How do I waive the annual fee on Indian Oil Kotak Credit Card?

You can waive the annual fee of ₹449 + GST completely by spending just ₹50,000 or more in the preceding membership year.

What is the maximum fuel reward points limit per month on Indian Oil Kotak?

Fuel reward points are capped at 300 points per statement cycle, representing roughly ₹1,250 of fuel spending at IndianOil pumps.

Does Indian Oil Kotak Credit Card offer complimentary lounge access?

No. The Indian Oil Kotak Credit Card does not include complimentary airport lounge access.

What are the fuel surcharge waiver terms on Indian Oil Kotak?

Cardholders receive a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000, with a maximum waiver cap of ₹100 per billing cycle.

Indian Oil Kotak Credit Card Review (2026): Fees, Rewards, Lounge & Eligibility

Researched & Fact-Checked by CardSe Editorial Team · Verified: September 2026 against Bank Schedule of Charges (MITC) · CardSe Score: 4.3 / 5.0

The Indian Oil Kotak Credit Card is a leading fuel credit card issued by Kotak Mahindra Bank on the RuPay network. Tailored specifically for kotak mahindra bank customers seeking fuel savings and surcharge waivers at indianoil outlets. it features a joining fee structure of ₹449. In this comprehensive 2026 review, CardSe evaluates its fee waiver thresholds, category capping rules, airport lounge access qualification, and net reward yields to help you determine if this card earns a permanent spot in your wallet.

Key Benefits & Reward Structure

The reward structure of the Indian Oil Kotak Credit Card is structured around category-specific accelerators and spend thresholds:

Domestic Lounge Access: Offers None rewards.
Fuel Rewards: Offers 24 RP/Rs 150 (4%) rewards.
Other Rewards: Offers 12 RP/Rs 150 (2%) on Dining rewards.
Fuel Surcharge Waiver: Offers 1% rewards.
Reward Point Value / Cashback: Offers 1 RP = ₹0.25 rewards.

Important Parameters: 300 points monthly cap on fuel rewards (~₹1250 spend); ₹100/cycle surcharge waiver limit

Break-Even & Value Analysis

With an annual fee of ₹449 + GST, spending ₹11,250 on IndianOil fuel pumps per year at 4% reward rate generates ₹450 in value back, offsetting the annual fee. Spending ₹50,000 annually waives the fee completely.

Pros & Cons

Pros

4% value back on fuel purchases at IndianOil fuel stations.
1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000.
Very accessible annual fee waiver threshold of just ₹50,000 annual spend.
2% value back on dining and grocery shopping.

Watchouts & Cons

Fuel reward points are capped at 300 points per billing cycle (~₹1,250 monthly spend).
Fuel surcharge waiver is capped at ₹100 per billing cycle.
No airport lounge visits.

CardSe Verdict

The Indian Oil Kotak Credit Card is one of the easiest cards to keep fee-free thanks to its modest ₹50,000 spend waiver threshold, making it a great low-maintenance option for light commuters.

Editorial Independence & Affiliate Disclosure: All recommendations on CardSe are created independently by our research team. We do not accept sponsorship to promote specific cards. We may receive an affiliate commission from card networks or banks if you apply through links on our site, at no cost to you.

Detailed Card Parameters

Joining & Annual Fee	Rs 449 + GST
Welcome Benefit	1000 RP on Rs 500 spend
Annual Fee Waiver	Rs 50,000 spend
Domestic Lounge Access	None
Spends for Lounge	-
Fuel Rewards	24 RP/Rs 150 (4%)
Fuel Surcharge Waiver	1%
Other Rewards	12 RP/Rs 150 (2%) on Dining
Reward Point Value / Cashback	1 RP = ₹0.25
Notes	300 points monthly cap on fuel rewards (~₹1250 spend); ₹100/cycle surcharge waiver limit

Frequently Asked Questions

How do I waive the annual fee on Indian Oil Kotak Credit Card?: You can waive the annual fee of ₹449 + GST completely by spending just ₹50,000 or more in the preceding membership year.
What is the maximum fuel reward points limit per month on Indian Oil Kotak?: Fuel reward points are capped at 300 points per statement cycle, representing roughly ₹1,250 of fuel spending at IndianOil pumps.
Does Indian Oil Kotak Credit Card offer complimentary lounge access?: No. The Indian Oil Kotak Credit Card does not include complimentary airport lounge access.
What are the fuel surcharge waiver terms on Indian Oil Kotak?: Cardholders receive a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000, with a maximum waiver cap of ₹100 per billing cycle.