Fuel Surcharges of SBI credit card & Surcharge Waivers Of SBI Credit Cards[All you need to know]

The standard fuel surcharge rates on credit cards are approximately 1.5%, but In some credit cards, these charges can be different. I know that you want to know about the fuel surcharges of SBI credit cards, that’s why we made this article for you. So what you will get in this article is everything about Fuel Surcharge Waiver on SBI Credit Cards.

Starting from very scratch, let us first explain the term “Fuel Surcharge.” We will also provide some methods to avoid extra “fuel surcharges” on your credit cards.

What is Fuel Surcharges On Credit Cards? [Tax on Fuel]

The term “Surcharge” means- “additional or extra charges/payments.” It is extra money or fee which the merchants charge. To better understand this see the example below.

E.g., If you have made a fuel purchase for Rs. 2000, you will have to pay an extra Rs. 56 out of which the amount Rs. 54 will be the surcharge, and the rest will be the service tax.

Fuel Surcharges Of SBI Credit Card

Details:

1. The bank SBI offers “BPCL SBI CREDIT CARD” regarded as best for a fuel credit card. 
2. This card comes with a welcome offer for its new customers providing 2000 reward points worth Rs.500/-. 
3. People opting for this credit card will have to pay the one-time joining non-refundable fee of Rs. 499/- annually.
4.  It can be renewed at the same price every year. 

Benefits:

This fuel card by SBI offers benefits to its users when they purchase fuel from “Bharat Petroleum Fuel Stations” in India.

1. You will get around 4.24% return back which is equal to 13X bonus reward points. Furthur it is near about 3.20% + 1% fuel surcharge waiver on each transaction of Rs. 4000/- at any of the BPCL stations in India.
2. You can also get a max fuel surcharge waiver of Rs. 1200 annually, i.e. [Rs. 100 per month].
3. Save Up to 5.8 litres of fuel per month, equivalent to 70 litres of fuel per year.
4. Get lower interest rates on a balance transfer of EMI’s.

Fuel Surcharges Waiver of SBI credit card[No Fees on Fuel]

When a person buys fuel through the standard credit card, they will have to pay an additional fee @1%. The rates of the surcharges range between 1% and 2.9% of the cost of fuel. But when one pays through the BPCL SBI credit card, a fee is levied [transaction fee + tax]. 

A person is not required to pay an additional surcharge fee when purchasing petrol/diesel through BPCL SBI credit card, which offers fuel surcharges waiver as a reward to its users. 

It helps to maximize your savings on fuel purchases which can be up to Rs. 100 monthly.

Note: The surcharge fee waiver is applicable only on transactions up to Rs. 4000/- with the max threshold limit per month is Rs. 10,000/-.

Eligibility Criteria of BPCL SBI credit card

Here are the following minimum eligibility requirements of the BCPL SBI credit card.

1. A minimum income of Rs. 20,000 monthly.
2. You should be a resident of India.
3. Have an account in any of the SBI branches in India.

Get up to 5X reward points on every Rs. 100 spent on [Grocery items, Departmental stores, Restaurants, Movies].

If a person spends heavily on fuel due to long-distance travels/routines, then the Fuel Surcharges Waiver of SBI credit card can help to maximize their savings every time they purchase fuels.

The BPCL SBI credit card offers tremendous shopping and fuels tax-saving benefits to its users. One should opt for this if you want to save your additional expenses on fuel + get multiple reward points on local stores and entertainment services. 

Conclusion:

If you are looking for a fuel surcharge wavier, our best recommendation would be to go with fuel surcharges wavier of SBI credit card [Offered by in collaboration with Bharat Petroleum Gas BPCL]. This is a good credit card of SBI, not only this, but this card also gives you benefits over other services like spend bonuses, reward points etc. If you want to know more about this Credit Card, Click here & Learn More.