IndianOil Kotak Credit Card
Kotak Mahindra Bank
Annual Fee
₹449
Joining Fee
₹449 + GST
Base Reward
0.5% points
Foreign Markup
3.5%
Fee Waiver
Annual fee is waived on spends of ₹50,000 or more in the previous year
Interest Rate
3.75% per month
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
Rewards
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.
Redemption
Reward Points can be redeemed as cashback or to buy merchandise, products, and vouchers on kotakrewards.com.
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
fuel | 16%(24 Reward Points on every ₹150 spent) | No cap |
grocery | 8%(12 Reward Points on every ₹150 spent) | No cap |
dining | 8%(12 Reward Points on every ₹150 spent) | No cap |
other | 2%(3 Reward Points on every ₹150 spent) | No cap |
Merchant-Specific Rewards
| Merchant | Reward | Context |
|---|---|---|
| IndianOil | 24 Reward Points on every ₹150 spent(Maximum of 1200 reward points per month) | offline |
Benefits & Features
Get 12 Reward Points on spending ₹150 on dining.
Fees & Charges
Eligibility
Min Age
18 years
Max Age
65 years
Available Networks
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.