Best Credit Card for Fuel

All Benefits

  • 1 EDGE REWARD per ₹100 spent (1% value back)
  • 4% value back on IOCL fuel spends (capped at ₹5000/month)
  • 1% value back on online shopping (5 EDGE REWARD per ₹100, max ₹5000 spends/month)
  • 10% off movie tickets (₹100/month cap)
  • Up to 15% discount on travel bookings (Wednesday offers)

Fees

Joining Fee 1250 EDGE Rewards on card activation
₹590
₹500 + GST
Annual Fee The annual fee is waived if you spend ₹3.5 lakh or more in a year on your card, as per bank policy.
₹590
₹500 + GST

Eligibility

Age
21-60 years
Salary
₹25K / Month
Credit Score
725+

Bank Fee Structure

Forex Markup 3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. Examples (3.5%): ₹100 → ₹3.5 ₹1,000 → ₹35 ₹10,000 → ₹350 ₹1,00,000 → ₹3,500
3.50%
Finance Charges (APR) 3.75% monthly fee. Credit cards allow you for a interest free payment period of 20-55 days. However, if you fail to make payment for your statement in due time then bank starts charging interest. A simple way to avoid heavy interest rates over long time is to convert your large spends in EMIs. Normally bank charges 16% p.a interest on EMIs however if you fail to pay in time then annual interest can reach upto 55.55%
3.75%
ATM Withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable).
2.50%
Reward Redemption A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request.
₹99
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals.
1.80%
Rent Payment 2% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges
2%
Cheque Payment No cheque payment fee is charged
₹0
Cash Payment ₹100 plus applicable GST may be charged for cash payments made at branches towards credit card dues, as per bank policy
₹100

Late Payment Charges

Amount dueFee
₹0 - ₹500₹0
₹501 - ₹5000₹500
₹5001 - ₹10000₹750
₹10001- and above₹1200

Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date

Reward Exclusions

All ReversalsCancelled TransactionsCash AdvancesATM Cash WithdrawalsQuasi-Cash TransactionsMoney TransfersP2P TransfersWallet LoadsGift Cards and VouchersEMI SpendsBank Charges & FeesLate Payment FeesProcessing FeesFinancial ChargesInterest ChargesPayment Returned ChargesService/Interest ChargesTransaction ChargesEducation SpendsFuel SurchargeToll PaymentsGambling TransactionsLotteryOnline Skill-Based GamingGovernment-related TransactionsUtility Bill PaymentsTelecomTaxesInsurance PaymentsJewellery PurchasesForex TransactionsCryptocurrency/Digital Asset TransactionsRent PaymentTransportationBusiness ServicesContracted ServicesCollection AgenciesSecurity Broker ServicesCharityDonationsLoad MoneyLiquid AssetsOutstanding PaymentsVoucher PurchasesMiscellaneousDonations to Religious OrganizationsDonations to Political Organizations

Terms & Conditions

  • The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application
  • A minimum transaction of Rs.100 within 30 days is required to activate the card, otherwise, you won’t be eligible for the Rewards

Full charges and terms: Bank MITC / Terms