इंडियनऑयल कोटक क्रेडिट कार्ड
जारीकर्ता बैंक / संस्था: Kotak Mahindra Bank Ltd.
Fuel co-brand RuPay card offering 4% back as points at IndianOil petrol pumps, 2% on dining & grocery, and UPI QR payment support.
💳कार्ड विवरण एवं मुख्य लाभ (Card Overview & Benefits)
कार्ड का संक्षिप्त विवरण
IndianOil Kotak Credit Card is a fuel savings RuPay card developed for two-wheeler commuters and car owners refuelling at IndianOil (IOCL) stations. It offers 4% value back in reward points on fuel, 2% back on groceries and dining, a 1% surcharge waiver, and UPI scan-and-pay support.
1,000 Reward Points (worth ₹250) credited upon spending ₹500 within the first 30 days of card issuance.
No complimentary airport lounge access is included on this fuel card.
1% fuel surcharge waiver across all fuel stations in India on transaction amounts between ₹500 and ₹3,000 (maximum waiver of ₹100 per statement cycle).
Annual fee reversal on ₹50,000 annual spend. RuPay variant enables seamless QR code payment over UPI at petrol pumps.
📋पात्रता मानदंड एवं नियम (Eligibility & Requirements)
पात्रता की शर्तें
Salaried Indian individuals aged 21 to 65 with monthly salary exceeding ₹20,000. Self-employed individuals aged 21 to 65 with annual ITR exceeding ₹3,00,000.
न्यूनतम वार्षिक आय आवश्यकता
₹20,000/month (Salaried) / ₹3,00,000/year ITR (Self-Employed)
📂आवश्यक दस्तावेज (Required Documents)
1. PAN Card (statutory requirement) 2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID 3. Proof of Income: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Sheet 4. Passport-size photograph.
⚠️क्या कमी है / महत्वपूर्ण शुल्क चेतावनियां (Honest MITC Disclosures & Hidden Costs)
Fuel accelerated points are capped at 1,200 points per month (maximum spend ₹7,500/mo). Must be swiped on Kotak POS terminals at IOCL pumps. No airport lounge access.
🚀आवेदन के चरण (How to Apply)
Step 1: Visit kotak.com/cards or open Kotak Mobile app. Step 2: Enter PAN and mobile number for instant eligibility check. Step 3: Select IndianOil Kotak Credit Card (RuPay variant). Step 4: Enter employer details and monthly salary. Step 5: Complete online Video KYC session with bank official. Step 6: Card is approved and dispatched via courier within 3 to 5 business days.
❓अक्सर पूछे जाने वाले प्रश्न (FAQs)
What happens if I miss the minimum payment due on IndianOil Kotak Credit Card?
If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹500; ₹500 for ₹501–₹1,000; ₹600 for ₹1,001–₹5,000; ₹700 for ₹5,001–₹10,000; ₹800 for ₹10,001–₹25,000; ₹1,000 for ₹25,001–₹50,000; ₹1,200 for above ₹50,000 (+ GST).. In addition, revolving finance charges at 3.50% per month (42.00% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.
Can I convert transactions on IndianOil Kotak Credit Card into EMI?
Yes, Kotak Mahindra Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.
How do I track and redeem reward points or cashback on IndianOil Kotak Credit Card?
You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into Kotak Mahindra Bank Ltd.'s official mobile banking application or web portal. 1 Reward Point = ₹0.25 against fuel vouchers or statement credit. Please note: Reward points expire 2 years (24 months) from the date of accrual.
What is the interest-free grace period on IndianOil Kotak Credit Card and how does it work?
The interest-free period on IndianOil Kotak Credit Card is Up to 48 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.50% per month (42.00% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.