IndianOil Citi Credit Card – Benefits, Fees & Eligibility

IndianOil Citi Credit Card

The IndianOil Citi Credit Card, launched by CitiBank, is a co-branded fuel card designed to offer significant benefits, particularly for fuel expenses, through a strong reward rate in collaboration with IndianOil. With an annual fee of Rs. 1,000, cardholders can potentially earn up to 71 liters of free fuel annually. The card rewards users with Turbo Points, starting with a welcome bonus of 250 Turbo Points upon the first transaction. It provides accelerated rewards for spends on groceries, departmental stores, and especially on fuel purchases at IndianOil outlets. Turbo Points are highly flexible and can be redeemed for various categories including fuel, shopping, gift vouchers, AirMiles, and cashback, alongside exciting dining discount offers. Please note: This card has now been migrated to IndianOil Axis Bank Premium Credit Card.

Welcome Benefits

• Receive 250 Turbo Points as a welcome gift when you make your first transaction within 30 days of card activation.

Fees

• Joining Fee: Rs. 1,000 + GST
• Renewal Fee: Rs. 1,000 + GST
• Spend-Based Waiver: The annual fee will be waived off if you spend Rs. 30,000 or more in the preceding year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% on all foreign currency transactions.
• Interest Rates: 3.75% per month (equivalent to 45% per annum).
• Fuel Surcharge: Enjoy a 1% fuel surcharge waiver at all authorized IndianOil outlets for transactions above Rs. 10.
• Cash Advance Charges: 2.5% of the amount withdrawn or a minimum of Rs. 500, whichever is higher.

Rewards

• Reward Rate:
  • Earn 1 Turbo Point for every Rs. 150 spent on general purchases.
  • Earn 2 Turbo Points for every Rs. 150 spent at supermarkets & groceries.
  • For spends greater than Rs. 5,000 on supermarkets & groceries, you receive an additional 1 Turbo Point on every Rs. 150 spent, capped at 34 incremental Turbo Points per transaction.
  • Earn 4 Turbo Points for every Rs. 150 spent on fuel purchases at authorized IndianOil outlets, capped at 267 Turbo Points per transaction.
• Movies & Dining: Get up to a 20% discount on dining bills across various participating restaurants.
• Travel:
  • Exclusive saving offers on flights through MakeMyTrip.
  • Savings of up to Rs. 1,000 on EaseMyTrip.
  • Up to 15% discount on Vista Rooms.
• Lifestyle: Up to 15% cashback at duty-free stores.
• Insurance Benefits: Not specified.
• Domestic Lounge Access: Not specified.
• International Lounge Access: Not specified.
• Golf: Not specified.

Rewards Redemption Guide

To redeem your Turbo Points, visit the Citibank website and click on the 'Redeem Reward Points' option under Credit Cards. Your earned Turbo Points can be redeemed against various categories at the following rates:

• Fuel at Indian Oil outlets: 1 Turbo Point = Re. 1 (minimum 250 Turbo Points required for redemption).
• Online shopping on travel sites: 1 Turbo Point = Re. 0.25
• Other online shopping: 1 Turbo Point = Re. 0.30
• In-store shopping at partner brands: 1 Turbo Point = Re. 0.30
• AirMile/InterMile: 1 Turbo Point = 0.75 AirMile/Intermile (minimum 100 Turbo Points required for redemption).
• Cashback: 1 Turbo Point = Re. 0.35 (minimum 10,000 Turbo Points required for redemption).
• Gift Vouchers: No minimum limit of Turbo Points required for redemption.

Card Eligibility Criteria

Eligibility Rules

• Age: Minimum 21 years.
• Income: Must have a stable source of income.
• Credit Score: A decent credit score is required.

Documents Required

• Identity Proof: Driving Licence, Aadhar Card, Voter ID, or Passport.
• Address Proof: Voter ID, Driving Licence, Passport, or Aadhar Card.
• For Salaried Employees: Past two months' salary slip.
• For Self-Employed Individuals: Latest year ITR with income computation.

Card Review

The IndianOil Citi Credit Card is highly recommended for individuals who frequently incur fuel expenses, making it an excellent fuel credit card option. It offers substantial fuel benefits, including the potential to earn up to 71 liters of free fuel annually. The card's reward system, based on Turbo Points, is flexible, allowing redemption across various categories beyond fuel, such as shopping, gift vouchers, AirMiles, and cashback. Additionally, cardholders can enjoy exciting dining discounts and saving offers on travel bookings through platforms like MakeMyTrip and EaseMyTrip. With a reasonable annual fee that can be waived based on spending, coupled with a 1% fuel surcharge waiver, the card presents a strong value proposition. Overall, for those seeking a credit card with a low joining fee and comprehensive benefits across fuel, dining, and travel categories, the IndianOil Citi Credit Card provides significant savings and rewards.

Important Product Details

• Co-branded fuel card offering a strong reward rate with IndianOil.
• Rewards are earned in the form of Turbo Points.
• Welcome bonus of 250 Turbo Points upon making the first transaction.
• Accelerated Turbo Points: 4x on IndianOil fuel spends, 2x on supermarket and grocery spends (with additional points for higher spends), and 1x on all other purchases.
• High redemption value for fuel, where 1 Turbo Point equals Re. 1.
• Turbo Points are redeemable against a variety of categories, including fuel, cashback, shopping, and AirMiles/InterMiles.
• Up to 20% discount on dining at participating restaurants.
• Exclusive saving offers on flights via MakeMyTrip and EaseMyTrip, and up to 15% discount on Vista Rooms.
• Up to 15% cashback at duty-free stores.
• 1% fuel surcharge waiver at all IndianOil outlets for transactions above Rs. 10.
• Annual fee waiver on spending Rs. 30,000 or more in the previous year.
• Provides 24x7 customer support.
• Important Note: This card has now been migrated to IndianOil Axis Bank Premium Credit Card.

Other Details

• Customer Care:
  • Emergency Helpline (for lost card, ATM issues, or unauthorized transactions):
    • Toll-free in India: 1800 267 2425
    • Local dialing: +91 22 4955 2425
    • (Always operational)
  • For Other Queries:
    • Contact: 1860 210 2484
    • (Available from 7 AM - 9 PM, Monday to Saturday)