IndianOil Kotak Credit Card
Kotak Mahindra Bank
A third fuel-branded IndianOil card alongside the HDFC and ICICI/Axis versions — same fuel network, different issuing bank.
₹449
Joining fee
₹449, waived at ₹50k spend
Annual fee
Annual fee (Rs 449 + taxes) waived if annual spend exceeds Rs 50,000 in the previous anniversary year.
3.5%
Forex markup
3.9 / 5
Rating
Eligibility
Estimated minimum income: ₹20,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 650+
Estimated — not officially confirmed by the bank.
Key features
- 5% value back on IndianOil fuel spends
- 2% points on grocery and dining
Reward details
3 points per Rs 150 (0.5% value back) on other spending, no cap mentioned
- 24 points per Rs 150 (4% value back) on IndianOil fuel spend — 1,200 points per statement cycle
- 12 points per Rs 150 (2% value back) on Dining & groceries — 800 points per statement cycle
Welcome bonus: 1,000 reward points on Rs 500 spend within 30 days
Category caps
- Fuel surcharge waiver: 1% on Rs 100-5,000 transactions, capped Rs 100/statement cycle
Redemption
Redeemable via rewards catalog or as cashback.
Ratio: 1 point = Rs 0.25 (catalog) or Rs 0.20 (cashback)
Excluded from rewards: No fuel surcharge waiver at non-IndianOil fuel stations
- Personal concierge services on RuPay variant (aggregator-sourced); base rewards apply to UPI transactions.
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Benefits work best for daily IndianOil commuters with high fuel expenses; achievable fee waiver target — Paisabazaar
Complaints
- Monthly capping on accelerated reward points; low reward redemption value; restricted benefits outside the IndianOil ecosystem — Paisabazaar
Sources
- Official — fees, rewards, exclusions
- Aggregator — lounge claim, rewards, sentiment