Highest ValueBack IndianOil RBL Bank XTRA Credit Card | Fuel Points | Review | Benefits | New Launch

Highest ValueBack IndianOil RBL Bank XTRA Credit Card | Fuel Points | Review | Benefits | New Launch
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The IndianOil RBL Bank XTRA Credit Card is a specialized fuel credit card designed to maximize savings on fuel purchases at IndianOil outlets. This card is ideal for individuals who frequently spend on fuel and are looking for a straightforward way to earn rewards and save money.
Key Features and Benefits
1. Welcome Benefits:
o Get 3,000 Fuel Points upon payment of the joining fee and making a transaction of ₹500 or more within the first 30 days. These points are worth ₹1,500.
2. Reward Points:
o Earn 15 Fuel Points per ₹100 spent at IndianOil fuel stations, translating to a reward rate of 8.5%.
o Earn 2 Fuel Points per ₹100 on other eligible spends.
o Maximum of 2,000 Fuel Points can be earned per month, equivalent to ₹1,000 in savings.
3. Fuel Surcharge Waiver:
o Enjoy a 1% fuel surcharge waiver on transactions at IndianOil outlets, adding to your overall savings.
4. Milestone Rewards:
o Earn an additional 1,000 Fuel Points on spending ₹75,000 in a quarter. This can lead to a total of 4,000 Fuel Points annually if the milestone is consistently met.
5. Annual Fee Waiver:
o The annual fee of ₹1,500 is waived upon spending ₹2,75,000 in a year.
6. Redemption:
o Fuel Points can be redeemed at IndianOil fuel stations, with 1 Fuel Point = ₹0.50.
Fees and Charges
• Joining Fee: ₹1,500 + GST
• Renewal Fee: ₹1,500 + GST
• Interest Rate: 3.99% per month (47.88% per annum)
Pros and Cons
Pros:
• High reward rate on fuel spends.
• Significant savings on fuel purchases.
• Easy redemption process at IndianOil outlets.
• Annual fee waiver on meeting spending criteria.
Cons:
• Limited to fuel-related benefits.
• High joining and renewal fees.
• No rewards on certain transactions like railways, rentals, utilities, wallet, and government transactions.
How to Redeem Fuel Points
1. Press ‘#’ on the POS Machine at IndianOil stations.
2. Select ‘Instant Redeem’.
3. Choose ‘XTRAREWARDS’ under the Select Program.
4. Enter your mobile number and the redemption amount.
Conclusion
The IndianOil RBL Bank XTRA Credit Card is a fantastic option for those who primarily spend on fuel. With its high reward rate and easy redemption process, it offers substantial savings on fuel purchases. However, if you are looking for a card with broader benefits, you might want to consider other options.
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