IndianOil Kotak Credit Card

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The IndianOil Kotak Credit Card is a fuel credit card made by Kotak Mahindra Bank and Indian Oil. It helps you save money on fuel and also gives rewards on things like groceries and eating out. You get 5% back on fuel at IndianOil petrol pumps (4% as points and 1% fuel charge waiver) and 2% back on groceries and restaurants. The reward points can be used to get free fuel, cashback, or gift items. You can also turn them into special fuel points to use at IndianOil pumps. When you first get the card, you can earn 1,000 points if you spend ₹500 in the first 30 days. The joining fee is ₹449, and it can be removed if you spend enough.

The card also gives ₹2 lakh accident cover and no yearly fee if you meet spending goals. There’s also a 1% fuel charge waiver for fuel spends between ₹100 and ₹5,000. But the value of each point is only ₹0.25, so the savings are a bit limited. Also, this card gives the best benefits only if you use IndianOil petrol stations. If you drive often and want to save on fuel and basic shopping, this card is a simple and helpful option.

Credit Card Detail
IndianOil Kotak Credit Card
Joining Fee
Rs. 449.00 +GST
Renewal Fee
Rs. 449.00 +GST
Best Suited For
Shopping | Fuel
Reward Type
Reward Points
Welcome Benefits
Get 1,000 bonus reward points when you spend ₹500 within 30 days of getting the card.
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Rewards Rate
You get 2% back on groceries and dining with 12 reward points for every ₹150 spent, up to a limit of 800 points per month. For other spending like UPI payments, you earn 3 points per ₹150, which gives you about 1.25% back.
Reward Redemption
You can redeem points for cashback (1 RP = ₹0.251), shopping and vouchers (1 RP = ₹0.25), or convert 300 points into 250 IndianOil XTRAREWARDS for fuel.
Movie & Dining
Earn 12 reward points when you spend ₹150 on dining, which means you get 2% of your dining bill back as points.
Travel
N/A
Golf
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Insurance Benefits
It provides personal accident insurance worth ₹2 lakh.
Interest Rates
3.5% per month (42% per year)
Spend-Based Waiver
You won’t have to pay the annual fee if you spend Rs. 50,000 or more in a year.
Rewards Redemption Fee
Nil
Cash Advance Charges
Rs. 300 for every Rs. 10,000 you withdraw.
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
Get 4% rewards (24 points per ₹150) on IndianOil fuel, capped at 1,200 points per cycle, plus a 1% fuel surcharge waiver up to ₹100 per cycle.
Card Details
  • Earn 24 points for every ₹150 spent on fuel at IndianOil stations (up to 1,200 points per billing cycle)
  • Get 1,000 reward points when you spend ₹500 within 30 days of getting the card
  • Earn 12 points for every ₹150 spent on groceries and dining (up to 800 points per billing cycle)
  • Annual fee waived if you spend ₹50,000 or more in a year
  • 1% fuel surcharge waiver, up to ₹100 per month on fuel purchases between ₹100 and ₹5,000
  • Personal accident insurance cover of ₹2 lakh
  • Redeem points for cashback, gifts, vouchers, or convert to IndianOil XTRAREWARDS points (300 Kotak points = 250 XTRAREWARDS points)
  • Earn 3 points for every ₹150 spent on other purchases, including UPI payments
  • RuPay contactless payment available for transactions up to ₹5,000
  • Personal concierge service for gift delivery, restaurant bookings, car rentals, movie tickets, and more
  • Add-on cards available with separate spend tracking and adjustable limits
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Frequently Asked Questions

What is the annual fee of Indian Oil Kotak Credit Card?

The annual fee for the Indian Oil Kotak Credit Card is Rs. 449 plus taxes. However, this fee can be waived if you spend Rs. 50,000 or more in a year.

Will I get welcome benefits with Indian Oil Kotak Credit Card?

Yes, you will get 1,000 reward points as a welcome bonus when you spend Rs. 500 within 30 days of getting the card. This benefit is for cardholders who pay the joining fee.

What rewards do I earn with Indian Oil Kotak Credit Card?

You earn 24 reward points for every Rs. 150 spent on fuel at IndianOil outlets, 12 points for every Rs. 150 spent on groceries and dining, and 3 points for every Rs. 150 spent on other purchases. There are monthly limits on points you can earn for fuel and groceries/dining.

How can I redeem my reward points?

You can redeem your reward points by visiting kotakrewards.com or IndianOil XTRAREWARDS to get cashback, vouchers, or other offers.

Can I withdraw cash with the Indian Oil Kotak Credit Card? What are the charges?

Yes, you can withdraw cash with this card. The cash withdrawal fee is Rs. 300 for every Rs. 10,000 you withdraw.

Do I get complimentary airport or railway lounge access with this card?

No, this card does not offer complimentary access to airport or railway lounges.

Does the Indian Oil Kotak Credit Card provide insurance?

Yes, it offers a personal accident insurance cover of Rs. 2 lakh for cardholders.

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