BOB Financial and Hindustan Petroleum (HPCL) in partnership with National Payments Corporation of India (NPCI), have introduced the launch of HPCL BoB co-branded contactless RuPay Credit Card. The card comes with varied options together with rewards for spending on utilities, grocery and departmental shops. This card can be utilized throughout retailers and ATMs globally by way of the JCB community. BOB Financial is a wholly-owned subsidiary of the Bank of Baroda (BoB).
Cardholders of HPCL BoB RuPay Contactless Credit Card will be capable to earn as much as 24 reward factors (per Rs 150 spent) at HPCL gasoline pumps and on the HP Pay app. In addition, cardholders can even profit from a 1 per cent Fuel Surcharge Waiver on gasoline purchases at HPCL pumps or on HP Pay. Customers who spend Rs 5,000 or extra inside 60 days of card issuance will get 2,000 bonus reward factors.
Shailendra Singh, MD and CEO, BFSL says, “The collaboration with HPCL for this co-branded credit card will add more fuel to our growth momentum and help make Bank of Baroda Credit Card the card of choice for the customer. This fuel card has been thoughtfully constructed around the theme of ‘a Tankful of Happiness’, positioning it as more than just a credit card. The ecosystem of rewards, surcharge waiver, discounts, etc. in related spending categories will further enhance the value proposition of this co-branded credit card.”
The co-branded bank card will provide 10 reward factors (per Rs 150 spent) on utilities, grocery and departmental shops and a pair of reward factors on different classes. The card additionally affords engaging reductions on film ticket bookings. Cardholders will likely be entitled to 4 complimentary visits per yr to home airport lounges.
Shri Sandeep Maheshwari, HPCL Executive Director – Retail says, “Customers can also enjoy the unique benefits of the card for their fuel and HP Gas purchases made through the HP Pay app. The co-branded credit card will further promote the digital payment ecosystem across HPCL retail outlets and help meet the expectations of the modern time with its innovative offerings to the customers.”
Praveena Rai, COO, NPCI says, “This initiative will help strengthen RuPay’s customer base across the country – thanks to its various strategic and attractive benefits in almost all shopping categories. This card has the potential to act as an empowering agent in taking retail purchases for customers to the next level, and at the same time encourage them to go cash-lite and contactless.”
Source: www.financialexpress.com”
