If you are upset about the prices of petrol and diesel, you can make big savings with the IndianOil RBL Bank XTRA credit card. This card lets you save 8.5 per cent on every purchase of petrol and diesel. Private sector RBL Bank has launched this RuPay contactless credit card in collaboration with Indian Oil Corporation Limited (IOCL). This card allows the customers to save on fuel as well as pay using UPI.
This card was launched at the Global Fintech Fest 2024 in Mumbai on Wednesday (August 28). This fuel credit card is based on NPCI’s RuPay network. The card can be used on all online websites and at all merchants that accept RuPay cards.
UPI Payment Facility
Since the RBL Bank Extra credit card is based on the RuPay network, it also lets you use the UPI facility. You can link this credit card with UPI apps and make payments using this card by scanning the merchant UPI QR code at any nearby convenience store. Besides, you can also make UPI payments at online merchants using this card.
Features of RBL Bank Extra Credit Card
If you spend Rs 1500 within 30 days of the issuance of the RBL Bank Extra Credit Card, you will get 3000 fuel points as a welcome benefit.
Opportunity to earn 15 fuel points (reward rate – 7.5%) for every Rs 100 spent at Indian Oil petrol pumps. Maximum number of 2000 fuel points per month in this category.
Opportunity to earn 2 fuel points (reward rate – 1%) on spending in all other categories.
Earn 1000 fuel points on quarterly spend of Rs 75,000 as a milestone benefit.
When you pay at petrol pumps for amounts between Rs 500 and Rs 4,000 using this card, the 1% fuel surcharge is waived. Up to Rs 100 fuel surcharge can be waived in a billing cycle.
This card is equipped with contactless technology which also provides customers with the facility of ‘Tap and Pay’ i.e. payment can be made by simply tapping the POS device without swiping the card.
RBL Bank Extra Credit Card Fees
The membership fee for the RBL Bank Extra Credit Card is Rs 1,500.
However, the annual fee is waived if you spend Rs 2.75 lakh within a year.
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