HBL is offering several different types of credit cards. They also have a special HBL fuel saver credit card which can reduce your fuel expense burden. This offer is only available on the fuel saver credit card and not on other HBL credit cards. This card has been specially made for saving fuel expenses. With rising fuel prices, this card can act as a breather for the public. You can use these cards every time you refuel your vehicle. This will earn you cash back on your expenditure. You can also use the card as a regular credit card and enjoy other benefits such as grocery shopping, online shopping, dining, hoteling, travelling, etc. You can also avail of discounts on all these facilities while using the – HBL fuel card. You can link your HBL card with the HBL mobile app for convenience as well as increased security. You can also make transactions by using HBL’s online banking.
Types of HBL fuel cards in Pakistan
HBL fuel card is available in two categories: Gold and Green. The primary difference is between the limit and the cashback percentage. Let us briefly discuss the features of both the cards below.
HBL Green fuel Card
The limit of the HBL green card is Rs.150, 000. You can get 3 % cashback on your fuel expenditure. For instance, if you spend Rs.10, 000 you get a monthly cashback benefit of Rs.300, accumulated annually this benefit would rise to Rs.3600. It has an annual fee of Rs.3000 and a supplementary card fee of Rs.1500. You can apply for more than one supplementary card and give them to other family members. The minimum monthly payment is only Rs.500 or 5 % of the outstanding amount (whichever is higher). The Interest-Free Period is 51 days. The monthly mark-up is approximately 3.25 %. The card offers you BFT( Balance Transfer Facility) at a rate of 2 %. You can also avail of advance cash at a rate of 39 %
HBL Gold fuel Card
The limit of the HBL Gold card is Rs.500,000. You can get 5 % cashback on your fuel expenditure. For instance, if you spend Rs.10, 000 you get a monthly cashback benefit of Rs.500, accumulated annually this benefit would rise to Rs.6000. This amount can increase with increased usage of the HBL fuel card. The higher the usage, the higher the benefit. The Gold Card has an annual fee of Rs.6000 and a supplementary card fee of Rs.1500. You can apply for more than one supplementary card if you want your other family members also to use this facility. The minimum monthly payment is only Rs.500 or 5 % of the outstanding amount (whichever is higher). The Interest-Free Period is 51 days. The monthly mark-up is approximately 3.25 %. The card offers you BFT (Balance Transfer Facility) at a rate of 2 %. You can also avail of advance cash at a rate of 39 %.
HBL Fuel Saver card benefits
- Monthly fuel savings can reduce the pressure of expenses on your income. The higher the card usage, the higher the cashback.
- Usage of the card will automatically enrol you in HBL’s fuel-saving program which will increase your fuel savings in the long run.
- Minimum down payment on the card is very affordable.
- You can convert your outstanding into easy monthly instalments and avail of low mark-up rates.
- The card can be accessed around the world.
- You can manage the card using HBL mobile application.
- You can use the card just like any other credit card as well as a fuel-saving card.
- HBL fuel card can also be used for a balance transfer facility. The facility allows you to transfer the outstanding of any other bank’s credit card to the HBL card and convert it into easy instalments.
- Earn reward points and avail numerous discounts and benefits. These include discounts at hotels, restaurants, stores, electronics, home appliances, and many more.
- The card has a considerable interest-free period which is 51 days, this implies that if you settle your outstanding within this time frame, you will not be charged any mark-up.
Conclusion
Using the HBL fuel card can save fuel expenses monthly & annually. These savings can come in handy especially at a time when the economy is following an inflationary trend and fuel prices are constantly rising.
