Just about everyone spends money on fuel every month. Fuel spends are part of most people’s monthly budgeting – as vehicles need electricity or fossil fuels to run. And every month, everyone tries to do what they can to cut down on fuel costs – here’s where a Fuel Credit Card can come in handy.
What is a Fuel Credit Card?
A Fuel Credit Card is just like any other Credit Card but it offers fuel-related offers and fuel surcharge waivers. This will bring down your fuel costs and cut down your travel expenditure every month to a large extent.
What is Fuel Surcharge and how will a Fuel Credit Card help there?
Most Credit Cards charge you a certain amount for using it at fuel stations and petrol pumps. It is usually a percentage of the amount of money spent there. This is called a Fuel surcharge. Using a Fuel Credit Card does away with this surcharge. Which means you can use your Fuel Credit Card at gas stations and petrol pumps for free and you won’t be charged any extra amount.
Some Offers and Special Deals you Can Get On Your Fuel Credit Card
Different issuing banks offer different deals and special offers when you use a Fuel Credit Card. Some of these include –
Cashback –Each time you use your card to buy fuel, you get a certain percentage as cashback. This will get credited to your account.
Reward Points – You earn Reward Points each time you use your Fuel Credit Card to buy fuel. Some banks give you extra Reward Points when the card is used for fuel purchases as opposed to for other shopping. For example, a Fuel Credit Card can give you 4X reward points when you buy fuel and regular reward points when shopping for other stuff.
Bonus Activation Rewards Points – Some issuing banks give each of their customers a large number of Bonus activation reward points once they have activated their cards. This is meant to be used only to buy fuel.
Other Purchases – There are instances where the issuing bank offers their customers cashback and extra reward points even when the Fuel Cards are used to buy things other than Fuel.
Freebies – Using a Fuel Credit Card can get you some freebies sometimes. This could be anything from complimentary airport lounge access to auto-assist facility such as help with roadside repair, emergency fuel requirements, flat tyres, emergency towing, etc. Other freebies you can get include insurance cover on fraudulent transactions, free accident cover, special reward points when the card is used on special days/weekends/holidays etc., bonus rewards points, free movie tickets, etc.
The IndianOil Citi Card comes with some striking advantages that will make it one of the most preferred Fuel Credit Cards in the country today.
With the IndianOil Citi Card, you can get –
Up to 71 litres of free fuel in first year
Fee waiver of Rs. 1000 on annual spends of Rs. 30,000
Turbo points worth Rs. 250* on card activation
Additional turbo points worth Rs. 3650*
Redemption of turbo points via SMS
Never-expiring turbo points
Contactless Cards that allow you to simply tap and pay
*T&C apply So if you are in the market for a Credit Card, or if your mounting fuel bills are starting to give you sleepless nights, buy a Fuel Credit Card. You will be glad you did!