Kotak Mahindra Bank
IndianOil Credit Card
SimplifyCards take:A good fit if you want a card built for fuel, grocery, and dining
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Best for IndianOil Fuel SpendsBest for
24 Reward Points / ₹150 spent on IndianOil fuel spends
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Avoid for heavy international useWatch out
A 3.5% forex markup is on the higher side for overseas spends
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Good fit if you want a card built for fuel, grocery, and diningBottom line
It offers accelerated rewards on indianoil fuel spends
Estimate your Kotak Reward Points
Adjust your monthly spend to see the card's estimated annual value
How the card works
Kotak Reward Points rates
| Category | Rate | Monthly cap |
|---|---|---|
| IndianOil Fuel Spends | 24 Reward Points / ₹150 spent on IndianOil fuel spends | 1,200 Kotak Reward Points |
| Grocery And Dining Spends | 12 Reward Points / ₹150 spent on grocery and dining | 800 Kotak Reward Points |
| UPI And Other Eligible Retail Spends | 3 Reward Points / ₹150 spent | - |
Redemption
Statement balanceupto ₹ 0.2 per point
Vouchersupto ₹ 0.25 per point
| Voucher partner | Programme / collection | Ratio |
|---|---|---|
| Brand e-Vouchers | Shopping & gift vouchers via Kotak Rewards | 1 point = ₹0.25 |
| Travel bookings | Flight & hotel bookings via Kotak Rewards | 1 point = ₹0.25 |
Important conditions
1
Fee waiverRenewal fee waived on annual spends of ₹ 50,000
Benefits and fine print
Welcome, renewal, and other listed benefits
Joining benefits
- 1,000 Reward Points (worth ₹250) on spending ₹500 or above within 30 days of card issuance
Additional benefits
- 1% fuel surcharge waiver on transactions between ₹100 to ₹5,000 (max ₹100 per statement cycle) at IndianOil outlets
- Concierge and assistance services (RuPay variant only)
Additional details
- Points can be redeemed via the Kotak Rewards portal (kotakrewards.com) at a value of ₹0.25 per point for vouchers and travel bookings
- Points can also be redeemed as statement credit at a value of ₹0.20 per point, with a minimum threshold of 2,000 points
Eligibility
Check this before you apply
Salaried
- Age: 18 to 65 years
- Resident of India
Self-employed
- Age: 18 to 65 years
- Resident of India
Exclusions
Spending that does not earn kotak reward points
- Fuel spends at non-IndianOil outlets
- Rent payments
- E-wallet loading transactions
- EMI transactions
- Education spends
- Government spends
- Insurance spends
- Online skill-based gaming transactions
- Cash advance / withdrawal
- Balance transfer
Compare before you decide
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