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Credit Cards · India

IndianOil Kotak Credit Card

Updated 3 Jul 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 ₹449 + GST.

It earns up to 24 pts per ₹150 (≈4.0% value) on IndianOil spends in the form of reward points (points).

Welcome benefit: 1,000 reward points.

Kotak Mahindra Bank logo
IndianOil Kotak Credit Card
RuPay logo
  • Joining Fee₹449
  • Annual Fee₹449
  • Best Suited ForFuel
  • Reward TypeReward Points (points)
Rewards Rate
  • 24 pts per ₹150 on indianoil fuel (cap 1200 points / statement)
  • 12 pts per ₹150 on grocery dining
  • Base 0.50% on other spends
Welcome Benefits
  • 1,000 reward points
Data verified 3 Jul 2026 — see our methodology
Kotak Mahindra Bank logoKotakRuPay logoplatinumentryCo-brand · IndianOil ↗
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Rewards and Benefits

Rewards Rate
24 pts per ₹150 on indianoil fuel (cap 1200 points / statement)
12 pts per ₹150 on grocery dining
Base 0.50% on other spends.
Reward Redemption
Kotak Rewards: Redeem at ₹0.25 per unit.
Welcome Benefits
1,000 reward points
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

See the math — accelerations & caps

What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.

No accelerated categories apply to the spend you entered — everything earns the base rate.

Base-rate spend

Non-accelerated spend, summarized at this card's base rate.

  • Online shopping₹15,000 · 0.5% = ₹75/mo
  • Groceries₹8,000 · 0.5% = ₹40/mo

    Groceries — earns base; accelerated rate needs 100% of this bucket qualifies

  • Dining & food delivery₹8,000 · 0.5% = ₹40/mo

    Dining & food delivery — earns base; accelerated rate needs 100% of this bucket qualifies

  • Fuel₹4,000 · 0.5% = ₹20/mo

    Fuel — earns base; accelerated rate needs booking via iocl

  • Travel & hotels₹10,000 · 0.5% = ₹50/mo
  • Utilities & bills₹5,000 · 0.5% = ₹25/mo
Est.net rewards for this spend, realistic
₹3,000/yr

₹3,000 rewards − ₹0 annual fee. Estimate for the spend you entered.

Fees & Charges

Spend-Based Waiver
₹50,000 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 ₹449 + GST, waived on annual spends of ₹50,000.
  • Available on the RuPay network.

Pros & Cons

Pros
  • Annual fee waivable on ₹50,000 spend.
  • Accelerated earn worth ≈4.0% on indianoil fuel.
Cons
  • Standard forex markup of 3.50% — suboptimal for international spend.
  • No complimentary airport lounge access.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

₹250 welcome benefit

  • 1,000 reward points
    Spend ₹500 (single transaction) within 30 days of issuance
    Window: 30 days from issuance.

Accelerated rewards

  • 24 pts per ₹150 on indianoil fuel (cap 1200 points / statement)
    5% savings on IndianOil fuel = 24 RP per ₹150 (4%) + 1% fuel-surcharge waiver; RP capped 1,200/statement.
  • 12 pts per ₹150 on grocery dining
    2% back on select grocery & dining MCCs.

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

Last verified 3 Jul 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.
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