Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 20th January 2017, 06:50   #91
BHPian
 
MDED's Avatar
 
Join Date: Feb 2016
Location: TN07/BR
Posts: 218
Thanked: 359 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I am using Citi Bank Indian Oil Credit Card and at Indian Oil COCO outlets whenever I have swiped card I have received the incentive. Probably using your card at COCO will get you the incentive quickly.
MDED is offline   Reply With Quote
Old 20th January 2017, 10:24   #92
BHPian
 
drive2eternity's Avatar
 
Join Date: Jun 2015
Location: Bangalore
Posts: 264
Thanked: 860 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I used my HDFC Platinum Credit Card to refuel from a Shell outlet.
I basically recharge the Shell Card with my Credit Card and then swipe my Shell Card for payments. So here is the sequence of events:

1. Credit Card swiped for 3000/- . Amount seen in statement = 3086/-
2. Cash Back received is 75/- This translates to 2.5%. I do not know HOW?
3. Shell Card loaded with 3000/-.
4. Shell Card swiped for 2720/-.
5. Cask Back received is 13.6/- This translates to 0.5%.

So, in total Rs 88.6/- was returned but Rs 86/- was charged as surcharge. Overall gain of 2 rupees and 60 paise !

However, I am not sure what has changed that HDFC started giving me such a cash back. Maybe next time, I should include PayTm somewhere in the transaction and get even more benefits. (Greedy Me)

Last edited by drive2eternity : 20th January 2017 at 10:32.
drive2eternity is offline   Reply With Quote
Old 20th January 2017, 12:01   #93
BHPian
 
Born 2 Be Wild's Avatar
 
Join Date: Apr 2008
Location: DILLI
Posts: 384
Thanked: 153 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

Quote:
Originally Posted by deehunk View Post
when I asked for cash against swiping of Card as directed by GOI, my request was rejected. I could see big bundles of Rs.100 stacked in front of me.
You are absolutely right with your observation.
The govt launched this scheme to project a very customer centric view in front of the media and basically it was good pr for them. Now comes the catch to it for this scheme banks were instructed to install new edc terminals meant solely for 2000/- rs swipes in lieu of cash,eod settlements going to respective merchant accounts next day via neft.

What happened however was that all swipes made and all batches settled funds werent transfered to respective accounts in tottality. in some cases there were batch mismatches in total settlement. This led to most dealers not all whoever faced issues with getting the amounts credited to them they stopped swiping on the machines and refused customers since the money they were handing out wasnt coming back.

Wouldnt know about all dealers however in my case i operated the machine for 6 days and in total, i am still awaiting the amount for the entire 6 days! The banks have goofed up big time during that period and getting our working capital stuck is a major hindrance for any merchant. Hope this clears your doubt
Born 2 Be Wild is offline   Reply With Quote
Old 20th January 2017, 17:07   #94
BHPian
 
Join Date: Jun 2014
Location: Bangalore
Posts: 390
Thanked: 386 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I have been getting the discount back in my credit card, for 3000 bucks you get 22.50 back, though not huge but still a nice gesture.
AtheK is offline   Reply With Quote
Old 20th January 2017, 17:13   #95
BHPian
 
Join Date: Oct 2010
Location: Chennai
Posts: 207
Thanked: 137 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I am using ICICI Bank credit card and am receiving the 0.75% credit for all transactions even if it is below Rs.2,000/-. The refund probably depends on the servicing bank.
thesilentone is offline   Reply With Quote
Old 20th January 2017, 18:44   #96
rkg
Senior - BHPian
 
Join Date: Apr 2005
Location: bangalore
Posts: 1,041
Thanked: 543 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

Quote:
Originally Posted by drive2eternity View Post
I used my HDFC Platinum Credit Card to refuel from a Shell outlet.
I basically recharge the Shell Card with my Credit Card and then swipe my Shell Card for payments. So here is the sequence of events:

1. Credit Card swiped for 3000/- . Amount seen in statement = 3086/-
2. Cash Back received is 75/- This translates to 2.5%. I do not know HOW?
3. Shell Card loaded with 3000/-.
4. Shell Card swiped for 2720/-.
5. Cask Back received is 13.6/- This translates to 0.5%.

So, in total Rs 88.6/- was returned but Rs 86/- was charged as surcharge. Overall gain of 2 rupees and 60 paise !

However, I am not sure what has changed that HDFC started giving me such a cash back. Maybe next time, I should include PayTm somewhere in the transaction and get even more benefits. (Greedy Me)
cashback you got from bank is basically fuel surcharge reversal. not actual cash back. why the difference between charged and reversed?
because service tax@15% on fuel surcharge is not reversible as per HDFC.
3000 X 2.5%= 75 fuel surcharge
ST @15% on surcharge of 75= 11.25
Total charged is 3000+75+11= 3086. reversed is only 75.
You can directly swipe that card instead of loading on to shell card.
rkg is offline   Reply With Quote
Old 21st January 2017, 08:51   #97
Newbie
 
Join Date: May 2014
Location: Kharagpur
Posts: 4
Thanked: 3 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I have'nt received the promised discount - though topped up three times since Jan.
Saurabh Lahiri is offline   Reply With Quote
Old 21st January 2017, 09:12   #98
BANNED
 
Join Date: Jan 2017
Location: Pune
Posts: 39
Thanked: 55 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

Quote:
Originally Posted by Ramon View Post
Is there anybody who got the 0.75% Cash Back from SBI Credit Card?
I have received it several times on my SBI card.

Quote:
Originally Posted by condor View Post
It is not card specific - it is Fuel company specific :
Yes, Sanjay. Only with PSU bunks. Shell, Reliance, Essar, would not figure in this scheme.
Is it? I was not aware of this but as such other than Shell rest two are anyways in negligible nos.
//M6 is offline   Reply With Quote
Old 22nd January 2017, 13:21   #99
BHPian
 
Join Date: Dec 2010
Location: Delhi,Allahabad
Posts: 293
Thanked: 213 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

Quote:
Originally Posted by rkg View Post
cashback you got from bank is basically fuel surcharge reversal.
because service tax@15% on fuel surcharge is not reversible as per HDFC.
3000 X 2.5%= 75 fuel surcharge
I am using a Stan Chart Titanium Cash Back Card that provides for reversal of 2.5% surcharge AND Service taxes charged as well. Verified from statements that BOTH are reversed.

Ser Tax is NOT reversed in case of SBI cards (using a VISA Elite)

Have been receiving cashback of the .75% discount (presumed from the petty amounts of Rs 5.XX or so Credits recd a few days after the actual transactions of Rs 7XX (petrol in the Nano in Delhi)
lifebuoy is offline   Reply With Quote
Old 22nd January 2017, 17:01   #100
BHPian
 
tatsago's Avatar
 
Join Date: Jun 2006
Location: Pune
Posts: 88
Thanked: 24 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

Quote:
Originally Posted by sanjaykk View Post
The 0.75% discount is only for PSU petrol bunks, right? Shell etc. don't come under the purview of this discount, isn't it?
I got the 0.75% cash back when I filled up at Shell with my Axis Bank Card.
tatsago is offline   (1) Thanks Reply With Quote
Old 23rd January 2017, 10:47   #101
BHPian
 
Join Date: May 2014
Location: Pune
Posts: 46
Thanked: 14 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

So far I've got rs 15/- and rs 1.8/- as cash back on my Citi debit card.
I used to give cash for filling Petrol in my Aviator, but not any more.
INJAXN is offline   Reply With Quote
Old 23rd January 2017, 11:58   #102
BHPian
 
saion666's Avatar
 
Join Date: Nov 2011
Location: WB-06/TS-07
Posts: 286
Thanked: 247 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I am getting it from the day it was declared. I use ICICI coral petrol credit card and fill up at the same HP petrol pump.
saion666 is offline   Reply With Quote
Old 25th January 2017, 17:12   #103
BHPian
 
glenmz's Avatar
 
Join Date: Aug 2014
Location: Bangalore
Posts: 343
Thanked: 250 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

HDFC has changed the fuel surcharge reversal. I have a salary account and a platinum credit card. Since december, I noticed that the fuel surchage has not been reversed on my account. Raised a complaint, I have been told that fuel surcharge is only reversed for swipes on HDFC EDC's and the amount needs to be above Rs 400
glenmz is online now   Reply With Quote
Old 8th February 2017, 13:33   #104
BHPian
 
MalluDude's Avatar
 
Join Date: Aug 2005
Location: Cochin
Posts: 381
Thanked: 28 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I had filled up from 2 different pumps at Kochi and Alleppey using my SBI Debit card for INR 1000 each last week, and today I got two separate credits of INR 7.5 each in my account.

And there were no other surcharges that was deducted either.

Don't recall the oil company, but it was either IOC or BP.
MalluDude is offline   Reply With Quote
Old 9th February 2017, 09:30   #105
BHPian
 
deehunk's Avatar
 
Join Date: Nov 2009
Location: Bangalore
Posts: 961
Thanked: 650 Times
Default Re: 0.75% discount for those who buy petrol and diesel using cards

I have faced no issues with my ICICI debit card so far and it has worked well from the first day. The refills have been done at different places in Karnataka.
deehunk is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Would you still buy a Diesel car if Diesel was priced closer to Petrol? .anshuman The Indian Car Scene 522 16th September 2014 11:14
Using Secure Digital (SD) Cards in the Skoda Superb ivar1951 In-Car Entertainment 13 10th February 2011 15:05
Esteem Diesel on the Cards ? lambuhere1 The Indian Car Scene 12 24th October 2007 14:02
Hi... to all those worshipers of those mean machines !!! naman Introduce yourself 3 14th March 2007 11:49


All times are GMT +5.5. The time now is 05:04.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks