IndianOil Kotak Credit Card

Kotak Mahindra Bank · Open to apply

A fuel co-brand card with a ₹449 fee waived at ₹50,000 of yearly spend: 4% back in points on IndianOil fuel (24 points per ₹150, up to 1,200 points a statement), 2% on groceries and dining (up to 800 points) and 0.5% elsewhere, plus a 1% fuel surcharge waiver at IndianOil pumps.

Annual fee
₹449 + GST a year
Joining fee
₹449 + GST
Fee waiver
Annual fee waived on ₹50,000 spend per card year
Base rate
0.5% back in points (3 points per ₹150) on all other spends: 3 Reward Points per ₹150 (about 0.4% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 4% back in points (24 points per ₹150) on IndianOil fuel, up to 1,200 points a statement: 24 Reward Points per ₹150 (about 3.2% at cash value)
  • 2% back in points (12 points per ₹150) on groceries and dining, up to 800 points a statement: 12 Reward Points per ₹150 (about 1.6% at cash value)

Earns nothing on

  • No points on education, wallet loads, rent, online skill-based gaming, EMI and cash advances

Where the sources disagree

  • add-on card fee: The product page offers a free add-on card; the KFS and the MITC fee row give NA. We enter ₹0.

Terms the calculator does not value

  • The MCC list (1 May 2025) says railway and toll spends (MCCs 4111, 4112, 4784) and the other restricted categories are excluded from "annual fee waiver" spends too; the MITC's fee row says only "retail spends", so the waiver is entered without exclusions.
  • An onboarding offer of up to ₹250 off the first IndianOil fuel purchase applied to cards approved from 12 Sep to 31 Oct 2025 only; it has ended.

Sources

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