LTF

🎁 Get up to ₹1,000 Amazon Voucher on select credit cards!

See Eligible Cards →
IndianOil RBL Bank Credit Card
Mastercard, RuPay 📡 Contactless NFC

IndianOil RBL Bank Credit Card

Joining Fee₹500
Annual Fee₹500
Forex Markup 3.5%

⚖️ Card Verdict & Target Persona

Who Should Apply

Drivers fueling regularly at IndianOil (IOCL) petrol pumps wanting industry-high 8.5% fuel savings, 3.75% on groceries, and RuPay UPI support.

Who Should Avoid

Motorists fueling at HPCL or BPCL stations or users seeking airport lounge access.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

1,000 bonus Fuel Points (worth ₹250 in fuel) on completing first fuel transaction at an IndianOil pump within 30 days

Up to 8.5% Savings on IndianOil Fuel

Earn up to 8.5% total fuel savings (7.5% as 30 Fuel Points per ₹100 + 1% surcharge waiver) at IndianOil petrol pumps via IOCL POS.

3.75% Valueback on Groceries

Earn 15 Fuel Points per ₹100 (3.75% valueback) on Grocery shopping and Supermarket spends (capped at 1,000 points/month).

Low Spend-Based Fee Waiver

Annual renewal fee of ₹500 is waived off on spending ₹50,000 or more in the previous anniversary year.

💰 Reward Structure & Point Valuation

1 Fuel Points = ₹0.25
Standard Base Earning
2 Fuel Points per ₹100 spent on other retail purchases (0.50% return; 1 FP = ₹0.25)
Accelerated / Partner Rate
30 Fuel Points per ₹100 (7.50% return) on fuel purchases at IndianOil petrol pumps (capped at 1,000 points/billing cycle); 15 Fuel Points per ₹100 (3.75% return) on Groceries and Supermarkets (capped at 1,000 points/month)
Points Validity:24 Months
Redemption Fee: ₹99 + GST / cycle
Redemption Modes: Instant Fuel Redemption at IndianOil Petrol Pumps via XTRAREWARDS (1 FP = ₹0.25), RBL Rewards Portal (Brand Vouchers & Electronics)
🚫 No Reward Points / Cashback on:
Non-IOCL Fuel Wallet Loads Rent Payments Government Transactions Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✗ No Free Lounge Access
🛫
Domestic Lounge VisitsNone
🌐
International Lounge VisitsNone
⚠️

Spend Criteria: None

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹50,000/yr
Annual renewal fee of ₹500 is waived off on spending ₹50,000 or more in the previous anniversary year
UPI Payments Support✓ Supported (RuPay)
2 Fuel Points per ₹100 on eligible RuPay merchant UPI transactions
Fuel Surcharge Waiver1% Surcharge Waived
1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 at IOCL pumps (Capped at ₹100/mo)

📋 Eligibility Criteria

✓ Official Criteria
Age Limit21 - 70 Years
Min. Monthly Income₹25,000
Min. Credit Score720 CRIF
Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.99% per month (47.88% per annum)
Late Payment Penalties:Late payment charges slab-based up to ₹1,300
Official Bank Portal Application

Get the IndianOil RBL Bank Credit Card

Annual Fee: ₹500/yr (Waivable)

Personalized Card Matcher

Still Confused About Your Best Match?

Don’t guess your cashback. Tell CardGuru your monthly grocery, UPI, and online shopping spends to calculate your exact net rupee returns in 10 seconds.

⚡ Instant Net Yield Math•🛋️ Lounge Fee Gate Check•🆓 100% Free & Impartial
Ask CardGuru Now→Takes less than 15 seconds

🔍 Related Credit Card Collections

Best Credit Cards for 720 CIBIL Score LTF Cards for Salary Under ₹25,000 All RBL Bank Credit Cards RuPay UPI Credit Cards Best Mastercard Credit Cards Best RuPay Credit Cards

Frequently Asked Questions

No, IndianOil RBL Bank Credit Card has a joining fee of ₹500 and an annual renewal fee of ₹500 (plus applicable taxes).