IndianOil Kotak Credit Card: Everything You Need To Know About Features, Benefits, And How It Can Pump Up Your Savings

A credit card is more than a payment device in today’s fast-paced world. It s a key financial product that comes offers numerous benefits including cashback, rewards, exclusive discounts, etc. And then there is the IndianOil Kotak Credit Card which for frequent travelers, car owners, and fuel consumers is simply a boon. Whether you're at the pump, shopping online or dining out, this credit card is committed to meeting your different needs and earning you rewards and savings the whole way.

In this post, we review IndianOil Kotak Credit Card, provided by Kotak Mahindraand compare the card with other similar cards out there.

IndianOil Kotak Credit Card Review Table of Contents

This credit card, as the name suggests, has been launched by Kotak Bank in partnership with Indian Oil Corporation and is called “the Indian Oil Kotak Credit Card”.

The IndianOil Kotak Credit Card is offered by Kotak Mahindra Bank in conjunction with IndianOil, leading Indian oil and gas company. The co-branded credit card is specially curated for those who use fuel more often and want to save on fuel costs with host of other lifestyle and travel privileges.

Whichever kind of user you are, whether a daily commuter, an outdoor trip lover or just someone who loves to save money every time you make a fuel purchase, the IndianOil Kotak Credit Card is custom-designed for that type of user and brings in a host of rewards and benefits lined up for you.

Highlights of IndianOil Kotak Credit Card

Fuel Benefits

Since this credit card is primarily a fuel-focused offer, it offers generous rewards for fuel purchases. The card can earn you up to 20X reward points on fuel spends at IndianOil outlets. This means you’ll save extra 2% on every litre of fuel that you buy – this is an excellent card for anyone who drives a lot or has long commuting distances.

Reward Points System

20X Reward Points on spends at IndianOil outlets on all days.
x Reward Points on dining, groceries and utility bill payments.
One reward point for every dollar up to $1,000 spent using the card.

These points add up fast and cardholders can pool them to exchange for a variety of goodies including free fuel, free merchandise, gift vouchers and travel discounts.

Complimentary Insurance Coverage

Some of the insurance coverage offered by the IndianOil Kotak Credit Card is:

• Purchase Protection: Insures eligible items for damage or theft when purchased with the card.

• Cover for Fraud Liabilities: Wards off unauthorised or fraudulent transactions.

• Air Accidental Insurance: Provides compensation in the unfortunate event of air accident.

This makes the card a good option for those who crave peace of mind while making purchases or traveling.

Discounted Fuel Surcharge

A 1% fuel surcharge waiver (between ₹400 and ₹4,000) is also available on fuel purchases. This waives offers a fantastic way to save even more on your fuel purchases, particularly if your card is oftentimes used to fill up.

What do you gain with the IndianOil Kotak Credit Card?

Fuel Savings and Rewards

If you drive frequently or rely on fuel for your commute, this card is a serious game-changer. Collect 20X Reward Points on all spends at IndianOil petrol pumps across the country and get 4X Rewards on eating out and 2X Rewards on grocery 4 saving every time! Plus, with these points, you have the option of cashback when you spend on certain expenses, such as fuel.

Fuel's not exactly cheap, especially in a country like India where petrol and diesel prices seem to be only on the rise - but saving meters will do your wallet some good in regard to fuel. This credit card gets at that pain point, too, providing cardholders with some notable savings to help take the sting out.

Reward Points for Everyday Spending

In addition to fuel, the IndianOil Kotak Credit Card cardmembers earn rewards on dining, grocery as well as utility bill payments. If you eat out, pay for electricity, or purchase groceries with any frequency, the points will stack up before you know it, and you can use them to redeem some new choices. This is just one reason why this card is for people who are looking to get the most out of their everyday spending.

Easy Redemption of Rewards

The points from this card can be used toward a range of rewards to choose from. And you have the choice to use your points for free fuel, shopping vouchers, free merchandise, and savings on travel so there is a redemption for every type of member.

In addition, the entire redemption process has been made easy by Kotak Mahindra Bank. Your points can be easily redeemed online using Kotak's official website or mobile app, giving cardholders an easy way to manage and use up their points.

Complimentary Insurance Coverage

The IndianOil Kotak Credit Card comes with complimentary insurance cover for cardmembers at a cost. Whether shopping, travelling or using your card for everyday purchases, you can feel secure knowing you have insurance when you leave home.

Other features and benefits of IndianOil Kotak Credit Card

Besides the basic fuel* and reward points benefits, there are other great advantages of using the IndianOil Kotak Credit Card which no smart shopper should miss out on:

Global Acceptance

The card runs on the Visa network, so it can be used anywhere in the world. Whether you are going overseas or shopping online, you can pay for your purchases using your card with confidence anywhere in the world. This makes the card very flexible and convenient and it is more than just a fuel card.

Access to Kotak’s Digital Banking

Kotak Mahindra Bank’s solid digital banking capabilities provide a hassle-free way to manage your credit card. Users have instant access to their spending, ability to redeem rewards, pay off bills and manage card settings directly from the Kotak mobile app or the online banking portal. Being able to use these features in real-time means that cardholders are in control of their money, all the time.

Contactless Payments

The IndianOil Kotak Credit Card comes with contactless payment tech that enables cardholders to make quick and safe payments without punching in a PIN. This is great for grabbing a small purchase at a convenience store, or for refueling at a gas station, and coollers the use experience.

How IndianOil Kotak Credit Card Compares Against Other Fuel Credit Cards

The IndianOil Kotak Credit Card compares as the top among other fuel specific credit cards available in India, like HPCL SBI Credit Card and BPCL SBI Card, in some aspects for instance:

• More Reward Points on Fuel: Even though other fuel credit cards also extend rewards on fuel spends, IndianOil Kotak Credit Card offers 20X reward points, which is much higher than most of the competition.

• Wide-Ranging Reward Points Categories: Cardholders can earn 2X rewards on more than just fuel—it also offers 2X reward points on dining, groceries, and even utility bill payments, which makes it more well-rounded for those rewards-minded cardholders interested in rewards on regular spending.

• Exclusive Fuel Offers And Discounts: The fuel surcharge waiver, exclusive discounts on IndianOil purchases and annual savings up to ₹50,000 means that cardholders save not just on fuel.

Who can Apply for IndianOil Kotak Credit Card?

IndianOil Kotak Credit Card Eligibility

Before you apply for the IndianOil Kotak Credit Card, make sure you’re eligible;.

• Age: Between 21 to 60 (the applicants' ages should not exceed 60).

• Income: The bank sets an annual income of at least ₹3 lakh and above for salaried persons.

• Credit History: A strong credit score of 750 and up is usually necessary to be approved.

So if you meet these two points, you are likely to get approval for the IndianOil Kotak Credit Card.

Final Thoughts

Who should get IndianOil Kotak Credit Card?

Whether you travel frequently or just need to stretch your purchasing dollars, this credit card is the perfect blend of advantages, rewards and options.

With competitive rewards, fuel benefits, world class acceptance and excellent customer support, IndianOil Kotak Credit Card is one of the best options for people who want to earn and save while spending it out on their credit card.

If you’re looking to improve how you spend and earn fun rewards, the IndianOil Kotak Credit Card may be just the tool you need for your wallet.