One of the main reasons people have deep holes in their pockets is the rising fuel cost. The last few months have seen India come face to face with back-to-back fuel price hikes – the largest percentage increase in over 30 years. This has added to the monthly budget of the middle class. To add to the woes, because of the ongoing Russia-Ukraine conflict, it will not come down in the near future.
The good news is that consumers will be able to offset some of the financial burdens of high fuel costs by using the correct credit cards. Credit card providers – banks – offer exclusive rewards, cashbacks, and discounts on spending. Some of the cashbacks come in the form of fuel surcharge waivers at petrol stations all over the country. So, if inflation is a worry for you, it’s time to get the new plastic with the power.
Credit cards and fuel discount
While public transport is a viable option, availing one is still a hassle. Many of you may be commuting via car or bike. Driving your own vehicle certainly comes with its comforts and convenience. But with the rising fuel prices, you end up paying more than you want.
With the growing number of cars and two-wheelers on the roads, various oil marketing companies and banks have collaborated to cash in on the trend. There is a huge influx of co-branded cards in the market targeted at fuel prices.
Look for credit cards which offer various discounts, including fuel surcharge waivers. It makes sense to avail benefits which are available in the market and which suit your needs the best. For instance, premium banks such as IndusInd Bank offer complete fuel surcharge waiver if you pay for fuel using their Legend credit card and Platinum Aura Edge Visa credit card, and get a 1% waiver on fuel surcharge with the EazyDiner credit card. This can help you create an updated budget for your monthly expenses.
Such credit cards are helpful when you purchase fuel from any petrol station in India. It helps consumers get the maximum benefits and add value to their money. These credit cards which offer fuel surcharge waiver are most helpful to those who travel or commute to their work daily.
How does a credit card help?
When you apply for instant credit card make sure to read the fine print or explore all the benefits to check if it offers reward points or cashbacks on fuel purchases. When you use such cards to fill up regularly, you can avail various perks. Many banks offer discounts or surcharge waivers on fuel purchases. Such as IndusInd Bank, which offers a 1% and complete fuel surcharge waiver on fuel spent on selected credit cards. Apart from these, credit cards also offer accelerated reward points which you can use to convert to cash and pay towards outstanding statement balance.
So, even if you don’t travel much using your personal vehicle, with multiple benefits and an exclusive rewards system, credit cards have become a necessary asset for people. So, apply for instant credit card online today and bring your fuel cost down!