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Time Business News
3 days ago
- Automotive
- Time Business News
Maximize Savings with the Best Fuel Credit Cards
Every time you fill your tank, a hidden charge often goes unnoticed — the fuel surcharge. While it may seem minor, over time, it adds up significantly. Fortunately, the right credit card can help you save on this recurring expense. If you're looking to cut down on your fuel costs, opting for the best fuel credit card can be a smart financial move. In this blog, we'll explore how fuel surcharge waivers work, how to take advantage of them, and why certain credit cards stand out in offering these benefits. When you use a credit card to purchase fuel, petrol pumps typically add a fuel surcharge — usually around 1% of the transaction amount. A fuel surcharge waiver is a feature offered by certain credit cards that reimburses this extra charge, helping you save on every refuel. With the right best fuel credit card, you could save up to INR3,000 annually just by using your card at the pump. That's money that would otherwise go unnoticed and untapped. Brands offer a fuel surcharge waiver on eligible credit cards, helping cardholders save whenever they pay for fuel. For example, the waiver applies to purchases between INR400 and INR4,000 per transaction. If your transaction falls within this range, the 1% surcharge will be refunded to your account in the following statement cycle. Only existing cardholders of the eligible credit cards mentioned above can enjoy the fuel surcharge waiver. To make the most of this feature, ensure that one fulfills the general criteria listed below: Your fuel transactions are between INR400 and INR4,000. Your credit card account is in good standing (i.e., not delinquent, over-limit, or closed). You use petrol pumps with Electronic Draft Capture (EDC) machines. Understanding the terms and limitations is key when using a fuel credit card: Transactions below INR400 or above INR4,000 are not eligible for the waiver. Service Tax and Goods and Services Tax (GST) on fuel transactions will not be reversed. While the surcharge is refunded, you won't earn reward points on fuel purchases. The refund appears in your next statement cycle, not immediately after the transaction. Even though there are a few exclusions, the savings from eligible transactions can be substantial, especially for regular drivers. Choosing the best fuel credit card goes beyond just getting a waiver. The ideal card should offer: Low or competitive credit card interest rates Transparent billing and transaction processing Easy access to account summaries and statements No hidden charges or surprise deductions Fuel cards are particularly beneficial for individuals who travel frequently for work or leisure, families with multiple vehicles, and anyone who commutes daily. Over time, the savings stack up, leading to better monthly budgeting and improved financial discipline. Here are a few simple tips to make the most of your fuel credit card: Refuel Smartly – Ensure your fuel purchase amount stays within the eligible transaction range. Track Limits – Be mindful of the INR250 monthly waiver cap if you're using a Visa Platinum or RuPay Platinum card. Avoid Over-Spending – Don't overshoot INR4,000 per transaction to remain eligible. Stay Updated – Keep an eye on your credit card statements to confirm surcharge refunds. Maintain Good Credit – Regular payments ensure you continue enjoying waiver benefits without interruption. Fuel expenses are a regular part of life, but they don't have to drain your wallet. By opting for the best fuel credit card, you can enjoy cashback-like benefits, reduce monthly outflows, and simplify your spending. While you should always consider the credit card interest rates and fee structures before choosing a card, the surcharge waiver alone makes credit cards an excellent option for frequent drivers. TIME BUSINESS NEWS
Economic Times
14-05-2025
- Automotive
- Economic Times
Tata's EV business loses market share but drives INR100 crore profit in FY25
In a paradox that few would have predicted, Tata Passenger Electric Mobility (TPEM) has turned Ebitda (earnings before interest, taxes, depreciation and amortisation) positive for the first time in FY25 — even as its stranglehold over India's electric vehicle (EV) market weakened significantly. The company reported a profit before tax (PBT) and exceptional items of INR100 crore, reversing a loss of INR400 crore in FY24. The Ebitda turnaround was
Time of India
14-05-2025
- Automotive
- Time of India
Tata's EV business loses market share but drives INR100 crore profit in FY25
In a paradox that few would have predicted, Tata Passenger Electric Mobility (TPEM) has turned Ebitda (earnings before interest, taxes, depreciation and amortisation) positive for the first time in FY25 — even as its stranglehold over India's electric vehicle (EV) market weakened significantly. The company reported a profit before tax (PBT) and exceptional items of INR100 crore, reversing a loss of INR400 crore in FY24. The Ebitda turnaround was
