I commute daily and spend a significant amount on fuel. Are there credit cards that waive the fuel surcharge or offer cashback/rewards on fuel purchases? With my salary of ₹60,000, would cards like IndianOil Axis Bank or BPCL SBI Card be the right fit?
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Rewards on Indian Oil Axis Bank (1 Reward point = 0.20-0.25 Rs.)-
4% value back on fuel transaction by earning 20 reward points per INR 100 spent on IOCL outlets in India. Maximum monthly spend- 5000 Rs.
1% surcharge waiver on fuel spends between INR 400 to INR 4000 at any fuel outlet in India. (Note- GST charged on fuel surcharge is non-refundable).
Fees on Indian Oil Axis Bank -
Joining fee- Rs. 500
Annual fee- Rs. 500 from second year onwards
Link to know more about other Fees and rewards of Indian Oil Axis Bank-
Rewards on BPCL-
4.25% Valueback ~ 13X* Reward Points equivalent to 3.25% + 1% Fuel surcharge waiver on every transaction of upto Rs. 4,000, exclusive of GST and other charges) Maximum 1300 Reward Points per billing cycle
Joining offer- Get 2,000 Activation Bonus Reward Points worth Rs. 500 as a welcome gift.
Fees of BPCL SBI card-
Joining Fee- Rs. 499
Annual Fee- Rs 499
Link to know more about Fees and Reward points-
https://www.sbicard.com/en/personal/credit-cards/travel/bpcl-sbi-card.page