State Bank of India
SBI Card IndianOil Fuel Credit Card
IndianOil co-brand Visa with fuel surcharge waiver and milestone benefits
₹500/yr annual fee · 1x rewards
By FinWiz24 Research Desk · Last reviewed · How we review
FinWiz24 Research Desk
Verified independently against issuer Terms & Conditions
Editorial Team
-
Best for
- IndianOil fuel loyalist
- Daily-driver commuter
-
What we like
- 5x rewards on IndianOil fuel spend
- 1% surcharge waiver at IndianOil outlets
- ₹500 welcome IndianOil voucher
-
Watch out for
- ₹500 non-waiver joining fee
- Reward points cap of ₹5,000/month
- Standard 3.5% forex markup
Annual fee
₹500/yr
Reward rate
1x
Min. income
₹2,50,000
Forex markup
3.5%
Lounge access
None
Eligibility
₹2.50 lakh/yr · CIBIL 700+
Reward cap
Reward points capped at ₹5,000 value/month
Welcome benefit
₹500 IndianOil voucher on annual spends ≥ ₹50,000; ₹2,000 voucher on ≥ ₹1,50,000.
SBI Card IndianOil Fuel Credit Card review: IndianOil co-brand Visa with 5% value-back on fuel spend at IndianOil outlets, surcharge waiver, milestone vouchers, and welcome benefits for fuel-conscious drivers.
Who is this for
- IndianOil fuel loyalist
- Daily-driver commuter
What we like
- 5x rewards on IndianOil fuel spend
- 1% surcharge waiver at IndianOil outlets
- ₹500 welcome IndianOil voucher
Watch out for
- ₹500 non-waiver joining fee
- Reward points cap of ₹5,000/month
- Standard 3.5% forex markup
Issuer
State Bank of India is an RBI-regulated entity. See RBI's Master Directions on Credit Cards for the regulatory framework.
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹500 | Not waivable |
| Annual fee | ₹500 | Waived on annual spends ≥ ₹50,000 |
| Renewal fee | ₹500 | Waived on annual spends ≥ ₹50,000 |
| Forex markup | 3.5% | Not waivable |
| Late payment | ₹750 | Not waivable |
| Cash advance | 2.5% of amount | Not waivable |
| Fuel surcharge | 1% | 1% surcharge waived on fuel transactions at IndianOil outlets between ₹500 and ₹4,000 (max ₹100/month) |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| FUEL | 5 Reward Points per ₹100 on IndianOil fuel spend; 1 Reward Point per ₹100 on retail; 0.5 Reward Point per ₹100 on uti… | Reward points capped at ₹5,000 value/month | Redeemable via SBI rewards portal |
| All spends | 1.00 | Not explicitly stated | 0.25 |
| SHOPPING | 1.00 | — | 0.25 |
Benefits
-
5x Rewards on IndianOil Fuel Highlight
5 Reward Points per ₹100 on IndianOil fuel spend — value-back equivalent at partner outlets.
-
Fuel Surcharge Waiver Highlight
1% surcharge waiver at IndianOil outlets between ₹500 and ₹4,000 (max ₹100/month).
-
Welcome Benefit
₹500 IndianOil e-voucher on payment of joining fee.
-
Milestone Vouchers
₹500 IndianOil voucher on annual spends ≥ ₹50,000; ₹2,000 voucher on ≥ ₹1,50,000.
Eligibility
- Age
- 21–65 years
- Min. income
- ₹2,50,000
- Min. credit score
- 700+
- Score note
- Decent credit card required
- Employment
- Salaried, self-employed
- Documents
- PAN, Aadhaar (DigiLocker sufficient), salary slip / ITR for self-employed
SBI Card IndianOil Fuel Credit Card is the IndianOil co-brand Visa from SBI Card. It targets IndianOil loyalists with high fuel rewards and surcharge waiver at IndianOil outlets.
Fees and rewards
- Joining fee: ₹500 (non-waiver)
- Annual fee: ₹500, waived on annual spends ≥ ₹50,000
- Rewards: 5 Reward Points per ₹100 on IndianOil fuel spend; 1 Reward Point per ₹100 on retail
- Forex markup: 3.50%
Fuel benefits
- 5x rewards on IndianOil fuel spend
- 1% surcharge waiver at IndianOil outlets (max ₹100/month)
- ₹500 welcome IndianOil e-voucher
- ₹500 milestone voucher on ₹50,000 spend; ₹2,000 on ₹1,50,000
Eligibility
Minimum annual income ₹2,50,000 (salaried) / ITR-based for self-employed. Decent credit score required.
Card data is compiled from the issuer’s published fee schedules. Last reviewed 2026-09-26.
Step-by-step application guide: Read the SBI Card IndianOil Fuel Credit Card apply walkthrough →
Apply for SBI Card IndianOil Fuel Credit Card
Last reviewed · How we review
FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.
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Frequently asked questions
Is the SBI Card IndianOil Fuel Credit Card worth it?
What is the annual fee for the SBI Card IndianOil Fuel Credit Card?
How does the SBI Card IndianOil Fuel Credit Card reward rate work?
What are the eligibility requirements for the SBI Card IndianOil Fuel Credit Card?
Does the SBI Card IndianOil Fuel Credit Card offer airport lounge access?
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