Customers of the RBL Bank ‘Xtra Credit Card’ will enjoy savings of 8.5% on fuel purchases, which is the highest in its category compared to other co-branded fuel credit cards in the market, according to senior officials from Indian Oil Corporation (IOCL).

“We have a base of 5.2 million customers on our credit card and will continue to to moderately grow this base and increase banking relationship and have new customer acquisition at a moderate level,” said Bikram Yadav, business head-credit cards at RBL Bank, at the launch event in Leh. RBL Bank will be issuing this new card via the Mastercard network.

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Through this partnership with IOCL, customers can enjoy up to 8.5% savings on fuel purchases, earning 15 fuel points for every ₹100 spent, with a monthly cap of 2,000 points.

RBL Bank’s fuel card enters a competitive market, joining offerings such as the IDFC First Power+ credit card with Hindustan Petroleum, which provides 5% savings, and the SBI Octane card with Bharat Petroleum, offering 6.25% savings.

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