Citi Indian Oil Rewards

IndianOil Citi Credit Card

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About IndianOil Citi Credit Card

The IndianOil Citi Credit Card is a fuel credit card that enables you to save more on fuel at all IndianOil outlets across the country. Enjoy a 2.5% fuel surcharge across all IndianOil fuel stations while earning Turbo Points too. The card also allows you to earn fuel for free. Want more? You even get dining and shopping privileges. Here are a few details about the popular IndianOil Citi Credit Card and its benefits.

Key Highlights of the IndianOil Citi Credit Card

The IndianOil Citi Credit Card offers amazing cashbacks to help you save big. The key highlights are:

  • Instant Redemption – You can redeem your reward points instantly via SMS against all your purchases.

  • Instant Loans – Avail Instant Loans on your Citi Cash Card.

  • Global Partner – Get exclusive deals & discounts across 90 countries worldwide.

How to Apply for IndianOil Citi Credit Card

You can apply online for the IndianOil Citi Credit Card by visiting the Bajaj MARKETS website and following the steps given below:

  • Step 1: Visit Bajaj MARKETS
    Visit our website

  • Step 2: Fill in your details
    Help us with a few of your details

  • Step 3: Check out the list of multiple credit cards
    Compare between the multiple Citi Credit Cards options available
    Step 4: Make a choice

  • Select the IndianOil Citi Credit Card

  • Step 5: Submit your form
    And you're all set!

Eligibility Criteria & Documents Required for IndianOil Citi Credit Card

Eligibility Criteria for IndianOil Citi Credit Card

Criteria

Particulars

Age

21 to 60 years

Occupation

Salaried/ Self-employed

Documents Needed

  • Proof of Identity

  • Proof of Address

  • Proof of Income

Joining Fee

Conveyed at the time of issuance

Documents Required for Salaried Employees

  • Proof of Identity

  • Proof of Address

  • Latest two salary slips

  • Id and Address proof documents (Valid Passport issued by Govt. of India, Driving License, Proof of possession of Aadhaar number (Aadhaar Card/ E-aadhaar), Voter's ID Card, Job Card issued by NREGA duly signed by an officer of the State Government)

Documents Required for Self-Employed Individuals

  • Proof of Identity

  • Proof of Address

  • Latest year ITR with audited financials and computation of income

  • Id and Address proof documents (Valid Passport issued by Govt. of India, Driving License, Proof of possession of Aadhaar number (Aadhaar Card/ E-aadhaar), Voter's ID Card, Job Card issued by NREGA duly signed by an officer of the State Government)

Reward Points on IndianOil Citi Credit Card

Let's take a look at IndianOil Citi Credit Card Points

Spend Category

Turbo Points earned per ₹150

Quarterly Spends

Turbo Points earned

Savings of 1% on fuel surcharge (₹)1

(estimated >average)

(1 Turbo pt = Re.1)

Fuel

4X

₹18,000

480

₹180

Groceries and

Supermarkets

2X

₹15,000

200

N/A

All other

spends

1X

₹52,000

347

N/A

Quarterly total

(a)

N/A

₹85,000

1,027

₹180

Yearly earnings [4x(a)]

N/A

₹3,40,000

4,107

₹720

Total earnings

₹4827

Yearly Free

Fuel earnings

(Total earnings

/price of 1ltr

petrol)

~ 71 Litres4

  • Earn 4 Turbo Points for every ₹ 150 spent and reversal of fuel surcharge (1%) on fuel purchases at authorised IndianOil outlets. No points earned for transactions more than ₹ 10,000 for fuel transactions in this category.

  • Earn 2 Turbo points for every ₹ 150 spent on groceries and supermarkets. Accelerated earnings in this category are capped to₹ 5000 (67 points) monthly statement spends, post which 1x points are earned on spends.

  • Earn 1 Turbo point for every ₹ 150 spent on other spends, eligible under this category.

  • Get 250 Turbo Points on your first spend within 30 days of card issuance

  • Calculated with ₹ 67.84 as the average price of petrol in Delhi for the calendar year 2017.

  • Your Turbo Points can be redeemed against fuel purchases at authorised IndianOil outlets at any bank’s EDC. 1 Turbo Point = ₹ 1 of free fuel for redemption

  • The Value Chart is for indicative purposes only. Fractions have been rounded off to the nearest number.

Ways to Redeem your reward points on the IndianOil Citi Credit Card

There are three ways in which you can redeem your reward points on the Indianoil Citi Credit Card-

  • At any EDC machine of any bank, pay with the IndianOil Citi Credit Card to redeem your rewards

  • Via SMS you can also redeem your rewards within 24 hours

  • On the official website, you can redeem your accumulated points

Features & Benefits of the IndianOil Citi Credit Card

Here are the benefits of the IndianOil Citi credit card:

  • Get 4 Turbo Points on ₹ 150 spent on fuel at authorised Indian Oil outlets (1 Turbo Point = Re 1 Free Fuel)

  • Get 1% fuel surcharge waiver at authorised Indian Oil outlets

  • Get 2 Turbo Points on ₹150 at grocery stores and supermarkets

  • Enjoy Zero Annual Fee on spend of ₹30000 or more in a membership year, else ₹1000 will be charged as Annual Fee

  • Enjoy safe contactless payments from your Citi IndianOil Credit Card

Fees & Charges of IndianOil Citi Credit Card

To find out the IndianOil Citi credit card annual fee and other charges, see the table given below:

Particulars

Amount

Annual Fee

₹ 1,000

Cheque/ECS/ACH bounce charge

₹ 500 per returned instrument

Extended Credit Charges

3.25% p.m. /39% p.a.

Outstation Cheque Charge (based on the value of the cheque)

Up to ₹ 10,000 – ₹ 50 per cheque

₹ 10,001 to ₹ 1,00,000 – ₹ 100 per cheque

Above ₹ 1,00,001 – ₹ 150 per cheque

Reissue of lost, stolen or damaged card

₹ 100

Cash Advance Charges

2.5% on the billed amount withdrawn*, subject to a minimum of ₹ 500

Railway ticket booking surcharge

1.8% of the transaction value

Fuel transaction charge

1% of the transaction amount, subject to a minimum of ₹ 10. Waived at Indian Oil Corporation outlets for transactions on Citi EDCs (electronic data capture terminals)

Overlimit Charges

2.5% of the amount (excluding fees, charges and taxes) over the credit limit, subject to a minimum of ₹ 500

Late Payment Fee

NIL for statement balance up to ₹2000

₹600 for statement balance above ₹2000 and up to ₹7500

₹950 for statement balance above ₹7500 and up to ₹15000

₹1300 for statement balance above ₹15000

IndianOil Citi Credit Card Status - Online

To check your IndianOil Citi Credit Card Status Online, follow the steps given below:

  • Step 1: Go to the Citi website and Click on Credit Cards

  • Step 2: Go to Credit Card Application

  • Step 3: Enter your Application Number and your registered mobile number

  • Step 4: View your Credit Card status

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Citi Rewards Credit Card

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Similar Credit Cards Offered by Other Banks

Let us now take a look at some other Credit Cards that are similar to IndianOil Citi Credit Card -

Credit Card

Key Features

IndianOil HDFC Credit Card

Annual Fee: 500

Best Feature: Get fuel points up to 5% on IndianOil outlets

BPCL SBI card Octane

Annual Fee: 500

Best Feature: 25 times reward points on your fuel expenses

IndiaOil Axis Bank Credit Card

Annual Fee: 500

Best Feature: Get 4% value back at IndianOil outlets

FAQs about Indian Citi Credit Card

  • ✔️Is Citi IndianOil Credit Card good?

    If you are a regular commuter or an avid traveller, Citi IndianOil Credit Card can be an ideal option for you. You can earn on your fuel expenses at IndianOil outlets. If you are looking for a card exclusively for your fuel expenses, you can surely consider Citi IndianOil Credit Card.

  • ✔️How can I redeem my Citi IndianOil Credit Card points?

    You can easily redeem your Citi IndianOil Credit Card points at Citibank partners. You can redeem them against all the available products or services being currently allowed under your card.

  • ✔️What is Citi IndianOil Credit Card?

    Citi IndianOil Credit Card is a credit card that helps you earn reward points as you spend on refuelling your vehicle. The card offers you Turbo Points and lets you redeem them to earn specified benefits.