IndianOil Kotak Credit Card
Kotak Mahindra Bank
Last updated: Feb 03, 2026
₹449
₹449
3.5%
No lounge access
Contents
IndianOil Kotak Credit Card (RuPay) is a co-branded fuel credit card designed for everyday commuters who regularly refuel at IndianOil petrol pumps. You can save up to 5% on fuel spends at IndianOil outlets through reward points plus fuel surcharge waiver, and also earn extra rewards on grocery and dining transactions. The RuPay variant supports contactless Tap & Pay and can be linked to UPI apps, making it easy to pay at neighbourhood merchants. This is a good fit if a big portion of your monthly budget goes to fuel, groceries and local spends and you prefer maximising value-back instead of travel miles.
Features of IndianOil Kotak Credit Card which makes it unique
IndianOil Co-Branded Fuel Savings
Card is tightly aligned with IndianOil fuel outlets, giving higher rewards on IndianOil spends than on other fuel brands.
Helps frequent IndianOil users convert routine fuel bills into meaningful savings every month.
More focused on IndianOil fuel than generic fuel credit cards that spread benefits across all oil companies.
RuPay + UPI + Rewards Combo
Combines RuPay network acceptance with UPI card-linking and reward points accrual.
Lets you earn rewards even on UPI transactions where you would normally use a debit card or UPI directly.
Stronger UPI integration compared to many non-RuPay fuel credit cards.
Rewards Structure of IndianOil Kotak Credit Card
Fuel Spends at IndianOil
acceleratedFuel transactions at IndianOil outlets in India within eligible transaction ranges as defined by the bank.
Optimised for frequent refuelling at IndianOil petrol pumps; other fuel brands do not earn the accelerated rate.
Dining And Groceries
acceleratedDining and grocery spends at eligible merchants in India.
Useful for households that spend regularly on groceries and eating out in addition to fuel.
Other Retail Spends
baseAll other eligible retail transactions excluding fuel, rent, wallet loads and restricted categories.
Suitable for everyday card usage where you still earn base-level rewards outside fuel, dining and groceries.
UPI Transactions On RuPay Variant
baseUPI payments made after linking the RuPay credit card on supported UPI apps, excluding restricted MCCs.
Lets you earn reward points even on UPI spends when the RuPay credit card is used as the payment instrument.
Milestones of IndianOil Kotak Credit Card
Annual Fee Waiver Milestone
₹50,000 in the previous anniversary year : Annual fee of ₹449 reversed in the next year’s statement when criteria are met.
Fuel Saver Sweet Spot
Around ₹8,000–₹10,000 monthly on IndianOil fuel : Maximises the effective value back from fuel reward points and surcharge waiver under typical monthly caps.
Fees & Charges of IndianOil Kotak Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹449 |
| Annual Fee | ₹449 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,300 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Annual fee is waived when your retail spends in the previous anniversary year are at least ₹50,000.
Fee Explanation Most charges follow Kotak’s standard credit card GSFC: cash advances at 2.5% of the withdrawn amount (minimum ₹500), foreign currency transactions at 3.5% markup, late payment charges on a slab basis up to ₹1,300, and overlimit fee of ₹500 when the overlimit amount is at least ₹500. Exact slabs and GST are as per the latest General Schedule of Fees and Charges and may change over time.
Detailed Explanation of IndianOil Kotak Credit Card Fees
Joining Fee: 449 (one-time)
Charged in the first statement; non-refundable once levied.
Annual Fee: 449 (yearly)
Waived on retail spends of ₹50,000 or more in the previous anniversary year.
Finance Charges: up to 3.5% per month (monthly)
Applicable on revolving balances and cash advances as per the latest GSFC.
Cash Advance Fee: 2.5% (min ₹500) (transaction)
Charged on every ATM or over-the-counter cash withdrawal.
Foreign Currency Markup: 3.5% (transaction)
Applied on international transactions or transactions routed through foreign merchants.
Insurance Coverage with IndianOil Kotak Credit Card
Personal Accident Insurance
₹2,00,000Complimentary personal accident insurance benefit provided by NPCI on eligible RuPay credit cards, subject to NPCI’s terms, activation and transaction conditions.
Additional Features of IndianOil Kotak Credit Card
RuPay Contactless Payments
Tap & Pay enabled at contactless PoS terminals for faster small-ticket transactions.
Per-transaction and daily limits apply as per RBI and bank guidelines.
UPI Linking On RuPay
Link the RuPay credit card on supported UPI apps and pay directly from your credit limit.
Only RuPay variant is supported; certain merchant categories may be excluded from UPI-based credit card payments.
Add-on Cards
Option to issue add-on cards to eligible family members to share fuel and everyday rewards.
Add-on holder must be at least 18 years old; spends get clubbed with the primary card for limits and billing.
Welcome Bonus with IndianOil Kotak Credit Card
Welcome Bonus: 1,000 Reward Points
Bonus Conditions: Welcome benefit is applicable only after realisation of the joining fee. Make at least one transaction of ₹500 or more within 30 days of card issuance to qualify; bonus points are usually credited within three months of completing the transaction.
Application Process for IndianOil Kotak Credit Card
Processing Time
Typically 3–7 working days after successful verification and approval.
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Visit Kotak’s official website and go to the IndianOil Kotak Credit Card page.
Fill in the online application form with personal, contact and employment details.
Upload KYC and income documents or schedule a pickup, depending on your city.
Complete any additional verification or video KYC steps requested by the bank.
On approval, the card details are generated and the physical card is dispatched to your address.
Required Documents for IndianOil Kotak Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self-employedAccepted documents:
IndianOil Kotak Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide acceptance at IndianOil petrol pumps and most RuPay-enabled PoS terminals and online merchants across India.
International Acceptance
RuPay international acceptance is available at partner networks, but may be more limited than Visa or Mastercard in some countries.
Online Acceptance
Supported at many Indian e-commerce websites and billers that accept RuPay credit cards.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for IndianOil Kotak Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Indian resident only
Income Requirements
Salaried Applicants
₹25,000
Minimum annual income
Self-Employed Applicants
₹42,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant should have a stable income profile, a good credit history, valid PAN and Aadhaar, and must meet Kotak’s internal underwriting norms. Income criteria are indicative and may vary by city, customer profile and bank policy.
How Approval Is Decided
- Applicant must be an Indian resident within the eligible age bracket.
- Should meet the bank’s minimum income and employment stability criteria.
- Should have a satisfactory credit score and repayment history.
- Final approval is at the sole discretion of Kotak Mahindra Bank based on internal risk policies.
Pros of IndianOil Kotak Credit Card
- High value back on IndianOil fuel spends for regular commuters.
- Additional savings on groceries and dining, making it an everyday spending card.
- Affordable annual fee that can be waived with moderate yearly spends.
- RuPay contactless and UPI support improve acceptance at small neighbourhood merchants.
Cons of IndianOil Kotak Credit Card
- Best benefits are restricted to IndianOil fuel stations; limited value if you use other fuel brands.
- Rewards and surcharge waivers come with monthly caps, which limit savings for very high spenders.
- No airport lounge access or premium travel perks, as the card is focused on fuel and daily spends.
Frequently Asked Questions about IndianOil Kotak Credit Card
What is the joining and annual fee for IndianOil Kotak Credit Card?
The card has a joining fee of ₹449 and an annual fee of ₹449, plus applicable taxes. The annual fee can be waived when your yearly retail spends reach ₹50,000 or more.
How do I get the 1,000 welcome reward points on this card?
After the joining fee is realised, you must complete at least one eligible transaction of ₹500 or more within 30 days of card issuance. The 1,000 bonus reward points are typically credited within three months, subject to the bank’s terms and conditions.
How much can I save on IndianOil fuel with this credit card?
On eligible fuel transactions at IndianOil outlets, you can get up to 4% value back as reward points plus a 1% fuel surcharge waiver, giving total savings of up to 5% subject to monthly capping and transaction limits specified by the bank.
Is there an annual fee waiver on IndianOil Kotak Credit Card?
Yes. If your total eligible retail spends in the previous anniversary year are at least ₹50,000, the annual fee of ₹449 is waived for the following year.
Does the RuPay variant support UPI payments?
Yes. The IndianOil Kotak Credit Card on the RuPay network can typically be linked to supported UPI apps. Once linked, you can make UPI payments using your credit card limit and still earn reward points on eligible spends, subject to category-level restrictions.
Is any insurance cover included with this credit card?
The RuPay variant comes with complimentary personal accident insurance of around ₹2 lakh, provided by NPCI under RuPay’s programme. Coverage, eligibility and claim process follow NPCI’s terms and may change over time.
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