IndianOil CitiBusiness Credit Card
KeepThe business half of Citi's fuel co-brand. Turbo points still come out as free diesel.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes a fee schedule AND an earn table — we have neither number, so there is nothing to net off against nothing. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Citibank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
2 notes on the card itself: how it is issued · why it ranks #808
Why #808 The fleet-shaped half of Citi's IndianOil co-brand — a fuel card sold to companies, carried and not ranked. It is here because its points still come out at a pump, which is a live obligation rather than a historical note.
The take
Citi issued exactly two business cards in India and this was the fuel one: a company card aimed at whoever was paying for the tank. It migrated with everything else — Citi's Indian business went to Axis Bank, every card relationship completed on 15 July 2024, and the Citi-branded plastic has run the INDIANOIL AXIS BANK PREMIUM's terms since. So the rate and the fee belong to that card's page, which this board already ranks. What makes this page worth a business's attention rather than a historian's is that the exit still works and it is not a catalogue. Turbo points converted flat, at 1 Turbo Point = 1 EDGE Mile, and the resulting EDGE Miles come back out as free fuel at IOCL outlets at ₹1 a mile, or convert into IndianOil XTRAREWARDS at 3 EDGE Miles for 10 XTRAREWARDS. For a firm that buys fuel, that is a rebate with a real redemption rather than a points balance nobody clears. Balances held on migration day never expire. The accelerator is tied to REGISTERED IOCL outlets, so a pump that is not on the list pays the base rate, and that is the one operational detail worth passing to whoever actually holds the card.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes a fee schedule AND an earn table — we have neither number, so there is nothing to net off against nothing. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Citibank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Turbo points converted flat, and the balance held on migration day never expires
- The exit is fuel, not a catalogue: redeem at IOCL outlets, or convert into IndianOil XTRAREWARDS
- 1% fuel-surcharge waiver across 35,000+ IOCL outlets in India
- Carried for the record: one of only two business SKUs Citi issued in India, and Axis lists it as a product of its own
Watch out
- WITHDRAWN — Citi India's book was sold to Axis Bank and every card relationship completed migration on 15 July 2024
- Nothing here is valued, because what this plastic earns is the INDIANOIL AXIS BANK PREMIUM's rewards in its currency — that card is on this board and carries the numbers
- The fuel accelerator is tied to REGISTERED IOCL outlets; an unregistered pump pays the base rate
- Points earned after migration expire three years out, and sooner if you go 365 days with no transaction, no redemption and no EDGE REWARDS login
- Axis says only that the annual fee 'remains the same' and never prints a figure; citibank.co.in, the document that did, no longer resolves
What these points actually fly
Citibank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
You cannot, and it was never a card an individual could apply for. Citi stopped issuing Indian cards on the sale of the business to Axis Bank, and migration of every relationship completed on 15 July 2024. Former holders were moved to the INDIANOIL AXIS BANK PREMIUM Credit Card, which is on this board as a consumer product with its own fee, earn and verdict.
Citibank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
7 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 15 Apr 2021Citi announces exit from Indian consumer bankingCiti credit cards, retail and wealth in India → Consumer business up for sale (later to Axis)
Citi called time on its Indian consumer arm — including its cult PremierMiles and Rewards cards — citing a lack of scale. The portfolio would eventually pass to Axis, ending one of India's most-loved rewards ecosystems.
- 12 Oct 2019Citi India guts reward earning on utilities, insurance, and tax
- 1 Dec 2017Citi PremierMiles' 10X 'Extra' partner program dies for good
- 1 Apr 2016Citi Prestige strips Etihad Guest Gold and partner perks
- 1 Feb 2015Citi PremierMiles doubles the cost of transferring to airline partners
- 16 Jul 2012Citibank kills Jet Airways co-brand, pivots to PremierMiles
- 16 Jul 2012Citibank Retires 13-Year Jet Airways Co-Brand, Launches PremierMiles
Every Citibank change we've dated → 7 events since 2012, 4 of them nerfs — worst year 2019.
Verified against Citibank's own documents on
Not published , and we will not invent it: the annual fee · the earn rate and the currency it earns.
Every document behind this page — 3 of them, each with the day we read it
- official Axis Bank's live migration page for this card — the INDIANOIL AXIS BANK PREMIUM benefit table offered to former IndianOil CitiBusiness Credit Card holders
- official Citi–Axis migration FAQ (June 2024) — "IndianOil CitiBusiness Credit Card | INDIANOIL AXIS BANK PREMIUM Credit Card | 1 Turbo Point = 1 EDGE Mile"
- official "Forward Together", Axis Bank's Citi-transition site — its card menu lists IndianOil CitiBusiness as a product of its own