HDFC Bank, IOC launch co-branded fuel credit card for users from non-metro cities

HDFC Bank, IOC launch co-branded fuel credit card for users from non-metro cities

HDFC Bank in partnership with Indian Oil launched a co-branded fuel card for users from non-metro cities and towns which will be available on both RuPay and Visa platforms.


The card was launched at an event here by IOCL's Executive Director (Retail Sales) Vigyan Kumar and HDFC Bank's Country Head, Payments Business and Marketing, Parag Rao.

Highlights:
  • The card offers customers highest rewards and benefits on fuel consumption and will be available on both RuPay and Visa platforms.
  • Customers earn reward points known as 'fuel points' at over 27,000 IOCL outlets. They also earn fuel points on all other spends such as groceries, bill payments, utilities and other shopping. These points can be redeemed for up to 50 litres of fuel annually.
  • The card was also simultaneously launched across 135 Indian oil outlets in Bhopal, Lucknow, Indore, Ranchi, Kochi, Visakhapatnam, Guwahati, Nagpur, Shillong, Varanasi, Jalandhar and Panjim, among others.
  • The Indian Oil has been a pioneer in promoting digital cashless and digital transactions with more than 98 per cent of the company's network of 27,000 plus retail outlets capable of accepting credit/debit card payments.
  • HDFC Bank shall give a boost to digital payments and cashless transactions in the country, in line with the Digital India vision of the prime minister.

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