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)!
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.
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!