Best Fuel Credit Card: Many people commute to work or ride their bikes for daily tasks. As a result, a significant portion of their earnings goes to petrol and diesel. Consider your budget in this context. By choosing the right fuel credit card, you can benefit from reward points, cashback, or fuel surcharge waivers on your expenses. Fuel credit cards can prove particularly useful for those who drive regularly. Let us explore this in detail.
The BPCL SBI Card Octane is a standout option
The BPCL SBI Card Octane can be highly beneficial for customers who regularly purchase fuel at Bharat Petroleum pumps. This card offers both reward points and fuel surcharge waivers on fuel purchases made at BPCL pumps. Based on available information, the total benefit can reach up to 7.25%.
Benefits available at these pumps
If you frequently purchase petrol or diesel from BPCL petrol pumps, this card could prove advantageous for you. In addition to earning reward points on fuel expenses, you also get a 1% fuel surcharge waiver on eligible transactions. However, specific terms and conditions apply to these rewards and surcharge waivers.
Earn reward points on these purchases
The benefits of this card are not limited to petrol and diesel purchases alone; you can also earn reward points on spending in categories such as dining, department stores, and movies. Reportedly, you earn 10 reward points for every ₹100 spent in these categories. Such features have helped this card gain popularity among consumers.
Understanding the fuel surcharge waiver
When you purchase fuel at a petrol pump using a card, a fuel surcharge may be levied on the transaction. Certain fuel credit cards waive either a portion of this fee or the entire amount. Additionally, a 1% fuel surcharge waiver is offered on BPCL fuel transactions; however, conditions regarding transaction amounts and other terms may apply.
What is the annual fee?
The annual fee for this card is ₹1,499 plus GST. However, if the cardholder meets a specified spending threshold—specifically an annual spend of ₹2 lakh—the renewal fee can be waived. Therefore, before getting the card, it is advisable to calculate whether the card fees and rewards align with your annual spending habits to ensure it is beneficial for you.
Which credit card is best for you?
The right choice depends on your spending habits. If you spend heavily on fuel at BPCL outlets, you might consider the BPCL SBI Card Octane. Conversely, if you spend significantly on dining and food delivery, the HSBC Live+ card could be a good option. If you refuel at various fuel stations rather than sticking to a single brand, choose a card that offers fuel benefits across a wider network of fuel stations.