IndianOil Kotak Bank Credit Card
Kotak Mahindra Bank Kotak Mahindra Bank

IndianOil Kotak Bank Credit Card

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/assest/image/icons/fuel.svg Fuel
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Joining Fee: ₹499* Plus Applicable Taxes

Renewal Fee: ₹499*Plus Applicable Taxes

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Fuel Fuel
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Joining Fee: ₹499* + Tax

Renewal Fee: ₹499* + Tax

Welcome benefits:- 1,000 bonus reward points on spending Rs. 500 within 30 days of card issuance

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About The Card Rewards Program Features & Benefits Fees & Charges Thinks We Know FAQs

About IndianOil Kotak Bank Credit Card

IndianOil Kotak Credit Card is a co-branded fuel credit card that provides benefits on fuel, dining, and grocery spends, along with rewards on UPI transactions (RuPay variant). The card gives up to 4.2% value back on IndianOil fuel (3.2% via reward points + 1% fuel surcharge waiver) and 1.6% value back on grocery and dining, covering key everyday spends. Reward points can be redeemed for cashback, vouchers, or products via the rewards catalogue, and also converted into XTRAREWARDS Points (XRP) for fuel redemption at IndianOil outlets.

However, the low redemption value (1 RP = ₹0.20) and reward capping reduce the overall savings. Also, benefits are mainly tied to IndianOil, making it less rewarding beyond fuel spends.

In summary, this card is best suited for individuals who frequently refuel at IndianOil stations and want extra savings on fuel, dining, and groceries.

IndianOil Kotak Bank Credit Card Rewards Program

Reward Earning

  • 1.6% value back (12 RPs / ₹150) on grocery & dining (max 800 RPs/month).
  • 0.4% value back (3 RPs / ₹150) on other spends including UPI.

Reward Redemption

  • Convert to cashback: 1 RP = ₹0.20 (₹1 = 5 RPs).
  • Redeem for vouchers, travel, recharges, and more at 1 RP = ₹0.20.
  • Convert points to IndianOil XTRAREWARDS program.

Other Features and Benefits

Fuel Benefits

  • Get 3.2% value back (24 RPs / ₹150 spent) at IndianOil fuel outlets (max 1,200 RPs per month).
  • 1% fuel surcharge waiver on spends ₹100–₹5,059 (max waiver ₹100/month at IndianOil outlets).

Welcome Benefit

  • 1,000 bonus reward points on spending ₹500 within 30 days of card issuance

Annual Fee Waiver

  • Annual fee waived on spending ₹50,000 in a year

Insurance Coverage

  • Personal accident insurance cover of ₹2 Lakh

Concierge Services

Personal concierge support for:

  • Gift & flower delivery
  • Restaurant referrals & bookings
  • Car rental & limousine reservations
  • Golf reservations
  • Movie ticket bookings

Add-on Card Benefits

  • Free add-on card with all benefits similar to the primary card

Contactless Feature

  • RuPay contactless payments without PIN for transactions up to ₹5,000

Fees and Charges

Fee TypeAmount
Joining FeeRs. 449 + Applicable Taxes
Annual FeeRs. 449 + Applicable Taxes
Finance Charges3.75% p.m. (45% p.a.)
Late Payment Charges
For Statement Balance:Amount:
Up to Rs. 100Nil
Between Rs. 100.01 to Rs. 500Rs. 100
Between Rs. 500.01 to Rs. 5,000Rs. 500
Between Rs. 5,000.01 to Rs. Rs. 10,000Rs. 600
Between Rs. 10,000.01 to Rs. 25,000Rs. 800
Between Rs. 25,000.01 to Rs. 50,000Rs. 1,000
Above Rs. 50,000Rs. 1,200

Things to Know Before you apply

Get this card if:

  • You commute daily and fuel expenses make up a large part of your budget
  • You usually fuel at IndianOil fuel stations
  • You want a credit card that also gives benefits on UPI spends
  • You can spend ₹50,000 annually to get the annual fee waived

Eligibility Criteria

  • Age: 21 to 70 years
  • Occupation: Salaried or Self-employed
  • Credit Score: Should have a good credit history

Document Required For IndianOil Kotak Bank Credit Card

  • Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
  • Proof of Address: Aadhaar Card, Driver’s License, Passport
  • Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement

IndianOil Kotak Bank Credit Card Hilights

What do we like about this card?

  • India’s No. 1 fuel credit card with maximum savings on IndianOil fuel
  • Get up to 5% value back on fuel spends at IndianOil outlets
  • Earn 2% value back on grocery and dining transactions
  • Rewards available on UPI transactions with RuPay variant
  • Annual fee waived on yearly spends of ₹50,000

Pros

  • Up to 4.2% value back on IndianOil fuel spends
  • 1.6% accelerated rewards on everyday spends like grocery & dining
  • Annual fee waiver with a spend of ₹50,000 (easily achievable)
  • Base reward rate on UPI spends with RuPay variant

Cons

  • Monthly capping on accelerated reward points
  • Low redemption value (₹0.20 per reward point)
  • No surcharge waiver on fuel spends outside IndianOil outlets
  • Cashback redemption is only a limited-period offer

Kotak Mahindra Bank Credit Card Contact Details

  • Contact Address: Kotak Mahindra Bank Ltd. 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051, India
    Helpline: 1860 266 2666 (available from all major cities in India)
    Simply SMS: Send KCC last 4 digits of your credit card to 5676788 to get card-related info.

Frequently Asked Questions

Everything you need to know about this credit card

No, reward points cannot be directly redeemed. You must convert them into IndianOil XTRAREWARDS Points (XRP), where 1 XRP = ₹0.30, and then use them at fuel stations.

The cashback redemption is an introductory launch offer available for a limited time. You can convert Kotak reward points into cashback, which gets credited to your card statement. To redeem, call Kotak Customer Care at 1860 266 2666.

Yes, you get a 1% fuel surcharge waiver on transactions between ₹100 – ₹5,000 at IndianOil outlets. The maximum monthly waiver is capped at ₹100.

With Tap & Pay, you can make secure contactless payments of up to ₹5,000 per transaction.

Yes, you can get an add-on card for a family member (minimum age: 18 years). Spending limits and transactions can be tracked easily.

Yes, you can get a waiver on the annual fee if you spend ₹50,000 or above in the previous anniversary year.

Yes, you get a 1% fuel surcharge waiver up to ₹100 for transactions between ₹100 and ₹5,000 at fuel stations.

Yes, the card comes with personal accident insurance coverage of ₹2 lakhs.

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