IndianOil RBL Bank XTRA Credit Card

A ₹10,000 fuel month on the XTRA

Fill ₹10,000 a month at an IndianOil pump that RBL has mapped, and the XTRA earns 15 Fuel Points per ₹100: 1,500 points, worth ₹750 at ₹0.50 each. The 1% surcharge waiver adds up to ₹100. That is about ₹850 a month, or ₹10,200 a year, against a fee of ₹1,500 + GST (₹1,770).

Now the same month at ₹2,000 of fuel: ₹150 in points and ₹20 of waiver. Over a year that is about ₹2,040, which barely covers the fee once GST and redemption charges come out. The XTRA is a card for people who drive a lot.

This page covers the XTRA. The cheaper IndianOil RBL Bank Credit Card (₹500) pays about 6% instead of 8.5%. Axis, Kotak and HDFC IndianOil cards use different point systems.

Where 8.5% comes from, and where it stops

• IndianOil fuel: 15 Fuel Points per ₹100 (7.5%) plus the 1% surcharge waiver, for 8.5%. Points cap at 2,000 a month, which you reach at about ₹13,333 of fuel.
• Other eligible spends: 2 Fuel Points per ₹100, which is 1%.
• No points on railways, rentals, utilities, wallets, government, cash or EMI transactions.

Some users argue the real figure is lower. The surcharge waiver is capped at ₹200, users report that the GST on the surcharge is not refunded, and one in-depth review worked the effective rate out to about 7.8%. Plan around 7.5% to 8% and you will not be disappointed.

Mapped pumps and the redemption fee

The two complaints users raise most often are both practical. First, the 15 points only post at IndianOil outlets RBL recognises; a fill on a third-party Paytm or PhonePe machine can earn base points. Do one test fill and check your statement.

Second, redemption. Users report a fee of about ₹99 + taxes per request, and a roundabout process of moving points from the RBL app to the IOCL app before using them at the pump. On a ₹500 redemption that fee eats almost a quarter of the value. On ₹2,000 it is about 6%. Redeem in large batches.

The ₹75,000 quarter

Spend ₹75,000 in a quarter and you get 1,000 Fuel Points (₹500). Do it all four quarters and that is ₹2,000 a year, and your ₹3 lakh of spend also clears the ₹2.75 lakh annual fee waiver. The welcome bonus is 3,000 Fuel Points (₹1,500) once the fee is paid and you make a ₹500+ purchase within 30 days, so year one is close to free.

Who the XTRA is right for

It suits you if you spend ₹5,000 to ₹13,000 a month at IndianOil, your pump posts correctly, and you can redeem in big chunks. At that level users rank it among the top fuel cards.

If your fuel bill is under about ₹4,000 a month, the standard RBL card costs less and earns enough. If you fill up at BPCL, users often compare this card with the BPCL SBI Card OCTANE, which they say is simpler to redeem.

Credit Card Information Compiled by: Abhijeet Kumar | Reviewed by: Anmol Ratan Sachdeva