Detailed comparison of IndianOil RBL Bank Credit Card and EXTRA Premium Credit Card. Know fees, benefits, value-back up to 8.5%, surcharge waiver, reward rates, and real user experience.
IndianOil RBL Extra Premium Credit Card Review: India’s Most Rewarding Fuel Credit Card?
The Indian fuel credit card market is highly competitive, but two cards from RBL Bank have recently gained massive popularity — IndianOil RBL Bank Credit Card and its upgraded version, the IndianOil RBL Bank EXTRA Premium Credit Card.
These “twin cards” offer exceptionally high value-back, going up to 8.5%, making them some of the most premium fuel credit cards in India today.
In this article, we compare both cards in detail — fees, benefits, value-back, surcharge waiver, exclusions, and real-world performance — to help you choose the right one for your fuel spending.
Fees & Welcome Benefits
1. IndianOil RBL Bank Credit Card
- Joining Fee: ₹500 + GST
- Welcome Benefit: 1000 Fuel Points
- Fuel Point Value: 1 FP = ₹0.50
- Total Welcome Value: ₹500
- Annual Fee Waiver: Spend ₹75,000 per year to get next year’s fee waived.
2. IndianOil RBL Bank EXTRA Premium Credit Card
- Joining Fee: ₹1,000 + GST
- Welcome Benefit: 3000 Fuel Points
- Fuel Point Value: 1 FP = ₹0.50
- Total Welcome Value: ₹1,500
- Annual Fee Waiver: Spend ₹2,75,000 per year.
Reward Rates & Value-Back Calculation
IndianOil RBL Bank Credit Card
- Regular Spending:
- 1 FP per ₹100 = 0.5% value-back
- Fuel Purchase at IndianOil Outlets:
- 10X Fuel Points
- Effective return = 5%
- Plus 1% fuel surcharge waiver
- Effective total value-back = ≈6%
IndianOil RBL Bank EXTRA Premium Credit Card
- Regular Spending:
- 2 FP per ₹100 = 1% value-back
- Fuel Purchase at IndianOil Outlets:
- 15X Fuel Points
- Effective return = 7.5%
- Plus 1% surcharge waiver
- Effective total value-back = ≈8.5%
This 8.5% return is currently unmatched by any other fuel credit card in the Indian market.
Fuel Surcharge Waiver Limits
- IndianOil RBL Bank Credit Card: Up to ₹100/month
- IndianOil RBL Bank EXTRA Premium: Up to ₹200/month
Quarterly Bonus Benefit (EXTRA Premium Only)
If you spend ₹75,000 in 3 months, you earn:
- 1000 Bonus Fuel Points = ₹500 additional value
Categories Where Fuel Points Are NOT Earned
Both cards do not offer reward points on:
- Wallet loads
- Rent payments
- Fuel purchases outside IndianOil
- Cash withdrawals
- EMI transactions
- Government payments
- Utility bill payments (sometimes restricted)
Which Card Gives Better Value? (Real Example)
Scenario: ₹5,000 monthly fuel spend
IndianOil RBL Bank Credit Card
- Value-back: 5% + 1% – GST adjustments
- Final return: ≈5.82%
- Annual benefit: ≈₹3,492
IndianOil RBL Bank EXTRA Premium
- Value-back: 7.5% + 1% – GST adjustments
- Final return: ≈8.32%
- Annual benefit: ≈₹4,992
Conclusion
Difference: ₹1,500 extra benefit per year with the EXTRA Premium Card.
For high monthly fuel users, the EXTRA Premium version is a no-brainer.
Reward Redemption Experience (User Issues)
Although the reward rate is excellent, there are two major issues:
1. Delayed Reward Accumulation
Many users report:
- Fuel Points not being credited on time
- Need to repeatedly contact customer support
2. Complicated Redemption System
Fuel Points must be converted into XTRAREWARDS (IndianOil loyalty) before redeeming fuel.
Two ways to redeem:
- Visit IndianOil outlet and request conversion
- Convert FP → XTRAREWARDS inside the RBL App manually
Conversion rate:
3 Fuel Points = 5 XTRAREWARDS
This multi-step process feels unnecessarily complex and the app is buggy at times.
Final Verdict: Should You Apply?
IndianOil RBL Bank EXTRA Premium Credit Card
Highly recommended if:
- You spend ₹4,000–₹10,000 per month on fuel
- You want the highest value-back (8.5%) on fuel in India
- You don’t mind the slightly complicated redemption process
IndianOil RBL Bank Credit Card
Recommended if:
- You want a low-fee fuel card
- You spend around ₹2,000–₹4,000 per month on fuel
- You are okay with ~6% effective value-back
Both cards are excellent, but the EXTRA Premium card clearly delivers maximum returns for regular fuel buyers.