Free Petrol To Cashbacks, Benefits Of Fuel Credit Cards - Here's How to Apply - Job Careers
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Free Petrol To Cashbacks, Benefits Of Fuel Credit Cards – Here’s How to Apply

With fuel costs running high, it pays to maximize your rewards at the pump. Fuel Credit cards are specially designed to save money every time you refill your vehicle with fuel.
With petrol and diesel prices on the rise, a fuel credit card can help cut down on the expenses that go into buying gas. Cashback is one of the attractive and rewarding offers provided on fuel credit cards. In the time of rising petrol and diesel prices, having one fuel credit card with a cashback feature is a saviour. The key to choosing a fuel rewards credit card is knowing how each type works and which one rewards your petrol-diesel spending style the most.
According to reports, fuel credit cards can offer fuel worth Rs 100 at just Rs 92.75 per litre. So, let’s look at some of the deals and offers that are given by various fuel credit cards.

 

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7.25% Cashback Through BPCL SBI Card OCTANE

According to the information given on the website of the State Bank of India (SBI), the BPCL SBI Card OCTANE will give a 7.25 per cent cashback (including a 1 per cent surcharge waiver) on fuel and lubricants spent at BPCL petrol pump stations. Apart from that, the users will also get the benefit of 6.25 per cent cashback on Bharat Gas.

The Indian Oil Citi Credit Card has been specially made for fuel purchases. Reportedly, by paying through the Indian Oil Citi Credit Card, users can get 68 litres of free petrol and diesel in a year. Apart from that, the users also get reward points (Turbo Points) that never expire. You get 4 Turbo Points for every Rs 150 spent at Indian Oil Pumps. By redeeming these points, users can get up to 68 litres of free petrol in a year.

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50 Litres of Free Petrol in a Year with Indian Oil HDFC Bank Credit Card

By using the Indian Oil HDFC Bank Credit Card, customers can earn reward points called ‘Fuel Points’ at IOCL outlets. If the users use the card to refuel their vehicles, they get 5 per cent fuel points on every expenditure. They can redeem these points and get 50 litres of free petrol in a year.

4% Value Back from Indian Oil Axis Bank Credit Card

Axis Bank has also launched a fuel credit card to benefit its customers. Through the Indian Oil Axis Bank Credit Card, users can get 20 reward points (4 per cent value back) on every Rs 100 spent at Indian Oil petrol pumps.

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FAQ

What is a Fuel Credit Card?

A Fuel Credit card is being offered by banks to customers in a bid to provide them with maximum benefits while purchasing fuel. Having this card enables those who constantly buy fuel for various purposes to lower their expenditure on fuel. Apart from that, it enables the users of Fuel Credit cards to use it for other benefits with regard to lifestyle.

How to Apply for a Fuel Credit Card?

An individual can apply for a Fuel Credit card by visiting the nearest branch of the bank from which he/she wants to avail of the card or apply online. The applicant needs to fill out the application form and provide the documents asked for to get himself/herself the Fuel Credit card and cut down on fuel expenses.

Who Are Eligible to Apply for a Fuel Credit Card?

The eligibility to apply for a fuel credit card seems to vary from bank to bank. However, some of the common eligibility norms that an applicant needs to fulfil are:

  • Need to have a good credit score.
  • Need to fulfil the minimum age and income bracket as prescribed by the bank.

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 regard 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

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