Travelling can be an enriching experience, but it often comes with various costs that need careful management. One such cost is the fuel surcharge, a term frequently encountered by travellers, especially those who use credit cards for fuel purchases. Understanding what a fuel surcharge is and how it impacts your travel expenses can help you manage your budget more effectively. In this blog, we will explore the impact of fuel surcharges on your travel expenses and provide tips on how to manage these costs.
Table of Contents
What Is Fuel Surcharge?
We often come across customers asking the question ‘What is fuel surcharge?
Well, A fuel surcharge is an additional fee imposed by service providers, such as airlines, car rental companies, and even taxi services, to cover the fluctuating cost of fuel. This surcharge is designed to protect businesses from the volatility of fuel prices, which can vary significantly due to changes in crude oil prices, geopolitical events, and supply and demand dynamics.
Impact of Fuel Surcharge on Travel Expenses
1. Air Travel
For air travellers, fuel surcharges can significantly impact the total cost of a flight. Airlines often add this surcharge to the base fare, which can sometimes lead to confusion for passengers trying to understand the breakdown of their ticket prices. The surcharge can vary depending on the length of the flight and the route, with longer international flights typically attracting higher fuel surcharges.
2. Car Rentals
When renting a car, you might notice an additional charge labelled as a fuel surcharge. This fee is meant to cover the car rental company’s fuel costs, ensuring that they don’t lose money if fuel prices rise unexpectedly. This surcharge can vary based on the type of vehicle and the duration of the rental.
Example: If you rent a car for a week and the rental company imposes a fuel surcharge of ₹200, this extra cost will be added to your rental fee, making it essential to factor this into your travel budget.
3. Taxi and Ride-Sharing Services
Taxi and ride-sharing services also impose fuel surcharges to compensate for rising fuel costs. These charges can be particularly noticeable during periods of high fuel price volatility.
How to Apply for Airtel Axis Bank Credit Card Using the Airtel Thanks App?
The Airtel Axis Bank Credit Card offers numerous benefits, including high credit limits, annual savings, low fees, and a 100% digital application process. Here are the steps to credit card apply using the Airtel Thanks App:
Step 1: Download and Open the Airtel Thanks App
If you haven’t already, download the Airtel Thanks App from the Google Play Store or Apple App Store. Open the app and log in with your Airtel account credentials.
Step 2: Navigate to the Credit Card Section
Once logged in, navigate to the ‘Banking’ or ‘Credit Card’ section within the app. You will find an option to apply for the Airtel Axis Bank Credit Card.
Step 3: Fill in the Application Form
Click on the ‘Apply Now’ button and fill in the required details in the application form. This includes personal information, income details, and any other necessary information.
Step 4: Submit Required Documents
Upload the required documents, such as proof of identity, address proof, and income proof. Ensure that all documents are clear and legible to avoid any delays in the approval process.
Step 5: Review and Submit
Review all the entered details and documents before submitting the application. Once you are sure everything is correct, submit the application.
Step 6: Await Approval
After submission, the bank will review your application. You can track the status of your application through the Airtel Thanks App. Once approved, you will receive your Airtel Axis Bank Credit Card by mail.
Understanding what a fuel surcharge is and how it affects your travel expenses is crucial for effective budget management. By planning ahead, comparing prices, and using rewards wisely, you can mitigate the impact of these surcharges. Additionally, using a credit card with benefits for fuel purchases, such as the Airtel Axis Bank Credit Card, can further reduce your travel costs. Applying for this card through the Airtel Thanks App is a simple and convenient process, offering numerous benefits to enhance your financial experience.