The Citibank Indian Oil Credit Card is a co-branded credit card offered by Citibank in partnership with Indian Oil Corporation Limited (IOCL). This card is designed to provide benefits and rewards to customers who frequently purchase fuel at Indian Oil outlets.
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What is Citibank Indian Oil Credit Card?
The Citibank Indian Oil Credit Card is a fuel rewards credit card that offers a variety of benefits, including:
- 4x Turbo Points on fuel purchases at authorized IndianOil outlets
- 2x Turbo Points on grocery and supermarket purchases
- 1 Turbo Points on all other purchases
- 1% fuel surcharge waiver
- Welcome bonus of 250 Turbo Points
- Dining discount offers at participating restaurants
- 24*7 customer support
The annual fee for this card is Rs. 1,000. However, the fee can be waived if you spend Rs. 25,000 or more yearly.
The Key Features and Benefits of the Citibank Indian Oil Credit Card
Fuel Benefits
The card offers attractive fuel benefits and rewards for fuel purchases at Indian Oil outlets nationwide. You can earn accelerated fuel points on every fuel transaction, which can be redeemed for fuel purchases.
Turbo Points
Apart from fuel benefits, the card also provides Turbo Points on all other retail spends, including dining, shopping, travel, and more. These Turbo Points can be redeemed for fuel at Indian Oil outlets or other rewards from Citibank’s rewards catalogue.
Welcome Offer
The card may come with a welcome offer, such as bonus Turbo Points or fuel vouchers when you meet the specified spending criteria within the defined period after card activation.
Additional Benefits
The may offer additional benefits, such as dining, shopping, and movie ticket discounts. These benefits may vary based on the specific card variant and ongoing promotions.
Contactless Payments
The card supports contactless payments, making quick and secure transactions by tapping your card at enabled point-of-sale terminals.
Flexible Repayment Options
Citibank provides flexible repayment options, including the choice to convert your big-ticket purchases into easy monthly installments.
It’s important to note that the features, benefits, and terms and conditions of the card may vary over time and depend on the specific card variant. It’s always recommended to check the latest information on the official Citibank India website or contact customer support before applying for the card.
Pros and Cons of the Citibank Indian Oil Credit Card
Pros:
- Earns a lot of Turbo Points on fuel purchases
- Offers a 1% fuel surcharge waiver
- It comes with a welcome bonus of 250 Turbo Points
- Offers dining discount offers at participating restaurants
- Has 24*7 customer support
Cons:
- Annual fee of Rs. 1,000 (can be waived)
- No sign-up bonus
- Not as many rewards as some other credit cards
Overall, the Citibank IndianOil Credit Card is a good option for people who spend a lot on fuel. The card offers a lot of Turbo Points on fuel purchases and comes with a few other benefits, such as a 1% fuel surcharge waiver and dining discount offers. However, the annual fee is relatively high, so you may want to consider other cards if you don’t spend much on fuel.
Conclusion
The Citibank Indian Oil Credit Card is a good option for people who spend a lot on fuel. The card offers a lot of Turbo Points on fuel purchases and comes with a few other benefits, such as a 1% fuel surcharge waiver and dining discount offers. However, the annual fee is relatively high, so you may want to consider other cards if you don’t spend much on fuel.