Kotak
Kotak IndianOil Credit Card
This is an invite only card
Top Benefits
Earn 4% Back as Reward Points on IndianOil fuel
spends at 24 Reward Points per ₹150, capped at 1,200 Reward Points per statement cycle with 1 Reward Point = ₹0.25
Get 1,000 Reward Points Worth ₹250
on spending ₹500 within 30 days of card issuance
Best For
Fuel
Dining
Grocery Shopping
If you commute daily and spend a good chunk of your budget on petrol, the Kotak IndianOil Platinum Cred...
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If you commute daily and spend a good chunk of your budget on petrol, the Kotak IndianOil Platinum Cred...
If you commute daily and spend a good chunk of your budget on petrol, the Kotak IndianOil Platinum Credit Card is designed to put money back in your pocket. This co-branded fuel card gives you a clear 5% value back on your IndianOil fuel purchases, combining reward points and surcharge waivers to bring down your monthly fuel bills. Because it is issued on the RuPay network, you can also link it to your favorite UPI apps to make simple scan-and-pay transactions at local shops, earning rewards on those daily digital spends.
This card targets daily commuters, middle-income professionals, and smart budgeters who want straightforward fuel savings without paying high premium card fees. At a reasonable fee of Rs. 449, which gets waived if you spend Rs. 50,000 in a year, it works great as an everyday driver. What sets it apart from basic cashback cards is the targeted 4% reward rate at IndianOil pumps and a solid 2% back on dining and grocery runs, making it a highly practical tool for household budgeting.
View FAQ
Commonly Asked Questions
Is the Kotak IndianOil Platinum Credit Card lifetime free?
No, the card comes with a joining fee of Rs. 449 and an annual fee of Rs. 449. However, you can get the annual renewal fee waived if you spend Rs. 50,000 or more in the previous year.
Is this a good credit card for beginners?
Yes, it is a solid first card if you have a daily commute. Since you earn a high 5% value back on IndianOil fuel and 2% on groceries, it rewards everyday spending habits without asking for a massive annual fee.
Who should apply for this card?
Daily drivers and families who spend regularly at IndianOil fuel stations should apply. It is also a smart choice if you prefer using UPI for merchant payments and want to earn points on those transactions.
What makes this card different from other fuel cards?
Its dual advantage stands out. You get strong fuel benefits at IndianOil stations, plus the ability to link the RuPay card to UPI apps to earn 0.5% back in reward points on simple QR code payments.
Expert Review
As a credit card analyst, I appreciate a card that knows exactly what it wants to be. The Kotak IndianOil Platinum Credit Card does not pretend to be a luxury lifestyle card. It is a highly utilitarian product built for the Indian commuter. The 5% return at IndianOil pumps is straightforward and reliable, and hitting the 1,200 points monthly cap allows for healthy savings of Rs. 240 a month just on petrol.
What gives this card an edge is its RuPay nature. The ability to link it to GPay and earn 0.5% back on neighborhood UPI scans adds a layer of everyday practicality that Visa/Mastercard competitors lack. The 2% return on groceries and dining is just the cherry on top, making the Rs. 50,000 annual fee waiver ridiculously easy to achieve.
My main criticism is the massive exclusion list. The bank has aggressively restricted rewards on rent, utilities, education, and wallet loads. Essentially, large household bills will yield zero points, which limits the card's ability to be your sole financial tool. However, if you treat this strictly as a dedicated fuel and UPI pocket card, it completely justifies its place in your wallet.
Joining / Annual Fee
Joining Fees
₹530 ( ₹449 + GST )
Annual Fees
₹530 ( ₹449 + GST )
Understanding the cost of holding a credit card is vital for long-term savings. The Kotak IndianOil Pla...
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Understanding the cost of holding a credit card is vital for long-term savings. The Kotak IndianOil Pla...
Understanding the cost of holding a credit card is vital for long-term savings. The Kotak IndianOil Platinum Credit Card keeps its fee structure fairly reasonable for an entry-to-mid-level fuel card. The initial joining fee to get the card is Rs. 449 plus applicable taxes. Keep in mind that by spending Rs. 500 within the first 30 days, you earn a welcome bonus worth Rs. 200, which offsets a good portion of this initial cost.
From the second year onwards, you are charged an annual renewal fee of Rs. 449 plus taxes. However, the bank offers an easy way out of this charge. The annual fee is entirely waived if you spend Rs. 50,000 or more in the preceding anniversary year. Breaking that down, Rs. 50,000 a year is roughly Rs. 4,166 per month. If you use this card purely to buy Rs. 5,000 worth of fuel every month, you will effortlessly hit the waiver target and essentially hold the card for free in subsequent years.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 449 plus applicable GST. It is charged to your first billing statement.
Is there a welcome bonus to offset the joining fee?
Yes. If you spend Rs. 500 in the first 30 days, you get 1,000 Reward Points worth Rs. 200, offsetting nearly half the joining fee.
What is the annual or renewal fee?
The standard annual renewal fee is Rs. 449 plus GST, which applies from the second year of card membership.
Is there an annual fee waiver option?
Yes, the bank waives your Rs. 449 annual fee if you spend Rs. 50,000 or more during the previous anniversary year.
What is the spending requirement for the annual fee waiver?
You need to spend Rs. 50,000 in a year. For example, spending around Rs. 4,200 per month on groceries or fuel easily achieves this target.
What happens if I do not meet the fee waiver spending requirement?
If your yearly spends fall short of Rs. 50,000, the full Rs. 449 plus GST will be charged to your card on your anniversary month.
How can I get this card lifetime free?
You can secure this card as lifetime free during seasonal promotional offers or by consistently meeting the annual spend target of Rs. 50,000 to trigger the fee waiver.
Are cash withdrawals counted toward the fee waiver target?
Cash withdrawals, EMI conversions, and fuel surcharge amounts are excluded from the annual fee waiver milestone; only retail spends count toward the ₹50,000 target.
Eligibility
Age
Criteria*
18-60 years
Salary
Criteria*
N/ALPA
Credit
Rating*
720+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Getting approved for the Kotak IndianOil Platinum Credit Card requires meeting specific age, income, an...
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Getting approved for the Kotak IndianOil Platinum Credit Card requires meeting specific age, income, an...
Getting approved for the Kotak IndianOil Platinum Credit Card requires meeting specific age, income, and credit score benchmarks set by the bank. The bank accepts applications from both salaried employees and self-employed professionals, making it accessible to a wide audience.
The primary cardholder must be at least 18 years old. For salaried applicants, the maximum age limit is 60 years. If you are self-employed, the bank extends the maximum age limit to 65 years. The minimum monthly income requirement is Rs. 1,23,456. This is a highly specific figure, meaning your gross annual income should be roughly Rs. 14.8 lakhs to qualify comfortably. Additionally, the bank looks for a healthy credit history. A CRIF credit score of 720 or above is mandatory for both salaried and self-employed applicants. If your score falls below 720, the chances of your application getting rejected are high.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 18 years old to be considered eligible for this credit card.
What is the maximum age limit for the primary cardholder?
For salaried individuals, the maximum age limit is 60 years. For self-employed individuals, the maximum age limit is 65 years.
What is the minimum salary required for salaried applicants?
Salaried applicants need a minimum monthly income of Rs. 1,23,456 to meet the strict eligibility criteria for this specific card.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed individuals can apply as long as they meet the respective age, income, and credit score guidelines.
What credit score is needed for approval?
You need a minimum CRIF score of 720 to qualify. Having a score of 720 or above shows the bank you manage credit responsibly.
Will my application be rejected if my credit score is below 720?
Yes, a score below the 720 threshold usually leads to a decline. The bank requires a healthy credit history to approve the card limit.
Can I check my eligibility without affecting my credit score?
Yes, doing a basic eligibility check on financial platforms is a soft inquiry. Only the final submission to the bank results in a hard credit pull.
Do I need an existing relationship with the bank to apply?
A prior relationship with the bank is not mandatory for this card; however, having an existing savings account or loan often accelerates the approval process.
All Card Benefits
- 4% reward points on IndianOil fuel spends (capped at 1,200 points per statement cycle)
- 2% reward points on dining & grocery spends (capped at 800 points per statement cycle)
- 0.5% reward points on all other spends including UPI transactions (no cap)
- 1,000 welcome reward points on spending ₹500 within 30 days
- Annual fee waiver of ₹449 on spending ₹50,000 in an anniversary year
Welcome Benefits
Starting off with this card is simple and rewarding. When you make your first trans...
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Welcome Benefits Starting off with this card is simple and rewarding. When you make your first trans...
Welcome Benefits
Starting off with this card is simple and rewarding. When you make your first transaction of Rs. 500 or more within the first 30 days of getting the card, you receive a bonus of 1,000 Reward Points. Since 1 Reward Point is worth Rs. 0.20, this welcome bonus translates to Rs. 200 in real value. That essentially covers almost half of your Rs. 449 joining fee right from the start. Just keep in mind that the minimum transaction to activate the card itself is Rs. 100 within the first 30 days, or you lose eligibility for rewards entirely.
Fuel Benefits and Savings
This is where the card flexes its muscles. You get an overall 5% savings on fuel at IndianOil outlets. This breaks down into 4% savings via Reward Points and a 1% fuel surcharge waiver. You earn 24 Reward Points for every Rs. 150 spent on IndianOil fuel. The maximum you can earn is 1,200 points per statement cycle. For example, if you spend Rs. 7,500 on petrol in a month, you hit the cap and earn the maximum 1,200 points, which is worth Rs. 240. The 1% surcharge waiver applies to transactions between Rs. 100 and Rs. 5,000.
Dining and Grocery Benefits
Beyond the fuel pump, the card helps you save on food and household essentials. You save 2% back as Reward Points on your dining and grocery bills. The math works out to 12 Reward Points for every Rs. 150 you spend. This category is capped at 800 Reward Points per statement cycle. For example, if you spend Rs. 10,000 combined on eating out and buying groceries from eligible supermarkets, you will reach the 800-point limit, earning you Rs. 160 in value back for that month.
UPI and Other Spends
Because this card is on the RuPay network, you can link it directly to UPI apps like GPay, PhonePe, or Paytm. When you make a UPI transaction using this credit card, you earn 0.5% back as Reward Points, which is 3 points for every Rs. 150 spent. The same 0.5% base reward rate applies to all your other general retail purchases outside of fuel, dining, and groceries. If you scan a QR code at a local pharmacy and pay Rs. 1,500 using your linked card on UPI, you will earn 30 Reward Points.
Reward Points Structure
Understanding the point system is crucial to getting the best value out of this card. The core currency is Reward Points, and the conversion rate is fixed at 1 Reward Point equal to Rs. 0.20. The earning speed changes drastically based on where you swipe. You get 24 points per Rs. 150 on IndianOil fuel, 12 points per Rs. 150 on dining and groceries, and 3 points per Rs. 150 on everything else including UPI. A large group of transactions, including rent, wallet loads, and utilities, are completely excluded from earning any points.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must make a single transaction of Rs. 500 or above within 30 days of your card issuance. Once you do this, you qualify for the 1,000 bonus Reward Points.
What is the monetary value of the welcome benefit?
The 1,000 Reward Points are worth Rs. 200, as the redemption value is Rs. 0.20 per point. You can use these points later for fuel or cashback.
What happens if I do not spend Rs. 500 in the first 30 days?
If you fail to meet the Rs. 500 spending condition within the 30-day window, you will miss out on the 1,000 welcome Reward Points.
Do I need to activate the card to keep my rewards active?
Yes. You must make a minimum transaction of at least Rs. 100 within 30 days of issuance to keep your overall rewards eligibility active, as per bank rules.
How much value back do I get on fuel?
You get a total of 5% savings on IndianOil fuel. This includes 4% back as Reward Points and a 1% fuel surcharge waiver on eligible transactions.
What is the maximum reward I can earn on fuel per month?
You can earn up to 1,200 Reward Points on fuel per statement cycle. These 1,200 points are worth Rs. 240 in real redemption value.
Does the surcharge waiver apply to all fuel amounts?
No, the 1% fuel surcharge waiver only applies when you swipe your card for amounts between Rs. 100 and Rs. 5,000 at IndianOil stations.
Will I get 5% savings at Bharat Petroleum or HP pumps?
No, the accelerated 4% Reward Points and specific fuel perks are valid exclusively at IndianOil Corporation Limited (IOCL) fuel stations.
How many points do I earn on grocery shopping?
You earn 12 Reward Points per Rs. 150 spent on select grocery categories, giving you a 2% return on your spending.
Is there a limit on how many dining points I can earn?
Yes, the bank caps your grocery and dining earnings at 800 Reward Points per statement cycle. Those 800 points are worth Rs. 160.
Do all grocery stores qualify for the 2% reward rate?
The 2% back is valid on select grocery Merchant Category Codes (MCCs). If the local shop uses a generic billing code, it might only earn the base reward rate.
If I spend Rs. 5,000 on dining, what are my rewards?
For a Rs. 5,000 dining spend, you earn 12 points for every Rs. 150. That calculates to roughly 400 Reward Points, worth Rs. 80.
Can I use this card for UPI payments?
Yes, since it is a RuPay credit card, you can link it to standard UPI applications and scan merchant QR codes to make payments directly from your credit limit.
What reward rate do I get on UPI transactions?
You earn 0.5% back on UPI transactions across spend categories, meaning you get 3 Reward Points for every Rs. 150 you pay via UPI.
How much do I earn on general shopping like clothes or electronics?
For general retail categories, the card offers a base rate of 0.5% back. You get 3 Reward Points for every Rs. 150 you spend.
Is there a monthly cap on UPI reward points?
Daily UPI transaction limits typically range from ₹25,000 to ₹1,00,000 depending on your account history, though general base reward points typically do not have a hard monthly cap.
What is the standard base reward rate on this card?
The standard base earning is 3 Reward Points for every Rs. 150 spent, which equals a 0.5% effective reward rate on general purchases.
What is the value of 1 reward point in rupees?
Each reward point holds a value of Rs. 0.20. This means you need 5 points to equal 1 Rupee in value.
Do I earn points on utility bill payments?
No, utility bill payments are part of the bank's exclusion list and will not earn any Reward Points.
Which transactions are excluded from earning reward points?
Transactions like rent, insurance, wallet top-ups, school fees, government payments, and railway bookings are excluded from earning rewards.
Do I earn points on EMI transactions?
No, if you convert a large purchase into equated monthly installments (EMIs), you will not earn any Reward Points for that transaction.
Do I earn points on fuel purchases at non-IndianOil pumps?
Base fuel transactions at other brands are excluded from standard rewards. You only get the accelerated 4% benefit at IndianOil stations.
Do I earn points when paying rent?
No, rent payments are specifically excluded from earning any Reward Points. You will also pay a 1% fee on the rent transaction.
What redemption options are available?
You can redeem your points for cashback, merchandise, fuel, gift vouchers, mobile recharges, or IndianOil XTRAREWARDS through the bank portal.
How do I maximize my reward points?
Focus your card usage on IndianOil fuel up to Rs. 7,500 a month, and grocery/dining up to Rs. 10,000 a month to hit your highest-earning caps.
Are there any bonus reward points for annual spending milestones?
This specific card does not offer milestone bonus points based on total annual spending; it focuses instead on an annual fee waiver.
Do my reward points expire?
Reward points on Kotak credit cards remain valid for 2 years from the date of accrual, after which they expire if unredeemed.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 RP = ₹0.20
Redemption Options
- Cashback
- Merchandise
- Fuel
- Vouchers
- Mobile recharge
- IndianOil XTRAREWARDS
To check redemption catalogue
Earning points is only half the battle; knowing how to cash them out properly maximizes your savings. T...
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Earning points is only half the battle; knowing how to cash them out properly maximizes your savings. T...
Earning points is only half the battle; knowing how to cash them out properly maximizes your savings. The Kotak IndianOil Platinum Credit Card offers multiple avenues for redemption. The primary value of 1 Reward Point is Rs. 0.20. You have access to a dedicated portal at https://www.kotakrewards.com where all redemptions take place.
The bank gives you the flexibility to convert points into direct cashback, use them to buy merchandise, pay for fuel, get brand vouchers, do mobile recharges, or transfer them to IndianOil XTRAREWARDS. There is zero fee charged when redeeming your points, which means your hard-earned value remains untouched. For example, if you accumulate 5,000 Reward Points over a few months, you log into the portal and redeem them for Rs. 1,000 worth of cashback against your credit card bill or pick up a Rs. 1,000 shopping voucher.
View FAQ
Commonly Asked Questions
What can I redeem my reward points for?
You can redeem points for cashback, fuel, shopping merchandise, digital vouchers, mobile recharges, and IndianOil XTRAREWARDS.
Where do I go to redeem my points?
You need to log into the dedicated rewards website at https://www.kotakrewards.com to view your balance and initiate redemption.
What is the value I get when I redeem reward points?
The conversion rate is 1 Reward Point equal to Rs. 0.20. For instance, redeeming 10,000 points gives you exactly Rs. 2,000 in value.
Is there a fee for redeeming my rewards or cashback?
No fee is charged when redeeming reward points on this card. You get the full value of your points without any hidden processing charges.
Is cashback credited automatically to my statement?
Cashback is not credited automatically; you must log into the rewards portal and manually select the 'Cashback' option to credit the amount to your outstanding statement balance.
Is there a minimum point balance needed before I can redeem?
You can begin redeeming rewards once you accumulate a minimum balance of 500 points, ensuring you can access your benefits regularly.
How long does it take for redeemed vouchers to arrive?
Digital e-vouchers are usually sent to your registered email and mobile number instantly or within 24 hours of redemption.
What happens to my unredeemed points if I close the card?
Unredeemed points are forfeited when you cancel the card. Always redeem your points for vouchers or cashback before initiating a closure request.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Rent payment
Fuel
Insurance
EMI Transactions
Cash Withdrawals
Jewellery
School & Educational Services
Government related transactions
Wallet transactions
Load money
Fees
GST charges
All Reversals
Gambling
Tolls
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
For Spends Waiver
Rent payment
Fuel
Insurance
EMI Transactions
Cash Withdrawals
Jewellery
School & Educational Services
Government related transactions
Wallet transactions
Load money
Utility Bill Payments
Balance Transfer
Financial Charges
Credit card rewards do not apply to every single swipe. The bank enforces a strict exclusion policy to ...
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Credit card rewards do not apply to every single swipe. The bank enforces a strict exclusion policy to ...
Credit card rewards do not apply to every single swipe. The bank enforces a strict exclusion policy to prevent misuse. Knowing what does not earn points will save you from spending blindly and expecting a return. Transactions involving rent payments, base fuel (outside the targeted IndianOil offer), insurance premiums, EMI conversions, cash withdrawals, and jewelry purchases earn zero reward points.
Furthermore, you get no rewards for payments made toward school and educational services, government-related transactions, wallet load money, utility bill payments, and financial charges. For example, if you pay a Rs. 30,000 yearly premium for your term life insurance, or a Rs. 25,000 school fee for your child using this card, you earn exactly zero points. The card treats these as dead spends when it comes to rewards, though they still use up your credit limit.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Rent, insurance, EMIs, cash withdrawals, jewelry, educational fees, government payments, wallets, and utility bills are entirely excluded from rewards.
Does paying rent with this card earn reward points?
No, rent payments are excluded from rewards. Plus, a 1% surcharge fee applies when you use the card on rent payment platforms.
Are utility bill payments such as electricity excluded?
Yes, payments for utilities like electricity, water, and gas bills fall under the exclusion list and will not earn the base 0.5% reward points.
Do wallet top-ups earn rewards on this card?
No, loading money into digital wallets like Paytm, Amazon Pay, or MobiKwik is excluded and earns zero points.
Are education or school fee payments excluded from earning rewards?
Yes. Swiping your card to pay school, college, or other educational institution fees will not generate any reward points.
What happens if I make a payment in an excluded category?
The transaction processes successfully and deducts from your credit limit, but your statement will simply show zero reward points earned for that specific swipe.
Does the monthly reward cap apply to base points too?
The hard caps apply to specific categories: 1,200 points maximum on fuel and 800 points maximum on dining and groceries per statement cycle.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees 3.75% monthly interest (45% p.a.) is charged on unpaid outstanding amounts w.e.f. 1 June 2025. Credit cards give an interest-free period of up to ~45–55 days, but if you don’t pay at least the minimum amount due by the due date, interest is charged on the outstanding balance until it is cleared | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | Not Applicable |
Cash Payment Fees ₹100 is charged when you make your credit card bill payment in cash at the bank branch | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 – ₹100 | ₹0 |
| ₹101 – ₹500 | ₹100 |
| ₹501 – ₹5,000 | ₹500 |
| ₹5,001 – ₹10,000 | ₹600 |
| ₹10,001 – ₹25,000 | ₹800 |
| ₹25,001 – ₹50,000 | ₹1,000 |
| > ₹50,000 | ₹1,200 |
Before signing up, it is important to know the exact costs associated with managing, using, and sometim...
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Before signing up, it is important to know the exact costs associated with managing, using, and sometim...
Before signing up, it is important to know the exact costs associated with managing, using, and sometimes misusing the card. The Kotak IndianOil Platinum Credit Card has a fairly standard fee landscape, but penalties for late payments and specific transaction types can add up quickly if you are not careful.
The Joining Fee is a one-time charge of Rs. 449 plus taxes. This is billed in your first statement, but spending Rs. 500 in the first 30 days gives you 1,000 reward points (worth Rs. 200), effectively reducing the sting of this initial fee.
The Annual or Renewal Fee is Rs. 449 plus taxes, charged every year on your card anniversary. The annual fee is waived if you spend Rs. 50 thousand or more in a year on your card. For example, spending just Rs. 4,200 a month on groceries ensures you never pay this renewal fee.
The APR or Interest Rate is set at a 3.75% monthly fee, which roughly translates to 45% annually. Credit cards allow an interest-free period of 20-55 days. If you fail to pay the total due, the bank charges this interest on the unpaid amount and all fresh purchases. For example, if you roll over a balance of Rs. 10,000, you are hit with an interest charge of Rs. 375 for that month alone.
Late Payment Charges follow a slab structure. For an outstanding balance of Rs. 0 to Rs. 249, the fine is Rs. 250. For balances between Rs. 250 and Rs. 1200, the fine is Rs. 500. For anything Rs. 1201 and above, the fine jumps to Rs. 1,200. For example, if you miss paying a Rs. 3,000 bill entirely, you pay the maximum penalty of Rs. 1,200 plus the 3.75% interest charge.
A 3.5% forex markup is charged on transactions made in currencies other than INR. This applies to international POS swipes and online foreign currency purchases. For example, if you spend USD 100 online (approx Rs. 8,300), the bank adds a Rs. 290 forex fee to your statement.
An ATM Withdrawal Fee of 2.5% of the withdrawn amount is charged on cash advances, with a minimum fee of Rs. 500. If you withdraw Rs. 10,000 from an ATM in an emergency, you pay a Rs. 500 fee upfront, plus the 3.75% monthly interest starts ticking immediately from day one.
A Rent Payment Fee of 1% of the transaction amount is charged on rent payments. For example, using an app to pay Rs. 20,000 in monthly rent will result in a flat Rs. 200 fee from the bank, aside from what the app charges you.
A Railway Surcharge of 1.80% for online transactions and 2.50% for other offline bookings is applied. If you buy a Rs. 2,000 train ticket online, expect an extra Rs. 36 surcharge added to your bill.
A Cash Payment Fee of Rs. 100 is charged when payments are made physically at branches or drop boxes. If you walk into a branch and hand over Rs. 5,000 in cash to clear your bill, Rs. 100 is deducted as a processing fee.
A Cheque Payment Fee of Rs. 100 is charged for payments made through cheque. It is always better to pay your bill digitally via NEFT or UPI to avoid this Rs. 100 penalty.
There is No Reward Redemption Fee applicable to this card. When you convert 10,000 points into Rs. 2,000 worth of vouchers, you receive the exact Rs. 2,000 value with zero processing deductions.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 449 + GST |
| Annual Fee | Rs. 449 + GST (Waived on Rs. 50,000 spend) |
| Interest Rate (APR) | 3.75% per month (approx 45% annually) |
| Late Payment Fine | Rs. 250 (up to Rs. 249) | Rs. 500 (up to Rs. 1200) | Rs. 1200 (Above Rs. 1201) |
| Forex Markup | 3.5% of transaction value |
| Cash Withdrawal | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | 1.8% online / 2.5% offline |
| Cash/Cheque Bill Payment | Rs. 100 per instance |
| Reward Redemption Fee | Not Applicable (Zero) |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 449 plus applicable GST, billed in your first statement.
What is the annual or renewal fee?
The annual renewal fee is Rs. 449 plus taxes, applicable from the second year onwards.
Is there an annual fee waiver based on spending?
Yes, the bank waives the Rs. 449 annual fee if you spend Rs. 50,000 or more in the previous anniversary year.
What is the interest rate if I do not pay my full balance?
The bank charges a heavy 3.75% monthly interest fee, which scales up to 45% annually, on all unpaid balances and new purchases.
What are the late payment charges?
Late fees depend on your balance: Rs. 250 for balances up to Rs. 249, Rs. 500 for balances up to Rs. 1200, and a flat Rs. 1,200 for anything higher.
Is the late payment fee different based on the outstanding amount?
Yes, as stated, missing a payment on a Rs. 100 bill costs Rs. 250, while missing a payment on a Rs. 5,000 bill costs Rs. 1,200.
What is the forex markup for international transactions?
A 3.5% forex markup fee applies. If you swipe your card for an equivalent of Rs. 10,000 abroad, you pay an extra Rs. 350.
Can I withdraw cash using my credit card?
Yes, but it is highly expensive. A 2.5% fee (minimum Rs. 500) is charged instantly, and the 3.75% monthly interest starts applying immediately from day one.
Are there fees for paying rent with this card?
Yes, the bank applies a flat 1% processing fee on the transaction amount when you use the card to pay rent.
Is there a fee for paying my bill in cash or cheque?
Yes, clearing your credit card bill using cash or depositing a cheque at a bank branch incurs a Rs. 100 processing fee per instance.
Are there charges for railway ticket bookings?
Yes, booking train tickets attracts a 1.80% surcharge for online transactions and a 2.50% surcharge for offline bookings.
Is there a fee to redeem my reward points?
No, there is absolutely zero redemption fee. You get to utilize 100% of the value of the points you have earned.
What happens if my payment cheque bounces?
A dishonored or bounced payment cheque attracts a flat penalty of ₹500 per instance, in addition to any applicable late payment fees.
Similar Cards
| Features |  IDFC FIRST Power Plus |  IndianOil Axis Premium |  Axis IOCL |  BOB HPCL ENERGIE |
|---|---|---|---|---|
| Annual Fee | 499 | 1000 | 500 | 499 |
| Welcome Benefits | ||||
| Best For | - | - | - | - |
| Offer | ||||
| Lounge Access |
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
Do I need a physical PAN card to apply?
Yes, a physical PAN card is strictly required to complete the Video KYC process successfully.
Can I use my passport as address proof?
Yes, valid documents like a Passport, Voter ID, or Aadhaar card are fully acceptable for address verification.
What if the address on my Aadhaar does not match my current residence?
If your Aadhaar address is outdated, you must provide a valid utility bill, registered rent agreement, or bank statement from the last 3 months as proof of your current residence.
Do self-employed individuals need to show business registration?
Yes, banks usually ask for GST registration or a Shop and Establishment certificate to prove business continuity.
Can I submit documents online?
Yes, the entire application process allows you to upload digital copies of your income and address proofs directly to the portal.
Do I need to sign the documents?
If you do an E-KYC via Aadhaar OTP, physical signatures are usually not required. For Video KYC, you sign on a blank paper during the call.
Who Should Get This Card?
The Daily Commuter: If you drive to work every day and cross an IndianOil station regularly, this card is a no-brainer. Spending Rs. 5,000 a month on petrol saves you Rs. 250 monthly, clearing the annual fee in two months.
The Digital Payer: If your phone is always out scanning QR codes at the local kirana, medical shop, or tea stall, the RuPay UPI feature turns those zero-reward cash payments into a steady stream of points.
Who should skip it? The Frequent Flyer. If you are looking for lounge access, travel air miles, or premium golf benefits, this card offers absolutely nothing in those categories. Look toward premium travel cards instead.
Credit Limit and What to Expect
Your approved credit limit determines how much you can spend in a single billing cycle. It is not a fixed number for all cardholders. The bank assigns this limit based on your monthly income of Rs. 1,23,456, your existing debt obligations, and your CRIF score of 720. If your credit profile is strong and you have no other major loans, you can expect a comfortable starting limit that easily accommodates your daily fuel and grocery needs.
View FAQ
Commonly Asked Questions
What credit limit will I get on this card?
The credit limit is decided purely at the bank's discretion. Since the income requirement is high, approved users typically receive a generous starting limit.
Can I increase my credit limit later?
Yes, if you use your card responsibly and pay bills on time for 6-12 months, the bank will likely offer an automatic limit enhancement.
Will a higher income guarantee a higher limit?
Not necessarily. While a Rs. 1.2 Lakh+ monthly income helps, the bank also looks at how much existing debt or other credit cards you hold.
Can I request a limit increase immediately after getting the card?
No, you generally need to wait at least 6 months to establish a good repayment history before the bank entertains a manual limit increase request.
Does the 5% fuel savings apply to my whole credit limit?
No, the maximum rewards you can earn on fuel are capped at 1,200 points per month, which happens when you spend around Rs. 7,500 on petrol.
What happens if I spend more than my credit limit?
Exceeding your credit limit results in an over-limit fee of 2.5% of the over-limit amount (minimum ₹500), and the transaction is declined if it significantly exceeds your available credit.
How to Apply?
Applying for the card is a straight-through digital process designed to save time. You can start the application on the official bank website or through verified financial portals. You will need to enter your PAN number, mobile number, and income details. Once your preliminary eligibility is confirmed, you proceed to the Video KYC step. Video KYC allows a bank agent to verify your identity over a smartphone camera, eliminating the need for a physical branch visit.
View FAQ
Commonly Asked Questions
Can I apply for this card online?
Yes, you can easily apply online via the bank's official website or through partner financial aggregators from your mobile or laptop.
What is Video KYC and is it mandatory?
Video KYC is an online video call where a bank official verifies your original PAN card. It is a mandatory, RBI-approved process for quick card issuance.
What do I need for a successful Video KYC call?
Keep your original physical PAN card handy, have a blank paper with a blue/black pen for a live signature, and ensure a stable internet connection.
How long does the approval process take?
Once your Video KYC is successfully completed and your documents are digitally verified, card approval usually takes 5 to 7 working days.
How can I track my application status?
You can track your real-time status on the bank's website using the application reference number generated when you submitted the form.
What happens if my Video KYC fails?
If the video call drops or fails due to network issues, the bank will usually send a representative to your address to complete physical KYC.
That’s the full story of this credit card
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Top Benefits
Top Benefits
Earn 4% Back as Reward Points on IndianOil fuel
spends at 24 Reward Points per ₹150, capped at 1,200 Reward Points per statement cycle with 1 Reward Point = ₹0.25
Get 1,000 Reward Points Worth ₹250
on spending ₹500 within 30 days of card issuance
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