CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
Kotak Mahindra Bank

IndianOil Kotak Credit Card

24
Ranked #140 of 170 in credit
creditRupayplatinum

Kotak-IndianOil co-branded fuel card offering a strong 5% total value-back at IndianOil outlets with a more generous reward ceiling than comparable HDFC/Axis fuel cards, plus modest dining/grocery rewards.

Score breakdown

Data completeness: 95% · Last verified: 09 Jul 2026

Reward value8/100 · weight 71%
≈ 0.39% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.6% score bonus — earns broadly without narrow category restrictions.
Fee efficiency96/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks6/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹449 + 18% GST
= ₹530 total
Annual fee
₹449 + 18% GST
= ₹530 / year total
Waiver: Waived on annual spend of Rs 50,000
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
fuelpoints1.00%(4 pts @ ₹0.25)₹7,500 / monthly24 RP/Rs 150 at IndianOil, capped 1,200 pts/cycle (~Rs 7,500 fuel spend); plus separate 1% surcharge waiver
groceriespoints0.75%(3 pts @ ₹0.25)——
dining_offlinepoints0.50%(2 pts @ ₹0.25)₹10,000 / monthly12 RP/Rs 150 dining/grocery, capped 800 pts/cycle
all_spendspoints0.25%(1 pts @ ₹0.25)——

Welcome offer

1,000 Reward Points on spending Rs 500+ within 30 days of card issuance

Milestone benefits

Pros

  • Strong 5% total value-back at IndianOil (4% reward points + 1% surcharge waiver), capped at a generous Rs 7,500/month fuel spend before hitting reward ceiling — better ceiling than HDFC/Axis IndianOil competitors per reviewer comparison
  • 2% on dining/grocery
  • 0.5% uncapped base rate incl. UPI
  • achievable Rs 50K annual fee waiver (~Rs 4,200/month)

Cons

  • Rewards restricted to IndianOil outlets specifically (not other fuel brands)
  • reward caps per statement cycle (1,200 pts fuel, 800 pts dining/grocery)
  • Rs 99 redemption fee
  • low value outside targeted categories

What's inside

More benefits

  • Fuel surcharge waiver

    1% waiver on eligible fuel transactions

    Cap ₹3,500 / yearly. Standard range

Insurance cover

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Eligibility

text
Age 18-60/65 (sources vary), Indian resident

Small print

Fuel surcharge:1% fuel surcharge waiver at IndianOil outlets on Rs 100-Rs 5,000 transactions, capped Rs 100/statement cycle