Choose a fuel co-branded card that offers wide coverage, great rewards

Since these cards have high interest charges, avoid using them when you wish to revolve credit

Amid rising petrol and diesel prices, credit card issuers are trying to attract customers with co-branded fuel credit cards, which offer discounts, cash backs and reward points. Several card issuers have launched these cards in association with oil marketing companies (OMCs) in recent times.

BPCL and SBI Card launched a co-branded RuPay contactless credit card recently. Rama Mohan Rao Amara, managing director and chief executive officer (CEO), SBI Card says, “BPCL SBI Card RuPay targets mass affluent consumers who spend a significant amount on fuel.”

It promises 13x reward points on every Rs 100 spent on fuel purchases at BPCL