Top Credit Cards to Save on Fuel in 2022

By Ruth Singh | February 23, 2022

They say, whatever goes up, must come down. Well, if the price of fuel was a person, he would beg to differ. But fret not – the right fuel Credit Card can save the day (and some money)!

Credit Cards That Can Actually Save You Money

Did You Know: Venezuela is the leading country in terms of oil reserves and has the cheapest price for fuel – just $0.02 per litre!

Want to up and leave for Venezuela? Don’t! We can make it all better right here, promise. How? Fuel Credit Cards. In recent times, having a fuel Credit Card has gained massive popularity owing to its huge savings on fuel transactions through cashbacks, free fuel, accelerated reward points, etc. along with other benefits. Experts say that “Fuel cards may prove beneficial for those who travel a lot in their own vehicles – the more fuel they buy, the more rewards & cashbacks they get. It means that fuel cards can actually work in their favour and save some money for them!”

Intrigued? We’ll help take you from ‘intrigued’ to ‘convinced’ in a flash, with the top Credit Cards of 2022! You can see what works best for you, giving you the much-needed savings to stay afloat in an inflationary world where every paisa counts.

IndianOil Citi Credit Card

FREE fuel, FREE fuel! The IndianOil Citi Credit Card is the fastest way to earn FREE petrol and diesel with Turbo Points (pssst…the points don’t expire!)

Reward Point Breakup

Category Spend Value Turbo Points
Petrol/diesel at IOC outlets Rs. 150 4
Groceries/supermarkets Rs. 150 2
Other spends Rs. 150 1

1 Turbo Point equals Re. 1 worth of fuel

How does it work? Exchange the Turbo Points and earn FREE fuel every year. Points can also be redeemed against holidays, air miles, cashback and more.

What else?

  • Complete waiver of the 1% fuel surcharge at authorised IndianOil outlets
  • Get instant loans against your Credit Card without a long tedious process
  • Earn 250 Turbo Points on the first spend on your card (use within 30 days of card issuance)
  • Spend at least Rs. 30,000 on your card yearly and get the annual fee of Rs. 1,000 waived!
  • Enjoy dining privileges and save up to 20% on your bills at over 2,000 restaurants across India
  • Easy payment options – convert any spend above Rs. 2,500 to easy EMIs
  • Pre-qualified customers applying via BankBazaar can enjoy an accelerated application process without submission of income proof

Need to know more? There really is so much more: Click Here

BPCL SBI Credit Card: Launched by SBI Card and Bharat Petroleum Corporation Ltd (BPCL), this Credit Card offers a wide range of rewards and benefits on groceries, departmental stores, dining, and entertainment!

Reward Point Breakup

Category Spend Value Reward Points
BPCL petrol outlets Rs. 500 – Rs. 3,000 13x
Groceries & department stores Rs. 100 5x
Movies & dining Rs. 100 5x
Other non-fuel retail purchases Rs. 100 1
For standing instructions of utility bill payments Rs. 100 5x

4 Points equals Re. 1

  • Surcharge waiver of up to Rs.100 per month at BPCL petrol pumps anywhere in the country!
  • Great savings for 4-wheelers with the 4.25% valueback offer on BPCL petrol purchases (i.e. 3.25% + 1% fuel surcharge waiver on fuel transactions between Rs. 500 to Rs. 3,000)

What else?

  • Joining Perk: Get 2,000 points worth Rs. 500 on joining!
  • Annual fuel savings of 70 litres (Note that fuel prices are subject to change)
  • Your card can be used internationally at over 24 million outlets
  • Add-on cards available for family members
  • Transactions above Rs. 2,500 can be converted into easy EMI with FlexiPay
  • Balance-transfer available from other Credit Cards
  • Pre-qualified customers applying via BankBazaar can avail a 100% contactless online application process without submission of income proof

See if you’re eligible? Click Here

SimplySAVE SBI Card: Get a 1% waiver on fuel surcharge when you spend between Rs.500 and Rs. 3,000 at any petrol station in India!

Reward Point Breakup

Category Spend Value Reward Points
Dining, movies, grocery & department stores Rs. 100 10
Others Rs. 100 1

Bonus reward points within 60 days of card set-up

What else?

  • Joining Perk: 2,000 bonus reward points when you spend Rs. 2000 or more within the first 60 days of card issuance
  • Annual fee of Rs. 499 will be reversed from the second year onwards if your annual spend in the previous year is over Rs. 1 lakh
  • Pre-qualified customers applying via BankBazaar can avail a 100% contactless online application process without submission of income proof

How to apply for the SimplySAVE SBI Card online? Click Here

Standard Chartered Platinum Rewards Credit Card: This card comes with the contactless feature for more secure transactions. Enjoy a range of discounts and offers on shopping, travel, and more on using your SC Platinum Rewards Credit Card!

Reward Point Breakup

Category Spend Value Reward Points
Hotels, restaurants & fuel Rs. 150 5
Others Rs. 150 1

What else?

  • 100% cashback up to Rs.500 at restaurants within the first 90 days
  • Convert your entire outstanding amount into EMIs without any processing fee charged!
  • Renewal fee will be waived off on spends greater than Rs. 60,000 in the previous year
  • You can pay through digital payment channels such as BharatQR, Samsung Pay, Bharat Bill Payment, etc. with this card
  • Pre-qualified customers applying via BankBazaar can avail a 100% contactless online application process without submission of income proof

SCB Platinum Rewards Credit Card FAQs? Click Here

IndusInd Bank Platinum Credit Card: Fill up that tank with the fuel surcharge waiver facility! The 1% surcharge waiver is applicable on all the fuel transactions worth between Rs. 400 and Rs. 4,000! This card also offers countless travel and lifestyle benefits and a comprehensive rewards programme.

Reward Point Breakup

Category Spend Value Reward Points
All category spends Rs. 150 1.5

Accrued reward points can be redeemed for gift vouchers from Indus Moments, Airline Miles and Cash Credit

What else?

  • No joining fee. No annual fee. It’s lifetime FREE
  • The Buy 1, Get 1 offer – Bookmyshow offers free movie tickets for IBL Platinum cardholders
  • Get EazyDiner vouchers as a welcome gift
  • Avail comprehensive insurance benefits on lost baggage, delayed baggage, lost passport and more!
  • Cardholders will get personal air accident cover worth Rs. 25 lakh completely FREE with the card
  • Pre-approved customers applying via BankBazaar can avail a 100% contactless online application process without submission of income proof

Want to see more highlights? Click Here

YES Bank FinBooster Credit Card: 1% fuel-surcharge waiver (applicable on transactions between Rs. 400 – Rs. 5,000) across all fuel stations in India! Apprehensive about the interest? Get an Interest-free period for up to 50 days! Woo-hoo!

Reward Point Breakup

Category Spend Value Reward Points
Online dining Rs. 200 10
Online grocery & online apparel Rs. 200 6
Other retail spends Rs. 200 2

No cap on number of reward points and no expiration date

What else?

  • FREE subscription to CreditStrong account– Get access to a real-time dashboard to track spends & monitor credit score
  • No joining fee. No annual fee. It’s lifetime FREE
  • Get exclusive reward points sharing with your family & friends
  • Reward points can be adjusted against your credit card balance
  • Accidental death cover (primary cardholder): Rs. 2.5 lakh
  • Pre-approved customers applying via BankBazaar can avail a 100% contactless online application process without submission of income proof

Everything rewards! To see your benefits – Click Here

We also have other hacks to save your money this year! Check it out to save, save, save all year round!

Now, to sum things up – some noteworthy facts to support this whole article!

  • Fuel Credit Cards jumped 10x in 2021 spend trends
  • Fuel cards were found to have increased security and was seen to be a safer alternative to carrying cash
  • They are said to contribute to tighter control of expenses
  • It has also gained recognition for being a quick and convenient way to pay for fuel

There you have it – it’s not a leap of faith, if you have a fool-proof plan with these Credit Cards rooting for you!

 

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

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