IndianOil RBL Bank XTRA Credit Card Detailed Review of Features, Benefits and Rewards

In this era when credit cards offer more than a convenient way to pay, they have become a mechanism to earn rewards for your spending habits. Credit cards - A cashback to reward points, watch list for several benefitsispensable! And one such card that clearly shines in this vast market is the IndianOil RBL Bank XTRA Credit Card. This card is meant to serve frequent fuel buyers, and people that want to get the most bang for their buck, with an appealing rewards offering.

In this post, we’ll explore the features, benefits rewards’ structure, fees, and eligibility of the IndianOil RBL Bank Xtra Credit Card. If you are an avid traveler, frequent spender on fuel or just want a card that can provide you with value for money, this card might just be the one for you. Let’s get into the details of this unusual credit card.

About IndianOil RBL Bank XTRA Credit Card

The IndianOil RBL Bank XTRA Credit Card is issued in partnership with IndianOil, India's largest commercial enterprise. It's a card that is specifically designed to cater to the needs of today's consumer - saving money buying fuel, as well as enjoy the other lifestyle privileges. It's unique due to the fuel focused benefits it provides to cardmembers and because you can earn Fuel Points that can be redeemed for discounts at IndianOil fuel stations.

This credit card is perfect for people who spend a lot on fuel and want to get the rewards. But the card has several more perks in addition to that including reward points for everyday purchase, milestone rewards and dining discounts, which makes it a card that can appeal to all kinds of cardholders.

Highlights of the IndianOil RBL Bank XTRA Credit Card

Now, without any further ado, let us delve deeper into the comprehensive benefits followed by the features that make the IndianOil RBL Bank XTRA Credit Card tick:

Joining Fee

There is a joining fee of ₹1,500 + GST on this credit card.

Renewal Fee

The renewal fee is ₹1,500 per annum + GST. But renewal fee is waived off on spending ₹2.75 lakh in a year.

Fuel Surcharge Waiver

Cardholders get a waiver of 1% on fuel surcharge for transactions between ₹500 – ₹5,000 at any IndianOil pump throughout India. The maximum discount is 200 rupees a month.

Reward Points System

15 Fuel Points per ₹100 on fuel purchases at IndianOil outlets.
2 Fuel Points on every ₹100 spent on all other expenses like grocery, dining and entertainment.

Reward Redemption

1 Fuel Point = ₹0.50 if it is redeemed against free fuel at IndianOil outlets.

Milestone Benefits

Spend thresholds qualify you for Fuel Points and vouchers on the card. These points can also be redeemed for fuel savings or for other purchases.

Free Lounge Visits

The holders can relax with the privilege of free lounge access.

Online Spending

The card offers rewards on online spends, so it is ideal for people who shop across e-commerce websites.

Advantages of the IndianOil RBL Bank XTRA Credit Card

The IndianOil RBL Bank XTRA Credit Card offers a host of benefits that suit various consumer requirements. If you want to save money on gas and or want to earn points by dining out at your favorite restaurants, this card is for you. Now let’s deep dive into the main benefits.

Fuel Benefits

The namesake benefit of this credit card is fuel-related. If you do a lot of driving or are often taking long trips, this card has the potential to save you boatloads on fuel.

What are the primary fuel benefits with IndianOil RBL Bank XTRA Credit Card?

15 Fuel Points per ₹100 spent on fuel purchases at IndianOil outlets. This also means you can easily rack up substantial reward points with each refueling.

Redemption of Fuel Points: Fuel Points can be redeemed against transactions at any IndianOil petrol pumps. You earn ₹0.50 as fuel points on each ₹1 spent so when you spend ₹100, you get ₹7.5 as fuel discount.

The card is also equipped with 1% fuel surcharge waiver on transactions worth ₹500- ₹5,000, providing card members with the added benefit of cost-saving on fuel purchases.

Reward Points for Every Spend

Fuel is the main reward but the IndianOil RBL Bank XTRA Credit Card also earns 2 Fuel Points per ₹100 spent on other things such as groceries, dining, shopping and entertainment. It is perfect for cardholders who wish to capitalize on their day-to-day purchases with rewards. These can be built up so that you can spend then on more fuel discounts, shopping vouchers or online shopping for a range of products.

Milestone Benefits

Aside from the fuel and spending bonuses, there are also milestone benefits for reaching certain spend thresholds on this card. You can even get Fuel Points and gift cards on annual spends of ₹75,000 or above. It is an innovative peak that adds very little to the card, but that's a great improvement to the value of a card.

Complimentary Lounge Access

Additionally for the frequent travellers, the IndianOil RBL Bank XTRA Credit Card gives free access to airport lounges. You receive 1 complimentary lounge visit per quarter at domestic airports, which is a great perk if you like to chill out before a flight.

Fuel Surcharge Waiver

As stated above, the card provides a 1% fuel surcharge waiver on all fuel transactions at IndianOil outlets. This advantage is applicable on transactions of ₹500 to ₹5,000 – so you can lighten by your wallet by a serious amount on repeat of fuel bill payments over the year.

No Annual Fee on Spending

The card does not have any joining fee for now though there is an annual fee of ₹1,500 + GST, that can be waived off on spends of ₹2.75 lakh during the year. This is a nice kicker for heavy card users who frequently make big purchases with their credit cards because you get to keep the card for free if you can hit the spending threshold.

How Does IndianOil RBL Bank XTRA Credit Card Compare to Other Cards?

If compared to other top-end cards, the IndianOil RBL Bank XTRA Credit Card surely beats them for its dedicated fuel rewards and benefits. Generic rewards points or cashback are provided by many other credit cards, but the IndianOil RBL Bank XTRA Credit Card is designed for those who make regular fuel purchases.

Most cards including HDFC Bank Regalia Credit Card, Axis Bank Privilege Credit Card come with travel and lifestyle benefits but when it comes to maximizing those rewards on your fuel spends, then there is simply no better option in the IndianOil RBL Bank XTRA Credit Card. With the 15 Fuel Points per ₹100 spent on fuel and the fuel surcharge waiver, this is a great pick for people who drive regularly.

IndianOil RBL Bank XTRA Credit Card Eligibility Criteria

Eligibility criteria to apply for the IndianOil RBL Bank XTRA Credit Card Prior to applying for the IndianOil RBL Bank XTRA Credit Card, individuals need to meet the below mentioned eligibility criteria. Here’s what you need to know:

Age: 21 – 60 years of age.

Income:
There is a mandatory income eligibility for salaried customers with a minimum monthly income of ₹50,000.
Self-employed persons should have an annual income of at least ₹ 6 lakh.

CIBIL Score: You should have a good CIBIL score to get the approval, normally more than 750.

Last Word - IndianOil RBL Bank XTRA Credit Card

The IndianOil RBL Bank XTRA Credit Card is perfect for you if you happen to be a person that makes multiple fuel buys as it offers you handsome rewards, discounts and even rewards with fuel surcharge waiver. Plus, it comes with valuable rewards for daily spend as well as travel and dining. With the card’s generous rewards structure and milestone bonuses, it’s an appealing option for anyone seeking to leverage their spending power.

If you are in the market for a card that helps you save on fuel as well as earn other rewards, the IndianOil RBL Bank XTRA Credit Card is certainly a card you should look at. With its nominal annual fee, three ways to earn rewards and widely-associated travel benefits, the CO-OP card is designed to seamlessly integrate into your life, so you can take advantage of a wide variety of rewards.