RBL Bank IndianOil Credit Card

Quick verdict: RBL's fuel co-brand and the successor to the discontinued RBL BPCL SuperCard, now aligned to IndianOil. It earns about 5% value back as fuel points at IOCL pumps (10 points per ₹100, each worth ₹0.50, capped 1,000 points a month) plus a 1% surcharge waiver, on a low ₹500 fee waived at ₹1.75 lakh. A clean, single-purpose fuel card for IndianOil drivers.

If your BPCL SuperCard lapsed and you've been waiting for RBL's replacement, this is it — RBL moved its fuel co-brand from BPCL to IndianOil, the country's largest pump network. That switch alone makes it relevant to a lot more drivers, because for most of India the nearest petrol station is an IOCL one.

The fuel maths

At IndianOil outlets you earn 10 fuel points per ₹100, and each fuel point is worth ₹0.50 when redeemed for fuel — so about 5% value back. Layer on the 1% fuel-surcharge waiver (up to ₹100 a month, and only on individual fuel transactions between ₹500 and ₹4,000) and RBL markets the card as roughly 6% value back and up to 100 litres of free petrol a year. Those are honest headline numbers for a ₹500 card.

The boundary to know: accelerated earning is capped at 1,000 fuel points a month — about ₹5,000 of fuel spend. Fill up more than that and the extra earns at the base rate, so the card is sized for a typical car owner, not a fleet.

A fuel point is worth ₹0.50 at an IndianOil pump and ₹0.10 anywhere else — a fifth of the value. Every headline percentage on this card assumes you redeem as fuel; redeem through the rewards portal and roughly 5% becomes roughly 1%.

There is a redemption fee to know about too. RBL charges ₹99 plus GST per redemption day across its portfolio, but its MITC carves out the IndianOil cards for RBL Rewards conversions above 5,000 points — redeem in larger blocks and the fee doesn't bite.

Everything else is thin — on purpose

Off the forecourt, the card earns a single fuel point per ₹100 — about 0.5%. That's negligible, and it's meant to be: the Apex-style "one card for everything" pitch isn't what this is. The ₹500 fee waives at ₹1.75 lakh of annual spend, and there's a 1,000-point welcome bonus for spending ₹500 within 30 days — a one-time benefit, not a recurring one.

A longer list earns nothing at all. RBL excludes utilities, insurance, rent and real estate, wallet loads, education, government services, quasi-cash and EMI conversions from fuel points and from the ₹1.75 lakh waiver calculation, so routing household bills through this card neither earns nor moves you toward the waiver. Beyond fuel and the surcharge waiver, don't expect much — keep an everyday card alongside it.

How it compares

The obvious rivals are other fuel co-brands. The IndianOil HDFC card targets the same IOCL customer and is worth a direct look on point value and caps; the SBI BPCL Octane is the card to weigh if your local pump is BPCL rather than IndianOil. The deciding factor is almost always which brand of pump you actually use — a 5% fuel card is only 5% at its own network. If you spend heavily on fuel, the step-up RBL IndianOil XTRA earns 15 points per ₹100 (~8.5% value back) for a higher fee, and our fuel card guide lays out when the pricier tier pays off.

Who should hold it

This card suits the driver who refuels at IndianOil and spends a few thousand rupees a month on fuel. The ₹500 fee is easily recovered, the points redeem cleanly for fuel, and the surcharge waiver is a quiet bonus on every fill-up.

It's the wrong card for someone whose nearest pumps are BPCL or HPCL, for anyone hoping for meaningful rewards on non-fuel spending, and for a light fuel user who won't approach the monthly cap. Match it to an IOCL routine and it's one of the simplest, most tangible savings a car owner can carry.