IndianOil RBL XTRA Vs IndianOil Axis Bank Premium Credit Card

If you regularly fuel up at IndianOil petrol pumps, choosing the right credit card can help you save more on every tank refill. Two great options to consider are the IndianOil RBL Bank XTRA Credit Card and the IndianOil Axis Bank Premium Credit Card. Both cards offer rewards on fuel spends and come with extra features. However, they differ in terms of the fees they charge, the benefits they offer, and how rewards can be utilized. Keep reading for a detailed comparison.

Annual Fee and Introductory Benefits

The IndianOil RBL Bank XTRA Credit Card comes with a joining and renewal fee of ₹1,500 plus GST. As a welcome benefit, the card offers 3,000 Fuel Points, which can be redeemed directly at IndianOil fuel stations. One of the key highlights of this card is its milestone reward structure. For ₹75,000 you spend in a calendar quarter, you earn an additional 1,000 Fuel Points. That means, if you spend ₹3,00,000 across the year, you’ll receive 4,000 bonus Fuel Points. Moreover, if you spend ₹2.75 lakh in a year, your renewal fee will be waived.

On the other hand, the IndianOil Axis Bank Premium Credit Card has a slightly lower joining and renewal fee of ₹1,000 plus GST. The welcome offer includes 500 EDGE Miles, which are credited upon your first transaction within 30 days of card issuance. Additionally, the annual fee is waived if you spend ₹2,00,000 in a year.

Reward Points and Other Perks

When it comes to earning rewards on fuel, the IndianOil RBL Bank XTRA Credit Card offers an attractive rate.

• You earn 15 Fuel Points for every ₹100 spent at IndianOil fuel stations, with a monthly cap of 2,000 Fuel Points.
• For other eligible purchases, you earn 2 Fuel Points for every ₹100 spent.

However, no reward points are earned on payments such as utilities, rail, rentals, wallet loads, and government-related transactions. Each Fuel Point is worth ₹0.50 and can be redeemed directly at IndianOil outlets. The card, being a RuPay variant, is also UPI-compatible.

The IndianOil Axis Bank Premium Credit Card offers rewards as per the following criteria

• 6X EDGE Miles for every ₹150 spent at IndianOil petrol pumps
• Earn 2X EDGE Miles per ₹150 spent on groceries and supermarkets
• 1X on other general spends.

For fuel redemption, 1 EDGE Mile is equal to ₹1 at IndianOil outlets. The card also supports airline and hotel point transfers, where 2 EDGE Miles can be converted into one partner point with brands such as Singapore Airlines and Marriott Hotels, among others.

The IndianOil Axis Bank Premium card also includes lifestyle perks.

• Cardholders can avail of a 30% discount on Zomato twice every month.
• If you spend ₹50,000 in the previous quarter, you become eligible for two complimentary domestic airport lounge visits every quarter.

General Overview

The IndianOil RBL XTRA and IndianOil Axis Bank Premium credit cards are both co-branded fuel cards. This means they are created in partnership with IndianOil to give cardholders specific benefits on fuel spends. While both cards help reduce fuel expenses, they differ in annual fees, rewards, and extra perks.

Bottom Line

Both the IndianOil RBL Bank XTRA Credit Card and the IndianOil Axis Bank Premium Credit Card cater well to those looking to save on fuel. However, if your main goal is to maximize savings at IndianOil fuel stations, the RBL Bank XTRA Credit Card stands out as the better option. It offers a higher reward rate on fuel spends, generous milestone benefits, and a straightforward redemption process.

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