Indianoil Citi Credit Card

Indianoil Citi Credit Card is a fuel credit card from Citi Bank. 1 Turbo Point = ₹1.

Annual fee: Nil
Forex markup: 3.5%
Interest: 3.75% per month (45% p.a.)

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Welcome benefits

Customers can earn 250 Turbo Points on joining

Rewards & cashback

1 Turbo Point = ₹1
Users will be awarded 4 Turbo points on ₹150 of fuel purchases at authorized IndianOil Retail Outlets across the country
Cashback rate: 2.67%
2 Turbo points / ₹150 spent on groceries and supermarkets
Cashback rate: 1.33%
Effective cashback rate: 0.66%

More benefits & features

Up to 20% savings across participating restaurants
Fuel surcharge waiver: 1% fuel surcharge waiver on all transactions at IndianOil pumps

Fees & charges

Annual fee: Nil
Foreign currency markup: 3.5%
Interest rate: 3.75% per month (45% p.a.)
Late payment: ₹100 per month
Cash advance: 5% of outstanding balance or ₹100, whichever is higher
Fuel surcharge: 1% fuel surcharge (plus applicable GST) will be automatically reversed to your account within 7-10 business days of…
Billing cycle: 30 Days
Other fees: 5% of outstanding balance or ₹100, whichever is higher | Finance Charge: 3.75% per month (45% p.a.) on outstanding balance. | Foreign…

Pros and cons

What works well

Welcome bonus: Users will get 250 Turbo Points on joining
1 Turbo Point = ₹1
Users will be awarded 4 Turbo points on ₹150 of fuel purchases at authorized IndianOil Retail Outlets across the country
Cashback rate: 2.67%. 2 Turbo points / ₹150 spent on groceries and supermarkets
Cashback rate: 1.33%. 1 Turbo point / ₹150 on all other spends
Effective cashback rate: 0.66%

Worth knowing

Limited reward program: The reward program is primarily focused on fuel spending, with lower rewards on other categories
Points capping: There is a monthly cap of 267 Turbo Points on grocery and supermarket spending and 10,000 Turbo Points on fuel spending
Limited network: The fuel surcharge waiver and Turbo Points are only applicable at IndianOil outlets

Who can apply

You must be at least 18 years old
You must have an Indian or multinational banks savings or current account in India
You must have a good credit history and no payment defaults
You must have a personal annual income of ₹4 Lacs and above (for both salaried and self-employed individuals)
You must have a current/permanent residential address in India

How to apply

Visit the Citibank India website: Choose the specific IndianOil CITI Card you're interested in
Click "Apply Now."
Enter your basic information: Name, address, date of birth, contact details
Provide financial information: Income, employment, PAN number
Review and submit application: Carefully review all details before submitting
Document verification: Citibank may request document verification for income and address proof
Approval and card issuance: You'll receive a notification about your application status within a few days
If approved, your card will be mailed within a week

Details come from information published by Citi Bank and may change. Confirm current fees, benefits and eligibility with the bank before applying. Some links are partner links; MyRupaya may earn a commission at no extra cost to you.