Citibank, N.A. (now Axis Bank from July 2024)

IndianOil Citi Credit Card

VisaFuel / Co-brandedMid-Tier: GoldLifetime freeClosed to new applicants

Citi-Axis migration completed 13-15 Jul 2024. Card continues to function for existing holders; new applicants receive the Axis-branded successor directly. Successor: Axis Bank IndianOil PREMIUM Credit Card (per official migration FAQ: 6 EDGE Miles/INR 150 on registered IOCL fuel transactions).

Lounge accessTravel insuranceDining benefitsFuel waiver
Free
1st year fee
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Fees
Annual feeINR 1,000 + GST
Joining feeINR 1,000 + GST
Renewal feeINR 1,000 + GST
Fee waiverWaived on annual spend of INR 30,000 or more
Spend waiverSpend INR 1,50,000 in 12 months
Interest rate3.75% per month (45% per annum)
Late paymentNIL up to INR 2,000; INR 600 for INR 2,001-INR 7,500; INR 950 for INR 7,501-INR 15,000; INR 1,300 above INR 15,000
Forex markup3.5% on transaction amount
Cash advance2.5% of amount withdrawn, minimum INR 500
Eligibility
Min income (salaried)INR 20,000/month
Min income (self-emp.)INR 2.5-INR 4 lakh/year
Credit score700-750 (Good) (CIBIL score)
Age range21 to 60
Employment typeBoth
Resident typeIndian Resident
Rewards & cashback
Accelerated rate4 Turbo Points per INR 150 at IndianOil; 2 Turbo Points per INR 150 at supermarkets
Cashback %Effectively up to 2.6% on fuel (Turbo Points redeem for fuel at INR 1/TP)
Cashback capN/A - Points based
Redemption optionsFuel Redemptions, Cashback (direct), Flights & Hotels, Air Miles / Airline Conversion, Merchandise, Gift Vouchers
Points expiryNo Expiry
Travel & lounge
Domestic lounge0 visits (no lounge benefit)
International lounge0 visits (no lounge benefit)
Lounge conditionsNo
Insurance coverageNo
Hotel/flight offers0% - 5%
ConciergeYes - Restaurant reservations, hotel bookings, flower delivery
Forex waiver3.5% (Standard Rate)
Lifestyle
Dining discountsYes - Up to 20% at Citi dining partner restaurants
Fuel surchargeYes - 1% surcharge waiver on all IndianOil transactions >INR 10
OTT subscriptionsNo
E-commerce offersNo
Credit limit & EMI
Default limitINR 25,000 - INR 75,000
Max limitINR 1.5 - INR 3 lakh
Cash withdrawal20% - 40%
EMI conversionPost-purchase
Min EMI amountINR 2,500 - INR 3,000
Balance transferYes
BT interest rate1% per month
Insurance & protection
Purchase protectionNo
Lost card liabilityYes - Zero liability post reporting
Digital & security
ContactlessYes
Virtual cardYes
App featuresReal-time Spend Alerts, Card Lock/Unlock, View Statements & Due Dates, Convert to Equated Monthly Instalment (EMI), Rewards Tracking & Redemption, Autopay Setup, Download Credit Card Statement, Raise Service Requests
Card controlsBlock/Unblock Card, Enable/Disable International Usage, Enable/Disable Online Transactions, Enable/Disable Contactless (Near-Field Communication (NFC)), Automated Teller Machine (ATM) Withdrawal Toggle, Set Transaction Limits, Card PIN Reset, Report Lost/Stolen Card
Fraud protectionReal-time Transaction Alerts, OTP for Online Transactions, CVV + Expiry + OTP Combo, Spending Pattern Detection, Zero Liability Guarantee, Instant Card Block Option
Zero liabilityZero liability if fraud reported within 3 working days
WhatsApp supportNo
Ideal for

Fuel Spenders, Online Shoppers, Cashback Hunters

Read our guides
How EMI WorksHow Rewards WorkJoining Fee vs Annual Fee

Know your rights

Banks cannot send you a credit card you didn't apply for. If they do and bill you, they must reverse the charge AND pay you twice that amount as penalty, automatically, no questions asked.