1 min read
30th October 2023

Fuel prices are constantly rising in India, which is bound to weigh you down financially. As a result, finding ways to economise fuel is important.

Most credit card providers offer you ways and means through which you can make buying fuel a little more inexpensive. Bajaj Finserv RBL Bank Credit Card is one such card that will help you combat the high fuel prices. Apart from an excellent reward points system that you can use towards fuel purchase, you can also use it to withdraw cash on an interest-free basis, avail an emergency loan, or shop at a discount.

Read on to understand how you can use the Bajaj Finserv RBL Bank SuperCard and other credit cards to lower your expenditure on fuel.

Cashback

Through certain credit card payments, you get benefits through a cashback. This means that a certain transaction through your credit card will not only earn you reward points, but a fixed amount will also be refunded to you or added back to your credit limit based on the value of your transaction. You can use this collective amount to offset the cost of petrol.

Surcharge waiver

Another way you can reduce the blow is by using the surcharge waivers that credit card providers offer. Typically, credit cards levy a transaction fee, also known as a surcharge, when you buy fuel. Cards that provide a surcharge waiver reduce the charge by a certain percentage. So, think of it as a 1 to 3% discount on the surcharge when your credit card bill payment is between Rs. 400 and Rs. 4,000.

Extra reward points through credit card tie-ups

Certain credit card companies have tie-ups with specific fuel stations. When you buy fuel at this station, you will get double, triple, or even 10 times the reward points. This could be in addition to a surcharge or cashback. You can later use these reward points to pay for fuel or offset the cost by using the points towards paying for everyday commodities.

Reward points earned at certain stores

Most credit cards offer you reward points on every transaction, whether buying groceries, flight tickets, clothes, appliances, or simply ordering food. You can use the points that you accumulate to pay for fuel.

So, use credit cards smartly to purchase fuel more affordably. If you don't have a credit card, apply for one, keeping in mind the card's benefits with regards to fuel discounts.

With the Bajaj Finserv RBL Bank credit card, you get features such as interest-free cash withdrawals, access to emergency loan funds, exclusive privileges, state of the art security, and an excellent reward system that makes shopping affordable. Check your Bajaj Finserv RBL Bank credit card offer and apply right away.

 

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Frequently asked questions

Does credit card charge extra for fuel?

Credit cards usually have fuel surcharges ranging from 1% to 3%. However, most credit card providers offer a fuel surcharge waiver benefit. Therefore, it is essential to be aware of any potential transaction fees or interest rates associated with your specific credit card. It is also important to check your card's terms and conditions for a clear understanding of the costs involved.

How to save on fuel using a credit card?

To maximise fuel savings, look for credit cards that offer cashback, rewards, or discounts on fuel purchases. Many credit cards provide exclusive partnerships with petrol stations, providing additional benefits like loyalty points or cashback, helping you save more every time you fill up your tank.

What are the benefits of paying for fuel with a credit card?

Paying for fuel with a credit card often comes with perks such as cashback, rewards points, or discounts. Additionally, it provides a convenient and secure payment method, eliminating the need for carrying cash. Some credit cards also offer fuel surcharge waivers, further enhancing the cost-effectiveness of using your credit card for fuel purchases.