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The IndianOil RBL XTRA Credit Card is a simple yet rewarding fuel credit card. It doesn’t boast many features and benefits but instead offers straightforward benefits on fuel spends made with IndianOil outlets. This card is available at a joining fee of ₹1,500 for the first year, and cardholders are offered Fuel Points worth the same value. One can earn 15 Fuel Points/₹100 spent at IndianOil stations. This comes out to be a reward rate of 7.5%, combined with the fuel surcharge waiver, offers a total savings of 8.5%. A maximum of 2,000 Fuel Points can be earned in a month. Since 1 Fuel Point = ₹0.50, cardholders can save up ₹1,000 each month on their fuel purchases, leading to yearly savings of 12,000 on fuel alone. All other eligible fuel purchases shall earn 2 Fuel Points/₹100.
IndianOil RBL Bank XTRA Credit Card
Joining Fee
Renewal Fee
Best Suited For
Reward Type
Welcome Benefits
Movie & Dining
N/A
Rewards Rate
15 Fuel Points/₹100 Spent at Indian Oil Stations and 2 Fuel Points/₹100 on Other Eligible Spends
Reward Redemption
1 Fuel Point = ₹0.50 When Redeemed at IndianOil Outlets
Travel
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
N/A
Spend-Based Waiver
Annual Fee Waiver on Spends of ₹2.75 Lakh
Rewards Redemption Fee
₹99 + GST
Foreign Currency Markup
3.5%
Interest Rates
2.5% to 3.99% Per Month
Fuel Surcharge
1% Fuel Surcharge Waiver Upto ₹200 Each Month
Cash Advance Charges
2.5% of the Cash Amount or a Minimum of ₹500
- The IndianOil RBL XTRA is a fuel-oriented credit card. Cardmembers can save on fueling expenses made with IndianOil.
- Upto 250 liters of free petrol on monthly spends of ₹45,000.
- 15 Fuel Points/₹100 spent on fuel purchases with IndianOil.
- Other spends shall get 2 Fuel Points/₹100 spent.
Pros
This card offers a high return of 7.5% on fuel purchases, which is unmatched by any other fuel card.
Cons
There are some other fuel credit cards in the same segment as the IndianOil RBL Xtra, which offer many more benefits, such as airport lounge access, but this card fails to do so.
Earn Fuel Points on Spends at IndianOil Stations
- 15 Fuel Points/₹100 spent at IndianOil fuel stations (Maximum 2,000 fuel points per month). Reward rate of 7.5%.
- 2 Fuel Points/₹100 spent on other purchases.
- No Fuel Points shall be awarded for railways, rentals, utilities, wallet, and government transactions.
1 Fuel Point = ₹0.50, which is redeemable at IndianOil fuel stations.
How to Redeem Fuel Points at IndianOil Stations?
- Press ‘#’ on the POS Machine.
- Select ‘Instant Redeem’.
- Under Select Program, choose ‘XTRAREWARDS’.
- Click ‘OK’ to enter your mobile number for ‘XTRAREWARDS’.
- Click ‘OK’ and enter your mobile number.
- Enter the redemption amount.
IndianOil RBL XTRA Credit Card Features and Benefits
Here are the benefits offered by this fuel credit card.
Welcome Benefits
Get 3,000 Fuel Points upon realization of the joining charge and making a transaction of ₹500 or more within the first 30 days of card issuance. These Fuel Points are worth ₹1,500.
Milestone Rewards
On spending ₹75,000 in a quarter, cardholders shall be eligible for an additional 1,000 Fuel Points. This would mean on spending ₹300,000 in a year, cardholders shall get 4,000 Fuel Points. The annual fee shall also be waived upon completion of all the milestone benefits.
RuPay Benefits
The IndianOil RBL XTRA Credit Card can be linked to various UPI applications, making payments easy. This card also carries the benefits of the National Common Mobility Card.
Comparison With Other Fuel Credit Cards
Let’s compare the IndianOil RBL XTRA Credit Card with other popular fuel credit cards. This will allow applicants to apply for the card that is best suited for them.
| Features | IndianOil RBL XTRA Credit Card | IndianOil Axis Bank Premium Credit Card | BPCL SBI Octane Credit Card |
| Joining/Annual Fees | ₹1,500 + GST | ₹1,000 + GST | ₹1,500 + GST |
| Welcome Benefit | 3,000 Fuel Points | 500 EDGE Miles | 6,000 Bonus Points |
| Reward Rate | 15 Fuel Point/₹100 on Fuel Spends at IndianOil | 6X EDGE Miles/₹150 at IndianOil Outlets | 25 Reward Points/₹100 Spent at BPCL Fuel Stations |
| Domestic Lounge Access | None | 2 Free Lounge Visits Each Quarter | 1 Free Lounge Visits Each Quarter |
| Dining/Movies | None | Discounts on Zomato | Accelerated RPs on Movie and Dining |
Clearly, the IndianOil RBL XTRA Card cannot compete with Axis IndianOil Premium and SBI BPCL Octane. Although this card offers a slightly higher reward rate, it fails to deliver on many other privileges, such as discounts on dining and airport lounge access. It doesn’t even provide accelerated reward points for any other spending.
Bottom Line
The IndianOil RBL XTRA Credit Card is solely focused on rewarding fuel spends made with the card. Other fuel credit cards offer additional benefits, but this card fails to do so. It does offer a high reward rate of 7.5% on fuel spend with IOCL, but at the same, it also comes at a high joining fee of ₹1,500. To get the complete 2,000 Reward Points from this card, cardholders would need to spend ₹13,400 each month.
Pro Tip: Many users have reported issues with redeeming Fuel Points at IndianOil outlets, as many fuel stations simply do not support this.