RBL Bank IndianOil Credit Card for Everyday Fuel Saving

Bio

Sandipan Mitra is the CEO and co-founder of Pice. He boasts eight years of experience in the B2B and fintech sector. Sandipan's journey includes significant roles at multiple Indian Unicorns Including Product at PayU, and as founding member / VP, Product at Open Financial Technologies.

4 Feb 26
4 mins

Sandipan Mitra

08 Mins
04-02-26

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Table of Contents

RBL Bank IndianOil Credit Card Benefits
RBL IndianOil Credit Card Reward Structure
IndianOil XTRA Rewards Program
RBL Bank IndianOil Credit Card Charges
Conclusion

The RBL Bank IndianOil Credit Card is an entry-level fuel-focused card with strong IOCL rewards.
Earn accelerated Fuel Points on IndianOil fuel spends and base rewards elsewhere.
Fuel surcharge waiver applies on eligible transactions, saving up to ₹100 monthly.
Annual fee is ₹500 + GST, with waiver on ₹1.75 lakh annual spends.
RuPay variant supports UPI payments and NCMC contactless travel.

The RBL Bank IndianOil Credit Card is offered by RBL Bank in partnership with IndianOil Corporation Limited. It is one of two variants, the other being the IndianOil RBL XTRA Credit Card.

This is the entry-level option, ideal for users who frequently refuel at IndianOil fuel stations. Cardholders earn high rewards on IOCL fuel purchases and base Fuel Points on non-IOCL fuel spends. With a joining and annual fee of ₹500 + GST, it delivers strong fuel savings.

RBL Bank IndianOil Credit Card Benefits

Welcome Fuel Benefit: You receive 1,000 Fuel Points after one eligible retail spend above ₹500 within 30 days of card issue.
Annual Fee Waiver: An annual spend of ₹1.75 lakh or more qualifies you for a ₹500 annual fee waiver. Only eligible retail spends count.
Fuel Surcharge Waiver: Fuel purchases between ₹500 and ₹4,000 earn a surcharge waiver. You save up to ₹100 per month.
Credit Card on UPI: The RuPay variant lets you pay through UPI Scan & Pay using your credit limit. Fuel Points apply as per card terms.
NCMC Travel Feature: The RuPay card supports NCMC for contactless travel. Tap at supported metro and transit networks across India.

Note: Transactions at small merchants follow separate reward eligibility rules under the card terms.

RBL IndianOil Credit Card Reward Structure

Earn 10 Fuel Points for every ₹100 spent at IndianOil fuel stations using the RBL IndianOil Credit Card. Accelerated points credit after bill generation.

Get 1 Fuel Point for every ₹100 spent on non-fuel purchases. This applies across most everyday categories, excluding specified merchant groups.

Note: Points appear in statements and are redeemable on the RBL rewards portal.

💡Just as statements show your earned points, the Pice App helps you stay on track by sending timely credit card bill payment alerts. Download the Pice App today!

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IndianOil XTRA Rewards Program

The IndianOil XTRA Rewards Program is a loyalty initiative by IndianOil Corporation Limited. It rewards purchases made at select IndianOil fuel stations and partner outlets.

When you use your IndianOil RBL Bank Credit Card, you earn Fuel Points that can convert into XTRA Reward Points for fuel savings.

How to Redeem XTRA Rewards at Fuel Stations?

Visit a participating IndianOil XTRA Rewards outlet.
Select Instant Redeem on the POS terminal.
Choose XTRAREWARDS and enter the registered mobile number.
Confirm the redemption amount to complete the transaction.

RBL Bank IndianOil Credit Card Charges

Parameters	Charges
Add-On Cards	₹200
Card Replacement Fee	NIL
Finance Charges	Up to 3.99% p.m. or 47.88% p.a.
Cash Advance Fee	2.5% or min ₹500
Late Payment Fine	12.5% of outstanding amount (₹5–₹1,300)
Overlimit Fee	NIL
Cheque Dishonour Fee	₹500

💡Irrespective of which credit card you have, the Pice App helps you pay your credit card bills and even track payment status. Download for a smooth experience.

Conclusion

The RBL Bank IndianOil Credit Card suits frequent IndianOil customers seeking affordable fuel savings. With accelerated Fuel Points, surcharge waivers, UPI-enabled RuPay convenience, and a low annual fee with waiver potential, it delivers steady value for everyday driving, commuting, and routine spends across India for urban motorists nationwide and families.