IndianOil RBL Bank credit card review: fees, rewards and eligibility
The IndianOil RBL Bank has a recorded annual fee of ₹500 plus GST and a base earn of 1 Fuel Point per ₹100 on non-fuel spend; 10 Fuel Points per ₹100 at IndianOil fuel stations. CardMasters checked its issuer terms on 2026-08-04. Affiliate commission never changes ranking; confirm final terms and approval with RBL Bank.
IndianOil RBL Bank: short answer
The IndianOil RBL Bank is in the entry tier of RBL Bank credit cards, with a joining fee of ₹500, an annual fee of ₹500 plus GST (waived on ₹1,75,000 of eligible annual spend), a base earn of 1 Fuel Point per ₹100 on non-fuel spend; 10 Fuel Points per ₹100 at IndianOil fuel stations and a 3.5% forex markup. Rewards are not earned on utility, insurance, irctc, rent, education. It suits fuel, iocl loyalists, commuter spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-08-04. Confirm final terms with the issuer.
Reward structure
1 Fuel Point per ₹100 on non-fuel spend; 10 Fuel Points per ₹100 at IndianOil fuel stations
- 10 Fuel Points per ₹100 at IndianOil fuel stations, capped at 1,000 Fuel Points per month on IndianOil fuel stations (1,000 points monthly cap) — Issuer states a maximum of 1,000 fuel points per month on fuel-station spend. Accelerated earn applies at IndianOil outlets only.
Eligibility and important limits
published monthly income floor ₹25,000 Approval remains solely at the issuer’s discretion.
Does not earn: utility, insurance, irctc, rent, education, wallet load, government, emi, fees, non IOCL fuel.
Frequently asked questions
What is the annual fee for the IndianOil RBL Bank?
The published annual fee in our current record is ₹500 plus applicable GST. It can be waived after ₹1,75,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the IndianOil RBL Bank?
1 Fuel Point per ₹100 on non-fuel spend; 10 Fuel Points per ₹100 at IndianOil fuel stations. Accelerated routes include 10 Fuel Points per ₹100 at IndianOil fuel stations, capped at 1,000 Fuel Points per month on IndianOil fuel stations (1,000 points monthly cap). Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the IndianOil RBL Bank?
The current issuer-sourced exclusions recorded by CardMasters include utility, insurance, irctc, rent, education, wallet load, government, emi, fees, non IOCL fuel. Merchant category coding and issuer terms determine final eligibility.
Who should consider the IndianOil RBL Bank?
It is most relevant for people focused on fuel, iocl loyalists, commuter. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the IndianOil RBL Bank worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹500 plus GST each year. The fee is waived at ₹1,75,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the IndianOil RBL Bank?
The published monthly income floor is ₹25,000. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the IndianOil RBL Bank?
The recorded foreign-currency markup is 3.5% before GST. On ₹1,00,000 of international spend that is about ₹3,500 in markup, so compare it against any rewards earned on overseas transactions.
Does the IndianOil RBL Bank offer airport lounge access?
Domestic lounge access: none. International lounge access: none. Spend conditions and guest charges are set by the issuer and can change.