Save on Fuel and Earn Rewards with Citi IndianOil Credit Card
Having a credit card that offers convenience and rewards can be a great asset. The Citi IndianOil Credit Card is designed for individuals who frequently refuel their vehicles at IndianOil outlets. This fuel credit card comes with many benefits, including Turbo Points, fuel surcharge waivers, and welcome bonuses. In this article, we will explore the features, pros, and cons of the Citi IndianOil Credit Card, helping you decide whether it’s the right card for you.
What is Citi IndianOil Credit Card?
The Citi IndianOil Credit Card is a fuel credit card designed for individuals who frequently fill up their vehicles at IndianOil outlets. With this card, you can earn Turbo Points on all purchases and even more when you use it for fuel transactions at authorized IndianOil outlets. The Turbo Points can be redeemed for fuel, shopping, gift vouchers, AirMiles, cashback, and more. Additionally, the card offers a 1% fuel surcharge waiver, a welcome bonus of 250 Turbo Points, and various other benefits such as concierge services, travel insurance, purchase protection, and an extended warranty.
Citibank Indianoil Credit Card Benefits
The Citibank IndianOil Credit Card offers attractive benefits including Turbo Points, a fuel surcharge waiver, a welcome bonus, and more. Let’s check the benefits
Earn Turbo Points on Every Purchase
The Citi IndianOil Credit Card allows you to earn Turbo Points on all your purchases. Whether you’re shopping for groceries, dining out, or indulging in retail therapy, every swipe of your card helps you accumulate Turbo Points. Moreover, when you use your card at authorized IndianOil outlets for fuel purchases, you earn even more Turbo Points. This reward system gives you the flexibility to redeem your points for a variety of benefits, including fuel, shopping, gift vouchers, AirMiles, cashback, and more.
Fuel Surcharge Waiver
One of the significant advantages of the Citi IndianOil Credit Card is the 1% fuel surcharge waiver on fuel purchases at authorized IndianOil outlets. You can save on every fuel transaction by using your credit card. With the rising fuel prices, this waiver can significantly contribute to your savings, making it a valuable benefit for cardholders.
Welcome Bonus to Jump-Start Your Savings
As a new cardholder, the Citi IndianOil Credit Card welcomes you with a bonus of 250 Turbo Points when you make your first transaction within 30 days of receiving the card. This attractive welcome bonus gives you an immediate boost, allowing you to start enjoying the card’s benefits right from the beginning.
Double Turbo Points on Grocery and Supermarket Purchases
For individuals who frequently stock up on groceries and household essentials, the Citi IndianOil Credit Card offers a double Turbo Points earning opportunity. You earn 2X Turbo Points on spends up to 5,000 (or accrual of 67 Turbo Points) per month at merchants identified as a grocery by Visa/MasterCard. This feature enables you to accumulate points faster, bringing you closer to the rewards you desire.
Turbo Points on Other Purchases
Apart from fuel and grocery purchases, the Citi IndianOil Credit Card also rewards you with 1 Turbo Point for every Rs. 150 spent on other categories like shopping, dining, and more. Even your everyday expenses can contribute to your Turbo Points balance, giving you additional opportunities to save or redeem for exciting offers.
Additional Benefits to Enhance Your Card Experience
In addition to its fuel-centric advantages, the Citi IndianOil Credit Card offers a range of other benefits to enhance your overall card experience. These include:
Concierge Services: Enjoy the convenience of personalized concierge services that cater to your travel, entertainment, and lifestyle needs. From booking reservations to finding the perfect gift, the concierge service is there to assist you.
Travel Insurance: When you use your Citi IndianOil Credit Card to purchase your travel tickets, you are entitled to complimentary travel insurance. This coverage provides you with financial protection against various travel-related risks, ensuring peace of mind on your journeys.
Purchase Protection: With the purchase protection benefit, you can shop with confidence. The Citi IndianOil Credit Card offers coverage against loss, theft, or damage to eligible items purchased using the card, providing you with added security and reassurance.
Extended Warranty: The extended warranty feature extends the manufacturer’s warranty on eligible products purchased using the Citi IndianOil Credit Card. This benefit allows you to enjoy the durability of your purchases for an extended period, saving you from potential repair or replacement costs.
Citi Indianoil Credit Card Charges
The Citi Indianoil Credit Card has a few different charges, including:
|Late payment fee||Rs. 500|
|Interest||36% per annum|
|Surcharge||2.5% on fuel purchases made at non-IndianOil outlets|
|Foreign transaction fee||3.5% on all international purchases|
Here are Some Tips to help you avoid charges on your Citi Indianoil Credit Card:
- Make sure to pay your bill on time.
- Keep your balance low.
- Only use your card for purchases that you can afford to pay off in full each month.
- Avoid making international purchases.
- Annual fee Rs. 1000 + taxes waived off on spends of Rs. 30000 or more
How To Redeem Citi Indianoil Credit Card Points For Fuel
Here is the step-by-step guide on how to redeem Citi IndianOil Credit Card points for fuel:
- Pay for your fuel purchase at an authorized IndianOil outlet using your Citi IndianOil Credit Card.
- After the transaction, you will receive an SMS with a redemption link.
- Open the redemption link from the SMS.
- Confirm the number of points you wish to redeem.
- Click on “Redeem Now” to complete the process.
- The amount of fuel you can redeem will depend on the number of points you have.
For example, if you have 1000 points, you can redeem them for Rs. 250 worth of fuel.
- You can only redeem points at authorized IndianOil outlets.
- Points can only be redeemed for fuel purchases.
- Cashback or other types of rewards cannot be redeemed with points.
- The redemption link remains valid for 24 hours.
Citi Indianoil Credit Card Review
The Citi Indian Oil Credit Card is a specialized fuel credit card that offers a variety of benefits for individuals who frequently refuel their vehicles at Indian Oil outlets. With features like Turbo Points, a fuel surcharge waiver, and a welcome bonus, this card provides an opportunity to earn rewards and save on fuel purchases. The additional perks such as concierge services, travel insurance, purchase protection, and extended warranty enhance the overall card experience. While the card’s fuel-centric rewards make it stand out, it’s essential to consider the annual fee and high-interest rate. Overall, it’s a suitable choice for those seeking fuel-related rewards and responsible credit management.
Pros and Cons of the Citi IndianOil Credit Card
As with any financial product, it is essential to evaluate the pros and cons before making a decision. Here are the advantages and disadvantages of the Citi IndianOil Credit Card:
|Earn Turbo Points on all purchases||Annual fee of Rs. 1,000|
|Additional rewards for fuel transactions||High interest rate of 36% p.a.|
|1% fuel surcharge waiver on fuel purchases||Limited availability for individuals with poor credit history|
|Welcome bonus of 250 Turbo Points|
|Double Turbo Points on grocery and supermarket purchases|
|1 Turbo Point on all other purchases|
|Additional benefits: concierge services, travel insurance, purchase protection, extended warranty|
|High-interest rate of 36% p.a.|
Citi Indianoil Credit Card Petrol Pump List
To find the list of petrol pumps accepting the Citi IndianOil Credit Card, visit: Citi Credit Card Accepted Petrol Pump List
The Citi IndianOil Credit Card offers a valuable proposition for individuals who frequently refuel their vehicles at IndianOil outlets. With its Turbo Points system, fuel surcharge waivers, welcome bonus, and additional benefits, this card provides an opportunity to save money on fuel purchases while earning rewards on everyday expenses. However, it is essential to consider the annual fee, interest rate, and eligibility criteria before applying. By carefully assessing your needs and financial capabilities, you can determine whether the Citi IndianOil Credit Card is the right choice for you.
How can I earn Turbo Points Citi IndianOil Credit Card?
You can earn Turbo Points on all purchases, with extra points on fuel transactions at authorized IndianOil outlets.
What can I redeem Turbo Points for?
Turbo Points can be redeemed for fuel, shopping, gift vouchers, AirMiles, cashback, and more.
Is there a welcome bonus with the Citi IndianOil Credit Card?
Yes, there is a welcome bonus of 250 Turbo Points when you make your first transaction within 30 days of receiving the card.
What are the additional benefits of the card?
The card offers benefits like concierge services, travel insurance, purchase protection, and an extended warranty.
What is the interest rate for the card?
The card has a high-interest rate of 36% p.a.