IndusInd Bank and Jio-bp Launch Co-Branded Mobility+ Credit Card
Filing Summary
IndusInd Bank and Jio-bp have launched the ‘IndusInd Bank Jio-bp Mobility+’ credit card, a co-branded offering targeting India’s digitally savvy consumers. The card, powered by the RuPay network, offers fuel rewards and lifestyle benefits, including 400 bonus reward points on initial fuel transactions and 12 reward points per ₹100 spent at Jio-bp stations. The card features a joining fee of ₹499 plus GST, waived upon spending ₹10,000 within 30 days. The card is available through select Jio-bp outlets and digital platforms, with quick digital onboarding.
IndusInd Bank and Jio-bp have announced the launch of the ‘IndusInd Bank Jio-bp Mobility+’ credit card. This co-branded credit card is designed to cater to India’s growing community of digitally savvy consumers. The card is powered by the RuPay network and offers a combination of fuel rewards and lifestyle benefits. It is available for application through select Jio-bp outlets and digital platforms, providing quick digital onboarding for customers.
The ‘IndusInd Bank Jio-bp Mobility+’ credit card offers several financial incentives. Customers receive 400 bonus reward points on their first fuel transaction at Jio-bp Mobility Stations within 30 days of card setup. Additionally, cardholders earn 12 reward points per ₹100 spent at Jio-bp Mobility Stations, convenience stores, and Wildbean Cafe outlets. A monthly bonus of 200 reward points is available for spending ₹4,000 at Jio-bp Mobility Stations. The card also offers milestone rewards, including 4,000 bonus reward points on annual spends of ₹2 lakh or more.
Operationally, the card provides lifestyle benefits such as a complimentary Wildbean coupon worth ₹200 on the first transaction at the cafe within 30 days of card setup. Customers earn 5 reward points per ₹100 spent on supermarket, dining, and grocery purchases. The card supports UPI-enabled transactions via RuPay for seamless payments. The joining fee is ₹499 plus GST, which is waived upon spending ₹10,000 or more within 30 days of card setup. Reward points can be redeemed at Jio-bp Mobility Stations, convenience stores, and Wildbean Cafe outlets.
The card’s implementation includes a phased rollout through select Jio-bp outlets and digital platforms. Customers can begin earning rewards from the first day of card activation. The card is tailored to meet the needs of on-the-go consumers, providing a comprehensive rewards program that integrates fuel and lifestyle benefits.
IndusInd Bank and Jio-bp are the primary entities involved in this collaboration. IndusInd Bank brings its financial expertise to the partnership, while Jio-bp contributes its expansive network of over 2050 Mobility Stations. The collaboration aims to deliver a unique value proposition for consumers seeking enhanced mobility solutions.
The launch of the ‘IndusInd Bank Jio-bp Mobility+’ credit card is relevant in the context of India’s evolving consumer landscape. The card addresses the increasing demand for integrated financial products that offer both convenience and rewards. It aligns with the broader trend of digital transformation in the banking and mobility sectors, providing a competitive edge in the market.
Jio-bp, a joint venture between Reliance Industries Limited and bp, focuses on providing advanced mobility solutions and alternative fueling options. The partnership leverages Reliance’s extensive consumer base and bp’s global experience in differentiated fuels and retail solutions.
IndusInd Bank has been redefining banking for over 31 years, offering a range of products including microfinance, personal loans, and digital banking services. The bank serves approximately 42 million customers through its extensive branch network and digital platforms, focusing on innovation and customer-centric solutions.