How Do Fuel Credit Cards Work?

 

Since the fuel prices keep fluctuating and most of the time they mainly go up, it gives almost everyone a headache and anxiety. Therefore, to save people from a headache there are fuel credit cards, designed specially in collaboration with petroleum corporations to help people save a little money on their fuel expenses. But don’t think that fuel credit cards only provide benefits related to fuel. In this article, we’ll discuss the benefits of owning a fuel credit card and the best fuel credit cards available in India.


Advantages of having a fuel credit card:


Cashback/ Reward Points

Like common credit cards, fuel credit cards also provide normal regular life benefits like cashback or reward points on everyday transactions and additional cashback, or bonus reward points on reaching a spending milestone.


Surcharge waiver:

When you make a fuel transaction using your card there is a charge that is imposed at the end of the transaction known as the surcharge. Fuel credit cards usually provide benefits like a surcharge waiver which lets you save some little extra money.


Dining benefits:

Some savings on meals at particular participating establishments are included in the dining privileges. Fuel credit cards offer incredible discounts at participating restaurants as part of their dining privileges.


Best fuel credit cards:


IndianOil Citi Credit Card:

One of the top fuel credit cards is the IndianOil Citi Credit Card, it is a premium category credit card. The benefits of this card are as follows:

Joining perks contain 250 turbo points for your first purchase made within thirty days of receiving your card.

Annual fee (Rs. 1,000) waived if the spending exceeds Rs. 7,500 in the initial 60 days of card issuance.


IndianOil Axis Bank Credit Card:

It wouldn’t be fair to discuss the finest fuel credit cards without mentioning the IndianOil Axis Bank Credit Card. This card is intended for people seeking a credit card that has rewards for petrol/fuel purchases.

The Introductory Bonus comprises 100% cashback on fuel purchases made within the initial thirty days of card activation (maximum up to Rs. 250).

Entertainment benefits include 10% off all cinema ticket purchases made via the BookMyShow mobile application or website.


BPCL SBI Credit Card:

Another credit card that made it to the best fuel credit cards list is the BPCL SBI Credit Card. Apart from fuel benefits which include 4.25% cashback on fuel transactions made at BPCL gas stations this card offers:

This card is accepted at more than 24 million locations worldwide.

Up to Rs. 100 in a month, surcharges are waived at all BPCL gas stations in the nation.


ICICI Bank HPCL Platinum Credit Card:

This credit card has a low joining fee of Rs. 199 and is a sleek card created to assist users in earning rewards whenever users spend money on fuel.

At least 15% off on selected diners throughout India.

1% surcharge waiver at all HPCL gas stations. 


BOTTOM LINE:

Fuel credit cards mainly offer fuel benefits, like surcharge waiver, cashback, etc but not only this, depending on the kind of card, it also offers dining benefits, worldwide acceptance, welcome benefits and more. 

Additional Reading: Pros And Cons Of Cashback Credit Cards


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