IndianOil RBL Bank Credit Card – Benefits, Fees & Eligibility

Introduction

The IndianOil RBL Bank Credit Card, issued by RBL Bank, is an entry-level to mid-range co-branded credit card primarily designed for individuals who frequently purchase fuel at IndianOil outlets. It stands out by offering a high reward rate of 5% on fuel spends at IndianOil stations, complemented by a 1% fuel surcharge waiver, leading to significant savings. This card is an affordable option with a joining and annual fee of ₹500 + GST, making it suitable even for first-time credit card users focused on fuel expenditure.

Welcome Benefits

• 1,000 Fuel Points upon joining.

Fees

• Joining Fee: ₹500 + GST
• Annual Fee: ₹500 + GST
• Spend-Based Waiver: The annual fee is waived on spends of ₹1.75 Lakh in a year.
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency 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

Rewards

• Accelerated Fuel Points: Earn 10 Fuel Points for every ₹100 spent at IndianOil fuel stations.
  • A maximum of 1,000 Fuel Points can be earned each month on fuel spends, offering savings of ₹500 per month.
• General Spends: Earn 1 Fuel Point for every ₹100 spent on other eligible purchases, including shopping.
• Movie & Dining: Not applicable
• Travel: Not applicable
• Domestic Lounge Access: Not applicable
• International Lounge Access: Not applicable
• Golf: Not applicable
• Insurance Benefits: Not applicable

Rewards Redemption Guide

• Fuel Point Value: 1 Fuel Point = ₹0.50.
• Redemption Method: Fuel Points can be redeemed at IndianOil stations.

Card Review

This is an advantageous credit card for individuals who frequently purchase fuel at IndianOil stations, offering a high reward rate of 5% on such spends. It is a basic card with an affordable fee of ₹500, making it accessible for those seeking their first fuel credit card. The card allows for potential annual savings of up to ₹6,000 on fuel expenditure. However, its primary drawback is that it does not offer a high reward rate for spending categories other than fuel.

Important 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.
• The value of 1 Fuel Point is ₹0.50.
• A maximum of 1,000 Fuel Points can be earned each month on fuel spends.
• The annual fee of ₹500 can be waived by spending ₹1,75,000 in a year.

Other Details

• The IndianOil RBL Bank Credit Card is available on the RuPay network and can be linked to various UPI applications.