First-year fee
₹449 to join.
Annual fee
₹449 a year.
₹449; waived on ₹50,000 retail spends in the anniversary yearWhat it gives back
3 Reward Points per ₹150 · everyday spends
How it compares
Compared with the cards we have read
Fees
Joining fee
₹449 to join.
Renewal fee
₹449 a year.₹449; waived on ₹50,000 retail spends in the anniversary year
Fee waiver rule
Annual fee of ₹449 waived on spending ₹50,000 in the previous anniversary year
Add-on card fee
Get a free Add-on card which will have all the benefits that you enjoy on your primary credit card.
Welcome offer
Welcome benefit
1000 Reward Points***as welcome benefit on spending ₹500# within 30 days of card issuance
Rewards
Reward rate
3 Reward Points per ₹150 · everyday spends3 Reward Points on every ₹150 spent on all other spends (0.5% back as Reward Points)
Fuel earning
24 Reward Points on every ₹150 spent on IndianOil fuel (4% back as Reward Points), capped at 1200 Reward Points per statement cycle.
Groceries earningReward earning on dining spends
12 Reward Points on every ₹150 spent on Grocery and Dining (2% back as Reward Points), capped at 800 Reward Points per statement cycle.
Reward exclusions
Save 4% as Reward Points on IndianOil Fuel Spends, capped at 1200 Reward Points per statement cycle: this feature is not applicable on UPI transactions. 2% back on Dining & Groceries is valid only on select merchant categories — 5812, 5814, 5813, 5411, 5311, 5399, 5422, 5451, 5499 & 5441
Reward caps
Save 4% as Reward Points on IndianOil Fuel Spends, capped at 1200 Reward Points per statement cycle; save 2% back as Reward Points on Grocery and Dining spends, capped at 800 Reward Points per statement cycle.
What one reward unit is worth
Redeem your accrued reward points at 25p/point against our exclusive catalogue of benefits; at 20p/point as cashback, minimum 2000 points required
Cashback redemption
Redeem your accrued reward points at 20p/point as cashback. Minimum 2000 points will be required to avail this redemption facility.
Catalogue redemption
Redeem your accrued reward points at 25p/point against our exclusive catalogue of benefits
Point expiry
Reward points if not redeemed will expire after 2 years from the date on which they are earned.
Card benefits
Concierge
You can avail personal concierge and assistance by calling 1800-26-78729 for the same. Applicable on Rupay Variant Only.
Minimum spend rules
Indian Oil Credit card: Points earned on transaction amounts in integer multiples of ₹150.
Also included
Fuel surcharge waiver
1% fuel surcharge waiver on transactions between ₹100 to ₹5000 with maximum surcharge waiver of ₹100 per statement cycle only at IndianOil outlets; this feature is not applicable on UPI transactions
Add-on card eligibility
Get a free Add-on card which will have all the benefits that you enjoy on your primary credit card; set the spend limit on your Add-on Card as you desire.
Charges
Forex markup
3.5% on foreign currency transactions.3.50% foreign currency transaction markup
Cash advance fee
2.5% of the advance amount (minimum ₹500)
Interest on unpaid balance
3.75% monthly (45.00% annualized)
Interest-free period
Up to 51 days depending on the Payment Due Date; not applicable if the Total Amount Due is not paid in full
Late payment fee
Outstanding Balance <= ₹100: ₹0, >₹100-₹500: ₹100, >₹500-₹1000: ₹500, >₹1000-₹5000: ₹600, >₹5,000-₹10,000: ₹750, >₹10,000-₹25,000: ₹900, >₹25,000-₹50,000: ₹1,100, >₹50,000: ₹1,300.
Eligibility
Minimum age
18 years (Kotak issues no card, primary or add-on, to anyone under 18)
Ways to redeem your points
How we know - 4 documents from Kotak Mahindra Bank, checked 8 Nov 2026
₹449 a year
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