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Last updated: 01-06-2026
IndianOil Kotak Credit Card
Kotak Bank

IndianOil Kotak Credit Card

"Best fuel card for IndianOil users โ€” 24 Turbo Points per โ‚น150 at IndianOil stations, 8X on grocery and dining, generous โ‚น3,500 annual surcharge waiver"

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Quick Summary
๐Ÿ’ณ Joining Fee
โ‚น449 + GST (often First Year Free โ€” verify on Kotak Bank website)
๐Ÿ”„ Renewal Fee
โ‚น449 + GST
Waived: Annual fee waived on spending โ‚น50,000 or more in the membership year
๐ŸŽฏ Best Suited For
Regular IndianOil fuel buyers who spend โ‚น3,000 to โ‚น10,000 per month on fuel at IndianOil outlets; those looking for an entry-level fuel rewards card at minimal cost
๐ŸŽ Reward Type
Turbo Points (1 TP = โ‚น0.25; redeemable at IndianOil outlets or Kotak Rewards portal)
๐ŸŽ‰ Welcome Benefit
1,000 bonus Turbo Points on spending โ‚น500 or more within 30 days of card issuance (worth โ‚น250)
๐Ÿ’ฐ Reward Rate
24 Turbo Points per โ‚น150 at IndianOil fuel outlets and XTRAPOWER Fleet Card merchants โ€” 4% effective value back; 8X Turbo Points per โ‚น150 on grocery and dining spends; 3X Turbo Points per โ‚น150 on all other eligible retail; excludes wallets, EMI, government, insurance
โœˆ๏ธ Lounge Access
No complimentary airport lounge access
โ›ฝ Fuel Waiver
1% fuel surcharge waiver at IndianOil and all other fuel stations; maximum โ‚น3,500 per year โ€” significantly higher cap than most cards
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โœ… Pros
  • 24X Turbo Points at IndianOil โ€” 4% effective fuel value-back
  • 8X on grocery and dining
  • High fuel surcharge waiver cap of โ‚น3,500 per year
  • Easy โ‚น50K fee waiver
  • Low โ‚น449 fee; First Year Free often available
โŒ Cons
  • 24X only at IndianOil โ€” not at HPCL or BPCL
  • No airport lounge access
  • High forex markup 3.5%
  • Base 3X on other spends = 0.5% effective rate is average

๐ŸŽ Rewards & Benefits

Reward Type
Turbo Points (1 TP = โ‚น0.25; redeemable at IndianOil outlets or Kotak Rewards portal)
Welcome Benefits
1,000 bonus Turbo Points on spending โ‚น500 or more within 30 days of card issuance (worth โ‚น250)
Reward Rate
24 Turbo Points per โ‚น150 at IndianOil fuel outlets and XTRAPOWER Fleet Card merchants โ€” 4% effective value back; 8X Turbo Points per โ‚น150 on grocery and dining spends; 3X Turbo Points per โ‚น150 on all other eligible retail; excludes wallets, EMI, government, insurance
Reward Redemption
Kotak Rewards portal: cashback (1 TP = โ‚น0.25), vouchers, merchandise; Turbo Points also redeemable at IndianOil XTRAPOWER outlets directly
Fuel Surcharge Waiver
1% fuel surcharge waiver at IndianOil and all other fuel stations; maximum โ‚น3,500 per year โ€” significantly higher cap than most cards
Lounge Access
No complimentary airport lounge access
Spend Based Fee Waiver
Annual fee waived on โ‚น50,000 annual spend
Milestone Benefits
Annual fee waiver on โ‚น50,000 spend; 1,000 bonus Turbo Points on first โ‚น500 transaction
Other Benefits
Generous fuel surcharge waiver cap of โ‚น3,500 per year; railway surcharge waiver on IRCTC; Smart EMI; contactless payments; 8X rewards on grocery and dining

โœจ Special Perks & Exclusive Offers

Memberships
Details coming soon
Insurance Cover
Zero liability on timely card loss reporting
Add-on Cards
Add-on cards for family
Concierge Services
Details coming soon
Special Offers
24X Turbo Points at IndianOil; 8X on grocery and dining; โ‚น3,500 per year fuel surcharge waiver cap

๐Ÿ’ณ Fees & Interest Rates

Joining Fee
โ‚น449 + GST (often First Year Free โ€” verify on Kotak Bank website)
Annual Fee / Renewal Fee
โ‚น449 + GST
โœ“ Waived on: Annual fee waived on spending โ‚น50,000 or more in the membership year
Interest Rate (APR)
๐Ÿ’ก Pay your balance in full each month and this never applies to you.
3.5% per month (42% per annum)
ATM Cash Withdrawal / Cash Advance
2.5% of withdrawn amount, minimum โ‚น500
Late Payment Charges
As per Kotak Bank prevailing slab
Over Limit Charges
2.5% of overlimit amount
Cheque Bounce / Auto-Debit Return
Details coming soon
Other Charges
24X only at IndianOil โ€” not at HPCL or BPCL; verify current FYF offer on Kotak website

๐Ÿ“‹ Eligibility & Credit Limit

Eligibility Criteria
Age 21 to 65 years; Indian resident; salaried or self-employed; minimum monthly income โ‚น15,000+
Credit Score Requirement
680+ CIBIL recommended
Credit Limit
Based on income and Kotak Bank assessment

๐Ÿ“… EMI, Balance Transfer & Debt Management

EMI Conversion
Smart EMI on transactions above โ‚น2,500
Balance Transfer Facility
Available from other bank credit cards
Balance Transfer Interest Rate
As per Kotak Bank prevailing rates
Balance Transfer Charges
Details coming soon

๐Ÿ”’ Security & Fraud Protection

Card Block Feature
Instant block via Kotak Bank mobile app
Instant Fraud Alerts
SMS alerts for every transaction
Purchase Protection
Zero liability on timely card loss reporting
Virtual Card Numbers
Details coming soon
Zero Liability Protection
Zero liability on unauthorized transactions

๐Ÿ“ž Customer Service & Digital Experience

Phone Support
1860 266 2666 (24x7)
Chat / Email Support
SMS KASSIST to 5676788; chat via Kotak Bank website
Mobile App
Kotak Bank mobile app: manage card, track Turbo Points, pay bills
Online Banking
Full management via Kotak Bank NetBanking

Last updated: 01-06-2026

โญ User Reviews

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Printed: 23 Oct 2026, 09:31 PM
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