The Domestic oil marketing companies (OMC) have discontinued the 0.75 per cent cashback offered to credit card holders on petrol and diesel purchases.
“As advised by the Public Sector Oil Marketing Companies, the 0.75 per cent cashback (capped at a maximum of ₹45 per transaction) that you earn on fuel transactions on your American Express Card will be discontinued, effective October 1, 2019,” American Express said in a communication sent to its credit card holders.
Reports said that State Bank of India also sent a similar message notifying the withdrawal of this benefit to consumers.
