IndianOil Citi VISA Credit Card
Citi bank
Last updated: Feb 03, 2026
₹1,000
₹1,000
3.5%
8 visits/yr
Contents
IndianOil Citi VISA Credit Card is a co-branded fuel credit card for IndianOil (IOCL) users who want to reduce monthly petrol and diesel costs while earning rewards on everyday spends. It offers high value back on fuel at authorised IndianOil outlets, fuel surcharge waiver, grocery and online rewards, and access to Axis Bank’s dining and lifestyle ecosystem post-migration. This card is now being transitioned to the IndianOil Axis Bank Premium Credit Card, so new applicants apply through Axis Bank while existing Citi cardholders continue to enjoy upgraded fuel rewards, EDGE Miles and domestic airport lounge access.
Features of IndianOil Citi VISA Credit Card which makes it unique
Fuel-First Co-Branded Design
Built primarily for IOCL fuel savings with additional rewards on groceries and online shopping.
Lets frequent drivers and daily commuters earn high value back on fuel while still earning on other spends.
More focused on fuel than generic rewards cards in a similar fee range.
Direct Fuel Redemption
Redeem points directly for fuel at IndianOil outlets instead of dealing with vouchers or catalogues.
Reduces actual fuel bill in real time, making savings easy to understand.
Simpler than travel-only points or generic catalogue redemptions.
Axis Migration Upgrade
Existing IndianOil Citi cardholders get migrated to the IndianOil Axis Bank Premium Credit Card with enhanced EDGE Miles rewards and domestic lounge access.
Future-proofs the card with a stronger rewards engine and better travel benefits.
Advantage over static legacy fuel cards that have not been upgraded post-2023.
Rewards Structure of IndianOil Citi VISA Credit Card
Fuel At IndianOil Outlets
acceleratedFuel spends at authorised IndianOil (IOCL) outlets in India, billed between ₹400 and ₹4,000 per transaction.
Best suited for regular refuelling at IOCL pumps where points can be redeemed directly for free fuel.
Online Shopping
acceleratedOnline shopping transactions at eligible e-commerce merchants; rent, wallet loads and some utilities usually excluded.
Use the card on popular shopping sites to stack fuel rewards plus online spend points.
Groceries And Supermarkets
acceleratedSpends at grocery stores and large-format supermarkets as classified by the card network.
Useful for households who refuel and buy groceries on the same fuel rewards credit card.
Other Everyday Spends
baseAll other retail transactions excluding fuel at non-IndianOil outlets, rent, wallet loads, cash advances and restricted MCCs.
Good card to keep all fuel, small-ticket shopping and bill payments on one IOCL co-branded rewards platform.
Milestones of IndianOil Citi VISA Credit Card
Annual Fee Waiver Milestone
₹30,000 in a membership year : Full waiver of the next year’s annual fee of ₹1,000 + taxes.
Fees & Charges of IndianOil Citi VISA Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹1,000 |
| Annual Fee | ₹1,000 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,300 |
| Over Limit Fee | 3% |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Annual fee of ₹1,000 + taxes waived on spends of ₹30,000 or more in the previous membership year.
Fee Explanation Fees and charges follow Citi’s standard MITC grid: cash advance at 2.5% (min ₹500), overlimit fee at 2.5% of the overlimit amount (min ₹500), late payment fee from ₹600 to ₹1,300 depending on statement balance, and foreign currency markup of 3.5% of the transaction value.
Detailed Explanation of IndianOil Citi VISA Credit Card Fees
Joining Fee: ₹1,000 + taxes (one-time)
Charged in the first year as per bank sourcing offer; may be waived in limited campaigns.
Annual Fee: ₹1,000 + taxes (yearly)
Waived when you spend ₹30,000 or more in the previous membership year.
Cash Advance Fee: 2.5% of amount withdrawn (min ₹500) (per transaction)
Interest charges apply from the transaction date; no interest-free period on cash withdrawals.
Foreign Currency Markup: 3.5% of transaction value (transaction)
Charged on all international transactions over and above network forex rates.
Late Payment Fee: ₹0–₹1,300 (per statement)
Nil for statement balance up to ₹2,000; slabs up to a maximum of ₹1,300 based on total amount due.
Overlimit Fee: 2.5% of overlimit amount (min ₹500) (per statement)
Charged when total outstanding exceeds the assigned credit limit.
Reward Redemption Fee: ₹99 (per redemption)
Applicable when redeeming points on the bank’s rewards platform or partner portals.
Lounge Access Benefits with IndianOil Citi VISA Credit Card
domestic Lounges
silverVisits per year: 8
Guest access: No
Approx. 2 complimentary lounge visits per quarter at select Indian airports via Axis Bank lounge programme; only for primary cardholder and subject to network and bank T&Cs.
Insurance Coverage with IndianOil Citi VISA Credit Card
Lost Card Liability Protection
Up to card’s credit limit after reporting lossZero-liability protection on fraudulent transactions after the loss is reported to the bank, as per Citi / Axis Bank credit card policy; not a separate paid insurance plan.
Additional Features of IndianOil Citi VISA Credit Card
Contactless Payments
Tap-and-pay enabled for quick payments without swiping or inserting the card at NFC-enabled terminals.
Per-transaction contactless limits as per RBI and bank guidelines; higher amounts may require PIN.
Fuel Redemption At IndianOil Outlets
Redeem accumulated Turbo Points or equivalent EDGE Miles directly at authorised IndianOil petrol pumps for free fuel.
Redemption available only at participating IOCL outlets with authorised EDCs and subject to minimum points requirement.
EMI Conversion
Convert high-value purchases into EMIs using the bank’s merchant EMI or post-purchase EMI conversion facility.
Tenure and interest rate as per running EMI offers; processing fee may apply.
Axis Bank Dining And Lifestyle Ecosystem
Post Citi–Axis migration, cardholders enjoy Axis Bank offers such as Dining Delights and limited-period lifestyle deals.
Benefits and partners may change; available only after migration to Axis-managed backend.
Welcome Bonus with IndianOil Citi VISA Credit Card
Welcome Bonus: 250 Turbo Points
Bonus Conditions: Earn 250 Turbo Points on your first transaction made within 30 days of card issuance.
Application Process for IndianOil Citi VISA Credit Card
Processing Time
Typically 5–7 working days after successful verification.
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the Axis Bank credit card section online and look for the IndianOil Axis Bank Premium Credit Card, which is the migrated version of the IndianOil Citi credit card.
Check basic eligibility like age, income, city and occupation, then fill in personal, contact and income details along with PAN.
Upload KYC documents such as PAN, Aadhaar, address proof and income proof, and submit the application form.
Complete mobile OTP verification and, if required, video KYC or in-person verification.
Once approved, the card is processed, your account is created on the bank’s app, and the physical card is dispatched within a few working days.
Required Documents for IndianOil Citi VISA Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
IndianOil Citi VISA Credit Card Merchant Acceptance Network
Domestic Acceptance
Very wide acceptance across petrol pumps, supermarkets, restaurants, online merchants and other Visa-enabled terminals in India.
International Acceptance
Accepted globally on the Visa network at millions of merchants and ATMs.
Online Acceptance
Enabled for most major Indian and international e-commerce websites and in-app payments.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for IndianOil Citi VISA Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Resident Indian or NRI applicants only.
Income Requirements
Salaried Applicants
₹25,000
Minimum annual income
Self-Employed Applicants
₹25,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant must have a valid PAN, KYC-compliant address proof, and stable income as per bank policy.
How Approval Is Decided
- Minimum monthly income of around ₹25,000 or higher, subject to bank’s internal policy.
- Clean credit history with a preferred credit score of 700+ and good repayment record.
- Resident Indian or NRI profile within eligible locations and segments as defined by the bank.
Pros of IndianOil Citi VISA Credit Card
- High value back on fuel at authorised IndianOil outlets when you stay within eligible transaction and monthly caps.
- Annual fee can be easily waived with a modest ₹30,000 yearly spend, making it cost-effective for regular refuellers.
- Points never-expiry style rewards and direct fuel redemption make calculations easier for everyday users.
- Post-migration benefits include domestic lounge access and Axis Dining Delights offers for added lifestyle value.
Cons of IndianOil Citi VISA Credit Card
- Best benefits restricted to IndianOil pumps; little or no extra value on fuel at other oil companies.
- Reward structure and earn rates can be confusing during Citi–Axis migration, especially for existing cardholders.
- High revolving interest rate and steep late payment fees make it unsuitable for users who do not pay in full.
- Limited premium travel perks compared to higher-fee travel credit cards in the market.
Frequently Asked Questions about IndianOil Citi VISA Credit Card
Is there a joining or annual fee on the IndianOil Citi VISA Credit Card?
Yes. The card typically carries a joining fee and annual fee of around ₹1,000 + taxes. However, the annual fee is waived when you spend ₹30,000 or more in a membership year, making it effectively low-cost for regular fuel users.
How much can I save on fuel with the IndianOil Citi VISA Credit Card?
You can get up to 4% value back as reward points on fuel spends at authorised IndianOil outlets plus around 1% fuel surcharge waiver on eligible transactions. When you refuel regularly at IOCL pumps and redeem points for fuel, effective savings can reach roughly 4%–5% of your fuel bill within program caps.
Does the IndianOil Citi VISA Credit Card offer airport lounge access?
Yes, post Citi–Axis migration, this product is mapped to the IndianOil Axis Bank Premium Credit Card which provides around 2 complimentary domestic airport lounge visits per quarter at select Indian airports, subject to network and Axis Bank terms and conditions.
Who should apply for the IndianOil Citi VISA Credit Card?
This fuel credit card is ideal for car and bike owners, office commuters, sales professionals and families who refuel mainly at IndianOil outlets and have monthly fuel spends of at least ₹3,000–₹5,000, along with grocery and online shopping spends on the same card.
Is the IndianOil Citi VISA Credit Card still issued by Citibank?
Citibank’s India consumer business, including this card, has been acquired by Axis Bank. Existing IndianOil Citi cardholders are being migrated to the IndianOil Axis Bank Premium Credit Card, while new applicants now apply via Axis Bank, though the card may still be referred to as the IndianOil Citi credit card on many comparison websites.
Do I earn rewards on utilities, rent and wallet loads with this card?
Most utilities, rent payments and wallet loads either earn reduced or zero reward points and may attract additional fees depending on the category and payment channel. For maximising value, use the card mainly for IndianOil fuel, groceries, dining and regular online shopping instead of rent, wallets and heavy utility payments.
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