What is fuel credit card in ICICI Bank?
ICICI Bank in association with Hindustan Petroleum has launched the ICICI Bank HPCL Coral Credit Card. The card lets you save up to 2.5% on fuel expenses and also rewards you with reward points on other eligible spends. Moreover, you can redeem the reward points for free fuel at any HPCL petrol pump.21-Jul-2022
What Is Fuel Surcharge Waiver On ICICI Credit Card? ICICI Credit Card holders can now enjoy a 2.5% fuel surcharge waiver on fuel purchases at HPCL gas stations. When the card is swiped on the ICICI Merchant Services swipe machines, a 2.5% fuel surcharge waiver is available on fuel purchases at HPCL petrol pumps.10-Jun-2022
What is fuel surcharge waiver on Icici credit card?
With the ICICI Bank Platinum Credit Card, you will enjoy a 2.5% surcharge waiver when you purchase fuel for a maximum of Rs. 4000 at any HPCL petrol pump. For every hundred rupees that you spend on anything except fuel, you will earn 2 PAYBACK points.
Best Fuel Credit Cards In India 2022
Do fuel cards charge a fee?
Some fuel cards like AllStar come with various hidden fees that will all add up to extra costs for your business. From annual charges, network service fees to replacement card fees. Fuel cards can really rack up your business costs with every usage. That's why at fuelGenie, we have no fees for normal business use.
Put simply, fuel cards make the purchasing of fuel much easier. A fuelcard is an alternative payment solution that businesses give to their drivers, exclusively for purchasing fuel and motoring expenses. Unlike a credit card, there is no interest charged on payments.14-Mar-2022
Which fuel card is best?
NerdWallet's Best Gas Credit Cards of December 2022
Wherever you operate, the Voyager fuel card has you covered. Maximize savings with your choice of nearly all major gas station and truck stop brands in the U.S., including independent stations. And no transaction fees when you use the card.
Can I use a fuel card for personal use?
However, fuel cards can't be used for personal petrol or diesel purposes, so don't try and make an application if that's your intention. As long as you're planning on using a fuel card only to keep your business vehicles running, then you'll meet the criteria to apply for and use them.
This is where knowing your fuel mileage comes in. Once you know the fuel mileage, then the fuel surcharge is simply $1.00 per gallon divided by your truck's miles per gallon. If your truck gets five mpg, then the fuel surcharge would be $1.00 / 5 mpg = $0.20 per gallon or 20 cents per gallon.
What is a 100% fuel surcharge?
Thus, when the carrier mentions a 100 fuel surcharge, what they're talking about is that the entirety of the surcharge should be allocated to the driver. In other words, the driver or carrier gets the full amount of the surcharge that's collected.06-Nov-2019
Here, we detail five steps shippers can take — with the help of their 3PL — to navigate the effects of rising fuel surcharges.
Are fuel cards a good idea?
This is surely one of the best bits of taking to fuel cards. Yes, these cards usually assure handy discounts that will reward you with a slashed price in certain gas stations. Most of the times, you can save as much as 5% on the fuel cost which is quite a bit when you have to high gasoline prices.17-Feb-2017
Yes! Fuel cards get you savings at the pump. This can be between two-three pence a litre, although the rate can vary. If you have a fleet of cars, vans, electric vehicles or HGVS, this provides massive savings on a long-term basis.
Are fuel cards good?
Yes, it's worth having a fuel card. They save you time and money by automatically recording fuel expenses and giving you access to discounted fuels.
How to choose a fuel card
Is it better to use a fuel card or credit card?
Money Savings While most credit card providers offer some form of rewards program, these perks are rarely significant enough to lead to major cost reductions. On the other hand, using fuel cards allows your drivers to access fuel discounts at major truck stops and gas stations.29-Jul-2022
In most cases, all it takes is to send a letter requesting the cancellation of the contract. But note that depending on card providers, it's necessary to observe an advance notice period.
Do fuel cards have a limit?
Your account limit is the maximum amount of spend you have for fuel each credit period irrespective of the number of cards you have. You will not be able to exceed this credit limit. If your credit limit is reached you will not be able to make further payments with your cards.
While some fuel cards, like fuelGenie, charge no annual fees, others do, increasing the cost of participating for companies and impacting the bottom line. To get the maximum benefits of using fuel cards, be sure to choose a fuel card with no annual charges to pay.
How do I pay with my fuel card?
Here is a step-by-step guide to using a fuel card; Arrive at a fuel station included on the fuel card network. Fill up your vehicle with the amount of fuel required. Present your fuel card to the petrol station cashier.
What is fuel credit card in ICICI Bank?