RBL Bank IndianOil Credit Card
RBL IndianOil is RBL's fuel co-brand — the successor to the discontinued RBL BPCL SuperCard, now aligned to India's largest pump network. It earns 10 fuel points per ₹100 at IndianOil outlets (each point worth ₹0.50 toward fuel, so about 5% value back, capped at 1,000 points a month) and 1 point per ₹100 elsewhere. Add the 1% fuel-surcharge waiver (up to ₹100/month) and RBL markets it as roughly 6% value back and up to 100 litres of free petrol a year. A RuPay variant of this card links to UPI; this entry covers the Mastercard variant.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹500 in vouchers, points or cashback on card activation
5% on Fuel
10 fuel points per ₹100 at IndianOil (~5% value back), capped 1,000 fuel points a month
0.5% on Other
1 fuel point per ₹100 on non-fuel spends (~0.5%); 1 fuel point = ₹0.50 toward fuel at IndianOil, ₹0.10 elsewhere; utilities, insurance, rent, wallets, education, government services and EMI earn nothing
Annual Fee Waiver
Fee of ₹500 + 18% GST (₹590 all-in)/yr fully waived when you spend ₹1,75,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Fuel | reward points | 5% | ₹500 |
| Other | reward points | 0.5% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹590 |
| Joining fee (incl. 18% GST) | ₹590 |
| Finance charge (APR) | 3.99% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹1,200/yr in total.
fuel waiver ~ ₹1,200 /yr
1% fuel surcharge waiver up to ₹100 each month, on individual fuel transactions between ₹500 and ₹4,000
Should you get it?
Best for: Drivers who refuel at IndianOil (IOCL) pumps, Fuel-first spenders who want a low-fee co-brand card
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Fuel ( 5% back).
✓ Pros
- About 5% value back as fuel points at IndianOil, India's largest pump network
- 1% fuel surcharge waiver up to ₹100/month
- Low ₹500 fee, waived at ₹1.75 lakh of annual spend
- 1,000 welcome fuel points on first spend
✕ Cons
- Fuel points are worth ₹0.50 only as fuel at IndianOil — ₹0.10 anywhere else
- Accelerated fuel earning is capped at 1,000 points (~₹10,000 fuel spend) a month
- Only 1 fuel point per ₹100 on non-fuel spends (~0.5%)
Eligibility & documents
Age
21 –65 years
Min. income
₹15,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Redeem fuel points for fuel at IndianOil (IOCL) outlets — ₹0.50 a point
🎁 Redeem fuel points via the RBL rewards portal — ₹0.10 a point
🎁 RBL Rewards conversions above 5,000 points escape the ₹99 + GST redemption fee
What your RBL Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Standard redemption
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern Fuel points redeem essentially only for fuel at IndianOil, the monthly cap is 1,000 points and the non-fuel earn is a thin 0.5% — this is a one-category card by design.
The bottom line
The RBL Bank IndianOil Credit Card is an effective single-purpose fuel card for regular IOCL patrons, where roughly 5% value back on fuel along with the monthly surcharge waiver easily recovers the card's cost. Because its non-fuel baseline return of 0.5% is minimal, it should be maintained alongside a dedicated everyday card for general household expenses.
Sources & verification
Fees, reward rates, and benefits for the RBL Bank IndianOil Credit Card are taken from RBL Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 6 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for RBL Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2024 · 3 changes · last change Jan 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 cut
▼ Fee Observed Jan 2026 · Effective 7 Jan 2026
New 1% fee on large FASTag top-ups and toll payments
No FASTag or toll transaction fee → 1% fee on any FASTag-loading or toll-payment transaction above ₹10,000
From 7 January 2026 RBL Bank charges a 1% fee on any single FASTag-loading or toll-payment transaction above ₹10,000, measured per transaction per card, across merchant category codes 4784, 4111 and 4131. Because the threshold is per transaction rather than a monthly aggregate, it bites on one-off large FASTag top-ups rather than on regular commuting; splitting a top-up below ₹10,000 avoids it. The fee sits alongside RBL's existing 1% charges on rent, on utility spends above ₹50,000 a month, on fuel transactions above ₹10,000, and on education payments routed through third-party apps. It is a fee on the transaction, not a change to reward earning — these categories already earn no reward points on most RBL cards.
Verification: RBL Bank ↗ · Confidence: High
2024 2 changes — 1 cut, 1 neutral
▼ Fee Effective 15 Oct 2024
New 1% fee on large fuel & auto transactions
No transaction fee on fuel/auto → 1% on each fuel/auto txn over ₹10,000
From 15 Oct 2024 RBL's revised Schedule of Charges added a 1% fee on every fuel and auto transaction exceeding ₹10,000, capped at ₹3,000 per transaction (alongside new fees on high-value utility spends over ₹50,000/month and third-party education payments). On a fuel co-brand this is the one bank-wide Oct-2024 change that bites: it is separate from — and does not touch — the standard 1% fuel-surcharge waiver on ₹500–4,000 fuel spends, and the accelerated 10-points-per-₹100 earn (capped at 1,000 points ≈ ₹5,000/month) is unaffected. The reward-point value and earn-category devaluations RBL applied the same day hit standard Reward Point cards, not this card's closed-loop IOCL Fuel Points.
Verification: RBL Bank ↗ · Confidence: High
◆ Launch Effective Sept 2024
IndianOil RBL launched as successor to the BPCL SuperCard
RBL Bank, IndianOil (IOCL) and Mastercard flagged off their co-branded fuel card in September 2024 (bike-expedition launch event on 02 Sep 2024), replacing RBL's discontinued BPCL SuperCard with an IOCL-aligned proposition. The base card earns 10 Fuel Points per ₹100 at IndianOil outlets (each point worth ₹0.50 toward fuel, ~5% value back, capped 1,000 Fuel Points/month) and 1 point per ₹100 elsewhere, plus a 1% fuel-surcharge waiver (up to ₹100/month) and a 1,000-point welcome benefit. Fee ₹500 joining/annual, waived at ₹1.75 lakh annual spend. Exact calendar date not published; the co-brand was unveiled late Aug / early Sep 2024.
Verification: RBL Bank ↗ · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: RBL Bank IndianOil Credit Card value timeline — CardAdvisor
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Quick summary
Type Entry credit card
Reward rate 0.5%–5%
Best for Drivers who refuel at IndianOil (IOCL) pumps
Joining fee ₹500
Annual fee ₹500
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 6 Aug 2026
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280 cards analysed — August 2026
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