IndianOil Citi Platinum Credit Card Review

In partnership with IndianOil, Citibank has launched this co-branded credit card named IndianOil Citi Platinum Credit Card. If you are specifically looking for a fuel credit card, this card might serve the purpose. The card lets you save on your fuel expenses as fuel points. Here is our review of the IndianOil Citi Platinum Credit Card:

IndianOil Citi Platinum Credit Card lets you earn reward points and save on your fuel purchases. Also, you have the privilege to earn turbo points on all your expenses using this card. Here is a detailed IndianOil Citi Platinum Credit Card review to help you decide whether this is a suitable option for you or not:

Avail Exclusive Welcome Bonus

On the successful activation of this card, you are entitled to get Rs. 250 worth of free fuel on the first spend on your card. The welcome gift will be given in the form of turbo points. Hence, you will receive 250 turbo points which can be used further for fuel purchases. The points will be rewarded within 30 days of card issuance.

Click here to view the detailed terms and conditions.

Evergreen Reward Points On Every Purchase

The card lets you earn reward points (turbo points) on every purchase that you make. Be it fuel, grocery or any other spend, the card offers decent rewards to you. The accumulated points can then be used to get free fuel in the future. With this card, you get:

• 4 turbo points on every Rs. 150 spent and 1% fuel surcharge reversal on fuel purchase at authorized IndianOil outlets
• 2 turbo points on every Rs. 150 spent on groceries and supermarkets
• 1 turbo point on every Rs. 150 spent on all other categories

Annual Fee Waiver

The card gives you the opportunity of getting your Rs. 1,000 annual fee waived off. All you need to do is just spend Rs. 30,000 or more annually and get your annual fee completely waived off. This is a decent benefit that this card offers. If you are a regular commuter, then the amount you need to spend to avail this milestone benefit is easily achievable.

Added Benefits 

Apart from the fuel discounts and reward points, the card also provides some of the additional benefits for your convenience. Below is the list of some of the added advantages you get with this card:

Also read: Top Fuel Credit Cards in India

Is Rs. 1,000 Annual Fee Justified?

We can say that the annual fee is justified if your main objective behind the card is to get value back out of your fuel expenses. Also, if you can spend Rs. 30,000 annually, you can avail this credit card for free, which is counted as an added benefit. For your reference, we have given a list of related fees and charges of the card:

Should You Go For This Card? 

Looking for a fuel credit card? Are you a frequent commuter? If the answer is yes, then IndianOil Platinum Credit Card is the right choice for you. For your help, we have laid down a few points considering for whom the card will be an ideal choice. However, if your requirements are different, then you can look for other fuel-specific credit cards available in the market. The card is ideal for you if:

• You are a frequent fuel purchaser and commute on a daily basis
• Majority of your fuel purchases are from IndianOil outlets
• You are ready to pay the annual fee of Rs. 1,000
• You are not looking for any category-specific credit card

Suggested read: Top Citibank Credit Cards

Limitations of IndianOil Citi Platinum Credit Card 

Despite offering savings on your fuel purchases, this card might not be the one for everyone. We have listed down some of the drawbacks associated with the card:

• The annual fee might look a bit high to some
• For a fuel credit card, the surcharge waiver capping is lower than expected
• The majority of fuel discount is available at IndianOil outlets only, which is again a restricted option

Bottom Line

Specifically as a fuel credit card, IndianOil Citi Platinum Credit Card comes with an impressive rewards program and is definitely among the best fuel credit cards available in the market. This card enables you to earn turbo points whenever you purchase fuel at IndianOil outlets. The points can then be redeemed for a wide range of products including free fuel, exclusive products from catalogue, or on leisure and travel, etc. If your fuel purchases are high, this surely is the right card for you as it allows substantial savings on your fuel purchases.