If you love driving and are facing issues due to rising fuel prices, as fuel costs can often significantly impact your monthly budget, but did you know that choosing the right credit card can help you save on fuel? Fuel credit cards are specially designed to provide discounts, cashback, or reward points when you fill up your tank.
In this article, we will easily explain the best fuel credit cards for 2024, helping you choose a card that can save you money and offer additional benefits. Whether you want to save on your daily commute or long journeys, these credit cards can help you keep more money in your pocket. Let’s find out which is the best fuel credit card for you in 2024!
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Why Choose a Fuel Credit Card?
When it comes to your fuel purchases, using one of those fuel credit cards is really a good option for you since it will save you money. These cards generally offer cashback, discounts or reward point whenever you fill petrol or diesel in car tank. More fuel you buy, the more cashback you will receive. In addition; many fuel credit cards also include other advantages like discounts on car servicing or access to airport lounges during travel. Therefore if in a year a person spends an ample amount of their earning on-fuel purchase they have a chance that they will save great deal of money by going for this type of card.
best Fuel Credit Cards in 2024
IndianOil Citi Platinum Credit Card
This special card is an IndianOil credit card designed keeping in mind those consumers who use fuel regularly with IndianOil. By using this card you can not only save on fuel expenses but also get other benefits. Now we will highlight some of the most important features and benefits of this card.
Key benefits of IndianOil Citi Platinum Credit Card:
- 1. Turbo Points:Fuel buys made at any IndianOil outlet with the IndianOil Citi Platinum Credit Card will confer upon you Turbo Points. Every ₹150 spent earns 4 Turbo Points which can lead to huge savings on your fuel expenses. 1 Turbo Point is worth ₹1 when redeemed for fuel at an IndianOil outlet.
2 . Fuel Surcharge Waiver:Use this card which offers you a 1% discount on fuel surcharge for all the fuels bought at Indian Oil stores to augment your total savings.
Who Should Consider This Card?
It’s a great option for those who always refuel at IndianOil pumps when it comes to savings on petrol. It’s ideal among others if you need an annual membership fee credit card that can be waived ultimately.
Standard Chartered Super Value Titanium Credit Card
For anyone looking to cut down on their daily expenses, particularly fuel, utilities, and phone bills, the Standard Chartered Super Value Titanium Credit Card is an excellent choice. The card has been designed with maximum value in mind so that it can provide cash backs and additional privileges to regular spenders.
| Credit Card | Joining Fee | Annual Fee | Fuel Benefit | Additional Benefits | Fee Waiver |
|---|
| IndianOil Citi Platinum Credit Card | ₹1,000 | ₹1,000 (waived on spending ₹30,000 annually) | Earn up to 71 liters of free fuel annually. 4 Turbo Points per ₹150 spent on fuel at IndianOil. | 2 Turbo Points on groceries and supermarkets. 1 Turbo Point on other spends. | Spend ₹30,000 annually to waive fee. |
| Standard Chartered Super Value Titanium Credit Card | ₹499 | ₹750 (waived on spending ₹60,000 annually) | 5% cashback on fuel spends. | 5% cashback on telephone and utility bills. 1 reward point per ₹150 spent on other categories. Complimentary insurance coverage. | Spend ₹60,000 annually to waive fee. |
| HDFC Bharat Cashback Credit Card | ₹500 | ₹500 (waived on spending ₹20,000 annually) | 5% cashback on fuel purchases. | 5% cashback on utility bills, mobile recharges, and bill payments. 1% fuel surcharge waiver. | Spend ₹20,000 annually to waive fee. |
| BPCL SBI Card OCTANE | ₹1,499 | ₹1,499 (waived on spending ₹2 lakh annually) | 7.25% value back on fuel purchases at BPCL outlets. | 6,000 bonus reward points on joining. 25x reward points on BPCL fuel spends. Complimentary access to domestic airport lounges. | Spend ₹2 lakh annually to waive fee. |
| ICICI Bank HPCL Super Saver Credit Card | ₹500 | ₹500 (waived on spending ₹100,000 annually) | 4% cashback on fuel purchases at HPCL stations. | 2.5% cashback on utility and grocery spends. 5% cashback on movie tickets via BookMyShow. 1% fuel surcharge waiver. | Spend ₹100,000 annually to waive fee |
Key Benefits
Cashback on Fuel: One of the most remarkable aspects of this card is that you receive 5% cashback on your fuel purchases. It applies at all fuel stations within India, facilitating savings every time you brim your petrol or diesel tank.
Cashback on Utility Bills and Phone Bills: You will also be rewarded with a 5% cashback: when paying for utility bills and mobile or landline phone plans other than fuel. Thus, such payments as electricity, water, gas and postpaid mobile service can help reduce monthly mandatory expenses.
Annual Fee Waiver: Although there is an annual fee for the card, it may be waived under certain conditions if you spend above a specified level within a year. That implies frequent usage of the card with no worry of incurring extra costs since their benefits come at no charge.
Fuel Surcharge Waiver: Besides getting cash back, you’ll also enjoy a one percent rebate on fuel surcharges with every transaction involving petroleum products thus making extra savings in total.
HDFC Bharat Cashback Credit Card
HDFC Bharat Cashback Credit Card is a commonly used credit card that people use to save on everyday expenses, especially fuel. Hence, this card offers a substantial cashback across various spending categories, making it an ideal choice for those who are always conscious about their budget. Let’s take a deeper look at HDFC Bharat Cashback Credit Card to find out if it is right for you.
Key Features
- Joining Fee: ₹500
- Annual Fee: ₹500 (waived on spending ₹20,000 annually)
- Interest Rate: 3.49% per month (41.88% annually)
- Cashback:
- 5% on fuel purchases.
- 5% on utility bill payments and mobile recharges.
- 5% on IRCTC bookings, groceries, and bill payments through SmartPay
Go for this: The HDFC Bharat Cashback Credit Card is one of those cards which are perfect for people who need a cheap card but wanted some cashback on their fuel and utility bills as well. It has a low fee structure and the cashback rewards can add up to significant savings.
ICICI Bank HPCL Super Saver Credit Card
The ICICI Bank HPCL Super Saver Credit Card is a great tool for refuelling your car at HPCL stations, if you do so frequently. This card will allow you to save 4% cash back on fuel purchased from HPCL, helping you save a lot on fuelling costs. In addition, there is a cash back of 2.5% on utility bills as well as grocery purchases, which means this card can be used for daily transactions.
Similarly, movie lovers can get relief with 5% cash back on buying movie tickets through BookMyShow, which makes saving fun! A small joining charge of just ₹500 and waiver of annual fee after ₹100,000 annual usage are the highlights of this card! It also includes a 1% fuel surcharge waiver, making filling up your tank more economical. The ICICI Bank HPCL Super Saver Credit Card is ideal for individuals who want to optimize their savings across multiple areas of spending as well as get cash back for important purchases.
In fact, whether you are buying petrol or paying bills or watching your favourite movie; this card ensures that you get maximum value from every transaction. Moreover, the lifetime money needs of family members and individuals are catered to by its comprehensive benefits and affordable pricing, leading to small savings on regular expenses that translate into big expenses over time.
Why You Should Go For This: This card is specifically designed for the ones who keep on going to HPCL stations often and take pleasure in the refund of cash on a variety of other categories. Since it gives some sort of returning cash on foodstuffs and amusement, therefore it would make a good selection for families.
BPCL SBI Card OCTANE
This card targets the buyers of fuel at BPCL (Bharat Petroleum Corporation Limited). As a result, this card stands out as one of the best fuel-savings cards since it gives you back an amazing 7.25% value of your purchases made during refuelling at various petrol stations (BPCL). More than that, it also awards 25x reward points i.e. 1point worth ₹0.25 for every ₹100 you spend on fuel with BPCL outlets. Moreover, this credit card offers new members a bonus of 6,000 points equal to a fuel type worth approximately ₹1,500.
Moreover, frequent flyers are lured by its domestic airport lounge entrance which is the other attraction to this card. To join it costs ₹1,499 plus an annual fee refundable after spending ₹2 lakh every year. It additionally gives 1% waiver on fuel surcharge for every purchase thereby increasing total savings.
In conclusion, whether going out or traveling around regularly; this credit card ensures maximum value from the fuels purchased and travel perks making it complete on saving only but with other free benefits as well.
FAQ
What is a fuel credit card?
A credit card offering cashback or rewards on fuel purchases at specific stations.
Which fuel credit card is the best in 2024?
Popular options include IndianOil Citi Platinum, BPCL SBI OCTANE, and HDFC Bharat Cashback Credit Card.
Do fuel credit cards have an annual fee?
Yes, but many offer fee waivers based on annual spending.
Can I use fuel credit cards for other purchases?
Yes, most offer rewards on non-fuel categories like groceries and utilities.
How do I maximize savings with a fuel credit card?
Use the card for fuel, pay off the balance monthly, and redeem points regularly.
What is the fuel surcharge waiver?
A waiver on the additional charges imposed by fuel stations, usually 1%-2.5%.
Do fuel credit cards work at all fuel stations?
They usually partner with specific brands like IndianOil, BPCL, or HPCL.
How do I apply for a fuel credit card?
Apply online or at a bank with your personal and financial details.
Are there travel benefits with fuel credit cards?
Some cards offer travel perks like airport lounge access or travel insurance.
Can fuel credit cards be used internationally?
Yes, but rewards on fuel may not apply outside partnered stations.