NEWS & ADVICE : CREDIT CARDS
Petro Cards 101: A detailed guide
By Ankit Sharma
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Co-branded petro cards

A co-branded petro card is a credit card which is sponsored by both the credit card issuing company and the participating fuel company. One can also use a co-branded petro card to pay for his fuel. This card provides an advantage of getting a surcharge waiver, apart from being a usual debit/credit card. The surcharge levied is on fuel is 2.75 % or Rs 10, whichever is higher. The co-branded petro cards also earn reward points over and above the surcharge waiver.

Co-branded credit cards floating in the market include some like IOC-Citibank and HPCL-ICICI Bank and Smartfill, a card by BPCLand StanChat Bank.

IOC-Citibank co-branded card offers:

• Savings of up to 5% to cardholders on their petrol spends at select Indian Oil retail outlets across the country.
• Customers using this card will avail two reward points per use at an IOC retail outlet and one point each at other outlets, on every purchase worth Rs 100.
• The reward points can be redeemed for free petrol, Servo engine oils and lubricants at IOC petrol pumps.

HPCL-ICICI Bank co-branded earn reward points named as ‘Speed `o' miles' and these points can be redeemed for free fuel at HPCL Petrol Pumps or against gifts available in the ICICI rewards redemption catalogue. Some other features of the card include:

• It is eligible for 5% discount on tyres, batteries and auto accessories sold at select HPCL petrol pumps.
• 15% discount on P-UC (pollution under control) check, labour charges on servicing and minor repairs at HPCL petrol pumps.
• Minimum assured Cash Back per transaction of 1%.
• 1 reward point earned on every Rs.200 spent on all purchases except on fuel purchases at HPCL outlets.


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(Comments Posted : 33) Post Your Comments
1. I am interested to make Petro Card for use petrol for my personal use.

Please give me detail for how to make online petro card.

Please contact me at 98888-27889 at Ludhiana. (Punjab)
Rashpal Singh (Posted: Jun 28, 2017)
2. I am interested to make Petro Card for use petrol for my personal use.

Please give me detail for how to make online petro card.
Rashpal Singh (Posted: Jun 28, 2017)
3. for INDIAN OIL FLEET CARD CAN CONTACT ME MY EMAIL ID IS SALASARINDIANOIL@GMAIL.COM AND JOSHIBLUDR@GMAIL.COM
09414022700
08386857033
b l joshi (Posted: Aug 5, 2014)
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