IndianOil Kotak Credit Card Review
The IndianOil Kotak Credit Card is a low-fee fuel card. It earns about 4% back at IndianOil outlets and 2% on groceries and dining, with a ₹449 fee waived on ₹50,000 annual spend.
Both accelerated categories are capped per billing cycle, so it suits moderate fuel spenders rather than heavy commuters.
- About 4% back at IndianOil
- About 2% on groceries and dining
- Low ₹449 fee, waived on ₹50,000
- 1,000 welcome points
- RuPay — works on UPI
- IndianOil rewards capped at 1,200 points a cycle (~₹7,500 of fuel)
- Grocery and dining capped at 800 points a cycle
- Grocery and dining must match specific merchant codes
- Fuel surcharge waiver capped at ₹100 a cycle
- Low 0.5% base rate
Fees and charges
| Item | Detail |
|---|---|
| Annual fee | ₹449, waived on ₹50,000 spend in the previous anniversary year |
| Fuel surcharge waiver | 1% on ₹100–₹5,000 at IndianOil, up to ₹100 a cycle |
Rewards: how the card earns
| Spend | Points per ₹150 | Cap per cycle | Value at ₹0.25 |
|---|---|---|---|
| IndianOil fuel | 24 | 1,200 | ~4% |
| Grocery and dining (eligible merchant codes) | 12 | 800 | ~2% |
| Other spends | 3 | — | ~0.5% |
What earns nothing
Grocery and dining accelerated points apply only at merchants coded as restaurants, fast food, bars, grocery stores, supermarkets and similar categories.
Other benefits
| Benefit | Detail |
|---|---|
| Welcome | 1,000 points on a single ₹500+ transaction within 30 days (if the joining fee was paid) |
| Fuel | 1% surcharge waiver at IndianOil, up to ₹100 a cycle |
| Network | RuPay, with UPI |
Eligibility
Issuer
Kotak Mahindra Bank
Network
RuPay
Fee
₹449 a year
Documents
PAN, Aadhaar, income proof
Who this card is for
- Good fit: drivers who spend ₹3,000–₹7,500 a month at IndianOil and also buy groceries and eat out.
- Skip if: you fill up mostly at HP or BPCL pumps, or spend more than ₹7,500 a month on fuel.
Alternatives worth comparing
Final verdict
One of the best low-fee fuel cards for moderate IndianOil users, with a useful 2% on groceries and dining. Heavy fuel users will hit the cap and should look at higher-tier fuel cards.
Frequently asked questions
How much do I earn at IndianOil?
24 points per ₹150, about 4% at ₹0.25 a point, up to 1,200 points per cycle.
What is the annual fee?
₹449, waived on ₹50,000 spend in the previous anniversary year.
Is there a welcome bonus?
1,000 points on a single ₹500+ transaction within 30 days, if the joining fee was paid.
Does it work on UPI?
Yes, the card is on RuPay.
What is the fuel surcharge waiver?
1% on ₹100–₹5,000 at IndianOil, up to ₹100 a cycle.
Last verified: October 2026, against Kotak Mahindra Bank’s IndianOil card features, fees and rewards pages. Card terms change often; confirm the current fees and reward rules on the issuer’s website before you apply. All fees are plus 18% GST.