#FinancialBytes: 5 best credit cards for fuel purchases in India
What's the story
Fuel expenses are a constant struggle and with the rising fuel prices, many are now looking for ways to save on fuel purchases. There are many credit cards nowadays that can help customers save on their fuel bills by offering surcharge waivers, reward points, or cashback on fuel transactions. Here are 5 best credit cards for fuel purchases in India.
#1
HDFC Bharat CashBack Credit Card
HDFC Bharat Cashback Credit Card is one of the best credit card options for fuel purchases. It comes with an annual fee of Rs. 500. While it does not provide any reward points on transactions, the cardholders can enjoy 5% cashback benefits on fuel payments (capped at Rs. 150 per month) and 1% fuel surcharge waiver at any fuel station across the country.
#2
ICICI Bank HPCL Coral American Express Credit Card
ICICI Bank HPCL Coral American Express Credit Card is one of the affordable fuel credit card options in India. The card comes with an annual fee of Rs. 199. Cardholders can earn 3X or 6 PAYBACK points for every Rs. 100 spent on fuel at HPCL stations. They can enjoy 2.5% cashback and avail 1% fuel surcharge waiver on fuel purchases at HPCL pumps.
#3
State Bank's BPCL SBI Credit Card
BPCL SBI Credit Card is another good fuel credit card for saving on fuel purchases and earning reward points on transactions at BPCL fuel outlets. The card comes with a joining fee of Rs. 499 and an annual renewal fee of Rs. 499. Cardholders can earn 13X reward points on fuel transactions and get 1% fuel surcharge waiver on purchases at BPCL pumps.
#4
Standard Chartered Super Value Titanium Credit Card
Standard Chartered Super Value Titanium Credit Card is also a good option for fuel purchases. It comes with a Rs. 499 joining fee and Rs. 750 annual fee (from the second year). Customers can use the card at any fuel station in India and get 5% cashback up to Rs. 200 per month and also earn 1 reward point for every Rs. 150 spent.
#5
Standard Chartered Platinum Rewards card is another good option
Though it is not a fuel credit card, Standard Chartered Platinum Rewards Credit Card is another good option for earning rewards on fuel purchases. There is no joining or annual fee. Cardholders can earn 5X points for every Rs. 150 spent on fuel apart from dining/hotels (1 point for other transactions). The accumulated points can be redeemed against vouchers, products, and other services.