Saving on Fuel spends is one of the toughest thing to accomplish for quite sometime. This is because Fuel business runs on low margin and hence Credit card companies cannot provide offers beyond a certain limit, say 2% or so. In-fact, most of the credit cards these days donot provide Reward points on Fuel spends as they already bear the 2.5% Fuel surcharge Waiver.
However, the trend is changing in recent times, American Express recently came up with an amazing 3% Cashback on Fuel txns capped upto spends of Rs.1,50,000, as a temporary promo. Now HDFC is changing the entire game by shelling out huge promo with their 5X Rewards at BPCL Fuel stations. Details of the promo:
Get 5X Reward Points at BPCL on HDFC Bank Credit Cards:
- Get 5X Reward Points at BPCL
- Reward Points on swiping on HDFC Bank POS terminals Only
- Valid 1 Oct- 31 March 2017
- Reward Points will be posted after 90 days of the transaction Month
As you can see its a cool offer except one thing that waiting for 90+ days is so long, i tend to forget these reward points by that time. This is one of the trick that some companies play with. They simply don’t credit it unless you ask. It happens to me with SBI/Goibibo promo with which i was said to be provided with cashback within some 60 days or so but i never received.
Later, i had to open a complaint for the cashback to happen. We can trust Amex on such offers blindly, but not HDFC. So beware! Better set a reminder to monitor the same. 😀
Here’s How you can Save 16.5% on Fuel Spends:
The 5X Rewards is a massive offer especially for premium HDFC Credit card holders like Infinia or Diners Black as you can save whooping 16.5% (3.3% usual) via Reward Points on fuel spends at BPCL. Lets see how much you can earn on major HDFC cards. Click on the links below to see usual reward rate on other spends.
- HDFC Infinia: 16.5%
- HDFC Diners Black: 16.5%
- HDFC Diners Premium: 10%
- HDFC Regalia: 8%
- HDFC Regalia First: 5%
- HDFC Allmiles: 2.5%
Spending 1 Lakh on Fuel and getting Rs.16,500 back even as Reward points is still a cool thing. Isnt it? 🙂 So this is one of the reason to always opt for Top tier cards with any bank.
I’m gonna swipe my Diners Black for all fuel in coming days to see how things turn out. On top of that you can earn additional 1000 Reward Points (likely) by spending on weekends 2X Rewards on Weekends. Here 2X means, twice the usual reward rate, though i’m unsure how HDFC deals with this case.
How about you? Are you gonna make use of this 5X Reward points offer or stay with 3% Amex Direct Cashback offer on Fuel? Feel free to share your thoughts in comments below.