I frequently spend on fuel, and I’m looking for a credit card that helps reduce those extra charges. Does the ICICI Coral Credit Card offer a fuel surcharge waiver? If so, what are the conditions—like the minimum or maximum transaction amount eligible for the waiver? Are there specific petrol pumps where this applies, or can I use it at any fuel station across India? Also, is there a monthly or yearly cap on the waiver, and do I need to register for it, or is it applied automatically when I use the card for fuel purchases?
Yes, the ICICI Coral Credit Card does offer a fuel surcharge waiver, but like most cards, it comes with a few conditions. If you use this card for fuel purchases at any petrol pump across India, you get a 1% waiver on the fuel surcharge. However, this benefit is only applicable for transactions between ₹400 and ₹4,000. So, if you’re refueling for less than ₹400 or more than ₹4,000 in a single transaction, you won’t get any waiver.
The maximum waiver per month is capped at ₹200, which means that beyond ₹20,000 worth of fuel purchases in a month, you’ll start paying the surcharge again. The waiver is automatically applied at the time of transaction, so you don’t need to register or do anything extra to claim it. However, one thing I noticed is that GST and other charges on the fuel surcharge are not waived, so while you do save a bit, it’s not a full reimbursement of the surcharge amount.
If you’re someone who spends moderately on fuel, this benefit can help offset some of the extra charges, but if you have very high fuel expenses, you might want to consider fuel-specific credit cards like the BPCL SBI Card or IndianOil Axis Bank Credit Card, which offer higher rewards and cashback on fuel purchases. In my experience, the waiver is useful for regular refueling but doesn’t provide the kind of savings that dedicated fuel cards offer.