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Features of ICICI Bank IndianOil Credit Card
Fuel-Related Benefits
- Accelerated Fuel Points at IndianOil Outlets: The ICICI Bank IndianOil Credit Card provides cardholders with 4 Turbo Points for every ₹150 spent on fuel at authorized IndianOil outlets across India. These points translate into significant savings, as 1 Turbo Point equals ₹1 when redeemed for free fuel at IOCL stations. The accelerated earning rate ensures that frequent fuel buyers can accumulate points quickly, making it an ideal choice for daily commuters or long-distance travelers. The maximum fuel spend eligible for Turbo Points is capped at ₹5,000 per month, ensuring a focused reward structure for typical fuel expenses.
- Fuel Surcharge Waiver: A standout feature is the 1% fuel surcharge waiver on all fuel transactions at IndianOil pumps, applicable for purchases between ₹400 and ₹4,000 per transaction. This waiver, capped at ₹100 per statement cycle, reduces the overall cost of fuel purchases, providing immediate savings at the pump. This benefit is particularly valuable in an era of fluctuating fuel prices, offering consistent relief for cardholders.
- Complimentary IndianOil XTRAREWARDS Membership: Cardholders receive free membership to the IndianOil XTRAREWARDS Program (IXRP), which enhances the fuel rewards experience. This membership allows seamless tracking and redemption of Turbo Points at IOCL outlets, ensuring that cardholders can maximize their fuel savings without additional costs. The integration with IXRP adds a layer of convenience, as points can be redeemed directly at fuel stations for free fuel or other products.

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- Payment Flexibility: Convert purchases above ₹2,500 into EMIs with Flexipay. Transfer balances from other credit cards at lower interest rates. Pay utility bills and earn reward points.
- Contactless Transactions: The card supports contactless payments, allowing cardholders to simply wave the card at secure readers for quick and convenient transactions. This feature is ideal for small-ticket purchases, reducing the need to handle cash or cards. The contactless technology includes a unique security key to prevent duplicate transactions, ensuring safety during use.
- Flexipay for EMI Conversion: With Flexipay, cardholders can convert purchases of ₹2,500 or more into easy monthly installments. This feature must be activated within 30 days of the transaction by logging into the ICICI Bank portal. Flexipay offers a flexible repayment option at a reasonable interest rate, making large purchases more manageable.
- Culinary Treats Programme: Cardholders can participate in ICICI Bank’s Culinary Treats Programme, which provides exclusive dining discounts at participating restaurants across India. This programme covers a wide range of cuisines, enhancing the dining experience with savings on bills. Details of participating restaurants are available on ICICI Bank’s website, making it easy to plan culinary outings.
- Balance Transfer on EMI: The card allows cardholders to transfer outstanding balances from other banks’ credit cards to the ICICI Bank BPCL Octane Credit Card at a lower interest rate, repayable in EMIs. This feature, accessible via the ICICI Bank website, helps consolidate debt and reduce interest costs, providing financial flexibility.
- Security Features: Embedded microchip for secure transactions. ₹1 lakh fraud liability cover. Contactless payment capability (Visa payWave).
- Global Acceptance: Accepted at over 24 million outlets worldwide. Low forex markup fee of 1.5% on international transactions.
- Add-On Cards: Get add-on cards for family members at no additional fee. Supplementary cardholders can earn reward points on their spends.
- Annual Fee Waiver: Annual fee of ₹1,499 + GST waived if you spend ₹2 lakh or more in the previous year.
- Reward Redemption: Redeem points instantly for fuel at BPCL outlets (1 point = ₹0.25). No redemption fee for fuel transactions.
- BPCL Partnership Benefits: Special rewards on Bharat Gas and lubricant purchases through BPCL website/app.
- Fuel Redemption at BPCL Outlets: Reward points can be redeemed instantly for fuel purchases at eligible BPCL outlets, with each point valued at ₹0.25. This direct redemption option is convenient for cardholders who prioritize fuel savings, as it eliminates the need for additional steps.
- Versatile Redemption Catalogue: In addition to fuel, reward points can be redeemed through ICICI Bank’s Shop and Smile Rewards Catalogue, which includes products, vouchers, and cashback options. Cardholders can access the catalogue via the ICICI Bank portal or mobile app, offering flexibility to use points for lifestyle or financial benefits.
- Family Add-On Cards: Primary cardholders can apply for add-on cards for family members, including parents, spouses, siblings, or children above 18 years, at no additional annual fee. Add-on cards share the same credit limit and reward benefits, allowing families to consolidate spending and earn rewards faster.
- Nominal Fees: The joining and annual fee of ₹1,499 is competitive for a card with such extensive benefits. The potential for an annual fee waiver and the welcome bonus further enhance its value, making it accessible to a wide range of users.
- Turbo Points on Non-Fuel Purchases: Beyond fuel, the card offers 2 Turbo Points for every ₹150 spent on groceries and supermarkets, catering to everyday household needs. For all other retail purchases, excluding fuel, cardholders earn 1 Turbo Point per ₹150 spent. This tiered reward structure ensures that cardholders are rewarded across multiple spending categories, making the card versatile for daily use.
- Flexible Redemption Options: Turbo Points earned on the ICICI Bank IndianOil Credit Card never expire, providing cardholders with the flexibility to accumulate points over time. These points can be redeemed instantly via SMS for purchases at leading brands or online through the bank’s official website at a rate of 1 Turbo Point = ₹1. Additionally, points can be used to purchase products from the IndianOil rewards catalog or converted into cashback against the card’s statement balance, offering multiple avenues to utilize rewards effectively.
- Welcome Turbo Points: New cardholders are greeted with 250 Turbo Points upon their first spend within 30 days of card issuance. This welcome bonus serves as an incentive for early card usage and provides an immediate boost to the rewards balance, equivalent to ₹250 in free fuel or other redemptions. This feature is exclusive to the primary cardholder and encourages prompt activation of the card.
- Dining and Entertainment Perks:
- Culinary Treats Programme Discounts: The card offers a minimum of 15% discount on dining bills at over 2,500 participating restaurants across India under ICICI Bank’s Culinary Treats Programme. This benefit, applicable on a minimum bill of ₹2,500, can be availed once per month with a maximum discount of ₹500. It caters to food enthusiasts who enjoy dining out, providing substantial savings on culinary experiences.
- Movie Ticket Discounts via BookMyShow: Entertainment benefits include a 25% discount, up to ₹100, on the purchase of a minimum of two movie tickets per transaction through BookMyShow. This offer can be availed twice per month, making it ideal for moviegoers looking to save on weekend outings. The discount is applied instantly, enhancing the card’s appeal for leisure activities.
- Travel and Lifestyle Benefits: Complimentary Domestic Lounge Access: The ICICI Bank IndianOil Credit Card provides two complimentary domestic airport lounge visits per quarter, offering a premium travel experience for frequent flyers. This feature is particularly valuable for business travelers or those who prioritize comfort during layovers, providing access to select lounges across major Indian airports.
- Contactless Payment Technology: Enabled for contactless payments, the card facilitates fast, secure, and convenient transactions at retail outlets. In India, contactless payments up to ₹5,000 do not require a PIN, streamlining the checkout process for small purchases. For transactions above ₹5,000, a PIN is required for added security, ensuring a balance between convenience and safety.
- Financial Flexibility and Security: Interest-Free Credit Period: Cardholders enjoy an interest-free credit period of up to 50 days from the date of purchase, provided the full statement balance is paid by the due date. This feature allows for better cash flow management, enabling users to make purchases without incurring immediate interest charges.
- EMI Conversion for Large Purchases: The card supports the conversion of retail transactions of ₹3,000 or more into Equated Monthly Installments (EMIs) within 30 days of purchase. Available tenures include 3, 6, 9, or 12 months, offering flexibility for managing large expenses such as electronics or travel bookings. Note that fuel, cash, jewelry, and certain other transactions are excluded from EMI conversion.
- Zero Lost Card Liability: In the event of card loss, cardholders face zero liability for fraudulent transactions after reporting the loss to ICICI Bank’s 24-hour customer care. This feature provides peace of mind, ensuring financial protection against unauthorized usage.
- Fees and Charges Structure:
- Affordable Joining and Annual Fees: The card comes with a joining and annual fee of ₹500 plus GST, which is relatively low for a fuel credit card with such extensive benefits. The annual fee is waived if cardholders spend ₹50,000 or more in the previous year, making it accessible for regular users to maintain the card at no additional cost.
- Low Cash Advance Fees: For cash withdrawals, the card charges a fee of 2.5% of the withdrawn amount or ₹500, whichever is higher. While cash advances are not recommended due to high interest rates, the fee structure is competitive compared to other cards in the same category, providing an option for emergencies.
- Eligibility and Application Process:
- Simple Eligibility Criteria: To apply for the ICICI Bank IndianOil Credit Card, applicants must be between 21 and 60 years old (up to 65 for self-employed individuals), with a minimum monthly income of ₹12,000 for salaried individuals or an Income Tax Return (ITR) of over ₹6 lakh per annum for self-employed individuals. A good credit score (preferably 750 or above) enhances approval chances.
- Streamlined Application Process: The application can be completed online via ICICI Bank’s official website or through third-party platforms like Paisabazaar. Required documents include proof of identity (PAN, Aadhaar, or driver’s license), proof of income (payslips, Form 16, or ITR), and proof of address (passport, ration card, or utility bill). The bank may request additional documents based on individual profiles, ensuring a thorough yet efficient process.
- Unique Value Proposition:
- Tailored for Fuel Loyalists: The ICICI Bank IndianOil Credit Card stands out for its focus on IndianOil loyalists, offering unmatched fuel rewards and surcharge waivers exclusively at IOCL outlets. Unlike generic credit cards, its rewards program is optimized for fuel and grocery spending, making it a niche yet powerful tool for specific consumer needs.
- Balanced Lifestyle Benefits: While primarily a fuel card, its dining, entertainment, and travel perks add versatility, ensuring cardholders can enjoy savings across multiple aspects of their lifestyle. The combination of lounge access, movie discounts, and dining offers positions it as a well-rounded option for entry-level cardholders.
- Cost-Effective Reward System: With no expiry on Turbo Points and multiple redemption options, the card ensures that rewards remain accessible and valuable over time. The low annual fee, coupled with an achievable waiver condition, makes it a cost-effective choice for budget-conscious users seeking high returns on fuel and everyday purchases.

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- Accelerated Rewards on Everyday Spending: Earn 5X reward points (up to 5,000 points/month) for every ₹100 spent on groceries, departmental stores, movies, and dining. Ideal for household and lifestyle expenses.
- 2 Reward Points on Non-Fuel Purchases: Earn 2 points per ₹100 spent on all other retail transactions except fuel, ensuring steady reward accumulation across categories.
- 1 Reward Point on Utility & Insurance Payments: Get rewarded even for essential expenses like electricity bills and insurance premiums.
- Entertainment Discounts: Enjoy 25% off (up to ₹100) on movie tickets via BookMyShow or INOX, twice per month on each platform—up to ₹400 monthly savings.
- Culinary Treats Dining Program: Minimum 15% off at 800+ partner restaurants across India through ICICI Bank’s exclusive dining program.
- Lifetime Free Credit Card: No annual fee ever—ideal for cost-conscious customers looking to enjoy premium benefits without yearly charges.
- EMI Conversion Facility: Convert large purchases into EMIs through iMobile or internet banking with flexible tenure options.
- Loan on Card: Access instant loans against your credit limit without separate applications, offering easy liquidity.
- Contactless Payments: Tap-and-pay for faster, secure transactions at contactless-enabled POS machines.
- Enhanced Security: Chip-enabled card with PIN authentication and ₹1 lakh fraud protection in case of loss or misuse.
- Credit Card Protection Plan: Block the card quickly in case of theft or loss and prevent unauthorized transactions.
- Visa Lifestyle Benefits: Enjoy exclusive Visa offers at spas, retail stores, and dining outlets globally.
- UPI Compatibility: Link the card to UPI-enabled apps and make QR-based payments for added convenience.
- Flexible Reward Redemption: Redeem reward points for vouchers, merchandise, and even cashback via the ICICI Rewards Portal.
- Simple Eligibility & Easy Application: Apply online or offline with basic documents—ideal for new credit card users.
- Perfect for Beginners: Lifetime free, low eligibility threshold, and great rewards make it ideal for first-time cardholders.
- Comparison Advantage: Offers similar fuel benefits to BPCL SBI Card but with no annual fee and more non-fuel rewards—great for all-around usage.
Frequently Asked Questions (FAQs)
1. What is the ICICI Bank IndianOil Credit Card?
It’s a co-branded fuel credit card by ICICI Bank and IndianOil, offering fuel surcharge waivers, reward points on fuel spends, and discounts at IndianOil petrol pumps.
2. What are the benefits of this card?
4% surcharge waiver on fuel transactions at IndianOil outlets (up to ₹5,000/month).
Reward points on fuel & non-fuel spends (1 point = ₹1).
Discounts on lubricants & services at IndianOil outlets.
No joining fee (subject to bank terms).
Reward points on fuel & non-fuel spends (1 point = ₹1).
Discounts on lubricants & services at IndianOil outlets.
No joining fee (subject to bank terms).
3. Where can I use this card for fuel surcharge waiver?
Only at IndianOil petrol pumps (other fuel stations may charge a 1% surcharge).
4. How do I redeem reward points?
Points can be redeemed for:
Fuel vouchers at IndianOil pumps.
Statement credit (1 point = ₹0.25).
Other rewards via ICICI Bank’s rewards catalog.
Fuel vouchers at IndianOil pumps.
Statement credit (1 point = ₹0.25).
Other rewards via ICICI Bank’s rewards catalog.
5. Is there an annual fee?
First year free for most variants.
Renewal fee waiver on spending ₹50,000 or more in a year.
Renewal fee waiver on spending ₹50,000 or more in a year.
6. What is the interest rate & late payment charges?
Interest rate: ~3.4% per month (~41% annually).
Late fee: Up to ₹600 (varies based on dues).
Late fee: Up to ₹600 (varies based on dues).
7. How to apply for this card?
Online via ICICI Bank’s website or IndianOil website.
Offline at IndianOil petrol stations or ICICI Bank branches.
Offline at IndianOil petrol stations or ICICI Bank branches.
8. What is the credit limit on this card?
Depends on your income, credit score, and ICICI Bank’s policy (usually starts from ₹15,000).
9. Does this card offer any insurance cover?
Some variants provide fuel-related accidental insurance (check terms).
10. How to check ICICI IndianOil Credit Card balance & rewards?
Via ICICI Internet Banking, iMobile app, or customer care (1860-120-7777).
List of ICICI Bank BPCL Credit Card Karnataka Branches
- Karnataka (Bangalore - Gubbalala Main Road)
- Karnataka (Bangalore - Rajarajeshwari Nagar)
- Karnataka (Bangalore - Judicial Layout, Uttarahalli Hobli)
- Karnataka (Bangalore - Infantry Road)
- Karnataka (Bangalore - Malleswaram)
- Karnataka (Bangalore - Vijayanagar - RPC Layout)
- Karnataka (Bangalore - Jayanagar 3rd Block)
- Karnataka (Bangalore - Marathahalli - Outer Ring Road)
- Karnataka (Bangalore - JP Nagar 6th Phase)
- Karnataka (Bangalore - JP Nagar 3rd Phase)
- Karnataka (Bangalore - Banashankari 3rd Stage)
- Karnataka (Bangalore - Haralur-HSR Layout)
- Karnataka (Bangalore - Basaveshwara Nagar)
- Karnataka (Bangalore - Frazer Town)
- Karnataka (Bangalore - Banashankari 2nd Stage)
- Karnataka (Bangalore - Jayanagar 7th Block)
- Karnataka (Bangalore - Jeevan Bima Nagar)
- Karnataka (Bangalore - Manyata-Embassy Business Park)
- Karnataka (Bangalore - Thanisandra)
- Karnataka (Bangalore - Nagarathpet - OTC Road)