Last updated: |Data verified from official bank sources
Entry
Kotak IndianOil Credit Card
Kotak Mahindra Bank
Best for: IndianOil fuel users with regular grocery/dining spends
₹449
Annual Fee
2.67%
Reward Rate
3.5%
Forex Markup
None
Domestic Lounge
None
Intl Lounge
Best for: IndianOil fuel users with regular grocery/dining spends
Things to Watch Out For
- •Caps on accelerated categories limit value
Fees & Charges
Joining Fee₹449
Annual Fee₹449
Fee WaiverSpend ₹50K annually
Forex Markup3.5%
Rewards
TypeFuelPoints
Base Rate4 pts/₹150
Effective Return2.67%
Accelerated Categories
IndianOil Fuel24 pts/₹150 (16%)cap: 1200 pts/statement
Grocery/Dining12 pts/₹150 (8%)cap: 800 pts/statement
Lounge Access
DomesticNone
InternationalNone
Eligibility
Minimum Income₹2.4L/year
Welcome Benefits
Benefit1000 Reward Points on ₹500+ txn in 30 days
Estimated Value₹500
Available on: Visa
Frequently Asked Questions
What is the annual fee for Kotak IndianOil Credit Card?▼
Kotak IndianOil Credit Card has an annual fee of ₹449. Spend ₹50K annually
What rewards does Kotak IndianOil Credit Card offer?▼
Kotak IndianOil Credit Card offers 4 pts/₹150 on all spends, with an effective value of 1.33%.
Does Kotak IndianOil Credit Card have lounge access?▼
Kotak IndianOil Credit Card does not include complimentary lounge access.
What is the minimum income required for Kotak IndianOil Credit Card?▼
The minimum income requirement for Kotak IndianOil Credit Card is ₹2.4 lakhs per annum.
Information sourced from Kotak Mahindra Bank official website. Last verified: February 2026.
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