About IndianOil RBL Bank XTRA Credit Card
The IndianOil XTRA Credit Card is one of the two fuel cards offered by RBL Bank in partnership with IndianOil. With this collaboration, RBL Bank has become the fourth issuer to launch co-branded fuel credit cards with IOCL, alongside HDFC Bank, Axis Bank, and Kotak Mahindra Bank.
This card allows users to save up to 8.5% on fuel spends , which can add up to as much as 250 litres of free fuel in a year . With this benefit, the IndianOil RBL XTRA Credit Card surpasses the BPCL SBI Card Octane (which offered up to 7.25% value-back) to become one of the most rewarding fuel credit cards in India.
IndianOil RBL Bank XTRA Credit Card Rewards Program
Rewards Earning
15 Fuel Points for every Rs. 100 spent at IndianOil fuel stations2 Fuel Points for every Rs. 100 spent on all other purchases (except excluded categories)Redemption Value
Other Features and Benefits
Welcome Benefit
Milestone Benefit
Annual Fee Waiver
Fuel Surcharge Waiver
Fees and Charges
Particulars Amount Joining/Annual Fee Rs. 1,500 + applicable taxes Finance Charges Up to 3.99% p.m. (Up to 47.88% p.a.) Late Payment Charges 12.5% of the total outstanding amount (Min. Rs. 5 and Max. Rs. 1,300)
Things to Know Before you apply
Get this card if:
You regularly commute using your own vehicle and fuel forms a large share of your monthly expenses. You want to maximise savings by redeeming Fuel Points for future IndianOil fuel purchases. You are loyal to IndianOil (IOCL) and prefer it over other fuel brands like HPCL or BPCL.
Eligibility Criteria
Age : 21 to 70 yearsOccupation : Salaried or Self-employedCredit Score : Should have a good credit history
Document Required For IndianOil RBL Bank XTRA Credit Card
Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter IDProof of Address: Aadhaar Card, Driver’s License, PassportProof of Income: Latest 3 salary slips, Last 3 months’ bank statement
IndianOil RBL Bank XTRA Credit Card Hilights
What do we like about this card?
Welcome Benefit: 3,000 Fuel Points on first transaction of Rs. 500 or more within 30 days of issuance.Reward Program: Earn 15 Fuel Points per Rs. 100 spent at IndianOil outlets, 2 Fuel Points on all other spends.Fuel Savings: Save up to 8.5% on IOCL fuel spends (up to 250 litres free fuel annually).Milestone Benefit: 1,000 Fuel Points on quarterly spends of Rs. 75,000.Redemption Value: 1 Fuel Point = Rs. 0.50 at IOCL pumps / petrol vouchers.Fuel Surcharge Waiver: 1% waiver (up to Rs. 200 per month) on transactions of Rs. 500–4,000.Annual Fee Waiver: Spend Rs. 2.75 lakh in a year to get the fee waived.
Pros
8.5% on IndianOil fuel spends.rewards redemption ratio of 2:1 when redeeming Fuel Points at IOCL pumps.4,000 Fuel Points annually as milestone bonus.
Cons
fuel spends at IOCL .No complimentary lounge access for frequent travelers.
RBL Bank Credit Card Contact Details
Contact Address: RBL Bank Ltd., One Indiabulls Centre, 16th Floor, Tower 2, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013, Maharashtra, India
Helpline: 022-62327777 or 1800-121-9050 (toll-free)
Simply SMS: Send ICON to 5607011 to get a callback or apply
Frequently Asked Questions
Everything you need to know about this credit card
You get 3,000 Fuel Points as a welcome bonus when you make your first transaction of at least Rs. 500 within 30 days of card issuance.
You earn 15 Fuel Points per Rs. 100 spent at IndianOil fuel stations and 2 Fuel Points per Rs. 100 on all other eligible spends.
Fuel Points can be redeemed for:
IOCL fuel purchases (1 Fuel Point = Rs. 0.50)
Petrol vouchers
RBL Rewards Portal (1 Fuel Point = Rs. 0.10).
Yes, you earn 1,000 Fuel Points on reaching a quarterly spending milestone of Rs. 75,000 (excluding EMIs, fees, charges, GST, and cash withdrawals).
Yes, you get a 1% fuel surcharge waiver (up to Rs. 200 per month) on fuel transactions between Rs. 500 and Rs. 4,000.
Yes, the annual fee is waived if you spend Rs. 2.75 lakh or more in a year.
RBL Bank
Co-branded
Fuel
Reward Points
