The Ultimate Guide to the Indian Oil Citi Bank Credit Card

The Indian Oil Citi Bank Credit Card from Citi Bank is a fantastic choice for fuel benefits and rewards. Partnering with Indian Oil, it offers great advantages like earning Turbo Points with every purchase. The annual fee of Rs. 1,000 is reasonable considering the chance to get up to 71 liters of free fuel annually. The card also provides a welcoming 250 Turbo Points on your first transaction, making it a rewarding choice from the get-go.

Additionally, this card stands out with its versatile rewards system. Not only can you redeem Turbo Points for fuel purchases at IndianOil outlets, but you can also utilize them across various categories, including shopping, gift vouchers, AirMiles, and even cashback. Moreover, the card unlocks exciting discounts at a wide range of restaurants, adding extra value to your dining experiences. It’s more than just a fuel card; it’s a gateway to numerous rewards and perks tailored to your lifestyle.

Furthermore, the Indian Oil Citi Bank Credit Card offers accelerated rewards for specific spending categories like groceries, departmental stores, and, of course, fuel purchases at IndianOil outlets. Earning 1 Turbo Point for every Rs. 150 spent, this card ensures you maximize your benefits, allowing you to save more on your regular expenses. It’s a comprehensive package designed to cater to your everyday needs while rewarding you generously for your purchases. Explore its features, associated fees, and the array of benefits it offers for a holistic understanding of its value proposition.

Table of Contents

Rewards and Benefit:

Movie & Dining

You can avail up to 20% discount on dining across several participating restaurants.

Rewards Rate

1 Turbo Point for every Rs 150 spent, 2 Turbo Points for every Rs.150 spent at supermarkets, and 4 Turbo Points every time you spend Rs.150 on fuel at IOCL Outlets.

Rewards Redemption

For redemption against fuel, 1 TP=Re.1, for other categories 1 TP=Re.0.25 to Re. 0.35, and for AirMiles, 1 TP=0.75 Airmile/Intermile.

Zero Liability Protection

ON reporting the lost card to the Bank, the cardholder will not be liable for any fraudulent transaction.

Fees & charges

Spend based Waiver

On spending minimum Rs. 30,000 in the previous year you can waive off your annual fee.

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% on all foreign currency transactions.

Interest Rates

3.75% per month

Fuel Surcharge

1% fuel surcharge waiver at all Indian Oil outlets.

Cash Advance Charges

You will be charged 2.5% of the amount withdrawn or a minimum of Rs. 500.

Add-on Card Fee

Nil

Turbo Point details of Indian Oil Citi Bank Credit Card

1 Turbo Point for every Rs. 150 you spend.
You get 2X Turbo Points for spending on groceries and supermarkets.
You get 4X Turbo Points on spending on fuel at authorized Indian Oil outlets.
Get a welcome bonus of 250 Turbo Points.
Turbo Points are redeemable fuel, cashback, shopping, etc.
Exciting dining discount offers across several participating restaurants.
A 1% fuel surcharge waiver.
Spending-based renewal fee waiver.
24*7 customer support.

Welcome Benefits

Earn 250 Turbo Points as a welcome gift if you make your first translation within 30 days of card activation.

Dining Benefits

Get up to 20% discount on dining bills at various participating restaurants using your Indian Oil Citi Credit Card.

Indian Oil Citi Bank Credit Card Other Benefits

Exclusive saving offers on flights through MakeMyTrip.
Saving of up to Rs. 1000 on EaseMyTRip.
Up to 15% discount on Vista Rooms.
Up to 15% cashback at duty-free stores.

Joining and Renewal Fee Waiver:

On spending Rs. 30,000 or above in the previous year, the annual fee pf Rs. 1,000 can be waived off for the Indian Oil CitiBank Card.

Fuel Surcharge Waiver:

Get a 1% waiver on fuel surcharge across all authorized Indian Oil outlets on swiping your Indian Oil Citi Credit Card for transactions above Rs. 10.

Indian Oil Citi Bank Credit Card Rewards:

Since it is a fuel credit card, you Reward Points as Turbo Points on the Indian Oil Citi Bank Credit Card.
Get 1 Turbo Point every time you spend Rs. 150.
2 Turbo Points per Rs. 150 you spend on supermarkets & groceries. For spends greater than Rs. 5,000, you get 1 extra Turbo Point on every Rs. 150 you spend. These incremental Turbo Points are capped at 34 Turbo Points per transaction.
You get 4 Turbo Points per Rs. 150 spent on fuel purchases at authorized Indian Oil outlets. The Turbo Points in this category are capped at 267 Turbo Points per transaction.

Rewards Redemption:

To redeem your Turbo Points, you need to visit www.online.citibank.co.in then click on the option Redeem Reward Points under Credit Card. You can redeem your earned Turbo Points against online shopping, fuel, in-store shopping at partner brands, cashback, AirMiles/InterMiles, etc, at the rates given below:

Redemption Category	Value of 1 RP
Fuel at Indian Oil outlets	Re. 1
Online shopping on travel sites	Re. 0.25
Other online shopping	Re. 0.30
In-store shopping at partner brands	Re. 0.30
AirMile/InterMile	0.75 InterMile
Cashback	Re. 0.35

For redemption against fuel, you would need 250 Turbo Points, for AirMiles/InterMiles you need 100 TPs, for Cashback you need 10,000 TPs and against gift vouchers no minimum limit of Turbo Points

Following are the eligibility criteria that one needs to follow if they want to get approved for the Indian Oil Citi Card:

Particular	Criteria
Age	Minimum 21 years
Income	Stable source of income
Credit Store	Decent credit score

Documents Required

Identity Proof (Driving Licence/ Aadhar Card/ Voter Card/ Passport).
Address Proof (Voter ID/ Driving Licence/ Passport/ Aadhar Card).
Past two months salary slip (for salaried employees).
Latest year ITR with income computation (for self-employed individuals).

How to Apply for Indian Oil Citi Bank Credit Card?

The applicant can apply for the Indian Oil Citi card by visiting their nearest branch or they can easily apply online by following these simple steps:

Go to https://www.online.citibank.co.in/.
Click ‘Credit Card’.
Select ‘Indian Oil Citi Bank Credit Card’.
Choose the ‘Indian Oil Credit Card’.
Click on ‘Begin your application’.
Fill in all the mandatory particulars and complete all the formalities as mandated by the bank’s website.

If you would like to apply for online shopping based credit card then you can look for this content that will help you to earn reward points based on online shopping.

Customer Care:

Citibank provides its customers with 24*7 customer support. Following are some customer care contact details of Citibank:

Contact the emergency helpline, 1800 267 2425 (toll-free in India) or +91 22 4955 2425 (local sailing), if you have lost your card, if your card is stuck in an ATM, or if you receive notification about a transaction you didn’t make (always operational).
For any other queries, you can contact 1860 210 2484 ( available from 7AM – 9 PM, Monday to Saturday).

Conclusion:

The IndianOil Citi Bank Credit Card is tailored for frequent fuel transactions, offering rewards for various purchases. It grants an annual opportunity to claim up to 71 liters of free fuel, allowing Turbo Points redemption in categories like fuel. With nominal yearly fees, it delivers enticing reward and discount offers for dining, flight, and hotel bookings. The card not only helps you save through Turbo Points but also offers fuel surcharge waivers and spend-based renewal fee waivers, enhancing its value proposition. In essence, for those seeking a low joining fee and diverse benefits across multiple categories, the IndianOil Citi Credit Card stands as an ideal choice.

FAQs:

1. What is the annual interest rate for this card?

The Indian Oil Citi Bank Credit Card carries an annual interest rate of 45%, which amounts to 3.75% per month.

2. How do Turbo Points translate into rupees for fuel redemption?

For fuel transactions at authorized IndianOil outlets, 1 Turbo Point holds a value equivalent to Re. 1.

3. What is the annual fee for this card, and is it possible to waive it?

The annual renewal fee for the Indian Oil Citi Bank Credit Card stands at Rs. 1,000. However, this fee can be waived if you spend Rs. 30,000 or more in the previous year.

4. Are there any flight booking discounts available through the IndianOil Citi Credit Card?

Absolutely. You can access exclusive discount offers for flight bookings through MakeMyTrip and EaseMyTrip using your Indian Oil Citi Bank Credit Card.