IndianOil Kotak Credit Card
Fees
₹499 + Taxes
Joining & annual
Reward Rate
24 points per ₹150 on IndianOil fuel (~4% value-back, capped at 1,200 points/month); 1% fuel surcharge waiver; 2% on grocery & dining
Welcome Bonus
Welcome gift benefit on card activation & joining fee payment
Lounge
No Lounge Access
Our Expert Take
The IndianOil Kotak Credit Card from Kotak Bank offers Fuel Spends at IndianOil Fuel Outlets with an annual fee of ₹499 + Taxes.
Reward limits
Checked 11 Oct 2026 · Bank terms
-
24 points per ₹150 at IndianOil
Max 1,200 points per statement cycle
Reached after about ₹7,500 of spend
-
12 points per ₹150 on groceries and dining
Max 800 points per statement cycle
Reached after about ₹10,000 of spend
Where this card earns most
Paying directly in the app or site · 0.5% on other spends
Pros & Cons
Key Advantages
- Up to 5% total value-back on IndianOil fuel (4% rewards + 1% surcharge waiver)
- 2% value-back on grocery and dining spends
- Personal accident insurance cover up to ₹2 Lakh
- Fee waiver threshold (Annual fee waived on ₹50,000 annual retail spends)
Limitations
- No airport or railway lounge access
- Fuel rewards are capped at 1,200 points per month
- Fuel surcharge waiver is capped at ₹100/month
Key Perks & Spending Milestones
Accelerated reward earn rate on fuel purchases
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Up to 50 days of interest-free credit period
Zero lost card liability protection
Spend milestone
Annual fee waived on ₹50,000 annual retail spends
Fees & Charges
Joining fee
₹499 + Taxes
Annual fee
₹499 + Taxes
Annual fee waived on ₹50,000 annual retail spends
Interest rate
3.6% per month (43.2% per annum)
Late payment fee
- Up to ₹500
- Nil
- ₹501 to ₹1,000
- ₹500
- ₹1,001 to ₹5,000
- ₹600
- ₹5,001 to ₹10,000
- ₹750
- ₹10,001 to ₹25,000
- ₹900
- ₹25,001 to ₹50,000
- ₹1,100
- Above ₹50,000
- ₹1,300
Insurance & Protection Benefits
air accident cover
Up to ₹50 Lakh
lost card liability
Up to ₹1 Lakh
purchase protection
Nil
emergency medical cover
Nil
Eligibility Criteria
salaried minimum income
₹25,000 per month
self employed ITR
₹6 Lakh per annum
age
21 to 65 years
Credit score & income
Good (730+)
Frequently Asked Questions
How much value-back does IndianOil Kotak offer on fuel?
What's the reward rate on non-fuel spends?
Does this card offer lounge access?
Compare IndianOil Kotak Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| IndianOil Kotak Credit Card This Card | ₹499 + Taxes | 24 points per ₹150 on IndianOil fuel (~4% value-back, capped at... | No Lounge Access | 4.2/5 |
| Standard Chartered Super Value Titanium Credit Card | ₹750 + Taxes | 5% cashback on fuel, telecom & utility bills (capped... | No Lounge Access (Premium Banking customers get 1 Priority Pass visit/month) | 4.3/5 |
| HDFC IndianOil Credit Card | ₹500 + Taxes | 5% Fuel Points at IndianOil outlets, groceries, and bill payments | No Lounge Access | 4.2/5 |
| IndianOil RBL Bank XTRA Credit Card | ₹1,500 + Taxes | Up to 8.5% total fuel savings profile at IndianOil outlets | No Lounge Access | 4.1/5 |