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.
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:
|Dining Privileges||Up to 20% off at over 1,000 restaurants in Chennai, Bengaluru, Delhi/ NCR, Mumbai|
|Shopping Privileges||Exclusive discounts and offers across numerous retail stores|
|Bill Pay||Pay all your utility bills online using the Bill Pay facility|
|EMI Conversion||Buy expensive products and pay in easy installments|
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:
|Primary Features||Fees / Charge|
|Annual Fee||Rs. 1,000|
|Extended Credit Charges||3.75% p.m. (45% p.a.)|
|Overlimit Charges||2.5% of the amount over the credit limit, subject to a minimum of Rs. 500|
|Cash advance fee||2.5% of the withdrawn amount or a minimum of Rs. 500|
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