RBL·RBL Bank IndianOil Credit Card

Card DetailRBL · MASTERCARD · Entry tier

RBL Bank IndianOil Credit Card

Name: RBL Bank IndianOil Credit Card
Brand: RBL Bank

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.

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RBL Bank IndianOil Credit Card

RBL Bank

RBL Bank IndianOil Credit Card

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★ 4.0 / 5 · CardAdvisor rating•Issued by RBL Bank•Updated 11 Oct 2026

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out of 5

Entry tier

A straightforward IOCL fuel card — about 5% back on fuel plus the surcharge waiver makes it pay for itself for any regular IndianOil customer. The base 0.5% off-fuel earn is negligible, so treat it as a single-purpose fuel card and keep an everyday card alongside.

Annual fee₹590 incl. GST

Fee waiver₹1,75,000 spend

Top rate~0.5%–5%

Best forDrivers who refuel at IndianOil (IOCL) pumps

~₹500

Welcome benefit

3.5%

Forex markup

~₹1,200

Total perk value / yr

In-depth review

RBL Bank IndianOil Credit Card

RBL's fuel co-brand — 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/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.

Read the full review →

Key features

What this card is built to do — the highlights that actually matter.

🎁

Welcome Benefit

~₹500 in vouchers, points or cashback in year one — usually conditional on a first spend within 30–90 days

⭐

10 points/₹100 on Fuel (~5% value)

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

⛽ FUEL BENEFITS

Co-branded card — maximum savings at IndianOil stations.

Up to 5%

Fuel reward rate

Surcharge waiver

₹100

Waiver cap/month

PARTNER FUEL STATIONS

IndianOilIndianOil (IOCL) fuel stations

Co-branded card — maximum rewards at IndianOil fuel stations
Up to 5% effective return on fuel purchases
1% fuel surcharge waiver at all fuel stations

Who is this for?

For drivers who fill up at IndianOil (IOCL) pumps and spend a few thousand rupees a month on fuel. The ₹500 fee waives at ₹1.75 lakh of annual spend, and fuel points redeem cleanly for fuel at IOCL.

Full reward structure

What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.50. How we value points →

Category	Type	Rate	Monthly cap
Fuelonly at IndianOil (IOCL) fuel stations	reward points	5%10 pts/₹100 × ₹0.50	₹500
Other	reward points	0.5%1 pts/₹100 × ₹0.50	—

Fuel: 10 fuel points per ₹100 at IndianOil (~5% value back), capped 1,000 fuel points a month · IndianOil (IOCL) fuel stations

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

Earns nothing on: Utility Bills · Insurance · Rent · Wallet Loads · Cash Advances · Education · Government & Tax · EMI Conversions

These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.

Fees & charges

The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.

Real annual cost: ₹500 + 18% GST = ₹590 all-in. Joining fee ₹500 + 18% GST = ₹590 all-in. Issuers quote fees before tax — the all-in figure is what you actually pay if the waiver isn’t met.

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

Domestic

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 everyday spends (0.5% back; 5% only at IndianOil (IOCL) fuel stations).

Pros & cons

✓ 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

EmploymentSalaried · 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 creditBEST

Standard redemption

₹0.25/pt

Gift voucher catalogueBEST

Brand & e-gift vouchers

₹0.25/pt

Compare what every reward currency is worth →

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.

Frequently asked questions

What is a fuel point worth?

One fuel point is worth ₹0.50 when redeemed for fuel at IndianOil outlets. At 10 points per ₹100 of fuel spend, that is about 5% value back. Redeemed anywhere else — the RBL rewards portal, for instance — a fuel point is worth just ₹0.10, a fifth of the pump value, so this is a card whose points are worth redeeming as fuel. This card waives the 1% fuel surcharge, capped at ₹100 — the waiver offsets the surcharge itself, separate from any rewards the fuel spend earns. Figures as of October 2026.

Is there a redemption fee?

RBL charges ₹99 + GST per redemption day on its cards generally, but its MITC waives that fee on the IndianOil cards for RBL Rewards conversions above 5,000 points. Redeem in larger blocks and the fee falls away.

Is there a cap on fuel rewards?

Accelerated fuel earning is capped at 1,000 fuel points a month — roughly ₹10,000 of fuel spend. Beyond that, fuel earns at the base 1 point per ₹100.

Did this card replace the RBL BPCL SuperCard?

It is the successor to the discontinued RBL BPCL SuperCard, now co-branded with IndianOil (IOCL) instead of BPCL.

Is there a RuPay / UPI version?

A RuPay variant of the IndianOil RBL card can be linked to UPI apps for QR payments. This entry describes the Mastercard variant; confirm the network when you apply.

How has the RBL Bank IndianOil Credit Card changed over time?

Our dated Value Timeline for the RBL Bank IndianOil Credit Card (on this page) records 3 changes since 2024: 2 devaluations, 0 improvements, and the rest neutral changes such as launches or restructures. The most recent entry: New 1% fee on large FASTag top-ups and toll payments (7 January 2026). Each event carries its source, so any figure here can be checked against the issuer's own documents.

Has the RBL Bank IndianOil Credit Card been devalued recently?

Yes — our record shows 1 devaluation to the RBL Bank IndianOil Credit Card in the last 24 months. The most recent: New 1% fee on large FASTag top-ups and toll payments, effective 7 January 2026 — from No FASTag or toll transaction fee to 1% fee on any FASTag-loading or toll-payment transaction above ₹10,000. The full dated list, with what changed and its source, is in the Value Timeline on this page.

When did the RBL Bank IndianOil Credit Card's fees last change?

7 January 2026: New 1% fee on large FASTag top-ups and toll payments — from No FASTag or toll transaction fee to 1% fee on any FASTag-loading or toll-payment transaction above ₹10,000. The current fee schedule is in the fees table on this page; the Value Timeline lists every earlier fee change we have on record.

The bottom line

Apply →Estimate my rewards Is this YOUR best card? →

How this page was built

Counted from this card’s own record: 2 earn rules, 1 of them capped, 1 paid only at named merchants, the spends listed as earning nothing and 1 recorded perk. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.

Last updated 11 Oct 2026.

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 updated 11 Oct 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.

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