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Fuel

4.1/5 Editorial Score

IndianOil RBL Bank Credit Card

High-Yield Fuel Points and Surcharge Savings at IndianOil Outlets

Best Suited For

Vehicle owners who patronize IndianOil petrol pumps and want automated fuel points redemption.

Fuel

Joining Fee

₹500

One-time upfront

Annual Fee

₹500

Waived on ₹1.75 lakh annual spend

Base Rewards

1 Fuel Point per Rs 100 on other retail spends (0.5% value back)

On eligible spends

Forex Markup

3.50% + GST

Cross-currency spends

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Last verified 2 Oct 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

4.1/5 Editorial Score

The IndianOil RBL Bank Credit Card is engineered to reward frequent motorists who consistently refuel at IndianOil (IOCL) retail stations across India. At an annual fee of ₹500 plus GST, the card welcomes new users with 1,000 Fuel Points upon making their first transaction within 30 days of card issuance, providing immediate upfront value. At the pump, the card delivers 8.5% valueback (comprising accelerated Fuel Points and a 1% fuel surcharge waiver) on IOCL fuel purchases. Furthermore, cardholders earn 1% valueback on grocery and supermarket spending (2 Fuel Points per ₹100) and 0.5% on other general retail expenditures. Accumulated Fuel Points can be redeemed seamlessly for free fuel at authorized IndianOil pumps or converted into gift vouchers. The limitation lies in category caps: accelerated fuel points are capped at 250 Fuel Points per statement cycle, preventing massive savings for high-mileage commercial vehicle operators. Additionally, fuel benefits apply only at IOCL outlets equipped with Citibank/Axis/IOCL authorized POS terminals. With an achievable fee waiver threshold of ₹1,00,000 annual spend, the IndianOil RBL Bank card is a dependable and rewarding choice for personal car and motorcycle owners who route their fuel spending through IndianOil.

Ideal For:Vehicle owners who patronize IndianOil petrol pumps and want automated fuel points redemption.

Fuel

Card Strengths

Up to 8.5% valueback at IndianOil fuel outlets via accelerated Fuel Points and surcharge waiver
1,000 Fuel Points welcome bonus on first transaction within 30 days of card issuance
2 Fuel Points per ₹100 on everyday grocery and supermarket purchases
1% fuel surcharge waiver across authorized IndianOil petrol stations nationwide
Annual fee waiver on ₹1,00,000 annual retail spending

Things to Keep in Mind

Accelerated fuel rewards capped at 250 Fuel Points per billing cycle
Accelerated pump benefits apply only at IndianOil outlets, not HPCL or BPCL
No complimentary domestic airport lounge access included
Standard 3.50% foreign exchange markup on overseas transactions

Additional Cardholder Privileges

Rewards

10 Fuel Points/₹100 Spent at IndianOil Fuel Stations. 1 Fuel Point/₹100 on Other Eligible Purchases

Welcome

Welcome Benefit 1

1,000 Fuel Points

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: IndianOil RBL Fuel Rewards
Reward Currency: Fuel Points
Base Earn Rate: 1 Fuel Point per Rs 100 on other retail spends (0.5% value back)
Point Value (INR): ₹0.5000 per point
Redemption Channels: Redeem for IndianOil fuel or fuel vouchers at 1 FP = Rs 0.50.
Reward Point Expiry: Fuel points valid for 2 years from date of accrual.

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
IndianOil Fuel Purchases	17 Fuel Points per Rs 100 on IndianOil fuel purchases (8.5% value back)	1,000 Other Points/mo	Standard terms apply
Grocery Purchases	2 Fuel Points per Rs 100 on grocery purchases (1% value back)	1,000 Other Points/mo	Standard terms apply
All Other Retail & UPI Spends	1 Fuel Point per Rs 100 on other eligible retail and UPI purchases (0.5% value back)	No Cap	Standard terms apply

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Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

Open Rewards Calculator

Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

Reward Calculator

Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

Quick Select:

Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

IndianOil Fuel Purchases17.00%

Cap: ₹1,000/monthly

₹

Grocery Purchases2.00%

Cap: ₹1,000/monthly

₹

All Other Retail & UPI Spends1.00%

No published cap

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
IndianOil Fuel Purchases	₹6,000	17 Fuel Points per Rs 100 on IndianOil fuel purchases (8.5% value back)	—	₹1,000/monthly	Calculating...	Under cap
Grocery Purchases	₹6,000	2 Fuel Points per Rs 100 on grocery purchases (1% value back)	—	₹1,000/monthly	Calculating...	Under cap
All Other Retail & UPI Spends	₹18,000	1 Fuel Point per Rs 100 on other eligible retail and UPI purchases (0.5% value back)	—	None	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

-₹500

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds - ₹500 annual fee.

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Milestone Spend Progression

Bonus vouchers and annual fee waiver milestones unlocked as your total spend increases

Tier 1 Target

₹1.75 lakhper year

Worth ₹500

Annual Fee Waiver

Spend Rs 1,75,000 in previous year to waive the Rs 500 annual renewal fee.

*Milestone spend calculation is tracked across eligible retail purchases within each specified billing or calendar period. Excludes cash advances, wallet loads, and EMI conversions.

Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

No Airport Lounge Access Included

This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): ₹500
Annual / Renewal Fee (2nd Year Onwards): ₹500
Annual Spend Fee Waiver: Waived on ₹1.75 lakh annual spend
Fee Terms Notes: Joining fee Rs 500 + GST; annual fee Rs 500 + GST waived on spending Rs 1,75,000 in preceding year.

2. International Spends

Foreign Currency Markup (Forex): 3.50% + GST
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): Refer to official schedule of charges
Annualized Interest Rate (APR): Refer to official schedule of charges
Cash Advance / ATM Withdrawal Fee: Refer to official schedule of charges
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: Refer to official schedule of charges

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

• Joining Fee: ₹500 + GST; Annual Renewal Fee: ₹500 + GST. • Fee Waiver: Spend ₹1,00,000 or more in the previous membership year to waive the renewal fee. • Welcome Benefit: 1,000 Fuel Points upon making the first transaction within 30 days of card setup. • Fuel Rewards: Up to 8.5% valueback (accelerated Fuel Points + 1% surcharge waiver) at IndianOil fuel pumps. • Monthly Cap: Accelerated Fuel Points capped at 250 points per billing cycle. • Grocery Rewards: 2 Fuel Points per ₹100 spent on groceries and supermarkets. • General Retail: 1 Fuel Point per ₹100 on other eligible retail spends.

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its ₹500 renewal fee.

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Eligibility & Application Requirements

Income criteria, minimum age, CIBIL score benchmark, and verification checklist

Eligibility criteria not specified

Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding IndianOil RBL Bank Credit Card application, fees, reward redemption, and eligibility

How do I redeem Fuel Points earned on the IndianOil RBL Credit Card?

Fuel Points can be redeemed directly for fuel at participating IndianOil petrol pumps by generating an OTP on your mobile, or redeemed online for merchant gift vouchers via the RBL MyCard app.

What is the welcome gift on this card?

You receive 1,000 Fuel Points after making your first purchase within 30 days of card issuance and paying the joining fee.

What is the spend hurdle to waive the ₹500 annual renewal fee?

The ₹500 renewal fee is waived if your cumulative eligible retail spending reaches or exceeds ₹1,00,000 in the previous 12-month membership period.

Is there a fuel surcharge waiver on this card?

Yes, you receive a 1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 at authorized IndianOil fuel outlets across India.

What is the joining and annual renewal fee for IndianOil RBL Bank Credit Card?

The joining fee for IndianOil RBL Bank Credit Card is ₹500 (one-time), and the annual renewal fee is ₹500 from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on IndianOil RBL Bank Credit Card be waived?

Yes, the annual renewal fee of ₹500 is waived upon achieving annual spends of ₹1.75 lakh in the preceding card anniversary year.

What are the primary rewards and cashback earn rates on IndianOil RBL Bank Credit Card?

IndianOil RBL Bank Credit Card offers 1 Fuel Point per Rs 100 on other retail spends (0.5% value back). Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does IndianOil RBL Bank Credit Card offer complimentary airport lounge access?

No, IndianOil RBL Bank Credit Card is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.