 "SBI Card cuts fuel surcharge to 1%")
New Delhi: SBI Card, with over 4 million customers, on Wednesday slashed fuel surcharge to 1 per cent from 2.5 per cent in line with overall reduction affected by oil marketing companies to promote digital transactions. [caption id=“attachment_3366702” align=“alignleft” width=“380”]  Reuters[/caption] “Consequent to the revision in fuel surcharge levy on credit card payments from 2.5 per cent to 1 per cent, fuel surcharge waiver on your SBI card has been revised to 1 per cent w.e.f April 26,” the credit card company said in a statement. SBI Card MD and CEO Vijay Jasuja said the fuel surcharge reduction is in line with the overall reduction done by oil companies. “We have a policy that we will absorb fuel surcharge up to a certain amount. Earlier also we were absorbing the fuel surcharge and now also we are not charging anything to customers,” he said. SBI Card is a joint venture between State Bank of India and GE Capital.
Consequent to the revision in fuel surcharge levy on credit card payments from 2.5 per cent to 1 per cent, fuel surcharge waiver on your SBI card has been revised to 1 per cent w.e.f April 26
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