Citi BankIndianOil Citi Credit Card – Benefits, Fees & Eligibility
Is the IndianOil Citi Credit Card Right for You?
The IndianOil Citi Credit Card is best suited for users who prioritize Fuel, Dining, Travel. With a joining fee of ₹1,000 + GST and a renewal fee of ₹1,000 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points, Cashback, Air Miles as its primary reward mechanism, with a rewards rate of Earn 1 TP/Rs. 150 on general, 2 TP/Rs. 150 on groceries, 4 TP/Rs. 150 on IndianOil fuel..
Key Card Details
₹1,000 + GST
₹1,000 + GST
Reward Points, Cashback, Air Miles
3.5% on all foreign currency transactions.
Earn 1 TP/Rs. 150 on general, 2 TP/Rs. 150 on groceries, 4 TP/Rs. 150 on IndianOil fuel.
3.75% per month (equivalent to 45% annually).
Notable Perks
Welcome Offer
Receive 250 Turbo Points on first transaction within 30 days of card activation.
Spend-Based Waiver
The annual fee can be waived off by spending Rs. 30,000 or more in the preceding year.
Dining Benefits
Get up to a 20% discount on dining bills at various participating restaurants.
Fuel Surcharge Waiver
1% waiver at IndianOil outlets for transactions above Rs. 10.
Things to Consider
The card has been discontinued, limiting new applications and future benefits.
High foreign currency markup of 3.5% makes international spending expensive.
High interest rate of 3.75% per month if balances are not paid in full.
Benefits & Features
Welcome Offer
Receive 250 Turbo Points on first transaction within 30 days of card activation.
Rewards Rate
Earn 1 TP/Rs. 150 on general, 2 TP/Rs. 150 on groceries, 4 TP/Rs. 150 on IndianOil fuel.
Reward Type
Reward Points, Cashback, Air Miles
Reward Redemption
Turbo Points redeemable for fuel (1 TP=Re.1), online/in-store shopping, AirMiles, cashback.
Dining Benefits
Get up to a 20% discount on dining bills at various participating restaurants.
Travel Benefits
Savings on flights (MakeMyTrip, EaseMyTrip), hotels (Vista Rooms), and 15% cashback at duty-free.
Fees & Charges
Joining Fee
₹1,000 + GST
Renewal Fee
₹1,000 + GST
Spend-Based Waiver
The annual fee can be waived off by spending Rs. 30,000 or more in the preceding year.
Foreign Currency Markup
3.5% on all foreign currency transactions.
Interest Rates
3.75% per month (equivalent to 45% annually).
Fuel Surcharge Waiver
1% waiver at IndianOil outlets for transactions above Rs. 10.
Cash Advance Charges
2.5% of amount withdrawn or min Rs. 500, whichever is higher.
Rewards Redemption Fee
Nil
Pros & Cons
Pros
Key benefits and features of this card.
High reward rate on fuel purchases at IndianOil outlets, maximizing savings for frequent users.
Versatile Turbo Points redemption options including fuel, cashback, shopping, and AirMiles.
Offers valuable dining discounts and travel savings, enhancing lifestyle benefits.
Includes a 1% fuel surcharge waiver, reducing costs on fuel transactions.
Annual fee can be easily waived with a reasonable spend threshold.
Cons
Key drawbacks and limitations of this card.
The card has been discontinued, limiting new applications and future benefits.
High foreign currency markup of 3.5% makes international spending expensive.
High interest rate of 3.75% per month if balances are not paid in full.
No complimentary lounge access or golf benefits, common in other premium cards.
Cash advance charges are quite high, discouraging cash withdrawals.
Product Details
Co-branded with IndianOil, offering specialized fuel benefits.
Earn Turbo Points on fuel, groceries, and general spending.
Points redeemable for fuel, cashback, shopping, and AirMiles.
Includes dining discounts and travel offers.
Provides a 1% fuel surcharge waiver at IndianOil outlets.
Annual fee waiver based on achieving a spend threshold.
Offers 24/7 customer support for cardholders.
Card has been discontinued and migrated to IndianOil Axis Bank Premium.
Benefits & Features
Welcome Offer
Receive 250 Turbo Points on first transaction within 30 days of card activation.
Rewards Rate
Earn 1 TP/Rs. 150 on general, 2 TP/Rs. 150 on groceries, 4 TP/Rs. 150 on IndianOil fuel.
Reward Type
Reward Points, Cashback, Air Miles
Reward Redemption
Turbo Points redeemable for fuel (1 TP=Re.1), online/in-store shopping, AirMiles, cashback.
Dining Benefits
Get up to a 20% discount on dining bills at various participating restaurants.
Travel Benefits
Savings on flights (MakeMyTrip, EaseMyTrip), hotels (Vista Rooms), and 15% cashback at duty-free.
What matters, explained clearly
Introduction
The IndianOil Citi Credit Card, launched by CitiBank, was a co-branded fuel credit card designed to offer significant benefits, particularly for fuel expenses, in collaboration with IndianOil. Positioned as a mid-range card with an annual fee of Rs. 1,000, it provided a strong reward rate on fuel purchases, a 1% fuel surcharge waiver, and a spend-based annual fee waiver. The card rewarded users with Turbo Points, which could be redeemed for fuel, shopping, cashback, and AirMiles. This card has since been discontinued and migrated to the IndianOil Axis Bank Premium Credit Card.
Welcome Benefits
- Receive 250 Turbo Points upon card activation, specifically when making your first transaction within 30 days of card activation.
Fees & Charges Breakdown
- Joining Fee: Rs. 1,000 + GST
- Renewal Fee: Rs. 1,000 + GST
- Spend-Based Waiver: The annual fee can be waived off by spending Rs. 30,000 or more in the preceding year.
- Reward Redemption Fee: Nil
- Foreign Currency Markup: 3.5% on all foreign currency transactions.
- Interest Rates: 3.75% per month (equivalent to 45% annually).
- Fuel Surcharge Waiver: 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 & Cashback Structure
- Earning Rate:
- Earn 1 Turbo Point for every Rs. 150 spent on general purchases.
- Earn 2 Turbo Points for every Rs. 150 spent at supermarkets and groceries.
- For spends greater than Rs. 5,000 on supermarkets & groceries, earn an additional 1 Turbo Point on every Rs. 150 spent, capped at 34 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.
- Reward Redemption Options:
- 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 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.
Travel, Lounge & Lifestyle Perks
- Dining Discounts: Get up to a 20% discount on dining bills at various participating restaurants.
- Travel Offers:
- Exclusive saving offers on flights through MakeMyTrip.
- Savings of up to Rs. 1000 on EaseMyTrip.
- Up to 15% discount on Vista Rooms.
- Up to 15% cashback at duty-free stores.
Card Eligibility Criteria & Income Requirements
- Age: Minimum 21 years.
- Income: Must have a stable source of income.
- Credit Score: A decent credit score is preferred.
- Required Documents:
- Identity Proof: Driving Licence, Aadhar Card, Voter ID, or Passport.
- Address Proof: Voter ID, Driving Licence, Passport, or Aadhar Card.
- Income Proof (Salaried): Past two months' salary slips.
- Income Proof (Self-Employed): Latest year ITR with income computation.
Credit Card Review
The IndianOil Citi Credit Card was particularly well-suited for individuals who frequently made fuel transactions. It offered the potential to earn up to 71 liters of free fuel annually through its robust Turbo Points program. Beyond fuel, the card provided valuable benefits such as dining discounts, travel offers, a fuel surcharge waiver, and a spend-based renewal fee waiver, all for a nominal annual fee. It was considered a strong option for those seeking a credit card with a lower joining fee and a good range of benefits across multiple categories, especially for fuel savings.
Important Product Details
- Earn 1 Turbo Point for every Rs. 150 spent on general purchases.
- Earn 2x Turbo Points for spending on groceries and supermarkets.
- Earn 4x Turbo Points on spending on fuel at authorized IndianOil outlets.
- Receive a welcome bonus of 250 Turbo Points.
- Turbo Points are redeemable against a variety of categories including fuel, cashback, and shopping.
- Benefit from exciting dining discount offers across several participating restaurants.
- Enjoy a 1% fuel surcharge waiver.
- The annual renewal fee can be waived based on spending.
- 24/7 customer support is available.
- This card has been discontinued and migrated to the IndianOil Axis Bank Premium Credit Card.
Other Details
- Customer Care:
- Emergency Helpline (24x7): 1800 267 2425 (toll-free in India) or +91 22 4955 2425 (local dialing) for lost cards, cards stuck in ATMs, or unauthorized transactions.
- General Queries: 1860 210 2484 (available from 7 AM – 9 PM, Monday to Saturday).
- Reward Redemption Process: To redeem Turbo Points, visit the bank's website and select the ‘Redeem Reward Points’ option under Credit cards.