HDFC Bank has a wide range of credit cards and if you’re looking to save money on your fuel refilling, Bharat Credit Card will be best for you. This is a cashback credit card and helps you save money on every credit card transaction. But to get this advantage you need to meet certain conditions. Well, it is not that difficult, you just need to spend a specific amount from your credit card on each transaction to earn cashback points. The more you earn, the more benefit you will get later. You should know that each point is equal to one rupee. So, read this page and learn about this one of the Best Credit Cards for Fuel in India.
What Does a Bharat Credit Card HDFC Offers?
Let’s learn about the fuel benefits of this HDFC Credit Card :
Cashback on Fuel Refilling
If you use this HDFC Card for fuel refilling, you will get up to 5% monthly cashback. You can check the accumulation of cashback points by logging in to your account. Select your card from the credit cards section and see how much cash back you have earned. Without the HDFC Credit Card, you won’t be getting this benefit on fuel purchases.
Fuel Surcharge Waiver
When you use a credit card for fuel purchases, a surcharge applies. You must have seen a fuel surcharge benefit on credit cards. Well, this helps you save this additional payment. For instance, if you use Bharat Credit Card for INR 1,000 fuel purchase, an INR 28 additional charge will apply. In this, INR 25 is a surcharge and the rest is GST.
HDFC provides a 1% fuel surcharge waiver, so if you use the card for fuel purchases, the charge will not be that high. Using this, you can save up to INR 250 every billing cycle.
Note – The surcharge benefit will apply if you use your credit card for a fuel purchase of INR 400 and more.
Maximum cashback per month in this category is subject to INR 150. This includes using credit cards for grocery and bill payments.
Interest-free Period of 50 Months for the HDFC Cardholders
When you purchase this card, a 50-day interest-free period will apply. It means every credit card transaction made during this period will be free from interest. So, even if you don’t pay the bills next month, it won’t acquire any interest. But for a good record of bill payment on your credit report, you should pay the bills on time.
Well, it is just a benefit offered to the cardholder, so they can shop with their Bharat Credit Card without any worry of interest charges.
Am I Eligible for this Best Fuel Credit Card?
The criteria for this credit card are not that high to reach, if you meet the following requirements of HDFC Bank, your card request will be approved without any hassle.
Your age should be between the following –
21 and 60 years
For an applicant who doesn’t meet the eligibility criteria first step of age, the request will be denied. Why is it necessary? The age of the cardholder determines how much he/she is capable of paying the bills on time. Younger applicants are more likely to get job offers, so there is no worry in terms of payment. Whereas, older applicants who are near the age of their retirement don’t have any source of income once they lose their job. So, ensure you meet the age criteria of HDFC Bank.
Salaried and self-employed both can get this HDFC Credit Card. But there is an income requirement that they have to meet –
- Salaried – INR 12,000 minimum monthly income
- Self-employed – INR 2 Lakh per annum income
Based on that, your credit limit will be determined.
So, get the benefit of this HDFC Credit Card and pay for fuel and other daily expenses using this best fuel card.