[Aroy]

I use AMEX at Indian Oil outlets and that gets me a 3% cashback. After adjusting for card charges it is around 1% cashback

[Enigmatic]

Originally Posted by Aroy

I use AMEX at Indian Oil outlets and that gets me a 3% cashback. After adjusting for card charges it is around 1% cashback

There is an ongoing offer of 3% cashback in addition to surcharge waiver at HP outlets on Amex cards.

FYI, offer is only valid till February 28, 2017 and you will need to enrol for it:

https://offerenroll.americanexpress....&om_rid=AAAAAA

Best,
Enigmatic

[Rennjit]

Hi, you guys getting the 0.75% cash back ? I'm getting nothing for past 2 months for using icici debit cards at Hp bunks, who has formers swipe machines. Mailed icici customer care & they goofily say to contact the merchant, ie., HP (or is it the bunks?) in this case. I don't trust icici on this. What do I do? Can any one please suggest. TIA.

[mjumrani]

I stopped using credit or debit cards directly to pay for fuel because of the limits the bankers are putting.

1) SBI says 1% surcharge on fuel usage but it is rolled back if the fuel bill is 500/- to 3000/- but that roll back is limited to 100/- a month.

2) ICICI says no surcharge (2.5%) if fuel bill per time is not more than 3000/- but that surcharge reversal is also limited to 100/- a month and the card has to be used at only HP and on a ICICI machine.

One thing i noticed at multiple HP fuel stations is that they keep the ICICI machine far away and only when you say i want ICICI machine they turn it on and then swipe. The whole process takes at-least 10 minutes.

I started using paytm to pay for fuel at the HP fuel stations. No surcharge by bankers and cash back (0.75%) is instant. I don't keep anything more than 100/- in paytm, the moment the car is filled i add the bill amount to paytm and pay off. It takes me less than 2 minutes to do so.

[condor]

Originally Posted by mjumrani

I stopped using credit or debit cards directly to pay for fuel because of the limits the bankers are putting.

Get a card with sufficient reversal limits. Regular cards have lower limit, but there are many others with sufficient limit.

Also, the minimum purchase limit for the waiver being applicable should be fine most of the time - unless one is filling less than 4.5 litres.

[mjumrani]

Originally Posted by condor

Get a card with sufficient reversal limits. Regular cards have lower limit, but there are many others with sufficient limit.

Why pay premium for those specific cards. Paying yearly charges for credit or debit card seems pointless to me. I have SBI, Standard Chartered top of the line cards given by them for free but still those cards have limits specifically for fuel. Paytm works like charm and I always use HP fuel.

[condor]

Originally Posted by mjumrani

Why pay premium for those specific cards. Paying yearly charges for credit or debit card seems pointless to me. I have SBI, ....

I have a SBI card too. Not paid, yet I get sufficient surcharge waiver.

[rkg]

Originally Posted by mjumrani

Why pay premium for those specific cards. Paying yearly charges for credit or debit card seems pointless to me. I have SBI, Standard Chartered top of the line cards given by them for free but still those cards have limits specifically for fuel. Paytm works like charm and I always use HP fuel.

Iam using Standard Chartered Super Value Titanium card for the past 4 years. It completely waives fuel surcharge and in addition gives a cash back of 2.5%. Total cash back including fuel surcharge waiver is limited to Rs 200/ PM. Which means a person can fill fuel worth Rs 4000/PM and get Rs 100/ as cash back without any fuel surcharge. Now stan chart sent an SMS stating fuel surcharge waiver will be 1%( as per GOI latest orders, Fuel surcharge is capped at 1%) and 4% cash back. Total per month will be Rs 200/-
Not paid any annual fee on this card in the past three years.

HDFC will also waive fuel surcharge but service tax is levied. Fuel surcharge waiver is limited to Rs 500/- pm for Regalia card, which offered to me as lifetime free card

Amex gives full fuel surcharge waiver + 3% cash back at HP fuel pumps till 30th September, 2017, again a lifetime free card

Iam regularly getting the 0.75% cash back from Bank

[vsun]

It looks like banks are slowly going away form fuel surcharge waiving. Got this message from Axis bank.

[shipnil]

Are the charges still waived off when one pays for fuel using debit card?

[roby_dk]

I have HDFC jet privilege titanium credit card and Manhattan from Standard Chartered bank. Which one should be used at fuel bunks I assume both will have the surcharge waivers.

[sagarpadaki]

Fuel surcharge is not applied only if the POS machine where you swipe is from the same bank as your credit/debit card. Else the onus is on the bank which issued the POS machine to reverse the charges made on your card. This is usually fast in case of private sector banks(1 month approx) and slow in case of public sector banks. One of my fuel transactions from my HDFC card on a SBI POS machine got a 90 rupees surcharge . This was around 5 months ago. The amount is still not reverted back to my account. Sorry state of affairs. These days i frequently pay via PayTM at the nearby pumps which accept it and get a cashback sometimes

[Highh5]

Originally Posted by RaghuVis

Maybe they might be charging for me as well but being a corporate card, it is being absorbed by my bank.

Check your statement.Messages shows up the amount you swiped, not the actual charged one.

Originally Posted by AutoNoob

This is one of the examples how sometimes Google misleads.

These charges are usually called Fuel Surcharge and are not levied by RBI; infact RBI and pump owner doesn't come into picture at all. These charges are levied by your card issuing bank as per the term and conditions that you signed on while applying for the card (usually 1-2%). These charges are not new and vary from bank to bank and card to card.

I have two cards, one which provides waiver for Fuel Surcharge and other doesn't. So, you can guess which card I use for getting fuel. Also, even in case Fuel Surcharge is waived, it usually works like this :

Card which I use give me full surcharge waiver of 2.5%(Citibank Platinum Rewards Card) on all IOC pumps.

Check below article, which states banks will start charging 1% extra on all transactions done by credit card and from .25% to 1% for debut cards.

link to article

Another link which I used for reference is from quora.

link

So as per me, this is separate 1 % amount besides surcharge amount. If it is the scenario, for every Rs 1000 I was charged 1010 which exactly makes up for the 1% extra amount. All the promotions and awareness for digital transaction went for a toss, due to a standoff between banks(RBI) and government.

Effectively, since we get .75% from the government as a credit amount. We end up paying .25% extra.
So for the amount of Rs 1000 payment done by credit card, I end up paying:
Rs. 1000 + Rs 10 (1% by banks) - Rs 7.5 (.75% discount by government) = Rs 1002.5 (.25 % extra)

P.S: Above calculations are done keeping in mind that your card provides you surcharge waiver facility i.e 2.5% of the amount swiped.

[saket77]

In the latest move, Oil companies have now informed the petrol pump operators that the discount of 0.75% in effect since 13th Dec 2016 has been cut to 0.25% for those using plastic money to buy petrol and diesel w.e.f 01st Aug 2018. This discount was given by way of cashback, which was credited to the buyer’s account within three days of the transaction.

The 0.75 per cent discount on payments made using either credit/debit cards, e-wallets or mobile wallets translated into a rebate of 57 paisa a litre on petrol and 50 paisa on diesel. The discount is now reduced to about 19 paisa on petrol and 17 paisa on diesel.

Source: https://www.financialexpress.com/mon...-card/1267331/

[sdp1975]

I paid for fuel about a week ago using my card and I got .75% cashback. Has the cashback really been cut down to .25% ? How much have others been getting back after Aug 1 ?