IndianOil Kotak Credit Card
Fees
₹499 + Taxes
Joining & AnnualReward 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 Access
No Lounge Access
FindMyCard Expert Take
The IndianOil Kotak Credit Card from Kotak Bank offers Fuel Spends at IndianOil Fuel Outlets with an annual fee of ₹499 + Taxes.
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
Editorial Verdict
The IndianOil Kotak Credit Card is ideally suited for fuel spends at indianoil fuel outlets. If you want 24 points per ₹150 on indianoil fuel (~4% value-back, capped at 1,200 points/month); 1% fuel surcharge waiver; 2% on grocery & dining, this card delivers real value. The ₹499 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (730+) credit to be approved.
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
🚀 Milestone Spends Timeline
Annual fee waived on ₹50,000 annual retail spends
Fees & Charging Rates
Annual Fee Waivers
₹499 + Taxes
💡 Annual fee waived on ₹50,000 annual retail spends
Regular Interest Charges
3.6% per month (43.2% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| up to 500 | Nil |
| 501 to 1000 | ₹500 |
| 1001 to 5000 | ₹600 |
| 5001 to 10000 | ₹750 |
| 10001 to 25000 | ₹900 |
| 25001 to 50000 | ₹1,100 |
| above 50000 | ₹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
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... | — | 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 |