HT Bureau
Guwahati, May 24: BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda (BoB) and Hindustan Petroleum Corporation Ltd. (HPCL) in partnership with National Payments Corporation of India (NPCI), have announced the launch of HPCL BoB co-branded contactless RuPay credit card. The card is designed to reward customers for spending at HPCL fuel pumps as well as the HP Pay app.
Cardholders of HPCL BoB RuPay Contactless Credit Card will be able to earn up to 24 reward points (per Rs 150 spent) for spending at HPCL fuel pumps and on the HP Pay app. In addition, cardholders will also benefit from a 1% Fuel Surcharge Waiver on fuel purchases at HPCL pumps or HP Pay. Customers who spend Rs 5,000 or more within 60 days of card issuance will get 2,000 bonus reward points. The co-branded credit card will offer 10 reward points (per Rs 150 spent) on utilities, grocery, and departmental stores and 2 reward points on other categories. The card also offers an attractive discount on movie ticket bookings. Cardholders will be entitled to 4 complimentary visits per year to domestic airport lounges.
Speaking at the occasion, Shailendra Singh, MD & CEO, BFSL said, “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. We have built an exciting ecosystem of rewards, surcharge waiver, discounts, etc., in related spend categories to further enhance the value proposition of this co-branded credit card.”
Sandeep Maheshwari, HPCL executive director – Retail said, “HPCL is elated to partner with Bank of Baroda and NPCI to launch a co-branded Credit Card on the RuPay network. To offer the best in category service to customers and to make their journey safer, smoother, faster, and more rewarding, the card is equipped with a contactless feature where the customer can just tap & pay on the POS terminal, available at 20,000 plus HPCL retail outlets spread across the country, to make fuel purchases. 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.”
