Indian Oil Credit Card

Rewards, as stated by the issuer

• 2%** back as Reward Points on Grocery and Dining spends
• 0.5% back as Reward Points on all other spends
• 1000 Reward Points*** as welcome benefit on spending INR 500 # within 30 days of card issuance
• Save 4% as Reward Points on IndianOil Fuel Spends. Earn 24 Reward Points on every INR 150 spent, capped at 1200 Reward Points per statement cycle ###
• Save 2% back as Reward Points on Grocery and Dining spends. Earn 12 Reward Points on every INR 150 spent, capped at 800 Reward Points per statement cycle
• On all other spends, save 0.5% back as Reward Points. Earn 3 Reward Points on every INR 150 spent
• Get 1000 Reward points as welcome benefit on spending INR 500 within 30 days of card issuance
• All UPI on Credit Card transactions will accrue 0.5% Reward Points on every INR 150 spent, across spend categories.
• *5% savings is calculated as 4% back in the form of Reward points and 1% back as Fuel Surcharge waiver
• **2% back on Dining & Groceries is valid only on select merchant categories - 5812, 5814, 5813, 5411, 5311, 5399, 5422, 5451, 5499 & 5441
• Redeem your Reward points through any of the following options -
• Introducing Kotak Rewards* - your new point redemption currency that simplifies managing Reward Points on your Kotak Credit Cards . Redeem your accrued reward points at 25p/point against our exclusive catalogue of benefits.
• Validate yourself & place a request to redeem your points. Redeem your accrued reward points at 20p/point as cashback. Minimum 2000 points will be required to avail this redemption facility.
• 4% back as Reward points on IndianOil Fuel Spends
• 2% back as reward points on Dining & Grocery Transactions
• 0.5% back in Reward points on other spends (no capping)
• Enjoy benefits worth ₹8000 per annum on monthly spends of ₹30,000, based on indicative values and assuming 1 Reward Point = ₹0.25
• Click here to view the terms & conditions of the onboarding offer of ₹ 250 Cashback.

Other benefits

• Kotak Mahindra Bank has joined hands with IndianOil Corporation Limited to launch a fuel based card. IndianOil Kotak Credit Card offers customers savings upto 5% on IndianOil fuel transactions. Customer will also save 2% when using the card for Dining & Grocery spends.
• Get a free Add-on card which will have all the benefits that you enjoy on your primary credit card
• Concierge services
• You can avail personal concierge and assistance by calling 1800-26-78729 for the same. Applicable on Rupay Variant Only.
• Choose from various categories like merchandise, e-vouchers of latest brands, movie vouchers, travel, mobile recharge and much more. Redeem Now T&C Apply.
• Click here to view all the offers run exclusively by RuPay, now applicable on all Rupay Kotak Credit Cards
• Click here to view everyday specials, offers on EMI, seasonal offers and more only with Kotak Credit Card.
• Depends on your spending patterns on fuel specifically. A fuel credit card can be a choice if you frequently purchase fuel and helps you earn significant rewards or discounts. Fuel credit cards offer higher rewards or discounts for fuel purchases than regular credit cards.
• Earn unlimited 2.5 Mojo points for every Rs. 100 on online spends and 1 Mojo point for every Rs. 100 on other spends.
• Special introductory offer – Spend Rs. 30,000 within the first 60 days of setting up the Card and receive a voucher worth Rs. 1,500

Welcome & milestones

Lounge access

No airport lounge rule is listed on this card's page.

Every fee line found on the page

• Annual fee of INR 449 waived on spending INR 50,000 in the previous anniversary year
• 1% fuel surcharge waiver on transactions between INR 100 to INR 5000 with maximum surcharge waiver of INR 100 per statement cycle only at IndianOil outlets ###
• *5% savings is calculated as 4% back in the form of Reward points and 1% back as Fuel Surcharge waiver
• #Valid on a single transaction of INR 500 or above to be eligible for joining benefit
• 1% Fuel Surcharge Waiver on IndianOil Spends
• Total annual spends of INR 3,60,000
• Annual retail spends of ₹ 50,000
• Joining benefit is applicable only on realization of Joining Fee. IndianOil Kotak Credit cardholders need to perform one transaction of INR 500 or above within 30 days of card issuance to be eligible for welcome benefit of 1000 Reward points. The benefit will be credited within 3 months of completing the transaction.