Indian Oil Citi Platinum Card Review 2021 | How to Apply Citi Bank Credit Card through Flipkart 2021

This Credit Card is the result of a tie-up with IndianOil and Citi Bank to provide cardholders with several offers on their fuel purchases. The card is meant for the people who depend on their own vehicles for their daily commute. This card does not require any joining fee and the annual fee of Rs.1,000 is waived off if your annual expenditure is more than Rs.30,000.

Rewards

• Fuel at IndianOil outlets: 150 = 4 turbo points
• Groceries/supermarkets: 150 = 2 turbo points
• Others: 150 = 1 turbo point
• 1 turbo point = Fuel worth Re. 1

Joining Perks

• No joining perks

Fee Details

• 1st Year - 1,000.Waived if annual spends > 30,000
• 2nd Year Onwards - 1,000.Waived if annual spends > 30,000
• APR - 39% per annum

What you'll love

• 71 litres of FREE petrol based on spends = 5,396 (approx.) annual savings. Calculation is based on price of petrol in Mumbai as of April 2020
• 4 turbo points on every 150 spent at Indian Oil petrol stations. Turbo points can be exchanged for free fuel

You'll also love

• Complete waiver of the 1% fuel surcharge at authorised IndianOil outlets
• Save on annual fees by spending just 30,000 every year

Documents

• KYC - PAN, address proof and ID proof
• Photograph, salary slip/form 16

If most of your day is spent commuting and getting from one place to the other, consider getting the IndianOil Citi Platinum Credit Card. With this, you can easily save on your fuel costs and moreover, using this card is one way by which you can earn free fuel.

Key Highlights of IndianOil Citi Platinum Card

• Get up to 71 litres of fuel free every year.
• Earn up to 4 Turbo Points on all spends.
• Redeem Turbo Points for free fuel or gift vouchers from various brands.
• Enjoy a waiver on the annual fee (Rs.1,000), when you spend a minimum of Rs.30,000 p.a.

Benefits & Features of IndianOil Citi Platinum Card

• Get 4 Turbo Points for every Rs.150 spent on fuel at authorised IndianOil outlets across India. This adds up to savings of 2.67% on the fuel purchased.
• 4 Turbo Points per Rs.150 spent is capped at Rs.10,000 per transaction or 267 Turbo Points. Transactions higher than Rs.10,000 will not earn any Turbo Points.
• 1 Turbo Point is worth Rs.1 of fuel.
• Get 2 Turbo Points per Rs.150 spent at supermarkets and on groceries.
• Turbo Points earned on daily spends is capped at Rs.5,000 per month. This means that you can earn a maximum of 67 points per month on your daily spends.
• Get 1 Turbo Point per Rs.150 on all other spends.
• Turbo Pints do not expire, so you can redeem them whenever you please.
• Get 250 bonus Turbo Points on your first transaction made within 30 days of the issuance of the credit card. Offer valid till 31 March 2020.
• Enjoy contactless payment facilities at terminals which accept contactless cards.
• No need to enter your PIN for transactions up to Rs.2,000 in India.
• Enjoy access to Citi's concierge service by calling 1800 114 999.
• Enjoy Citi's dining privileges at selected restaurants.

IndianOil Citi Platinum Credit Card Limit

The credit limit (the amount beyond which you cannot use your card for any type of transaction without incurring a fine) will be notified to you by the bank at the time of issuance of the card. This limit can be changed from time to time. In cases where your income has increased, you can always request the bank for a credit limit increase. The increase in your credit limit is at the bank's discretion.

How to Redeem Your Reward Points

There are four ways to redeem the points you earn on your IndianOil Citi Platinum Credit Card.The first is an instant redemption. This can be done at any participating fuel outlets in India. This redemption needs to be done over the counter at the time of payment. You can also redeem your points instantly with all Citibank partners.

The second way to redeem your points is to log on to Citibank's web page for redemption and choose a product or service from their rewards catalogue. Once you select the product you wish to purchase, put in your card details. Once it has been validated, an alert will be sent to your phone regarding the dispatch of the selected item within four business days. The next way is to convert your points to air miles.

Fees & Charges of IndianOil Citi Platinum Card

Particulars	Fee
Joining fee	Will be communicated to you at the time of application
Annual fee	Rs.1,000 (waived on annual expenditure of Rs.30,000)
Card reissuing charges	Rs.100
Request for statement beyond 3 months	Rs.100
Cash withdrawal fee	2.5% of the amount withdrawn at ATMs in India (subject to a minimum of Rs.500) and $7.50 at ATMs overseas.
Late Payment Charges	If the statement balance is Up to Rs.1,000 - NIL Above Rs.1,000 and up to Rs.5,000 - Rs.450 Above Rs.5,000 and up to Rs.10,000 - Rs.700 Above Rs.10,000 - Rs.950

Eligibility & Documentation of IndianOil Citi Platinum Card

To apply for this card, you need to be an Indian citizen and at least 18 years old. The documents required are:

• One passport size photograph (colour)
• Your signature on a consent form
• Any one of the following as address proof and photo ID proof:
• Valid Indian Passport
• Voter's ID Card
• NREGA issued job card which is signed by a State Government officer
• Driving license
• Aadhaar card or E-aadhaar

How to Apply for This Card Online

Apply for this card on BankBazaar by following these steps:

• Check your eligibility by selecting the 'Check Eligibility' button.
• Once you have completed this step, you can click the 'Apply' button and follow the steps to complete your application.
• Hit 'Submit' once you are done.

IndianOil Citi Platinum Credit Card FAQs

1. What is the minimum number of points that I require for fuel redemption?

   You will need a minimum of 250 Turbo Points for fuel redemption.

2. For instant redemption with travel partners, what is the value of 1 Turbo Point?

   If you plan to redeem your points instantly with travel partners such as MakeMyTrip and Goibibo, keep in mind that the value of 1 Turbo Point will be Rs.0.25.

3. Is there any cap to the 1 Turbo Point that I earn on all other retail purchases?

   No, there is no cap applicable on earning 1 Turbo Point per Rs.150 spent on retail purchases that do not earn 4 or 2 Turbo Points.

4. Is it mandatory to submit my Aadhaar Card to Citibank at the time of application?

   No, submitting your Aadhaar is not mandatory. It is one of the photo ID documents you can provide to the bank.

5. If I redeem my point for cashback, how long will it take for it to reflect in my account?

   It will take a minimum of 3 business days from the day you place your request for the cashback to be credited to your account.