BEST FOR FUEL PURCHASES UPTO ₹7500 PER MONTH

IndianOil Kotak Credit Card

IndianOil Kotak Credit Card - Our Money Guide Our Rating 4.0
Top Reasons to Choose
5%
Benefit on IndianOil fuel purchases, only on purchases upto ₹7,500 per month
2%
Benefit on grocery purchases & dining spends, only on total spends upto ₹10,000 per month
✔︎
Personal concierge services
Annual Fee

₹499

  • Welcome offer worth ₹250 : You get 1000 reward points worth ₹250, on spending ₹500 within 30 days of card issuance
  • Renewal offer : Annual fee is not charged from the 2nd year onwards , if you spend ₹50,000 or more in the previous year.
Minimum Income

Not specified

5% earning on fuel purchases
– 4% earning on IndianOil (IOCL) fuel purchases : You earn 16 reward points worth ₹4, on every ₹100 you spend at IOCL fuel outlets – only on purchases upto ₹7500 per month , since the maximum reward points at this special earning rate are capped at 1200.
– 1% fuel surcharge waiver at all fuel stations : Surcharge waiver is given only on fuel transactions between ₹100 and ₹5,000. Maximum surcharge waiver amount given is ₹100 per monthly card billing cycle.

2% earning on grocery and dining spends
– You earn 8 reward points worth ₹2, on every ₹100 you spend in these categories.
– This is valid only on total monthly spends upto ₹10,000 in these categories, since the maximum reward points at this special earning rate are capped at 800 per month.
– 1 reward point = ₹0.25, and can be redeemed as cashback as a special introductory launch offer. Post launch offer, reward points will need to be converted to IndianOil loyalty program (XTRAREWARDS Points) and then redeemed at IndianOil outlets.

0.50% earning on all other purchases 
– You earn 2 reward points worth ₹0.50, on every ₹100 you spend on all other purchases.

Complimentary personal accident insurance of ₹2 lakhs

Personal concierge services
– Hassle-free gift and flower deliveries
– Seamless restaurant referrals and bookings
– Easy car rental and limousine reservations
– Exclusive golf reservations for your leisure
– Effortless movie ticket bookings

Benefits
– Attractive benefit rate of 5% on monthly fuel purchases, including 1% fuel surcharge waiver
– Good benefit rate of 2% on grocery purchases & dining expenditure
– Low annual card spend target (of ₹50,000) to get annual fees waived off
– Lifestyle benefits such as personal concierge

Drawbacks to consider
– You are restricted to IndianOil pumps, to avail special fuel benefits


To read the full review of the card, please click here
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