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Best Credit Card for Indian Oil (IOCL) in India (2026)

Quick answer:

IndianOil RBL Bank XTRA Credit Card gives you up to 8.5% back on fuel purchases at Indian Oil pumps — the highest of any card we track. OneCard Credit Card is the best free alternative.

Updated April 2026·10 cards compared·No affiliate commissions

Top 10 Cards for Indian Oil (IOCL)

1

IndianOil RBL Bank XTRA Credit Card

RBL

Up to 8.5% — directly optimised for indianoil

Reward rateUp to 8.5%
Annual fee₹1,500
Score7.6/10
Co-branded / Direct
2

IndianOil Axis Bank Credit Card

Axis

Up to 4% — directly optimised for indianoil

Reward rateUp to 4%
Annual fee₹500
Score6.3/10
Co-branded / Direct
3

Indian Oil HDFC Credit Card

HDFC

Up to 5% on fuel

Reward rateUp to 5%
Annual fee₹500
Score7.2/10
4

IndianOil Kotak Credit Card

Kotak

Up to 5% on fuel

Reward rateUp to 5%
Annual fee₹449
Score6.9/10
5

Axis Indian Oil Credit Card

Axis

Up to 4% on fuel

Reward rateUp to 4%
Annual fee₹500
Score6.7/10
6

IDFC FIRST Power+ Credit Card

IDFC FIRST

Up to 3% on fuel

Reward rateUp to 3%
Annual fee₹499
Score7.2/10
7

HSBC Cashback Credit Card

HSBC

Up to 10% on cashback category

Reward rateUp to 10%
Annual fee₹999
Score8.2/10
8

SimplyCLICK Advantage SBI Card

SBI

Up to 10% on cashback category

Reward rateUp to 10%
Annual fee₹499
Score7.9/10
9

Titan SBI Credit Card

SBI

Up to 7.5% on cashback category

Reward rateUp to 7.5%
Annual fee₹2,999
Score8.8/10
10

HDFC Millennia

HDFC

Up to 5% on cashback category

Reward rateUp to 5%
Annual fee₹1,000
Score8.7/10

How We Ranked These

We ranked all 239 credit cards in our database against Indian Oil (IOCL) using three tiers of relevance:

  1. Direct match — cards specifically designed for or partnered with Indian Oil (IOCL) (co-branded cards, direct accelerated rewards)
  2. Category match — cards that earn accelerated rewards on the spending category that Indian Oil (IOCL) falls under
  3. Broad match — cards that earn elevated rewards on related or overlapping categories

Within each tier, cards are sorted by effective reward rate (highest first), then by CardTrail Score as a tiebreaker. Every number on this page comes from our database — nothing is fabricated.

Tips to Maximise Rewards on Indian Oil (IOCL)

→

Indian Oil co-branded cards (IOCL SBI, IOCL Kotak) earn bonus rewards at IOCL stations

→

Fuel surcharge waiver saves 1% on every fill — a must-have feature for fuel cards

→

IOCL pumps code under standard 'Fuel' MCC — most fuel cards work here

Free vs Paid: Is the Annual Fee Worth It?

Best Free Card

OneCard Credit Card

Federal Bank / BOB Cards · ₹0 annual fee

Up to 5% on fuel purchases at Indian Oil pumps

Score: 7.2/10

Best Overall

IndianOil RBL Bank XTRA Credit Card

RBL · ₹1,500 annual fee

Up to 8.5% on fuel purchases at Indian Oil pumps

Score: 7.6/10

At a monthly spend of ₹10,000 on fuel purchases at Indian Oil pumps, the paid card earns ₹10.2K/year vs ₹6.0K/year for the free card — a difference of ₹4.2K. The paid card's extra rewards exceed its annual fee at this spend level.

Cards to Avoid for Indian Oil (IOCL)

These are popular, well-rated cards that earn only their base reward rate on fuel purchases at Indian Oil pumps. If you carry one of these, use a different card for Indian Oil (IOCL) purchases.

IDFC FIRST Diamond Reserve Credit Card

IDFC FIRST · Score: 9/10 — but only 0.5% on fuel purchases at Indian Oil pumps

American Express Platinum Charge Card

American Express · Score: 8.7/10 — but only 1.25% on fuel purchases at Indian Oil pumps

IndusInd Tiger Credit Card

IndusInd · Score: 8.7/10 — but only 1.2% on fuel purchases at Indian Oil pumps

HDFC Swiggy Credit Card

HDFC · Score: 8.7/10 — but only 1% on fuel purchases at Indian Oil pumps

IDFC FIRST Select Credit Card

IDFC FIRST · Score: 8.7/10 — but only 0.75% on fuel purchases at Indian Oil pumps

These are great cards for other spending categories — just not for fuel purchases at Indian Oil pumps. Use the top-ranked card above instead.

Related: Best Cards for Similar Spending

Best for Bharat Petroleum (BPCL) Best for Hindustan Petroleum (HPCL) Best for Petrol Pumps (All Brands)

Frequently Asked Questions

Which credit card gives the highest cashback on Indian Oil (IOCL)?
IndianOil RBL Bank XTRA Credit Card from RBL gives up to 8.5% back on fuel purchases at Indian Oil pumps. It has a CardTrail Score of 7.6/10 with an annual fee of ₹1,500.
Is there a no-annual-fee credit card good for Indian Oil (IOCL)?
Yes — OneCard Credit Card is a free card (₹0 annual fee) that earns up to 5% on fuel purchases at Indian Oil pumps. CardTrail Score: 7.2/10.
How do credit card rewards work on Indian Oil (IOCL)?
Credit cards earn rewards based on the Merchant Category Code (MCC) of the transaction. Indian Oil (IOCL) transactions are assigned an MCC by the payment network, and cards with accelerated rewards on that MCC earn higher cashback or points.
Which popular credit cards should I avoid using for Indian Oil (IOCL)?
Cards like IDFC FIRST Diamond Reserve Credit Card, American Express Platinum Charge Card, IndusInd Tiger Credit Card have high overall scores but earn only their base rate (0.5% or less) on fuel purchases at Indian Oil pumps. Use a category-matched card instead.

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