IndianOil RBL Bank XTRA Credit Card: A Detailed Review

Welcome offer illustration.

The IndianOil RBL Bank XTRA Credit Card offers a compelling proposition for frequent IndianOil fuel users. This in-depth review will analyze its features, benefits, drawbacks, and help you decide if it's the right card for you.

Key Features and Benefits

• High Fuel Valueback: Earn 15 Fuel Points for every ₹100 spent at IndianOil fuel stations, translating to a 7.5% valueback. A 1% fuel surcharge waiver adds an additional 1%, bringing the total savings to 8.5%.
• Welcome Benefit: Receive 3000 Fuel Points (equivalent to ₹1500) after paying the annual membership fee and making a transaction of ₹500 within the first 30 days.
• Milestone Rewards: Earn an additional 1000 Fuel Points per quarter for spending ₹75,000, potentially leading to a waiver of the annual fee.
• RuPay Benefits: The card is available on both MasterCard and RuPay networks. The RuPay version offers National Common Mobility Card (NCMC) features and UPI integration.
• Additional Rewards: Earn 2 Fuel Points for every ₹100 spent on non-fuel purchases.
• Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver up to ₹200 each month.

Fees and Charges

Fee Type	Amount
Joining Fee	₹1500 + GST
Annual Fee	₹1500 + GST (Waived on spends of ₹2,75,000 annually)
Rewards Redemption Fee	Potentially applicable (details unavailable from context)
Foreign Currency Markup	3.5% (as mentioned in one source)

Drawbacks

• High Annual Fee: The annual fee of ₹1500 + GST is relatively high compared to some other fuel cards.
• Limited Accelerated Rewards Categories: Accelerated rewards are primarily focused on fuel purchases, and other spending categories earn points at a lower rate.
• Redemption Restrictions: Fuel points are redeemable only at participating IndianOil fuel stations through the XTRA Rewards program.
• Annual Fee Waiver Requirements: Achieving the annual fee waiver requires significant spending (₹2,75,000) which may be difficult to achieve solely through fuel purchases.
• Redemption Issues Reported: Some users have reported difficulties redeeming Fuel Points at certain IndianOil outlets.

Use Cases and Recommendations

Let's explore some scenarios to illustrate the card's value proposition:

Scenario	Monthly Fuel Spend	Monthly Other Spends	Fuel Points Earned (Fuel)	Fuel Points Earned (Other)	Total Fuel Points	Estimated Value (₹)
Scenario 1: High Fuel User	₹15,000	₹5,000	2250	100	2350	1175
Scenario 2: Moderate Fuel User	₹5,000	₹10,000	750	200	950	475
Scenario 3: Low Fuel User	₹2,000	₹15,000	300	300	600	300

Recommendations: This card is ideal for individuals with significant monthly fuel expenses at IndianOil outlets. If your monthly fuel spend consistently exceeds ₹5,000, the high valueback outweighs the annual fee. For users with lower fuel spending, the card's value is reduced due to the high annual fee.

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Disclaimer: This review is based on publicly available information. Terms and conditions are subject to change. Always refer to the official RBL Bank website for the most up-to-date details.