Indian Oil and HDFC bank launch co-branded fuel credit card

Chandigarh: Indian Oil Corporation Limited (IndianOil), a Maharatna Company under the Ministry of Petroleum and Natural Gas has informed through a press release that IndianOil and HDFC Bank Limited have launched a co-branded fuel credit card for users from non-metro cities and towns. This co-branded credit card offers customers the highest rewards and benefits on fuel consumption. The card will be available on both RuPay and Visa platforms.

The card was launched by IndianOil officials Executive Director (Retail Sales) Vigyan Kumar and Executive Director, Punjab, HP and J&K Sujoy Chowdhury and HDFC Bank executives Parag Rao, Country Head, Payments Business and Marketing and Vineet Arora, Branch Banking Head at an event organised in Chandigarh.

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Interacting at the launch event, Vigyan Kumar said, “IndianOil has been a pioneer in promoting cashless and digital transactions with more than 98 percent of our vast network of 27,000+ retail outlets capable of accepting Credit/Debit Card payments. In fact, more than 27 percent of all transactions at our petrol stations are through various digital modes. We are confident that this collaboration with HDFC Bank today shall give a boost to digital payments and cashless transactions in the country, in line with the Digital India vision of our Prime Minister.

How you get benefitted by this card

Customers earn reward points known as ‘fuel points’ at over 27,000 IndianOil outlets. They will 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. To apply for the card, customers can visit or walk into the nearest bank branch. Simultaneously, the card was also launched across 135 IndianOil outlets in Bhopal, Lucknow, Indore, Ranchi, Kochi, Vishakapatnam, Guwahati, Nagpur, Shillong, Varanasi, and Panjim, among others.

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