Nowadays,expenses like petrol and diesel have become an important part of many people’s monthly budget. However,most credit cards do not offer reward points on fuel transactions,and many even charge a 1% surcharge.
In such a situation,a fuel credit card can prove to be a boon for you. With the Indian Oil RBL Bank XTRA Credit Card,you can save up to 8.5% on every purchase of petrol and diesel,that is,a golden opportunity to save ₹ 85 on every ₹ 1000 fuel purchase. This card will not only reduce your fuel expenses but will also provide many other facilities.
Get bumper savings on fuel expenses
Indian Oil RBL Bank XTRA Credit Card is a co-branded fuel credit card. Private sector RBL Bank launched this co-branded RuPay contactless credit card in collaboration with Indian Oil Corporation Limited (IOCL) last year. This card also offers reward points.
If you spend ₹45,000 every month or ₹5.4 lakh annually,you can get 250 liters of free petrol annually. By using this card at Indian Oil pumps,you get 8.5% value back. This card is great for those who regularly refuel from Indian Oil pumps.
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Know what are the special benefits
- Opportunity to earn 15 Fuel Points (Reward Rate – 7.5%) on every ₹100 spent at Indian Oil pumps.
- Maximum limit of 2000 Fuel Points in a month in this category.
- Opportunity to earn 2 Fuel Points (Reward Rate – 1%) on expenses made in all other categories.
- As a milestone benefit,1000 Fuel Points can be earned on a quarterly spend of ₹75,000.
- A 1% fuel surcharge will not be waived on fuel purchases of ₹500 to ₹4,000 at petrol pumps. A maximum of ₹100 fuel surcharge can be waived in a billing cycle.
- This card is equipped with contactless technology,which also offers customers the facility of ‘tap and pay’,i.e. payment can be made by simply tapping on the POS machine without swiping the card.
RBL Bank Extra Credit Card Charges
The membership fee for the RBL Bank Extra Credit Card is ₹1,500.
However,the annual fee will be waived if ₹2.75 lakh is spent in a year.
Savings of ₹8.5 on every ₹100 spent
15 fuel points are earned on every ₹100 spent on Indian Oil. These 15 fuel points can buy fuel worth ₹7.5,giving a profit of 7.5 percent. When a 1 percent fuel surcharge waiver is added to the 7.5 percent profit,the total profit is 8.5 percent. People who spend more on filling petrol at Indian Oil pumps can apply for this card.
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