As Petrol Prices, Diesel Prices Surge, These Bank Credit Cards Help You Save Money

As petrol, diesel still sell at exorbitantly high levels, the fuel consumers have barely anything to look forward to, besides the marginal price cuts. However, there are some credit cards offered by Citi Bank, State Bank of India (SBI), ICICI Bank and Standard Chartered Bank that enable you to save significant amount of money (despite petrol price hike) in form of fee waivers and points that can be used to buy fuel later on. The way of functioning of these cards is broadly the same. As a customer uses the credit card at a fuel station, s/he is entitled to receive some "points" which are directly proportional to the quantum of money you spend at the fuel pump. The more you spend, the more points you will stand to earn, which can be utilised in buying the fuel at the fuel pumps. There is, however, some catch to it. One is that these cards have an annual membership fee, while another is that the points are credited only when the card is swiped on the respective bank's EDC (electronic data capture). Citi bank Indian oil card Features: Save Upto Rs 4,800 worth fuel 1. By using the Citibank oil card, one can earn turbo points on fuel purchases at authorised Indian Oil retail outlets across the country. On every purchase of Rs 150, the customer is entitled to receive four turbo points, mentions citibank's website: www.online.citibank.co.in. 2. One turbo point gives you Re 1 of free fuel. 3. Annual fee of Rs 1,000 is applicable at the end of the membership year, which can be waived if you spend at least Rs 30,000 per annum on your card. table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; width: 320px; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Spend Category Turbo Points earned per Rs.150 Quarterly Spends Turbo Points earned Savings of 1% on fuel surcharge (Rs.) (estimated average) (1 Turbo pt = 1Rs.) Fuel* 4X Rs.18,000 480 Rs.180 Groceries and Supermarkets# 2X Rs.15,000 200 N/A All other spends 1 Rs.52,000 347 N/A Quarterly total (a) N/A Rs.85,000 1,027 Rs.180 Yearly earnings [4x(a)] N/A Rs.3,40,000 4,107 Rs.720 Total earnings Rs.4827 Yearly Free Fuel earnings (Total earnings /price of 1ltr petrol) .BPCL SBI (State Bank of India) Card: Save Upto Rs 5,350 Worth Fuel .ICICI Bank HPCL Coral American Express Credit Card Features.ICICI Bank.Standard Chartered Super Value Titanium Card Features.Standard Chartered Bank

As Petrol Prices, Diesel Prices Surge, These Bank Credit Cards Help You Save Money

For every Rs 150 purchase with Citi card, one can earn 4 turbo points One turbo point gives you Re 1 worth of fuel Citi Bank enables full waiver of fuel surchage

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