RBL IndianOil Xtra Credit Card Review
The RBL IndianOil Xtra Credit Card Review is here to help you understand if this card is worth your wallet space. Designed primarily for fuel enthusiasts, this card offers unique rewards and benefits tailored for IndianOil users. Let’s dive deep into its features, fees, and rewards to see if it’s the right fit for you.
Quick Verdict
- Is it good? Yes, especially for frequent fuel buyers at IndianOil outlets.
- Reward rate? Up to 15 RBL Reward Points per ₹100 on fuel purchases.
- Best for? Individuals who spend heavily on fuel and groceries.
Card at a Glance
| Annual Fee | ₹1,770 |
|---|---|
| Joining Fee | ₹500 |
| Fee Waiver | Spend ₹1,00,000 annually |
| Reward Rate | 15 RBL Reward Points per ₹100 on fuel |
Fees & Welcome Benefits
The RBL IndianOil Xtra Credit Card comes with an annual fee of ₹1,770 and a joining fee of ₹500. However, the annual fee can be waived off if you spend ₹1,00,000 in a year. This makes it a cost-effective option for moderate spenders. The welcome benefits include bonus points or a waiver on the joining fee upon meeting the spend criteria in the first 60-90 days.
Reward Point System Explained
The card offers an attractive reward structure. You earn 1 RBL Reward Point on every ₹150 spent. However, the accelerated rate of 15 RBL Reward Points per ₹100 on fuel purchases at IndianOil outlets makes this card stand out. Additionally, you can earn 2 RBL Reward Points per ₹100 on other transactions.
Redemption Options
Reward points can only be redeemed at IndianOil outlets, which is a limitation for those who prefer more flexible redemption options.
Travel & Lounge Benefits
Unfortunately, the RBL IndianOil Xtra Credit Card does not offer any lounge access benefits, which might be a drawback for frequent travelers.
Milestone Benefits & Fee Waivers
The card offers milestone benefits such as 1,000 Reward Points on spending ₹75,000 in a quarter for UPI transactions above ₹2,000. This adds an extra layer of rewards for those who use their card frequently.
Pros & Cons
| Pros | Cons |
|---|---|
| Excellent reward rate on IndianOil fuel | Reward points can only be redeemed at IndianOil outlets |
| Good supplementary reward rate on groceries | Card limit is shared with existing RBL credit cards |
| Annual fee waiver is achievable with moderate spends | General RBL Bank customer service experience can be mixed |
Who Should Get This Card?
The RBL IndianOil Xtra Credit Card is ideal for individuals who frequently purchase fuel from IndianOil outlets and spend moderately on groceries. If you’re looking for a card that offers high rewards on fuel and can waive off the annual fee with moderate spending, this card is for you.
Final Conclusion
In conclusion, the RBL IndianOil Xtra Credit Card is a solid choice for fuel enthusiasts. Its high reward rate on fuel purchases and achievable annual fee waiver make it a cost-effective option. However, the limited redemption options and lack of lounge access might be a drawback for some. If you frequently buy fuel from IndianOil outlets, this card is definitely worth considering.
For more detailed reviews, check out our RBL IndianOil Xtra Review.
External links: RBL Bank Official Page, CardExpert.in