IndianOil RBL Bank XTRA Credit Card – Benefits, Fees & Eligibility

Introduction

The IndianOil RBL Bank XTRA Credit Card, issued by RBL Bank, is a straightforward yet rewarding fuel credit card primarily positioned for individuals seeking significant savings on fuel expenses. It distinguishes itself by offering a high reward rate of 7.5% on fuel purchases at IndianOil outlets, complemented by a 1% fuel surcharge waiver, resulting in a total savings of 8.5%. Cardholders can also benefit from welcome Fuel Points and milestone rewards, making it an attractive option for frequent fuel users.

Welcome Benefits

• Get 3,000 Fuel Points (worth ₹1,500) upon realization of the joining charge and making a transaction of ₹500 or more within the first 30 days of card issuance.
• The Welcome Benefit is applicable only after the annual membership fee is paid.

Fees

• Joining Fee: ₹1,500 + GST
• Renewal Fee: ₹1,500 + GST
• Spend-Based Waiver: The annual fee is waived on spends of ₹2.75 Lakh annually. This benefit is applicable only if the annual fees is paid.
• 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 up to ₹200 each month.
• Cash Advance Charges: 2.5% of the Cash Amount or a Minimum of ₹500

Rewards

• Fuel Spends at IndianOil Stations:
  • Earn 15 Fuel Points for every ₹100 spent at IndianOil fuel stations.
  • A maximum of 2,000 Fuel Points can be earned per month from these spends.
  • This translates to a reward rate of 7.5%.
  • Combined with the fuel surcharge waiver, it offers a total savings of 8.5%.
  • Fuel points are worth up to 250 liters of free petrol annually (on monthly spends of INR 45,000).
• Other Eligible Spends:
  • Earn 2 Fuel Points for every ₹100 spent on other purchases like shopping, dining, and everyday luxuries.
• Milestone Rewards:
  • Earn an additional 1,000 Fuel Points on spending ₹75,000 in a quarter.
  • This means cardholders can get 4,000 Fuel Points on spending ₹300,000 in a year.
  • The annual fee shall also be waived upon completion of all the milestone benefits.
• Exclusions for Fuel Points, Quarterly Milestone, and Annual Fee Waiver:
  • No Fuel Points shall be awarded for railways, rentals, utilities, wallet, and government transactions.
  • Purchases made under merchant categories such as Utilities (MCC 4900), Insurance (MCC 6300, 6310), Quasi-Cash (MCC 6050, 6051, 4829), Railways (MCC 0066, 4011, 4112), Real Estate/Rental (MCC 6513), Education (MCC 8220, 8244, 8249, 8211, 8241, 8299), Wallets/Service Providers (MCC 6540), Government Services (MCC 9400, 1490, 2490, 2995, 7800, 9406, 9222, 9405, 9399, 9211, 9402, 9401, 9311, 9223), Contracted Services (MCC 1711, 1740, 0763, 1520, 0742, 1761, 1799, 1750, 1731, 1771, 0780), Cash (MCC 6011, 6010), Miscellaneous (MCC 5960), Bills2Pay, and EMI conversion of retail transactions (Split-N-Pay & EMI conversion requests placed at the time of making transactions at POS/Web/Mobile App), fees (if any), charges & GST will be excluded from Fuel point benefit, quarterly milestone, and annual fee waiver.
• RuPay Benefits:
  • The IndianOil RBL Bank 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 (NCMC).
  • For RuPay Credit Cards, offline UPI transactions under INR 2,000 done at small merchants (merchants with turnover of not more than INR 20 lakh during the previous financial year) will not be eligible for rewards points, voucher benefits, milestone benefits, or any other product benefits, unless stated otherwise.

Rewards Redemption Guide

• Value: 1 Fuel Point = ₹0.50 when redeemed at IndianOil Outlets.
• 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.
• Note: Many users have reported issues with redeeming Fuel Points at IndianOil outlets, as some fuel stations may not support this.

Card Review

• Overall Verdict: The IndianOil RBL Bank XTRA Credit Card is solely focused on rewarding fuel spends made with the card, particularly at IndianOil outlets. While it offers a high reward rate on fuel, it lacks the diverse benefits found in other credit cards in the same segment.
• Pros:
  • Offers a high return of 7.5% on fuel purchases, which is a competitive rate among fuel cards.
  • Combined with the fuel surcharge waiver, it offers a total savings of 8.5% on fuel.
• Cons:
  • Fails to deliver on many other privileges, such as airport lounge access, dining discounts, or accelerated reward points for other spending categories, unlike some other fuel credit cards.
  • Comes with a joining fee of ₹1,500 + GST.
  • To get the complete 2,000 Fuel Points from accelerated fuel spends, cardholders would need to spend approximately ₹13,400 each month on fuel.
  • Users have reported issues with redeeming Fuel Points at some IndianOil outlets.

Important Product Details

• The IndianOil RBL Bank XTRA Credit Card is a fuel-oriented credit card.
• Cardmembers can save significantly on fueling expenses made with IndianOil.
• Fuel points are worth up to 250 liters of free petrol annually.
• Offers 15 Fuel Points/₹100 spent on fuel purchases with IndianOil (maximum 2,000 fuel points per month).
• Other eligible spends earn 2 Fuel Points/₹100 spent.
• The card is available on both MasterCard and RuPay networks.
• It offers 8.5% value back at IndianOil Fuel Stations (7.5% reward rate + 1% fuel surcharge waiver).

Other Details

• There is a revenue sharing arrangement between RBL Bank & IndianOil for this card.
• The card provides features of the National Common Mobility Card (NCMC) and RuPay Credit Card on Unified Payment Interface (UPI) for cards issued on the RuPay network.
• Grievance redressal information is available via email at cardservices@rbl.bank.in, with a nodal officer contact provided.
• Links to detailed terms and conditions, frequently asked questions, most important terms and conditions, cardmember agreement, and schedule of charges are available for reference.
• Information regarding the roles and responsibilities of the co-brand partner and a link to the RBI Sachet Portal are also provided.