Complete review of the IndianOil RBL Bank Credit Card. Get up to 6% fuel savings, ₹500 welcome benefit, surcharge waiver, rewards, fees, and eligibility details.
IndianOil RBL Bank Credit Card Review: 6% Fuel Savings & Full Features Explained
The IndianOil RBL Bank Credit Card is one of the most value-packed fuel credit cards in India. With up to 6% savings on fuel, strong reward benefits, and low annual fees, this card is ideal for anyone who spends regularly on petrol or diesel. In this article, we cover its fees, rewards, surcharge waiver, and eligibility—so by the end, you’ll know whether this card is worth applying for.
Fees & Charges
- Joining Fee: ₹500 + taxes
- Annual Fee: ₹500 + taxes (from 2nd year onward)
- Annual Fee Waiver: Spend ₹1,75,000 in a year to waive next year’s fee.
Other Charges
- Cash Withdrawal Fee: 2.5% of the withdrawn amount
- Finance Charges: Up to 3.99% per month for late payment
- Forex Markup Fee: 3.5% on international transactions
Welcome Benefit
Within 30 days of card issuance, complete one transaction above ₹500 to receive:
- 1000 Fuel Points (worth ₹500)
This welcome benefit effectively recovers your joining fee.
Fuel Rewards – Save Up to 6%
When you fuel at IndianOil outlets:
- 10 Fuel Points on every ₹100 spent
- 1 Fuel Point = ₹0.50
- Effective savings on fuel = 5%
Monthly Reward Cap
- Maximum 1000 Fuel Points per month (worth ₹500)
Annual Value
- ₹500 × 12 months = ₹6,000 yearly savings on fuel
For a card costing ₹500/year, saving ₹6,000 annually is an excellent return.
1% Fuel Surcharge Waiver
You get an additional 1% fuel surcharge waiver on transactions between ₹500–₹4,000.
- Monthly cap: ₹100
- Annual savings: ₹1,200
Total Fuel Savings
- 5% (rewards) + 1% (surcharge waiver)
- Total = 6% savings on fuel
Rewards on Other Spending
Apart from fuel, you earn:
- 1 Reward Point per ₹100 spent on all retail transactions (online/offline)
UPI Payments (RuPay Variant Only)
If you take the RuPay version, you can use this credit card for:
- UPI payments on Google Pay, PhonePe, Paytm, etc.
Tap & Pay Feature
- Contactless payments supported up to ₹5,000 per transaction.
- Above ₹5,000 requires chip + PIN.
Eligibility Criteria
To apply, you need:
- PAN card
- Identity proof
- Address proof
Apply using the link provided in your description.
Conclusion
The IndianOil RBL Bank Credit Card is a powerful value-for-money card for fuel spenders. With 6% total fuel savings, low annual fee, welcome benefits, and UPI compatibility (RuPay variant), it delivers far more value than it costs.
If your monthly spending includes regular fuel expenses, this card can easily save you ₹7,000+ per year.
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