Which credit card gives the best fuel cashback in India?

HDFC Indian Oil Credit Card offers up to 5% cashback at Indian Oil outlets, making it one of the highest fuel cashback cards in India.

Do all credit cards waive fuel surcharge?

No, not all cards waive fuel surcharge. Most fuel-focused cards waive the 1% surcharge up to a monthly cap of Rs. 100-400. Check your card's terms for specific limits.

Is it worth getting a co-branded fuel card?

Yes, if you regularly fuel at a specific brand (Indian Oil, BPCL, HPCL). Co-branded cards offer 2-3% higher cashback at partner stations compared to general cards.

Best Credit Cards for Fuel in India (2026)

Best Fuel Credit Cards in India — October 2026

Fuel expenses are a significant part of monthly spending for most Indians. The right credit card can save you thousands every year at the pump. Here are our top picks, ranked by overall fuel savings.

1. HDFC Indian Oil Credit Card

Fuel Cashback: Up to 5% at Indian Oil outlets
Annual Fee: Rs. 500 (waived on Rs. 50,000 annual spend)
Best For: Regular Indian Oil customers

HDFC’s Indian Oil card offers one of the highest fuel cashback rates in the market. The 5% cashback at Indian Oil stations translates to roughly Rs. 5 saved per litre.

2. SBI BPCL Credit Card

Fuel Cashback: Up to 4.25% at BPCL pumps
Annual Fee: Rs. 499 (waived on Rs. 50,000 annual spend)
Best For: BPCL pump users

SBI BPCL card gives accelerated reward points at BPCL outlets. The effective value works out to about 4.25% back on fuel purchases.

3. ICICI HPCL Super Saver Credit Card

Fuel Cashback: Up to 4% at HPCL stations
Annual Fee: Rs. 499
Best For: HPCL customers

Solid fuel savings at HPCL pumps, plus additional cashback on groceries and bill payments.

4. Axis Bank Indian Oil Credit Card

Fuel Cashback: Up to 4% at Indian Oil stations
Annual Fee: Rs. 500
Best For: Indian Oil customers who prefer Axis Bank

Good alternative to the HDFC Indian Oil card with competitive cashback rates.

5. IndusInd Legend Credit Card

Fuel Cashback: Up to 3% at any fuel station
Annual Fee: Nil
Best For: Those who want no annual fee with decent fuel benefits

Unlike co-branded cards that lock you to one brand, IndusInd Legend works at any fuel station.

How to Choose the Best Fuel Card

When picking a fuel credit card, consider:

Which pump brand you visit most — Co-branded cards give higher cashback at specific brands
Monthly fuel spend — Some cards cap the cashback per month
Annual fee vs savings — Calculate if your fuel spend justifies the annual fee
Other benefits — Look at grocery cashback, dining offers, and lounge access as bonuses

Fuel Surcharge Waiver

Almost all credit cards charge a 1% fuel surcharge on transactions. Many cards waive this surcharge up to a monthly cap (usually Rs. 100-400). This is separate from the cashback benefit.

Rankings are based on publicly available card data from bank websites. Cashback rates may vary based on card variant and spending tier. Last updated: October 2026.