Indian Oil and RBL Bank launch co-branded credit card

New Delhi: India’s energy major, Indian Oil Corporation Limited (IOCL) has launched a co-branded credit card in partnership with RBL Bank in Global Fintech Fest (GFF), Mumbai. This strategic collaboration aims to provide cardholders with attractive rewards and benefits, enabling them to earn upto 250 litres of free petrol annually. Customers can also manage their finances and fuel purchases through a single platform while earning valuable reward points on every transaction.

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Highlighting the special features of this co-brand card, Indian Oil's Executive Director (Retail Transformation) ND Mathur said “At IndianOil, we always strive to provide a hassle-free fueling experience and enhanced value proposition for our valued customers at our retail outlets. This strategic partnership is yet another significant step in that direction and we are confident that this collaboration with RBL Bank is a perfect addition to our bouquet of enhanced offerings to our customers.”

Speaking about the collaboration, RBL Bank's Head (Credit Cards) Bikram Yadav said “In the last 10 years, India’s rising growth has upgraded the lifestyle of common citizens. With increased average incomes and greater affordability of vehicles across all segments, fuel expenses have become a significant contributor to the monthly expenditures of Indian consumers. Fuel is one of the growing categories of card spends in our existing portfolio of more than five million credit cards.”

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