I am sure that people who commute a long distance using their own vehicle for office will like this. For every 150 spend in indian oil petrol pump you get credit of 4 turbo points which is equivalent of Rs. 4 i.e. approx 2.75% savings plus as usual you get waiver on surcharge. With 40k spent in 3 months i.e. around 1.2 lakhs per year will make you earn sufficient points to have fuel worth of 70 liters. Amazing.
Spend 30k in a year your card charges will be waived off. 30k criteria in a year is too easy to meet.
For other spends you get 1 turbo points for every 150Rs spent.
Converting points to purchase fuel will be worth as 1 point= 1 Rs.
But if you try to redeem points for paying credit card bill or other purchases you may get 1 point= 0.35 Rs . Unless you have shortage of funds, always go for purchasing fuel against points rather than purchase.
As I said earlier this card is awesome for all people who commute long distance to office using their own vehicle because every spend on fuel will fetch you good points.
I am liking it. Recommendable.
