Now in this digital era, Credit Cards have become a convenient way for users to make online payments. This not help helps to build a good credit score but it also provides a sense of freedom and to manage your finance wisely. And if you are someone who travels a lot via your own vehicle then you must be looking for “Which Credit Card is best for Fuel” since credit cards bring a lot more benefits to the table when it comes to fuel like rewards and cashback.
What is Fuel Credit Card?
A fuel Credit card is being offered by different banks to customers with the motive of maximum benefits for fuel purchasing. These cards are the ones that benefit users who constantly buy fuel for various purposes and who are willing to lower their expenditures. And other than this fuel credit card enables users to use it for several other benefits in regard to lifestyle.
7 Best Fuel Credit Cards in 2023
Fuel prices are constantly fluctuating across the country, but do you know you can ease your finance your fuel burden by making payments via credit cards? In this article, we have provided a list of the 7 best Fuel Credit Cards in 2023.
- IndianOil Citi Platinum Credit Card– Two major brands of the Country Indian Oil and Citi Bank joined hands together to provide this platinum credit card. You will earn four turbo points or TP for every INR 150 spent on purchasing fuel at any IndianOil Outlet. Moreover, you can easily get a maximum of 267 points on a single transaction.
The additional benefits that you avail from this Credit Card.
- You will get 2 TP spent on grocery purchases
- Special dining discounts
- Travel discounts
- 2 TP on every spent of INR 150 on other purchases.
- Redeem TP for the gift vouchers.
Card and Annual Charges: INR 1000 + Taxes Annual fees, but this would get waived off if you spend more than 30,000 in a year, the APR of only 39% or 3.25 per month.
- IndianOil HDFC Credit Card– Not only just CitiBank, but HDFC also collaborated with IndianOil as well. You can earn more “Fuel Points” for INR 150 spent at IndianOil Outlet. Besides that, you can earn up to 250 points in the initial six months and up to 150 points up to six months.
Here are some additional benefits of the IndianOil HDFC Credit Card.
- Get one FP for every INR 150 spent on all the credit card bill payments and groceries.
- No Interest charges initially for 50 days.
- No annual fees if you have registered with smart pay within 90 days.
- Instant registration for PayZapp on the first transaction of INR 500 within 90 days.
Card and Annual Charges- INR 500+ Annual Charges, but this could be waived off if you spend 20,000 within the first 90 days, from the next year it would be waived off if you spend more than INR 50,000 in a year. APR of 41.88% or this could be 3.49% per month.
- HDFC Moneyback Credit Card– If you are a customer of IndianOil outlets. HDFC MoneyBack Credit Card provides you with two reward points (RP) for every INR 150 spent at any gas station.
Here one RP is equal to 0.20 INR worth of fuel. However, you require a minimum of 500 points to redeem and these expire in two years from the date of accumulation. Here are additional benefits that you can avail of this credit card.
- Get a bonus of 500 RP on signing up.
- Earn Upto 2 RP for every 150 INR spent on other purchases
- Redeem RP for cashback
- Earn extra points on online purchases
- Spend 50,000 and get a free voucher worth INR 500.
Annual and Card Charges- 500 INR + Taxes, but this can be waived off if you spend more than INR 50,000 in a year. APR 41.88% or 3.49% per month.
- HDFC bank Business Moneyback Credit Card– As compared to the previous one, the business version offers more benefits and rewards on higher purchases, you can get four points for Every 150 INR spent on fuel at the outlet.
Here one is RP equals to 0.20 worth of fuel, and additionally, here you can avail of the following benefits.
- No Interest Charges for the initial 50 days
- Additional Bonus 2,000 RP on spending 1.8Lakh in a year.
- 4 RP for every spent 150 INR on online purchases, hotel reservations, and restaurants.
- ICICI Bank HPCL Coral Credit Card– The ICICI Bank HPCL Credit Card is a collaborated card from ICICI Bank and HP fuel stations. Here you can both cashback and payback points on your purchases. Cashbacks of 2.5% are applicable at every HP outlet. And you can get five additional five payback points for every INR spent. You can redeem 2,000 payback points for free fuel worth 500. And moreover, you can enjoy the following benefits:
- 15% savings on dining outlets
- Discounts on booking tickets from BookMyShow
- No interest in the initial 48 days
- Complimentary access to airport lounges
- Standard Chartered Super Value Titanium Credit Card– Another easy way to save a good amount of money on your fuel expenses is by owning Standard Chartered Value Titanium Credit Card. This is the best answer to your question “Which Credit Card is best for Fuel” You can earn both cashback and points from your purchases. For fuel purchases, you can enjoy 5% cash back or one point for every INR 150 spent.
One-point equals 1 INR Worth of fuel, moreover, you get a 2.5% surcharge waived if you buy from Indian Outlets. You can leverage the following benefits
- 5% cashback on utility bills
- 5% cashback on bill payments
- 5X points if you spend overseas
Card and Annual Charges: INR 750 + taxes and annual fees which are waived if you spend more than INR 90,000. APR of 41.88% or 3.49% per month.
- Kotak Royale Signature Credit Card– Kotak Royale Signature Credit Card is considered the best credit card for fuel consumption. It offers 4X points on every INR 150 spent on purchases. You can get a 1% fuel surcharge on a minimum transaction fee of 500. Here are additional benefits that you can avail of from this card.
- Two BookMyShow vouchers for the first transaction
- Free Lounge access at airports across the country.
- Bonus 10,000 points on spending INR 4 lakhs in a year
- Bonus 30,000 points on spending INR 8 lakhs in a year
- Saving on tickets via IRCTC.
Card and Annual Charges- INR 999 + Taxes and annual fees which get waived for the first year. It is also waived off in subsequent years if you spend more than 1 lakh. APR of 37.2%or 3.1 per month.
Who are eligible for Fuel Credit Card?
The eligibility criteria for Fuel Credit Card varies from bank to bank. However, some of the common norms that candidates need to fulfill are:
Need to have a good credit score
Need to fulfill the minimum age and income bracket as prescribed by the bank
- How Do Credit Card Companies Make Money or Earn?
- Reasons Why Credit Card is Declined
- How Credit Card Limit is Decided?
Conclusion
To summarize, the list of credit cards provided above will help to save your hard-earned money on your fuel expenses. And you must have got the know Which Credit Card is best for fuel? But make sure you have read the terms and conditions thoroughly before applying.
