I frequently spend on fuel and would love to save a little on petrol/diesel purchases. Does the SBI SimplySAVE Credit Card offer a fuel surcharge waiver, and is it actually useful?
Yes, the SBI SimplySAVE Credit Card does offer a 1% fuel surcharge waiver, and while it’s not a massive saving, it does add up if you drive regularly. Here’s how it works:
- You get the 1% waiver on fuel transactions between ₹500 and ₹3,000.
- The maximum waiver is ₹100 per billing cycle.
- The waiver is applicable at all petrol pumps across India, so you’re not restricted to specific brands like Indian Oil or HP.
Now, is it useful? Well, if you’re someone who spends ₹5,000–₹10,000 per month on fuel, this might not be a game-changer since the savings cap is ₹100 per month. But if your fuel expenses are moderate—say, around ₹3,000 per month—then this waiver ensures you’re not paying extra for card transactions at petrol pumps.
One thing to remember: You still don’t earn reward points on fuel purchases with this card, so while you save on the surcharge, you won’t be earning points on those spends. If you’re looking for a card that offers fuel rewards along with a surcharge waiver, you might want to explore co-branded fuel credit cards instead.
For me, this waiver is just a nice little bonus rather than a major deciding factor. If fuel is a big part of your monthly budget, you might want to pair this card with a dedicated fuel credit card to maximize savings.