Indian Oil Corporation and Kotak Mahindra Bank have announced their highly rewarding fuel credit card. This card is accessible on the Rupay network.

With a network of more than 34,000 gas stations across the world, IndianOil is the biggest oil marketing company. The cardholders can earn reward points while refueling their vehicles at any Indian Oil fuel station in the country. They can further redeem these reward points to get free fuel at IndianOil gas stations.

Kotak Mahindra Bank provides various financial services to corporate and retail customers in the fields of life insurance, personal finance, investment banking, and wealth management.

The fuel credit card was launched by the CEO of the National Payments Corporation of India, the President and Business Head of Kotal Mahindra Bank, and the Executive Director of Indian Oil.

The IndianOil Kotak credit card boosts digital transactions among Indian users by providing them with innovative payment solutions. The main aim to launch the IndianOil Kotak card is to encourage digital payment at Indian Oil gas stations and give a better experience to users across the country.

• The cardholders need to pay an annual fee of Rs. 449 plus taxes.
• As a welcome benefit, they will get 1000 reward points after spending at least Rs. 500 within 30 days of getting the card.
• While refueling your vehicle at any IndianOil gas station, earn 2% back as reward points. Enjoy a maximum benefit of Rs. 300 every month.
• Earn 2% back as reward points after spending on dining, groceries, and many other payments. Enjoy a maximum benefit of Rs. 200 every month.
• Enjoy an interest-free credit period for the first 48 days after issuing the card.
• Now, convert your big transactions into easy and smart EMIs.
• If a cardholder reports the loss of his card to the concerned bank promptly, he’ll not be liable for any fraudulent payments done with this card.