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

IndianOil RBL Bank XTRA Credit Card

Introduction

The IndianOil RBL Bank XTRA Credit Card is a straightforward fuel-oriented credit card designed to offer significant savings on fuel expenses made at IndianOil outlets. While it doesn't offer a wide array of features, it provides highly rewarding benefits specifically for fuel spends. Cardholders can earn 15 Fuel Points for every ₹100 spent at IndianOil stations, which translates to a reward rate of 7.5%. When combined with the fuel surcharge waiver, this card offers a total value back of 8.5% at IndianOil Fuel Stations. This can lead to substantial annual savings, with the potential to earn fuel points equivalent to 250 liters of free petrol annually.

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 3,000 Fuel Points are worth ₹1,500.

Fees

• Joining Fee: ₹1,500 + GST
• Renewal Fee: ₹1,500 + GST
• 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 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.
  • Maximum of 2,000 Fuel Points can be earned per month on IndianOil fuel spends.
  • This offers a high reward rate of 7.5%.
  • Combined with the fuel surcharge waiver, this provides an 8.5% value back at IndianOil Fuel Stations.
  • Potential to earn fuel points equivalent to 250 liters of free petrol annually.
  • Cardholders can save up to ₹1,000 each month on fuel purchases, leading to yearly savings of ₹12,000 on fuel alone.
• Other Eligible Spends:
  • Earn 2 Fuel Points for every ₹100 spent on other purchases.
• Exclusions:
  • No Fuel Points are awarded for railways, rentals, utilities, wallet, and government transactions.
• Milestone Rewards:
  • On spending ₹75,000 in a quarter, cardholders are eligible for an additional 1,000 Fuel Points.
  • Spending ₹300,000 in a year can earn cardholders a total of 4,000 additional Fuel Points.
  • The annual fee shall also be waived upon completion of all milestone benefits.
• Movies & Dining: Not applicable.
• Travel: Not applicable.
• Domestic Lounge Access: Not applicable.
• International Lounge Access: Not applicable.
• Golf: Not applicable.
• Insurance Benefits: Not applicable.
• RuPay Benefits:
  • The card can be linked to various UPI applications for easy payments.
  • It carries the benefits of the National Common Mobility Card.

Rewards Redemption Guide

• 1 Fuel Point is equivalent to ₹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.

Card Review

The IndianOil RBL Bank XTRA Credit Card is primarily designed for individuals whose major spending is on fuel, specifically at IndianOil stations. Its most significant advantage is the high return of 7.5% on fuel purchases, which is quite competitive among fuel cards, offering a combined savings of 8.5% with the fuel surcharge waiver. However, its scope of benefits is narrow, focusing almost exclusively on fuel.

Pros:

• Offers a high return of 7.5% on fuel purchases at IndianOil stations, which is a leading reward rate in the fuel card segment.
• Provides substantial annual savings on fuel, potentially equivalent to 250 liters of free petrol.
• Welcome benefits offset the joining fee.

Cons:

• Lacks diversified benefits such as airport lounge access, dining discounts, or accelerated rewards on other spending categories, which are often found in other credit cards within the same fee segment.
• To maximize the monthly fuel points (2,000 points), cardholders would need to spend approximately ₹13,400 each month on fuel.
• Some users have reported issues with redeeming Fuel Points at IndianOil outlets due to lack of support at certain fuel stations.

Overall Verdict: This card is best suited for individuals who frequently purchase fuel at IndianOil stations and are looking for maximum savings solely on fuel. If you are seeking a card with broader lifestyle benefits, travel perks, or rewards on diverse spending categories, this card may not be the ideal choice. Its value proposition is strong for its specific niche, but limited outside of it.

Important Product Details

• The IndianOil RBL Bank XTRA Credit Card is a credit card primarily oriented towards fuel benefits.
• Cardmembers can achieve significant savings on fueling expenses specifically made at IndianOil outlets.
• Fuel points earned are worth up to 250 liters of free petrol annually.
• Earn 15 Fuel Points for every ₹100 spent on fuel purchases at IndianOil stations.
• Earn 2 Fuel Points for every ₹100 spent on other purchases.
• The card is best suited for fuel expenses.
• Rewards are in the form of Fuel Points.

Other Details

• Provides 8.5% value back at IndianOil Fuel Stations.
• One Fuel Point is equivalent to INR 0.5 for buying XTRA Reward points redeemable at IndianOil Fuel Stations.
• Maximum monthly cap of 2,000 Fuel Points on spends at IndianOil fuel stations.