In a fuel-driven nation like India, where the average household allocates a significant portion of its budget to keep the tanks full, finding the right credit card can be a game-changer. With fuel prices ever on the rise, owning the Best Credit Card for Fuel isn’t just a luxury; it’s a necessity. Statistics show that fuel expenses are a substantial part of an average Indian’s monthly spending. To help you navigate this financial landscape, we’ve compiled a list of the top 10 credit cards for fuel in India for 2023. Time to explore it all and get some handy tips on How to Apply for a Fuel Credit Card to maximise your benefits.
Fuel Your Savings: Top 10 Credit Cards for Fuel in India 2023
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ICICI Bank HPCL Coral American Express Credit Card
One of the Best Credit Cards for Fuel that brings you substantial savings at HPCL pumps, with an annual fee of Rs 199 + GST (2nd year onwards). Fuel up and enjoy the benefits with this remarkable credit card from ICICI Bank:
● Earn 6 ICICI Bank Rewards Points per Rs 100 spent on fuel at HPCL: This card is tailored for fuel enthusiasts. With this feature, you earn rewards for your regular fuel expenses, and the more you fuel up, the more rewards you accumulate.
● Redeem 2,000 ICICI Bank Rewards Points for fuel worth Rs 500: This redemption option provides an excellent way to offset your fuel expenses, essentially giving you a discount every time you fill up your tank.
● 2.5% cashback and zero surcharge on fuel purchases at HPCL: Bid farewell to those pesky extra charges. This card offers you cashback on fuel purchases at HPCL pumps and eliminates the surcharge, making it even more cost-effective.
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ICICI Bank HPCL Coral Visa/Mastercard Credit Cards
Versatile fuel credit card offering rewards and savings, with an annual fee of Rs 199 + GST (2nd year onwards). If you’re looking for a versatile fuel credit card, ICICI Bank has you covered:
● Earn 2 ICICI Bank Rewards on every Rs 100 spent on retail purchases except fuel: While you earn fewer reward points on fuel purchases, this card offers rewards on various other retail expenses, making it a comprehensive choice for your everyday spending.
● Redeem 2,000 ICICI Bank Rewards for fuel worth Rs 500: Efficiently use your reward points to reduce your fuel expenses, adding value to each fill-up.
● Avail 2.5% cashback and savings of 1% on fuel surcharge at HPCL pumps: This card not only offers rewards but also provides cashback and surcharge savings, enhancing your overall benefits.
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ICICI Bank HPCL Super Saver Credit Card
An all-in-one card that not only helps you save on fuel but also offers benefits on other expenses, with an annual fee of Rs 500 + GST (2nd year onwards, waived on spending Rs 1.5 lakh or more in the previous year). Reduce your fuel, utility, and grocery bills with this all-in-one credit card. Here’s what it offers:
● Get 2,000 ICICI Rewards points as a joining benefit upon activation and fee payment, along with Rs 100 cashback on the HP Pay App: You start earning rewards right from the moment you activate the card. The joining benefit and cashback provide instant value.
● Enjoy 24*7 complimentary Roadside Assistance (RSA) services: Travel with peace of mind, knowing that you have assistance whenever you need it, offering convenience and security during your journeys.
● Earn 5% back (in reward points) on utility, grocery, and departmental store purchases: This card extends rewards beyond fuel, allowing you to accumulate points faster on a wide range of essential expenses.
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HDFC Bank Bharat CashBack Card
A card designed for cashback enthusiasts, with a Rs 500 + GST annual fee (waived on spending Rs 20,000 or more in a year). Some of its top offers include:
● 5% cashback on fuel purchases: A straightforward way to save on fuel expenses.
● Zero annual fees: You can enjoy these benefits without the burden of annual fees.
● Minimum cashback threshold of Rs 150 per month: Ensures you earn cashback regularly
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SBI SimplyCLICK Credit Card
An online shopping and fuel credit card with an annual fee of Rs 499 + GST. Some of its best offers are as follows:
● Earn 1 reward point for every Rs 100 spent on fuel: While primarily an online shopping card, it still rewards you for fuel purchases.
● Additional rewards on online shopping: Extra perks for your online spending.
● Milestone rewards on reaching specific spending thresholds: Unlock more benefits as you spend.
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Standard Chartered Super Value Titanium Credit Card
A cashback card that extends its benefits to fuel and utilities, with a Rs 750 + GST annual fee (waived on spending Rs 60,000 or more in the previous year). The notable offers of this credit card are:
● 5% cashback on fuel at all fuel stations: Enjoy cashback on fuel across various fuel stations.
● Additional cashback on utility bill payments: Extend your savings to utility expenses.
● Cashback available on transactions above Rs 750: Ensures you earn cashback on substantial transactions.
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Citibank IndianOil Credit Card
A card that rewards you with free fuel at IndianOil outlets, with an annual fee of Rs 1,000 + GST (waived on spending Rs 30,000 or more in the previous year). The striking offers that accompany this credit card are as follows:
● Up to 71 litres of free fuel annually at IndianOil outlets: A substantial benefit for regular IndianOil customers.
● Additional rewards on groceries and dining: Earn rewards on other essential expenses.
● Savings on fuel even outside IndianOil outlets: Enjoy fuel savings regardless of the fuel station.
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Axis Bank My Zone Credit Card
A card that offers substantial cashback on fuel and dining, with a Rs 500 + GST annual fee. It’s highly beneficial offers are.
● 25% cashback on fuel spends (up to Rs 100 per month): A substantial cashback offer on your monthly fuel expenses.
● Extra cashback on dining and movie bookings: Extends benefits to dining and entertainment.
● Discounts on dining at partner restaurants: Additional savings on dining out.
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RBL Platinum Maxima Credit Card
A card that generously rewards spending on fuel with a Rs 2,000 + GST annual fee. The RBL Fuel Card bestows a myriad of offers:
● Earn 2 reward points for every Rs 100 spent on fuel: This card rewards spending on fuel generously.
● Additional reward points on dining and entertainment: Get rewarded for other lifestyle expenses.
● Annual fee waived on reaching a certain spending threshold: Offers additional savings if you meet the spending requirement.
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Kotak Delight Platinum Credit Card
A card tailored for dining and entertainment enthusiasts and those who spend on fuel with an annual fee of Rs 299 + GST. What this card offers is mentioned in detail here:
● 10% cashback on dining and movies (up to Rs 600 per billing cycle): Ideal for those who frequently dine out or enjoy movies.
● 4 free PVR tickets per annum: An excellent perk for movie enthusiasts.
● Provides relief on fuel surcharge: Fuel surcharge waiver on transactions of Rs 400 to Rs 4,000
How to Apply for These Fuel Credit Cards
If you’re wondering How to Apply for a Credit Card ideal for spending on fuel, well it is a fairly straightforward process. Follow these steps to get your hands on one of these money-saving cards:
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Research: First, explore the features, benefits, and terms of each card on our list. Consider your spending habits and priorities to select the card that suits you best.
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Check Eligibility: Visit the respective bank’s website or branch to check your eligibility for the chosen card. Most banks provide an eligibility checker tool online.
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Prepare Documents: Gather the necessary documents, including proof of identity, address, income, and recent passport-size photographs. Be sure to meet the bank’s income requirements.
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Online Application: Many banks offer the convenience of applying online through their websites. Fill out the application form accurately and submit it along with the required documents.
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Verification: The bank will verify your application and documents. They may contact you for additional information or clarification.
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Approval: Once your application is approved, the bank will issue your new credit card, which will be delivered to your registered address.
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Activate Your Card: Follow the activation instructions provided with the card, usually via SMS or a dedicated phone number.
Remember that each bank may have specific application procedures, so it’s essential to check their websites or contact their customer service for the most up-to-date information. Enjoy the benefits of your fuel credit card and start saving on your fuel expenses today!
Conclusion
As fuel prices continue to rise, having a credit card tailored to your fuel needs can provide significant relief. These credit cards help you save on fuel costs and offer additional rewards and benefits. Remember to choose the one that aligns best with your spending habits and enjoy the journey of fuel savings in 2023. The Best Credit Card for Fuel will enable you to be on the road to smarter spending and more savings at the pump.
