Discover India’s best fuel credit cards for 2024 with cashback, rewards, and surcharge waivers. Save on fuel expenses with top cards from IndianOil, BPCL, and HDFC.
Introduction
In 2024, fuel credit cards are essential for offsetting high fuel prices, with cashback offers, fuel rewards, and surcharge waivers designed for Indian drivers. Discover the top fuel credit cards in India that maximize fuel savings and compare their unique perks to make an informed decision.
Why Choose a Fuel Credit Card?
Fuel credit cards in India offer savings on fuel purchases with benefits like cashback, reward points, and surcharge waivers. These features make fuel credit cards perfect for frequent drivers or those looking to cut fuel costs. Here’s a look at the best options for 2024.
Best Fuel Credit Cards in India for 2024
- BPCL SBI Card Octane
- Partner: Bharat Petroleum (BPCL)
- Key Benefits: 7.25% value back on BPCL fuel spends; includes a 1% fuel surcharge waiver.
- Annual Fee: ₹1,499
- Ideal For: BPCL-loyal customers with high fuel spends.
- Drawbacks: Higher annual fee; limited to BPCL.
- HDFC Bharat Cashback Credit Card
- Partner: All fuel stations
- Key Benefits: 5% cashback on fuel, groceries, and utilities.
- Annual Fee: ₹500
- Drawbacks: Monthly cashback capped at ₹150 for fuel.
- Standard Chartered Super Value Titanium Credit Card
- Partner: Any station
- Key Benefits: 5% cashback on fuel with up to ₹200 monthly surcharge waiver.
- Annual Fee: ₹750
- Drawbacks: Cashback cap and annual fee.
- Axis Bank IndianOil Credit Card
- Partner: IndianOil
- Key Benefits: Up to 4% back in reward points on fuel; 1% fuel surcharge waiver.
- Annual Fee: ₹500
- Drawbacks: Limited to IndianOil.
Fuel surcharges (typically 1-3% of a transaction) add to fuel costs when using credit cards. Many fuel cards offer a fuel surcharge waiver, offsetting this cost.
For example:
- BPCL SBI Card Octane: Waives up to ₹100 monthly.
- Axis Bank IndianOil Credit Card: Provides a 1% surcharge waiver.
By selecting a credit card with a fuel surcharge waiver, you can maximize savings on fuel expenses.
Comparison Table: Best Fuel Credit Cards in India
| Credit Card | Partner | Value Back/Reward Rate | Fuel Surcharge Waiver | Annual Fee |
| BPCL SBI Card Octane | BPCL | 7.25% (6.25% reward points + 1% waiver) | Up to ₹100/month | ₹1,499 |
| HDFC Bharat Cashback | Any station | 5% cashback on fuel and everyday expenses | 1% | ₹500 |
| SC Super Value Titanium | Any station | 5% cashback on fuel and utilities | Up to ₹200/month | ₹750 |
| Axis Bank IndianOil | IndianOil | Up to 4% reward points on fuel (variable) | 1% | ₹500 |
How to Maximize Your Fuel Savings
- Evaluate Fee Waivers: Some cards reduce annual fees after meeting spending thresholds.
- Use Fuel Tracking Apps: Monitor your savings.
- Annual Fees vs. Rewards: Cards with higher fees, like the BPCL SBI Card Octane, offer high rewards but may only be worthwhile if fuel spends justify it.
Conclusion
Selecting the right fuel credit card helps manage fuel expenses with cashback, rewards, and surcharge waivers. Whether you prefer BPCL or need versatility, these top 2024 options offer a range of benefits to suit various needs. Compare the options and start saving on fuel today!
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