With fuel prices being revised almost daily, the smart way to save some money on the unavoidable fuel expenses is to save on the fuel surcharge on credit cards. Wondering how? Simply select a card that not only helps you earn cashback but also helps you combat these rising fuel prices.
The fuel surcharge waiver will help reduce your fuel expenses and you get to enjoy exclusive discounts at select stores or even opt for an emergency loan and access funds instantly when in need.
Read on for some easy-to-follow hacks to reduce fuel expenditure while enjoying amazing credit card reward offers.
Leverage the Cashback Option of your Card
Undoubtedly, cashback is one of the most attractive features to look for when selecting a card. After all, getting these benefits through credit card payments can help you save a lot of money. How? It’s simple. Each time you swipe your card, you get paid back a specific percentage of the eligible purchases made using your card.
You can redeem this cashback effortlessly through the following modes:
- Opting for it via a gift card
- Direct credit into your bank account
- Offsetting your credit card balance
Based on the value of your transaction, you can opt for a refund or add it back to replenish the card limit. That said, be cautious to read the fine print and evaluate the minimum redemption threshold set by issuers. This varies between issuers, so keeping a close watch is crucial.
Once you accumulate a sufficient amount, this collective sum can easily offset your fuel cost. Regardless of how you have utilised your card, planning well in advance and smartly can help you navigate the rising fuel prices and save a sizable amount.
Opt for a Card with a Fuel Surcharge Waiver
Typically, you pay a fuel surcharge on credit card, and it is an additional fee levied by card issuers on all fuel transactions. Usually, this amount is around 1-2.5% of the fuel purchase amount, but it can also be a fixed amount.
This surcharge compensates for all processing costs related to fuel transactions at various fuel pumps. So, scout for a card with a fuel surcharge waiver to help reduce the blow of increasing fuel costs.
When you choose a card with this added benefit, apart from the regular credit card reward offers, you can use it for filling fuel without stressing about costs. A waiver on fuel surcharge simply means you get back the additional fee on fuel transactions.
Choose a Fuel Credit Card Offering Umpteen Reward Points
While there’s a variety of cards flooding the market, check for one with rewards on refuelling as it is designed to add value to this expense. Such fuel credit cards are tailored to offer attractive discounts when you purchase fuel.
Whether you’re planning for a long road trip or everyday office commute, getting your hands on a fuel card is smart for maximum savings. Each time you plan to refill your vehicle, use the card and save up on your fuel costs. Some issuers may even have special offers, wherein you earn additional points for fuelling up.
Apply for a Card Having Tie-ups with Specific Fuel Stations
Some card issuers partner with select fuel outlets. So, swiping your card at these stations lets you earn triple or even 10 times the reward points. All these perks in addition to cashback and surcharge waivers!
Use these additional reward points to manage your fuel costs or offset the impact of other expenses. In fact, your frequent fuel purchases can help you earn a lot of reward points, which can then be redeemed for great deals.
Getting the right card that helps minimise your fuel surcharge while letting you enjoy a plethora of perks is quite simple. All it requires is to explore various card variants and evaluate their features before zeroing in on the right option. If you’re looking for a card that lets you access exciting discounts and fuel surcharge waivers while allowing you to spend confidently, the One Credit Card is a smart choice.
You can earn up a 100%* fuel surcharge waiver when you use the card at fuel outlets in India. What’s more, you can track your fuel transactions and other credit card purchases seamlessly on the One Credit Card mobile app. You also enjoy 5X rewards on the top two spending categories with this lifetime-free metal card. So, get started and apply for one today!
+ There are no comments
Add yours