IndianOil Kotak Credit Card
Best for indianOil fuel spenders. 24 RP per Rs 150 at IndianOil fuel pumps (~4%); 12 RP per Rs 150 on groceries & dining (~2%); 3 RP per Rs 150 on others (~0.5%); 1 RP = Rs 0.25 catalogue / Rs 0.20 cashback
Terms as of 2026-09-28 · Checked 28 September 2026IndianOil Kotak Credit Card at a glance
Who it suits: IndianOil fuel spenders
Rewards & cashback
| Details | |
|---|---|
| How you earn | 24 RP per Rs 150 at IndianOil fuel pumps (~4%); 12 RP per Rs 150 on groceries & dining (~2%); 3 RP per Rs 150 on others (~0.5%); 1 RP = Rs 0.25 catalogue / Rs 0.20 cashback |
| Caps & exclusions | Fuel rewards capped at 1,200 RP/cycle; grocery & dining 800 RP/cycle |
| Welcome benefit | 1,000 RP on Rs 500 spend within 30 days |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹600 | ₹600 |
| ₹3,00,000 / year | ₹1,500 | ₹1,500 |
| ₹6,00,000 / year | ₹3,000 | ₹3,000 |
| ₹12,00,000 / year | ₹6,000 | ₹6,000 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Airport lounge | Unlimited lounge access listed as limited-time offer (paisabazaar) - verify |
| Fuel surcharge | 1% waiver on Rs 100-5,059 at IndianOil, max Rs 100/cycle |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | ₹449 + GST |
| Annual / renewal fee | ₹449 + GST |
| Fee waiver | Annual fee waived on Rs 50,000 annual spends |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Age | 21-65 (add-on 18+) |
| Credit score | 750+ improves approval chances |
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Frequently asked questions
What is the annual fee of the IndianOil Kotak Credit Card?
Joining fee ₹449 and annual fee ₹449 (plus 18% GST). Annual fee waived on Rs 50,000 annual spends.
What rewards does it offer?
24 RP per Rs 150 at IndianOil fuel pumps (~4%); 12 RP per Rs 150 on groceries & dining (~2%); 3 RP per Rs 150 on others (~0.5%); 1 RP = Rs 0.25 catalogue / Rs 0.20 cashback Caps/exclusions: Fuel rewards capped at 1,200 RP/cycle; grocery & dining 800 RP/cycle
Does it give airport lounge access?
Unlimited lounge access listed as limited-time offer (paisabazaar) - verify
Is the IndianOil Kotak Credit Card good for me?
Best for: IndianOil fuel spenders. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.paisabazaar.com, 2026-09-28. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on Kotak Mahindra Bank’s website before applying. FinancePortal is not affiliated with the issuer.