The Indian Oil credit card is a co-branded credit card between Kotak Mahindra Bank and Indian Oil Corporation, that offers significant rewards on fuel purchases. With a 4% reward rate on IndianOil fuel transactions, cardholders earn 24 reward points for every ₹150 spent, making it an ideal choice for regular drivers. In addition to fuel benefits, the card offers 2% reward points on grocery and dining purchases. Issued on the Rupay variant, it also enables smooth UPI payments at retail outlets, adding extra convenience for everyday spending.
Overview
| Category | Details |
|---|---|
|
Type of Card |
Fuel credit card |
|
Annual Fee |
₹499+ GST |
|
Reward Rate |
0.5% – 4% |
|
USP |
Earn 4% Reward Points on IndianOil Fuel Spends |
|
Best Use For |
Fuel Spending |
Joining & Renewal Fees
| Category | Details |
|---|---|
|
Joining Fee |
₹449+ GST |
|
Joining Benefit |
Get 1000 Reward Points (worth ₹250) |
|
Welcome Benefit Criteria |
Reward Points will be credited to the cardholder’s account on spending ₹500 within the first 30 days of card issuance. |
|
Renewal Fees |
₹449+ GST |
|
Renewal Benefit |
Nil |
|
Renewal Waiver |
Spend ₹50,000 or more in the preceding 12 months and get the renewal membership fee waived for next year |
Fuel Point Earning Potential
Cashback Redemption
Easily redeem your Kotak Credit Card Reward Points and get ₹25p for each point. You can Choose from a wide range of rewards such as merchandise, e-vouchers for leading brands, movie tickets, travel, mobile recharge, and more. For a limited time, you can also redeem your points for statement credit by simply contacting Kotak Customer Care.
Design And Variant
The Kotak IndianOil Credit Card has a sleek, modern design with the IndianOil and Kotak Mahindra logos, making it visually appealing. It’s built on the RuPay network, ensuring smooth transactions everywhere with contactless technology, making payments is quick and easy. The vibrant color scheme adds a stylish touch, reflecting the energy of both brands, while keeping things practical for regular use.
Foreign Currency Transaction Fee (Forex)
This Credit card charges a 3.5% fee+ GST on foreign currency transactions.
Eligibility and Application
Fuel Surcharge Waiver
This card provides a 1% fuel surcharge waiver on transactions between ₹100 to ₹5,059 with a maximum waiver of ₹100 per month.
Add-On Cards
The Card allows cardholders to avail add-on cards. These add-on cards share the same benefits as the primary card, making it easier for family members to enjoy the perks.
Magnify Rating
Frequently Asked Questions
you will get 1000 Reward Points (worth ₹250)
By making the maximum number of fuel transactions.
Rent payments made through this credit card are not eligible for any reward points.
The annual fee is 449+ GST.
Conclusion
The Indian Oil Kotak Credit Card is an excellent choice for those who regularly Purchase fuel at Indian Oil stations. That offers an attractive rewards program, low joining fees, and the potential for annual fee waivers based on spending, this card delivers exceptional value. Perfectly suited for fuel enthusiasts, it helps maximize rewards on every purchase, making it a smart option for savvy spenders.