Travel on Points

IndianOil Kotak Credit Card

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  • Joining fee

    Rs. 449 + GST

  • Annual fee

    Rs. 449 + GST

  • Best suited for

    Fuel

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    Get 24 Reward Points on every Rs. 150 spent on fuel. Get 12 Reward Points on every Rs. 150 spent on grocery and dining. Get 3 Reward Points on every Rs. 150 spent on other transactions.

  • Welcome benefits

    Get 1000 Reward Points on spending Rs. 500 or more within 30 days of getting the card

  • Reward redemption

    Reward Points can be redeemed as cashback or to buy merchandise, products, and vouchers on kotakrewards.com. You can redeem your Reward Points for IndianOil XTRAREWARDS as well.

Benefits

  • Movie & dining

    Get 12 Reward Points on spending Rs. 150 on dining. You get 2% back as reward points on your dining spends.

  • Insurance

    Insurance cover worth Rs. 2 Lakhs for personal accident

Fees & charges

  • Spend-based waiver

    Annual fee is waived on spends of Rs. 50,000 or above

  • Rewards redemption fee

    Nil

  • Foreign currency markup

    3.5%

  • Interest rates

    3.75% Per Month or 45% Per Annum

  • Fuel surcharge waiver

    1% Waiver on Fuel Spends Between ₹100 and ₹5,000 Only at IndianOil Pumps (Maximum ₹100 Each Statement Cycle)

  • Cash advance charges

    2.5% of the Cash Withdrawn (Minimum Charge of ₹500)

Product highlights

  • Welcome Benefit of 1000 Reward Points on spending Rs. 500 inside 30 days
  • 24 Reward Points on spending Rs. 150 on fuel at IndianOil outlets
  • 12 Reward Points on spending Rs. 150 on dining and grocery
  • 3 Reward Points on spending Rs. 150 on everything else
  • Annual fee waiver on spends of Rs. 50,000 or more in the previous year
  • 1% fuel surcharge waiver with a maximum of Rs. 100 per month
  • Insurance cover of Rs. 2 Lakhs for personal accident
  • Rupay Contactless payment up to transactions of Rs. 5000

FAQs

What are the welcome benefits with the IndianOil Kotak Credit Card?

You can earn 1000 Reward Points as a welcome benefit upon spending Rs. 500 or above within 30 days of card issuance. The welcome benefit is available only to cardholders who pay the joining fee.

What are the annual fees of IndianOil Kotak Credit Card?

The annual fee of this credit card is Rs. 449 plus taxes. However, you can get the annual fee waived off on spending Rs. 50,000 or more in the previous year.

What is the reward rate on IndianOil Kotak Credit Card?

Cardholders get 24 reward points on every Rs. 150 spent on fuel at IndianOil outlets capped at 1200 reward points every month. You get 12 reward points on every Rs. 150 spent on dining and grocery capped at 800 reward points every month. You get 3 reward points on every Rs. 150 spent on other transactions.

Is it possible to withdraw cash with IndianOil Kotak Credit Card and what are the charges associated with it?

Yes, you can withdraw cash using your IndianOil Kotak Credit Card. The cash advance fee on the card is Rs. 300 for every withdrawal of Rs. 10,000.

Do I get complimentary airport or railway lounge access with IndianOil Kotak Credit Card?

No, you do not complimentary airport or railway lounge access with the IndianOil Kotak Credit Card.