IndianOil RBL Bank XTRA Credit Card
Joining Fee: ₹1,500 + GST
Renewal Fee: ₹1,500 + GST
Reward Type: Reward Points
Welcome Benefits
Initial Reward: Earn 3,000 Fuel Points (worth ₹1,500) by spending ₹500 or more within the first 30 days of issuance.
Rewards Program
Fuel Purchases: 15 Fuel Points per ₹100 spent at IndianOil stations (capped at 2,000 points per month). This equates to a 7.5% reward rate.
Other Eligible Spends: 2 Fuel Points per ₹100 spent.
Redemption Value: 1 Fuel Point = ₹0.50, redeemable only at IndianOil outlets.
Redemption Process
At IndianOil Stations:
- Press ‘#’ on the POS machine.
- Select ‘Instant Redeem’ and choose ‘XTRAREWARDS’.
- Enter your mobile number and redemption amount to redeem Fuel Points.
Milestone Rewards
Quarterly Spending: Spend ₹75,000 in a quarter to earn an additional 1,000 Fuel Points.
Annual Spending: Spend ₹3,00,000 in a year to receive 4,000 Fuel Points and get the annual fee waived.
Additional Features
RuPay & NCMC Benefits: Link with various UPI applications and also benefit from the National Common Mobility Card features.
Summary
The IndianOil RBL Bank XTRA Credit Card features a joining and renewal fee of ₹1,500 + GST each. New cardholders earn 3,000 Fuel Points (worth ₹1,500) by spending ₹500 within the first 30 days. The card offers 15 Fuel Points per ₹100 spent at IndianOil stations (capped at 2,000 points per month), equivalent to a 7.5% reward rate, and 2 Fuel Points per ₹100 on other eligible spends. Fuel Points can be redeemed at IndianOil outlets, with 1 point equaling ₹0.50. Additional rewards include 1,000 Fuel Points for quarterly spending of ₹75,000 and 4,000 Fuel Points for annual spending of ₹3,00,000, with the annual fee waived. The card lacks travel, lounge access, and insurance benefits and does not offer additional privileges compared to competitors like the IndianOil Axis Bank Premium Credit Card or BPCL SBI Octane Credit Card. Despite its high reward rate on fuel, its high joining fee and lack of extra benefits may make other cards more attractive options.