FuelEntryRuPay✦ IndianOil Corporation Limited

IndianOil Fuel Credit Card

Fuel rewards without the premium price tag

Annual fee₹449Waived on ₹0.5L spend

Rewards0.50%Assumes 1 Reward Point = 25 paise (₹0.25) via the Kotak Rewards catalogue of benefits, the marketed primary redemption path ("Redeem your accrued reward points at 25p/point against our exclusive catalogue of benefits"). Cashback redemption is lower at 20p/point with a 2000-point minimum.

Forex markup3.5%

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Welcome benefits

worth ₹250

1000 Reward Points on spending ₹500 within 30 days

Type: Reward Points
Trigger: Spend ₹500 within 30 days

Rewards

Base earn rate

On all other spends, save 0.5% back as Reward Points. Earn 3 Reward Points on every ₹150 spent

Kotak Rewards

Category	Rate	Cap
Fuel	—	—
Dining	—	—
Grocery	—	—

• Minimum redemption: 2000 points

Fees & charges

Joining fee: ₹ 449
Annual / renewal fee: ₹ 449
Annual fee waiver: Annual fee of ₹449 waived on spending ₹50,000 in the previous anniversary year
Add-on card fee: Get a free Add-on card which will have all the benefits that you enjoy on your primary credit card
Interest rate: 3.75% per month (45% p.a.)
Interest-free period: 48 days
Cash advance fee: 2.5%, min ₹500
Overlimit fee: 0%, min ₹500
Payment dishonour: ₹500
Forex markup: 3.50%
DCC markup: 3.50%
Fuel surcharge: 1% waiver, on ₹100–₹5000 txns, max ₹100/cycle

Late payment

Outstanding amount	Late fee
₹0 – ₹100	₹0
₹101 – ₹500	₹100
₹501 – ₹1,000	₹500
₹1,001 – ₹5,000	₹600
₹5,001 – ₹10,000	₹750
₹10,001 – ₹25,000	₹900
₹25,001 – ₹50,000	₹1,100
Above ₹50,001	₹1,300

View official MITC →

Features

✓ UPI linkage✓ Concierge service

Additional features

All UPI on Credit Card transactions will accrue 0.5% Reward Points on every INR 150 spent, across spend categories

Is this card worth it for you?

Your monthly spend

₹10,000₹5,00,000

Fuel — 4% back

0% of spend100% of spend

Dining — 2% back

0% of spend100% of spend

Remaining 65% of spend earns the 0.5% base rate.

Rewards / year

₹7,500

≈ 1.25% effective

Annual fee

₹0 (waived)

waived at ₹50,000/yr spend

Net steady-state return

+₹7,500/year

Strong fit at this spend

At ₹50,000/month, rewards outrun the fee by ₹7,500 a year.

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One-time joining fee (year 1 only): ₹449

One-time welcome benefit: ~₹250 — 1000 Reward Points on spending INR 500 within 30 days of card issuance

Based on published rates as of 2026-08-07; assumes 1 Reward Point = 25 paise (₹0.25) via the Kotak Rewards catalogue of benefits, the marketed primary redemption path ("Redeem your accrued reward points at 25p/point against our exclusive catalogue of benefits"). Cashback redemption is lower at 20p/point with a 2000-point minimum.. Rewards estimates, not guarantees.