Cards / Kotak Mahindra

Kotak MahindraIndianOil Kotak Credit Card

IndianOil Kotak Credit Card Credit Card

Kotak Mahindra Bank · with IndianOil · Fuel

Reviewed by Chandan Kumar Dash

5% savings on fuel at IndianOil pumps; 2% back as reward points on grocery and dining.

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Joining fee

₹449

Annual fee

₹449

Waiver spend

₹50,000

Forex markup

3.5%

Fee waiver

Spend ₹50,000 in a card year and the next annual fee is waived.

That is about ₹4,167 a month.

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Offers on this card now

• Shopping
  Tata CLiQ

  12.5% instant discount on Tata CLiQ Fashion and Luxury

  Fashion: minimum ₹3,000, maximum discount ₹1,000, code TCFKOTAK. Luxury: minimum ₹7,500, maximum discount ₹2,500, code TCLKOTAK. Valid on select Kotak credit cards.

  Ends 30 NovBank's terms

See every bank on the card offers page. Checked 18 Oct from the bank's own pages; read the bank's terms before you pay.

How the app counts rewards

• 24 points per Rs 150 on IndianOil fuel (4% at catalogue value)
• 12 points per Rs 150 on dining and groceries
• 3 points per Rs 150 on utilities, up to Rs 50,000 spend a cycle
• 3 points per Rs 150 on insurance, up to Rs 70,000 spend a cycle
• 3 points per Rs 150 on other spends

No rewards on education, rent, wallet loads.

Points

Kotak Reward Points, worth about ₹0.2 each on the usual redemption. Expire after 2 years.

Work out what your points are worth

Checked against the bank's terms. Banks change terms often, so check the latest terms before applying.

Taken from the bank's page. Rules data version 2026.10.06-0001.

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