Which is the best credit card for fuel purchase
When it comes to credit card variants, fuel credit cards have recently witnessed a surge in attention, owing to the annual increase in fuel prices.
With the increase in fuel prices in recent times, fuel credit cards have seen increased demand.
Cardholders who want to make the most of the incentives and rewards offered by their credit cards now prefer owning credit cards that offer monthly fuel surcharge waivers.
Fuel credit cards are specifically designed to cater to the customer’s fuel requirements and ensure that they save a significant amount. This helps in cutting down on the monthly fuel expenses.
Best credit card for fuel in India
Given below are the different credit cards that provide the best offers for fuel purchases in India:
Card variant |
Joining fees |
Annual fees |
|
Platinum Choice SuperCard |
Rs. 499 + GST |
Rs. 499 + GST |
|
Platinum Choice SuperCard – First-Year-Free |
NIL |
Rs. 499 + GST |
|
Platinum Plus SuperCard |
Rs. 999 + GST |
Rs. 999 + GST |
|
World Prime SuperCard |
Rs. 2,999 + GST |
Rs. 2,999 + GST |
|
World Plus SuperCard |
Rs. 4,999 + GST |
Rs. 4,999 + GST |
|
Travel Easy SuperCard |
Rs. 999 + GST |
Rs. 999 + GST |
|
Value Plus SuperCard |
Rs. 499 + GST |
Rs. 499 + GST |
|
Platinum ShopDaily SuperCard |
Rs. 499 + GST |
Rs. 499 + GST |
If you are looking for the best fuel credit card in India, you cannot go wrong with the Bajaj Finserv RBL Bank SuperCard. This unique credit card gives you the power of four cards in one. It works like a credit card, a cash card, a loan card, and an EMI card and has an excellent reward points program to help you get the most out of your transactions.
What is a fuel credit card?
A fuel credit card, often referred to as a gas credit card, is a specialized credit card designed primarily for covering expenses related to fuel and vehicle maintenance. These cards are typically issued by specific gas stations or in partnership with major oil companies. They offer cardholders benefits like cashback rewards, discounts, or loyalty points for fuel purchases, making them a convenient way to save money while filling up at the pump. Fuel credit cards can also provide advantages such as improved tracking of fuel expenses and streamlined accounting for individuals and businesses with a fleet of vehicles.
Benefits of fuel credit cards
Fuel credit cards offer several benefits to cardholders. Below are a few:
- First and foremost, they often provide cashback rewards, discounts, or loyalty points on fuel purchases, helping individuals and businesses save money over time.
- These cards can also simplify expense tracking by consolidating all fuel-related costs into one account statement.
- For frequent travelers or long-distance commuters, some fuel credit cards offer additional perks like roadside assistance or discounts on vehicle maintenance services.
- Fuel credit cards may enhance financial flexibility by allowing users to defer payment for fuel until the credit card billing cycle ends.
This combination of savings and convenience makes fuel credit cards a valuable tool for those who rely on their vehicles regularly.
How to choose the best fuel credit card?
Selecting the best fuel credit card requires careful consideration of your specific needs and spending habits.
Evaluate |
Start by evaluating the network of gas stations affiliated with the card to ensure it aligns with your preferred or most frequented fuel providers. |
Check for rewards and cashback offers |
Look for cards offering generous rewards or cashback on fuel purchases, as well as those with additional perks like discounts on vehicle maintenance. |
Annual fees |
Consider any annual fees and interest rates, aiming for cards with low or no annual fees and competitive APRs. |
Terms and conditions |
Examine the terms and conditions, including redemption options for rewards, and choose a card that complements your financial goals and travel patterns. |
Customer reviews |
It is also wise to review customer reviews and experiences to gauge the card's reputation and reliability. |
Features of a fuel credit card
Here's a brief outlining of the key features of a fuel credit card:
Features |
Description |
Cashback rewards |
Earn cashback on fuel purchases. |
Fuel discounts |
Enjoy discounts on fuel prices at partner stations. |
Rewards points |
Accumulate points for every fuel transaction. |
Easy payments |
Convenient, hassle-free payment at the pump. |
Travel benefits |
Some cards offer travel perks and insurance. |
No annual fee |
Many fuel cards have no annual membership fee. |
Easy account management |
Easy access to manage your card online. |
Fuel credit cards offer numerous benefits, from savings on fuel costs to added conveniences and rewards, making them a valuable tool.
Factors to consider while selecting the best fuel credit card
- Acceptance: Ensure the card is widely accepted at fuel stations in your area.
- Annual fee: Choose a card with little to no annual fees to avoid unnecessary costs.
- Interest rates: Low APR is crucial if you plan to carry a balance.
- Additional benefits: Some cards offer travel perks, insurance, or extra rewards; evaluate these extras.
- Payment flexibility: Confirm convenient payment options.
- Security: Prioritise cards with robust security features.
- Credit score requirements: Ensure your credit score meets the card's eligibility criteria.
By considering these factors, you can choose a fuel credit card that aligns with your financial goals and lifestyle.
Frequently asked questions
Platinum Choice SuperCard, Platinum Plus SuperCard, World Plus SuperCard, World Prime SuperCard, Travel Easy SuperCard, and the Value Plus SuperCard are some SuperCard variants that are the best for savings on fuel purchases.
Yes, it is good to own a fuel credit card. The best credit cards for fuel in India provide a fuel surcharge waiver, increased cashback and discounts on fuel purchase, among other additional benefits. If you own a fuel credit card, you can increase your savings and reduce your overall fuel spending.
You can apply for a petrol or fuel credit card at Bajaj Finserv. You can compare the different Bajaj Finserv RBL Bank SuperCard variants to choose the card that best suits your needs. Once you have chosen a credit card, you can check your eligibility and apply online. You can conveniently own a petrol card by submitting your details and a few important documents.
Yes, you can typically pay for fuel using your credit card at most gas stations. Simply insert or swipe your card at the pump or take it inside the station to make a payment. Many credit cards also offer rewards or cashback on fuel purchases, making it a convenient way to save money while filling up.
To get a fuel card, you can usually apply for one through specific gas station chains or major oil companies. Check with your preferred fuel provider for information on their card offerings and the application process, which often involves providing personal and financial details for approval.
A petrol credit card is a specialised credit card designed for fuel purchases. You can use it like a regular credit card, either at the pump or inside the gas station, to pay for fuel. The difference lies in the benefits it provides, such as cashback, discounts, or loyalty points specifically for fuel transactions, helping you save on your vehicle expenses.
Whether you should get a fuel card depends on your driving habits and how often you use a specific gas station chain. If you frequently fill up at the same brand of gas station, a fuel card can offer substantial savings through rewards and discounts. However, if your fueling needs are more varied, a general cashback or rewards credit card may be a better choice.
Eligibility criteria for applying for a petrol credit card may vary depending on the card issuer and specific terms. Common requirements include a minimum age, a steady income source, and a good credit score. The exact criteria will be outlined in the card issuer's application guidelines, which you should review before applying.
Using a credit card for fuel purchases can offer benefits such as rewards points, cashback, and convenience. However, it is essential to consider factors like interest rates and repayment discipline to avoid accumulating debt.
Fuel credit cards may offer discounts or cashback on fuel purchases, making them potentially cheaper compared to regular credit cards. However, it is crucial to assess annual fees, interest rates, and terms to determine overall cost-effectiveness.
