All You Need to Know: Saving on Fuel Surcharges with One Credit Card

Credit cards simplify purchases and payments and also provide attractive discounts on shopping, dining, and even fuel. But if you often buy fuel with your credit card, the extra charges can feel like a burden. In this case, the ‘fuel surcharge waiver’ becomes really helpful. 

It’s a feature that many issuers offer to help you save money on fuel. Know what a fuel surcharge is and how it works to have a better understanding of the waiver. Also, learn about the One Credit Card fuel surcharge and the offers related to it before applying for the card.

Fuel Surcharge on Credit Cards

A fuel surcharge on a credit card is an extra fee that credit card companies add when you buy fuel. This fee is usually a small percentage of the amount you spend on fuel or sometimes a fixed amount. 

In India, fuel surcharges on credit cards are calculated as a percentage of the amount you spend on fuel. It helps the credit card company cover the costs of processing fuel transactions. The exact rate depends on the issuer. 

Understanding this helps you grasp what a fuel surcharge waiver is, which is a benefit that removes this extra fee.

For example, suppose you are buying fuel for ₹1000, and the surcharge is 2.5%, so:

• Transaction Amount: ₹1000
• Fuel Surcharge Percentage: 2.5%
• The Calculation: ₹1000*0.025
• Fuel Surcharge on This Transaction: ₹25

How to Avoid a Fuel Surcharge?

Though fuel surcharges are common, you can reduce or avoid them by:

• Using credit cards with fuel surcharge waivers works well for people who spend not only on fuel but on other purchases as well
• Choosing a card that allows for maximum savings with benefits like cashback or reward points on fuel purchases; this is best for people who commute or travel frequently, and fuel is their primary expense

What is a Fuel Surcharge Waiver on a Credit Card?

A fuel surcharge waiver is a benefit offered by some credit cards. The notable points that make the waiver appealing are:

• It removes the extra fee added to fuel purchases
• This fee normally ranges from 1% to 2.5% of the amount spent on fuel
• You don’t pay any other cost related to fuel

The other things to keep in mind are:

• Different credit cards offer different waiver amounts

• Fuel-specific credit cards offer waivers on specific oil pumps, so go for the one whose oil pump is near your residence
• It’s good to compare options to find one that will suit your spending habits

What is a One Credit Card Fuel Surcharge Waiver?

The One Credit Card offers a 100% fuel surcharge waiver, excluding GST, up to ₹400 per month.

What is a Fuel Surcharge Waiver Cap?

Earlier, there was no limit on waiver for fuel surcharges. But, with the new update, the waiver will be capped at ₹400 per customer each month. This means the most you can save in a month is ₹400.

For example, if the fuel surcharge is 1%:

• Spending ₹45,000 on fuel will have a 1% surcharge, which is ₹450
• With the new cap, you’ll only get ₹400 waived, not the complete ₹450.

Benefits of One Credit Card

To fully benefit from diesel and petrol surcharge waivers and other rewards offered by the One Credit Card, try these tips:

• Get Insights

This feature provides a detailed look at your spending, helping you manage your financial strategy. With the ‘Insight’ feature, you can:

• See a visual breakdown of your spending
• View a category-wise analysis of your expenses
• Get insights into spending at specific brands and merchants
• Filter your spending by month

• Reward Points

Earn 2% reward points on every purchase. You can redeem rewards at 10% value. For example, 1000 points can give you ₹100 cashback or be used for recent transactions. You will earn the reward points automatically for each purchase. The 5X reward point offer will help you save more money. 

• Additional Features

You can set a budget to control your spending habits and get an alert when exceeding the budget. With the ‘OneStore’ feature, you can buy gift cards from luxury brands. With the virtual card, you don’t need to use a physical card during online shopping. 

A fuel surcharge waiver on credit cards can save you money if you pick the right card and use it smartly. It’s all about lowering your fuel expenses and making additional savings. Many, many people opt for fuel credit cards, but it won’t be helpful if your expenses lie in different areas. In that case, you can go for a credit card with versatile offers. 

Consider using the One Credit Card to get a 1% fuel surcharge waiver along with exclusive deals on fuel purchases. With this card, you can earn 5X reward points on your top two spending categories every month. If fuel becomes one of the top two spends, you’ll not only get 5X reward points on it but also get the fuel surcharge waiver. 
The One Credit Card fuel surcharge waiver is available at most fuel pumps in India. Also, the OneCard App will make it easy to pay while purchasing fuel. Apply online today with zero joining fees credit card!