Card Image
IndianOil Kotak
Annual Fee
₹500
Rewards/₹100 ⓘ
₹0.25 - ₹1.00
Normalized to balance base rate with bonus categories
Interest Rate
42.00%
Credit Score
650+
At a Glance
Key Benefits
4X on fuel, 5% fuel surcharge waiver
Lounge Access
No lounge access
Eligibility
Income: Rs 2.4L+/year, CIBIL: 650+
Quick Details
Annual Fee
₹500
#113
Joining Fee
₹500
#112
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹0.25 - ₹1.00
#190
Reward Type Reward Points
Reward Currency Points
Min Credit Score
650+
#13
Min Monthly Income ₹20
Network VISA
Late Payment Fee ₹350
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.25 /₹100
Cat
Fuel
₹1.00 /₹100
Reward Calculator
₹
Allocate by Category100%
Your Rewards
Points Earned1,400
Cash Value₹350
Breakdown
Fuel1,200
Other Spends200
Total Value₹350
Quick amounts:
Insurance Coverage
Lost Card
₹0
Zero liability.
Quick Analysis
The Kotak Mahindra Bank IndianOil Kotak is a solid credit card option. With an annual fee of ₹500, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹500
- Annual fee waiver on spending ₹50000
- Extended interest-free period of 50 days
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
- High interest rate of 42.00% on revolving credit
Frequently Asked Questions
What fuel benefits does this offer?
4X reward points at IndianOil pumps plus 5% fuel surcharge waiver.
What is the annual fee?
Rs 500 annually, waived on Rs 50,000 spend.
Is this card good for fuel savings?
Yes, it offers the best fuel benefits among entry-level cards.
Can I use it at all fuel stations?
The card works everywhere but extra benefits are at IndianOil.
How to redeem reward points?
Points can be redeemed for fuel purchases or gift vouchers.
User Reviews
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