HomeCredit CardsIndianOil Kotak Credit Card
IndianOil Kotak Credit Card

Kotak Mahindra Bank

IndianOil Kotak Credit Card

rupayclassiccreditfuelgrocerydining

Annual Fee

₹530₹449 + GST

Base Reward

0.5% points

Foreign Markup

3.5%

Apply Now
4.5/5
VerifiedLast updated 26 May 2026

Welcome Benefits

Get 1000 Reward Points on spending ₹500 or more within 30 days of getting the card

Product Highlights

  • Welcome Benefit of 1000 Reward Points on spending ₹500 inside 30 days
  • 24 Reward Points on spending ₹150 on fuel at IndianOil outlets
  • 12 Reward Points on spending ₹150 on dining and grocery
  • 3 Reward Points on spending ₹150 on everything else
  • 1% fuel surcharge waiver with a maximum of ₹100 per month
  • Insurance cover of ₹2 Lakhs for personal accident

Category Rewards

dining

Dining + Groceries (2% back)

2X

grocery

Dining + Groceries (2% back)

2X

Specialty

UPI (0.5% back)

0.5X

Fee Waiver

Annual fee is waived on spends of ₹50,000 or more in the previous year

Merchant-Specific Rewards

1 pt ≈ ₹0.25–₹0.50
IndianOil

IndianOil

IndianOil fuel (4% back)

4X

Reward Calculator

Earns ₹2,410/year (net)

Modest gain. Solid hold if you like the perks.

Monthly spend

₹19K

across all your buckets

Points / yr

11.8K

Kotak Reward Points

Best worth

₹2.9K

via standard · ₹0.25/pt

Effective rate

1.29%

Annual fee

₹530

Year 1 net

+₹2,410

Year 2+ net

+₹2,410

ongoing

Adjust your spend by reward bucket

4 buckets
4.00%IndianOil fuel (4% back)
₹3,000/mo
Earns 480 kotak reward points / mo≈ ₹120 worth/mo
2.00%Dining + Groceries (2% back)
₹3,000/mo
Earns 240 kotak reward points / mo≈ ₹60 worth/mo
0.50%UPI (0.5% back)
₹3,000/mo
Earns 60 kotak reward points / mo≈ ₹15 worth/mo
0.50%All other spends
₹10,000/mo
Earns 200 kotak reward points / mo≈ ₹50 worth/mo

Real Reward Ceiling

Headline %s are gated by caps. Here's how far each accelerator stretches before it falls back to the base rate.

IndianOil fuel (4% back)

Headline: 4.00% effective

Dining + Groceries (2% back)

Headline: 2.00% effective

Surcharges & Exclusions

Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.

Foreign exchange markup

3.5%

Charged on every international (non-INR) transaction

Excluded from rewards

cash advance, rent, wallet, emi, government, education

Fuel surcharge waiver (good news)

1%

on ₹100–₹5,000 fuel txns

Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.

Rewards Details

Get 24 Reward Points on every ₹150 spent on fuel at IndianOil outlets, 12 Reward Points on every ₹150 spent on grocery and dining, and 3 Reward Points on every ₹150 spent on other transactions.

Reward Points — Redemption Value
  • Reward Points can be redeemed as cashback or to buy merchandise, products, and vouchers on kotakrewards.com.

Benefits & Features

Get 12 Reward Points on spending ₹150 on dining.

Pros & Cons

Pros

  • High reward points on fuel spends
  • Welcome benefit of 1000 Reward Points
  • Annual fee waiver on spends of ₹50,000 or more

Cons

  • Maximum capping on reward points
  • No complimentary lounge access

Additional Info

Maximum of 1200 reward points per month on fuel spends and 800 reward points per month on dining and grocery spends.

Partner Merchants

IndianOil

Ready to apply?

Apply directly on the bank's official website. Quick approval, no hidden steps.

Apply Now

Official bank website · Secure

Fees & Charges

Annual Fee₹449
Joining Fee₹449 + GST
Fee WaiverAnnual fee is waived on spends of ₹50,000 or more in the previous year
Foreign Markup3.5%
Interest Rate3.75% per month
Cash Advance2.5% of the Cash Withdrawn (Minimum Charge of ₹500)

Eligibility

Min Age

18 yrs

Networks

rupay