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What are the fuel related benefits a cardholder can avail on IndianOil Kotak Bank Credit Card?

• Cardholder will save 4% back as Reward Points i.e. earn 24 points on every INR 150 spent, capped at 1200 Reward Points per statement cycle on IndianOil Fuel spends (1 Reward Point is equivalent to 25 paise)
• Cardholder will also get the benefit of 1% Fuel Surcharge waiver on transactions between INR 100 to INR 5000 with maximum surcharge waiver of INR 100 per statement only at IndianOil outlets

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What are the non-fuel related benefits a cardholder can avail on IndianOil Kotak Bank Credit Card?

• 1000 Reward points as welcome benefit on spending INR 500 within 30 days of card issuance (Valid on cards where joining fee is applicable)

• In addition to that, cardholder will also earn 2% back as Reward Points i.e. 12 points on every INR 150 spent, capped at 800 Reward Points per statement cycle on Grocery and Dining spends. Value of 1 Reward point is 25 paise (Please note 2% back on Dining & Groceries is valid only on select Merchant Category Codes - 5812, 5814, 5813, 5411, 5311, 5399, 5422, 5451, 5499 & 5441)
• Cardholder will get 0.5% back as Reward Points i.e. 3 points on every INR 150 spent on all other categories

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Are there any Annual charges on the IndianOil Kotak Bank Credit Card?

Cardholder will be charged with INR 449 as Joining fee & INR 449 as the Annual fee. Annual Fee will be waived off on spending INR 50,000 in the previous anniversary year.

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How can a Cardholder redeem the Kotak Reward Points earned on transactions?

Kotak Rewards

Introducing Kotak Rewards* - your new point redemption currency that simplifies managing Reward Points on your Kotak Credit Cards. Redeem your accrued reward points at 25p/point against our exclusive catalogue of benefits.
Choose from various categories like merchandise, e-vouchers of latest brands, movie vouchers, travel, mobile recharge and much more. Redeem Now T&C Apply.
*The portal is governed by a separate set of Terms & Conditions

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All about Concierge feature offered on IndianOil Kotak Credit Card.

Concierge feature on IndainOil Kotak Card is provided by NPCI (RUPAY). Follow the below links to know more about availing the service - 

https://www.rupay.co.in/PDF/rupay/Concierge-Service-TC.pdf

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What are the fees & charges applicable on IndianOil Kotak Bank Credit Card?

You can navigate to the cards fees & charges tab to view the fees and charges applicable. You will also find the same along with Terms & Conditions governing the card on our MITC page (/content/kotakcl/en/personal-banking/cards/credit-cards/mitc-and-ca.html ).

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What is a fuel credit card?

A fuel credit card is a credit card that is specifically designed to benefit customers when used at Fuel Pumps. These credit cards typically offer rewards and incentives for fuel purchases, such as Reward Points, Cashback, etc.

With a fuel credit card, you can use it to purchase petrol, diesel, etc. or other fuels at participating fuel stations. You can also use it for other spends like dining, groceries etc. depending on the features of the card.

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How to get Indian oil credit card?

Customers can Click Here to apply for IndianOil Kotak Credit Card.

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Is it a good option to apply for fuel credit card?

This depends on usage and preference. If you frequently fuel your vehicle, you should consider a fuel card that helps you earn rewards every time your refuel your vehicle. This card helps save money on a category where spends pertain to a significant amount.

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Is it better to use a fuel credit card or a normal credit card?

Depends on your spending patterns on fuel specifically. A fuel credit card can be a choice if you frequently purchase fuel and helps you earn significant rewards or discounts. Fuel credit cards offer higher rewards or discounts for fuel purchases than regular credit cards.

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How can I avail Joining Benefit against my IndianOil Kotak Credit Card?

Joining benefit is applicable only on realization of Joining Fee. IndianOil Kotak Credit cardholders need to perform one transaction of INR 500 or above within 30 days of card issuance to be eligible for welcome benefit of 1000 Reward points. The benefit will be credited within 3 months of completing the transaction.