So I thought why not make a list of them so that readers get to have a clear picture of not only the best credit cards in India available right now, but also what’s about to happen to the future of credit cards in India.. 300,000. For Burgundy clients, there're no punitive charges on spending over the credit limit. 250. The fuel surcharge for U.S. Most big bank debit cards generally offer 1 per cent fuel surcharge waiver, on fuel refill. Presently, Every time you make a fuel purchase through your card, you have to pay a fuel surcharge @ 1% (before 13 Jan 2017, it was 2.5%) subject to the minimum of INR 10. With zero joining and an annual maintenance fee, this credit card also provides exciting welcome offers. Terms and conditions: Fuel Surcharge Waiver. HSBC Visa Platinum Card is a lifetime free Credit Card with nil joining and annual fees. 400 to Rs. Avail 100 Points on the first online transaction. February 10, 2021) Facilties on Debit Card Daily limits : Cash withdrawal limit of Rs.100000 Petrol Surcharge Waiver: Exemption from fuel surcharge applicable on fuel purchase value of Rs. All Rights Reserved. It was the case until couple of years bank. Earn 100 eDGE reward points on spending more than Rs. Standard Chartered Super Value Titanium Credit Card. Following are some of the highlights of SC Ultimate Credit Card: Bank of Baroda Easy Credit Card is a reward credit card that also gives cashback. Get 10 Reward Points per Rs. Initially, the bank operated as a subsidiary of Reserve Bank of India and later RBI transferred it … Yes World Debit Card is the right choice if you are looking for lifestyle benefits … In 2021, Chime members will be able to access their cash surcharge-free when using their Chime debit card at Allpoint ATMs at select retail locations nationwide. Stay safe and never share your credit card details or pin with anyone. Does taking a personal loan affect my credit score? Fuel Surcharge Waiver of 1% for transactions between Rs. HNB Corporate / Fuel card: Free: LKR 3,000: HNB Business / Fuel card: Free: LKR 3,000: Affinity Credit Cards: HNB ICASL (Institute of Charted Accountants of Sri Lanka) Affinity Platinum: Free LKR 3,500 (w.e.f 25th January, 2021) HNB ICASL (Institute of Charted Accountants of Sri Lanka) Affinity Signature Free LKR 5,000 (w.e.f 25th January, 2021) With credit cards, comes hidden charges and taxes. Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that state-owned oil companies had introduced more than two-and-a-half years back to promote digital payments. When making transactions more than Rs. Some of the information presented on this website has been collated from publicly available sources. 600. On spending of Rs. Indian Oil Citi Credit Card. The earned cashback can be shared between dining and entertainment spends. However, the fuel credit cards can be of huge help in a situation like these. The fuel surcharge for regional Day Definite services will be based on the most suitable national measure of diesel fuel … Along with a fuel surcharge waiver of up to Rs. With global oil prices rising, a litre of petrol costs about Rs 75-80. All the premium credit cards give a waiver on the fuel surcharge but may not give any extra benefits. To date, 64 bills in 27 states have been introduced or are pending in the 2013 legislative session. Now all of sudden ICICI Bank got up and when I purchased fuel on 15/12/08 swiping my ICICI bank debit card bank debited surcharge on fuel to my account without my knowledge. 150 on all retail spends, including insurance, utilities, education, and rent, one can earn up to 4 reward points. Several inconvenienced customers have written to the oil ministry in the past few weeks regarding this illegal deduction, an oil ministry official said. Annual Fee: Rs. By using this credit card, an individual can avail one reward point on each spending of Rs. We achieve this with a cutting edge combination of data science and technology that ensures that both lenders and borrowers have a transparent common platform to make their decisions. I am covering the best credit cards for fuel in India 2021 that give maximum rewards or cashback on petrol pumps in India. How do I partially prepay an SBI home loan online? 750 cashback. Is fuel surcharge applicable on debit cards? Annual fee waived upon spending Rs. Avail 4 complimentary Golf rounds per calendar year at selected Golf courses in India. A lifetime free credit card i.e. In fact, with regards to its fee range, HDFC Regalia First Credit Card is one of the best options you could opt for. The Milestone Feature includes the option of spending Rs. When the DOE (Department of Energy) National fuel index national average falls into one of the following categories, a fuel surcharge will be added to the net charges on a single shipment. One can purchase protection up to 1 lakh. Here we discussed about the Best Instant Approval Credit Cards in 2021. As of early 2021, there is only one US territory and four states that don’t allow credit card surcharges. Your comment will be reviewed and posted shortly. D.O.E. We get your Credit Score online and provide a free Credit Health Analysis of your Equifax report. Established in 1994, ICICI Bank is headquartered in Mumbai. 5000. CreditMantri shall not be in any manner whatsoever, be held responsible for any reliance on the same. Notwithstanding subsection 1, a governmental entity may impose a surcharge for payments made with a credit card or debit card for taxes, fines, charges, utility fees, regulatory fees, license or permit fees or the provision of a specific service provided by that governmental entity if the surcharge: A. 25% discount on movie bookings at BookMyShow. The maximum railway surcharge waiver the user can get in a year is Rs. With the fluctuating costs of fuel, it is important to spare at whatever point conceivable. 2,500 on the card into EMIs of 6/12 months of tenure. Max waiver of Rs 250 per statement cycle. Best IDBI Bank Debit Card 2021 - 2022 Updated on March 7, 2021 , 2194 views. The card comes with an annual fee of just Rs. Domestic Express Freight services will be assessed based on the rated weight of the shipment. When making transactions more than Rs. 3. Get Insurance benefits from ICICI Lombard General Insurance Company Limited. By reporting the loss of the card immediately, ensures zero liability on any fraudulent transactions. Cargo Fuel Surcharge Levels of Previous Months ... You cannot impose a prepaid card or debit card surcharge; you can only do so on credit cards. 250, other benefits are availing 15% discount at more than 200 partnered restaurants, transactions made more than Rs. 100 + GST Obtain 10,000 Reward Points on the first transaction done within the first 90 days of the card set-up date. The Prevailing Oil Price in February 2021 for determination of the cargo fuel surcharge for April 2021 is US$62.28/Barrel. Every year get a maximum of 8 free PVR tickets or Rs. 400 and Rs. YES, fuel surcharge is applicable on debit cards ranging from 0.25% - 1%. Axis Bank Signature Credit Card. 100/- spent on any fuel station. 5,000, subject to a max. For example, if you have made a fuel purchase for Rs. 1,25,000 against fraudulent usage up to seven days pre-reporting. Most of the credit cards have ‘Fuel surcharge waiver’ as one of the benefits.To understand the benefit, you must first know what surcharge is. This credit card provides up to 5 reward points for every Rs. These purchases can be easily converted into EMI via phone banking, net banking, or by visiting the bank branch. 500, save up to 20% on Club Mahindra membership by signing up using HSBC cards, on MakeMyTrip get up to Rs. A good CIBIL score makes the whole process of getting a card way much easier. 1 site for Credit Analysis and Free Credit Score Online. 5,000, convert big credit card transactions, into easy instalments with attractive rates at zero preclosure charges. Free airport lounge access also available. 100 spent on other categories. This means that if the consumers use the petrol station which is a private station then they are likely to pay a surcharge on the fuel. 2,500. How do banks rate individuals for personal loans. 150 spent. Many top banks and lenders in the nation are offering fuel Credit cards which help you save more on your fuel bills. Airport lounge access and exclusive dining privileges add to its benefits. Want to reduce your fuel cost? 4,000. Credit cards have earned their rightful name for aiding users with the much-needed flexibility at the time of payments with their credit limit. There exist many credit cards in the market who claim that using their company’s credit card would give you the advantage of fuel surcharge waiver. 70,000 in a year, get reversal/waiver of annual fees. Following are some of the highlights of the BOB Financial PREMIER Credit Card: YES FIRST Preferred Credit Card is especially for those who love shopping and travel. The case was: Lets say you have a HDFC bank credit card & the petrol pump have an HDFC bank EDC, then there were no charges. Some banks provide the Best Fuel Credit Card to their customers in an attempt to give them maximum benefit while paying for fuel. 90,000 in the … This card can offer up to 5 reward points (1 reward point = Rs.1) on every Rs. Only ICICI waives off the whole Surcharge + Service Tax if and only if you use it at a HP petrol pump & swipe your card only on ICICI Card machine. Avail air accident cover up to Rs. Rs.1500+ Fuel Surcharge + Service Tax on surcharge. 250, 3 complimentary domestic/international airport lounge access or 3 meal-vouchers to use at airport restaurants, and 10% cashback of up to Rs. Enjoy 4.25% valueback which is equivalent to 13X reward points on vehicle refill at … In a developing country like India, the government is trying to boost digital payments, especially after the demonetisation drive, by imposing rules like no bank can levy fuel surcharge or transaction fee on a customer paying by debit card. 1 crore. For example, if fuel points are received in October 2019, they will expire in October 2021 ; 1% fuel-surcharge waiver on minimum fuel transactions of 400. Among its major highlights are the excellent rewards program and complimentary access to international airport lounges. 200 spent domestically, and 20 Reward Points on international spends. The cardholder will also get a cover for the misuse of the HSBC Visa Platinum Credit Card up to 24 hours before reporting and registering, for up to Rs. The surcharge waiver is valid for HDFC Bank Debit Cards swiped in HDFC Bank terminals at selected Government petrol stations only. But you can always check with your bank for fuel waivers as most of the … of Rs. The waiver can be availed only when payment is made through the IndusInd Bank Credit Card. 15 lakhs is also offered and get up to 50 days of the interest-free period. As per the credit card fuel transaction rules they charge 2.5 Fuel surcharge 2.5% and service tax over that but fuel surcharge is waived off but the service tax stays. 5,000 every month. For example. Visit Now 12. Avail up to 3-lifetime free add-on cards for immediate family members who are above 18 years of age. You should always read all the terms and conditions before applying for one. CreditMantri is India’s No. 400 and Rs 5,000. If you are looking for credit, we will make sure you find it, and ensure that it is the best possible match for you. Before you opt for a credit … Businesses incur costs when they accept a payment from a customer using a credit card, a debit card or a prepaid card. What is the penalty charge for an ECS debit bounce in an HDFC personal loan? That is our CreditMantri guarantee. Moreover, avail 2 Reward Points for every Rs. A 3% card processing fee may be charged. This is why the fuel surcharge waiver offered by debit cards helps to save a small percentage, on your monthly fuel expenses. Cash back will be credited to card statement in the subsequent billing cycle. Out of the total 64 bills, 44 address credit or debit card surcharges. Additional Features and Benefits of HDFC MoneyBack: Fuel Surcharge Waiver – Avail fuel surcharge waiver of 1% on fuel transactions above Rs.400; Milestone Benefits – The cardholders also get a gift voucher worth Rs.500 on retail purchases of Rs.50,000 or more in every quarter; Interest-Free Credit – Customers get a 50 day of interest-free period to make the payment after purchase Complimentary Priority Pass membership. Several inconvenienced customers have written to the oil ministry in the past few weeks regarding this illegal deduction, an oil ministry official said. The surcharge imposed by merchants on the use of electronic payment cards is discouraging the use of debit and credit cards. How can I link my mobile number with my SBI bank account? The monthly maximum benefit is limited to Rs. Following are some of the highlights of YES FIRST Preferred Credit Card: The few activities that give us pleasure and take our minds off from the humdrum of everyday life are travelling, entertainment, and eating out. Other Facilities Joint Account allowed to be opned with the spouse/parents/Children. 400 to Rs. Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders. Later on, one can redeem the earned reward points for certain gift vouchers or cashback. 16 Reward Points for every Rs. The applicants for HDFC Regalia First Credit Card should have a minimum. Enjoy 1% fuel surcharge waiver on a purchase of fuel in the range of Rs. Following are some of the highlights of Kotak Delight Platinum Credit Card: The HSBC Visa Platinum Card provides magnificent rewards and offers, with instant recognition and exclusive privileges. In a bid to promote cashless transactions post demonetization, the government had waived various tax surcharges levied on credit/debit cards for fuel purchase. In recent years, commercial banks have increasingly encouraged the use of debit and credit cards by their customers to make financial transfers, banking as well as paying for goods and services like in supermarkets and fuel stations. Waiver of 1% fuel surcharge is applicable on transactions between INR 400/- to INR 4000/- only. Get a 1% fuel surcharge waiver at fuel stations in India on transactions between Rs. Apply for any of the best fuel credit cards Apr 2021 explained at Wishfin, an online marketplace for credit cards and other financial products, get surcharge waiver and free fuel using these cards, besides reward points, lounge access and much more. Fuel debit cards issued by banks in India carry a uniform benefit of providing surcharge on fuel at varying percentages. The maximum levels of fuel surcharge for April 2021 will be increased to HK$0.4/kg for short-haul flights and HK$1.5/kg for long-haul flights respectively. Beginning from Rs. Avail 15% off at over 850 restaurants in India. With a whopping 3.3% reward rate, avail many cashback and fuel-saving benefits from this card. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road, But there are many banks that offer 0% surcharge. Yes, use your credit card like your debit card and you have to charge only what you can pay at the end of the month. Joining fee of Rs. Rs.1500 + Rs.37.5 + Rs.5.63 = Rs.1543.13. Yes World Debit Card. By making five transactions worth Rs 1,000 or more per month, get 1,000 bonus reward points. 500 that is waived upon spending Rs. 600 in a billing cycle. Consumers, petrol pump owners won't pay surcharge on card payments: Dharmendra Pradhan. The Signature Credit Card enables you to spend flexibly over and above the credit limit without any extra charges, especially if you are a Burgundy cardholder customer. 2,500, one can convert them into EMIs with a huge range of tenures and lower interest rates. As an IDFC FIRST Bank Visa Signature & Platinum Card holder, enjoy the freedom from paying 2.5% fuel surcharge across any petrol pump in India. Factors to keep in mind when you choose a credit card for fuel purchase. Let us help you take control of your credit goals and unlock the door to your financial freedom. We treat your data with the utmost confidentiality and will never share or sell it to anyone. Avail 10 reward points for every Rs. Posted by  Fintra Editor , December 15, 2020. Effective Feb. 1, 2021. Door No.3, Block B, No. How can I choose the ideal repayment tenure for personal loans? The cardholders will get 10% CashBack on Dining spends if they spend a minimum of Rs.10,000 on categories other than dining and entertainment within the billing cycle. The waiver will be given to each customer as per monthly limit of waiver on their debit cards at selected Petrol Pumps with Axis Bank Terminals (point of sale machines). Following are some of the highlights of Axis Bank Pride Platinum Credit Card: SC Ultimate is the most exclusive credit card that rewards its cardholders on fuel and travel spends, fine dining, and compliments their premium lifestyle with an attractive reward point value. Following are some of the highlights of the HSBC Visa Platinum Card: With BOB Financial Select Credit Card, you'll live life with 'Select' privileges. Neither the consumers, nor petrol pump owners will bear the burden of transaction surcharge on fuel purchases through debit or credit cards. Moreover, the maximum fuel surcharge waiver allowed in a year is Rs. They'll also get a maximum cashback of Rs. Their cards are always loaded with numerous rewards and exclusive lifestyle and travel benefits. 400 and Rs. Avail 0.5% of the card bill payment as cashback in the next statement. 3,000 across India Enjoy reversal of annual membership fee on spends worth Rs. Most big bank debit cards generally offer 1 per cent fuel surcharge waiver, on fuel refill. The reason ICICI bank is claiming is that Petrol Pump cashier swiped my debit Card on other Bank's swiping Machine, isn't that ridiculous. Get a 1% fuel surcharge waiver at any fuel stations in India on transactions between Rs. 1500 cashback. We help you avoid loan rejection by carefully determining your eligibility and matching you with the right lender/product. Fuel debit cards in one of them. With this credit card, one can get Rs. Even transactions processed using signature debit (often referred to as “running a card as credit”) are still debit and are therefore exempt from surcharging. The transaction charge on fuel purchase is called fuel surcharge. And taking advantage are the credit card companies as they are enticing customers by offering surcharge waiver on select or all petrol pumps in order to sustain the competitive and yet a very profitable market. Complimentary Personal Accidental Death Cover. Get one complimentary Golf Lesson every calendar month at selected golf courses in India. But there are many banks that offer 0% surcharge. For saving money on fuel bills, fuel credit cards … Complimentary access to more than 1000 airport lounges across the globe. 500 to Rs. I have provided a list of premium credit cards at the end of the article that provides a fuel surcharge waiver. Enjoy a foreign currency markup fee of 2% on all foreign currency transactions. As part of our efforts to make the end consumer services affordable and available at price points which are favourable to the customer, CreditMantri may receive fees / commissions from lenders. One of the premium credit cards offered by the HSBC Bank, it promises to provide a premium lifestyle and benefits. 8 Reward Points per INR 200 spent on all other categories. NEW DELHI: Several banks are still imposing the transaction fee on consumers paying by debit card for fuel despite a clear instruction from the government not to do so. Before going for a debit card for this, compare debit card offers across … Get medical insurance cover of Rs. Avail other regular card benefits such as cash advance, additional credit cards, global access, online convenience, 24x7 customer access through Phone Banking, and lots more. If the HSBC Visa Platinum Credit Card gets lost, by reporting and registering the loss to HSBC, the cardholder will have no liability for transactions done after filing the report. you don’t have to pay any fee at the time of application. New Delhi: Neither the consumers, nor petrol pump owners will bear the burden of transaction surcharge on fuel purchases through debit or credit cards. The earned cashback cap can be shared between dining and entertainment transactions. Get five reward points for every 100 spent on Departmental stores, Grocery, and Movies. UPS uses an index-based surcharge that is adjusted weekly. The yearly charge of these cards goes from zero to Rs.1,000 alongside a rate of interest going from 3.25% to 3.40% every month. Maximum refund per card, per day is up to Rs.400/- Minimum transaction value Rs.2,000/- The refund will only be reimbursed to the customer only if the monthly minimum payment is made. Avail Railway Surcharge Waiver for transactions on www.irctc.co.in and for transactions on Indian Railways Booking Counters. BPCL SBI Card. Waiver of 1% fuel surcharge is applicable on transactions between INR 400/- to INR 4000/- only.The waiver is applicable across all petrol pumps in India. 1% fuel surcharge waiver on fuel purchase of maximum Rs.4000 at HPCL petrol stations. 750 (waived off on spending Rs. With Kotak Delight Platinum Credit Card in your wallet, each of these activities along with various others will be even more delightful! 250 in a statement cycle. For example HDFC Bank Debit Card allows its customers to spend 0% on fuel surcharge on fuel purchases at government petrol stations. I use different credit cards for different purposes to save the maximum like I use Standard Chartered super value titanium credit card for fuel spends to get 5% cashback. Other benefits of this card include a 1% fuel surcharge waiver, which is relatively lower and no annual fee. Some benefits include getting an Amazon voucher worth Rs. 2,500 and above into EMIs of 6 to 12 months. Exception to the Case Fuel prices in India have sky rocketed and the cost also includes the 2.5% surcharge (transaction fee) charged across all the petrol pumps in India. 100 on categories like fuel, grocery, shopping, and many more. 1000, you will end up paying about Rs. Get 4 points on every transaction of Rs. However, as banks wanted to … Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders. Click here for more details. 150 spent along with maximum benefit with 1 reward point equal to Re 1. Diesel Fuel Index is updated every Monday at 4:00pm and will be effective the following Tuesday. 100 spent on travel, dining, and International spends. … One can avail eDGE points and redeem them later mainly for the fuel expenses. Rs.1500 + Rs.37.5 + Rs.5.63 = Rs.1543.13. How can I check my HDFC account balance by a missed call? Fuel Surcharge Waiver is applicable on transactions between Rs. Always spend wisely and don’t overspend because ultimately, it is you who have to pay for all the expenses. In this article, I have listed my favorite top 10 credit cards in India 2021 from beginner level to the super-premium category that suits your travel, online shopping, groceries, fuel, and for utility payments needs. You can avoid these additional charges on fuel can be by making cash payments. Established in 1964, Industrial Development Bank of India (IDBI) provides financial support to many needy entities. Airport lounge access and exclusive dining privileges add to its benefits. The 2.5% surcharge has its origins in the days when credit cards were in their infancy and debit cards non-existent. Cardholders can get 10% CashBack on Movies spends if they spend a minimum of Rs. Our dedicated and best-in-class customer service will go the extra mile (or two) to support you on every step of your credit journey. Cardholders may convert their purchases of Rs. We enable you to obtain your credit score instantly, online, real time. The surcharge will be based on the National U.S. Average On Highway Diesel Fuel Price as reported by the U.S. Energy Information Administration (EIA) for the week that is two weeks prior to the adjustment, rounded to the nearest cent.