January 3, 2019

Fuel Credit Cards

Fuel credit cards are those credit cards which provide a certain amount of waiver on fuel purchase on partnered fuel companies. These credit cards are best suitable for those who travel on a daily basis or those who provide transport services to others. As the price of fuel is continuously increasing day by day so it directly affects the budget of consumer. To reduce the effect of fuel on the budget fuel credit cards are designed . There are several fuel credit cards available in the market which offers several benefits including discount, cashback and fuel surcharge waiver.

Some of the best fuel credit cards offered by banks are –

ICICI BANK HPCL CORAL AMERICAN EXPRESS CREDIT CARD

Key features

  • It provides either reward points equivalent to 3X or 6 PAYBACK points on every purchase of fuel of minimum Rs 100 at HPCL petrol pumps. When these points reach 2000 then it can be redeemed with a fuel worth Rs 500.
  • It offers an additional 2.5% cashback and 1% fuel surcharge waiver on minimum fuel purchase of Rs 500 at any HPCL petrol pumps.
  • Apart from fuel related benefits there are other benefits too. Rs 100 discount is given on maximum purchase of 2 movie tickets booked every month through BookmyShow. 
  • Minimum 15% discount is available for partner restaurants
  • Complimentary access to selected airport lounges in India

Fees and charges

  • Annual fees – Rs 199+ GST
  • Fee will be refunded if an amount of 50000/- is spent annually on the card

ICICI Bank HPCL Credit Card

Key features

  • It provides a cashback of 2.5% upto a maximum of Rs 100 on purchase of fuel at HPCL petrol pumps across the country
  • It offers an additional 1% fuel surcharge waiver at HPCL pumps
  • It also provides reward points equivalent to 2 PAYBACK points on every retail purchase of minimum Rs 100 except fuel. When these points reach 2000 then it can be redeemed with a fuel worth Rs 500.
  • Apart from fuel related benefits there are other benefits too. Rs 100 discount is given on purchase of movie tickets twice every month through bookmyshow.com
  • Minimum 15% discount is available for partner restaurants

Fees and charges

  • Annual fees – Rs 199+ GST
  • Fee will be refunded if an amount of 50000/- is spent annually on the card

Indian Oil Citi Titanium Credit Card

Key features

  • It provides reward points equivalent to 4 TURBO points on every purchase of fuel of either Rs 150 or 2.67% of amount of fuel at any IndianOil outlets across the country
  • It offers an additional 1% fuel surcharge waiver at petrol pumps. 1 TURBO point is equivalent to Re 1 worth of fuel
  • These TURBO points can be redeemed across all the IndianOil retail outlets
  • Apart from fuel related benefits there are other benefits too. It provides 2 TURBO points on minimum purchase of Rs 150 of products from grocery shop or supermarkets
  • 1 TURBO point is earned for every Rs 150 spent on shopping ,dining etc.
  • Minimum 15% discount is available for partner restaurants

Fees and charges

  • Annual fees – Rs 1000+ GST
  • Fee will be refunded if an amount of 30,000/- or more is spent annually on the card

Platinum Plus Credit Card

Key Features

  • It provides 2 reward points on spending Rs 150
  • 50% extra reward points will be earned on spending an amount of Rs 50000 quaterly
  • 1% fuel surcharge waiver will be provided in place of 2.5% which was provided earlier
  • Maximum 3 additional cards can be offered to spouse, children(above 18 years of age), parents or siblings
  • Atleast 4 transactions are required to be done through credit card for getting the benefit of free accidental death insurance of maximum 50 lakhs
  • Also one more benefit of free fire and burglary protection will be provided for goods above the value of Rs 5000 for 180 days

BPCL SBI Card

Key features

  • On payment of issuance fees of credit card, get 2000 welcome bonus reward points worth Rs 500
  • Get either a cashback equivalent to 4.25% or 13X reward points on the purchase of fuel at any BPCL petrol pumps across the country
  • It offers an additional 3.25% and 1% fuel surcharge waiver upto Rs 4000 on purchase of fuel
  • Apart from fuel related benefits there are other benefits too. 5X reward points will be earned on every Rs 100 spent on the purchase of movie tickets, doing shopping, purchasing at departmental store ,utility bill payments etc.
  • 1 reward point will be earned on spending atleast Rs 100 at non fuel retail outlets.

Fees and charges

  • Joining fee – Rs 499
  • Annual fees from the 2nd year onwards – Rs 499(Will be refunded if an amount of 50,000/- or more is spent annually on the card in the previous year)

Federal Bank SBI Visa Gold N More Credit Card

Key features

  • It provides 1 reward points on spending Rs 100( 1 point is equivalent to Rs 0.25)
  • Waiver of fuel surcharge is applicable on purchase of fuel of the range between Rs 500 and Rs 3000. Upto an amount of Rs 100 is waived off quarterly.

Fees and charges

  • Joining fee – Rs 499
  • Annual fee- Rs 499

Federal Bank SBI Visa Platinum Credit Card

Key features

  • It provides maximum credit limit of Rs 5,00,000
  • It offers 2 reward points on spending every Rs100
  • 5X reward points can be earned at dining, departmental or international spends
  • 500 reward points can be earned using this card for shopping of atleast Rs 1000 in one transaction within a month
  • Waiver of fuel surcharge is applicable on purchase of fuel of the range between Rs 500 and Rs 4000. Upto an amount of Rs 250 is waived off quarterly.
  • Complementary access to international airport lounges, golf course, free air tickets and gift vouchers will be provided on spending Rs 4-5 lakhs

Fees and charges

  • Joining fee – Rs 2999
  • Annual fee – Rs 2999

Karnataka Bank Simply Save SBI Card

Key features

  • It provides 1 reward point on spending every Rs 100 on products other than fuel, insurance, utility and cash transaction. ( 1 point is equivalent to Rs 0.25)
  • 10X reward points can be earned by spending Rs 100 on purchase of movie tickets, in restaurants, grocery store and departmental store
  • Within 60 days from purchase of card, 2000 reward points can be earned on spending Rs 2000
  • 2 additional cards can be provided at no extra fees
  • Waiver of fuel surcharge of 1% is applicable on minimum purchase of fuel of Rs 4000 at any petrol pumps across the country

Fees and charges

  • Annual fees: ₹499/- Plus GST
  • Annual fees from the 2nd year onwards – Rs 500(Will be refunded if an amount of 90,000/- or more is spent annually on the card in the previous year)