Best Credit Card for Fuel

All Benefits

  • Earn 6 EDGE Miles per ₹150 on IndianOil fuel spends, capped at 600 EDGE Miles per statement month on spends up to ₹15,000
  • 30% off on Zomato, up to ₹150 per order, on minimum order value of ₹200, valid 2 times per calendar month
  • 2 complimentary domestic airport lounge visits per quarter

Fees

Joining Fee 500 EDGE Miles on first spend within 30 days of card issuance
₹590
₹500 + GST
Annual Fee The annual fee is waived if you spend ₹30000 or more in a year on your card, as per bank policy.
₹590
₹500 + GST

Eligibility

Age
18-70 years
Salary
₹25K / Month
Credit Score
720+

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 45%
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ATM Withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable).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 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges
1%
Cheque Payment A fee of 2% of the payment amount is levied for cheque return
2%
Cash Payment ₹175 cash payment fee per deposit.
₹175

Late Payment Charges

Amount dueFee
₹0 – ₹500₹0
₹501 – ₹5,000₹500
₹5,001 – ₹10,000₹750
Over ₹10,000₹1,200

Additional ₹100 is charged if Minimum Amount Due remains unpaid for two consecutive cycles, continuing until cleared

Reward Exclusions

Utility & TelecomEducation SpendsRentWallet LoadsGovernment-related TransactionsInsurance PaymentsJewellery PurchasesFinancial InstitutionsCash AdvancesRepayments

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