RBL IOCL RuPay Credit Card launched | 250 litres free fuel | 8.5% value back

[harshgupta940]

RBL Bank launched its two Indian Oil Co-Branded Credit Cards

IndianOil RBL Bank XTRA Credit Card​

Welcome Benefits-
Get 3,000 Fuel Points on beginning the journey.
Just shop for INR 1,500 in one transaction within first 30 days of getting your card.
i.e. 100% value back to get your joining fees back.

Rewards-

• Get accelerated 15 fuel points on every INR 100 spent at IndianOil fuel stations (Maximum 2,000 fuel points per month) (7.5% for fuel spends upto INR 13300 monthly)
• Get 2 fuel points on INR 100 spent on every other purchases like shopping and more (1%)

Quaterly Milestone-
Get 1000 Fuel Points on Quarterly Spends of INR 75,000 (0.67% extra)

1 Fuel Point = INR 0.5
for buying Xtra Rewards points redeemable at IndianOil Fuel Stations.

Fuel Surcharge Waiver-
Fuel purchase for an amount between INR 500 and INR 4,000 (inclusive of both the amounts and excluding the surcharge amount). Upto 200 per month.

Membership Fees- 1500+GST
Spend waiver on spending 2.75 Lakhs annually. On spending 1.75 Lakhs annually you can get INR 500 membership fees waiver.

IndianOil RBL Bank Credit Card​

Welcome Benefits-
Get 1,000 Fuel Points on beginning the journey.
Just shop for INR 500 in one transaction within first 30 days of getting your card.
i.e. 100% value back to get your joining fees back.

Rewards-

• Get accelerated 10 fuel points on every INR 100 spent at IndianOil fuel stations (Maximum 1,000 fuel points per month) (5% for fuel spends upto INR 10000 monthly)
• Get 1 fuel point on INR 100 spent on every other purchases like shopping and more! (0.5%)

1 Fuel Point = INR 0.5
for buying Xtra Rewards points redeemable at IndianOil Fuel Stations.

Fuel Surcharge Waiver-
Fuel purchase for an amount between INR 500 and INR 4,000 (inclusive of both the amounts and excluding the surcharge amount). Upto 100 per month.

Membership Fees- 500+GST
Spend waiver on spending 1.75 Lakhs annually.


Both cards are available in MasterCard & RuPay network.

For Credit Cards issued on RuPay network, enjoy the features of National Common Mobility Card (NCMC) and RuPay Credit Card on Unified Payment Interface (UPI).

 

[sourpai]

If your nearest pump accepts fuel vouchers, then SBI CB + Park+ combo gives 7% off.

 

[Avatar Aang]

If your nearest pump accepts fuel vouchers, then SBI CB + Park+ combo gives 7% off.

Don't have SBI CB. Somehow I don't feel its worth the fees.

 

[sourpai]

Don't have SBI CB. Somehow I don't feel its worth the fees.

 

[Rahul Gupta]

Don't have SBI CB. Somehow I don't feel its worth the fees.

Yea bro fees is very high. check this screenshot i was barely able to cover my fees with this cashback.

 

[Avatar Aang]

Yea bro fees is very high. check this screenshot i was barely able to cover my fees with this cashback.

AFAIK, SBI CB gives 5% CB on online spends. I had DCB LTF and recently got Infinia. I also have Tata Neu LTF.
My most of the online shopping is on Amazon/Flipkart/Myntra/Zomato or Tata Neu. I easily get 5% or more on these websites.
Am I missing something?

 

[Rahul Gupta]

AFAIK, SBI CB gives 5% CB on online spends. I had DCB LTF and recently got Infinia. I also have Tata Neu LTF.
My most of the online shopping is on Amazon/Flipkart/Myntra/Zomato or Tata Neu. I easily get 5% or more on these websites.
Am I missing something?

Well it depends upon user to user. As you already hold infinia, you don't need this card technically. But you can have cashback card for those websites where you coundn't redirect via smartbuy.

 

[Avatar Aang]

Well it depends upon user to user. As you already hold infinia, you don't need this card technically. But you can have cashback card for those websites where you coundn't redirect via smartbuy.

Yes. Earlier I had Flipkart Axis.
During the OG Magnus party I came to know about hotel points and Airmiles. Airmiles and hotel points game is very intriguing.
Its safe to say that OG Magnus changed my perspective towards the CB cards and I don't have any CB card as of now.

 

[Rahul Gupta]

Yes. Earlier I had Flipkart Axis.
During the OG Magnus party I came to know about hotel points and Airmiles. Airmiles and hotel points game is very intriguing.
Its safe to say that OG Magnus changed my perspective towards the CB cards and I don't have any CB card as of now.

Another card like OG magnus is nearly impossible in today's time. So for now infinia and sbi cashback is one of the best combo.

 

[Animal]

Don't have SBI CB. Somehow I don't feel its worth the fees.

It might not be a good fit for your card portfolio but it’s definitely worth to have it even if it’s paid.

 

[Ak Singh]

Yea bro fees is very high. check this screenshot i was barely able to cover my fees with this cashback.

Is this is your monthly expenses? Every month 1 lakh? But everyone don't have such high expenses.

If your nearest pump accepts fuel vouchers, then SBI CB + Park+ combo gives 7% off.

How please explain the steps of get 7% off.

 

[silly_putty]

Anyone tried to get this as LTF? What's the possibility of RBL offering this card as LTF?
7.5% Valueback on fuel spends is great and the Capping is also decent.

Card launch hua nahi aur sabko ltf chahiye

 

[sousnake]

What about reward redemption? We need to redeem them at iocl pumps but many pumps don't accept these vouchers.

 

[Rahul Gupta]

Is this is your monthly expenses? Every month 1 lakh? But everyone don't have such high expenses.

Na its not. My expenses varies as i run multiple businesses. Sometimes its 2 lakh a month then sometimes its 20k a month. However i don't use the cashback card for genuine spending at all.

 

[Rahul Gupta]

What about reward redemption? We need to redeem them at iocl pumps but many pumps don't accept these vouchers.

Thats the main problem with these cards. If they have given some good redemtion option i would surely have applied for it. I think they could give statement cash or apay gv option as well.

 

[Rahul Gupta]

Anyone tried to get this as LTF? What's the possibility of RBL offering this card as LTF?
7.5% Valueback on fuel spends is great and the Capping is also decent.

Considering the value back this card deserves the fees. However we will have to see if they are missing points or not.

 

[sousnake]

Thats the main problem with these cards. If they have given some good redemtion option i would surely have applied for it. I think they could give statement cash or apay gv option as well.

Correct. What about bob hpcl energies, it gives direct cashback in statement, right?

 

[Rahul Gupta]

Correct. What about bob hpcl energies, it gives direct cashback in statement, right?

I literally have no idea about that card. I don't apply PSU bank's card except for sbi. These banks are a big hassle to get their cards and then for small problems they take so much time.

 

[Chacha_vidhayak]

Imo This card is best for first yr ( if not getting LTf ) .., coz here for fee waiver need to spend 275k & as compared to sbi bpcl octane , fee waiver can be achieved at 2L only and even we get 2k gv on spending till 3L … 1.25% extra reward rate as compared to octane 7.25% is not that much great honestly … what u all think kindly share .

 

[fageriaji]

The card is not available to apply yet.
It's an interesting card which gives fuel points on 100/- only
The minimum fuel amount is 100/- or I am missing something here @Abhishek012

 

[Animal]

Na its not. My expenses varies as i run multiple businesses. Sometimes its 2 lakh a month then sometimes its 20k a month. However i don't use the cashback card for genuine spending at all.

That’s evident from your screenshot.