Affordable Fuel Savings — 4% Back on IndianOil Petrol, 2% on Grocery & Dining with ₹50k Fee Waiver
Daily city commuters, two-wheeler owners, and budget-conscious car drivers spending ₹3,000 to ₹7,500 monthly on fuel who want low annual fees and easy waivers.
₹449
One-time upfront₹449
Waived on ₹50,000 annual spend3 Reward Points per Rs 150 on retail spends (0.5% value back)
On eligible spends3.50% + GST
Cross-currency spendsLast verified 17 Sept 2026
Objective editorial assessment, ideal spender profile, and primary trade-offs
The IndianOil Kotak Credit Card is Kotak Mahindra Bank's entry-level co-branded fuel solution, engineered for budget-conscious car and two-wheeler owners seeking guaranteed fuel savings without high card maintenance costs. With a pocket-friendly **annual fee of ₹449 + GST**, the card lowers the barrier to entry significantly compared to mid-tier fuel cards, and offers an easily achievable **spend-based fee waiver at just ₹50,000 annual retail spending**. Cardholders earn **24 Reward Points per ₹100 spent on fuel purchases at IndianOil outlets** (where 1 Reward Point = ₹0.25 on fuel redemption, delivering a solid 4.0% effective value back). Combined with the standard 1% fuel surcharge waiver (on transactions between ₹100 and ₹4,000, capped at ₹100 per statement cycle), cardholders capture **5.0% total fuel savings**. The monthly accelerated fuel reward is capped at 1,200 Reward Points (₹300 in value back), perfectly sized for monthly fuel spends up to ₹7,500. Beyond fuel, the card rewards everyday living by delivering **12 Reward Points per ₹100 on dining and grocery shopping** (a 2.0% return, capped at 800 points/₹200 monthly) and 3 Reward Points per ₹100 on general retail spends (0.5% return). Welcome perks include **1,000 Reward Points (worth ₹250)** upon spending ₹500 within the first 30 days. While it lacks airport lounge privileges, its low fee, everyday grocery booster, and accessible ₹50,000 waiver make it one of India's most practical starter fuel cards.
Get 24 Reward Points on every Rs. 150 spent on fuel. Get 12 Reward Points on every Rs. 150 spent on grocery and dining. Get 3 Reward Points on every Rs. 150 spent on other transactions.
Get 1000 Reward Points on spending Rs. 500 or more within 30 days of getting the card
Base earning rates, partner merchant acceleration, redemption options, and exclusions
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| IndianOil Fuel Purchases | 24 Reward Points per Rs 150 spent at IndianOil outlets (4% value back) | 1,200 Reward Points / statement cycle | Standard terms apply |
| Grocery & Dining Spends | 12 Reward Points per Rs 150 spent on grocery and dining (2% value back) | 800 Reward Points / statement cycle | Standard terms apply |
| All Other Retail Spends | 3 Reward Points per Rs 150 spent on other retail categories | No Cap | Standard terms apply |
Calculate estimated net cashback and points across your actual spending pattern.
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| IndianOil Fuel Purchases | ₹6,000 | 24 Reward Points per Rs 150 spent at IndianOil outlets (4% value back) | — | ₹1,200/statement_cycle | Calculating... | Under cap |
| Grocery & Dining Spends | ₹6,000 | 12 Reward Points per Rs 150 spent on grocery and dining (2% value back) | — | ₹800/statement_cycle | Calculating... | Under cap |
| All Other Retail Spends | ₹18,000 | 3 Reward Points per Rs 150 spent on other retail categories | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
₹3.6 lakh
12 billing cycles₹0
0% blended return-₹449
Standard renewal+₹0 / yr
Rewards - FeeBonus vouchers and annual fee waiver milestones unlocked as your total spend increases
Spend Rs 50,000 in anniversary year to waive the Rs 449 annual renewal fee.
*Milestone spend calculation is tracked across eligible retail purchases within each specified billing or calendar period. Excludes cash advances, wallet loads, and EMI conversions.
Domestic and international lounge privileges, spend hurdles, and participating terminals
This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
• Joining Fee: ₹449 + GST (Welcome benefit of 1,000 Reward Points worth ₹250 upon spending ₹500 within 30 days). • Annual Renewal Fee: ₹449 + GST. • Spend-Based Fee Waiver: Annual fee waived on spending ₹50,000 on retail purchases in the preceding calendar year. • Fuel Value Back: 24 Reward Points per ₹100 spent at IndianOil fuel stations (4.0% return; 1 Reward Point = ₹0.25), capped at 1,200 points (₹300) per billing cycle. • Fuel Surcharge Waiver: 1% waiver on fuel purchases between ₹100 and ₹4,000 across all pumps in India (maximum ₹100 per billing cycle). • Dining & Grocery Rewards: 12 Reward Points per ₹100 spent (2.0% return), capped at 800 points (₹200) per billing cycle. • Base Rewards: 3 Reward Points per ₹100 spent on all other retail transactions (0.5% return). • Point Valuation: 1 Reward Point = ₹0.25 when redeemed for fuel at IndianOil or against the Kotak rewards catalog. • Airport Lounge Access: None (complimentary domestic or international lounge visits not included). • Finance Charges (APR): 3.50% per month (42.00% annualized) on unpaid revolving balances.
Evaluate whether this card's perks and waiver threshold justify its ₹449 renewal fee.
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Common questions regarding IndianOil Kotak Credit Card application, fees, reward redemption, and eligibility
Alternative credit cards with comparable reward rates, annual fee waivers, and perks
Direct online application on the official Kotak Mahindra Bank portal with paperless verification.
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