new delhi as the credit card segment sees more competition customers stand to gain for example you can buy fuel for your car at 25 cheaper compared to cash if you use right kind of cobranded credit card and you can increase this savings further if you buy other household requirements with the same card however there are some catches if your annual spend on card is not sufficient you stand to loose as benefits might be less than annual fees besides you might not touch the threshold limit to redeem your benefitspoints which keep on accumulating along with spendingsat present three banks citibank icici bank and american express bank have issued cobranded cards with oil companies if you use such card to buy fuel the 25 transaction fee surcharge of the purchased amount is waived off but this fee is anyway not charged if you pay cash so only a benefit of waiving off transaction fee is nothing greathowever you will also get a discount of around 25 on your spend on fuel but to avail these benefits you will have to pay a annual fee of rs 2000 to citibank and american express bank which is waived off for the first year icici bank charges no annual fee but offer lower discount at 144american express bank has joined hand with hpcl to offer cobranded card if you buy fuel from hpcls petrol pump using this card you will be rewarded with five points which will be equivalent to rs 1 discount and if you also buy other things you will get a reward of 15 points for every rs 40 spend which amounts to a discount of 075to avail this benefit you will have to pay an annual fee of rs 2000 however if your annual spend on the card exceeds rs 60000 the renewal fee will be halved and if the spend is rs 110000 it is exempted therefore to maximise the benefit your total annual spend should be rs 110000 citibankioc card offers four reward points for every rs 150 spend at any ioc petrol pump each reward point is equivalent to rs 1 discount so every rs 150 spend will enable you to save rs 4 which is equivalent to 267 icici bankhpcl card offers discount of rs 180 on rs 125 worth fuel purchase however you can redeem these points only after touching a threshold level in case of amexhpcl when you earn 1250 points you can redeem it but after purchasing fuel worth rs 10000 in case of citibankioc you can accumulate 250 points after a fuel purchase of rs 9375 and in case of icicihpcl you can redeem a 500 points accumulation after buying rs 31250 worth fuelpcas sumeet on the blockratna bhushannew delhi kitchen appliances brand sumeet is up for salenew delhi kitchen appliances brand sumeet famous for its mixie and registered under group companies power control appliances pca and sumeet research holdings srh is up for salethe