The IndianOil RBL Bank Credit Card is the entry-level version of the IndianOil RBL Bank XTRA Credit Card, designed for users who frequently refuel at IndianOil (IOCL) fuel stations. With a nominal annual fee of ₹500 + GST, this card offers a solid 5% reward rate on IOCL fuel purchases, making it one of the best fuel credit cards in India for IndianOil loyalists.
IndianOil RBL Bank Credit Card – Fees & Charges
| Joining Fee | ₹500+GST ~₹ 590 |
| Welcome Benefit | 1,000 Fuel Points on spending ₹500 in 30 days (~₹500 value) |
| Annual Fee | ₹500+GST ~₹ 590 |
| Annual Fee Waiver | Spend ₹1.75 lakh in a membership year |
| Renewal Benefit | None |
Reward Structure
| Spend Category | Reward Rate | Remarks |
|---|---|---|
| IOCL Fuel Spends | 10 Fuel Points/₹100 (~5% return) | Capped at 1,000 Fuel Points/month (₹10,000 spend) |
| Other Retail Spends | 1 Fuel Point/₹100 (~0.5% return) | |
| UPI Transactions < ₹2,000 | No Fuel Points | |
| Excluded Categories | No Fuel Points | Utilities, insurance, railways, education, rent, government, wallets, EMI, etc. |
💡 You can earn a maximum of 1,000 Fuel Points per calendar month, equivalent to a 5% return on ₹10,000 worth of IOCL fuel spends.
Airport Lounge Access
- Domestic Airport Lounge Access: Not Available
- International Airport Lounge Access: Not Available
Fuel Surcharge Waiver
- 1% Fuel Surcharge Waiver on transactions between ₹500 to ₹4,000
- Waiver Cap: Up to ₹100 per calendar month
Rewards Redemption
The earned Fuel Points convert into XTRA Reward Points under the IndianOil XTRAREWARDS program. Each Fuel Point = ₹0.50 in XTRA Rewards.
❌ No option for statement credit redemption
🔄 Redeemable directly at most IOCL fuel stations via POS machines
Pro Tips to Maximize IndianOil RBL Bank Credit Card Benefits
Make the most out of your IndianOil RBL Bank Credit Card with these smart tips:
Earn 5% value back only at IndianOil fuel stations.
Spend ₹10,000/month to earn max 1,000 Fuel Points (~₹500).
Spend ₹1.75L/year to get next year’s annual fee waived.
No rewards on utilities, rent, UPI under ₹2,000, and more.
Use XTRA Points at IOCL pumps that support POS redemption.
For RuPay cards, use UPI for spends above ₹2,000 only.
Final Verdict: Is It Worth It?
The IndianOil RBL Bank Credit Card stands out as a top IOCL co-branded fuel credit card in India, especially for users who regularly refuel at IndianOil pumps. You get:
✅ 5% value back on IOCL fuel spends up to ₹10,000/month
✅ Useful welcome benefit worth ₹500
✅ Affordable annual fee with waiver on ₹1.75L spend
❗ However, the fee waiver threshold can’t be achieved with fuel spends alone. You’ll need to use the card for other categories, which dilute your overall reward rate.
Should You Apply?
If IndianOil is your go-to fuel station, the IndianOil RBL Bank Credit Card offers unmatched value on fuel spends with minimal fees.
🎯 Best For: IndianOil loyal customers, budget-conscious users looking for fuel savings
🚫 Not Ideal For: Users seeking travel perks or high reward rates on non-fuel categories
Frequently Asked Question (FAQs)
IndianOil RBL Bank Credit Card
