelling their vehicles. The regular Credit Cards are excellent when it comes to other retail purchases, as it enables you to earn rewards points. As far as fuel is concerned, it is better to go for specific Credit Cards that offer discounts and cashback on fuel. The fuel Credit Cards should be the ideal choice.
Fuel Credit Card in India - Variety of options
Considering the Indian family's expenses on fuel, many fuel companies like HPCL and Indian Oil collaborate with the top banks in the country to offer fuel Credit Cards. These Credit Cards are different from the regular Credit Cards, as they provide special concessions for refuelling at their respective fuel stations. Apart from delivering cashback and rewards points, these cards offer a waiver of fuel surcharge, as well. Besides, these cards can be used for your regular retail purchases, whereby you continue to earn reward points (RP).
Fuel Credit Card - Features and Benefits
- Rewards points for spending on fuel across all fuelling stations in India
- Cashback offers by way of statement credit
- Redeem rewards to get cash credit on your statement, thereby serving as a cashback offer
- Get exemptions on fuel surcharge
- Facility to earn more reward points on weekends
- Earn turbo points that translate into free fuel at the time of redemption
- Incentives in the form of an annual renewal fee waiver on spending milestone amounts
- Upgrading the Credit Card for availing better benefits is also available on some fuel Credit Cards
- Earn rewards points on your regular expenses, as well
- Affordable joining and annual renewal fees
- Variety of options available
Fuel Credit Card - Points to Look for
- Availability at all fuel stations: Check out whether you can avail the benefits of the fuel Credit Card at all fuelling stations.
- Fuel surcharge exemption: Some fuel Credit Cards offer complete waiver of fuel surcharge, whereas some of them offer 1% exemption.
- Ease of redemption: The ideal fuel Credit Card is one that allows you to redeem rewards points for free fuel.
- Annual and renewal fees: Credit Cards that target specific purposes/categories are comparatively expensive to the regular Credit Cards. However, these cards provide benefits like waiver of renewal fees on spending a particular sum of money on the Credit Card annually.
Fuel Credit Cards - The Best on Offer
BPCL SBI Credit Card |
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ICICI Bank HPCL Credit Card |
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ICICI Bank HPCL - Coral American Express Credit Card |
ICICI Bank HPCL Coral Visa/MasterCard Credit Cards |
ICICI Bank HPCL Coral Platinum Credit Card |
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HDFC Bank Bharat Cashback Card |
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Bharat Cashback Card |
Bharat Card |
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Standard Chartered Super Value Titanium Credit Card |
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Citibank Fuel Credit Cards |
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Indian Oil Citi Platinum Credit Card |
Indian Oil Citi Titanium Credit Card |
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Fuel Credit Card - General Eligibility Norms
The eligibility norms for a fuel Credit Card are the same as that for other Credit Cards. The applicant should have a steady source of income. They should be in the age group of 21 to 65 years.
Fuel Credit Card - Frequently Asked Questions
How are fuel Credit Cards different from the regular Credit Cards?
Fuel Credit Cards are not different in their features and usage patterns. The only difference is that the cardholder gets additional benefits on using these Credit Cards at petrol pumps. These benefits include discounts, cashback, reward points, and fuel surcharge waiver.
Can you redeem these reward points for purchasing fuel?
Yes, some fuel Credit Cards allow the facility to redeem these reward points for free fuel at selected petrol pumps.
How do we get the cashback?
The cashback is in the form of a statement credit. It will reflect in your Credit Card statement.
Is the interest-free period benefit available on fuel Credit Cards?
Yes, all features that are available on a general Credit Card are available on these fuel Credit Cards, as well.
Can I use the fuel Credit Cards to get benefits at all fuel stations?
It is advisable to check out before using the card. At times, the HPCL co-branded Credit Cards do not permit you to receive the benefits at Indian Oil petrol bunks or Reliance petrol pumps. Similar is the case vice-versa.
Is the benefit available on all kinds of fuel like petrol, diesel, and CNG?
Yes, the benefits are available on all types of fuel provided you refuel your vehicle at authorised fuel stations.