IndianOil Kotak Credit Card benefits
- Fuel4%
back as reward points at IndianOil pumps
up to 1,200 points a statement cycle
- Fuel1%
fuel surcharge waiver at IndianOil
up to ₹100 a cycle
- Rewards2%
back on groceries and dining
up to 800 points a cycle together
- Rewards0.5%
back on other spends and on UPI payments
- Fees₹449
fee, waived on ₹50,000 of yearly spends
IndianOil Kotak Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| IndianOil pumps24 reward points per ₹150 at IndianOil fuel stations, which is 4% back at ₹0.25 a point. Capped at 1,200 points a statement cycle, reached at ₹7,500 of fuel. Not on UPI payments. | 16 points per ₹100 | 1,200 |
| Groceries12 reward points per ₹150 at grocery stores, supermarkets and department stores (MCC 5411, 5311, 5399, 5422, 5451, 5499, 5441), which is 2% back. Shares a limit of 800 points a statement cycle with dining. | 8 points per ₹100 | 800 |
| Dining and food delivery12 reward points per ₹150 at restaurants, bars and fast food outlets (MCC 5812, 5813, 5814). Shares the 800 point limit with groceries. | 8 points per ₹100 | 800 |
| Everything else | 2 points per ₹100 | None |
We value one point at ₹0.25 in the usual redemption.
No rewards on: Kotak's IndianOil card page does not list excluded spends.
All reward rules
- 3 reward points per ₹150 on all other spends, which is 2 points per ₹100 or 0.5% back. There is no cap at this rate.
- All UPI payments earn 0.5% back, whatever the merchant category. The 4% fuel rate and the fuel surcharge waiver do not apply to UPI.
- 1 reward point = ₹0.25 on the Kotak Rewards catalogue, so we use ₹0.25. As cashback it is ₹0.20 a point, with a minimum of 2,000 points.
- Kotak's card page does not say what fuel at other companies' pumps earns, so our maths counts it as nothing.
- Welcome benefit: 1,000 reward points, worth ₹250, for one spend of ₹500 or more within 30 days of card issue. Only cards with the joining fee paid get it, and points arrive within 3 months.
- Kotak also mentions a concierge service on the RuPay variant.
What the IndianOil Kotak Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “a bit of everything” pattern, using IndianOil pumps where the card pays extra. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹6,000 | 2% | ₹1,440 |
| Dining and food delivery | ₹3,000 | 2% | ₹720 |
| Online shopping | ₹8,000 | 0.5% | ₹480 |
| Travel | ₹3,000 | 0.5% | ₹180 |
| Fuel | ₹3,000 | 4% | ₹1,440 |
| Bills and utilities | ₹3,000 | 0.5% | ₹180 |
| Everything else | ₹4,000 | 0.5% | ₹240 |
| Total | ₹30,000 | ₹4,680 | |
| Renewal fee with GST | Waived | ||
| You keep | ₹4,680* |
IndianOil Kotak Credit Card annual fee and charges
- Joining fee
- ₹449
- Annual fee
- ₹449
- Fee waiver
- ₹50,000 a year
- Foreign currency markup
- 3.5%
Fees are before GST. Spend ₹50,000 in a card year and Kotak waives the next annual fee. The joining fee is billed within 90 days of card issue and has no waiver.
Fuel surcharge: 1% fuel surcharge waiver at IndianOil outlets on transactions of ₹100 to ₹5,000, up to ₹100 a statement cycle. Not on UPI.
IndianOil Kotak Credit Card eligibility
Kotak does not list age or income rules on the IndianOil Kotak card page. Kotak checks eligibility when you apply.
The bank alone decides approval and your credit limit.
IndianOil Kotak Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Is the IndianOil Kotak Credit Card right for you?
A card with a ₹449 fee that spending can waive, paying 4% at IndianOil pumps and a below-average 0.5% elsewhere.
Worth its fee if you spend about ₹4,000 a month or more. Below that, the ₹449 fee costs more than the card gives back on spending like the example above.
Good for you if
- You spend a lot at IndianOil pumps: the card pays 4% back there, against 0.5% on most other spends.
- You spend ₹50,000 a year or more (about ₹4,200 a month), so the ₹449 renewal fee is waived.
- You pay by UPI: it is a RuPay card you can link to UPI apps and use at shop QR codes.
Not for you if
- You spend less than about ₹4,200 a month: you would pay ₹530 a year with GST.
- You spend more than ₹7,500 a month at IndianOil pumps: the higher rate stops there.
- You rarely use IndianOil pumps: outside them the card pays 0.5%.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to IndianOil Kotak Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| IndianOil Kotak Credit Card | ₹449 | 4% | ₹3,240* |
| IndianOil HDFC Bank Credit Card | ₹500 | 4.8% | ₹3,693* |
| IndianOil RBL Bank XTRA Credit Card | ₹1,500 | 7.5% | ₹2,880* |
If most of your spending looks like the example above, the IndianOil HDFC Bank Credit Card may suit you better: it would leave you ₹5,421 a year, against ₹4,680 with the IndianOil Kotak Credit Card.
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
How much can I save on fuel with the IndianOil Kotak Credit Card?
Up to 5% at IndianOil pumps: 4% as reward points (24 points per ₹150) and 1% as a fuel surcharge waiver. The points are capped at 1,200 a statement cycle, worth ₹300, and the waiver at ₹100 a cycle. So the full 4% applies to about ₹7,500 of fuel a month.
What is 1 reward point worth on the IndianOil Kotak card?
₹0.25 when you redeem on the Kotak Rewards catalogue for vouchers, recharges, travel and products. As cashback through customer care, it is ₹0.20 a point, with at least 2,000 points.
Do UPI payments on the IndianOil Kotak card earn fuel points?
UPI payments earn 0.5% back as reward points, in every category. The 4% fuel rate and the fuel surcharge waiver are not given on UPI, so swipe or tap the card at the pump.
What is the annual fee of the IndianOil Kotak Credit Card?
₹449 plus GST as joining fee and ₹449 plus GST a year. Spend ₹50,000 in a card year and Kotak waives the next annual fee.