Kotak IndianOil Credit Card: Fees, Rewards & Benefits
Fuel card
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The Kotak IndianOil is a low-cost fuel card best suited to IndianOil loyalists, offering ~4% back on fuel and 4X on grocery/dining, with a Rs.449 fee waived at just Rs.50,000 spend. Tight monthly caps, a 0.25/point value and no lounge access keep it a focused everyday card.
Fuel card
The Bottom Line
The Kotak IndianOil is built for indianoil fuel loyalist and budget everyday spender. With a ₹449 annual fee that is waived on ₹50,000 yearly spend, it offers 4% rewards on indianoil outlets (fuel) and 1,000 bonus points. It makes the most sense if your spending matches indianoil fuel loyalist and budget everyday spender.
It earns a base reward rate of 0.5% and stacks best when your spending lines up with IndianOil fuel loyalist, Budget everyday spender. The renewal fee gets easier to justify once you can hit ₹50,000 in yearly spend.
Who Should Get This Card
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Best fit for
IdealCommuters refuelling at IndianOil pumps can earn ~4% back up to the monthly cap, easily covering the Rs.449 fee.
Those wanting cheap fuel-plus-grocery rewards with an easy Rs.50,000 fee waiver and UPI support.
Probably not for
SkipDrivers who fill up at non-IndianOil stations miss the accelerated rate entirely.
With no lounge access, frequent flyers gain little from this card.
Is It Worth It For You?
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Reward Rates
Kotak IndianOil offers 0.5% basic reward rate.
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Welcome Offer
1,000 Reward Points as welcome benefit on a single transaction of INR 500 or more within 30 days of card issuance. Credited within 3 months of completing the transaction. Available only to customers who pay the joining fee.
Milestone Benefits
Annual fee waiver on retail spends of INR 50,000 or more in the preceding anniversary year.
Fees & Charges
Eligibility
- Min Credit Score: 720
- CIBIL 720+ required; available on RuPay network; annual fee Rs 449 waived on Rs 50,000 spend; fuel-focused co-branded card.
Frequently Asked Questions
2 data-backed answers from our card database
Ready to apply?
₹449 annual fee. Apply on the Kotak Mahindra Bank website.
Apply on Kotak Mahindra Bank →We may earn a commission if you apply through this link. It never affects our ratings.
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