✅ Handpicked by FindMyCard · Updated October 2026

Top 5 Credit Cards for Fuel Savings

Between reward points and the fuel surcharge waiver, the right card can meaningfully cut your fuel bill. Here are the 5 with the strongest combined value-back.

1 🏆 Top Pick

IndianOil RBL Bank XTRA Credit Card

4.1/5
RBL Bank
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💡 Up to 8.5% total fuel savings, the highest combined value-back on this list, worth up to 250 litres of free fuel a year for regular IndianOil customers.
IndianOil RBL Bank XTRA Credit Card by RBL Bank
Joining Fee ₹1,500 + Taxes
Annual Fee ₹1,500 + Taxes
Best Suited For High Monthly Fuel & Petrol Expenditures via IndianOil Outlets
Rewards Type Reward Points

Rewards Rate

Up to 8.5% total fuel savings profile at IndianOil outlets

Welcome Benefits

Up to 3,000 fuel points reward points milestone on onboarding actions within 30 days

Card Details +

Key Advantages

  • ✓ Strong combined fuel savings from reward points plus surcharge waivers
  • ✓ 2X points on groceries and dining
  • ✓ An achievable annual spend target to waive the fee entirely

Limitations

  • ✕ Best fuel savings only apply at IndianOil outlets
  • ✕ No airport lounge access
Full Card Review →
2

BPCL SBI Card Octane

4.0/5
SBI Card
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💡 Up to 7.25% total value-back at BPCL pumps, combining accelerated reward points with the standard fuel surcharge waiver.
BPCL SBI Card Octane by SBI Card
Joining Fee ₹1,499* Plus Applicable Taxes
Annual Fee ₹1,499* Plus Applicable Taxes
Best Suited For High-Volume Commuters and Fuel Spends at BPCL Outlets
Rewards Type Reward Points

Rewards Rate

25X reward points (25 points per ₹100 spent) on BPCL fuel purchases (equivalent to up to 7.25% value back); 10X reward points on groceries, departmental stores, movie tickets, and dining spends

Welcome Benefits

N/A

Card Details +

Key Advantages

  • ✓ Up to 7.25% value back on BPCL fuel purchases
  • ✓ 10X points on groceries, department stores, dining and movies
  • ✓ Domestic airport lounge access included
  • ✓ Points redeem directly for BPCL fuel

Limitations

  • ✕ Fuel surcharge waiver protections are constrained by a strict monthly ceiling cap of ₹100
  • ✕ Low absolute baseline reward cash conversion valuation parity floor (4 points = ₹1)
  • ✕ Slightly lower fuel value-back than some competing fuel cards, like IndianOil RBL XTRA
Full Card Review →
3

HDFC IndianOil Credit Card

4.2/5
HDFC Bank
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💡 5% Fuel Points at IndianOil outlets, groceries and bill payments, a solid everyday fuel-and-grocery combination.
HDFC IndianOil Credit Card by HDFC Bank
Joining Fee ₹500 + Taxes
Annual Fee ₹500 + Taxes
Best Suited For Fuel & Monthly Utility Spends at IndianOil
Rewards Type Reward Points

Rewards Rate

5% Fuel Points at IndianOil outlets, groceries, and bill payments

Welcome Benefits

500 Fuel Points upon payment of joining fee

Card Details +

Key Advantages

  • ✓ Earn up to 50 Liters of free fuel annually via Fuel Points
  • ✓ 5% Fuel Points at IndianOil outlets, groceries, and utility bills
  • ✓ 1% fuel surcharge waiver across IOCL outlets
  • ✓ Achievable annual fee waiver on ₹50,000 retail spends

Limitations

  • ✕ Fuel Points capped at 250 points/month for fuel spends
  • ✕ Reward rate drops on general retail spends outside IOCL network
  • ✕ Fuel points value maximized primarily at IOCL pumps
Full Card Review →
4

ICICI Bank HPCL Super Saver Credit Card

4.0/5
ICICI Bank
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💡 Up to 5% combined value-back at HPCL stations via the HP Pay app, plus domestic lounge access, a rare extra at this fee level.
ICICI Bank HPCL Super Saver Credit Card by ICICI Bank
Joining Fee Joining/Annual Fee: ₹500 + Taxes
Annual Fee Joining/Annual Fee: ₹500 + Taxes
Best Suited For Fuel Spends at HPCL Outlets via HP Pay and Daily Household Utility/Grocery Bills
Rewards Type Reward Points

Rewards Rate

4% savings (via 24 reward points per ₹100 spent) on fuel purchases at HPCL pumps when paid via the HP Pay App; 2.5% savings (via 15 reward points per ₹100 spent) on groceries, departmental stores, and utility bill payments; 2 reward points per ₹100 spent on all other retail transactions

Welcome Benefits

2,000 ICICI Bank Reward Points + ₹100 cashback in the HP Pay wallet upon card activation and meeting onboarding payment terms

Card Details +

Key Advantages

  • ✓ Up to 5% combined value back on HPCL fuel purchases (rewards plus surcharge waiver)
  • ✓ 2.5% back on groceries, utilities and department stores
  • ✓ Welcome bonus offsets the joining fee
  • ✓ Fee waived on ₹1.5 lakh in annual spend
  • ✓ Includes complimentary domestic airport lounge access

Limitations

  • ✕ The top 4% fuel rate only applies to payments made through the HP Pay app
  • ✕ Monthly statement cycle capping limits are tightly enforced across both fuel and lifestyle reward categories
  • ✕ Excludes traditional premium lifestyle rewards like international lounge access or movie milestone gift codes
Full Card Review →
5

IndianOil Axis Bank Premium Credit Card

4.0/5
Axis Bank
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💡 Fuel-focused rewards paired with lounge access, a solid pick if you want more than just a pure fuel card.
IndianOil Axis Bank Premium Credit Card by Axis Bank
Joining Fee ₹1,000 + Taxes
Annual Fee ₹1,000 + Taxes
Best Suited For Fuel Spends at IndianOil and Moderate Point-to-Mile Redemptions
Rewards Type Reward Points

Rewards Rate

6 EDGE Miles per ₹150 spent on fuel transactions at authorized IndianOil outlets; 1 EDGE Mile per ₹150 spent on regular purchase streams

Welcome Benefits

N/A

Card Details +

Key Advantages

  • ✓ 1:1 redemption ratio when used for IndianOil fuel purchases
  • ✓ Points transfer to 15+ airline and hotel partners at a 2:1 ratio
  • ✓ Up to 30% discount on Zomato
  • ✓ Fee waived on ₹1 lakh in annual spend

Limitations

  • ✕ Core daily utilities, insurance payments, rental charges, and digital wallet top-ups are entirely excluded from reward point generation
  • ✕ Requires at least 500-510 accumulated EDGE Miles before you can redeem
  • ✕ No renewal or annual welcome gift milestones
Full Card Review →

5 Best Credit Cards for Fuel Savings at a Glance

5 Best Credit Cards for Fuel Savings Comparison Table
Card Fee Rating
1. IndianOil RBL Bank XTRA Credit Card ₹1,500 + Taxes ★ 4.1 View →
2. BPCL SBI Card Octane ₹1,499* Plus Applicable Taxes ★ 4.0 View →
3. HDFC IndianOil Credit Card ₹500 + Taxes ★ 4.2 View →
4. ICICI Bank HPCL Super Saver Credit Card Joining/Annual Fee: ₹500 + Taxes ★ 4.0 View →
5. IndianOil Axis Bank Premium Credit Card ₹1,000 + Taxes ★ 4.0 View →

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