IndianOil RBL Bank XTRA vs SBI Octane: Which Fuel Credit Card Reigns Supreme?
Choosing the right fuel credit card can significantly impact your savings. This detailed comparison of the IndianOil RBL Bank XTRA Credit Card and the SBI Octane Credit Card will help you decide which one best suits your needs.
IndianOil RBL Bank XTRA Credit Card
The IndianOil RBL Bank XTRA Credit Card is a co-branded card offering significant savings on IndianOil fuel purchases.
- Features: Up to 8.5% savings on IOCL fuel, 1,000 Fuel Points on ₹75,000 quarterly spends, 1% fuel surcharge waiver (₹500-₹4,000 spends), 3,000 Fuel Points welcome bonus.
- Benefits: High fuel savings, straightforward reward system.
- Drawbacks: Primarily focused on fuel; limited rewards outside fuel purchases; high annual fee.
Image Credit: RBL Bank
SBI Octane Credit Card
The SBI Octane Credit Card (BPCL co-branded) offers rewards on fuel and other spending categories.
- Features: 7.25% value back on BPCL fuel, 10X rewards on dining, movies, groceries & departmental stores, 1% fuel surcharge waiver (up to ₹100/month, up to ₹4,000 spends), 6,000 reward points welcome bonus.
- Benefits: Broader reward earning opportunities, complimentary lounge access.
- Drawbacks: High annual fee.
Image Credit: Paisabazaar
Feature Comparison
| Feature | IndianOil RBL Bank XTRA | SBI Octane |
|---|---|---|
| Annual Fee | ₹1500 | ₹1499 |
| Fuel Savings | Up to 8.5% | Up to 7.25% |
| Welcome Bonus | 3,000 Fuel Points | 6,000 Reward Points |
| Fuel Surcharge Waiver | 1%, up to ₹200/month | 1%, up to ₹100/month |
| Other Rewards | 2 Fuel Points per ₹100 | 10X on dining, movies, groceries, departmental stores; 1 point per ₹100 on other spends |
Use Cases
Let's examine how these cards perform in different scenarios:
Scenario 1: Monthly Fuel Spend of ₹10,000
| Card | Fuel Points/Rewards | Value (approx.) |
|---|---|---|
| IndianOil RBL Bank XTRA | 1500 Fuel Points | ₹750 |
| SBI Octane | 2500 Reward Points | ₹625 |
In this scenario, the IndianOil RBL Bank XTRA offers a slightly higher reward value.
Image Credit: YouTube
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