When you use a
credit card to pay for fuel—whether for your car or bike—you might notice an
additional fee called a fuel surcharge on your bill. Understanding what this is and why banks sometimes waive it can help you
save money and use your credit card smarter.
What Is a Fuel Surcharge?
· A
fuel surcharge is an
extra fee levied by credit card companies when you pay for petrol, diesel, or other fuels.· It is typically
a small percentage of the total fuel bill, often around
1–2%.· The charge is imposed because
fuel purchases incur processing costs and banks pass this on to customers.
Why Do Credit Card Companies Waive the Fuel Surcharge?
· Many banks
offer fuel surcharge waivers as a benefit on select credit cards.· These waivers are usually
up to a certain monthly limit, such as ₹500 or ₹1,000.· To encourage usage, banks
advertise cards with fuel surcharge waivers to attract customers.
Key Points to Keep in Mind
1.
Check Your Card Termso Not all credit cards offer
fuel surcharge waivers. Always check the card’s benefits.2.
Monthly Cap on Waivero Waivers usually apply
only up to a certain amount per month. Any excess is charged.3.
Eligibility Conditionso Some banks require
transactions above a minimum amount to qualify for the waiver.4.
Online and Fuel Stationso Fuel surcharge waivers may
not apply to online fuel payments or certain stations, so verify with your bank.
How to Save on Fuel Payments
· Use a
credit card with a fuel surcharge waiver.· Track your
monthly spending to ensure you don’t exceed the waiver limit.· Consider
reward points or cashback on fuel purchases for additional savings.
Bottom Line
A
fuel surcharge is a small fee that banks charge on fuel transactions, but
select credit cards waive it, making it easier for users to save money. By choosing the right card and understanding the terms, you can
fill up your tank without extra costs while also enjoying rewards or cashback.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.