Fuel Credit Card

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What are Fuel Credit Card?

Credit cards with a fuel-related subject are typically co-branded with merchants like Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd, and Hindustan Petroleum Corporation Ltd. These cards are ideal for those who use their cars a lot for commuting since they may help them save a lot on gasoline costs. These cards give particular benefits for refuelling automobiles at the partner stations or fuel pumps. The majority of gasoline cards in India operate on a rewards basis, allowing users to accrue points each time they fill and subsequently use those points to obtain a set amount of petrol for free.

Fuel Credit Card of different banks

Name of Credit Card Joining Fees Rate of Interest
IndianOil Axis Bank Credit Card Card
  • Nil
49.36% p.a.
SBI BPCL Credit Card

  • ₹ 499
42.00% p.a.
ICICI Bank HPCL Coral Credit Card
  • ₹ 199
40.80% p.a.
IndianOil HDFC Bank Credit Card
  • ₹ 500 + Applicable Taxes
43.20% p.a.
YES First Preferred Credit Card
  • ₹ 999
43.20% p.a.
IndianOil Citi Credit Card
  • ₹ 1000 + GST
45.00% p.a.

Benefits of Fuel Credit Card

Here are some benefits offered by Fuel credit card.

Cashback: :
At petrol stations all around the nation, customers who spend a specific minimum amount get a particular payback. The user's bank account is immediately credited with the sum.

Reward Points:
The ability to accrue reward points is another crucial advantage of gasoline credit cards. When making purchases from various shops or online, they may use these reward points.

Bill Payments:
When using a fuel credit card, users may use the vouchers and reward points they earn to pay their power, phone, and water bills.

Surcharge Waiver:
Additionally, some banks provide the benefit of fee reductions at specific partner locations. Even a slight reduction in the surcharge—which makes up a considerable amount of the gasoline price—can result in significant long-term savings.

Discounts at Partner Restaurants:
Numerous fuel credit card companies provide generous discounts at affiliated eateries. As a result, those who use the card have the chance to save money.

Annual Charge Waiver:
The owner of a fuel credit card receives a benefit of an annual fee waiver if transactions totaling a particular amount are made. Also possible is an increase in the card's transactional limit by the banking institution.

Eligibility of Fuel Credit Card

The requirements to qualify for a particular travel credit card might change from one issuer and card to another. The following are the base requirements established by several financial institutions.

  • The applicant must be a citizen of India.
  • Must have a regular income or be self-employed
  • Need to be creditworthy to qualify.
  • Each applicant must be at least 21 years old and no older than 60 or 65.

Documents for Fuel Credit Card

  • PAN Card
  • Aadhar Card
  • Passport Size Photo
  • Pay slips or income tax returns

F.A.Q

  • The main benefits offered by Fuel credit cards:

    • Cashback
    • Reward Points
    • Bill payments
    • Discount at partner restaurants
    • Annual charge waiver

  • The eligibility criteria for Fuel Credit Cards:

    • The applicant must be a citizen of India.
    • Must have a regular income or be self-employed
    • Need to be creditworthy to qualify.
    • Each applicant must be at least 21 years old and no older than 60 or 65.

  • Yes, fuel credit cards have joining fees depends on the card type.

  • The rewards points differs from card to card, which card you are using.