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IndianOil Citi Bank Credit Card
★★★☆★(3.7)You could save a lot if you're happy to fuel your vehicle with Indian Oil petrol pumps! All you need for it is the Citibank Indian Oil Credit Card! It comes with a joining and annual fee of ₹1,000 and offers a reward return rate of 2.6% on fueling your vehicles at IndianOil stations, 1.3% on groceries and supermarkets and other spends. The best part? The reward points earned on this card are redeemable against fuel and several other categories, including shopping, gift vouchers, AirMiles, cashback, etc. Keep reading to learn more about the card, its features and benefits, associated fees, and more. 👇
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
₹1,000Annual Fee
waivedAnnual Percentage Rate
45%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
2.50%Cash Advance Limit
40%Card Replacement Fee
NilForeign Transaction Fee
3.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹1Pros
Aspects that make this credit card amazing.
- ⮚The card offers a 1% Fuel Surcharge Reversal.
- ⮚Rewards points never expire and are valid lifetime.
- ⮚It comes with 24/7 concierge service.
- ⮚It allows users to convert big spends into EMI.
- ⮚No fee levied on reward points redemption.
Cons
Aspects this credit card lacks.
- ⮚No complimentary access to airport lounges.
- ⮚Minimum 250 pts. are required for redemption against fuel.
- ⮚For redemption against Air Miles/Inter Miles, min. 100 pts. are necessary.
- ⮚At least 10,000 pts. are needed to convert points into Cashbacks.
IndianOil Citi Bank Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
IndianOil Citi Credit Card provides a variety of services to cardholders. One such benefit is savings/cashback in the form of reward points across spending on several categories like fuel, groceries, shopping, and dining. Other than this, some user-friendly benefits like Concierge service and EMI Conversions are also offered. But whereas other credit cards in a similar category offer free access to airport lounges, this card fails to provide so. Moreover, there is a mandatory minimum requirement of reward points to be redeemed against fuel, cashback, and Airmiles.
Overview
| Best for | Fuel & Rewards |
|---|---|
| Joining Fee | Nil |
| Annual Fee | ₹1,000 + Applicable Taxes |
| Welcome Benefits | 250 Reward points |
| Card Type | Platinum |
| Card Network | Visa/Mastercard |
IndianOil Citi Bank Credit Card Maximum Cashback
| Categories/Merchants | Reward Points (per ₹150 spent) |
|---|---|
| Indian Oil Outlets | 4 pts. |
| Groceries & Supermarkets | 2 pts. |
| Other Spends | 1 pt. |
Who should get an IndianOil Citi Bank Credit Card?
IndianOil Citi Credit Card is best suited for individuals who travel regularly and wish to earn rewards for their travel and everyday expenses. The card offers some noteworthy travel benefits, such as assistance with travel plans and itineraries. This card is an ideal choice for people who spend significantly in these categories.
In general, IndianOil Citi Credit Card charges a low annual fee and offers exceptional perks; if you're looking for such benefits, this card can be ideal for you.
How to Apply for an IndianOil Citi Bank Credit Card?
1. Apply for an IndianOil Citi Bank Credit Card Online
- The IndianOil Citi Credit Card application is available online as well as offline. To apply offline, simply visit the nearest branch with all the required documents and fill in the physical application form. And for an online method, follow the steps as mentioned below:
- Step 1: Visit the CitiBank Website and click on “Credit Card” and then 'Indian Oil Card'.
- Step 2: If you are an existing Citi Bank customer, log in to your account and fill out the credit card application form. If you are not a Citi Bank customer, click "No" when prompted and follow the instructions to fill out the application form on the Axis Bank website.
- Step 3: Submit the application form.
- Step 4: Your application will be processed by Citi Bank or Axis Bank, depending on your status as an existing customer or not.
IndianOil Citi Bank Credit Card Eligibility
- Age: Minimum 18 years
- Occupation: Salaried or Self Employed
- Income: ₹25000 per month or above
- Credit Score: A credit score of 700 or above is required
Documents Required
- Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.