Fees and Charges

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Fees and Charges

Fee & other Parameters	IndianOil Kotak Credit Card
Joining Fee	INR 449/-
Annual Fees	INR 449/-
Condition for waiver of Annual Fees - Condition for waiver of Annual Fees	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
	<₹100	0.0
	₹100 - ₹500	100.0
	₹501 - ₹5,000	500.0
	₹5,001 - ₹10,000	600.0
	₹10,001 - ₹25,000	800.0
	₹25,001 - ₹50,000	1000.0
	>₹50,000	1200.0
Over Limit Charge	INR 500
Cheque Bounce Charges	INR 500
Cheque Bounce Charges	(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
Railway Booking Surcharge (1.8%/2.5% on transaction amount)	As Applicable
Please Note:
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.

Waiver of fees for Credit Cards linked to Programme is subject to maintaining eligibility of respective Programme.

Programme refers to Kotak Bank and Group product propositions like Privy League Black / Privy League Platinum / Privy League Neon programme / Private Banking / Corporate Salary programme. For details on the programme eligibility and cards offered, please visit www.kotak.com

In case, programme eligibility is not met or if customer is degraded from higher variant programme to lower variant, customer will not be given programme linked fee waiver and will be required to pay Joining/Annual fees

Frequently Asked Questions

What is a fuel 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.

How to get Indian oil credit card?

Customers can Click Here to apply for IndianOil Kotak Credit Card.

Is it a good option to apply for fuel 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.

Is it better to use a fuel credit card or a normal credit card?

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.

How can I avail Joining Benefit against my IndianOil Kotak Credit Card?

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.

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