To save on your daily fuel expenses, you can opt for a dedicated fuel credit card. Many credit cards waive fuel surcharges. This article mentions the best credit cards for fuel that SBI banks offer to their customers to help them make substantial savings on fuel charges. These cards usually have an annual charge that ranges between zero and Rs 1,000. The interest rates charged on these cards usually vary between 3.25% per month and 3.40% per month. Here are the best credit cards for fuel in India that offer extra benefits like cashback, co-branded benefits, and reward points.
What is a Fuel Credit Card?
Banks offer fuel credit cards to their customers to provide savings and benefits on fuel expenses. Typically, fuel credit cards are co-branded with national oil giants like Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited. Most of the fuel cards in India operate on reward points, where you can earn reward points every time you refill your vehicle. Later you can redeem these reward point
How to Choose the Best Fuel Credit Card?
| Credit card payment pattern | When choosing the best fuel credit card, the most important thing is to identify the pattern of payment. The individual must look for a card that offers fuel benefits as well as best interest rates. |
| Fuel spending pattern | The individual needs analyze his/her expenses and decide on the monthly budget that would be spent on fuel. This is quite important as availing a fuel credit card without analyzing this would not serve the purpose. |
| Fees and charges | Considering the fees and charges associated with the fuel credit card that one intends to get also needs to be assessed prior to availing the card. If this is not done, the benefits and discounts that come with fuel credit cards may be negated by virtue of paying high fees and charges that are associated with the card. |
| Check the redemption process of the card | It is better to check the redemption process of the fuel credit card. It is better to get those cards which offer instant redemption of points. |
Benefits of Fuel Credit Cards
With many banks and financial institutions offering credit cards, the benefits that come with Fuel Credit cards differ. Apart from lowering the expenses with regards to purchasing fuel, some other benefits that come with Fuel Credit cards are as follows:
- Get Reward Points
- Redemption of points earned
- Eligible for Cashback
- Eligible for Surcharge Waiver
- Dining offers
- BookMyShow Offer
- Eligible for Turbo Points
- Waiver of Annual Fees
- Can make utility bill payments
- Eligible for Telecom benefits
- Concierge Service
Top 10 SBI Fuel and travel credit cards
BPCL SBI Card OCTANE
IRCTC SBI Card Premier
IRCTC SBI Card (on the RuPay platform)
Club Vistara SBI Card PRIME
Club Vistara SBI Card
Etihad Guest SBI Premier Card
Etihad Guest SBI Card
BPCL SBI Card
Yatra SBI Card
Air India SBI Signature Card
Air India SBI Platinum Card
Delhi Metro SBI Card
IRCTC SBI Platinum Card