Best Fuel Credit Cards in India
Fuel surcharges can eat into your savings when refueling. Co-branded fuel credit cards from Indian Oil, HPCL, and BPCL offer accelerated reward points (up to 4.2% value-back) and a 1% surcharge waiver on refuels. Select the card that aligns with your preferred fuel station network to save on daily commutes.
Top Credit Cards Comparison Table
| Credit Card | Joining Fee | Annual Fee | Key Reward Rate | Action |
|---|---|---|---|---|
| Axis Bank IndianOil | Rs. 500 | Rs. 500 | Fuel value-back at eligible IndianOil outlets; check caps and exclusions. | Compare Apply |
| SBI Card BPCL Octane | Rs. 1,499 | Rs. 1,499 | Accelerated rewards at eligible BPCL outlets; statement caps apply. | Compare Apply |
| IDFC FIRST Bank Power | Rs. 199-499 | Rs. 199-499 | Fuel and grocery value-back as per IDFC FIRST Power terms. | Compare Apply |
| IDFC FIRST Bank Power Plus | Rs. 499 | Rs. 499 | Higher savings on eligible fuel spends; caps and station rules apply. | Compare Apply |
| RBL Bank Indian Oil XTRA | See issuer page | See issuer page | Fuel points and value-back on eligible IndianOil transactions. | Compare Apply |
| SBI Card BPCL | Rs. 499 | Rs. 499 | Accelerated rewards at eligible BPCL outlets. | Compare Apply |
| HDFC Bank IndianOil | See card link | See card link | Fuel rewards on eligible IndianOil transactions. | Compare Apply |
| RBL Bank IndianOil | See card link | See card link | Rewards on eligible IndianOil fuel transactions. | Compare Apply |
Detailed Card Reviews
Axis Bank IndianOil
Fuel-focused card for IndianOil customers who want value-back and surcharge waiver.
- IndianOil fuel rewards
- Fuel surcharge waiver
- UPI-ready variants
SBI Card BPCL Octane
Fuel specialist card for BPCL users who want accelerated fuel rewards.
- BPCL rewards
- Fuel surcharge waiver
- Bharatgas value
IDFC FIRST Bank Power
Fuel card with UPI readiness, welcome value, and fuel savings for road users.
- Fuel savings
- UPI-ready
- Grocery rewards
IDFC FIRST Bank Power Plus
Enhanced fuel card with richer value-back and airport lounge benefits.
- Higher fuel savings
- UPI-ready
- Airport lounge
RBL Bank Indian Oil XTRA
Fuel rewards card for IndianOil users looking for value-back and surcharge waiver.
- Fuel points
- IndianOil benefits
- Fuel waiver
SBI Card BPCL
Fuel card for BPCL customers who want rewards and surcharge waiver on fuel spends.
- BPCL rewards
- Fuel waiver
- Reward points
HDFC Bank IndianOil
HDFC fuel card for IndianOil customers who want fuel points and surcharge waiver.
- IndianOil rewards
- Fuel waiver
- Reward points
RBL Bank IndianOil
Fuel-focused RBL card for IndianOil customers who want value-back and surcharge waiver.
- IndianOil benefits
- Fuel rewards
- Fuel waiver
How to Maximize Fuel Value-Back
To get the advertised 4% to 5% value-back on fuel, you must refuel at authorized franchise pumps of the co-branded partner bank (e.g., refuel at IndianOil pumps with the SBI IndianOil card). Transactions outside the network generally earn baseline reward rates.
Fuel Surcharge Waivers Explained
Most credit cards offer a 1% fuel surcharge waiver for transactions between Rs. 400 and Rs. 4,000. Ensure you check the monthly cap on the waived surcharge, which is typically capped between Rs. 100 and Rs. 250 per statement cycle.
Frequently Asked Questions
Which fuel card is best for HPCL pumps?
The ICICI HPCL Super Saver or IDFC FIRST Power Card offers excellent value-back rates at HPCL stations.
Can I earn rewards on fuel with a normal card?
Most general rewards and cashback cards explicitly exclude fuel transactions from earning points. A dedicated fuel card is required to save on fuel.