The best fuel credit card is one that works for you by not only helping save on fuel costs but also with other expenses. These products are specially designed to help you maximise your savings every time you use your card to refuel your vehicles.
Whatβs more, they also offer a range of benefits that can significantly add value when shopping or completing other purchases. The key consideration you need to make when choosing a fuel credit card is to find which one suits your spending style the best.
What is a Fuel Credit Card?
Check out a brief overview of what these financial products are:
- Fuel credit cards are a type of credit card that provides a wide range of benefits on fuel purchases.
- These cards can be an ideal option if you use your vehicle for daily commute and spend a lot on fuel every month.
- Fuel credit cards offer specialised waivers, accelerated rewards, and more for spending at select fuel stations.
- The reward points earned can be used to reduce the cost of fuel in the future or redeemed for other offers.
Here, comparing different options is important, as the best fuel credit card in the market is one that suits your spending habits. Besides the benefits on fuel purchase, the card has to have low annual charges and acceptable interest rates. Most importantly, you should be able to get the card without much hassle.
Benefits of Using a Fuel Credit Card
Here are the benefits that make this financial instrument a smart addition to your wallet:
Cost Savings
- You are charged a fuel surcharge of 1-2.5% on transactions at fuel stations.
- The best fuel credit card for you would be the one that offers a waiver on this surcharge fee.
- These can be beneficial, particularly during longer trips when you take frequent halts to refuel your vehicle.
- The fuel benefits can encourage you to refuel more and earn more reward points.
Reward Points
- The best fuel credit card for you would be the one that offers bonus points whenever you refuel your vehicle.
- You can redeem these reward points in a variety of ways on the issuerβs portal.
- You may also receive discounts and cashback on fuel purchases if you refuel your vehicle from the partner fuel station with these cards.
- Hence, make sure that you get a credit card that offers benefits at a station that you prefer visiting.
You can use this credit card for travel needs as well. These points can be used to get discounts or special deals on bookings or to reduce the cost of fuel during your next visit.
Easy to Manage
- It is quite easier to use a credit card when refuelling than carrying cash.
- Moreover, it helps you avoid the hassle of carrying change, which is a big concern when you are at gas stations.
- They also allow you to track all your expenses with ease and keep tabs on fuel spends in a given month.
- Some of the best fuel credit cards allow easy account management. They offer user-friendly mobile applications to manage your expenses efficiently.
Secured Transactions
- Apart from keeping a record, fuel credit cards also keep your financial transactions secure.
- Most credit cards today are equipped with advanced security features, such as EMV chips, fraud protection, and two-factor authentication.
- These features protect your sensitive financial information from falling into the hands of fraudsters.
Complimentary Benefits
- Using a fuel credit card for travel can significantly enhance your experience on the next trip with its additional benefits.
- Some cards may offer roadside assistance, discount offers on hotel stays and travel insurance.
Top Fuel Credit Cards in India
These are some of the popular cards that offer benefits on fuel purchases in India:
Card Name | Features |
HDFC Bharat Credit Card | 5% monthly cashback on your fuel purchases1% surcharge waiver on fuel transactionsSavings of up to βΉ250 in every billing cycle on waivers on a minimum transaction value of βΉ400Joining Fees- βΉ500 and TaxesRenewal Fee- βΉ500 and Taxes |
IndianOil Citi Credit Card | Earnings of 4 turbo points on every βΉ150 you spend on fuelYou can redeem 1 turbo point for 1 worth of petrol at authorised IndianOIl outletsYou can also enjoy a 1% fuel surcharge at authorised IndianOil fuel stations |
OneCard Credit Card | You can enjoy 5X rewards on fuel expenses if they are under your top 2 categoriesGet a 100% fuel surcharge waiver on fuel purchases from any fuel station across the countryThe maximum waiver allowed every month is βΉ400You can get 1% valueback on fuel purchases from top fuel corporations |
When trying to find the best fuel credit card, evaluate its reward structure, redemption options, and mode of earning. Along with fuel benefits, also take into account benefits offered in other categories, such as groceries and travel.
If you want to enjoy fuel surcharge waivers and other benefits when you refuel, get the metal credit card. Enjoy 5X benefits on the top 2 spending categories and exciting offers on travel. This means that you earn more points on refuelling when you use this card. With its powerful application, you can track how much you spend on fuel and avoid overspending. Apply now to save more on refuelling!