IndianOil RBL Bank Credit Card: Features, Benefits and More

Credit cards no longer serve as simple payment devices in the modern world. They can provide dozens of perks, including cashback and rewards or lifestyle benefits such as dining deals and travel perks. The IndianOil RBL Bank Credit Card is one such offering that stands out in this cluttered space, particularly for individuals who are in the habit of always topping up their fuel tanks at IndianOil stations. This card is made for both the average and luxury user, with lots of perks such as points for fuel, welcome bonuses, and a couple other lifestyle perks as well.

In this article, we’ll do an analysis of the IndianOil RBL Bank Credit Card — including its features, rewards programme, fees, etc. — and we’ll compare it with a few other cards as well.

Brief on IndianOil RBL Bank Credit Card

The IndianOil RBL Bank Credit Card is a collaborative card which consolidates the trust of RBL Bank and the accessibility of IndianOil all over India. This card has been created to provide outstanding value on fuel spends and is suitable for those who refuel at IndianOil stations on a frequent basis. But it doesn’t stop there. That card also comes with a number of additional benefits, such as access to discounts on dining, shopping and more.

Whether you wish to save on your fuel costs, collect reward points, or gain access to a host of special deals, the IndianOil RBL Bank Credit Card offers you a co-branded solution for all your financial and lifestyle requirements.

IndianOil RBL Bank Credit Card Features

But, before we proceed to benefits, let us see the core features that makes it a winner among consumers in the form of IndianOil RBL Bank Credit Card.

Joining and Renewal Fees

Joining Fee: ₹500 + GST
Renewal Fee: ₹500 + GST
Fee Waiver: The renewal fees are reversed on spending ₹1.75 lakhs in the year prior. This makes the card really cheap even for higher spenders on fuel and everyday purchases.

Reward Points System

With great reward points, the IndianOil RBL Bank Credit Card is designed to reward you on all your transactions. Here’s how it works:

10 Fuel Points on ₹100 at any IndianOil Outlet.
1 Fuel Point on every ₹100 spent on all other purchases.
Fuel Points are redeemable as a discount on fuel purchases at IndianOil stations (1 Fuel Point = ₹0.50)

Fuel Benefits

Since the card is co-branded with IndianOil there are plenty of offers relating to fuel that it is filled to the brim with:

Fuel Points: Get Fuel Points with IndianOil purchases.
Fuel Surcharge Waiver: Enjoy 1% fuel surcharge waiver, on fuel transactions of ₹500 to ₹4,000 (excluding GST, wherever applicable, & all other charges). You will be able to save upto ₹200/month on fuel expenses.

Welcome Benefits

Upon receiving your new IndianOil RBL Bank Credit Card, there are some interesting welcome benefits that will come your way:

1,000 Fuel Points with first purchase of ₹500 or more within 30 days from the date of issuance of the card. It’s a nice way to begin racking up some rewards when you first start using the card.

Advantages of the IndianOil RBL Bank Credit Card

Now, let's explore the key advantages that differentiate the IndianOil RBL Bank Credit Card from the pack.

Fuel-Related Rewards

The best thing about this card is the savings on gas. Cardholders receive 10x the amount of fuel points which is fairly higher of that assigned by other cards on fuel purchases, for every ₹100 spent at IndianOil fuel outlets. It's the game-changer for those who have to commute daily to work and rely on their car.

The Fuel Points earned are redeemable for discounts at IndianOil outlets, leading to significant savings on each refuel. Apart from Fuel Points, you get a waiver of 1% fuel surcharge, on transactions between ₹500 – ₹4000 with a maximum waiver of ₹250 in a statement cycle, which makes the card a good pick for regular fuel buyers.

Other Discounts and Cashback on Purchases

The IndianOil RBL Bank Credit Card is not limited to fuel benefits. It gives 1 Fuel Point for every ₹100 spent on all other purchases such as dining, entertainment and retail shopping. These points can be used for fuel discounts or cashback on shopping, which provides more versatility.

Cardholders can also earn bonus reward points by buying from partner brands, so it’s an even smarter choice if you enjoy online shopping or dining out. On top of the savings, the card gives you cash back on certain categories.

Dining and Shopping Offers

Its card also offers special discounts at more than 1,000 restaurants and eateries across India. You can save a lot on your dining bills by paying them with IndianOil RBL Bank Credit Card. Beside shopping discounts are available with other promotion from shopping mall which is suitable for shopping lovers.

Other Lifestyle and Travel Benefits

In addition to fuel savings and dining benefits, the lifestyle and travel benefits available on the IndianOil RBL Bank Credit Card include:

Exclusive Access to Airport Lounges

Being a high-end credit card, the IndianOil RBL Bank Credit Card offers free access to the airport lounges so that take the load off your feet before taking off. This is a great perk for the chronic traveler who wants access to quiet lounges that offer Wi-Fi, snacks and business services.

Insurance Coverage

Insurance The IndianOil RBL Bank credit card offers its customers extensive insurance to protect them in times of need:

Quick-response Purchase Protection: Reimbursement for damage or theft of purchases made with the card.
Credit Shield: Insures against any unpaid credit card balance when the cardholder dies from an accident. This protection keeps your family from financial strains.

Eligibility Criteria

To apply for the IndianOil RBL Bank Credit Card, you need to fulfil the following criteria:

Age: 21 to 70 years
Income:
Salaried: At least ₹25,000 per month
Self-employed: Minimum annual income of ₹3 lakh
Category of Individuals: Salaried/Self-employed-Professionals/Businessmen can apply for the card
Citizenship: Indian residents

Comparison with Other Credit Cards

The IndianOil RBL Bank Credit Card is a good card for fuel benefits but how does it stack up against the competition in the market?

HDFC Bank MoneyBack Credit Card

Gives 1% cashback on all spends, however, the IndianOil RBL Bank Credit Card is preferable as it offers more Fuel Points on fuel transactions.

HDFC card has lower joining fee but they don’t have such exclusive dining, lounge access and few do not waive off fuel surcharge charges.

ICICI Bank Coral Credit Card

Welcomes you with bonus points in several categories and includes free airport lounge visits. But the IndianOil RBL Bank Credit Card is tailored for those who use fuel and makes more sense for regular drivers.

Standard Chartered Manhattan Platinum Credit Card

While this card does give you 1% cashback on all transactions, the offer by IndianOil RBL Bank Credit Card is more rewarding if you tend to refuel a lot at IndianOil outlets.

As compared to these cards, the IndianOil RBL Bank Credit Card comes with rewards tailored specifically for fuel users, and can be a good pick for those seeking to get rewarded for spending on their drive.

Final Thoughts

Best For People Who Use IndianOil Stations Frequently The IndianOil RBL Bank Credit Card is one of the best choices for people who frequently tank up at IndianOil stations. This makes it satiate for those who’re looking to make their fuel swipes rewarding given the absolutely good fuel-related benefits, attractive welcome benefits and numerous Lifestyle benefits on the card.

If you want to get rewarded with fuel points or enjoy shopping and dining discounts or if you prefer to have access to quality airport lounges, this card has everything you need for a better spending experience. With a low annual fee and options for waiving it, it’s a solid card for someone looking to major in savings and minor in perks.

If you are a big spender in fuel, then IndianOil RBL Bank Credit Card is a card to consider. It’s not only a way to let you save on gas, but it has added benefits that makes it perfect for those daily buys.