Best Credit Card For Fuel Purchases In India

Hey there!

Are skyrocketing fuel prices burning a hole in your pocket?

Are you keeping aside a big stash of your monthly income for fuel expenses?

If your answer is yes, then we assume that you are here to find a solution. Let's begin the discussion then.

The solution lies in the credit cards that provide a waiver on fuel surcharge or let you use your rewards to pay for fuel expenses. Here, mymoneykarma has prepared a comprehensive list of the best credit cards that can help you in saving money:

ICICI HPCL Coral Credit Card (Visa)

Joining fee: Rs.199 + GST

Reward points: Two payback points on every Rs.100 spent (on retail purchases except fuel)

Reward points value: 2000 payback points = Rs. 500 spent on fuel

Exclusive benefits 

• Get 2.5% cashback (on minimum fuel transaction of Rs. 500) 

• Savings of 1% fuel surcharge on making purchases at HPCL pumps.

• Enjoy Rs.100 discount on up to two movie tickets per month at www.bookmyshow.com

• Minimum 15% savings on dining at over 800 restaurants.

ICICI Bank HPCL Coral Credit Card (Master)

Joining fee: Rs.199 + GST

Renewal fee: Rs.199 + GST

Reward points: Six payback points on every Rs.100 spent (all retail purchases except fuel)

Reward points value: 2000 payback points = Rs. 500 spent on fuel

Exclusive benefits of this card

• Get 2.5% cashback (on minimum fuel transaction of ?500)

• Savings of 1% fuel surcharge on making purchases at HPCL pumps.

• Get Rs. 100 off on Zomato for orders of Rs. 250/- and above - Use this code while paying through your ICICI credit card: ZOMATO101

• This offer is valid up to 5 times per user

Kotak Mahindra Delight Platinum Card

Joining fee: Rs. 2000 + GST

Renewal fee: Rs. 299 + GST

Reward points: You get rewards in the form of cashback

Exclusive benefits

• Get 10% cashback on dining and movies after spending an amount of Rs.10,000 monthly on other categories.

• Enjoy a 1% fuel surcharge waiver across all petrol pumps in India. 

• If your credit card is stolen, you get an insurance cover of Rs.1,25,000 against fraudulent usage for up to seven days of pre-reporting. 

• VisapayWave facility for one transaction of up to Rs. 2000 without entering a PIN.

Kotak Mahindra Solaris Platinum Credit Card

Joining fee: Rs. 500 + GST

Renewal fee: Rs.500 + GST

Reward points (RP): Earn up to 5X RP on every Rs.150 spent (online purchases) 

Earn 2X RP for every Rs.150 on other retail spends.

Exclusive benefits

• Fuel surcharge waived for transactions between Rs. 400 and Rs. 3500 

• Enjoy the railway surcharge waiver for bookings on IRCTC.

Bajaj Finserv RBL Bank Value Plus Supercard

Joining fee: Rs. 499 + GST

Renewal fee: Rs. 499 + GST

Welcome bonus: Gift vouchers redeemable on Flipkart, Shoppers Stop, MakeMyTrip, etc.

Exclusive benefits of this card

• 10% cashback on Ola/Uber/Fuel Purchases (up to Rs. 250 per month) 

• Get a fuel surcharge waiver up to Rs.100 per month. 

• The approximate value of benefits per annum: Rs. 6200+

To Sum Up

These cards aren't exclusively for fuel purchases; instead, they have other benefits too, as mentioned above. Hence, you can save money on your fuel expenses through these cards along with making other retail purchases.

If this makes sense to you, then apply for a new credit card right away - but don't forget to check your credit score before you do so. Happy Credit!