The Indian Oil Axis Bank Credit Card is a co-branded credit card tailor-made for individuals who regularly use their vehicles for commuting or traveling.
Users of this card can benefit from earning up to 5% value back on fuel transactions conducted at Indian Oil outlets, provided in the form of valuable fuel points.
To extend a warm welcome, new cardholders are entitled to receive up to 1000 reward points as a welcome bonus on their initial transaction made within the first 30 days of activating the card.
For further details on additional benefits, continue reading.
Table of Contents
Benefits and Features of Indian Oil Axis Bank Credit Card
| Benefits and Features | Indian Oil Axis Bank Credit Card |
|---|---|
| Welcome Benefits | During the initial 30 days of activating your card, you’re entitled to a 100% cashback on fuel transactions, with the cashback amount capped at Rs. 250. |
| Cashback/Rewards Points | For general spending, a 4% fuel reward is applicable for purchases ranging from Rs. 100 to Rs. 5000. However, there’s a monthly cap of 1000 Reward Points (RP) for accelerated EDGE RP for fuel. This translates to a maximum fuel expenditure of Rs. 5000 per calendar month for a 4% return. While this allocation should suffice for most users, it might be somewhat limited for car owners, considering prevailing fuel prices. Furthermore, enjoy a 1% fuel surcharge waiver on transactions between Rs. 200 and Rs. 5000, with a maximum waiver of Rs. 50 per statement. This caps the fuel surcharge waiver at Rs. 5000 for fuel expenses within a given statement cycle. |
| Travel Benefits | N/A |
| Dining Benefits | Cardholders are eligible for up to a 15% discount on dining bills at partner restaurants in India through the Dining Delights program. |
| Domestic Lounge Access | N/A |
| International Lounge Access | Although the card doesn’t offer specific travel benefits, you can still benefit from dining perks you have read above. |
| Movie Benefits | For entertainment enthusiasts, there’s an additional perk – a 10% discount on booking movie tickets through the BookMyShow app or website. |
| Insurance Benefits | N/A |
Welcome Benefits:
Receive a 100% cashback, capped at Rs. 250, for fuel transactions carried out within the initial 30 days from the issuance of your card as a special welcome offer.
Movie & Dining Benefits:
Enjoy an instant 10% discount when booking movie tickets on BookMyShow. Indulge in delectable dining experiences with a discount of up to 15%, up to Rs. 500, at select restaurants participating in the Axis Bank EazyDiner Program.
Indian Oil Axis Bank RuPay Credit Card Rewards:
Earn 20 EDGE Points for every Rs. 100 spent on fuel purchases at all Indian Oil Corporation Limited (IOCL) stations nationwide, for transactions ranging from Rs. 100 to Rs. 5,000. Get 5 EDGE Points per Rs. 100 spent on online shopping transactions within the Rs. 100 to Rs. 5,000 range. Additionally, accumulate 1 EDGE Point per Rs. 100 on all other transactions made using the credit card.
Eligibility for the Indian Oil Axis Bank Card
To check the eligibility for the Indian Oil Axis Bank Card, kindly read the Indian Oil Axis Bank Card Eligibility Blog post
Fees & Charges
| Fees & Charges | Indian Oil Axis Bank Credit Card |
|---|---|
| Joining fee | Rs. 500 |
| Annual fee | Rs. 500 |
| Fee waiver | Annual fee – waived off on spending of Rs. 50,000 in a year |
| Fuel surcharge | 1% fuel surcharge waiver on your transactions between Rs. 200 and Rs. 5,000 per month. You can avail a maximum waiver of Rs. 50 in a statement cycle. |
How to Apply for Indian Oil Axis Bank Credit Card
You can apply online or offline for this Indian Oil Axis Bank Card.
Online – Visit axis bank’s official website and apply for this Indian Oil Axis Bank Card.
Offline – To initiate any required processes or services related to your Axis Bank account, kindly visit the nearest Axis Bank branch. Ensure you bring all the necessary documents along with you for a smooth and efficient service experience.
