Credit Cards · Honest Review
RBL Bank Indian Oil Credit Card
RBL Bank · Visa
Your Verdict
- ✓6% effective savings on Indian Oil fuel purchases
- ✓Fuel surcharge waiver at all IOCL petrol pumps
- ✓Reward points redeemable for free fuel at Indian Oil
- ✓₹500 fee waived at ₹1.5L annual spend
- ✓1X reward points on all other spends
What RBL Bank Indian Oil Credit Card costs you
RBL Bank Indian Oil Credit Card carries a ₹500 annual fee and a ₹500 one-time joining fee. The annual fee is waivable: Spend ₹1.5L/year.
| Fee | Amount |
|---|---|
| Annual fee (year 2+) | ₹500 |
| Joining fee (one-time) | ₹500 |
| Fee waiver condition | Spend ₹1.5L/year |
| Spend required for waiver | ₹1,50,000 / year |
| Foreign transaction fee (forex markup) | Not disclosed / standard rates apply |
What you earn on every rupee spent
RBL Bank Indian Oil Credit Card earns 1.00% on all eligible spends as a base reward rate, with accelerated rates on fuel and other bonus categories listed below.
| Category | Reward rate |
|---|---|
| All other spends (base rate) | 1.00% |
| ⛽ Fuel | 6% (cap ₹500/mo) |
500 reward points on first IOCL fuel transaction
Reward types: Points
Beyond the reward rate
The non-reward benefits on RBL Bank Indian Oil Credit Card are meaningful for frequent users. Here is what you get with the card.
Who can apply for RBL Bank Indian Oil Credit Card
RBL Bank Indian Oil Credit Card requires a minimum net monthly income of ₹20,000 for salaried applicants. It is open to salaried employees and self-employed professionals.
| Requirement | Detail |
|---|---|
| Minimum monthly income | ₹20,000 |
| CIBIL score | Not specified — clean history expected |
| Age range | 21–60 years |
| Employment type | Salaried, Self-employed |
| Typical approval time | 7–10 working days |
Who should (and shouldn't) get RBL Bank Indian Oil Credit Card
- → Heavy spenders on fuel who want 6% back
- → Moderate spenders who can clear the fee waiver condition
- → Frequent flyers who need airport lounge access
RBL Bank Indian Oil Credit Card — Questions answered
What is the annual fee for RBL Bank Indian Oil Credit Card?
What is the minimum income required for RBL Bank Indian Oil Credit Card?
What is the reward rate on RBL Bank Indian Oil Credit Card for fuel?
Does RBL Bank Indian Oil Credit Card provide airport lounge access?
How do I get the annual fee waived on RBL Bank Indian Oil Credit Card?
How long does it take to get RBL Bank Indian Oil Credit Card approved?
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Get My Personalised Verdict →Information on this page is gathered from public sources and the card issuer's official website. Fees and reward rates may change — verify the current terms on the issuer's website before applying. SingleVerdict may earn a referral fee if you apply through our links, which does not affect our scoring or editorial decisions.