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IndianOil Kotak Credit Card
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IndianOil Kotak Credit Card

Kotak Mahindra Bank

Joining Fee₹449Renewal Fee₹449Waived at ₹50,000 annual spend some spends excluded
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Last verified: 23 Sept 2026

Reward Program

Kotak Reward Points1 point = ₹0.25
CategoryEarn RateMonthly Cap

IndianOil fuel spends

4%₹1,200/monthly

Grocery and dining

2%₹800/monthly
All other spends0.5%No cap

Redemption fee: 0

🔁

Managed via Kotak Rewards portal, Kotak contact centre

Transfer partners

Kotak Rewards catalogue — 1 Reward Point = ₹0.25, which Kotak's own caps confirm arithmetically: it describes 1,200 Reward Points as ₹300 and 800 Reward Points as ₹200. Redeemed through Kotak Rewards.Cash value redemption — 1 Reward Point = ₹0.20, reduced from ₹0.25 with effect from 1 June 2025, with a 2,000-point minimum. The worse of the two channels.

Live Offers

20 active
Elivaas10% instant discount up to 50,000 on Kotak Cards. For Solitaire Credit Card/Wealth Infinit
10% offTill 7 Oct
MakeMyTripUp to 15% instant discount upto ₹20,000 on Kotak Mahindra Bank Select Credit Cards
15% offTill 31 Mar
The Bombay Sweet ShopFlat 30% off upto ₹15000 on any purchase on Kotak Solitaire Credit Card. Applicable on bot
30% offTill 30 Nov
District20% instant discount upto ₹10,000 at district via Kotak Solitaire Credit Card
20% offTill 31 Mar
BiginBoost sales and foster long-term customer relationships with Bigin, the simple yet powerfu
50% offTill 31 Mar
View all 42 offers

Benefits

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹100 and ₹5,000, capped at ₹100 per statement cycle, and ONLY at IndianOil outlets. The ₹100 monthly cap is the tightest in Kotak's range, but the ₹100 transaction floor is the lowest, so small fills qualify. Not applicable on UPI transactions. Kotak markets this alongside the 4% Reward Point rate as '5% savings on IndianOil fuel spends'.

₹250🎁

Welcome Benefit

1,000 Reward Points

Earned on a single transaction of ₹500 or more within 30 days of card issuance. Applicable only on the card with a joining fee.

Reward Calculator

Assumes the best-paying merchant everywhere, so read it as a ceiling rather than an average.

What this card is worth

Open a section and enter what you actually spend. Everything updates as you type.

Fees & Charges

Joining Fee₹449/yr
Renewal Fee₹449/yr
Fee WaiverSpend ₹50,000/year
Not all spends count
Forex Markup3.5%
Interest Rate45% p.a.
Cash Advance Fee2.5% of the advance amount, subject to a minimum of ₹500.
Reward Redemption Fee0

Spends That Don’t Count

Kotak leaves these categories out when totalling your spend. They still earn rewards where the card pays on them — they just do not move you toward the target below.

Excluded from the fee waiver

Toward the ₹50,000/year waiver

  • EducationCoaching, College fees, Online courses, School fees
  • Everything elseRent, Society maintenance, Tax and government fees, Wallet top-ups
  • Getting aroundFuel
  • InsuranceHealth, Motor, Other cover
  • SubscriptionsGaming
  • TravelForex card loads
  • UtilitiesBroadband, DTH or cable, Electricity, Mobile recharge, Piped gas, Water

Excluded from milestone spends

Toward the milestone targets above

  • EducationCoaching, College fees, Online courses, School fees
  • Everything elseRent, Society maintenance, Tax and government fees, Wallet top-ups
  • Getting aroundFuel
  • InsuranceHealth, Motor, Other cover
  • SubscriptionsGaming
  • TravelForex card loads
  • UtilitiesBroadband, DTH or cable, Electricity, Mobile recharge, Piped gas, Water

In the News

Priya Menon · 12d ago

IndianOil Kotak Credit Card Review 2026: 4% Back on IndianOil Fuel, 2% on Groceries and Dining, Fees

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