Free Petrol To Cashbacks, Benefits Of Fuel Credit Cards – Here’s How to Apply
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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.
Up to 68 Litres of Free Petrol Through Indian Oil Citi Credit Card
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