As we step into 2024, the landscape of credit cards continues to evolve, and for those who frequently find themselves at the fuel station, having a dedicated fuel credit card can be a game-changer. These specialized credit cards offer unique benefits such as fuel surcharge waivers, reward points on fuel spends, and additional perks tailored for those who spend a significant portion of their budget on fuel expenses.
Here’s a list of the best fuel credit cards that are poised to make a mark in 2024, providing consumers with enhanced savings and exclusive privileges at the pump.
IndianOil Citi Credit Card
This credit card offers valuable benefits, including a 5% value back on HP products, 7.5% on Croma products, and a 10% discount on Tribe. Cashback is available on Vivo products, providing an additional incentive of INR 1,000. The annual fee is INR 1,000 plus 18% GST, waived on expenditures of INR 30,000 or more.
For fuel expenses, users earn 4 turbo points for every INR 150 spent, with no upper limit on reward points and a surcharge waiver without restrictions. On non-fuel purchases, 2 turbo points are earned for every INR 150 spent on groceries, and 1 turbo point for other expenditures with no upper limit.
Turbo points can be redeemed flexibly, with 1 turbo point equating to INR 1 for free fuel, and various redemption options are available, including holidays, air miles, cashback, etc. These points never expire, and redemption is convenient through SMS or partner brand purchases.
IndianOil HDFC Bank Credit Card
The IndianOil HDFC Bank Credit Card comes with an annual fee of INR 500. For fuel-related benefits, users can earn up to 250 points per month in the first six months and 150 points per month thereafter. The surcharge waiver applies to transactions above INR 400, with a maximum monthly savings limit of INR 250.
Apart from fuel purchases, the card offers 5% fuel points on grocery purchases and bill payments, with a maximum limit of 100 points per month in each category.
Redeeming reward points allows users to obtain fuel, with the value equivalent to 5% of the amount spent. These points are exclusively redeemable at Indian Oil pumps. Numeric fuel points can also be exchanged for fuel or cashback, with 1 fuel point equal to INR 0.96 for fuel purchase and INR 0.20 for cashback. The fuel points remain valid for two years.
BPCL SBI Credit Card
The BPCL SBI Credit Card comes with an annual fee of INR 499 plus GST. For fuel-related benefits, users can earn a maximum of 1300 Reward Points per billing cycle, with a surcharge waiver applicable to purchases over INR 4,000 in a billing cycle.
Beyond fuel, the card offers 5X Reward Points on spending INR 100 on groceries, departmental stores, movies, and dining. The upper limit on reward points for non-fuel purchases is 5,000 Reward Points in a billing cycle.
For any other retail sale, users earn 1 Reward Point for every INR 100 spent. Redeeming these points is convenient, with 1 Reward Point equal to 0.25 paise. These points can be redeemed at BPCL petrol pumps or through SBI’s Shop n Smile catalog, with no minimum threshold for redemption.
ICICI Bank HPCL Super Saver Credit Card
The ICICI Bank HPCL Super Saver Credit Card has an annual fee of INR 500 plus 18% GST. For fuel-related benefits, there is no upper limit on reward points, although there is no surcharge waiver.
On non-fuel purchases, users earn 5% cash back in the form of cash points on groceries, departmental stores, and utility bill payments. Additionally, 2 reward points are earned on every INR 100 spent on any retail purchase, with no upper limit on reward points for non-fuel transactions.
Reward points can be conveniently redeemed at HPCL petrol pumps or for various products through PAYBACK. These points are versatile, redeemable for movies and travel vouchers, lifestyle products, mobiles, appliances, and more. Each PAYBACK point is worth INR 0.25.
IndianOil Axis Bank Credit Card
The IndianOil Axis Bank Credit Card comes with an annual fee of INR 500 plus 18% GST, which is waived off on spending INR 50,000 with the card in a year. For fuel-related benefits, there are no reward points on transactions above INR 5,000 and below INR 100 in a month. The surcharge waiver applies to oil purchases ranging from INR 200 to INR 5,000, up to a maximum of INR 50 in a billing cycle.
On non-fuel purchases, users earn 1 EDGE reward point per INR 100 spent with the credit card. Additionally, there is a 20% discount at partner restaurants. The annual fee is waived off on spending INR 50,000 with the card in a year, and there is no upper limit on reward points for non-fuel purchases.
Redeeming EDGE reward points provides flexibility, allowing users to purchase merchandise from Myntra, Flipkart, and the EDGE website. These points can also be used for booking hotels, with 1 EDGE point equivalent to INR 0.20.
Standard Chartered Super Value Titanium Credit Card
The Standard Chartered Super Value Titanium Credit Card has an annual fee of INR 750 plus 18% GST. For fuel-related benefits, there is an upper limit of INR 200 per month on reward points, and no surcharge waiver is applicable.
On non-fuel purchases, users receive 5% cashback when paying utility bills, with a maximum cashback of INR 100 per month for transactions above INR 750. Additionally, users earn 1 Reward Point for every INR 150 spent on the credit card.
Redeeming reward points offers flexibility, allowing users to exchange them for vouchers, discounts, and other attractive offers from the company’s catalog.
BPCL SBI Credit Card
The BPCL SBI Credit Card comes with an annual fee of INR 499 plus GST. The fuel-related benefits include an upper limit of 1300 Reward Points per billing cycle and a surcharge waiver applicable to purchases of INR 4,000 in a billing cycle, beyond which the standard 1% surcharge is applied.
For non-fuel purchases, users receive 5X Reward Points on spending INR 100 on groceries, departmental stores, movies, and dining. The upper limit on Reward Points for non-fuel purchases is 5,000 points in a billing cycle. Additionally, users earn 1 Reward Point for every INR 100 spent on any other retail purchase.
Redeeming Reward Points is straightforward, with 1 Reward Point equal to 0.25 paise. These points can be redeemed at any BPCL petrol pumps, and there is no minimum threshold for redemption. Users can utilize these points while purchasing petrol from BPCL pumps or through SBI’s Shop n Smile catalog.
