Kotak IndianOil RuPay Platinum Credit Card vs Shaurya SBI RuPay Platinum Credit Card: Which is Better in 2026?
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In short: Shaurya SBI has the lower annual fee (₹250 vs ₹449); both charge a 3.5% forex markup.
| Key facts | Kotak IndianOil | Shaurya SBI |
|---|---|---|
| Annual fee | ₹449 | ₹250 |
| Joining fee | ₹449 | Not listed |
| Annual fee waived | On ₹50,000 annual spend | On ₹50,000 annual spend |
| Top reward rate | 24 Reward Points on Every ₹150 Spent on Indianoil Outlets | 5X Reward Points on CSD |
| Base rewards | 3 Reward Points on Every ₹150 | 1 Reward Point Per ₹100 |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 24 Oct 2026. Milestones, welcome benefits and caps are in the full table below.
What you'd earn in a year
On ₹20,000 a month with ₹5,000 at each card's top rate, Kotak IndianOil returns about ₹1,901 more a year after annual fees (₹3,300 vs ₹1,200 in rewards).
| Spend profile | Kotak IndianOil | Shaurya SBI |
|---|---|---|
| Reward value: top rate / base rate | 4% / 0.5% | 1.25% / 0.25% |
| ₹20,000 a month, all general spends | ₹1,200 | ₹600 |
| ₹20,000 a month, ₹5,000 of it at each card's top rate | ₹3,300 | ₹1,200 |
| Annual fee | ₹449 | ₹250 |
Estimates from the earn rates above, with stated cashback caps applied, before exclusions. Reward points are valued at the card's best listed redemption (often travel or vouchers via the bank's portal); cash-back on the statement is usually worth less. Annual fees may be waived on spend (see the table below).
Shaurya Sbi Rupay Platinum Credit Card shows a stronger headline earn rate in the first reward band we surface. Always confirm current fees and offers on the issuer’s site before you apply.
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| Feature | Kotak Indianoil Rupay Platinum Credit Card | Shaurya Sbi Rupay Platinum Credit Card |
|---|---|---|
| Bank | Kotak Mahindra Bank | SBI Cards |
| Network | Rupay | Rupay |
| Joining fee | Joining Fee of Rs.449 | — |
| Annual / renewal fee | Annual Fee of Rs.449 | Annual Fees - Rs.250 |
| Annual fee waiver | Spend Rs.50000 For Annual Fees Waiver | Spend Rs.50000 For Waiver of Renewal Fee |
| Top reward rate | Earn 24 Reward Points on Every Rs.150 Spent on Indianoil Outlets | Earn 5X Reward Points on CSD |
| Base rate (other spends) | Earn 3 Reward Points on Every Rs.150 | Earn 1 Reward Point Per Rs.100 |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | Welcome Benefit - Get 1000 Reward Points | Get 1000 Reward Points as Welcome Gift |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Which is better for rewards?
Kotak Indianoil Rupay Platinum Credit Card shows a higher headline earn signal in the reward summaries we index (Earn 24 Reward Points on Every Rs.150 Spent on Indianoil Outlets vs Earn 5X Reward Points on CSD). If you optimise for points or cashback on daily spend, start with that card’s reward bands — then model redemptions you actually use.
Which is better for travel?
Neither card clearly dominates on lounge data in our automated parse — or both are similarly strong. Use the lounge rows in the table and your own travel pattern (domestic vs international) to break the tie.
Which has lower effective cost?
Shaurya Sbi Rupay Platinum Credit Card appears cheaper on headline renewal fee in our data before waivers. If you are fee-sensitive, also read the waiver rules in the table — a higher sticker fee can still be net-negative cost if you naturally clear spend thresholds.
Who should pick Kotak Indianoil Rupay Platinum Credit Card?
Consider Kotak Indianoil Rupay Platinum Credit Card if you already bank with Kotak Mahindra Bank, and the fee, waiver and earn rows above line up with how you spend each month. Use CardChat on that card for deeper, personalised follow-ups.
Who should pick Shaurya Sbi Rupay Platinum Credit Card?
Consider Shaurya Sbi Rupay Platinum Credit Card if you already bank with SBI Cards, and the fee, waiver and earn rows above line up with how you spend each month. Use CardChat on that card for deeper, personalised follow-ups.
Frequently Asked Questions
From the lounge fields in our benefit data: Kotak Indianoil Rupay Platinum Credit Card — domestic: —; international: —. Shaurya Sbi Rupay Platinum Credit Card — domestic: —; international: —. Guest rules, networks and visit caps change — confirm on the Kotak Mahindra Bank and SBI Cards websites before you travel.
From the renewal-fee lines we index, the headline amounts are about ₹250 vs ₹449 per year before taxes and waivers. Campaigns and customer-specific pricing differ — use the comparison table and the Kotak Mahindra Bank and SBI Cards websites for the final number.
On the first reward band we surface, Shaurya Sbi Rupay Platinum Credit Card shows a stronger headline earn (Earn 5X Reward Points on CSD vs Earn 24 Reward Points on Every Rs.150 Spent on Indianoil Outlets). Category bonuses, caps and redemption value decide real-world returns — map this to where you actually spend.
Kotak Indianoil Rupay Platinum Credit Card: Spend Rs.50000 For Annual Fees Waiver Shaurya Sbi Rupay Platinum Credit Card: Spend Rs.50000 For Waiver of Renewal Fee Spend thresholds and anniversary rules change; confirm the latest T&Cs.
Kotak Indianoil Rupay Platinum Credit Card: 3.5% - Foreign Currency Transactions Shaurya Sbi Rupay Platinum Credit Card: 3.5% - Foreign Currency Transactions Lower published foreign-currency markup is usually better for overseas and foreign-currency online spend; confirm the live rate and exclusions on the Kotak Mahindra Bank and SBI Cards websites.
Kotak Indianoil Rupay Platinum Credit Card: Welcome Benefit - Get 1000 Reward Points Shaurya Sbi Rupay Platinum Credit Card: Get 1000 Reward Points as Welcome Gift Welcome campaigns are time-bound — verify eligibility and fulfilment on the Kotak Mahindra Bank and SBI Cards websites.