4 ways a credit card can help you save on fuel costs
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4 ways a credit card can help you save on fuel costs

  • Highlights

  • Make use of cashbacks to offset the amount spent on petrol

  • Avail a reduced surcharge waiver of 1-3% when you buy fuel on using credit cards

  • Look for credit cards that have tie-ups with fuel stations

  • The Bajaj Finserv RBL Bank Credit Card offers many benefits

Fuel prices are constantly rising in India, and have most recently gone up by Rs.3 per litre. If this sharp increase is weighing your finances down, 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’s 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 ATM, avail an emergency loan, or shop on discount.

Read on to understand how you can use the SuperCard as well as other credit cards to lower your expenditure on fuel.

Cashback

Through certain credit cards payments you get benefits by way of 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 make use this collective amount to offset the cost of petrol.

Surcharge waiver

Another way in which you can lessen the blow is by making use of 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 1–3% discount on the surcharge when your credit card payment is between Rs.400 and Rs.4,000.

Shopping online made easy with the SuperCard

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 the payment of everyday commodities.

Reward points earned at certain stores

Most credit cards offer you reward points on every transaction, whether you are buying groceries, airplane 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. When you pick 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 more affordable. Check your pre-approved credit card offer and apply right away.

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