Indian Oil RBL Xtra Credit Card
Indian Oil RBL Bank XTRA Credit card gives one of the highest 7.5% Cashback on spending on Indian Oil (IOCL) Fuel Station, which is attractive for those who has nearby IOCL petrol pump to get the benefit of up to ₹1,000 / Month as cashback.
We will review this card in detail, its benefits, maximum limit, pros and cons, and our verdict at the end to clarify who should apply and who should not, so read the complete review till the end before applying.
Indian Oil RBL Xtra Credit Card Features
| Feature | Details |
|---|---|
| Joining Fee | ₹1,500 + GST (18%) |
| Annual Fee | ₹1,500 + GST (18%) |
| Fee Waiver | Annual Fee waived off on ₹2.75Lakh spend |
| Base Reward Rate | 7.5% |
| Best Reward Categories | fuel |
Indian Oil RBL Xtra Credit Card Eligibility Criteria
| Criteria | Details |
|---|---|
| Minimum Income | ₹10,000 / month |
| Employment Type | Salaried & Self Employed |
| Age Requirement | 18-75 Years |
There are no clear, hard and fast requirements mentioned for this credit card, so if you have a good credit score and want savings on Fuel spend, then you can apply for this card. Both Salaried and Self-employed are allowed to apply.
Indian Oil RBL Xtra Credit Card Rewards & Benefits
| Reward Type | Details |
|---|---|
| Welcome Bonus | 3,000 Fuel Points (₹1,500 Cashback) on 1st transaction. |
| Bonus Categories | RBL Bank Card, Fuel Credit Card |
| Reward Structure |
|
| Reward Exclusions | No reward points for Utility, Insurance, Railways, Rent, Education, Wallets, EMI, Government transactions. |
There are rewards in the form of Fuel Points, which many people are confused about; so let me clear everything:-
- 15 Fuel Points on every ₹100 spent on an Indian Oil (IOCL) petrol pump.
- 2 Fuel Points = ₹1, so 15 Fuel points = ₹7.5 per ₹100 spent, which is 7.5% effective cashback on fuel spent.
So, for example, if you spent ₹5,000 on an Indian Oil Petrol pump, then you’ll get 750 Fuel points which is equal to ₹375 as an cashback or equal to 7.5% discount
Now, there is a maximum limit of 2,000 Fuel Points / Month or ₹1,000 cashback/ Month. According to this limit, you’ll get 7.5% cashback till ₹13,333 / Month spent on fuel, which can be less for those whose usage is heavy on Fuel.
Now, apart from it, this card also has a fuel surcharge waiver of 1% upto (₹200/ Month), so in this way bank claims to give 7.5%+1% = 8.5% cashback on fuel spending.
- This card also has 1% cashback on other spending than the IOCL Fuel station.
- Welcome Bonus 3,000 Fuel Points ~₹1,500 on 1st transaction of minimum ₹500 within 30 Days.
- Also, Quarterly 1,000 Fuel points (₹500) on ₹75,000 spend.
How to Apply for Indian Oil RBL Xtra Credit Card
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Check Eligibility
If your monthly income is ₹10,000 or more , your age falls within 18-75 Years , and you are a Salaried or Self-Employed applicant , and you meet other basic requirements, you can apply for the Indian Oil RBL Xtra Credit Card by following the steps below.
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Click Apply Now
Click the apply button below to visit the official application page. The process is secure, fully online, and can be completed in just a few minutes.
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Fill Application Form
Enter your personal, employment, and income details accurately as per your official documents.
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Submit Documents
Upload PAN, Aadhaar, address proof, and income proof if requested during the application.
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Approval & Delivery
Once approved, your credit card will be dispatched and delivered to your registered address.
Pros & Cons
Pros
- High 7.5% Cashback on Fuel spend.
- 1% Cashback on other spending also.
- Welcome Bonus of ~₹1,500 on 1st transaction
- Rupay variant supports UPI (easy to use)
Cons
- Reward caps 2,000/Month on fuel.
- High Annual fee waiver off ₹2.75 Lakh.
- No Lounge Access.
Our Verdict
After completing the review, those who spend ₹10-15 thousand per month on Indian Oil (IOCL) Fuel spend can apply for this card to get the benefit of 7.5% cashback + 1% surcharge waiver that is one of the highest rewards in the fuel spend card category.
Now, if you spend within this limit and have access to a nearby IOCL Petrol pump, then you can apply for this card, but if your spending is higher than this card’s limit or has other fuel stations nearby, then you can select any other best fuel credit card.