IndianOil Kotak Credit Card
Updated 15 Apr 2026Source-linked
The IndianOil Kotak Credit Card is a entry co-branded credit card from Kotak Mahindra Bank and IndianOil, with a joining fee of ₹500 + GST.
It earns up to 6% back on IndianOil spends in the form of fuel points (points).
IndianOil Kotak Credit Card
- Joining Fee₹500
- Annual Fee₹500
- Best Suited ForFuel
- Reward TypeFuel Points (points)
Rewards Rate
- 6% on indianoil fuel (cap 300 points / monthly)
- 3% on groceries dining utility
- Base 0.67% on other spends
Welcome Benefits
- Not applicable
Rewards and Benefits
Rewards Rate
6% on indianoil fuel (cap 300 points / monthly)
3% on groceries dining utility
Base 0.67% on other spends.
Reward Redemption
IndianOil XtraRewards: Redeem at ₹1 per unit.
Welcome Benefits
N/A
Milestone Rewards
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
N/A
Fees & Charges
Spend-Based Waiver
₹75,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.50% per month (42.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹500 and ₹3,000, capped at ₹3,500 per annual.
Cash Advance Charges
2.5% or ₹300 (whichever is higher)
Product Details
- Co-branded entry card by Kotak Mahindra Bank and IndianOil.
- Joining / annual fee of ₹500 + GST, waived on annual spends of ₹75,000.
- Available on the RuPay network.
Pros & Cons
Pros
- Annual fee waivable on ₹75,000 spend.
- Accelerated earn rate of 6% on indianoil fuel.
Cons
- Standard forex markup of 3.50% — suboptimal for international spend.
- No complimentary airport lounge access.
Accelerated rewards
- 6% on indianoil fuel (cap 300 points / monthly)Merchants: indianoil-fuel-stations24 points per ₹150 at IOC outlets (effectively ~16% on fuel in XtraRewards equivalent), capped 300 points/month.
- 3% on groceries dining utility
Exclusions
The following spend categories earn no rewards on this card:
- wallet loads
- rent
- insurance premiums
- emi
Fuel surcharge waiver
1.0% waiver on fuel transactions between ₹500 and ₹3,000, capped at ₹3,500 per annual.
Sources
- : www.kotak.com · retrieved 15 Apr 2026
Last verified 15 Apr 2026. Verify with the issuer before applying.
Eligibility
- Age
- 21–65
- Credit score
- 720+
- Income (salaried)
- ₹3,00,000 p.a.
- Income (self-employed)
- ₹3,00,000 p.a.