Also Good Fuel Rewards Credit Card
Indian Oil Citi Platinum
- Joining Fee
- ₹ 1,000
- Annual Fee
- ₹ 1,000
- Joining Bonus
- Cashback ₹ 1,000
What we like
- 2.7% return on fuel spend, and 1.33% on grocery spend
- Points also redeemable on non-fuel spend through the citi rewards catalogue, albeit at lower return rates than fuel
- Low annual spend threshold (Rs 30,000) for free renewal
What we don't
- Tries to be a general-purpose card but offers extra rewards on limited categories
In a tweet
The Indian Oil Citi Platinum offers good value for road warriors. Also allows redemption benefits across the Citi rewards network, but then you might be better off with a General-Purpose Card to get better returns for your spend.
More about this card
The card that tries
The Indian Oil Citi Platinum offers great value on its core category i.e. Fuel but it also extends preferential rewards to grocery spend.
Technically, this means a return of 1.4% on overall spend if you redeem exclusively in free fuel. There is an extremely short list of stores where you can also pay using your reward points.
71 Litres of fuel account for about 1,000 kms which should not be a challenge for a road warrior to consume.
Passable on non-fuel rewards
If you'd rather use the reward points for other spends, then there are a few options including Citi's limited rewards catalog, conversion to air miles, cashback, or online discount vouchers.
Online discount vouchers are convenient to buy and use but this card offers atrocious value on them, at ₹ 15 / 100 Turbo Points. The cash back option at ₹ 35 / 100 Turbo Points makes more sense.
If you are looking for more than getting free fuel, then good general-purpose cards offer better value.