Two different things get called a fuel benefit and they are worth very different amounts. The fuel surcharge waiver refunds the ~1% levy petrol pumps add on card payments, and is capped — commonly at ₹100 to ₹250 a month. Rewards on fuel spending are separate, and many otherwise strong cards exclude fuel from earning entirely. A card that waives the surcharge but earns nothing on fuel is still doing you a favour, just a smaller one than the marketing suggests.
107
Cards listed
Free
Cheapest to hold
₹2,500
Most expensive
Ranked by how widely held each card is — not by commission, because CardCopilot takes none. 2 of them carry no annual fee.
The shortlist
Cards that either earn accelerated rewards at fuel merchants or carry a fuel surcharge waiver. Waiver caps are per card and listed on each card's page.
5% on bill payments via Google Pay, 4% on Swiggy/Zomato/Ola, flat 2% elsewhere — real cashback.
Annual fee
₹499
Fee waived at
₹2L
Lounge visits
4/yr
utilities
food delivery
cab rides
2
ICICI BankCore
ICICI Fuel Plus
•••• •••• •••• ••••
2
3
Axis BankEntry
Axis Fuel Easy
•••• •••• •••• ••••
3
4
SBI CardCore
BPCL SBI Card Octane
•••• •••• •••• ••••
4
5
ICICI BankEntry
ICICI HPCL Super Saver
•••• •••• •••• ••••
5
6
HDFC BankEntry
HDFC Fuel Platinum
•••• •••• •••• ••••
6
7
ICICI BankEntry
ICICI Fuel Platinum
•••• •••• •••• ••••
7
8
Kotak Mahindra BankCore
Kotak Fuel Prime
•••• •••• •••• ••••
8
9
AU Small Finance BankCore
AU Fuel Prime
•••• •••• •••• ••••
9
10
Axis BankCore
Axis Fuel Signature
•••• •••• •••• ••••
10
11
RBL BankEntry
RBL Fuel Advantage
•••• •••• •••• ••••
11
12
SBI CardCore
SBI Fuel Rewards
•••• •••• •••• ••••
12
13
Bank of BarodaEntry
BoB Fuel Advantage
•••• •••• •••• ••••
13
14
SBI CardCore
SBI Fuel Signature
•••• •••• •••• ••••
14
15
Ujjivan SFBEntry
Ujjivan Fuel Platinum
•••• •••• •••• ••••
15
16
Bank of BarodaEntry
BoB Fuel Classic
•••• •••• •••• ••••
16
17
Canara BankEntry
Canara Fuel Platinum
•••• •••• •••• ••••
17
18
Dhanlaxmi BankEntry
Dhan Fuel Value
•••• •••• •••• ••••
18
19
Bandhan BankCore
Bandhan Fuel Plus
•••• •••• •••• ••••
19
20
HSBC IndiaCore
HSBC Fuel Signature
•••• •••• •••• ••••
20
21
Kotak Mahindra BankEntry
Kotak Fuel Easy
•••• •••• •••• ••••
21
22
Standard CharteredEntry
StanC Fuel Advantage
•••• •••• •••• ••••
22
23
Jana SFBEntry
Jana Fuel Advantage
•••• •••• •••• ••••
23
24
Suryoday SFBCore
Suryoday Fuel Plus
•••• •••• •••• ••••
24
Frequently asked questions
What is a fuel surcharge waiver?
Petrol pumps add roughly 1% to card transactions. A waiver refunds that, usually as a statement credit in the next cycle, up to a monthly cap. At a ₹250 monthly cap you would need about ₹25,000 of monthly fuel spending to use it fully — most people do not, so the practical value is lower than the cap implies.
Do fuel cards earn reward points on petrol too?
Not always, and this is the most common misunderstanding. Plenty of cards waive the surcharge while explicitly excluding fuel from reward earning. Cards branded around a specific fuel network usually do both; general-purpose cards frequently do only the waiver.
Is a co-branded fuel card worth it?
Only if you consistently use that network. Co-branded cards pay their best rate at one chain and an ordinary rate everywhere else, so the moment you fill up wherever is convenient, the advantage disappears.