IndianOil RBL Bank Credit Card
- Joining Fee
- ₹500 + GST
- Renewal Fee
- ₹500 + GST
- Best Suitable For
- Fuel
- Welcome Benefits
- 1,000 Fuel Points
- Forex Markup
- 3.5%
The IndianOil RBL Bank Credit Card is one of the two co-branded credit cards offered by RBL Bank and IndianOil, the other being the IndianOil RBL Bank XTRA Credit Card. This card has a joining/annual fee of ₹500, while the other variant has a higher fee. Those who make their fuel spends at IndianOil outlets or are located favorably near to one should definitely opt for this card as it offers a high reward rate for spends made at associated petrol pumps. Cardholders shall earn 10 Fuel Points/₹100 spent at IndianOil outlets. Since the value of One Fuel Point = ₹0.50, one can easily say that this card offers a high reward rate of 5%. Additionally, one also receives a fuel surcharge waiver, taking up the total savings by 6%. Keep on reading to know all the features of the card.
Rewards and Benefits
- Rewards Rate
- 10 Fuel Points/₹100 Spent at IndianOil Fuel Stations. 1 Fuel Point/₹100 on Other Eligible Purchases
- Welcome Benefits
- 1,000 Fuel Points
- Reward Redemption
- 1 Fuel Point = ₹0.50 When Redeeming at IndianOil Stations
- Movie & Dining
- N/A
- Travel
- N/A
- Golf
- N/A
- Domestic Lounge
- N/A
- International Lounge
- N/A
- Insurance Benefits
- N/A
Fees and Charges
- Joining Fee
- ₹500 + GST
- Renewal Fee
- ₹500 + GST
- Spend-Based Waiver
- Annual Fee Waived on Spends of ₹1.75 Lakh
- Rewards Redemption Fee
- ₹99 + GST
- Forex Markup
- 3.5%
- Interest Rates
- 2.5% to 3.99% Per Month
- Fuel Surcharge Waiver
- 1% Waiver
- Cash Advance Charges
- 2.5% or a Minimum of ₹500
Product Details
- This is a dedicated fuel spends credit card.
- Earn accelerated 10 Fuel Points/₹100 at IndianOil fuel stations.
- Get 1 Fuel Point/₹100 for other eligible spends.
Pros and Cons
Pros
This is an advantageous credit card for those who purchase fuel at IndianOil stations.
Cons
The IndianOil RBL Credit Card does not offer a high reward rate for spending other than fuel.
Earn Fuel Points on Spends
- Get accelerated 10 Fuel Points/₹100 spent at IndianOil outlets. A maximum of 1,000 Fuel Points can be earned each month, offering savings of ₹500 each month.
- 1 Fuel Point/₹100 spent on other eligible categories like shopping and more.
1 Fuel Point = ₹0.50
Annual Fee Waiver
By spending ₹1,75,000 in a year, the annual charges of ₹500 can be waived for the IndianOil RBL Credit Card.
Bottom Line
The RBL IndianOil Credit Card series is one of the best co-branded credit cards for fuel purchases made at IndianOil Outlets. Axis Bank is offering other Indian Oil Cards. The IndianOil RBL Credit Card is a basic card offering high rewards for fuel purchases. This card comes at an affordable fee of ₹500 and can be applied for by even those who are looking for their first fuel credit card. Apply for the IndianOil RBL Credit Card and enjoy savings of ₹6,000 each year on fuel expenditure.
Frequently Asked Questions
What are the joining/annual charges for the IndianOil RBL Bank Credit Card?
The IndianOil RBL Credit Card can be availed by paying a joining and annual charge of ₹500.
Is the IndianOil RBL Credit Card available on the RuPay network?
Yes, the IndianOil RBL Credit Card is available on the RuPay network and can be easily linked to various UPI applications.
Reader Comments
2 comments · Join the discussion below
What’s the process for redemption?
The best form of redemption would be at IndianOil fuel stations for a value of 1 Fuel Point = ₹0.50