|Fee & other Parameters||IndianOil Kotak Credit Card|
|Joining Fee||INR 449/-|
|Annual Fees||INR 449/-|
|Condition for waiver of Annual Fees - First Year||INR 50,000 spends in the previous year|
|Interest Charges on outstanding Balances||3.5% (Annualized @ 42%)|
|Add On Card Fees||NIL|
|Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)||MAD can be 5% or 10% of TAD as decided by the Bank|
|ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per INR 10,000 or part thereof||INR 300/-|
|Late Payment Charges ("LPC")||Due as per last statement||LPC Charges|
|INR 100 - 500||INR 100|
|INR 500.01 - 5000||INR 500|
|INR 5000.01 - 10000||INR 500|
|INR 10000+||INR 700|
|Over Limit Charge||INR 500|
|Cheque Bounce Charges||INR 500|
|(As per Applicable Rate)|
|Foreign Currency Mark Up||3.5%|
|Fee for Cash payment at Bank||INR 100|
|Reissue/ Replacement Card (per issuance)||INR 100|
|Railway Booking Surcharge (1.8%/2.5% on transaction amount)||As Applicable|
|GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card.|
A fuel credit card is a credit card that is specifically designed to benefit customers when used at Fuel Pumps. These credit cards typically offer rewards and incentives for fuel purchases, such as Reward Points, Cashback, etc.
With a fuel credit card, you can use it to purchase petrol, diesel, etc. or other fuels at participating fuel stations. You can also use it for other spends like dining, groceries etc. depending on the features of the card.
Customers can Click Here to apply for IndianOil Kotak Credit Card.
This depends on usage and preference. If you frequently fuel your vehicle, you should consider a fuel card that helps you earn rewards every time your refuel your vehicle. This card helps save money on a category where spends pertain to a significant amount.
Depends on your spending patterns on fuel specifically. A fuel credit card can be a choice if you frequently purchase fuel and helps you earn significant rewards or discounts. Fuel credit cards offer higher rewards or discounts for fuel purchases than regular credit cards.
Joining benefit is applicable only on realization of Joining Fee. IndianOil Kotak Credit cardholders need to perform one transaction of INR 500 or above within 30 days of card issuance to be eligible for welcome benefit of 1000 Reward points. The benefit will be credited within 15 days of completing the transaction.