# IndianOil Axis vs IndianOil RBL XTRA Credit Card: Which Saves More on Fuel?

> IndianOil Axis Bank and IndianOil RBL Bank XTRA credit cards compared: 4% vs up to 8.5% back at IndianOil pumps, INR 500 vs INR 1,500 fees, caps, point values and break-even fuel spend.
- **Published**: 2026-10-31
- **Modified**: 2026-10-31
- **Category**: credit-cards
- **URL**: https://www.tldr.money/articles/credit-cards/indianoil-axis-vs-rbl-xtra-credit-card

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Our [best fuel credit cards](/articles/credit-cards/best-fuel-credit-cards-india) guide compares fuel cards across brands, including the [IndianOil HDFC Bank card](/credit-cards/hdfc-bank/indianoil-hdfc). This page compares the other two IndianOil co-branded cards: **IndianOil Axis Bank** and **IndianOil RBL Bank XTRA**.

**Last updated: 31 October 2026.** Educational, not advice. Axis updated the IndianOil Axis Bank card's terms from 28 August 2026; check both banks' latest terms before applying.

## IndianOil Axis vs IndianOil RBL XTRA at a glance

| Feature | IndianOil Axis Bank | IndianOil RBL Bank XTRA |
|---|---|---|
| Joining fee | INR 500 | INR 1,500 + GST (membership fee) |
| Annual fee | Nil in year one; INR 500 from year two | INR 1,500 + GST |
| Fee waiver | Spend over INR 3.5 lakh in an anniversary year | Spend INR 2.75 lakh a year (excluding utilities, insurance, rent, education, wallets and others) |
| Welcome | Up to 1,250 EDGE points on fuel spends in the first 30 days | 3,000 fuel points on a INR 500+ transaction within 30 days, once the fee is paid |
| At IOCL pumps | 20 points per INR 100 = 4% value back | 15 fuel points per INR 100 at select IOCL pumps, up to 2,000 points a month |
| Online shopping | 5 points per INR 100 = 1% | 2 fuel points per INR 100 (all other spends) |
| Other spends | 1 point per INR 100 | 2 fuel points per INR 100 |
| Quarterly bonus | -- | 1,000 fuel points on INR 75,000 of spend in a calendar quarter |
| Point value | About INR 0.20 (Axis's 20 points = 4%) | INR 0.50 at IOCL pumps; INR 0.10 on RBL's portal |
| Fuel surcharge waiver | 1% | 1% on INR 500-INR 4,000, up to INR 200 a month |
| Extras | Up to 10% off on BookMyShow | -- |

## What XTRA's points are really worth

RBL's terms explain the conversion: **3 fuel points become 5 XTRAREWARDS points**, and each XTRAREWARDS point is worth **INR 0.30** at IndianOil pumps. So one fuel point is worth INR 0.50 there, and 15 fuel points per INR 100 is **7.5%**. Add the 1% surcharge waiver for the 8.5% headline.

Redeem on RBL's own rewards portal instead and a fuel point is worth just INR 0.10, which turns 7.5% into 1.5%. **Always convert to XTRAREWARDS and redeem at the pump.**

The 2,000-point monthly cap is worth INR 1,000 at the pump. That covers 7.5% on up to about **INR 13,300 of fuel a month**.

## Break-even

Compare the two cards on fuel alone. XTRA earns 7.5% against Axis's 4%, an extra 3.5%. Its fee is INR 1,000 higher (INR 1,500 vs INR 500, before GST).

INR 1,000 / 3.5% ~= **INR 28,600 a year**, or about **INR 2,400 a month** of fuel. With GST on both fees, and since you may not reach either fee waiver, a safer rule of thumb is **INR 3,500 a month**.

| Fuel a month at IOCL | IndianOil Axis (4%) | RBL XTRA (7.5%) |
|---|---|---|
| INR 3,000 | INR 1,440 a year | INR 2,700 a year |
| INR 6,000 | INR 2,880 a year | INR 5,400 a year |
| INR 12,000 | INR 5,760 a year | INR 10,800 a year |

Surcharge waivers are extra on both. Figures assume every litre is bought at a participating IOCL pump.

## Who should get which

- **IndianOil RBL XTRA:** you spend INR 3,500 or more a month at IndianOil and will redeem at the pump.
- **IndianOil Axis:** you drive less, want the lowest fee, or prefer points you can redeem across Axis's EDGE catalogue.

## Who should skip both

- **Drivers who fill up at HPCL or BPCL.** See the [ICICI HPCL Super Saver](/articles/credit-cards/hpcl-super-saver-icici-credit-card-review) or the [BPCL SBI Card](/articles/credit-cards/bpcl-sbi-card-review).
- **Very heavy fuel users on Axis.** Axis charges a 1% fee once fuel spends cross INR 50,000 in a statement cycle.

## Sources

- Axis Bank, IndianOil Axis Bank Credit Card: https://www.axis.bank.in/cards/credit-card/indianoil-axis-bank-credit-card
- RBL Bank, IndianOil RBL Bank XTRA Credit Card terms and conditions: https://webassets.rbl.bank.in/document/credit-cards/tnc-indianoil-rbl-bank-extra-credit-card.pdf
- RBL Bank, IndianOil RBL Bank XTRA Credit Card: https://www.rbl.bank.in/indianoil-rbl-bank-xtra-credit-card
- Break-even and example figures: tldr.money calculation
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