Fuel Credit Card Comparison India (2026): Fees, Rewards & Surcharge
Fuel credit cards offset rising petrol and diesel costs by combining accelerated reward points with fuel surcharge waivers. Because fuel benefits are tied to specific oil marketing companies (BPCL, HPCL, or IOCL), choosing the best card depends on your preferred petrol station brand. Here is how they compare in 2026.
Key Factors to Compare in FUEL Cards
- Oil Marketing Company (OMC) Loyalty: Fuel reward multipliers only trigger at partner pumps. Match your card to the fuel station brand closest to your daily commute.
- Surcharge Waiver Limits: Standard 1% fuel surcharge waivers apply only to transactions within specific ticket sizes (typically ₹400 to ₹4,000) and are capped monthly (usually ₹100 to ₹250).
- Monthly Fuel Reward Caps: Accelerated points on fuel are strictly capped per statement cycle (usually between ₹5,000 to ₹15,000 in monthly fuel spend).
Side-by-Side Comparison Matrix
| Feature | IndianOil Axis Bank Premium Credit Card | IndianOil Axis Bank Credit Card | Indian Oil Kotak Credit Card | HPCL Bank of Baroda ENERGIE Credit Card | IDFC First Bank Power Credit Card | IDFC First Bank Power+ Credit Card | ICICI Bank HPCL Super Saver Credit Card | Standard Chartered Super Value Titanium Credit Card | IndianOil RBL Bank XTRA Credit Card |
|---|---|---|---|---|---|---|---|---|---|
| Joining & Annual Fee | Rs 1000 + GST | Rs 500 + GST | Rs 449 + GST | Rs 499 + GST | Rs 199 + GST | Rs 499 + GST | Rs 500 + GST | Rs 750 + GST | ₹1,500 + GST |
| Welcome Benefit | 500 EDGE Miles | 100% cashback up to Rs 250 | 1000 RP on Rs 500 spend | 500 Reward Points on Rs 5000 spend | Rs 250 cashback on 1st HPCL fuel transaction | Rs 500 cashback on 1st fuel transaction | 2000 Reward Points | - | 3,000 Fuel Points |
| Annual Fee Waiver | Rs 1 Lakh spend | Rs 3.5 Lakh spend | Rs 50,000 spend | Rs 50,000 spend | Rs 50,000 spend | Rs 1.5 Lakh spend | Rs 1.5 Lakh spend | Rs 90,000 spend | ₹2.75 Lakh annual spend |
| Domestic Lounge Access | 8 Access/year (Max 2/quarter) | None | None | 4 Access/year (Max 1/quarter) | None | 4 Access/year (Max 1/quarter) | 4 Access/year (Max 1/quarter) | None | None |
| Spends for Lounge | ₹50K in prev 3 months | - | - | ₹20K in prev quarter | - | ₹20K in prev month | ₹75K in prev quarter | - | - |
| Fuel Rewards | 6 EDGE Miles/Rs 150 (4%) | 20 EDGE RP/Rs 100 (4%) | 24 RP/Rs 150 (4%) | 24 RP/Rs 150 (4%) | 21 RP/Rs 150 (3.5%) + HP Pay benefits | 30 RP/Rs 150 (5%) + HP Pay benefits | 16 RP/Rs 100 (4%) | 5% cashback on fuel (issuer conditions apply) | 15 Fuel Points/₹100 (7.5%) |
| Fuel Surcharge Waiver | 1% | 1% | 1% | 1% | Not available | Not available | 1% | 1% | 1% |
| Other Rewards | 2X EDGE Miles on Grocery | 5 RP/Rs 100 on Online Purchases | 12 RP/Rs 150 (2%) on Dining | 10 RP/Rs 150 (1.7%) on Dept Stores | 15 RP/Rs 150 (2.5%) on groceries, utilities and FASTag | 30 RP/Rs 150 (5%) on groceries, utilities and FASTag | 20 RP/Rs 100 (5%) on Groceries | 5% cashback on Utility Bills | 2 Fuel Points/₹100 on other spends |
| Reward Point Value / Cashback | 1 EDGE Mile = ₹ 1 | 1 RP = ₹0.20 | 1 RP = ₹0.25 | 1 RP = ₹0.25 | 1 RP = ₹0.25 | 1 RP = ₹0.25 | 1 RP = ₹0.25 | 4-5% Cashback (Category-based) | 1 Fuel Point = ₹0.50 |
| Notes | 4% fuel rewards limited to ₹15K monthly spend; unlimited surcharge waiver on ₹400-₹4000 transactions | 1000 EDGE points monthly cap on 4% fuel rewards (₹5K spend); ₹50/month surcharge waiver limit | 300 points monthly cap on fuel rewards (~₹1250 spend); ₹100/cycle surcharge waiver limit | 1000 points monthly cap on 4% fuel rewards (~₹6250 spend); ₹100/month surcharge waiver limit | Up to 5% fuel savings combines 3.5% card rewards with HP Pay benefits. Grocery, utility and IDFC FIRST FASTag rewards are capped by statement cycle. This card does not include a fuel surcharge waiver. | Up to 6.5% fuel savings combines 5% card rewards with HP Pay benefits. Grocery, utility and IDFC FIRST FASTag rewards are capped by statement cycle. This card does not include a fuel surcharge waiver. | ₹200/month cap on 4% fuel cashback; separate ₹100/month surcharge waiver limit | Monthly cashback limits apply by category (fuel/utilities/phone). Fuel surcharge waiver is limited by transaction conditions and issuer-defined caps. | Fuel and non-fuel reward caps apply monthly; annual fee waiver available on ₹2.75L yearly spend. |
Frequently Asked Questions
- Which is the highest-rewarding fuel credit card in India?
- The IndianOil Axis Bank Premium and IDFC FIRST Power+ offer industry-leading value back (up to 5% to 7%) on partner fuel stations including surcharge waivers.
- Does the fuel surcharge waiver apply at all fuel stations?
- Surcharge waivers apply across all pumps, but the accelerated reward points (3% to 7%) only accumulate at the co-branded oil partner pumps.
- Can fuel credit card reward points be redeemed for free fuel?
- Yes. Reward points earned on co-branded fuel cards can be redeemed directly at partner fuel stations for free fuel via POS machine swipe or digital brand apps.