# IndianOil Kotak

Kotak Mahindra Bank · Visa. ₹449 fee · 3.5% forex · 3 RP/₹150 (about 0.5%) on other spends · UPI earns 0.5% on all categories.

✓ official · checked 10 July 2026 · Source: https://www.kotak.com/en/personal-banking/cards/credit-cards/indian-oil-credit-card.html

## How it earns (3)

- 3 RP/₹150 (about 0.5%) on other spends · UPI earns 0.5% on all categories · ✓ official · checked 10 July 2026
- 24 RP/₹150 (4%) IndianOil fuel, cap 1,200 RP/statement cycle · cap 1,200 points per statement cycle · ✓ official · checked 10 July 2026
- 12 RP/₹150 (2%) on grocery and dining, cap 800 RP/statement cycle · cap 800 points per statement cycle · ✓ official · checked 10 July 2026

## On gift vouchers

- ₹50 back on a ₹10,000 voucher bought direct. · 3 RP/₹150 (about 0.5%) on other spends · UPI earns 0.5% on all categories
- Vouchers for ACT Fibernet, Acko Insurance, Airtel (Thanks app), BYJU'S and 30 more brands: nothing.

Worked out on a ₹10,000 voucher with no deal running. Card data current to 21 October 2026.
Every card on vouchers: https://voucher.getbrief.cards/best-cards-for-vouchers

## What earns nothing (2)

- No RP on wallet loads, plus 1% fee above ₹10K/cycle · brand vouchers earn base (the issuer does not address them)
- No RP: utility, insurance, wallet, rent, govt, education, gaming · fuel is not excluded on this card

## Fees

- Annual fee: ₹449 + GST
  Waived at ₹50,000 spend per card year
- Forex markup: 3.5%
- DCC markup: Not published
- Earns: Kotak Reward Points (standard co-brand) · ₹0.25 a point at baseline

## Dated changes (0)


Every change, dated: https://getbrief.cards/changes

---

Fees are before GST. A rate that has aged says so. Brief is not a financial adviser and takes no fee from any bank for the order of this page.

All cards: https://getbrief.cards/cards
Canonical: https://getbrief.cards/cards/kotak-indianoil