Tinkoff & LUKOIL: Issue co branded cards for motorists

  • Tinkoff and LUKOIL, one of the largest fuel companies in Russia issued co-branded debit and credit cards for car owners
  • Accumulate points from daily purchases and compensate them for any operations at the LUKOIL filling station network
  • Holders of LUKOIL-Tinkoff cards receive cashback in the form of points for every 100 rubles spent on the card
  • For operations at LUKOIL filling stations the client awarded up to 400 points per purchase
  • When buying policies from Tinkoff Insurance, customers able to get an increased cashback of 2000 points
  • The accumulated points spent on paying for fuel and goods from stores at LUKOIL filling stations at the rate of 100 points
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

IG Group Considers Switching Listing from London to New York

The financial services firm explores a potential move to enhance visibility.Highlights: IG Group is weighing a move from...

Huawei and Yowpay Launch Open Banking Smartwatch POS App

Innovative app combines open banking with smartwatch technology for payments.Highlights: Huawei partners with Yowpay to introduce a smartwatch...

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...

Crypto.com Cuts 12% of Workforce Amid AI Shift

The company streamlines operations in response to evolving market dynamics.Highlights: Crypto.com reduces workforce by 12%Focus shifts to AI...