Fuel Surcharge Waivers: What They Are and How to Avail Them?

From ordering groceries to taking care of big-ticket purchases like electronics, using credit cards has become a popular choice among savvy consumers. And why not? Credit cards offer convenience, speed, and interest-free credit, as well as a fuel surcharge waiver.

What does the last benefit really mean? Keep in mind that using credit cards at petrol stations in India results in a surcharge. This is an additional fee when using your credit card to purchase petrol, diesel or CNG. 

This fee could be 1-3% of the transaction value or even a flat fee in the case of some issuers. While this fee may seem negligible, it can quickly add up as an unnecessary expense. Luckily, issuers these days offer credit cards with attractive features like a fuel surcharge waiver.

A Closer Look At Fuel Surcharge Waivers

Simply put, these waivers refer to the removal of the transaction charges levied when paying through credit cards at fuel stations. Issuers offer these waivers at fuel stations they have partnerships with, along with a maximum waiver limit for each month. 

This effectively reduces your cost of purchasing fuel via credit card. It is important to note that these waivers do not include the applicable taxes paid for these fuel purchases. If you own a vehicle and travel frequently, opt for credit cards that offer these waivers to save more. 

Pros Of Credit Cards Offering Fuel Surcharge Waivers

Here are some benefits of choosing a credit card that offers a fuel surcharge waiver. 

• Benefit from added convenience

You need not worry about carrying smaller denominations of cash and pocket change when going to the fuel station. You can complete your cashless transaction and clear the dues once your credit card bill payment statement is generated. 

• Enjoy overall savings 

For every fuel purchase made using your fuel credit card, you can save 1-3% of the transaction amount. These cards generally offer waivers up to a maximum amount every month. Although it may seem small, over time, these savings will accrue in significant numbers. 

• Earn more reward points

You can earn more points for spending on fuel with these fuel-focused credit cards. You can redeem them against future purchases. It is even possible to get vouchers and cashback for making fuel purchases with such cards. 

• Plan and budget more effectively

Since all your fuel purchases will be documented on your credit card statement, it will be easier for you to review your fuel requirements. By doing this, you can effectively set budgets and follow your financial plan for the month. 

Guide To Getting A Fuel Surcharge Waiver

Here’s how you can benefit from fuel surcharge waivers to make the most of your credit card.

• Choose the right credit card

There are multiple cards in the market that offer this waiver of surcharge. Shortlist a few and compare your options to look for a credit card that offers a wider network of partner fuel stations. If you drive daily and use substantial fuel, choose a card that offers better a reward program when it comes to fuel purchases and save more. 

• Understand the eligibility for fuel surcharge waivers

Each issuer has a different set of criteria for availing of these waivers. Some cards may require you to spend a minimum amount to avail of this waiver. Other issuers might have this offer only for designated fuel stations. 

Few card issuers offer these benefits on only certain days of the week. Some cards offer these benefits for only specific types of fuel, and so on. Be careful and read through these criteria thoroughly to make the most of this waiver. 

• Use designated fuel stations

A majority of card issuers offer this waiver only at partner fuel stations. Credit card companies usually provide a list of fuel stations that they cover in their waiver policy.  

You can always plan ahead of time and use only these specific stations for your purchases. This will help you make optimal use of surcharge waivers.  

• Monitor your credit card statement

To keep track of your fuel purchases and whether your waivers have been applied correctly or not, you can keep an eye on your credit card statements. 

By implementing these tips, you can increase your chances of saving via fuel surcharge waivers when using your credit card. These small changes can go a long way towards improving your finances. 

If you’re looking for a credit card that offers fuel surcharge waivers and lots more, then look no further! Choose the One Credit Card to get 100% fuel surcharge waivers up to ₹400 every month. Another added benefit of this card is that you can get waivers across all fuel stations in India. 

Apart from this, you can use the powerful One Credit Card mobile app to keep track of your expenses, set a budget, and make your credit card bill payment on time. Apply now and benefit from 5X reward points, 80+ offers on dining, online shopping, and loads more.