IndianOil Citi Platinum Credit Card Features And Review

The IndianOil Citibank Platinum Card is a fuel credit card issued by Citi Bank in partnership with Indian Oil Corporation that can help you earn free fuel as rewards. 

The Features of and Benefits on the Card are as follows: 

1. You earn 4 turbo points for every Rs.150 worth of fuel purchased at Indian Oil retail outlets. Note that 1 turbo point is equal to Re. 1 worth of fuel, so you can use these turbo points to avail free fuel at an Indian Oil outlet. 

2. You also get a full waiver of the 2.5% fuel surcharge, when you buy fuel at an IndianOil outlet. 

3. You get 4 turbo points for every Rs.150 spent with special partner outlets. At present, the only partner in this category is MakeMyTrip. 

4. You earn 2 turbo points for every Rs. 150 spent at partner grocery and supermarket stores. 

5. On all other spends, you are also eligible for 1 turbo point for every Rs. 150 spent using your IndianOil Citibank Platinum Card. 

6. Interest rate on the card is 3.25% per month. 

7. Annual fee on the card is NIL when you spend Rs. 30000 or more with the card in a year. Otherwise, an annual fee of Rs. 1000 will be applicable. 

Restrictions on Reward Points

1. For Fuel Purchases, the turbo points would only accrue if your purchase amount does not exceed Rs. 10,000 per transaction. For transactions exceeding Rs. 10000, no turbo points would accrue to the card holder. 

2. On spends in partner grocery and supermarket stores, you earn 2 Turbo Points on spends upto Rs. 5,000 (or accrual of 67 Turbo Points) per month. Beyond that you earn 1 Turbo Point per Rs.150 spent. 

Review of the IndianOil Citi Platinum Credit Card. 

Though this card gives you fuel savings only at an Indian Oil outlet, the thing I like about this card is the fact that all reward points; whether accrued on spends at an Indian oil outlet or for any other spends, can be used to get free fuel from an Indian Oil Outlet. Moreover, each turbo point is worth Re. 1 of free fuel. 

Plus, you get a full fuel surcharge waiver. 

Also, the minimum points needed for free fuel redemption is 250.  This is reasonably low. 

If you want to redeem your accumulated turbo points elsewhere (thought I don’t see the reason why you would ever want to), you can do that at partner merchant outlets or for gift vouchers from popular brands. In such case every reward point would be worth INR 0.30 approximately. So its smarter to redeem them for free fuel. 

Also, you need not pay any annual fee on the card when you spend more than Rs. 30,000 on the card during the year. Again the minimum amount to be spent for free card renewal is reasonably low. 

Overall, the Indian Oil Citi Platinum Credit Card. is a good card to have that can give you great savings on your fuel bills. The only catch is you need to use it only at an Indian Oil Outlet. 


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