Many of us visit the petrol pump at least a few times or more every month to refuel our vehicles. What if every trip to the pump, which is usually a spending experience, transforms into a rewarding experience? The IndianOil RBL Bank XTRA Credit Card can give you an 8.5% value back on your IndianOil petrol pump trips. In this article, we will understand the features and benefits of the IndianOil RBL Bank XTRA Credit Card, and whether it is the best fuel credit card in India.
Indian Oil RBL Bank XTRA Credit Card
- Welcome Benefit:
“Get 3,000 Fuel Points on beginning the journey. Just shop for INR 500 in one transaction within first 30 days of getting your card”
- Renewal Benefits:
“Annual fee waived if you spend more than INR 2,75,000 per year. “
- Usps:
Get accelerated 15 fuel points on every INR 100 spent at IndianOil fuel stations (Maximum 2,000 fuel points per month)
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Overview Table
| Feature | Details |
|---|---|
| Card type | Rewards card |
| Reward range | Up to 8.50% value back on fuel transactions |
| Joining fee | Rs. 1,500 + Taxes |
| Welcome bonus | 3,000 Fuel Points |
| Renewal fee | Rs. 1,500 + Taxes |
| Renewal benefit | NA |
| Best for | Fuel purchases at Indian Oil outlets |
| USP | Up to 8.50% value back on Indian Oil fuel purchases, bonus Fuel Points on quarterly spend milestones, annual fee waiver on spending Rs. 2.75 lakhs in the previous year |
Fees & Benefits
The joining fee for the IndianOil RBL Bank XTRA Credit Card is Rs. 1,500 + Taxes.
The cardholder gets a welcome benefit of 3,000 Fuel Points on spending Rs. 500 within 30 days of getting the card. The welcome benefit will be credited to the cardholder’s account within 60 days from the date of membership fees payment.
The annual renewal fee for the card is Rs. 1,500 + Taxes.
The annual renewal fee is waived on spending Rs. 2,75,000 in the previous year.
Rewards Structure
The IndianOil RBL Bank XTRA Credit Card has the following rewards structure.
| Transaction details | Reward rate |
|---|---|
| Fuel purchases at Indian Oil petrol pumps | 15 Fuel Points for every Rs. 100 spent, subject to a maximum of 2,000 Fuel Points every month |
| All other purchases, except for exclusions | 2 Fuel Points for every Rs. 100 spent |
Transactions at specified Indian Oil petrol pumps will earn accelerated rewards of 15 Fuel Points/Rs. 100 spent. For the list of the specified Indian Oil petrol pumps, refer to the RBL Bank website.
When the cardholder spends Rs. 75,000 or more in a quarter, they get a bonus of 1,000 Fuel Points. The total Fuel Points earned in a billing cycle will reflect in the subsequent month’s statement. The Fuel Points balance can be checked on the RBL Bank’s rewards portal (www.rblrewards.com) and RBL Bank App.
Exclusions: Spends on the following transactions/categories will not earn any Fuel Points:
| Category | Description |
|---|---|
| Utility bills | Electricity, water, gas, and other utilities |
| Insurance premiums | Life, health, general insurance payments |
| Quasi-cash | Transactions classified as quasi-cash |
| Railways-related transactions | Rail ticket bookings and related spends |
| Real estate/rental transactions | Rent and real estate payments |
| Education-related spends | School, college, and coaching fees |
| Wallet loading | Loading money into digital wallets |
| Government services | Government payments and services |
| Contracted services | Specific contracted or professional services |
| Cash | Cash withdrawals and advances |
| Transaction converted into EMIs | Purchases converted into EMIs |
| Bills2Pay | RBL Bank facility where cardmembers can pay various utility bills via RBL MyCard App/RBL MyBank App/internet banking channel |
| Miscellaneous (MCC – 5960) | Miscellaneous category transactions |
The above spends will not be counted towards calculating the quarterly milestone and annual fee waiver.
Rewards Redemption
In the earlier section, we saw how a cardholder can earn reward points using the IndianOil RBL Bank XTRA Credit Card. Let us now understand how to redeem the reward points. The Fuel Points have to be redeemed through the IndianOil XTRAREWARDS Program. It is Indian Oil Corporation’s loyalty program to reward individuals shopping from select retail outlets.
The XTRA REWARD points are loyalty points offered by Indian Oil Corporation. So, the Fuel Points earned on the IndianOil RBL Bank XTRA Credit Card must be converted into XTRA REWARD points on www.rblrewards.com or at an Indian Oil petrol pump POS machine. The XTRA REWARD points can then be redeemed at Indian Oil petrol pumps against fuel purchases.
Let us understand the Fuel Points conversion to XTRA REWARD points.
- 3 Fuel Points = 5 XTRA REWARD points
- The cardholder earns 15 Fuel Points/Rs. 100 spent
- Therefore, 15 Fuel Points = 25 XTRA REWARD points
Value of 1 XTRA REWARD point = Rs. 0.30
Value of 25 XTRA REWARD points = 25 x Rs. 0.30 = Rs. 7.5
Therefore, 15 Fuel Points = 25 XTRA REWARD points = Rs. 7.5
As the value of 15 Fuel Points = Rs. 7.5, the value of 1 Fuel Point = Rs. 0.50.
The cardholder earns 15 Fuel Points (equivalent to Rs. 7.5) for every Rs. 100 spent, translating into a 7.5% reward rate. Adding the 1% fuel surcharge waiver gives an 8.5% value back. Thus, a cardholder earns a total 8.5% value back on every Rs. 100 spent with the IndianOil RBL Bank XTRA Credit Card. With an 8.5% value back, the IndianOil RBL Bank XTRA Credit Card is one of the best fuel cards in India.
The Fuel Points conversion to XTRA REWARD points can be done at a POS terminal at the Indian Oil petrol pump. The cardholder can place a request for points conversion. The points conversion will be done within 48 hours, and you will receive an SMS confirmation from Indian Oil. The XTRA REWARD points can then be redeemed against fuel purchases at an Indian Oil XTRAREWARDS Program Participating Outlet.
The other option is to redeem Fuel Points on the RBL Bank’s reward portal (www.rblrewards.com). The value of each Fuel Point for redemption on the RBL Bank rewards portal is Rs. 0.1.
The reward points have a validity of 2 years from the date of credit.
Sample Savings Calculation
Let’s assume you spend ₹10,000 per month on fuel at IndianOil outlets.
| Component | Value | Calculation | Savings |
|---|---|---|---|
| Fuel Points | 15 FP per ₹100 | ₹10,000 × 15 FP = 1,500 FP | 1,500 FP = ₹750 value |
| Fuel Surcharge Waiver | 1% | ₹10,000 × 1% | ₹100 |
| Total Value Back | ₹850 (8.5%) | ||
Thus, you effectively earn ₹850 in value every month on ₹10,000 of fuel spends — far better than a standard cashback or rewards card.
Fuel Network Coverage:
- Valid only at participating IndianOil petrol pumps integrated with the XTRAREWARDS program.
- To find your nearest outlet, check the “XTRAREWARDS Participating Stations” list on the IndianOil website.
- Cap: Maximum of 2,000 Fuel Points per billing cycle.
Additional Features
The cardholder gets a 1% fuel surcharge waiver at Indian Oil petrol pumps for transactions between Rs. 500 and Rs. 4,000. The maximum waiver that can be earned in a month is Rs. 200.
The surcharge will be levied at the time of the fuel purchase transaction. Later, the surcharge will be reversed for eligible transactions. A consolidated reversal of the surcharge amount will be processed on the 23rd of every month, and the amount will be reflected in the cardholder’s statement. The GST levied on the surcharge amount will not be reversed.
How to Apply
The IndianOil RBL Bank XTRA Credit Card can be applied through the RBL Bank website. The applicant must be aged between 21 to 70 years.
Optimal Use
A cardholder can make optimal use of the IndianOil RBL Bank XTRA Credit Card for regular fuel purchases at participating Indian Oil petrol pumps. The cardholder can earn a maximum of 2,000 Fuel Points in a month. With monthly spends of Rs. 13,400, the cardholder will earn the maximum 2,000 Fuel Points.
Tips to Maximise Rewards
Refuel exclusively at participating IndianOil outlets to ensure you earn 15 Fuel Points per ₹100.
Avoid excluded categories such as utilities or insurance to not dilute your reward rate.
Convert Fuel Points promptly into XTRAREWARD points to prevent expiry (valid for 2 years).
Use for family vehicles or office fuel expenses to reach the ₹2.75 lakh annual spend target and waive renewal fees.
Track rewards via the RBL Rewards portal to ensure no points are missed due to MCC mismatches.
Eligibility & Documents
To apply for the IndianOil RBL Bank XTRA Credit Card, you must meet the following eligibility and documentation criteria:
Eligibility Criteria:
- Age: Between 21 and 70 years
- Employment Type: Salaried or self-employed individuals
- Income Requirement: Minimum annual income of ₹3 lakh (recommended)
- Credit Score: Preferably above 700 for smooth approval
Documents Required:
- Identity Proof: PAN Card, Aadhaar Card, or Passport
- Address Proof: Aadhaar Card, Utility Bill, or Rent Agreement
- Income Proof: Latest salary slips, Form 16, or ITR (for self-employed)
- Photograph: Passport-sized photo
Expert Verdict/Conclusion
If you have higher monthly fuel spends and are an Indian Oil Corporation (IOC) loyalist, consider taking the IndianOil RBL Bank XTRA Credit Card, one of the best fuel cards in India. It provides an 8.5% value back, which is a good reward rate on fuel expenses.
Frequently Asked Questions (FAQs)
Q1. Is there a renewal fee waiver on the IndianOil RBL Bank XTRA Credit Card?
Yes, the ₹1,500 renewal fee is waived if you spend ₹2.75 lakh in the previous card year.
Q2. Does this card offer a fuel surcharge waiver?
Yes, 1% fuel surcharge is waived for transactions between ₹500 and ₹4,000 at IndianOil pumps, up to ₹200 per month.
Q3. Can I apply online for the IndianOil RBL Bank XTRA Credit Card?
Yes, you can apply directly via the RBL Bank official website with basic KYC and income proof.
Q4. Are there limits to the number of Fuel Points I can earn?
Yes, a maximum of 2,000 Fuel Points can be earned per billing cycle through fuel purchases.
Q5. Can I use this card for non-fuel transactions?
Yes, you earn 2 Fuel Points per ₹100 spent on other eligible categories, except for excluded transactions like utilities or insurance.