Kotak Mahindra Bank · Entry
IndianOil Kotak
Where it ranks across all 187 cards
#4 Fuel
3.0%
at IndianOil (IOCL) pump
direct
#39 Dining out
2.0%
direct
#43 Groceries
2.0%
direct
#98 Jewellery & watches
0.5%
direct
#102 Gaming
0.5%
direct
#111 Mobile / broadband
0.5%
direct
#120 Train tickets
0.5%
direct
#127 Cabs & transit
0.5%
direct
#133 Health & pharmacy
0.5%
direct
#136 Other
0.5%
direct
#137 Electronics
0.5%
direct
#138 Flights
0.5%
direct
#138 Hotels
0.5%
direct
#140 Movies & events
0.5%
direct
#143 Online shopping
0.5%
direct
#143 Fashion
0.5%
direct
#144 Food delivery
0.5%
direct
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Points valued at ₹0.25/pt - conservative, what rankings use
Reward rules3 direct
Base rate - everything not covered below
0.50%base rate
3 pts / ₹150
source
Source: IndianOil Kotak (kotak.bank.in) - kotak.bank.in - read 21 Aug 2026
24 pts / ₹150 at IndianOil (4% value back)
4.00%this rule
24 pts / ₹150
how it works & source
Cap 1,200 accelerated pts/statement cycle. Plus 1% fuel surcharge waiver at IndianOil (₹100-₹5,000 txns, max ₹100/cycle; not on UPI). UPI-on-credit earns only base 0.5% (no 24X/12X via UPI; surcharge waiver not on UPI either).
Source: IndianOil Kotak (kotak.bank.in) - kotak.bank.in - read 21 Aug 2026
12 pts / ₹150 on groceries & dining (2%)
2.00%this rule
12 pts / ₹150
how it works & source
Cap 800 accelerated pts/statement cycle.
Source: IndianOil Kotak (kotak.bank.in) - kotak.bank.in - read 21 Aug 2026
Percentages here are each rule's own rate.
The card's single headline is the best of the direct rules only - selectable packs, capped-base rows and
portal/voucher routes above are shown for completeness but never set it.
Earns nothing on7 exclusions
Utility bills
earns nothing
Utility MCCs excluded from rewards/milestones.
→ use HSBC Live+ here (10.0%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Utility bills · MCCs: 4900, 4814, 4899, 4812
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Insurance
earns nothing
Insurance MCCs excluded from rewards/milestones.
→ use Axis Burgundy Private here (6.4%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Insurance · MCCs: 5960, 6300, 6381, 6399
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Wallet load
earns nothing
Wallet loads excluded from rewards/milestones.
→ use SC Ultimate here (3.3%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Wallet load · MCCs: 6540
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Rent
earns nothing
Rent excluded from rewards/milestones.
→ use Axis Burgundy Private here (5.2%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Rent · MCCs: 6513
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Government / tax
earns nothing
Government MCCs excluded from rewards/milestones.
→ use Biz Black Metal Edition Credit Card here (3.3%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Government / tax · MCCs: 9222, 9223, 9311, 9399, 9402, 9405
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Education
earns nothing
Education MCCs excluded from rewards/milestones.
→ use Axis Burgundy Private here (5.2%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Education · MCCs: 8211, 8220, 8241, 8244, 8249, 8299
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
EMI
earns nothing
EMI transactions excluded from rewards and milestone spends (MITC).
→ use Kotak Solitaire Credit Card here (3.0%)
detail & source
categories: EMI
Source: Kotak MITC (KOTMITC/07/2026 v2, 31 Jul 2026) - kotak.com - read 22 Aug 2026