American Express recently launched an attractive promotion offering 3% cashback on fuel transactions across all American Express credit cards. In addition, Amex has a partnership with HP, so the usual 2.5% fuel surcharge is waived at HP petrol pumps. Combined with the 3% cashback and the surcharge waiver, the effective value to cardholders is significant compared with typical credit card fuel benefits.
American Express cashback on fuel
American Express 3% Fuel Cashback Offer Details:
- Earn 3% cashback, capped at Rs. 4,500 per card during the promotion period.
- 2.5% fuel surcharge waiver at HP fuel stations.
- Offer valid till: 30th June, 2017 (recently extended)
- No minimum spend required to qualify for the cashback.
- Enrollment is required. Check your email for the offer link or contact customer care to enroll.
- Cashback is credited to the statement quickly (customers report it appearing within a day, though the official timeline may state up to five days).
- Additionally, a 0.75% government-mandated cashback component may apply.
Amex HP fuel surcharge waiver
Personal experience with the Amex fuel cashback offer
Historically I avoided using cards for fuel because many issuers do not reverse the service tax on the surcharge and often do not award reward points for fuel transactions, so paying cash felt more economical. This Amex offer changed that behavior: I began routing my fuel expenses to my American Express card during the promotion. I used my American Express Platinum Travel card at HP pumps and started seeing the cashback applied to my account.
Amex cashback on fuel transactions at HP
This is a compelling offer for frequent fuel spenders. A 3% reward rate on fuel is competitive with many premium cards and, importantly, many card programs exclude fuel from earning rewards. For anyone who regularly spends on petrol or diesel, Amex’s combination of cashback and surcharge waiver makes it one of the better options available for fuel purchases in India during the promotion period.
Note: If planning to maximize the Rs. 4,500 cashback cap, ensure your total eligible fuel spending stays within your budget and card limits. Share your experiences or questions in the comments below.