A credit card is a financial instrument that offers you access to a line of credit for purchasing goods and services. These are provided by financial institutions, including NBFCs, to eligible candidates and have become an important part of the Indian economy. Currently, credit cards are one of the most preferred modes of short-term, unsecured financing options available in India.
There are several reasons why credit cards have gained so much popularity in recent years. They offer unmatched convenience as well as robust security to a cardholder. You can also benefit from several add-on features and benefits offered by card companies that can help you save money.
There are several types of credit cards available in the market for your unique financial requirements. These include travel card, EMI card, and fuel card. These offer extra perks for a particular type of expense, for example, the best credit card for fuel offer additional benefits that lower your expenditure on petrol and diesel.
What is a fuel card?
Fuel cards are one of the most popular types of credit card that offer additional benefits on the purchase of fuel. It is ideal for commuters who use their private vehicles to commute to work, as it can help save a significant amount from the high fuel prices.
Bajaj Finserv RBL Bank SuperCard is considered as one of the best fuel credit cards in India because of the host of features and benefits it has to offer. Moreover, it can also help you save a significant sum of money on other purchases as well.
Let’s take a look at why it is considered as one of the best credit cards for fuel in India.
- Surcharge waiver – Petrol pumps often levy a hefty surcharge as a transaction fee whenever you purchase fuel using a credit card. SuperCard offer surcharge waiver that reduces the total amount by a significant percentage. It helps you pay less and save money on every transaction you make at an associated petrol pump.
- Reward points – you can earn a hefty sum of reward points if you shop from the fuel stations partnered with your financial institution. Such additional reward points besides the surcharge waiver or cash back allow you to accumulate and redeem them to pay for everyday commodities.
You can earn up to 20,000 reward points as a welcome gift whenever you apply for a credit card from Bajaj Finserv. It allows you to create a strong base to start collecting points to redeem later. You can also earn up to 2 reward points for every online and in-store purchase you make with this credit card.
They also provide pre-approved offers on credit cards along with several other financial products that make the process of availing a credit quick and easy. These offers are available on unsecured credits like personal loans and business loans, secured credits like home loans, etc. You can check your pre-approved offer by sharing only your name and contact details online.
- Cashback – You can enjoy cashback on certain transactions from stores that tie-up with the financial institution, and get the amount refunded to your credit limit. It is a great way of saving money as the cumulative amount can offset the total cost of fuel you need to purchase.
How to apply?
You can apply for a credit card both offline and online with minimum hassle and time required to complete the process. Go to the application page of the product, and check whether you meet the eligibility criteria or not. You should also check the list of documents required to verify and process the credit card application.
You can fill the online application form and submit it along with a copy of the necessary documents to continue with the process. Upon confirmation, you will receive notification in the email or phone number, and your fuel credit card will be sent to you via post.