Petrol, diesel prices: Nine credit cards to help reduce fuel bill
The cardholder can earn 5% of the total spend as fuel points at any of the Indian Oil fuel stations
Fuel Credit cards have been launched to bring down the expenditure on fuel as petrol and diesel prices have crossed above the 100 rupee mark in many states that has started to pinch the pockets of the ordinary consumer.
The credit card minimizes the expenditure a bit through fuel surcharge waiver and free fuel offers. Some credit cards also gives customers the freedom to buy fuel from any refilling station of any company.
Top 9 fuel cards
Money9 brings you the top 9 fuel cards in the market.
BPCL SBI credit card
This credit card provides customers with a 4.25% money back which is equivalent to 13X reward points on vehicle refill at BPCL petrol pumps. The 4.25% money back also includes the 1% fuel surcharge waiver you can get for every transaction up to INR 4,000. Annual fee of the card is Rs 499 plus GST.
Stan-Chat titanium credit card
Applicants who have a stable monthly income of Rs 55,000 or above can avail this card. The annual fees of the card is Rs 50 and the same will be waived off if the annual spends reaches Rs 90,000 in a year.
Cardholders can earn 5% cash back on fuel spends across any of the fuel stations in the country of up to Rs 200 per month, the maximum cash back is Rs 100 per transaction. The total cash back can go up to Rs 6,000 per month.
Citibank Indian Oil credit card
Users can earn up to 70 liters of free fuel annually from any of the Indian Oil fuel stations located across the country. The minimum income of the holder should be above Rs 25,000 per month.
Also, one can 4 turbo points that are equivalent to Rs 4 on spending Rs 150 using the credit card. The earned points can be redeemed instantly through SMS for free fuel at Indian Oil outlets. Get 1% fuel surcharge reversal on fuel purchases at any of the authorized Indian Oil outlets in India.
HDFC Indian Oil credit card
HDFC Bank provides the credit card holder to earn up to 50 liters of free fuel annually. The joining fees and renewal membership fee of this credit card is Rs 500 and GST charges.
The cardholder can earn 5% of the total spend as fuel points at any of the Indian Oil fuel stations. A maximum of 250 fuel points (1 point = Rs 1) can be earned per month for the first 6 months and 150 fuel points after 6 months from the date of issue of credit card. Get 1% fuel surcharge waiver at all the fuel stations in the country, on a minimum transaction should be Rs 400.
HDFC Bharat cash back card
A flat 5% cash back on every fuel bill payment is given to the user of this card. Additionally, 5% cash back is also rewarded for IRCTC or any types of bill payment. An individual can earn additional cash back of 5% on Easy EMI/Smart Buy/Payzapp using HDFC platform.
ICICI HPCL credit card
The customer can earn 2.5% cash back and savings of 1% fuel surcharge on every purchase of fuel at any of the HPCL fuel stations across the country. The minimum transaction value should be equal to or above Rs 500.
It also gives a payback of 2000 points on purchase of fuel worth Rs 500. The joining fee for ICICI HPCL Coral Credit Card is Rs 199 plus GST. There will be no annual fees for the first year.
Indian Oil Axis Bank credit card
100% cash back of up to Rs 250 on the fuel purchases done within 30 days of the card issuance can be availed and it is applicable only once. Individuals can also enjoy a 4% value back on every fuel transaction after that.
Earn 20 reward points equivalent to Rs 10 on spending every Rs 100 at Indian Oil outlets. This card gives you a discount of 1% on the fuel surcharge.
Bank of Baroda Prime Credit Card
A customer can enjoy a fuel surcharge discount of 1% across all the refilling stations including IOC, HPCL or BPCL. Additionally, a fuel surcharge discount of up to Rs 250 per statement cycle can be earned which means that you can save around Rs 3,000 in a year on fuel expenses.
This credit card is issued against FDs and, therefore, no annual or renewal fee is charged on this credit card. The fuel surcharge discount of 1% can save some extra bucks from your fuel expenses.
HDFC Diners Club
This premium credit card from nation’s largest private lender gives you maximum cashback of Rs 1,200 per month, i.e. Rs 14,400 for a calendar year.
Customer can get 1% fuel surcharge waiver at all fuel stations across India, on a minimum transaction of Rs 400. Customer can earn 5 reward points, which is equivalent to Rs 5 for every Rs 150 retail spends.