M16S / Kotak Mahindra Bank / IndianOil Kotak Credit Card
entry · cobrand, fuel
IndianOil Kotak Credit Card
The IndianOil Kotak Credit Card costs Rs 449 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.5% (3 points per Rs 150). Accelerated earn: 24 points per Rs 150 on fuel at IndianOil outlets; 12 per Rs 150 on grocery and dining. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 31 Oct 2026.
- Annual fee
- Rs 449+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- 0.5%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on kotak.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 449 |
|---|---|
| Annual fee | Rs 449 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | Rs 449 joining and annual; annual waived on Rs 50,000 retail spend in the anniversary year (KFS). |
Rewards
| Welcome benefitunverified | 1,000 reward points on Rs 500 spend within 30 days (aggregator) |
|---|---|
| Reward currency | Reward Points |
| Base earnunverified | 3 points per Rs 150 |
| Base returnunverified | 0.5% |
| Point valueunverified | Rs 0.25 per point on the Kotak catalogue; Rs 0.20 as cashback; 300 points = 250 IndianOil XTRAREWARDS points (aggregator) |
| Accelerated earnunverified | 24 points per Rs 150 on fuel at IndianOil outlets; 12 per Rs 150 on grocery and dining |
| Capsunverified | Fuel: 1,200 points a month; grocery and dining: 800 points a month (aggregator) |
| Spends that earn nothing | No rewards on education, wallet loads, rent or online skill-based gaming; per statement cycle, utility earns up to Rs 50,000, government up to Rs 40,000, insurance up to Rs 70,000 |
| Reward notes | Issuer listing states '5% fuel savings at IndianOil pumps' and '2% reward points on grocery and dining'. Earn rates, caps and point values are from Card Insider; the issuer product page did not load. base_return_pct = 3 points per Rs 150 x Rs 0.25. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 100-5,000 txns at IndianOil pumps only, cap Rs 100 per statement cycle |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | By outstanding balance: <=100 nil; 100-500 Rs 100; 500-1,000 Rs 500; 1,000-5,000 Rs 600; 5,000-10,000 Rs 750; 10,000-25,000 Rs 900; 25,000-50,000 Rs 1,100; >50,000 Rs 1,300 |
| Cash advance fee | 2.5% min Rs 500 |
| Eligibilityunverified | Age 18-65, Indian resident (aggregator) |
| Fine-print notes | No fuel-transaction surcharge on this card per MITC. Utility spend above Rs 35,000 a cycle costs 1%; rent 1%. |
Questions
- What is the annual fee of the IndianOil Kotak Credit Card?
- Rs 449 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- Does the IndianOil Kotak Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the IndianOil Kotak Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IndianOil Kotak Credit Card?
- No rewards on education, wallet loads, rent or online skill-based gaming; per statement cycle, utility earns up to Rs 50,000, government up to Rs 40,000, insurance up to Rs 70,000