HPCL, BPCL, IndianOil smart cards: Zero surcharge, points and other benefits
Fuel is a commodity bought daily, whether you buy it for your personal vehicle or commercial vehicles. The fuel prices change when it comes to market volatility. Indian oil companies have collaborated with several banks to give their subscribers the benefit of earning reward points, cashback, value-backs and fuel freedom benefits. Here are the three major Indian oil companies who have associated themselves with certain private and public sector banks that have several attractive offers for their customers:
Bharat Petroleum Corporation Limited
The oil company Bharat Petroleum joined hands with the largest public sector bank, the State Bank of India to give their consumers the BPCL SBI card. The issuance of this card is at Rs 499, after which one needs to pay the same amount for card renewal annually. Furthermore, SBI gives Rs 2,000 as activation bonus and Rs 500 as a welcome reward. This reward will be credited into the card 20 days post issuance of the card. Customers who utilize this card at a BPCL petrol pump will get a value-back of 4.25%, 3.25%+1% fuel surcharge waiver on every transaction up to Rs. 4,000. 5 Reward points can be gained if the card is used for transactions of minimum Rs 100 at Groceries, Departmental stores, Movies & Dining and Utility Bills payments. 1 Reward point for non-fuel retail purchases.
Hindustan Petroleum Corporation Limited
Hindustan Petroleum has launched various cards in collaboration with ICICI bank for the convenience of its customers. These are specifically designed keeping the nature of use of the Card in mind. With the HPCL-ICICI credit card, the 2.5 surcharge will not be levied like that on normal cards. The HPCL-ICICI debit card on the other hand, too, gives a waiver on the 2.5% surcharge. Moreover, this card can also be used for commercial purchases wherein one can earn reward points depending on the type of HPCL-ICICI debit card holder the individual is. The Payback facility benefits the customer to pool in offers and avail them together. The tripartite co-branded credit card between HPCL, Axis Bank and Shriram Transport Finance Company (STFC), too provides the consumer the benefit of waiver on 2.5% surcharge.
Indian Oil Corporation Limited
Collaborating with Citi Bank, the Indian Oil Corporation came up with the credit card the customer receives turbo points on purchases. One receives 4 Turbo points at purchase of Rs 150 at an Indian Oil petrol pump and 2 on purchase of Rs 150 on grocery and supermarkets. For purchases of Rs 150 on shopping dining etc, one gets credited by 1 Turbo point. In case of this card, no annual renewal fee is charged. Moreover your turbo points do not expire. The XXTRAPOWER rural card gives special benefits such as redeem point up to Rs 100 and loyalty points for their rural customer. This card is issued at Rs 50
Zee Business 11-04-19