Petrol Fuel expenses are a significant part of daily life for many, and leveraging the right credit card can lead to substantial savings. In India, several banks offer co-branded fuel credit cards that provide benefits tailored to fuel purchases and other everyday expenses. Let’s delve into the features and advantages of three prominent options: the HDFC Petrol Indian Oil Credit Card, the SBI BPCL Credit Card, and the ICICI HPCL Credit Card.
⛽ HDFC Indian Oil Credit Card: Fueling Savings with Every Fill
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Key Features:
- Fuel Points Accrual: Earn 5% Fuel Points on fuel purchases at IndianOil outlets, groceries, and bill payments.
- Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver on transactions above ₹400, Petrol capped at ₹250 per statement cycle.
- Renewal Fee Waiver: Spend ₹50,000 in the first year to avail a waiver on the renewal fee.
- Contactless Payments: Enjoy secure and swift transactions with contactless payment technology.
- Additional Benefits: Access to the IndianOil Petrol Petrol XTRAREWARDS™ program, revolving credit options, and zero liability on lost cards.
🛢️ SBI BPCL Credit Card: Maximizing Rewards at BPCL Stations
The SBI BPCL Credit Card caters to regular BPCL customers, offering enhanced rewards and savings on fuel purchases.
Key Features:
- Fuel Rewards: Earn 13 Reward Points per ₹100 spent on fuel at BPCL petrol pumps, capped at 1,300 points per month.Petrol
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions up to ₹4,000, capped at ₹100 per month.
- Bonus Points: Receive 2,000 bonus Reward Points (worth ₹500) upon payment of the joining fee.
- Everyday Rewards: Earn 5 Reward Points per ₹100 spent on groceries, departmental stores, dining, and movies, capped at 5,000 points per month.
- Flexible Redemption: Redeem accumulated points instantly at over 1,200 BPCL outlets with no minimum threshold.
🛢️ ICICI HPCL Credit Cards: Tailored Options for Diverse Needs
ICICI Bank offers two HPCL co-branded credit cards to suit different spending patterns: the HPCL Super Saver Credit Card and the HPCL Coral Credit Card.
HPCL Super Saver Credit Card
Key Features:
- Fuel Cashback: Earn 5% cashback on fuel purchases at HPCL pumps and an additional 1.5% cashback on transactions via the HP Pay app.
- Everyday Rewards: Receive 5% cashback on utility, grocery, and departmental store purchases.
- Movie Discounts: Avail 25% discount on movie ticket bookings, up to ₹100 per transaction.
- Lounge Access: Get complimentary domestic airport lounge access (one per quarter) upon spending ₹75,000 in the preceding quarter.
- Joining Fee: ₹500 + GST; annual fee waived on spends of ₹1,50,000 or more.
HPCL Coral Credit Card
Key Features:
- Fuel Cashback: Earn 2.5% cashback on fuel purchases at HPCL outlets and a 1% fuel surcharge waiver.
- Everyday Rewards: Earn 2 Reward Points per ₹100 spent on retail purchases (excluding fuel).
- Movie Discounts: Get 25% discount on movie ticket bookings, up to ₹100 per transaction.
⚖️ Comparison Table: Fuel Benefits at a Glance
| Feature | HDFC IndianOil Credit Card | SBI BPCL Credit Card | ICICI HPCL Super Saver Credit Card | ICICI HPCL Coral Credit Card |
|---|---|---|---|---|
| Fuel Rewards | 5% Fuel Points | 13 Reward Points/₹100 | 5% Cashback | 2.5% Cashback |
| Fuel Surcharge Waiver | 1% (up to ₹250/month) | 1% (up to ₹100/month) | 1% (up to ₹100/month) | 1% (up to ₹100/month) |
| Joining Fee | ₹500 + GST | ₹499 | ₹500 + GST | ₹500 + GST |
| Renewal Fee Waiver | Spend ₹50,000 in 1st year | N/A | Spend ₹1,50,000 in 1st year | Spend ₹1,50,000 in 1st year |
| Bonus Points | Up to 250 Fuel Points/month | 2,000 on joining fee | 2,000 on activation and fee payment | N/A |
| Everyday Rewards | Groceries & Bill Payments | Groceries, Dining, Movies | Utility, Grocery, Departmental Stores | N/A |
| Movie Discounts | N/A | N/A | 25% off (up to ₹100/transaction) | 25% off (up to ₹100/transaction) |
🏁 Final Thoughts: Which Card Suits You Best?
- HDFC IndianOil Credit Card: Ideal for those who frequently fuel up at IndianOil stations and seek additional rewards on groceries and bill payments.
- SBI BPCL Credit Card: Perfect for regular BPCL customers looking for high fuel rewards and instant point redemption at BPCL outlets.
- ICICI HPCL Super Saver Credit Card: Best suited for individuals who desire substantial cashback on fuel purchases and everyday essentials.
- ICICI HPCL Coral Credit Card: Suitable for those who prefer a balanced approach with cashback on fuel and retail purchases.
Carefully consider your fuel consumption patterns and spending habits to choose the card that aligns best with your financial goals.
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