Which is the best credit card for fuel purchase

2 min read

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 2024

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

Apply Now

Platinum Choice SuperCard – First-Year-Free

NIL

Rs. 499 + GST

Apply Now

Platinum Plus SuperCard

Rs. 999 + GST

Rs. 999 + GST

Apply Now

World Prime SuperCard

Rs. 2,999 + GST

Rs. 2,999 + GST

Apply Now

World Plus SuperCard

Rs. 4,999 + GST

Rs. 4,999 + GST

Apply Now

Travel Easy SuperCard

Rs. 999 + GST

Rs. 999 + GST

Apply Now

Value Plus SuperCard

Rs. 499 + GST

Rs. 499 + GST

Apply Now

Platinum ShopDaily SuperCard

Rs. 499 + GST

Rs. 499 + GST

Apply Now

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.

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Frequently asked questions

Which credit card is best for savings on fuel?

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.

Is a fuel credit card worth it?

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.

How can I buy a petrol card?

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.

Can I pay for fuel using my credit card?

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.

How can I get a fuel card?

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.

What is a petrol credit card and how can I use it?

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.

Should I get a fuel card?

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.

Is there an eligibility criteria to apply for a petrol credit card?

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.

Is it better to purchase fuel using a credit card?

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.

Are fuel credit cards cheaper?

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.

Which credit card offers the best rewards for fuel purchases?

The Bajaj Finser RBL Bank credit card is a great choice for fuel purchases, offering a fuel surcharge waiver of up to Rs. 1,200 every year. Some variants, like the Bajaj Finserv Platinum TravelEasy SuperCard, also offer generous cashback on fuel purchases and transport.

Are there any credit cards with specific benefits for fuel expenses?

Indeed, the Bajaj Finserv RBL Bank Credit Card is tailored with fuel-specific benefits in mind, providing fuel surcharge waivers at stations across India. Some card variants also offer cashback on fuel purchases.

How can I maximize rewards when using a credit card for fuel purchases?

By consistently using your Bajaj Finserv RBL Bank Credit Card you can accumulate reward points that can be redeemed against future fuel purchases. You could also maximise your benefits by using your card to avail of fuel surcharge waivers and cashback on fuel purchases.

Do fuel credit cards offer discounts or cashback on fuel expenses?

Absolutely. Bajaj Finserv RBL Bank credit card variants offer monthly fuel surcharge waivers at any station in the country as well as cashback on fuel expenditures.

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Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Frequently asked questions

Which credit card offers the highest cashback or rewards on fuel purchases?

Credit cards like the Bajaj Finserv RBL Bank SuperCards often provide high cashback or reward points on fuel purchases. Specific offerings and cashback percentages may vary, so it's important to review the terms and conditions of each card.

Are there any additional benefits associated with credit cards designed for fuel expenses?

Yes, credit cards designed for fuel expenses often come with additional benefits such as fuel surcharge waivers, reward points on other categories like groceries and dining, and exclusive access to discounts and offers at partnering fuel stations.

How can I compare different credit cards to find the best one for fuel savings?

To compare different credit cards for fuel savings, consider factors such as cashback rates, reward points, fuel surcharge waivers, and additional perks. Review the annual fees and interest rates. Utilize comparison tools and read reviews to make an informed decision.