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Citi IndianOil Credit Card
Annual Fees
1000
Add to Compare
Percentage Savings range
1% - 4%
Ideal for spends on Fuel
Reward Type
Fuel
Welcome Benefits
250 Turbo Points *
Minimum Income
3,00,000
Lounge Access
Not Available
Rewards
Core Rewards :
- 1% RP 1 Turbo Point per Rs. 150
- 2% RP 2X Turbo Points for every Rs. 150 spent on Grocery
- 4% RP 4X Turbo Points for every Rs. 150 spent on fuel
Milestone Rewards :
- Monthly : N/A
- Quaterly : N/A
- Annual : N/A
No rewards on spends : Wallet Load, Rent
Rewards Redemption
How to Redeem :
- Redeem points for Fuel, vouchers or Statement Credit
Redemption options : Fuel, Statement Credit, Airmiles, Gift Vouchers Catalogue
Redemption fee : Not Applicable
Transfer partners :
- Intermiles
Complementary Benefits
Lounge access :
- Domestic Lounge : N/A
- International Lounge : N/A
- Railway Lounge : N/A
Insurance Benefits :
- Lost card liability : Upto credit limit
- Personal accidental insurance : N/A
- Air accidental insurance : N/A
Other Benefits :
- Lounge Membership : N/A
- Memberships Available With Cards : N/A
- Spa Benefits : N/A
Golf Benefits :
- Lessons : N/A
- Games : N/A
Fees
Joining fees : 1000
Annual fees : 1000
Welcome Benefits : 250 Turbo Points
Quaterly Benefits : N/A
Annual Benefits : N/A
Forex markup charges : 3.50%
Fee reversal criteria : Spend Rs. 30,000 in a year.
Eligibility
Minimum age : 21
Minimum ITR : 3,00,000
Minimum Salary : 30,000
Citi IndianOil Credit Card Welcome Benefits
As a welcome benefit, the Citi IndianOil Credit Card offers a substantial fuel gift voucher worth Rs. 250 as a token of appreciation. This fuel voucher can be redeemed at authorized IndianOil fuel stations across India, making your initial fuel purchases more economical. It's a great way to kickstart your fuel savings with this credit card.
Citi IndianOil Credit Card Reward Points/Cashback
- Core Rewards:
- Earn 1 Turbo Point for every Rs. 150 spent on general purchases.
- Get 2X Turbo Points for every Rs. 150 spent on grocery shopping.
- Enjoy 4X Turbo Points for every Rs. 150 spent on fuel, making it a great choice for fuel savings.
- Movie & Dining:
- Avail of up to a 20% discount on dining at participating restaurants.
- Rewards Rate:
- Collect Turbo Points, where 1 Turbo Point is equivalent to Re. 1 when redeeming against fuel expenses. For other categories, the value ranges from Re. 0.25 to Re. 0.35 per Turbo Point. Additionally, you can convert 1 Turbo Point to 0.75 Airmile/Intermile.
- Travel, Golf, Lounge Access, and Insurance Benefits:
- Unfortunately, this card does not offer travel, golf, domestic or international lounge access, or insurance benefits.
- Zero Liability Protection:
- In case your card is lost and you report it to the bank, you won't be held liable for any fraudulent transactions. This feature offers added security and peace of mind for cardholders.
Citi IndianOil Credit Card Reward Point Redemption
- Fuel: You can redeem your Turbo Points directly for fuel at IndianOil outlets. Each Turbo Point is worth Re. 1 in fuel.
- Statement Credit: You have the option to use your Turbo Points to offset your credit card statement balance.
- Airmiles: Redeem your Turbo Points for Airmiles, where 1 Turbo Point equals 0.75 Airmile/Intermile.
- Redeem Against Catalog: You can exchange your Turbo Points for various items from the Citi Rewards Catalog.
- Pay with Points: Use your Turbo Points to pay for your purchases at select partner stores.
Pros of Citi IndianOil Credit Card
- Earn accelerated Turbo Points on fuel, groceries, and general spending.
- Redeem Turbo Points for fuel, statement credits, Airmiles, catalog items, or pay with points at partner stores.
- Zero liability protection for added security.
- Attractive welcome benefit of Rs. 250 fuel gift voucher.
Cons of Citi IndianOil Credit Card
- Does not offer travel, golf, lounge access, or insurance benefits.
- Limited redemption options compared to some other credit cards.
Citi IndianOil Credit Card Benefits
- Fuel gift voucher of Rs. 250 as a welcome benefit.
- Accelerated Turbo Points on fuel, groceries, and general spending.
- Redemption options include fuel, statement credits, Airmiles, catalog items, and pay with points at partner stores.
- Zero liability protection for added security.
Citi IndianOil Credit Card Charges and Fee
- Joining Fee: Rs. 1,000 + GST
- Annual Fee (1st Year): Rs. 1,000 + GST
- Annual Fee (2nd Year Onwards): Rs. 1,000 + GST
- Interest Rate: 3.25% per month
- Overdue Penalty or Late Payment Charges: If the total amount due is up to Rs. 1,000, a late fee of Rs. 450 is applicable. If the total amount due is between Rs. 1,001 and Rs. 5,000, a late fee of Rs. 700 is applicable. For a total amount due above Rs. 5,000, a late fee of Rs. 950 is applicable.
- Card Replacement Fee: Rs. 100
- Outstation Cheque Fee: Rs. 100